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