How to Buy Crypto with SEB Bank (2023)

Summary: SEB Bank does not offer direct cryptocurrency trading through its online banking services across Europe. However, customers can still invest in crypto by using an ESMA-certified exchange, transferring funds in EUR, SEK, NOK, or other currencies from their SEB Bank account, and then purchasing tokens on their preferred platform.

Following a review of 20+ platforms, we identify Binance as the go-to for crypto purchases via SEB Bank. Binance enables swift, free EUR deposits from SEB Bank, supporting trades of 350+ crypto assets with attractive fees. As a leading global crypto exchange, Binance excels in volume, user quantity, and liquidity.

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Website

Top Crypto Platform for SEB

5.0 out of 5.0 by Datawallet.

Binance is the best for SEB Bank due to its seamless integration with the bank, allowing swift, free transfers, and its extensive selection of over 350 crypto assets available for trading at attractively low fees.

Available Assets

350+ Cryptocurrencies

Deposit Methods (EUR, SEK, NOK + 30 more)

Bank Transfer, SEPA, Klarna, Sofort, Debit Card, Credit Card and more

Licensing and Regulation

Licensed by the Swedish Financial Supervisory Authority

Can You Buy Crypto with SEB Bank?

Yes, you can purchase cryptocurrency using SEB Bank by transferring funds from your SEB account to a licensed and regulated third-party crypto exchange in Europe. Keep in mind that SEB Bank may not directly provide crypto trading services, so it's essential to utilize a reputable and licensed exchange adhering to local regulations.

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How to Buy Bitcoin and Crypto with SEB Bank

As mentioned earlier, the most effective way to purchase cryptocurrencies using a SEB Bank account is through a regulated exchange. After examining top brokers across Europe, we suggest Binance as the ideal platform for SEB Bank customers. They provide instant deposits in multiple currencies via bank transfer, SEPA transfer, Klarna/Sofort, Trustly, debit card, credit card, and other options.

Here's a simple four-step guide to kickstart your crypto buying journey with SEB Bank:

Sign up to Binance and verify your account.
Select the 'Buy Crypto' option to deposit funds.
Select the currency you want to deposit from SEB Bank (e.g SEK or EUR) and your deposit method to complete a transfer.
Find the crypto asset you want to buy on the Binance platform and execute your trade.

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What are the Fees to Invest in Crypto?

The fees to invest in crypto assets from your SEB Bank account will differ based on the platform you choose. Luckily for investors, Binance offers free SEPA transfers from SEB Bank accounts and low fees starting at 0.1% to trade over 350 crypto assets on their platform. This is considerably more affordable than alternatives like Coinbase, where spreads and fees exceed 2%.

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Is SEB Bank Crypto-Friendly?

Yes, SEB Bank are a crypto-friendly banking platform in Europe that allows its customers to deposit funds into regulated crypto exchanges. However, they do not offer any products or services to buy digital assets directly. As a result, investors in Sweden and Europe need to sign up to an exchange such as Uphold that is regulated and available in their country.

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Bottom Line

In conclusion, although SEB Bank does not directly offer cryptocurrency trading, its customers can still invest in digital assets via a licensed third-party exchange, notably Binance. As a bank that is friendly towards crypto, SEB Bank enables swift, free transfers to Binance, which supports trades for an impressive range of cryptocurrencies with low fees.

To ensure a smooth crypto purchasing process, it is vital to use an ESMA-certified exchange and adhere to local regulations. With SEB Bank and Binance, customers are provided with an efficient, affordable, and secure route into the ever-evolving world of cryptocurrency.

Author

Tony Kreng

Lead Content Editor

Tony Kreng has an MBA in Business & Finance and has been writing as a financial analyst in traditional finance for over a decade. He is the lead content editor and fact-checker for the team at Data Wallet.