Here’s a comprehensive review comparing the 5 best crypto exchanges in Sweden. Let’s learn about their regulation status, fees, coin selection, deposit methods, security features, and other key details to find your best trading platform.
Growing Popularity of Crypto in Sweden
Despite divided opinions among regulatory bodies, cryptocurrencies are gaining increasing adoption among Swedish consumers and institutions. Recent surveys indicate over 36% of Swedes hold or have traded digital assets, with ownership highest among males under 35 years old. The country is also home to “Crypto Valley” in Stockholm, a hub of blockchain innovation.
Sweden’s largest pension fund, AP7, has indirectly invested over $1 billion in Bitcoin via exposure to crypto exchange Coinbase. This demonstrates growing institutional demand within the country.
Summary of the 5 Best Crypto Exchanges in Sweden
When buying and selling digital currencies in Sweden, it’s crucial to choose secure, regulated platforms that support Swedish Krona (SEK) payments. The exchanges below are the top recommended choices:
- Gate.io – Best Overall Exchange for Altcoin Trading
- Uphold – Top Platform for Beginners
- Bybit – Leading Derivatives Exchange
- Safello – Most Popular Local Swedish Exchange
- OKX – Ideal for Professional Crypto Traders
Gate.io
- Overview: Gate.io is the best overall crypto exchange in Sweden thanks to its vast altcoin selection, fast SEK deposit options, and competitive fee structure. With over 1,700 supported coins, it is the premier platform for altcoin enthusiasts.
- Fees: Starting at just 0.1% for taker and maker fees. VIP discounts available.
- Supported Coins: An unmatched selection of over 1,700 cryptocurrencies.
- Payments: Local bank transfers, debit/credit cards, Swish, BankID, Klarna, PayPal, and more.
- Security: Robust security features like 2FA, cryptographic encryption, and cold wallet storage.
- Regulation: Registered in Seychelles but accessible in Sweden and compliant with European regulations.
- Additional Features: Spot trading, margin trading, futures, lending, staking, VIP programs, extensive charts and analytics, trading competitions, NFT marketplace, and more.
Key Metrics:
- Monthly Visits: 11.5 million (Global Rank: #5,260)
- Registered Users: Over 14 million
- 24hr Trading Volume: Exceeds $5 billion
- Supported Currencies: 1,700+
- Year Founded: 2013
- Customer Service: 24/7 live chat, email, Discord
Uphold
- Overview: As a top pick for beginners, Uphold offers an easy-to-use platform to buy, sell, store, and stake over 250 coins and fiat currencies.
- Fees: Transparent fee structure ranging from 1% – 3.99% based on account tier.
- Supported Assets: Over 250 cryptocurrencies as well as precious metals, national currencies, and fractional equities.
- Payments: Bank transfers, credit/debit cards, Apple Pay, Google Pay and local options like Swish.
- Security: Full reserves ensured via proof-of-reserves. Additional security from mandatory 2FA, biometric logins, and role-based permissions.
- Regulation: Fully compliant across North America, Europe, and Australia. Registered in Lithuania and a licensed money service business in the U.S.
- Additional Features: Animated videos, how-to guides, beginner quizzes, and staking up to 25% APY on 30+ coins. Integrations with hardware wallets.
Key Metrics:
- Monthly Visits: 1.7 million (Global Rank: #33,220)
- Registered Users: Over 10 million
- Headquarters: United States
- Supported Assets: 250+
- Founded: 2015
- Funding Raised: $100 million in 2022
Bybit
- Overview: Bybit leads as the top crypto derivatives exchange, with extensive futures, options, and 770+ coin spot trading for advanced traders.
- Fees: Extremely competitive fees starting at 0.01% maker fee and 0.06% taker fee.
- Supported Coins: 770+ cryptocurrencies available for spot and derivatives trading.
- Payments: Bank transfers, credit/debit cards, Apple Pay, Google Pay, Swish, BankID and more.
- Security: Industry-leading security features like cold wallet storage, DDoS protection, and data encryption. Funds kept in isolated accounts.
- Regulation: Registered in the British Virgin Islands. Adheres to KYC policies and EU licensing standards.
- Additional Features: Up to 100x leverage on futures. In-depth charts, analytics, trading bots, and more tailored for active traders.
Key Metrics:
- Monthly Visits: 19.8 million (Global Rank: #2,333)
- Registered Users: Over 8 million
- Daily Trading Volume: $10+ billion
- Headquarters: Singapore
- Supported Coins: 770+
- Year Founded: 2018
- Leverage: Up to 100x
Safello
- Overview: As Sweden’s largest broker, Safello offers a beginner-friendly way to buy 50+ coins instantly with BankID or card.
