Best Crypto Exchange in Sweden 2024

Picking the best crypto exchange in Sweden is no simple matter. There are a growing number of providers in the market – each offering a unique set of features.

In this guide, we review the top crypto exchanges in Sweden, based on fees, features, and security.

We also discuss what individuals need to consider when choosing the best crypto exchange in Sweden for their individual needs and investment objectives.

We have included comprehensive reviews and comparisons of the Swedish Bitcoin exchanges below. 

The Top Bitcoin Exchanges in Sweden Reviewed 

Many global cryptocurrency platforms have started offering their services to Swedish residents.

However, the requirements of investors vary from one to another, and as such, the best crypto exchange in Sweden for each individual is ultimately subjective.

Below, we list the best Sweden crypto exchanges based on their unique strengths, with a specific focus on fees, supported markets, and payments.

1. Crypto.com – Secure Crypto Exchange With Savings Accounts

Crypto.com is not just an exchange for digital assets. It offers a wide variety of services to investors and traders – including crypto loans, staking, Visa cards, and a non-custodial wallet. The platform comes with an impressive list of over 250 cryptocurrencies.

Like most exchanges in Sweden, Crypto.com allows its users to buy digital assets with fiat currency. However, this feature is available only via the mobile app. Through the Crypto.com app, individuals can pay for their crypto purchases with a debit/credit card and bank transfer.

The platform features a web-based exchange where users can trade more than 200 pairs with up to 10x leverage. That said, Crypto.com is often seen as the top Swedish crypto exchange for staking digital assets. This is due to its flexible and fixed lock-in terms, providing an APY of up to 14.5%.

Crypto.com also offers competitive fees through its volume-based pricing structure. This means that users get more discounts as their trading volume increases. The highest trading fee charged by Crypto.com is 0.40%.

Moreover, investors can stake CRO, Crypto.com’s native cryptocurrency, to lower trading fees. CRO tokens can also be leveraged to increase earnings from Crypto.com interest accounts. Crypto.com is also among the best Sweden crypto exchanges to offer educational recourses and market updates for its users. 

Cryptoassets are a highly volatile unregulated investment product.

2. Bitstamp – Crypto Exchange With High Security

Launched in 2011, Bitstamp is one of the oldest cryptocurrency exchanges around. The platform gears more towards those who actively trade crypto, rather than one-time investors. Even the basic trading dashboard of Bitstamp features different types of transactions, including instant, market, limit, and stop orders.

Advanced traders can also try the Bitstamp TradeView, which integrates several professional tools and technical indicators. However, the TradeView platform is accessible only via the web version of Bitstamp. The fees for using this crypto exchange vary between 0% to 0.50%, depending on the volume traded by a user.

Bitstamp has also proven itself as a highly secure crypto exchange in Sweden. It offers institutional-grade custody from BitGo with 98% of customer assets in cold storage. The clients’ funds are also protected by BitGo’s insurance coverage.

Investors also have the option to buy cryptocurrency directly with a credit/debit card. However, this comes with a high fee of 5%. This means that when users spend 1,000 SEK to purchase digital assets, 50 SEK worth of commission will be collected. Furthermore, Bitstamp presents staking options to its customers – although, this is not as elaborate as Crypto.com.

This is because it supports the staking of only two cryptocurrencies at the time of writing – Ethereum 2.0 and Algorand. The interest rate offered is also lower, whereby users can only earn up to 5% on their digital coins via Bitstamp. In comparison, up to 14.5% can be earned at Crypto.com.

Cryptoassets are a highly volatile unregulated investment product.

3. Coinbase – Top Crypto Exchange in Sweden for Beginners

Crypto traders across the world have been using Coinbase since 2012. It is one of the biggest cryptocurrency exchanges available in the market today. The platform operates in over 100 countries, including Sweden. By listing over 170 cryptocurrencies, Coinbase offers its customers a wide range of options.

Not only does it support the purchasing of digital assets with fiat currencies, but users will also be able to trade one crypto for another. The provider has also designed an advanced trading platform, Coinbase Pro, for experienced traders looking to access high liquidity.

Coinbase is a platform that has become more user-friendly over the years. The exchange is simple to use for buying, selling, and storing cryptocurrencies. It also has an intuitive interface, a straightforward onboarding process, and plenty of educational resources.

All this makes Coinbase the best Bitcoin exchange in Sweden for beginners. It also offers other appealing features such as a Coinbase card, self-custodial wallet, crypto loans, and interest-earning accounts. While Coinbase does many things well, it also charges high fees for the products and services it offers.

To buy cryptocurrencies, Coinbase levies a hefty fee of 3.99%. Trading fees are also on the high end when compared to the rest of the market – at 1.49% per slide. However, the platform is still preferred by those new to the crypto space and seek high security. Finally, Coinbase is also a public stock listed on the NASDAQ and it is used by over 98 million people.

4. Binance – Popular Crypto Exchange for Low-Cost Trading

Also one of the world’s top cryptocurrency exchanges, Binance, is a popular choice for intermediate and advanced traders. It has one of the lowest trading fees in the industry, at just 0.10% for cryptocurrency transactions. Moreover, users can hold BNB tokens to reduce their trading fees by 25%.

