Summary: The most secure method to acquire Bitcoin and various cryptocurrencies in Denmark is through an exchange that is authorized by the Danish Financial Supervisory Authority (Finanstilsynet). This procedure offers investors the convenience to use bank transfers, Dankort, credit cards, debit cards and other options to deposit Danish Krone (DKK) and securely buy, stake, and trade digital assets within a regulated environment.
To assist you in beginning, our team has thoroughly examined and ranked the top 5 trading platforms in Denmark based on our review methodology. Here are the leading options available:
Top Crypto Trading Platforms Denmark
After a meticulous evaluation of over 15 cryptocurrency exchanges, we have identified the premier platforms for Danish investors. Our methodology considers key factors such as compliance with the Danish Financial Supervisory Authority (Finanstilsynet) regulations, the variety of available digital currencies, the user experience, Danish Krone deposit methods, transaction fees, and other aspects to provide an accurate evaluation of these platforms.
eToro ranks as the best crypto investment platform in Denmark, offering an extensive range of assets, including over 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Its distinctive social trading features, such as Copy Trading and a Virtual Account for practice, differentiate it from other platforms. eToro also provides competitive fees, with no initial commissions and tight spreads on assets.
Regulated by the European Securities and Markets Authority (ESMA), eToro is the most trusted investment platform in Denmark and Europe with over 30 million users across the continent. Danish investors consider eToro the best overall platform due to its intuitive interface and cost-efficient DKK deposit options via SEPA transfers, online banking, and debit cards.
- Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.
- Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
- Regulation & Licensing: European Securities & Markets Authority (ESMA), CySEC, the FCA and more.
- DKK Deposit Methods: Bank Transfer, Dankort, Credit/Debit Card, Klarna, SOFORT, Skrill, Neteller, and PayPal.
With its headquarters in London, Uphold takes the spot as the second-best cryptocurrency exchange in Denmark, offering a plethora of over 250 digital assets to purchase, trade, and stake through their Danish Financial Supervisory Authority (Finanstilsynet) regulated platform. Serving as a viable alternative to eToro, Uphold facilitates swift and economical DKK deposits via various methods like Bank Transfer, Dankort, Debit Card, and Credit Card.
We have positioned Uphold as the premier option after eToro in Denmark, chiefly because they are one of the rare exchanges that provide audited proof-of-reserves. This ensures they offer real-time data, illustrating how they safeguard customer funds and affirming they are always fully backed on a 1:1 basis. Such transparency positions them among the most secure and dependable exchanges in the country.
- Fees: Free DKK Deposits with 1.5% spreads and 0% commissions.
- Supported Assets: 250 cryptocurrencies, 4 precious metals and 27 fiat currencies.
- Regulation & Licensing: Regulated and Licensed in Denmark.
- DKK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Bybit distinguishes itself as the third-best cryptocurrency exchange in Denmark, renowned for its wide-ranging suite of 770+ crypto assets, derivatives trading features, sophisticated trading tools, and varied order types. It presents a user-friendly interface, immediate transactions, competitive fees, and complimentary DKK deposits via Dankort and bank transfer.
Bybit rightfully maintains its stature as the preferred choice for derivatives and futures trading, due to its ample liquidity and remarkable leverage offering of up to 25x. It further promotes staking services and crypto loans, providing its users a platform to lend, borrow, and generate yield. Fueled by innovation and an unyielding dedication to user satisfaction, Bybit persistently strengthens its position as a prominent player in Denmark's cryptocurrency industry.
- Fees: Free DKK deposits and 0.1% spot trading fees with 0.5% spreads.
- Supported Assets: 770+ cryptocurrencies.
- Regulation & Licensing: Not directly regulated by the Danish Financial Supervisory Authority, but available in Denmark.
- DKK Deposit Methods: Bank Transfer, SEPA, Credit Card, Debit Card, Maestro & Google Pay.
Bitpanda asserts itself as the fourth-best cryptocurrency exchange in Denmark, being directly regulated by the Danish Financial Supervisory Authority (Finanstilsynet). Originally established and headquartered in Vienna, Austria, Bitpanda caters to the Danish market with a broad array of services, covering trading for over 3,000 cryptocurrencies, stocks, ETFs, and more. They stand as one of the handful of European exchanges offering secure cryptocurrency staking services.
