Choosing a suitable crypto exchange isn’t easy for a crypto trader or investor in Sweden. There are many options with different features and you want to identify the right platform for your needs. It is important only to make use of an exchange that is fully licensed and completely abides by the rules and regulations of the Swedish Financial Supervisory Authority.
This article features the top 7 best crypto exchange platforms in Sweden and everything you need to know, including Security, trading fees, supported coins, and many more, to make a well-informed decision on the right platform for your needs. They include:
- Bybit – Best overall cryptot exchange in Sweden
- Bitget – Best alternative exchange in Sweden
- Kraken – Advanced beginner-friendly exchange in Sweden
- Uphold – Basic beginner-friendly exchange in Sweden
- Coinbase – Popular crypto exchange in Sweden
- eToro – European trading platform in Sweden
- Gemini – Alternative exchange in Sweden
1. Bybit
Bybit was launched in 2018 and has its headquarters located in Dubai. It is one of the fastest-growing crypto exchanges in the world with over 10 million users across over 180 countries including Sweden. Bybit supports over 400 cryptocurrencies for trading with an average daily trading volume of over $10 billion according to Coinmarketcap.
Users can deposit supported cryptos or purchase crypto with fiat currencies via credit/debit cards, SEPA, Google Pay, Maestro, or P2P trading. Bybit supports about 15 fiat currencies including the Swedish Krona (SEK) for payments. Bybit is a fully compliant crypto exchange and it is complaint with all the guidelines of the Swedish Financial Supervisory Authority. It offers free crypto deposits while crypto withdrawal fees depend on the coin and network used. For fiat deposits and withdrawals, fees range from 0% using Advcash to 3% on bank transfers depending on the currency.
There is a mobile app for users in Sweden who want to trade using their smartphones available for IOS and Android users with a 4.7/5 star on the Google Play Store.
Some of its key features include:
- Copy trading: This enables inexperienced traders to learn by replicating the trades of high-performing traders and investors on the platform
- Trading bot: an automated program that executes buy and sell orders according to a preset trading strategy
- 24/7 customer support via live chat, email, and social media
- Userfriendly trading interface with advanced trading tools for both beginners and experienced traders
- Demo Trading: This provides a simulated trading environment that replicates real-world market conditions for users to practice trading without using real money
- Low trading fees: It offers 0.1% for both maker and taker fees on spot trading while for derivatives and futures trading, it offers 0.02% for makers and 0.055% for takers.
- Rewards hub for users to earn up to $30,000 in bonuses
- Adequate security with the use of two-factor authentication, cold storage, and algorithm encryption. It also provides proof of reserves.
If you want to learn more about Bybit, you can read our full Bybit review here.
BybitPros and Cons
| 👍 Bybit Pros | 👎 Bybit Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced crypto exchange |
| ✅ User-friendly Interface | ❌ Advanced tools can be confusing for beginners |
| ✅ Free SEK Deposits | ❌ Not available in the United States |
| ✅ Passive Income Products | ❌ No security fund |
| ✅ Copy Trading |
2. Bitget
Bitget was launched in 2018 with its headquarters located in Seychelles. It currently serves over 20 million users and is available in over 100 countries across the globe including Sweden. It currently offers over 400 cryptos for trading. Bitget allows users to deposit supported cryptos or fiat currencies via Visa/Master card, SEPA, GooglePay, and ApplePay.
It supports 5 fiat currencies for payments but it doesn’t include the Swedish Krona (SEK). Bitget is a fully licensed crypto exchange and it is compliant with all the guidelines required for crypto trading by the Swedish Financial Supervisory Authority. Fiat withdrawal fees range from 0% to 8% on Advcash depending on the currency.
There is a mobile app for people who want to trade or invest using their phones available for Android and IOS users in Sweden with a 4.3/5 star rating on the Google Play Store.
Some of its key features include:
- Copy trading
- Advanced security with the use of SSL encryption, cold storage, and two-factor authentication
- 24/7 customer support via email and social media
- Low trading fees: Offers 0.1% for both maker and taker fees on the spot market while for futures, it offers 0.02% for makers and 0.06% for takers. Additionally, it offers a 20% discount on the spot market when you use the native Bitget token “BGB”.
- It offers spot trading with a 10X margin and offers up to 125X leverage on derivatives trading
If you want to learn more about Bitget, you can read our full Bybit review here.
