Best Crypto Exchanges in Sweden

Summary: In Sweden, buying Bitcoin and other cryptocurrencies is safe and easy through exchanges that comply with the Swedish Financial Supervisory Authority (SFSA) or equivalent regulations. Swedish investors can utilize various payment methods, such as bank transfers, Swish payments, SEPA payments, and Swedish online banking services, to deposit Swedish Krona (SEK) and participate in buying, staking, and trading crypto assets within a regulated framework.

To help you get started, our specialists have assessed over 30 platforms and compiled a list of the top 5 exchanges in Sweden. Here are the top options available to you:

eToro - Best Overall Crypto Exchange in Sweden
Uphold - Best Alternative Exchange in Sweden
Binance - Best Crypto Exchange for Altcoins
Bybit - Best Crypto Derivatives Exchange
Coinbase - Best Global Crypto Exchange

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Website

Best Crypto Exchange in Sweden

5.0 out of 5.0 by Datawallet.

eToro stands out as the best and safest platform in Sweden, offering a wide variety of assets and user-friendly features, while adhering to stringent Swedish and European financial regulations.

SEK Deposit Methods

Bank Transfer, Swish, SEPA Transfer, Debit Card, Credit Card and more.

Supported Assets

3,000 Cryptos, Stocks, ETFs, Commodities & more.

Licensing and Regulation

Licensed and Regulated by the European Securities and Markets Authority (ESMA).

Top Crypto Trading Platforms in Sweden

To determine the top crypto exchanges in Sweden, we evaluated over 50 platforms using a comprehensive methodology. We considered important factors such as compliance with Swedish regulations, available assets, user-friendliness, deposit options in SEK, fees, and others. Our analysis led to the compilation of a list of the top five exchanges for Swedish investors.

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1. eToro

eToro is the top overall Swedish crypto platform, presenting a vast array of assets, encompassing over 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. With cutting-edge social trading functionalities such as Copy Trading and a Virtual Account for practice, it distinguishes itself from rivals.

As a European Securities and Markets Authority (ESMA) regulated broker, eToro draws millions of investors in Sweden and across Europe. The platform is highly regarded among Swedish investors because it is user-friendly and provides affordable SEK deposit options via SEPA payments, online banking services, and debit cards. Furthermore, eToro offers competitive fees, with no initial commissions and narrow spreads on assets.

Fees: Free deposits & withdrawals, 0% commissions and 1% average 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 and Markets Authority (ESMA)
Customer Support Options: 24/7 support via live chat, email & online ticketing system.
SEK & EUR Deposit Methods: Bank Transfer, SEPA Transfer, Credit/Debit Card, Swish Payments, Neteller, Rapid Transfer & Trustly.

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2. Uphold

Uphold ranks as a top alternative to eToro for Swedish investors, excelling in providing real-time audited proof of reserves for customer funds. This makes it a secure platform to trade over 200 cryptocurrencies with fast and cost-effective Swedish Krona (SEK) deposits from any Swedish bank or payment method.

Uphold also offers a broad selection of stocks, ETFs, and metals, as well as a secure crypto staking platform supporting 30+ assets for depositing and earning interest. Regulated by the SFSA in Europe, Uphold ensures a dependable and trustworthy experience for Swedish users.

Fees: Free Swedish Krona (SEK) deposits on all methods except card, which is 2.49%. 0.8% - 1.2% for crypto trades.
Supported Cryptocurrencies: 210 cryptocurrencies.
Regulation & Licensing: Globally regulated and available in 150+ countries.
Customer Support Options: 24/7 support via live chat and email.
SEK Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.

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3. Binance

Binance is the world’s largest cryptocurrency exchange and offers some of the best trading fees on the market. It also supports fiat-to-crypto trading with SEK support, making it easy to get started with buying and selling cryptocurrencies in Sweden. Binance also offers advanced trading features such as margin trading, futures and derivatives. They are one of the few exchanges that offer a wide range of off-shore products that can be used for high leverage trades.

Fees: 0.1% on spot markets and maker/taker rebate is 0.02%/0.04%. SEK Deposit & withdrawal fees vary between 0.5% - 1.8%.
Supported Cryptocurrencies: 350+ crypto assets and 100+ cryptos available for staking.
Regulation & Licensing: Off-shore and unregulated entity.
Customer Support Options: 24/7 support via live chat, email & online ticketing system.
SEK Deposit Methods: Advcash, Etana, Bank Transfer, SEPA & Credit/Debit Card.

