Buy Crypto & Bitcoin in Sweden

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SafelloSafello

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

Pros
  • Available from 32 countries
  • Offers a wide variety of payment methods
  • Deep liquidity ensures prices near the fair market rate
Cons
  • Not a private way to buy since ID verification is required
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BitpandaBitpanda

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.

Visit Bitpanda's Website

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BitstampBitstamp

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.

Pros
  • 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
Cons
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Average
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Reputation
Trusted
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Limits
High

CoinbaseCoinbase

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. Visit Coinbase's Website

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

Coinbase Advanced TraderCoinbase Advanced Trader

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 Trader's Website

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

BityBity

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.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

Bitcoin ATMsBitcoin 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%. View Bitcoin ATMs

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

BitfinexBitfinex

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.

Pros
  • 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
Cons
  • 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
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Ease of Use
Hard
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Privacy
Low
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Speed
Varies
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Fees
Average
reputation icon
Reputation
Low Trust
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Limits
High

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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.


bitcoin in sweden

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).


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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.


ekrona headline

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.


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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.


country image

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.


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FAQ


Does Coinbase work in Sweden?

Citizens of Sweden can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Deposit
  • PayPal
  • 3D Secure Credit Card
  • Debit Card
  • Credit Card

Where Can I Find a Bitcoin ATM in Sweden?

Unfortunately, there aren't any Bitcoin ATMs in Sweden as of October of 2020.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Sweden?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Which stores accept Bitcoin in Sweden?

Bitcoin is accepted at lots of stores and service providers all over Sweden. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.


map of stores that accept bitcoin
The colored sections indicate areas where there is heavier acceptance of Bitcoin

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Wikipedia - Sweden, https://en.wikipedia.org/wiki/Sweden
  2. Yahoo - Swedish Crypto Exchange QuickBit Leak Spills 300,000 Customer Records, https://www.yahoo.com/video/swedish-crypto-exchange-quickbit-leak-091506949.html
  3. Swedish Riksbank - E-krona, https://www.riksbank.se/en-gb/payments--cash/e-krona/
  4. Swedish Riksbank - False information concerning the sale of e-kronas, https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/notices/2019/false-information-concerning-the-sale-of-e-kronas/

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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