Trading cryptocurrencies is a popular activity in Norway. But what is the best cryptocurrency exchange for Norwegian crypto traders? Norwegian crypto investors should register on licensed and regulated exchanges by the Financial Supervisory Authority of Norway. Additionally, it is important to look out for crypto exchanges supporting the Norwegian fiat currency, Norwegian Krone (NOK), to buy and sell Bitcoin or other digital assets.
Read our full guide about the best crypto exchanges for Norwegian crypto investors and traders.
Top 6 Cryptocurrency Exchanges in Norway Reviewed
Our team of experts has analyzed over 100 crypto exchanges to compile a list of the 6 best crypto exchanges in Norway. We have considered all factors, such as security, reliability, regulations, trading fees, supported cryptos, and deposit and withdrawal methods for NOK. Also, the presented exchanges support Norwegian as a language
- Bybit – Best Crypto Exchange in Norway
- Bitget – Best Alternative Crypto Exchange in Norway
- Uphold – Best Beginner Crypto Exchange in Norway
- Kraken – Oldest Crypto Exchange in Norway
- Bitpanda – European-based Crypto Exchange
- eToro – Best TradFi + Crypto Trading Platform in Norway
1. Bybit
Bybit is the best crypto exchange in Norway, with numerous products & features. As Bybit is a regulated exchange, you must verify your identity with the KYC process. Bybit serves over 20 million users from 150 countries. Now, Bybit is the second largest crypto exchange in the world.
With 450+ supported cryptos, low trading fees, and a well-designed platform with advanced features, Bybit is a top choice for beginners as well as experienced crypto investors.
The platform is popular for its comprehensive spot and futures market, where crypto traders from Norway can access deep liquidity and leverage of up to 125x. Another great feature on Bybit is the copy trading option, where you can follow experienced traders automatically to make passive income.
Other passive income products on Bybit include staking, mining, liquidity farming, lending, and more.
Bybit supports several options to purchase cryptos with the local Norwegian fiat currency NOK. Via P2P trading, Norwegians can purchase cryptos in NOK with Revolut, Wise, and Bank transfers. For credit/debit card purchases, you can use the Bybit crypto direct purchase option.
Spot Fees: 0.1% maker / 0.1% taker
Futures Fees: 0.02% maker / 0.05% taker
Supported Cryptos: 430+
Futures Contracts: 240+
NOK Payments: Cheap NOK crypto purchases with credit/debit card, Wise, Revolut, Bank Transfers, or ZEN.
Customer Support: 24/7 live chat support
2. Bitget
Bitget is the best alternative crypto exchange in Norway. As a licensed and regulated crypto trading platform, Bitget requires KYC verification for new users. With over 15 million users and $10+ billion in daily trading volume, Bitget is one of the largest crypto exchanges.
What Bitget stands out the most is its extensive number of supported cryptos of 500+ digital assets. Bitget is the best option for the most supported cryptos and trading pairs.
With a spot and futures market, low trading fees, and up to 125x leverage, Bitget is a top choice for crypto traders from Norway seeking a comprehensive crypto trading platform. The Bitget exchange is popular for its simple-to-set-up copy trading feature, where you can follow professional traders.
Aside from trading products, Bitget also offers passive income products so Norwegian crypto enthusiasts can let their money work for them. Some of these options include staking, mining, loans, dual investments, launch polls, trading bots, and copy trading.
Bitget also offers a simple way to buy crypto assets on their platform with a credit/debit card. NOK is also supported as a payment method. The platform is a great allrounder, and we consider Bitget to be one of the best crypto exchanges in Norway.
Spot Fees: 0.1% maker / 0.1% taker
Futures Fees: 0.02% maker / 0.06% taker
Supported Cryptos: 500+
Futures Contracts: 300+
NOK Payments: Cheap NOK crypto purchases with credit/debit card, Wise, Revolut, Bank Transfers, or ZEN.
Customer Support: 24/7 live chat support
3. Uphold
Uphold is the best crypto exchange in Norway for beginners seeking an easy process to buy and sell Bitcoin or other cryptocurrencies. The crypto exchange serves over 10 million users from 100 countries, including Norway.
What makes Uphold special is its simple interface with basic trading options. This makes Uphold the perfect crypto exchange option for beginners from Norway. With 250 supported cryptos for buying and selling on the spot market and full proof of reserves, Uphold is a reliable and secure option for crypto traders. For passive income, the exchange supports staking with up to 16% APY on staked cryptos.
While Uphold lacks advanced features, we consider it a perfect option for newbies who just want to play around with cryptocurrencies. As the Uphold trading fees are high, we do not recommend day trading on the platform.
Norwegians can make payments in NOK via credit/debit card with fees ranging from 1-3.9%, while bank transfers are free.
Spot Fees: 1.4% maker / 1.95% taker
Futures Fees: No futures supported
Supported Cryptos: 250+
Futures Contracts: No futures supported
Euro € Payments: Cheap Euro Bank Transfers, 3.99% Fee on Credit/Debit card payments
Customer Support: 24/7 live chat support
4. Kraken
Kraken is one of the oldest cryptocurrency exchanges available in Norway. Launched in 2011, Kraken offers over 240 cryptos on its spot trading platform. The exchange is regulated by the FinCEN in the USA to legally operate in over 190 different countries.
The platform is popular for its reliability and robust design. On the spot market, Kraken charges 0.16% maker and 0.26% taker fees. For futures trading, Kraken only charges 0.02% maker and 0.05% taker. This makes Kraken the ideal crypto exchange for traders from Norway seeking a reliable crypto exchange to trade digital assets.