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4. Bybit

Bybit is a cryptocurrency derivatives exchange that allows users to trade with up to 100x leverage on the most popular digital assets. They offer fast, low-cost deposits & withdrawals in SEK and their platform is one of the most secure out there, with advanced features such as 2FA, cold storage and audited proof of reserves. Bybit is one of the only exchanges in the world that required no KYC or identity verification, which means you can sign up with an email address and password only.

Fees: Zero fees for Swedish Krona (SEK) deposits and withdrawals. 0% fees on spot markets (limited time only, normal rate is 0.1%) and the maker/taker rebate is 0.01%/0.06%.
Supported Cryptocurrencies: 400+ cryptocurrencies and 50+ available for staking.
Regulation & Licensing: Off-shore and unregulated entity.
Customer Support Options: 24/7 support via live chat, email, ticketing system, phone and online communities.
SEK Deposit Methods: Wise, Credit Card, Debit Card, SEPA, Paysera, Bank Transfer, Revolut, iDEAL, Maestro & Google Pay.

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5. Coinbase

Coinbase is one of the most popular crypto exchanges out there and is the best choice for beginners due to its intuitive user interface and easy sign-up process. They offer SEK support for deposits and withdrawals, however their fees are some of the highest in the industry. Coinbase even offers a free crypto trading demo account so you can practice before taking on real market risk. It also supports several popular cryptocurrencies such as Bitcoin, Ethereum, Solana, AVAX and 100 more, and is a great place to start trading crypto in Sweden.

Fees: 2% fees to deposit and withdraw SEK on Coinbase. 1.49% fee to trade assets on their platform.
Supported Cryptocurrencies: 100+ cryptocurrencies and 20+ available for staking.
Regulation & Licensing: Highly regulated entity with licenses around the world from Tier 1 regulators including FINRA, the SEC, CySEC & ESMA.
Customer Support Options: 24/7 support via live chat and email
SEK Deposit Methods: Bank Transfer and Debit Card or Credit Card.

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Is Crypto Regulated in Sweden?

Yes, cryptocurrency is regulated in Sweden. The Swedish Financial Supervisory Authority (FSA) oversees the regulation of digital currencies in the country. The FSA aims to protect consumers and promote market integrity, and as such, it has implemented rules and guidelines for cryptocurrency exchanges operating in Sweden.

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How is Crypto Taxed in Sweden?

In Sweden, crypto investing is taxed as capital gains. If you make a profit from selling or exchanging cryptocurrency, you will be subject to capital gains tax. However, if you hold cryptocurrency as a personal investment and don't sell or exchange it, you will not be subject to tax. It's important to note that the tax treatment of cryptocurrency may vary depending on the specific circumstances and it's always a good idea to consult with a tax professional for advice on your specific situation.

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How to Buy Bitcoin and Crypto in Sweden

If you're an investor looking to purchase Bitcoin or other digital currencies in Sweden, below is a straightforward, step-by-step guide to ensure a seamless and secure transaction process:

Pick a regulated platform: Select an exchange that adheres to the Swedish Financial Supervisory Authority (Finansinspektionen) regulations, such as eToro, Coinbase, or others.
Establish and confirm your account: Sign up by supplying your email address, generating a secure password, and meeting the KYC requirements by presenting identification documents and proof of residence.
Deposit SEK: Load funds into your account using options like bank transfers, SWISH, Swedish online banking services, or debit/credit cards.
Acquire cryptocurrency: Select your desired digital currency and specify the amount to purchase in SEK or cryptocurrency. Confirm the transaction, and the platform will execute your order.
Safeguard your cryptocurrency: Transfer your assets to a private wallet, for instance, a software (mobile or desktop) or hardware wallet, for enhanced security.

By adhering to these steps and selecting a trustworthy, regulated cryptocurrency platform, you can safely and efficiently purchase cryptocurrencies in Sweden. Always be sure to protect your personal information and wallet credentials, and remember to carry out thorough research before investing in any digital asset.

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Conclusion

In summary, Sweden offers a safe and regulated environment for buying and trading cryptocurrencies, with a variety of exchanges available for different investor needs. The top 5 exchanges in Sweden include eToro, Uphold, Binance, Bybit, and Coinbase, each offering unique features and benefits.

Ensure you consider factors such as fees, supported assets, and deposit options before choosing the right platform for your investment journey. Remember that cryptocurrency trading is regulated in Sweden, and profits are subject to capital gains tax, so consult a tax professional for personalized advice.

Author

Emily Shin

Web 3 Writer and Researcher

Web 3 writer with a passion for exploring the rapidly evolving world of decentralized finance (DeFi), non-fungible tokens (NFTs), GameFi, and the broader crypto culture.