Bitget Pros and Cons
| 👍 Bitget Pros | 👎 Bitget Cons |
|---|---|
| ✅ Low trading fees | ❌ Extremely advanced crypto exchange |
| ✅ User-friendly Interface | ❌ Advanced tools can be confusing for beginners |
| ✅ SEK Payments through P2P market | ❌ Not available in the United States |
| ✅ Passive Income Products | |
| ✅ 500+ cryptocurrencies | |
| ✅ Copy Trading | |
| ✅ $300 million protection fund |
3. Kraken
Kraken is one of the oldest crypto trading platforms available for users in Sweden. It was launched in 2013 with its headquarters located in San Francisco, California. It currently has over 9 million users across over 190 countries including Sweden. Kraken supports over 200 cryptocurrencies for trading with a daily trading volume of over $100 million. Kraken is a fully licensed crypto exchange and it is compliant with all guidelines required for crypto trading in Sweden.
Users can deposit supported cryptos or buy crypto through fiat deposits through Credit/Debit cards, and SEPA. Deposit and withdrawal fees range from 0% to 3% through SEPA depending on the currency. Kraken supports only 6 fiat currencies for payments which doesn’t include the Swedish Krona (SEK) for deposits and withdrawals.
It also provides a mobile app available for Android and IOS users in Sweden with a 4.2/5 star rating on the Google Play Store.
Some of its key features include:
- 24/7 customer support
- Offers margin trading with up to 5X leverage
- Advanced security measures with SSL encryption, two-factor authentication, and many more. It also offers proof of reserves
- Educational materials to help users understand cryptocurrencies
- Offers NFT trading services
- Demo trading account for beginners and inexperienced traders
If you want to learn more about Kraken, you can read our full Kraken analysis here.
Kraken Pros and Cons
| 👍 Kraken Pros | 👎 Kraken Cons |
|---|---|
| ✅ User-friendly Interface | ❌ Lacks advanced features and liquidity |
| ✅ Passive income products | ❌ Not security fund |
| ✅ Free SEK Deposits | ❌ High spot trading fees |
| ✅ Flawless track record | ❌ No SEK payments |
| ✅ Low futures trading f ees |
4. Uphold
Uphold is an online multi-asset digital trading platform. It was launched in 2015 with its headquarters located in the United States. It currently has over 10 million users across over 180 countries including Sweden. It supports over 250 cryptocurrencies for trading and Kraken is a fully licensed crypto trading platform and it is compliant with all the rules and regulations of the Swedish Financial Supervisory Authority. It offers free crypto deposits.
The Uphold platform also offers free fiat deposit and withdrawals via SEPA. Other payment methods include Credit/debit card, GooglePay, and Applepay with fees up to 2.49%. It supports over 30 currencies for fiat payments including the Swedish Krona (SEK).
Uphold provides a mobile app for users who want to trade and invest on their phones, available for Android and IOS users in Sweden with a 4.5/5 star rating on the Google Play Store.
Some of its key features include:
- Fast and easy signup process
- Offers access to equities and precious metals
- Educational content
- No deposit, withdrawal, or trading fees
- Offers a crypto debit card
- Adequate security with two-factor authentication and cold storage
- Offers forex trading
If you want to learn more about Uphold, you can read our full Uphold review here
Uphold Pros and Cons
| 👍 Uphold Pros | 👎 Uphold Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Lacks advanced features and liquidity |
| ✅ Great mobile app | ❌ No futures trading |
| ✅ Free SEK payments | ❌ High trading fees |
| ✅ Passive income products |
5. Coinbase
Coinbase was launched in 2012 and has its headquarters located in San Francisco, California. It currently has over 100 million users across over 100 countries including Sweden. Coinbase offers over 250 cryptocurrencies for trading with an average daily trading volume of over $230 million. It currently ranks as one of the best crypto exchanges for beginners as it mostly offers simple tools for easy navigation and smooth trading for inexperienced traders.
Also, Coinbase is a fully licensed crypto exchange and it is compliant with all the guidelines for crypto trading in Sweden and offers payment methods available to users in Sweden. It supports over 60 fiat currencies for payments which include the Swedish Krona (SEK) and offers payment methods for fiat currencies include ACH, Paypal, Debit cards, Wire Transfers, and Apple Pay. Fees may range from 0% using ACH to about 3.99% using Wire Transfers and debit cards.
