Buy Crypto & Bitcoin in the Sweden

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Discover the best way to buy Bitcoin in America. This article provides an overview of purchasing Bitcoin and answers the most commonly asked questions about buying cryptocurrency.

Best Overall Exchange
Coinbase logo

Coinbase is our recommended option for those who want to buy cryptocurrency in the Sweden. Coinbase has been around for several years and consistently ranks as one of the best and safest exchanges to buy Bitcoin.

Best Crypto Exchanges in Sweden

Summary of Best Crypto Exchanges in Sweden

Coinbase logo

Best Overall

0% - 0.50%
trading fees
Account Minimum
Earn $5 in Bitcoin when you signup and deposit money into your account

Best Social Platform

trading fees
Account Minimum
Earn $10 when you signup and deposit money into your account

Largest Exchange

trading fees
Account Minimum
Earn $5 when you signup and deposit money into your account

Buy Bitcoin in Sweden

Cryptocurrency has become one of the most popular investment methods in the last several years. In this article, I will give you everything you need to know to buy crypto in Sweden so you invest in a new era of finance.

I will cover the laws and regulations concerning cryptocurrencies in Sweden. I will also add some suggestions on how to buy Bitcoin in Sweden and answer some common questions about how to buy Bitcoin in Sweden.

As cryptocurrencies have become increasingly popular and mainstream, few countries have comprehensive legislation regarding their regulation. Sweden is one of several countries that has enacted some laws but lacks thorough legislation regarding cryptocurrencies. 

In Sweden, cryptocurrencies are currently treated as property and are considered legal tender.  However, crypto exchanges, brokers, wallets, and businesses are regulated by the Swedish Anti-Money Laundering Act (AML Act).

The AML act protects Swedish consumers, while the lack of other legislation provides a unique opportunity to buy Bitcoin in Sweden. 

The AML Act will protect your investment, but the lack of comprehensive legislation means that you will still have the independence of the blockchain. You can still buy Bitcoin in Sweden.

Best Crypto Exchanges in Sweden

Sweden crypto exchanges are an excellent medium for you to buy your Bitcoin safely and securely from a website or app. Many of these platforms offer high-security standards, proof of reserve, high liquidity, low fees and more.

Coinbase - Best Overall

Coinbase is the #1 crypto exchange and platform where you can buy, sell, and exchange digital currencies such as Bitcoin, Ethereum, and Litecoin.  Coinbase fees vary based on your payment method. Coinbase offers Sweden customers bank, credit card, and debit cards.

Bank Account transfer fees are relatively low at about 1.5%, but it takes five days to get your coins. Credit/Debit Card purchases will cost you about 4%. The advantage to this is that you get your crypto instantly.

You can trade over 100 cryptocurrencies in Coinbase with over 9,400 digital assets listed.

eToro - Best Social Platform

eToro is a global investment platform that allows users to invest in Stock & ETFs, Cryptocurrencies, and C.F.D. Trading.  Fees vary depending on if you're funding your account with fiat or cryptocurrencies. 

Customers in the United States pay a spread of 0.75 percent to 5.0 percent on assets.  Conversions from fiat to crypto will cost a 5% fee.  There are zero fees charged on withdrawals, but the drawback is you have to withdraw at least $30.

eToro supports the trading of more than 40 crypto assets.

Binance - Largest Exchange

Binance is my favorite cryptocurrency exchange with a focus on crypto-to-crypto trading. The platform has a token called BNB to pay fees at a discounted rate.

You can also participate in their quarterly BNB token burn to generate additional value for all the coin holders.  Binance can process fast orders, has multi-language support, and has over 60 crypto pairs available for trading. 

Binance charges a 0.1% fee for spot trading and a 0.5% fee for quick buy/sell trades.  You can also buy crypto via a free A.C.H. transfer or a credit/debit card transfer at 4.5%.

A wire transfer has a fixed $15 fee for buying tokens.

Best Crypto Wallets in Sweden

Crypto wallets are like bank accounts, except they don't hold your currency. They store your private key, giving you access to the blockchain corresponding with the wallet.

Ledger Nano X

The Ledger Nano X is a multi-currency, Bluetooth-enabled hardware wallet that allows you to store Bitcoin securely, Ethereum, and many other supported coins. The device also supports Lightning Network payments for instant transactions between devices or friends without miner confirmation.

The Ledger Nano X costs $149 before tax, and you can buy it directly from the official website here.  Supported Currencies: BTC, ETH, ETC, Dash DOGE, Zcash (ZEC), Ripple (XRP), and more.

Trezor Model T

The Trezor Wallet is a hardware cryptocurrency wallet designed to keep your currencies safe.  The device also supports the technology of smart contracts, which allows you to create transactions on the Ethereum blockchain that are self-executing, self-enforcing, and impossible to rescind.

