Top 5 Crypto Trading Platforms in Norway
To determine the best crypto exchange for Norwegian investors, we have extensively reviewed over 30 platforms using our in-house methodology. Our evaluation criteria included Norwegian regulation and licensing, supported assets, user experience, NOK deposit methods, fees, and other features. Based on our findings, we have ranked the top five exchanges available in Norway.
1. eToro
As Norway's top crypto investment platform, eToro boasts a diverse array of assets, encompassing more than 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Unique social trading elements like Copy Trading and a practice Virtual Account set eToro apart from its competitors. Moreover, the platform offers attractive fees, with no trading fees and industry-leading spreads on assets.
Regulated by the European Securities and Markets Authority (ESMA), eToro has established itself as a trusted investment platform in Norway and throughout Europe, amassing over 30 million users across the continent. Praised by Norwegian investors for its user-friendly interface and cost-effective NOK deposit options through SEPA transfers, online banking, and debit cards, eToro is considered the premier platform in the country.
- 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: Regulated & Licensed by the European Securities & Markets Authority (ESMA), CySEC, the FCA and other key regulators.
- Customer Support Options: 24/7 support via live chat, Norweigian language support, email & online ticketing system.
- EUR & NOK Deposit Methods: Bank Transfer, Credit/Debit Card, Klarna, SOFORT, Skrill, Neteller, and PayPal.
2. Uphold
Uphold is the second most popular crypto trading platform in Norway, providing instant and free NOK and EUR deposits for trading over 250 cryptocurrencies without fees. As a licensed and regulated exchange in Europe, Uphold has its headquarters in London and serves more than 10 million users throughout the continent. Uphold distinguishes itself as one of the few European exchanges with an audited proof-of-reserves, ensuring customer funds are consistently held in a 1:1 ratio.
- Fees: Free Norwegian Krone (NOK) deposits on all methods except card, which is 2.49%. 0.8% - 1.2% for crypto trades.
- Supported Cryptocurrencies: 250 cryptocurrencies and 30+ cryptos available for staking.
- Regulation & Licensing: Globally regulated and available in 150+ countries.
- Customer Support Options: 24/7 support via live chat and email.
- NOK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
3. Bybit
Bybit is a derivatives trading platform offering perpetual contracts for Bitcoin, Ethereum, Solana, AVAX and 300 other currencies. They aim to provide a secure and reliable trading experience with high-speed performance and advanced tools. Their platform offers competitive fees and a variety of order types that are suitable for both beginner and experienced traders.
- Fees: 0.075% maker fee and 0.075% taker fee.
- Supported Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), EOS, XRP.
- Regulation & Licensing: Regulated under the British Virgin Islands Financial Services Commission.
- Customer Support Options: 24/7 multi-lingual customer support via live chat and email.
- NOK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA and various crypto wallets.
4. Crypto.com
Crypto.com is a one-stop shop for buying, selling, staking and trading cryptocurrencies. It provides its users with access to over 100 different digital assets, as well as debit/credit cards and merchant services. Crypto.com is available in Norway, offering secure solutions to buy, sell and store crypto with low fees.
- Fees: 0.1% - 0.2% maker fee and 0.2% - 0.4% taker fee.
- Supported Cryptocurrencies: Over 100 digital assets available for trading and 30+ for staking on Crypto.com Earn.
- Regulation & Licensing: Licensed by the Financial Services Commission of Gibraltar and regulated by FINMA in Switzerland.
- Customer Support Options: 24/7 customer support via live chat and email.
- NOK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA and various crypto wallets.
5. NBX
NBX is an independent Norwegian-based cryptocurrency exchange that provides users with access to a wide range of digital assets. NBX's platform is regulated by the Financial Supervisory Authority of Norway and all funds are held in bank accounts within Europe. It offers competitive fees, high liquidity and secure solutions to buy, sell and store crypto with low fees.
- Fees: 0.2% maker fee and 0.6% taker fee.
- Supported Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC), Dogecoin (DOGE) and 50 more.
- Regulation & Licensing: Regulated by the Financial Supervisory Authority of Norway.
- Customer Support Options: 24/7 customer support via chat, email and phone.
- NOK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA and various crypto wallets.
Is it Legal to Buy Crypto in Norway?
Yes, it is legal to buy cryptocurrencies in Norway. The Norwegian Financial Supervisory Authority (Finanstilsynet) is the regulatory body responsible for overseeing cryptocurrency activities in Norway.
The Norwegian government has taken a progressive approach towards cryptocurrencies and has implemented regulations aimed at protecting consumers while fostering the growth of the cryptocurrency industry. In Norway, crypto exchanges and other businesses that offer cryptocurrency-related services must register with Finanstilsynet and comply with regulations on anti-money laundering (AML) and counter-terrorism financing (CTF).
How is Crypto Taxed in Norway?
The taxation of cryptocurrency in Norway depends on the specific circumstances of the transaction. In general, the Norwegian Tax Administration considers cryptocurrency to be a form of property, and the sale or exchange of cryptocurrency is subject to capital gains tax.
If you sell or exchange cryptocurrency for a profit, you may be required to pay capital gains tax on the profit. The tax rate will depend on your tax bracket and the length of time that you held the cryptocurrency. For example, if you held the cryptocurrency for less than one year, the profit will be taxed at your regular income tax rate. If you held the cryptocurrency for more than one year, the profit will be taxed at a lower rate of 22%.
How to Buy Bitcoin and Crypto in Norway
If you're a newcomer eager to venture into the cryptocurrency market in Norway, follow this concise step-by-step guide to make your first secure and legal purchase:
- Choose a trusted exchange: Select a platform complying with Norwegian regulatory standards, such as the examples in our guide.
- Register: Sign up with your email, create a password, and complete the verification process.
- Deposit NOK: Fund your account using Norwegian Bank Transfer, debit card, credit card, or other methods.
- Purchase crypto: Choose the cryptocurrency you wish to acquire, specify the investment amount, and carry out your trade.
- Protect your assets: Move your digital currencies to a digital asset wallet to uphold optimal security and custody practices.
By following these steps and choosing a reputable exchange, you can confidently delve into cryptocurrency investment in Norway.
Final Thoughts
In summary, investing in cryptocurrencies in Norway is safe and easy with regulated platforms such as eToro, Uphold, Bybit, Crypto.com, and NBX. These exchanges offer a broad spectrum of cryptocurrencies, competitive fees, and varied deposit methods. The Norwegian government's progressive stance promotes secure investment and growth in the crypto sector.
Whether you're a novice or an institutional investor, buying crypto in Norway is straightforward. Remember to adhere to asset protection best practices and understand the tax implications of your crypto transactions.
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