8 Best Crypto Exchanges in Norway (May 2022)

March 21, 2022
Blog

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Norway.

CoinSmart is the favorite among crypto investors looking for the lowest fees, bank-level security using cold storage technology, and a user-friendly platform. With CoinSmart you can trade 16 different cryptocurrencies and altcoins directly.

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Offer ends May 19.

1. CoinSmart 

CoinSmart: best crypto exchange Canada

CoinSmart is, without a doubt, the best crypto exchange in Europe in 2022. If you haven’t heard of them, that’s because they’ve been pouring money into improving their trading experience, not marketing. Still, if you ask any experienced crypto trader, they’ll tell you the same thing: CoinSmart is the best in the business.

CoinSmart’s trading fees are an incredibly low 0.20%. They offer excellent customer support via phone, live chat and email, and user accounts are verified instantly.

As a Canadian exchange, CoinSmart is regulated by several Canadian financial authorities, which keeps your money safe and secure. CoinSmart is also a publicly-traded company on Toronto’s NEO stock exchange, which means they’re subject to third-party financial and security audits at least once per year.

Most exchanges require users to trade every altcoin first with a stablecoin (eg. Chainklink with Bitcoin, and then Bitcoin with Shiba Inu), but CoinSmart allows users to trade altcoins directly (eg. Chainlink with Shiba Inu), minimizing fees and boosting their profits. And you’re buying real crypto with CoinSmart, which means you can move it on and off the exchange whenever you want.

I’ve personally used CoinSmart for more than a year now and have had nothing but excellent experiences with them. I’ve tried out many of the other cryptocurrency exchanges on this list, so I’m confident that CoinSmart is the best place to buy crypto in most European countries.

Features

  • Extremely low trading fees (just 0.20% per trade)
  • 24/7 customer support available via phone, live chat or email
  • Instant account verification
  • Supports 16 cryptocurrencies
  • Trade all altcoins directly
  • Immediate deposits and withdrawals
  • User-friendly for both beginners and advanced traders
  • 95% cold storage policy keeps your crypto extra secure

Cost

  • Trading Fees: 0.20%

Signup Bonus

$20 bonus when you sign up using this link

Best For

Investors looking to trade stablecoins or altcoins with the industry’s lowest fees.

CLAIM MY $50 BONUS
Offer ends May 19.

2. eToro 

eToro is one of the largest crypto exchanges in the world with offices in Cyprus, Australia, the UK and the US. In 2010 it released its innovative CopyTrader feature, which enables users to copy the positions of successful traders automatically.

Since then, eToro continued to expand and is now available worldwide, with over 25 million users in over 150 countries. eToro’s primary offering is its crypto exchange, but it also provides services as a brokerage and forex trading platform.

New eToro users receive a $50 bonus upon funding their account, and you can use it to buy any of the 17 cryptocurrencies available, including some of the biggest like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. eToro trading fees start at 0.75% per trade.

Features

  • CopyTrader, automatically copy a traders’ positions
  • Forex and equity trading
  • Crypto-to-crypto conversion
  • Supports 17 cryptocurrencies
  • Free digital wallet for your crypto
  • Highly rated mobile app
  • Free Demo account with $100,000

Cost

  • Account Opening: $10
  • Trading Fees: From 0.75% to 2.90%
  • Spreads: From 0.75% to 5.00% 
  • CopyTrader: Free. Min. investment $200, max $500,000

Signup Bonus

$50 bonus when you sign up using this link.

Best For

Investors looking to invest in crypto, forex, or equities, and who want access to crypto-to-crypto-conversion.

3. Coinbase

Coinbase is an American cryptocurrency exchange that was originally founded in 2012. It’s based in San Francisco and it’s one of the oldest cryptocurrency exchanges in the world. It’s also the second-largest crypto exchange in the world, the first being Binance.

Coinbase was designed to be one of the easiest places to buy, sell, and trade cryptocurrency, and it serves retail investors, businesses, and institutions alike. The sign-up process is quick, and after you create your account you will gain access to your personal online wallet.

Originally, Coinbase only supported Bitcoin, but it now supports over 100 of the biggest cryptocurrencies like Bitcoin, Bitcoin Cash, Cardano, Ethereum, and Litecoin. As a new user, you will receive a $10 bonus, and trading fees range from $0.99 to $2.99 for trades below $200 and from 1.49% to 3.99% for trades over $200.