- Fees: Somewhat high fees ranging from 1-5% based on volume tiers.
- Supported Coins: 50 major cryptocurrencies like Bitcoin, Ethereum, Polkadot, Chainlink and more.
- Payments: Swedish BankID, credit cards, Swish, Bankgiro, and more.
- Security: Licensed locally and utilizes Fireblocks MPC wallet technology.
- Regulation: Registered with the Swedish Financial Supervisory Authority.
- Additional Features: Easy mobile app, Safello Wallet integration, recurring buys, beginner guides and videos.
Key Metrics:
- Monthly Visits: 61,800 (Global Rank: #612,471)
- Headquarters: Stockholm, Sweden
- Supported Coins: 50
- Founded: 2013
- Trading Volume: 100 SEK to 50 million SEK
- Funding Raised: $6+ million
- Local Licensing: Swedish FSA
OKX
- Overview: OKX offers advanced trading tools, derivatives, DeFi integration, and over 300 coins tailored for experienced Swedish traders.
- Fees: Competitive maker/taker fees from 0.1% for spot trading. Discounts for high-volume traders.
- Supported Coins: 300+ spot pairs plus extensive derivatives markets.
- Payments: Bank transfers, credit/debit cards, Swish, BankID, Klarna and more.
- Security: Top-tier security features include mandatory 2FA, isolated account balancing, and DC3 distributed clearing.
- Regulation: Based in Seychelles with main offices in Hong Kong and Malta. Adheres to local regulations.
- Additional Features: Sophisticated trading dashboard with depth charts, analytics,Algo orders, pro API access, futures, margin trading, mining, staking, and loans.
Key Metrics:
- Monthly Visits: 9.2 million (Global Rank: #12,751)
- Registered Users: 20+ million
- Daily Trading Volume: $10+ billion
- Headquarters: Seychelles
- Supported Coins: 300+
- Founded: 2014
- Altcoin Offerings: 1,500+
How to Buy Crypto in Sweden as a Beginner
Follow this straightforward guide to securely buy your first Bitcoin or other cryptocurrencies in Sweden:
- Select a Trusted Exchange – Choose a regulated, well-established platform like Gate.io or Safello.
- Sign Up & Verify Your Account – Provide your email, identity docs, and proof of residence to complete KYC.
- Deposit SEK Funds – Use a local payment method like BankID, Swish, bank transfer, or debit/credit card to fund your account.
- Buy Your Chosen Cryptocurrency – On the exchange interface, select your desired crypto and amount in SEK, then complete the purchase.
- Withdraw to a Secure Wallet – For optimal security, transfer your new coins to a hardware or software wallet you control.
Cryptocurrency Regulation in Sweden
Is Crypto Legal in Sweden?
Yes, cryptocurrencies are legal in Sweden, but the regulatory environment is complex. While the central bank has explored a digital Krona, the financial regulator is cautious against volatility risks. In practice, buying and selling through regulated brokers is legal, and Sweden exhibits high crypto adoption, with over 36% owning digital assets in recent surveys.
How is Crypto Taxed in Sweden?
Profits from crypto trading face a 30% capital gains tax in Sweden, while losses are deductible up to 70%. Long-term holdings of over 12 months are taxed at 20.6-22% as business income. Sweden also has high-income tax brackets up to 52%, making detailed transaction reporting essential.
Conclusion
In summary, Gate.io, Uphold, Bybit, Safello and OKX stand out as the most trusted exchanges for every Swedish crypto investor. They offer robust security features, competitive fees, and extensive coin offerings while complying with local regulations. Choosing the right platform tailored to your needs is key for securely navigating the crypto markets in Sweden.
FAQs
Which Swedish exchange has the lowest fees?
Gate.io offers some of the lowest fees of exchanges available to users in Sweden, starting at just 0.1% for taker and maker fees. Bybit also has extremely competitive fees as low as 0.01% maker and 0.06% taker fee.
Which exchange is best for beginners in Sweden?
For beginners, Uphold and Safello are two great options in Sweden. Uphold has an easy-to-use interface and educational resources for new investors. Safello also offers a simple buying process via BankID or card.
What is the most popular local exchange in Sweden?
Safello is the most popular Sweden-based cryptocurrency exchange. Founded in 2013 and headquartered in Stockholm, it allows easy buying via BankID and is registered with the Swedish Financial Supervisory Authority.
