Best Crypto Exchanges in Sweden
Discover how to make secure and compliant investments in Sweden with our guide to the best crypto exchanges. Get expert advice for a confident crypto journey.
Summary: In Sweden, the optimal approach to invest in Bitcoin and other digital assets is through platforms that comply with the regulations laid down by the Swedish Financial Supervisory Authority (Finansinspektionen) and the Sveriges Riksbank. Such accredited exchanges offer the advantage of depositing Swedish Krona (SEK) via BankID, Klarna, domestic bank transfers and popular payment methods like Swish and credit or debit cards.
To assist you in making an informed decision within the crypto market, we've evaluated the top 5 exchanges available to residents in Sweden. These platforms rise above the rest as the most trustworthy and reliable options.
Get the daily newsletter keeping 200,000 investors ahead of the market.
Best Cryptocurrency Exchange Sweden
After thoroughly reviewing over 20 exchanges, we've identified the top five perfect for investors in Sweden. Our assessment considers factors like compliance with regulations established by the Finansinspektionen or equivalent European authority, the variety of digital assets offered, overall ease of use, options for depositing Swedish Krona (SEK), and the fee structure. To find the exchange that best matches your cryptocurrency goals in Sweden, refer to our detailed list below.
1. Bybit
Bybit is the leading crypto exchange in Sweden, ideal for a range of investors from beginners to experts. It offers an extensive portfolio of over 930 digital assets, setting a high standard in the Swedish market. The platform's ease of depositing Swedish Krona (SEK) and strong security measures make it a top choice. Its interface is intuitive and easy to use, with various popular features like crypto staking (earn interest), lending and much more.
The platform's unique selling point lies in its extensive range of cryptocurrencies and perpetual contract offerings, which provide up to 25x leverage and deep liquidity. This positions Bybit as a complete platform for engaging in varied crypto investment activities. Offering competitive fees with a maker fee at 0.01% and a taker fee at 0.06%, and serving over 10 million users, Bybit is recognized as a secure and proficient exchange, meeting the diverse needs of Swedish crypto investors.
- Fees: The platform has a 0.01% maker fee and a 0.06% taker fee.
- Supported Cryptocurrencies: Bybit boasts over 930 digital assets.
- Regulation & Licensing: Compliant with CySEC for European investors and available in Sweden.
- SEK Deposit Methods: Includes bank transfers, BankID, debit/credit cards, Google Pay, and Apple Pay.
.webp)
2. Uphold
Securing our second-place recommendation for Swedish cryptocurrency enthusiasts is Uphold, a versatile platform with a global reach of over 150 countries and more than 10 million users. With an expansive offering of over 250 digital assets, Uphold stands as a worthy contender to eToro. One feature that sets it apart is its simplified staking capabilities, allowing investors to earn up to 25% APY on a diverse range of up to 30 cryptocurrencies.
Uphold scores high on the transparency and trustworthiness scale. Registered with top financial authorities globally, it also complies with European regulatory standards, including those set by Sweden's Financial Supervisory Authority (Finansinspektionen). The platform offers audited proof-of-reserves, meaning all its digital assets have 1:1 backing, making it a transparent and trustworthy choice for crypto investment. Whether you prefer to trade on the web, iOS, or Android, Uphold offers a seamless experience across all platforms.
- Fees: Uphold charges a 1% fee for trading activities, in addition to a 1% spread fee.
- Supported Assets: The platform has an extensive portfolio of 250+ digital assets, four types of precious metals, and 27 fiat currencies.
- Regulation & Licensing: Uphold is fully compliant with European regulations and is registered in the Republic of Lithuania.
- SEK Deposit Methods: Various options are available, such as bank transfers, SEPA, Google Pay, Apple Pay, and credit/debit cards.
3. Gate.io
Gate.io has established itself as the premier cryptocurrency exchange in Sweden, renowned for its vast altcoin offerings. This platform stands out with its impressive selection of over 1,700 cryptocurrencies, making it an ideal choice for those keen on trading a wide array of digital assets. In the Swedish crypto market, Gate.io is particularly appealing due to its competitive fees, starting at just 0.1% for spot trades.