Coinbase also offers a mobile app available for IOS and Android users in Sweden with a 4.1/5 star rating on the Google Play Store.
Some of its key features include:
- Educational materials for beginners to understand cryptocurrencies
- 24/7 customer support via live chat and email
- Offers NFT trading services
- Adequate security measures with two-factor authentication and cold storage
- User-friendly interface for beginners and inexperienced traders
- High rading fees: Offers 0.4% for makers and 0.6% for takers on all trade types
If you want to learn more about Coinbase, you can read our full Coinbase analysis here.
Coinbase Pros and Cons
| 👍 Coinbase Pros | 👎 Coinbase Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Only 3x margin |
| ✅ Great mobile app | ❌ No futures trading |
| ✅ SEK payments | ❌ High trading fees |
| ✅ Passive income products | ❌ No free demo trading |
| ✅ Wide variety of payment methods |
6. eToro
eToro was founded in 2007 with its headquarters located in Israel. It is one of the most famous copy trading platforms available for users in Sweden. eToro currently has over 20 million users across over 140 countries including Sweden. It offers over 70 cryptos for trading. eToro is a fully licensed crypto trading platform and it and it complies with all the rules and regulations for crypto trading in Sweden.
eToro offers free deposits and withdrawals, and payment methods include Bank Transfer, SEPA Transfer, Credit/Debit Card, and many more. It supports over 40 fiat currencies including the Swedish Krona (SEK) for payments on the platform.
There is a mobile app available for IOS and Android users in Sweden with a 4.0/5 star rating on the Google Play Store.
Some of its key features include:
- Copy trading to help beginners learn by replicating the trades of high-performing traders and investors
- Adequate security including two-factor authentication and cold storage
- Supports more than 3,000 financial assets for trading and investing
- 24/7 customer support via live chat and email
- Trading fees: EToro charges a 1% fee for buying or selling crypto assets on its platforms. For stocks and ETF trades, there is no commission
If you want to learn more about eToro, you can read our full eToro review.
eToro Pros and Cons
| 👍 eToro Pros | 👎 eToro Cons |
|---|---|
| ✅ Very beginner friendly | ❌ Extremely high spread up to 10% |
| ✅ Crypto, Stocks & Indices supported | ❌ Poor value for money |
| ✅ SEK Payments supports | ❌ High trading fees |
| ✅ Wide variety of payment methods | ❌ Lacks passive income products |
| ✅ Copy trading | ❌ Low amount of crypto coins |
7. Gemini
Gemini was founded in 2014 with its headquarters located in New York. It currently has over 15 million users across over 60 countries including Sweden. It offers over 100 cryptocurrencies for trading with an average daily trading volume of over $13 million. Gemini is a fully licensed crypto trading platform and it is compliant with all the rules and regulations for crypto trading in Sweden. It supports over 6 Fiat currencies for deposits and withdrawals but it doesn’t support the Swedish Krona (SEK). Payment methods for Fiat currencies include PayPal, ACH, Debit cards, Wire Transfers, and many more. It offers free deposits with Wire Transfers and ACH but offers 2.5% for PayPal and 3.49% for debit cards.
The platform also provides a mobile app available for Android and IOS users in Sweden with a 4.3/5 star rating on the Google Play Store.
Some of its key features include:
- NFT trading services
- Offers a crypto credit card that allows you to spend tokens on real-life purchases
- Advanced trading tools for experienced traders
- 24/7 customer support via live chat and email
- Adequate security with the use of two-factor authentication and Cold storage
- Trading fees: For spot trading, it offers a 0.2% maker fee and a 0.4% taker fee which could be reduced depending on your 30-day trading volume
- Gemini Earn: This allows users to lend out their crypto holdings in exchange for interest payments.
If you want to learn more about Gemini, you can read our full Gemini review here.
