How to Buy Bitcoin and Crypto with Swedbank

As outlined above, the safest and best method to buy digital assets with a Swedbank account is through a regulated European exchange. With this method, investors can safely deposit fiat currency from their bank accounts via SEPA Transfer, debit card, credit card and more. We recommend SEPA Transfer because they are instant and free with platforms like Uphold.

Here is a simple 4 step guide to getting started:

  1. Open an account with Uphold and complete the identity verification process.
  2. Go to ‘Deposit Funds’ and select 'My banks' to connect your Swedbank account.
  3. Find whatever asset you want to buy from the search bar and tap ‘Trade’.
  4. Enter the amount you want to purchase and select ‘Open Trade’.
Buy Crypto Swedbank

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What are the Fees to Invest in Crypto with Swedbank?

The fees and charges investors need to consider when buying cryptocurrencies will vary depending on the exchange. Based on our first-hand review of all of the available platforms in Europe, we found Uphold to be the cheapest option when it comes to deposit fees, trading fees and spreads. They currently charge 0 deposit fees and trading fees, and have a small spread of 0.5%.

For example, we compared their exchange to other popular platforms like eToro and Coinbase and found their fees were significantly higher and were up to 2% with a fee of 1% and spread of 1%.

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Swedbank Digital Asset Policy

Swedbank, like most traditional banks, has been cautious when it comes to the integration of cryptocurrencies into their operations.That being said, Swedbank, like other banks, has recognized the increasing demand and interest in cryptocurrencies, and has taken steps to allow their customers to deposit funds into regulated cryptocurrency exchanges.

This move can be seen as a positive step towards being crypto-friendly as it provides their customers with a way to participate in the cryptocurrency market in a regulated and secure manner.

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Bottom Line

Swedbank does not currently offer digital asset investing through their online banking platform, they do allow their customers to deposit funds into regulated exchanges, which is a positive step towards being crypto-friendly. For Swedbank customers who want to invest in cryptocurrencies, Uphold is a recommended exchange as it offers free SEPA transfers, a large selection of assets to trade, and low fees.