Binance supports numerous crypto-to-crypto and stablecoin-to-crypto trading pairs. It lists over 600 digital assets and even allows its customers to buy crypto directly with fiat money. Binance supports several crypto derivative products for trading, including futures, leveraged tokens, and European-style vanilla options.

For residents of Sweden, Binance puts forward several ways of buying cryptocurrencies. Users can fund their Binance wallet with SEK directly via a bank transfer, and can even set up recurring investments. It is also possible to purchase cryptocurrencies directly with a debit/credit card.

Then there is the P2P marketplace for investors to buy and sell digital assets from other users of the platform. The fees, of course, vary depending on the type of payment method – with credit/debit card transactions costing 1.8%. Binance also has a number of products that support passive investments into crypto.

For instance, customers of Binance can stake crypto, deposit their digital assets into a savings account, or participate in yield farming. The Binance ecosystem also includes an NFT marketplace, a launchpad for new digital tokens, and a crypto lending system. 

Cryptoassets are a highly volatile unregulated investment product.

5. Safello – Leading Swedish Crypto Exchange

Safello is Sweden’s oldest cryptocurrency exchange. The platform makes it simple for Swedish users to buy Bitcoin and five other digital assets are currently listed.  It is, perhaps, the only exchange that supports Mobile BankID and Swish – two payment systems that are most commonly used in Sweden.

Safello also makes way for Swedish residents to set up a passive long-term investment strategy for cryptocurrency. Customers can choose a crypto, set a monthly amount in SEK, and select a date for the transaction to be executed.

Safello then carries out the purchase and the crypto will be added to the customer’s wallet. The platform charges a subscription fee of 3% – however, users have the option to cancel recurring investments at any time. Safello has also partnered with Divly so that customers can automatically import their transactions to calculate their crypto taxes.

While Safello is the best cryptocurrency exchange in Sweden accepting SEK, it falls short in one crucial aspect. The platform supports only five digital assets – namely, Bitcoin, Ethereum, Polkadot, Chainlink, and Polygon. Users can invest and hold these assets in the in-built Safello wallet. 

When it comes to fees, Safello calculates commission based on the trading volume. This fee can go as high as 5% as users are getting started. Moreover, a minimum fee of 35 SEK will be charged regardless of the size of the trade.

6. Kraken – European Crypto Exchange for Advanced Traders

Kraken gives its customers access to more than 100 different cryptocurrencies. Its instant buy feature is a simple tool that individuals can use to purchase and sell cryptocurrencies via their phone. Kraken accepts payments via bank transfers, credit/debit cards, and e-wallets for this purpose.

When buying digital assets via the Kraken app, the provider charges a separate payment processing fee. This can go up to 3.57%, in addition to the standard commission. For stable coins, Kraken charges 0.9% and for other altcoins, the commission comes to 1.5%.

Interestingly, Kraken offers support for not only crypto crosses and crypto-to-fiat pairs, but also forex trading. With that said, we found Kraken to be more suitable for experienced traders. It has a full-featured trading platform, which provides access to derivatives such as future and leveraged tokens of up to 5x.

For experienced traders, the exchange has even built a separate platform called Kraken Pro. This is also available as a separate app. The fee structure for Kraken Pro is also different – which follows a maker-taker model, charging up to 0.26% to its clients.

Kraken also comes with a staking tool, allowing its customers to earn up to 23% yearly on their digital assets. These interest-earning accounts are offered for 15 cryptocurrencies and the APY varies from one digital token to another. Kraken is also in the process of launching its own NFT marketplace.

7. CoinSmart – Crypto Exchange Designed for Novices

CoinSmart advertises itself as the easiest cryptocurrency platform in the market. It was created with the aim of making crypto investments accessible and understandable to everyone. Over the years, CoinSmart has added advanced trading features, while maintaining its user-friendly interface.

It allows users to convert fiat money into any supported altcoins. However, to do this, CoinSmart executes two trades – one to convert the fiat currency into Bitcoin, and then a second one to exchange BTC for the respective altcoin. However, for users – these trades are displayed as a single transaction.

The trick is that CoinSmart charges a higher commission for converting fiat currency to altcoins. The platform also charges a whopping 6% for credit/debit card transactions. Other funding options such as bank wire, draft, and SEPA are processed with no fees.

Like Safello, the main downside of CoinSmart is that it supports only a few cryptocurrencies. Users can access 16 digital assets, which limits the opportunity to build a diversified portfolio. However, it allows users to receive payments in Bitcoin, which will be automatically converted to fiat the same day and deposited into a personal bank account.

The Best Sweden Crypto Exchanges Compared

How to Choose the Best Sweden Cryptocurrency Exchange for You

As our exchange reviews have pointed out, crypto platforms differ significantly in terms of fees, features, and tradable assets.

This means that prospective investors need to spend some time researching the many different platforms in the market before deciding which one to go with.

Here are seven key factors that will help ensure that the best crypto exchange in Sweden is selected.

Regulation

With the number of fraudsters rising in the crypto industry, it is crucial to pick a platform that prioritizes the security of its customers’ funds.

