Can I Buy Crypto with Klarna?

Yes, you can buy cryptocurrencies, such as Ethereum, Tether and Solana using Klarna through regulated digital asset exchanges accepting it as a payment method. Klarna doesn't directly offer crypto trading but allows transfers to supported platforms.

To purchase crypto, register with a European crypto platform, complete identity verification, and use Klarna at checkout to deposit funds. After depositing, you can directly buy cryptocurrencies like Bitcoin or Ethereum.

How to Buy Bitcoin with Klarna

Klarna users can securely purchase cryptocurrencies by funding an account with trusted digital currency platforms accepting transfers in their deposit currencies, such as EUR, DKK, NOK, PLN, CHF and GBP.

Bybit is currently applying for the MiCA (Markets in Crypto-Assets Regulation) license and is accessible from every country in Europe. It accepts Sofort deposits in Euros and other local currencies.

Here’s a step-by-step guide on how to buy Bitcoin using Klarna:

1. Create Account: Visit Bybit’s official website and complete the sign-up process. You'll need to provide identification documents (passport or driving licence) for mandatory identity verification.
2. Deposit Funds: Log into your account, go to the 'Deposit' section, and select Klarna as your preferred payment method. Enter the amount you wish to deposit and confirm the transaction.
3. Search for Bitcoin (BTC): In the trading dashboard, use the search bar to locate Bitcoin by typing "BTC". Click the Bitcoin trading pair (e.g., BTC/EUR or BTC/GBP) to proceed.
4. Execute Purchase: Enter the amount of Bitcoin you wish to buy, review all transaction details carefully and confirm your order.

Sofort & Klarna Cryptocurrency Policy

​Klarna is actively exploring cryptocurrency integration into its platform. CEO Sebastian Siemiatkowski, previously skeptical of cryptocurrencies, publicly announced Klarna's intention to "embrace crypto," signaling a significant change in the company's stance.

Potential avenues for integration include enabling digital asset payments for merchants, developing a built-in crypto wallet within the Klarna app, and leveraging stablecoins to enhance transaction efficiency. However, Klarna has clarified that it does not intend to offer "Buy Now, Pay Later" services for cryptocurrency purchases.

As for now, Klarna supports cryptocurrency transactions indirectly through partnerships with multiple crypto exchanges. While the company itself does not directly sell or custody crypto assets, it enables users to securely deposit funds into integrated crypto platforms via Sofort.

Cryptocurrency Exchange Fees

Before purchasing cryptocurrencies using Klarna, it’s essential for investors to understand the various fees exchanges charge. Fees typically include deposits, withdrawals, and trading costs, and these can differ widely between platforms.

• Deposit Fees: Depositing funds with Klarna onto supported crypto exchanges generally incurs no extra fees. 
• Withdrawal Fees: Most platforms allow withdrawals back through bank accounts at minimal or zero cost. However, withdrawal fees can vary by exchange and the chosen currency, so checking each platform’s specific policies is advisable.
• Trading Fees: Trading costs are significantly different among platforms. Bybit typically charges low spot trading fees, around 0.1%. Bitpanda applies standard fees averaging approximately 1.49%.

To ensure complete transparency and prevent unexpected charges, Klarna users should carefully review the latest fee details on their chosen exchange’s official website before executing any trade.

About Klarna (Sofort)

​Klarna, a Swedish fintech company founded in 2005, offers a range of payment solutions, including its "Pay Now" service, which allows consumers to make immediate payments using linked cards or bank accounts. In 2014, Klarna acquired Sofort GmbH, a German company known for its direct bank transfer service, Sofortüberweisung (Sofort). 

This acquisition led to the integration of Sofort's functionality into Klarna's broader payment ecosystem. By 2024, Klarna had fully consolidated Sofort into its "Pay Now" offering, streamlining the payment process and enhancing security through features like two-factor authentication.‍

Final Thoughts

Klarna's integration with regulated crypto exchanges offers users a secure method to purchase digital assets. By facilitating direct transfers to platforms like Bybit and Bitpanda, Klarna enables immediate access to cryptocurrencies without directly handling them. 

As Klarna continues to explore deeper crypto integration, users should stay informed about fees, supported currencies, and security measures to make informed investment decisions.