Pros and Cons
| 👍 Gemini Pros | 👎 Gemini Cons |
|---|---|
| ✅ Hot wallet insurance | ❌ High trading fees |
| ✅ Insurance on fiat and crypto | ❌ Low number of coins |
| ✅ Beginner friendly | ❌ No SEK payments supported |
| ✅ 100x leverage | ❌ No free demo trading |
How to Choose a Crypto Exchange in Sweden
- Swedish Krona (SEK) Support: This is one of the most important factors to consider before choosing a crypto exchange in Sweden. Full support of Sweden’s native currency will make it easier for users to make payments on the platform as they are dealing with a currency they are familiar with. This improves the overall trading experience
- Adequate Security and Proof of Reserves: The security of user assets must be a top priority when choosing a crypto exchange in Sweden. Ensure the platform implements adequate security measures like two-factor authentication, SSL encryption, and cold storage. Proof of reserves is also important as they serve as a guarantee that the exchange has the funds to back all user assets
- Supported coins: The number of supported cryptos is important to consider before choosing an exchange in Sweden as it provides more options for traders and investors and improves the overall trading experience. The more the number of supported coins, the better the platform.
- User Interface: Any crypto exchange you want to choose in Sweden must have a user-friendly interface for you as a trader or investor according to your needs. If you are new to trading, exchanges with demo accounts, adequate educational materials, and simple tools will be a better choice, while if you are an experienced trader, exchanges with advanced trading tools that support your trading volume will be the right fit for you.
- Passive Income Products: This is one of the major factors to be considered before choosing a crypto exchange in Sweden. You should consider platforms that offer a wide range of opportunities e.g. staking, savings, lending, and many more for you to earn money as a trader or investor. This would help you make extra money that you can choose to also trade or invest with and this improves your overall trading experience.
- Regulatory Compliance: It is important to always check for adequate regulatory compliance before choosing a crypto exchange in Sweden. An ideal exchange must obey all the rules and regulations of the Swedish Financial Supervisory Authority to ensure a safe and smooth trading environment for users.
- Reliable Customer Support: 24/7 customer support is crucial when choosing a crypto exchange in Sweden. The platform must have multiple means for users to reach out for help as regards any issues when trading or making use of other services.
- Deposit and Withdrawal Methods: An ideal crypto exchange in Sweden must support a substantial amount of payment methods for users. It is important to check if the payment methods are convenient for the Swedish Krona(SEK) and offer low fees. This makes trading easier and faster thereby improving the overall trading experience for users
- Trading Fees: Before choosing a crypto exchange in Sweden, it is essential to consider platforms with low trading fees depending on the type of market you trade on. Also, look out for platforms that offer discounts when you make use of their native tokens.
Conclusion
In summary, Sweden offers a safe and regulated environment for buying and trading cryptocurrencies, with a variety of exchanges having different features. You should now be able to choose the right exchange platform as a trader or investor in Sweden.
For beginner-friendly interface and simple tools, Bybit, Coinbase, Kraken, eToro and Gemini are the best options for users in Sweden.
If you are looking for a platform with low trading fees, Uphold, Bitget, and Bybit are the best options for users in Sweden.
For new user rewards and passive income products, Bybit, Bitget, and Kraken are the best options for users in Sweden.
For a wide range of supported coins, bybit and Bitget are the best options for users in Sweden as they offer over 400 cryptos for trading.
In terms of Adequate security, Kraken is the best option for users in Sweden as it implements more security measures and has never been hacked.
All the platforms support reliable 24/7 customer support for users in Sweden.
For a wide range of payment options and supported fiat currencies, Coinbase and Uphold are the best options for users in Sweden.
Frequently Asked Questions
Is Crypto Legal in Sweden?
Yes, cryptocurrency is legal in Sweden. The Swedish Financial Supervisory Authority fully regulates it
What is the Best Crypto Exchange in Sweden?
Overall, Bybit is the best crypto exchange in Sweden as it offers Copy trading, demo trading, low trading fees, high leverage, a wider range of supported coins, and passive income products, amongst many more. It also supports SEK which makes it an ideal crypto trading platform for a beginner or experienced trader in Sweden.
What is the Best Crypto Exchange for beginners in Sweden?
Bybit is the best crypto exchange for beginners in Sweden as it offers copy trading, and demo account trading along with educational materials, and simple tools for new traders.
What is the Safest Crypto Exchange in Sweden?
Kraken stands out as the safest crypto exchange for users in Sweden as it offers sophisticated security measures including SSL encryption, session management, Hot wallet, and many more to ensure adequate security of user assets. It also offers proof of reserves.
Which Crypto Exchange has the Lowest Fees in Sweden?
Uphold stands out as the crypto exchange with the lowest fees in Sweden. It doesn’t offer any deposit, withdrawal, or trading fees making it a suitable choice for traders and investors.
