Best Crypto Exchanges in Sweden

Best Crypto Exchanges in Sweden

Learn which cryptocurrency platforms are best for Swedish investors, featuring strict adherence to regulatory guidelines and SEK deposits.

Summary: Swedish investors interested in digital asset trading must find a regulated exchange that complies with regulations set by the Financial Supervisory Authority (Finansinspektionen). Engaging with a legally compliant trading platform ensures adherence to local laws and provides users with easy SEK payment options such as Swish, Klarna, bank transfers and debit or credit cards.

For beginners in digital asset investment, we have reviewed several platforms to identify the best cryptocurrency exchanges available in Sweden:

  1. Bybit - Best Crypto Exchange in Sweden
  2. KuCoin - Popular Altcoin Trading Platform
  3. Gate.io - Most Diverse Crypto Selection
  4. Safello - Leading Swedish Crypto Exchange
  5. OKX - Best for Web 3 Compatibility
Best Crypto Exchange in Sweden
5.0 out of 5.0 by Datawallet.
Bybit excels in Sweden with its vast selection of over 930 digital assets, regulatory compliance, user-friendly design, and competitive fees, catering to all crypto investors.
Available Markets
930+ Cryptocurrencies via Spot, Options and Futures.
Free SEK Deposits & 0.1% Trading Fees.
SEK Deposit Methods
Bank Transfers, Debit Card, Credit Card, Wise and more.

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Best Cryptocurrency Exchange Sweden

Our expert team has reviewed over 20 digital asset exchanges and discovered the top five options for investors in Sweden. This evaluation process considers factors like compliance with regulations established by the Finansinspektionen, fee schedules, supported cryptocurrencies, and available Swedish Krona (SEK) deposit methods. To find the platform that best matches your investment goals, refer to our comparison table below.

Trading Fees
Deposit Methods
Key Features
Maker Fees 0.01% and Taker Fees 0.06%
Bank Transfer, SEPA, Debit Card & More
Staking, Options, Futures, Lending & More
0.1% Spot Trading Fee
Debit/Credit Card, Apple/Google Pay & More
Staking, KCS Token, Futures, & More
0.1% Trading Fees and 0.1% Spread
Bank Transfer and Credit Card
Widest Altcoin Variety, Futures, Options & More
1-5% Based on Volume (Very High)
Bank Transfer, BankID, Debit Card & Credit Card
Swedish Language Support
0.1% Trading Fees and 0.1% Spread
Bank Transfer & Debit or Credit Card
Options, Futures, OKX Wallet, DeFi Support & More

1. Bybit

Bybit is the leading crypto exchange in Sweden, offering an extensive portfolio of over 1000 digital assets to its diverse user base of 30 million in over 160 countries. The platform's ease of depositing Swedish Krona (SEK) through local methods like Zen and SEPA, plus its multilingual interface available in Swedish, makes it the most suitable option for local investors. It regularly publishes its reserves to highlight that all assets are held on a 1:1 basis.

The platform's unique selling point lies in its extensive range of cryptocurrencies and perpetual contract offerings, which provide up to 100x leverage and deep liquidity. It offers competitive fees with a maker fee at 0.01% and a taker fee at 0.06% for futures and a 0.1% fee for spot markets. Alongside trading, Bybit provides lending, borrowing and staking services, allowing users to earn yields on their idle assets with APY up to 140% available.

  • Fees: The platform has a 0.01% maker fee and a 0.06% taker fee.
  • Supported Cryptocurrencies: Trade over 1000 digital assets.
  • Regulation & Licensing: Compliant with CySEC for European investors and available in Sweden.
  • SEK Deposit Methods: Bank Transfers, BankID, Zen, SEPA, Debit/Credit Cards, Samsung Pay, Google Pay, and Apple Pay.

2. KuCoin

KuCoin is a popular crypto trading platform that specialises in altcoins, memecoins and GameFi/Metaverse tokens, supporting over 700 digital assets to trade on spot and futures markets with 50x leverage. It extends its services across more than 200 countries, including Sweden with a user base exceeding 30 million users. Thanks to this global accessibility, it provides 24/7 customer support in several languages, including Swedish.

The exchange provides users with transparency through mechanisms such as audited proof-of-reserves, ensuring every digital asset is fully backed. Whether using its web interface or mobile app, KuCoin is designed for ease of use across different devices. In addition to investing, it provides lucrative staking options that give users the ability to earn up to 80% in yields with both fixed and flexible terms supported.

  • Fees: The trading fee is 0.1%, which can be reduced with higher trading volumes or by staking the exchange’s native KCS token.
  • Supported Cryptocurrencies: Over 700 digital assets.
  • Regulation & Licensing: Not regulated in Sweden but is available to use and access.
  • SEK Deposit Methods: Bank transfers, SEPA, and credit or debit card payments.

3. Gate.io

Gate.io has established itself as a premier cryptocurrency exchange in Sweden, known for its impressive selection of over 1,700 digital currencies. It is also appealing due to its competitive fees, starting at just 0.1% for spot trades and a maker/taker rebate that gets negative for users with high monthly trading volumes. The platform supports a wide range of SEK deposit methods and provides a Swedish interface, further enhancing its appeal.