Users from Norway can deposit cryptos on Kraken free of charge or buy cryptocurrencies on Kraken with NOK directly. The supported payment methods for NOK purchases are credit/debit cards or SEPA bank transfers, with fees ranging from 1%-3%.
Spot Fees: 0.16% maker / 0.26% t aker
Futures Fees: 0.02% maker / 0.05% taker
Supported Cryptos: 240+
Futures Contracts: 120+
NOK Payments: Cheap NOK crypto purchases with credit/debit card or Bank Transfer
Customer Support: 24/7 live chat support
5. Bitpanda
Bitpanda is a regulated and licensed European crypto exchange with its headquarters in Vienna, Austria. The exchange has over 4 million users across 100 countries, with a heavy focus on the European market, including Norway.
On Bitpanda, crypto traders can access over 100 digital assets for trading, like Bitcoin, Ethereum, Dogecoin, and more. The platform is well-designed with a beginner-friendly interface, making it a top choice for newbies.
What we love most about Bitpanda is the fact that you can not only trade cryptos but also traditional finance assets such as precious metals, commodities, indices, stocks, ETFs, and more. This makes Bitpanda a great allrounder for Norwegians looking to not only trade crypto assets.
With up to 2x leverage on major cryptos such as BTC or ETH, Bitpanda is one of the top exchanges in Norway for new traders who are trying to get into the market.
Spot Fees: 0.15% maker / 0.15% taker
Futures Fees: No futures supported
Supported Cryptos: 240+
TradFi assets: 500+
NOK Payments: NOK crypto purchases with credit/debit card or Bank Transfer
Customer Support: Only email support
6. eToro
eToro is one of the largest crypto exchanges in Europe, with over 100 million users worldwide. What’s special about eToro is the fact that they not only offer crypto services but also traditional finance assets. Overall, eToro supports 3000+ assets for trading, 70 of them are cryptos.
eToro is a simple way to start your crypto journey on a regulated and licensed exchange as a citizen of Norway. The platform is very beginner-friendly and easy to navigate, making it a top choice for trading digital currencies as a newbie.
While eToro does not offer NOK as a payment option, you can still deposit funds by selecting €or $ and using your NOK credit/debit card, PayPal, Sofort, or Bank Transfer. The currency will be converted automatically, and users from Norway can deposit and withdraw funds.
What we love most about eToro is its dedicated and highly competent support team, which is available in the 24/7 live chat all day long. The response time is just a few minutes, and the staff is very knowledgeable.
Spot Fees: 1% maker / 1% taker
Futures Fees: No futures supported
Supported Cryptos: 70+
TradFi assets: 3000+
NOK Payments: NOK crypto purchases with credit/debit card or Bank Transfer
Customer Support: 24/7 live chat support
Is Crypto Legal in Norway?
It is completely free to trade crypto assets in Norway. However, keep in mind that local tax rules apply, such as capital gains tax. In some cases, you also have to apply a value-added tax (VAT). We highly recommend you consult with a local financial advisor to help you with your specific needs regarding crypto taxation in Norway.
How to Choose a Crypto Exchange in Norway
Choosing the right crypto exchange in Norway can be confusing as there are tons of options to choose from. Below, you will find key factors to look at before signing up with a Crypto exchange as a Norwegian citizen.
NOK Payments: As a Norwegian, you should look for crypto exchanges that support payments in Norwegian Krones.
Value for money: Some exchanges charge a lot of money for services, while others are cheaper. The two factors to look at are trading fees and deposit/withdrawal fees. Bitget and Bybit are the best options in terms of value for money in Norway.
Supported Assets: Check how many cryptos the exchange supports. After that, you can dive in deeper and see if there are specific coins you wish to trade. Coinmarketcap is a great tool to see where you can purchase your desired crypto.
Security & Regulations: Only sign up on crypto exchanges with a clean track record. Additionally, the platform should be regulated and licensed. Lastly, you can look out for additional security factors, such as proof of reserves.
How to buy Bitcoin & other Cryptos in Norway
Buying Bitcoin and other digital currencies in Norway is simple if done right. Follow our step-by-step guide on how to securely purchase cryptos as a Norwegian for the cheapest price!
- Choose a crypto exchange: First, you have to select a crypto exchange that supports NOK payment methods. Great options with NOK support for Norwegians are Bybit and Bitget.
- Verify your identity: Due to anti-money laundering laws (AML), you have to verify your identity on legitimate exchanges before you can purchase cryptos.
- Make a purchase: Once your identity is verified, you can click on “Purchase Cryptos” in the top left corner. You can choose between direct purchases via credit/debit card directly from the exchange, or you can use the P2P market, where multiple payment methods are supported.
- Secure your cryptos: We never recommend storing your cryptos on exchanges. It is always best to secure your cryptos in a cold storage wallet such as the Ledger Nano X.
Final Thoughts
Overall, the best crypto exchanges in Norway are Bybit and Bitget due to their extensive crypto-related products and features. Additionally, they offer the best value for money for Norwegian crypto investors. The two exchanges are some of the largest players in the industry, with billions of dollars in daily trading volume. We choose Bybit as the best cryptocurrency exchange in Norway as they have a longer track record than Bitget. However, both exchanges are at the top of the game.
Other trading options for beginners and newbies are Uphold and eToro. With basic features and very beginner-friendly designs, the two exchanges are great for playing around with cryptos. However, in terms of value for money, they perform rather poorly.