You can buy the Trezor Wallet for $215 directly from here.  Supported Currencies: BTC, ETH, Litecoin (L.T.C.), E.T.C., B.C.H. (and all ERC20 tokens).

Coinbase Wallet

The Coinbase Wallet is a user-friendly online wallet that allows you to store over 4,000 assets. The app also provides access to Dapp's decentralized exchanges and offers the ability to create your token within seconds.

Coinbase has two versions of their wallet, one for mobile devices (Android & IOS) and one for computers (Browser Extension), which are all free. You can find the mobile wallet guide here and the browser extension guide here.

Supported Currencies: BTC, ETH, LTC, and all ERC20 tokens.

Crypto Laws & Rules in Sweden

Cryptocurrencies are not regulated in Sweden yet, but the Swedish Financial Supervisory Authority (FSA) has been monitoring the development of the technology and has published several reports on the topic. 

In November 2017, the FSA issued a warning to investors about the risks of investing in cryptocurrencies. The Swedish Tax Agency has also issued guidance on the tax treatment of cryptocurrencies.

Crypto Tax Laws in Sweden

Since the beginning of 2019, crypto assets have been subject to Swedish tax law. If you buy or sell crypto assets, you may be liable for taxes. If you buy Bitcoin in Sweden, it is treated as property under current Swedish law.

It is recommended to keep these things in mind when it comes to crypto taxes in Sweden:

  • If you buy crypto assets for investment purposes, you will be subject to capital gains tax. This is called interest income tax in Sweden.
  • If you buy crypto assets for personal use, you will not be subject to capital gains tax.
  • If you mine crypto assets, you will be subject to income tax.
  • If you use crypto assets to pay for goods or services, you will be subject to value-added tax (VAT).

So, if you're looking to buy Bitcoin in Sweden, it's essential to keep these tax laws in mind.

Should You Invest in Bitcoin or Crypto in Sweden?

Cryptocurrencies are one of the most popular investments in the world right now. Slowly but surely, the world is advancing towards digital assets. As much growth has occurred in the last several years, there is still space for more. 

I believe that digital assets like Bitcoin and other cryptocurrencies are the way of the future. Cryptocurrencies allow individuals to send currency almost instantaneously to any location in the world. 

Furthermore, since a national government does not determine a cryptocurrencies value, they offer a way to hedge against the possibility of inflation. 

Finally, as cryptocurrencies become more popular and move toward global acceptance, their value will increase. It is an excellent opportunity to buy Bitcoin in Sweden.

You can invest in the future of worldwide finance and make money simultaneously.  There are many more gains to be made in the cryptocurrency world.

You still have time to take advance of this opportunity and join the future of finance.  I suggest taking advantage of the lack of comprehensive legislation in Sweden and identify the exchanges where you can buy Bitcoin in Sweden today. 

You can buy cryptocurrency through one of these regulated exchanges free from the fear of fraud. 

Sweden Crypto FAQ's

Here are some answers to commonly asked questions regarding how to buy Bitcoin in Sweden.

Is it easy to buy crypto in Sweden?

Yes, it is easy to buy crypto in Sweden. Many exchanges allow you to purchase crypto with FIAT currency. You can also use a variety of wallets to store your crypto, and many of the wallets are free to use.

Can you buy crypto in Sweden with a debit or credit card?

Yes, you can buy crypto with a debit or credit card in Sweden. Several exchanges allow you to do this, including Coinbase, eToro, and Binance.

Debit card: You can use your debit card to purchase crypto on an exchange like Coinbase. You will need to provide your card information and billing address.

Credit card: You can also use your credit card to buy crypto on an exchange. However, you will likely be charged more than when using a debit card.

Can you buy bitcoin anonymously in Sweden?

Yes, you can buy bitcoin anonymously in Sweden. There are several ways to accomplish this, but the most common is to use a service like LocalBitcoins. With LocalBitcoins, you can buy bitcoin without revealing your identity. 

The only information you need to furnish is your email address.  Another way to buy bitcoin anonymously in Sweden is to use a Bitcoin ATM.

There are a number of these ATMs around the country, and they allow you to purchase bitcoin without revealing your identity. The only information you need to furnish is your phone number.

Finally, you can also buy bitcoin anonymously by using a service like Bitquick. With Bitquick, you can find someone willing to sell you bitcoin without revealing your identity.

The only information you need to provide is your email address.  All of these methods are relatively simple and easy to use. However, it is essential to remember that you are not completely anonymous when using them.

While your personal information is not revealed, your transactions are still public.

Can I sell my Bitcoin whenever I want in Sweden?

Yes, you can sell your Bitcoin whenever you want in Sweden. There are no restrictions on the sale of cryptocurrencies in Sweden. You can sell your Bitcoin through a cryptocurrency exchange or directly to another person. 

If you sell your Bitcoin through an exchange, you will need to create an account and verify your identity.

Best Crypto Exchanges in Sweden Recap
Best Crypto Wallets in Sweden Recap