With a significant 24-hour trading volume surpassing $5 billion and a community of more than 14 million users, Gate.io demonstrates its strong presence and popularity in the global crypto scene. The platform further enhances user experience with unique features like trading bots, staking options, lending and borrowing services, and a dedicated startup section.

  • Fees: Beginning at 0.1% for maker orders and 0.2% for taker orders on spot markets.
  • Supported Cryptocurrencies: More than 1,700 digital assets.
  • Regulation & Licensing: Operates offshore in the Seychelles. While it's not directly licensed in Sweden, it remains accessible to Swedish users.
  • SEK Deposit Methods: Supports local bank transfers, debit cards, credit cards, PayPal and Apple Pay.
Gate.io Sweden

4. Safello

Safello is a local exchange based in Stockholm and established in 2013, popular for its robust features and strong compliance record. The platform offers accessibility through its desktop platform and mobile app with fast transaction speeds, along with a secure Safello Wallet for storing digital assets. However, potential users should be aware of its high fee structure, which follows a tiered, volume-based model, starting at a minimum fee of 35 SEK for buying and selling.

Operating under the oversight of Sweden's Financial Supervisory Authority and utilizing advanced Fireblocks MPC-technology, the platform meets the highest industry security standards. Its credibility is further bolstered by its listing on the Nasdaq First North Growth Market since 2021, making it a reliable but pricier option for those entering the crypto space.

  • Fees: Tiered volume-based fees for buying/selling range from 1% to 5%, with additional withdrawal and administrative fees.
  • Supported Cryptocurrencies: Supports 50 cryptocurrencies.
  • Regulation & Licensing: Registered with the Swedish Financial Supervisory Authority.
  • SEK Deposit Methods: Mobile BankID.

5. OKX

OKX is a cryptocurrency trading platform that focuses on DeFi and Web3 applications that has its own native blockchain, OKTC. Its integrated OKX Wallet is useful for those interested in DeFi, as it connects with popular protocols like AAVE and Uniswap to generate high yields. Supporting over 300 crypto assets, OKX provides more than just spot trading, it's a go-to platform for futures, options, and margin trading with leverage options up to 100x available.

Although OKX is based in Seychelles and adheres to its local regulations, it's fully accessible and enjoys popularity among Swedish investors but does not provide live customer support in the language. It's tailored to service institutional traders and DeFi enthusiasts, thanks to its robust API functionalities and compatibility with web3 protocols, plus unique featurs like on-chain yield farming and an NFT marketplace.

  • Fees: 0.1% maker fee and a 0.2% taker fee, with a standard 0.1% fee for spot trading.
  • Supported Cryptocurrencies: The platform offers a rich variety of over 300 digital assets, extending to futures and leveraged trading options.
  • Regulation & Licensing: While OKX is based in Seychelles, it is accessible in Sweden and complies with European financial guidelines.
  • SEK Deposit Methods: Bank transfers, debit and credit cards, Apple Pay and Google Pay.
OKX Sweden

Is Crypto Regulated in Sweden?

Sweden has a complex stance on cryptocurrency regulation, split by opposing views from different government bodies. The Finansinspektionen (FI) cautions the public about the high risks involved in cryptocurrency investments, emphasizing their lack of intrinsic value and reliable valuation. Conversely, the Riksbank, Sweden's central bank, actively supports digital currency innovation and is exploring the development of an "e-krona," a digital form of the national currency.

In practice, Sweden is largely a cashless society, and even the state's Pension Fund AP7 indirectly invests in Bitcoin. Importantly for investors, buying and selling of digital assets are permitted through approved exchanges in Sweden, notwithstanding the regulatory warnings.

While some Swedish agencies like the FI advise caution, other institutions and practical societal behaviors suggest a more accepting attitude toward cryptocurrencies.

Is Crypto Taxed in Sweden?

Cryptocurrencies are considered taxable financial instruments, and residents must report all transactions to the Swedish Tax Agency (Skatteverket). Profits from cryptocurrency trading are subject to a 30% capital gains tax, while losses are deductible up to 70%. For long-term holdings, these assets are considered income from business operations and are taxed between 20.6% and 22%

The country also has a progressive income tax model, with two main brackets: those earning less than 523,200 Swedish Kroner per year are taxed at a municipal rate of 32% and a national rate of 0%. Those earning more face a combined tax rate of 52%, making Sweden one of the highest tax-paying countries globally. Given these high tax rates and strict regulations, it is crucial for Swedish residents to meticulously record and report all crypto transactions to avoid legal repercussions.

Bottom Line

In conclusion, for effective cryptocurrency investment in Sweden, it's essential to select platforms that align with local regulatory standards and support SEK deposits. Our top picks, including Bybit, Uphold, Gate.io, Safello, and OKX, stand out for their regulatory adherence, diverse digital asset offerings, features and services, ease of use, and competitive fee structures. These exchanges provide a comprehensive and secure environment for engaging in cryptocurrency transactions.

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