Buy Crypto & Bitcoin in Sweden
eToro
eToro
eToro is a popular way for residents of Sweden to buy crypto. The company offers an easy-signup with a free wallet and app also included.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ Visit eToro's Website- Offers unique copy trading feature
- Trusted exchange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
Bitpanda
Bitpanda
Bitpanda is a Bitcoin broker based in Europe.
They have high payment limits and low fees across their wide range of payment methods.
Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.
Recently added margin trading and combined order book, for a more efficient trading experience.
- Some of the lowest fees for buying bitcoins with credit/debit card
- Reliable and trusted broker
- Fees aren't shown openly on the site but instead included in the buying price
Kraken
Kraken
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries.
Deposits can be made via bank wire, SEPA, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
Coinbase
Coinbase
Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.
- Trusted exchange with 100 million+ users
- Based in the USA; with a free wallet included
- App available on Apple App Store & Play Store
- Easy to use but fees can be high
- Coinbase may track how and where you spend your bitcoins
Coinbase Advanced
Coinbase Advanced
Coinbase's exchange, Coinbase Advanced Trader (formerly called Coinbase Pro), is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate.
Visit Coinbase Advanced's Website- Some of the lowest fees available for US and EU customers
- Possible to buy bitcoins for 0% fees
- The user interface is confusing for first-time buyers
Bity
Bity
Bity is a Bitcoin exchange and ATM operator, based in Switzerland. Their 5 ATMs allow for a quick first purchase and only require phone verification for an initial buy limit of 1,000 EUR or CHF. Their online service accepts wire transfers, SOFORT and online bank transfers.
- Easy to start buying bitcoins after mobile phone verification
- Payment limit of up to €100,000 annually after intensive verification
- ID verification is required for most purchases, so not a private way to buy
- Low annual limit of only €4,000 without intensive verification
Safello
Safello
Safello is a Bitcoin exchange based in Sweden and fully-registered as a financial institution. It offers a wide range of payment methods - Swish, SEPA, Bank Cards, SWIFT, Faster Payments and Bankgiro - to Swedish customers.
Visit Safello's Website- Available from 32 countries
- Offers a wide variety of payment methods
- Deep liquidity ensures prices near the fair market rate
- Not a private way to buy since ID verification is required
Bitcoin ATMs
Bitcoin ATMs
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
Visit Bitcoin ATMs's Website- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
Bitfinex
Bitfinex
Hong Kong-based Bitfinex has long been one of the largest USD Bitcoin exchanges in the world. Bitfinex accounts may be funded by bank wire only, their fee on accepting such transfers is low at only 0.1%.
In August 2016, however, it was hacked and lost around 30% of its users funds. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.
- Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
- One of the best ways to buy large amounts of bitcoins
- Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
- Very deep liquidity promotes a price close to fair market rate
- Supports several altcoins
- Was recently hacked and has yet to fully compensate all users for their loss
- Geared towards traders; possibly quite confusing for first time buyers
- Single payment option
Bitstamp
Bitstamp
Bitstamp is one of the world's largest and most well-known Bitcoin & crypto exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.
- One of the longest-running Bitcoin exchanges
- Very low 0.25% fee, falling to 0.1% with sufficient trading volume
- Offers wide range of altcoins
- High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
Bitcoin & Cryptocurrency Trading in Sweden
Get yourself a hardware wallet like the Trezor before you sign up for an exchange. Some exchanges don't include built-in wallets, and the ones that do are vulnerable to theft.
Investing in Bitcoin is no joke, and your top priority should be protecting your coins.
Thanks to Sweden's Bitcoin-friendly regulation, the next steps are pretty easy. Select one of the exchanges above that best fits your privacy, fee, liquidity, and payment criteria.
Verify your identity, connect a supported payment method and trade to your heart's content!
If you want to support a local exchange based in Sweden, Safello is a trusted option with high limits and fast transactions.
Safello's platform is easy to use, and available in 31 countries including Sweden. With a wide variety of payment methods, most European citizens will love this exchange. However, it's only available to citizens of the EEA and the UK.
Safello promotes three primary value propositions: speed, security, and transparency and excels in all three areas. This is why they've earned a trusted reputation among their customer base, both in Sweden and abroad.
You can also opt for one of the cryptocurrency exchanges outlined above, all of which also support Sweden. You can select one based on your requirements and preferences since different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet).
Exchange Hacks and Crypto Scams in Sweden
QuickBit Data Breach
In July of 2019, Swedish digital currency exchange QuickBit announced that a data breach on their customer databases had occurred, affecting 2% of their client's information. Of the data exposed included names, addresses, email addresses, and card information. Passwords and social security numbers were not exposed, so no account funds were at risk of being stolen.
Managing director Jörgen Eriksson wrote in a release(2) what caused the breach:
QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a server that has been visible outside QuickBits firewall for a few days, and thus accessible to the person who has the right tools. - Jorgen EriksonJörgen Eriksson Managing Director, QuickBit
e-Krona Scam
In 2017, Sweden's Riksbank launched a project(3) to digitize the Swedish Krona on a blockchain. However, the project has not been completed and no news of whether it will ever see the light of day has been announced by Riksbank.
That did not stop some scammers from pretending to issue releases as Riksbank in order to get unsuspecting victims to send real Krona in exchange for fraudulent 'e-Krona'. Riksbank was quick to issue a statement(4) on this phenomenon.
On certain websites and in social media, claims have been made that it is possible to purchase e-kronas.
The Riksbank has also been contacted by individuals describing how they have been called by companies claiming to be selling e-kronas on behalf of the Riksbank.
- RiksbankRiksbank Public Relations
Citizens are urged to reject and report solicitations to buy e-Krona to Swedish authorities since there are currently no plans on the part of the Swedish government to sell e-Krona to the public.
Bitcoin Mining in Sweden
Bitcoin mining is not the fastest or the easiest way to acquire Bitcoin, and for most people, it's better to buy Bitcoin directly from an exchange or a trusted peer.
Mining requires expensive hardware, lots of time, and a huge electricity bill, especially considering Sweden's electricity price of ~1.776 Kronas per kWh.
In comparison, the United States' citizens pay roughly $0.12 per kWh, and Bitcoin mining isn't profitable there either.
If you want to run a profitable mining operation, you have to mine in a country with dirt-cheap electricity like Georgia, China, or India. And even then, only large scale mining farms run by big corporations are profitable.
To calculate your profitability given your specific hash rate and electricity cost, check out our mining profitability calculator.
Otherwise, choose one of the exchanges listed above, and buy Bitcoin directly instead.