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 cryptocurrency arena. The platform further enhances user experience with unique features like trading bots and a dedicated startup section, offering Swedish users a range of exciting market opportunities, including unique trading events and competitions specifically designed for their interests.
- Fees: Gate.io provides competitive fees, beginning at 0.1% for maker orders and 0.2% for taker orders.
- Supported Cryptocurrencies: Features an extensive collection of over 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 more.
4. Safello
Safello, established in 2013 and based in Sweden, secures the fourth spot on our list for its robust features and strong compliance record. The platform offers a user-friendly mobile app and industry-leading transaction speeds, along with a secure Safello Wallet for storing digital assets. However, potential users should be aware of Safello's high fee structure, which follows a tiered, volume-based model, starting at a minimum fee of 35 SEK for buying and selling.
Notably, Safello stands out for its stringent commitment to security and regulation. 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: Safello offers 50 digital assets, including Bitcoin, Ethereum, Chainlink, Polkadot, Polygon, Algorand, Uniswap, and USD Coin.
- Regulation & Licensing: Registered with the Swedish Financial Supervisory Authority, Safello adheres to the highest industry standards.
- SEK Deposit Methods: Payments are fast and straightforward, facilitated through Mobile BankID.
5. OKX
For those interested in a wide array of trading options, OKX comes in fifth on our list for Sweden. Known for its expansive suite of over 300 crypto assets, OKX provides more than just spot trading; it's a go-to platform for futures, options, and margin trading. Its integrated OKX Wallet is particularly useful for those eager to dive into decentralized finance (DeFi), as it connects with popular protocols like AAVE and Uniswap to generate high yields.
Although OKX is based in Seychelles and adheres to its local regulations, it's fully accessible and enjoys popularity among Swedish investors. It's especially tailored to meet the needs of institutional traders and DeFi enthusiasts, thanks to its robust API functionalities and compatibility with web3 protocols.
- Fees: OKX features a 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: The platform offers several deposit methods popular in Sweden, including bank transfers, debit and credit cards.
Is Crypto Regulated in Sweden?
Sweden has a complex stance on cryptocurrency regulation, marked by diverging 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.
Overall, 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 cryptocurrency transactions to avoid legal repercussions.
How to Buy Bitcoin and Crypto in Sweden
Interested in acquiring Bitcoin or other digital assets in Sweden? Here’s a concise guide to ensure you transact securely and in compliance with local regulations:
- Opt for a Regulated Exchange: Pick an exchange approved by Sweden's Financial Supervisory Authority (Finansinspektionen) or another European regulatory body.
- Set Up and Confirm Your Account: Use a valid email to register and create a strong password. Complete the KYC process by submitting the necessary identification and proof of residence.
- Deposit Funds in Swedish Krona: Use popular local options like Swish, Bankgiro, or standard bank transfers. Credit and debit cards are also widely accepted.
- Make Your Purchase: In the trading section, select the crypto you wish to buy, set the amount in Swedish Krona or the crypto, and approve the transaction.
- Safeguard Your Investment: Transfer your new cryptocurrencies to a private, encrypted wallet for enhanced security.
By adhering to these steps and choosing a regulated exchange, you're setting yourself up for a secure and compliant digital asset investment in Sweden. Always prioritize your data and wallet security, and make informed investment choices.
Bottom Line
In summary, for effective cryptocurrency investment in Sweden, it's essential to select platforms that align with local regulatory standards and offer a user-centric approach. Our top picks, including Bybit, Uphold, Gate.io, Safello, and OKX, stand out for their regulatory adherence, diverse digital asset offerings, ease of use, and competitive fee structures.
Catering to a range of investor profiles, these exchanges provide a comprehensive and secure environment for engaging in cryptocurrency transactions in Sweden. Making informed decisions is crucial in this dynamic investment landscape, and choosing the right platform is key to achieving your investment objectives.
.webp)
.webp)