Denmark has seen a surge in cryptocurrency adoption and trading over the past few years. Danes increasingly use digital assets for payments, investing, and wealth management. Here’s our detailed review of the 5 best crypto exchanges in Denmark. Learn about the leading platforms and compare their fees, features, security, support, and more.
Summary of Best Crypto Exchanges in Denmark
Experts recommend using exchanges regulated by the Danish Financial Supervisory Authority (DFSA) for purchasing and trading Bitcoin, Ethereum, and other cryptocurrencies legally in Denmark. By depositing Danish kroner via bank transfer or debit/credit card, individuals can securely buy, hold, and trade digital currencies.
For beginners starting their crypto journey in Denmark, we’ve evaluated the top trading platforms widely used in the region:
- Coinbase – Best Overall Crypto Exchange in Denmark
- Binance – Largest Altcoin Selection
- Crypto.com – Best for Low Fees
- Bitpanda – Ideal for Newbies
- Kraken – Great for Active Traders
Coinbase Overview
Rated as the best overall crypto exchange in Denmark, Coinbase is known for its extensive selection of tradable cryptocurrencies, excellent mobile app, and top-tier security.
Key Features:
- Supports over 100 cryptocurrencies including Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, and more
- Trades crypto, NFTs, and has Coinbase Wallet for secure storage
- Low 1.49% fee for debit/credit card buys and 0.5% for bank transfer purchases
- FDIC insurance protection up to $250,000 for USD wallets
- User-friendly mobile app rated 4.7/5 on the App Store and Google Play
- Secures 98% crypto funds in cold storage and is insured
We like Coinbase for its beginner-friendly interface, competitive fees, and rock-solid security measures. The exchange makes it easy for first-time investors to buy, sell, and manage a diverse portfolio of digital assets.
Key Metrics
- 50+ million verified users worldwide
- $547 billion in quarterly trading volume
- Access to 10,000+ crypto assets through Coinbase Wallet
- ISO 27001, SOC 2, SOC 3 certified for security compliance
- Never been hacked since founding in 2012
Binance Overview
As the world’s largest crypto exchange by trading volume, Binance provides access to over 500 altcoins – the most of any platform globally.
Key Features:
- Extensive selection of 500+ altcoins available to trade
- Low 0.1% spot trading fees plus 25% discount if paying fees in BNB
- Excellent liquidity across all markets
- Binance Academy offers free crypto education resources
- Strong security with SAFU fund to protect users
Binance stands out for its unparalleled liquidity and altcoin selection. The exchange makes it easy to diversify your crypto portfolio with exposure to emerging assets before they hit the mainstream.
Key Metrics
- $76 billion average daily trading volume
- 90 million+ registered users worldwide
- Access to leveraged, derivatives, staking, and other advanced trading options
- 0.1% spot trading fees are 83% below industry average
- Never been hacked since launch in 2017
Crypto.com Overview
Offering some of the lowest fees in the industry, Crypto.com is ideal for cost-conscious investors in Denmark.
Key Features:
- Competitive 0% maker and 0.4% taker fee structure
- 100+ coins and 200+ fiat pairs supported
- Up to 8% back on spending via Crypto.com Visa card
- Earn up to 14.5% interest on crypto & stablecoin holdings
- Excellence in security – ISO 27001 certified, 100% cold storage
We like Crypto.com for its ultra-low trading fees, staking rewards, and cashback debit card. Users can maximize returns by earning interest on holdings, getting refunds on spending, and paying barely any trading commissions.
Key Metrics
- 80+ million users worldwide
- $1 billion average 24hr trading volume
- 70+ fiat currencies available
- 90% funds held in cold storage
- ISO 27001 and 27701 certified for security
Bitpanda Overview
Bitpanda is one of Europe’s most trusted and widely-used exchanges thanks to its user-friendly interface. The platform makes crypto investing easy for complete beginners.
Key Features:
- Intuitive, easy-to-use platform requires minimal technical skill
- 10+ payment methods including credit cards, wire transfers, and mobile wallets
- Supports 100+ cryptocurrencies including majors like Bitcoin, Ethereum, Cardano
- Built-in Bitpanda wallet to store purchased crypto
- Active community and 24/7 customer support
Bitpanda stands out for welcoming first-time investors with little crypto experience. The exchange has everything you need to buy, manage, and sell digital currencies in a user-friendly format.
