Best Crypto Exchanges in Norway

Best Crypto Exchanges in Norway

Discover the best crypto exchanges in Norway with our detailed guide, focusing on regulation, user experience, and investment diversity.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Summary: In Norway, the key strategy for investing in Bitcoin and other cryptocurrencies revolves around utilizing exchanges that adhere to the regulations set forth by the Financial Supervisory Authority of Norway. These sanctioned platforms enable the easy deposit of Norwegian Krone (NOK) through popular payment methods, including bank transfers, mobile payment solutions, and commonly used credit or debit cards.

To guide you effectively, we have analyzed the top 5 exchanges accessible to Norwegian residents. These exchanges are recognized as the most trustworthy and dependable choices for those looking to engage in the digital currency market within Norway.

  1. eToro - Best Crypto Exchange in Norway
  2. Bybit - Best Derivatives Trading Platform
  3. Kraken - Best for Asset Transparency
  4. Binance - Best Platform for Beginners
  5. NBX - Best Norwegian Crypto Exchange
Best Crypto Exchange in Norway
5.0 out of 5.0 by Datawallet.
eToro is the best exchange for Norwegian customers interested in cryptocurrency as it offers competitive fees, multiple asset classes, instant NOK deposits and a secure and regulated trading environment.
NOK Deposit Methods
Bank Transfer, PayPal, Klarna, Debit Card, Credit Card and more.
Supported Assets
4,500 Cryptos, Stocks, ETFs, Commodities & more.
Licensing and Regulation
The FCA, CySEC, ASIC and other Tier-1 Regulators.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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Best Cryptocurrency Exchange in Norway

Our comprehensive analysis of over 20 cryptocurrency platforms has led us to pinpoint the top five most suitable for Norwegian investors. This evaluation focuses on aspects such as adherence to regulations set by the Financial Supervisory Authority of Norway (Finanstilsynet) and other pertinent local authorities, the supported assets, user-friendliness, facilities for utilizing the Norwegian Krone (NOK), and the cost structure. After our detailed examination, we have identified the 5 best digital asset exchanges in Norway.

Trading Fees
Deposit Methods
Key Features
4,500+ (Crypto, Stocks & ETFs
0% Fees and Variable Spread (1% Average)
Bank Transfer, SEPA, Debit/Credit Card & More
Multiple Asset Classes & Most Regulated
0.01% Maker Fee and 0.06% Taker Fee
Bank Transfer, SEPA, Debit/Credit Card & More
Staking, Futures, Options, Lending & More
Maker Fees 0.016% & Taker Fees 0.26%
SEPA, Debit Card & Credit Card
Spot Trading, Futures, Staking & More
0.1% Spot Fee and 0.5% Spread
Bank Transfer, Debit Card & Credit Card
Derivatives, Earn, Staking, BNB Chain & More
0.2% Maker Fee and 0.7% Taker Fee
SEPA, BankID, Debit Card & Credit Card
OTC Desk, Staking & More

1. eToro

eToro is Norway's most popular investment platform, offering a wide selection of over 4,500 financial instruments. Its portfolio includes leading cryptocurrencies like Bitcoin, Ethereum, and Solana, as well as sought-after crypto stocks such as Coinbase. eToro also offers unique Bitcoin ETFs from respected firms like iShares by Blackrock, giving Norwegian investors diverse options to grow their portfolios.

Designed for Norwegian users, eToro streamlines the NOK deposit process, adhering to Norway's rigorous regulatory requirements. The platform supports a variety of investment styles with multiple deposit methods, including local bank transfers and credit/debit cards. Its competitive fees and attractive spreads make eToro the top choice for investing in cryptocurrencies and ETFs in Norway.

  • Fees: eToro uses a variable spread fee model, around 1%, suitable for Norwegian investors.
  • Supported Assets: With over 4,500 assets, including major cryptocurrencies, innovative ETFs, and a wide range of stocks, eToro meets the diverse investment needs in Norway.
  • Regulatory & Licensing: eToro complies with the regulatory standards of Norwegian and European financial authorities, ensuring a safe investment environment.
  • NOK Deposit Methods: Includes local bank transfers, SEPA, debit/credit cards, and other preferred Norwegian payment methods, enabling easy investor deposits.
eToro Norway

2. Bybit

Bybit is the Norway's second-leading cryptocurrency exchange, particularly valued by those trading in derivatives. With a wide array of digital assets and features designed for ease of use, Bybit serves both novice and experienced investors effectively. Its standout feature in Norway is the efficient and free local deposit options, accommodating NOK transactions seamlessly. The platform offers access to over 1,000 digital assets, catering to diverse investment strategies.

In addition to its comprehensive altcoin selection, Bybit excels in futures trading, providing up to 25x leverage and staking options, broadening investment avenues in Norway. Its competitive fees, including a maker fee of 0.01% and a taker fee of 0.06%, along with stringent security protocols, affirm Bybit's excellence for Norwegian investors. With a global user base exceeding 10 million, Bybit is renowned for its reliable service and extensive offerings.

  • Fees: Bybit maintains competitive rates with a maker fee of 0.01% and a taker fee of 0.06%.
  • Supported Cryptocurrencies: Offers a vast selection of over 1,000 digital assets, meeting a wide range of investment interests.
  • Regulation & Licensing: Adheres to European and Norwegian regulatory standards, ensuring a secure and compliant trading environment.
  • NOK Deposit Methods: Supports various methods including local bank transfers, debit and credit cards, ensuring convenient and cost-effective transactions for Norwegian users.