With Bitpanda, users access a fully regulatory-compliant platform, encouraging Danish Krone (DKK) deposits from all Danish banking institutions, and supporting a variety of payment methods. Bitpanda's offerings extend beyond cryptocurrencies to include about 100 other assets, including popular stocks and ETFs. For Danish investors seeking an entry point into the crypto world, Bitpanda establishes itself as an unparalleled fourth option.
- Fees: Bank Transfers are free (DKK), trading fees are 0.2% and spreads are 1%.
- Supported Cryptos: 3,000 cryptos, stocks, ETFs and precious metals.
- Regulation & Licensing: Regulated by the Danish Financial Supervisory Authority (Finanstilsynet).
- DKK Deposit Methods: Bank transfer, Debit Card or Credit Card.
Binance solidifies its position as the fifth-best cryptocurrency trading platform in Denmark, functioning as a global titan with over 120 million users across more than 100 countries, including Denmark. It offers a wide variety of features, including spot, futures, margin, options trading, staking services, and a decentralized exchange (DEX). The platform offers round-the-clock customer support in numerous languages, including Danish and English.
The exchange distinguishes itself from its competitors due to its extraordinary liquidity depth, showcasing the highest volumes across a wide range of crypto assets. This unique feature provides users with the added benefit of smooth transactions even for high-volume trades, further enhancing its appeal amongst Danish investors.
- Fees: Spot trading is 0.1% and the derivatives maker/taker feeis 0.02%/0.04%.
- Supported Assets: 350+ cryptocurrencies.
- Regulation & Licensing: Regulated in Europe by not by the Finanstilsynet.
- DKK Deposit Methods: Bank transfers, Debit Cards, Credit Cards, Apple Pay, Dankort, Google Pay and more.
Is Cryptocurrency Legal in Denmark?
Yes, cryptocurrency is legal in Denmark. The Danish Central Bank and the Danish Financial Supervisory Authority (DFSA) monitor and regulate the use of cryptocurrencies in the country. However, cryptocurrency is not considered a currency or a financial instrument by the Danish government, and it is subject to taxation as a property.
How is Crypto Taxed in Denmark?
In Denmark, cryptocurrency is taxed as a property. This means that gains from selling or exchanging cryptocurrencies are subject to capital gains tax. If the cryptocurrency is held for less than a year, the gains are taxed as ordinary income, and if it's held for more than a year, the gains are taxed at a lower rate of capital gains tax. Danish residents are also required to pay tax on cryptocurrency mining and staking rewards. It's important to note that the tax rules for cryptocurrencies in Denmark may change, so it's always a good idea to stay updated on the latest developments.
How to Buy Bitcoin and Crypto in Denmark
Denmark's progressive approach to cryptocurrencies simplifies the process of acquiring digital assets. Here's a brief guide for purchasing crypto in Denmark:
- Exchange Selection: Select a DFSA-regulated platform such as eToro, Uphold or BitPanda, considering features, supported assets, and fees.
- Account Creation: Sign up on the chosen platform, submit personal or company information, and complete KYC and AML verification.
- DKK Deposit: Deposit DKK through bank transfer, online banking, or debit card and credit card.
- Crypto Investment: Navigate to trading, pick your crypto, and place an order.
- Coin Custody: Transfer the purchased assets to a private wallet for enhanced safety.
Denmark's regulatory framework offers a secure crypto trading environment for both newcomers and experienced investors.
In conclusion, cryptocurrency trading in Denmark is secure, regulated, and increasingly popular, with a variety of robust exchanges available to cater to different investor needs. The top five platforms, namely eToro, Uphold, Bybit, Bitpanda, and Binance, offer a broad range of assets, user-friendly interfaces, and a variety of deposit options, making crypto trading accessible for all levels of investors.
It's crucial to consider each platform's unique features, fees, and supported assets before making a choice. Denmark's progressive regulatory framework ensures the safety of investor's funds while facilitating a seamless trading experience. Always remember to adhere to local tax regulations and keep up with any changes that might affect your cryptocurrency investments.