• Most of the top crypto exchanges in Sweden implement industry-standard security measures such as two-factor authentication and the storing of users’ funds in cold wallets.
• To further augment security, the best Sweden crypto exchanges also require all their users to complete a verification process.
• In addition to all this, brokers hold licenses issued by top-tier financial authorities – such as the SEC and CySEC.

Needless to say, a regulated crypto broker would be a better alternative to an unregulated exchange.

Tradable Cryptos 

Another important consideration is the trading pairs that a platform offers.

There are almost 20,000 digital assets circulating in the crypto market, and of course, it would be impractical to expect an exchange to list all of them.

However, the best Sweden crypto exchanges offer a good balance of popular digital coins, allowing investors to easily diversify. This includes major projects like Bitcoin, Ethereum, Litecoin, and Ripple, as well as stablecoins and DeFi tokens.

Sign up Offers

Some crypto exchanges offer attractive promotions for new users.

For example, Crypto.com gives its customers up to $2,000 for every customer they invite onto the platform. This is paid in CRO tokens, which is native to Crypto.com.

Fees

One important factor that distinguishes cryptocurrency exchanges is the fee structure. Most platforms charge some type of fee for facilitating crypto and fiat currency transactions.

Here is a summary of what kind of fees users need to check before choosing a crypto provider:

• Trading Fees – The majority of crypto exchanges follow a maker-taker pricing structure that changes depending on the user’s trading volume. This is charged every time a buy or sell order is placed. However, some brokers such Coinbase have set a flat fee for crypto trades.
• Deposit Fees – It is common for brokers to charge a deposit fee every time a user funds their account. This can vary depending on the payment method used. For instance, credit/debit card transactions often incur higher charges when compared to bank transfers.
• Spread – Users will also have to account for the spread – which is the difference between the buy and sell price of the cryptocurrency being traded on the platform.

Tools & Features

Depending on the investment objective, users might seek some specific tools and features when looking for the best crypto exchange in Sweden.

For example, while beginners might prefer Coinbase for its intuitive interface, active traders might opt for Binance for low commissions and advanced trading tools.

There are also platforms that offer unique features like Copy Trading and Smart Portfolios. These might be more appealing for individuals looking to profit from a passive investment strategy.

Payment Methods

After assessing a provider’s regulatory standing and supported cryptocurrencies, users should also explore what payment methods are accepted.

• The best cryptocurrency exchanges in Sweden extend support for multiple payment methods – such as debit card/credit cards and bank account transfers.

Customer Service

Customer support is another factor that users should carefully look into. The best crypto exchanges in Sweden offer assistance via email. Some of them also have implemented a live chat feature and a ticket system for queries.

Some of the top crypto exchanges such as Coinbase and Bitstamp also have phone numbers listed on their websites. Preferably, individuals should be looking for a provider that offers 24/7 customer support, via at least one channel of communication.

How to Use a Swedish Crypto Exchange 

Some of our readers might be completely new to the cryptocurrency arena.

To help get started, we have included a detailed walkthrough of how to open an account with any of the best Sweden crypto exchanges.

Step 1: Open a Free Account

Choose a crypto platform to create an account with based on your needs and requirements. Then, head over to its website and find the option to create an account.

You’ll be asked to provide some basic information, such as your name and date of birth. Along with that, you’ll need to create a username and password, as well as potentially set up two-factor authentication to keep your money secure.

Step 2: Upload ID

As a new customer to a regulated crypto exchange, you’ll need to provide some KYC documentation as well. This means you’ll need add your ID, such as a passport or other photo document, and a proof of your address such as a bill or bank statement.

Step 3: Deposit Funds

With a new account good to go, you now need to add money into your account. This will be a clear process for your chosen exchange. Simply follow the steps online, choose the deposit method you want to use, and complete the security steps.

Note that you may need to pay conversion fees from SEK to EUR or USD depending on the exchange.

Step 4: Find Crypto 

A good exchange will have a range of cryptos for you to choose from. You can generally brose through a list and see what appeals, or search for a specific coin that you want. A good exchange will provide some information for you, such as historic price charts.

Step 5: Buy Crypto 

Now you know what you want to buy, follow the steps to open an order on your exchange account. This should be a near-instant action and you will then old your chosen coin in your wallet.

Are Crypto Exchanges Legal in Sweden?

Swedish law does not explicitly govern cryptocurrencies or other digital assets.

In other words, it is perfectly legal to trade cryptocurrencies in Sweden. However, when looking for the best Sweden crypto exchanges, it would always be best to opt for a platform that is regulated by top financial authorities.

Crypto Tax in Sweden

Although Sweden does not recognize digital assets as a form of currency, they are still considered tradable assets. And as such, any income generated from investing or trading cryptocurrencies is subject to tax.

The most common form of tax individuals need to consider is relevant to capital gains. This comes to 30% of any crypto profits made. Individuals might also have to pay cost basis tax if they receive cryptocurrency as income.

Conclusion

Investors looking for the best crypto exchange in Sweden have many options at their disposal.

However, it is crucial to find a platform that offers high security, straightforward investing, and attractive features – all the while charging competitive fees.

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