Key Metrics
- 3 million+ active users across Europe
- More than 1 million app downloads
- Processes €10 billion+ in trading volume yearly
- Winner of FinTech Innovation Award in 2019
- Never been hacked since 2014 launch
Kraken Overview
Operating since 2011, Kraken is a reputable exchange known for low fees, security, and a wide range of investment products. The platform caters to advanced traders.
Key Features:
- Competitive fee structure from 0% to 0.26% based on 30-day volume
- Margin trading with up to 5x leverage available
- Support for 70+ cryptocurrencies plus 8 fiat currencies
- OTC desk for high volume trades
- Strong security with 95% crypto in cold storage
Kraken stands out for its competitive fees, advanced trading options, and long-standing security track record. Experienced investors benefit from leveraged trades, staking rewards, and the OTC desk – making it one of the best exchanges for active crypto traders.
Key Metrics
- 7 million clients worldwide
- Processed $235 billion in 2021 spot trading volume alone
- Consistently rates as a top-tier exchange by exchangesrank.com
- Passed multiple security audits with no critical findings
How to Purchase Cryptocurrency in Denmark:
For investors looking to buy digital currencies in Denmark, follow this beginner’s guide for quick, secure, and completely legal transactions:
- Select a Trusted Exchange – Choose a platform regulated in Denmark like those recommended above.
- Sign Up & Verify – Provide your email, ID, and personal details to register and complete KYC.
- Deposit Danish Kroner – Fund your account via bank transfer or debit/credit card purchase.
- Buy Cryptocurrency – Use deposited DKK to buy Bitcoin, Ethereum, or altcoins.
- Safe Storage – Withdraw coins to a secure wallet or cold storage device for enhanced safety.
Legality of Cryptocurrency in Denmark
Denmark has welcomed crypto assets and provides a clear regulatory framework overseeing digital currency investing and trading within the country.
Is Crypto Legal in Denmark?
Yes, cryptocurrency is completely legal to buy, sell, and trade in Denmark. The Danish government has adopted a transparent crypto regulatory environment to promote innovation while protecting consumers.
How is Crypto Taxed in Denmark?
Cryptocurrency profits are subject to capital gains tax in Denmark. Earnings from buying/selling digital assets are taxed similarly to gains from other capital assets like stocks and property.
For amounts exceeding DKK 2,000, profits are taxed at 27% for individuals and 22% for companies. Losses can be deducted from your capital income. Consult an accountant when filing taxes involving crypto to ensure full compliance.
Best Bitcoin Wallets in Denmark
A crypto wallet is an essential tool for investing in Bitcoin and other digital assets. When choosing a Bitcoin wallet in Denmark, there are several top options to consider:
- Ledger Nano X – Ledger’s hardware wallet is the premier choice for security. It stores private keys offline while allowing you to send, receive, trade, and monitor your Bitcoin via Bluetooth connectivity and Ledger Live mobile/desktop apps.
- Trezor Model T – Like Ledger, Trezor makes highly secure hardware wallets with offline key storage. The intuitive Trezor interface allows beginners to easily manage Bitcoin holdings.
- Exodus – This user-friendly desktop and mobile wallet offers support for 100+ assets including Bitcoin. Exodus has built-in staking, trading, and exchange integrations while remaining non-custodial.
- BitPay – For people new to crypto, BitPay provides a simple Bitcoin wallet with the option to get a crypto-funded debit card for spending coin. BitPay is convenient but closed-source.
When selecting a Bitcoin wallet in Denmark, pay close attention to security features, ease of use for your skill level, supported coins, and costs. Always opt for non-custodial wallets when possible.
Conclusion
Denmark provides a supportive environment for crypto investing and trading. By using reputable, DFSA-regulated exchanges like those recommended above, you can securely buy, sell and manage Bitcoin, altcoins, and other digital asset holdings. Follow our guide to get started investing in cryptocurrency as a Danish citizen.
FAQs
Is crypto legal in Denmark?
Yes, cryptocurrency is completely legal to buy, sell, trade, and hold in Denmark. The government has clear regulations surrounding digital assets.
How can I withdraw crypto profits in Denmark?
You can withdraw cryptocurrency profits to a Danish bank account by selling your coins on a regulated crypto exchange for Danish Kroner, then withdrawing the funds to your connected bank account.
Are crypto profits taxed in Denmark?
Yes, cryptocurrency profits over DKK 2,000 are subject to capital gains tax in Denmark. Profits are taxed at 27% for individuals and 22% for companies. Consult an accountant if you need help properly filing taxes on your crypto earnings.