‍3. Kraken

Kraken stands as Norway's third-best cryptocurrency exchange, noted for its excellence in the institutional and retail crypto markets. With impressive quarterly trading volumes exceeding $207 billion, Kraken's significant footprint in Norway and Europe is undeniable. The platform supports trading and staking across more than 250 cryptocurrencies, including Bitcoin, Ethereum, and Solana, plus emerging tokens.

Norwegian investors value Kraken for its superior user experience, evidenced by high-rated mobile apps on the App Store and Google Play. Its staking offerings, with rewards up to 25% APY, are particularly appealing. Kraken Pro targets professional and institutional clients with competitive spreads, deep liquidity, and high deposit ceilings, affirming its reputation as a reliable and effective exchange for sophisticated trading strategies.

  • Fees: Competitive, with Maker Orders at 0.01% and Taker Orders at 0.02%.
  • Supported Assets: Broad, covering over 250 cryptocurrencies and numerous trading options.
  • Regulation & Licensing: Complies with European regulations, licensed by authorities like CySEC and the FCA, ensuring a secure trading framework.
  • NOK Deposit Methods: Offers a variety of options, including local bank transfers and credit/debit cards, to facilitate easy transactions for Norwegian investors.
Kraken Norway

4. Binance

Binance is renowned for its extensive cryptocurrency offerings, with over 350 coins available for trading, including popular coins and altcoins. This variety provides Norwegian beginners with ample opportunities to explore different market segments. Its user interface is tailored for ease of use, with simplified trading options and an intuitive mobile app. The platform offers educational resources through Binance Academy, helping new users understand the basics of crypto and trading principles. 

Additionally, its low trading fees and various deposit options, including bank transfers and credit cards compatible with NOK, make it an affordable and accessible option for newcomers in Norway. As the most popular platform in the world, with over 160 million users, its interface can be used in several languages, which includes Norwegian.

  • Fees: Variable deposit fees (based on method) and withdrawals are free. The spot trading fee is 0.1%, and the futures maker/taker rebate is 0.02%/0.07%.
  • Supported Assets: Buy and sell over 350 cryptocurrencies.
  • Regulation & Licensing: Registered to operate within Europe.
  • NOK Deposit Methods: Bank Transfer, Debit Card, Credit Card, and more.

5. NBX

NBX (Norwegian Block Exchange) is crafted to perfectly align with the Norwegian market's demands, offering an expansive selection of cryptocurrencies like Bitcoin, Ethereum, Cardano, Chainlink, and Litecoin, alongside innovative Real World Assets (RWA) NFTs, including precious stones such as rubies and sapphires. With its integration of BankID and Norwegian banking partnerships, NBX ensures smooth NOK transactions, enhancing convenience for both novice and seasoned investors.

The platform is distinguished by its commitment to regulatory compliance, under the oversight of the Financial Supervisory Authority of Norway, ensuring a trustworthy trading environment. The NBX mobile app facilitates on-the-go trading, available on both iOS and Android, providing a seamless and secure trading experience. Additionally, the upcoming NBX Visa Credit Card offers up to 4% Bitcoin cashback on purchases, presenting a novel way to accumulate cryptocurrencies.

  • Fees: 0.2% maker fee and 0.7 taker fee.
  • Supported Cryptocurrencies: Trade 50 digital assets.
  • Regulation & Licensing: Regulated by the Financial Supervisory Authority of Norway.
  • NOK Deposit Methods: Bank Transfer, BankID, Credit/Debit Card, SEPA and various crypto wallets.

Is Crypto Regulated in Norway?

In Norway, cryptocurrency operations, including buying, selling, holding, and trading, are legal, although cryptocurrencies are not recognized as legal tender. The Financial Supervisory Authority of Norway (Finanstilsynet) and the Central Bank of Norway (Norges Bank) are the key regulators overseeing cryptocurrency transactions in the country.

For tax purposes, cryptocurrencies are typically classified as assets within Norway. Companies that facilitate crypto-to-fiat exchanges and offer custody services are required to adhere to strict anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The Financial Supervisory Authority of Norway plays a critical role in supervising digital asset activities, ensuring that financial practices comply with established regulations.

Is Crypto Taxed in Norway?

In Norway, cryptocurrency transactions are indeed subject to taxation. The Norwegian Tax Administration (Skatteetaten) is the responsible authority for overseeing these matters. Gains from digital asset transactions are treated as capital gains and taxed accordingly under the Income Tax Act. The tax rates for such gains in Norway are progressive, with the percentage depending on the total income, including profits from cryptocurrencies.

Mining activities are classified as business income and are taxed under standard income tax regulations. Earnings derived from staking activities are also subject to taxation, categorized as investment income at similar rates. Norwegian residents must declare their crypto holdings in their annual tax declarations if the total value exceeds a specified limit. Given the evolving nature of cryptocurrency regulations, Norwegian investors and traders need to stay informed about the latest tax rules and reporting requirements to ensure compliance with their financial obligations.

Bottom Line

Our exploration of over 20 cryptocurrency platforms tailored for the Norwegian market culminates in the identification of the top five exchanges that excel in regulatory compliance, asset diversity, user experience, and financial efficiency. These platforms align with the Financial Supervisory Authority of Norway's standards, offering secure and diverse investment opportunities. The best exchanges, including eToro for its comprehensive financial instruments and Bybit for derivatives trading, alongside Kraken, Binance, and NBX, provide a robust infrastructure for engaging with digital currencies in Norway.

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