Features

  • Supports 100+ cryptocurrencies
  • Coinbase Pro, access to research tools and graphs
  • Coinbase Earn, earn crypto for free by watching tutorials
  • Manage your crypto from your phone with the Coinbase Wallet app
  • Secure platform, Biometric auth, 2FA and access to Secure Enclave
  • User-friendly for both beginners and advanced traders
  • Earn rewards by staking certain coins

Cost

  • Account Opening: Free
  • Purchase Fees (Below $200): Flat fee, from $0.99 to $2.99 per transaction.
  • Purchase Fees (Over $200): 1.49% (US banks), 3.99% (Debit Card and PayPal)
  • Credit Transaction: 2% 
  • Bank Account:1.49%
  • Wire Transfers: From $10 to $25
  • ACH Transfer: Free

Signup Bonus

$10 bonus when you sign up using this link.

Best For

New investors looking for an easy-to-use platform or for veteran investors looking for advanced research tools.

4. NBX

NBX is one of the largest crypto exchanges in Norway, with over ten thousand users. Since its inception in 2020, it’s been working on becoming the preferred exchange in Nordic countries. Recently, NBX secured 60 million Norwegian Krones from major investors. 

This exchange supports three of the largest, most established coins: Bitcoin, Ethereum, USD Coin, and the Norwegian Krone coin (NOK). For experienced investors, NBX offers different market orders, like limit and stop orders. Trading fees are just 0.5%, and fiat/crypto deposits are free.

NBX has a cashback program; for every transaction, you earn 20% in CashPoints which you can exchange for flight tickets from the Norwegian Air Shuttle or other goodies. They’re constantly partnering with different companies, so check their page for the best deals.

Features

  • Supports 4 cryptocurrencies
  • CashPoint, earn cashback on every trade
  • Intuitive and user-friendly platform
  • NBX Dashboard
  • Access to the NBX Community and NBX Guides

Cost

  • Fiat Deposit Fees: Free 
  • Crypto Deposit Fees: Free
  • Maker’s Fees: 0.5%
  • Taker’s Fees: 0.5%
  • Withdrawal Fees: Depends on the coin (For BTC: 0.0006 BTC)

Signup Bonus

150 NOK worth of BTC bonus when you sign up using this link.

Best For

Investors in the Nordic region looking for very low fees and cashback rewards.

5. Kraken

Kraken is a cryptocurrency exchange and bank originally founded in 2011. It’s located in the United States (specifically San Francisco), and it enables you to trade fiat currencies like TRY or USD for cryptocurrencies and vice-versa. It also allows you to trade one type of cryptocurrency for another.

The exchange provides price data for digital assets to the Bloomberg Terminal, and as of December 2021, Kraken is accessible in 48 US states and 176 different countries, making it one of the more global exchanges around today.

Features

  • Very wide range of supported crypto (90+)
  • Simple and intuitive user interface
  • Kraken Crypto Watch feature that allows you to keep track of the crypto market
  • A plethora of information and educational resources on crypto for its users
  • 24/7 customer support through a variety of methods

Cost

  • Trading fees: Between 0% and 0.26% per trade
  • Crypto credit card purchases: 3.75% + €0.25
  • ACH crypto purchases: 1.5%

Best For

Cryptocurrency investors looking for an exchange with a wide array of supported altcoins and stablecoins.

6. Firi

Firi is the largest cryptocurrency exchange in Norway, with over 140,000 users. It is regulated by the Financial Supervisory Authority of Norway, and it supports some of the most established cryptocurrencies, including Bitcoin, Cardano, and Ethereum.

Firi fees are the same for all crypto, just 0.5%, and it takes security very seriously: it uses 2FA authentication, cold storage and multi-signature wallets, and is partnered with Ledger Enterprise Solutions to provide insurance through Ledger Vault. All Firi users participate in a $160 million insurance pool.

New users receive a 55 Kroner sign-up bonus after linking their BankID. Firi has many additional rewards in place, after you deposit Norwegian kroner for the first time you earn free Ethereum and when you buy your first crypto you earn free Cardano. Amounts vary, and they’re always adding new milestones.

Features

  • Kryptosparing, start savings using dollar-cost averaging
  • Hot and Cold wallet storage
  • Supports 6 cryptocurrencies
  • Your crypto is insured through Ledger Vault

Cost

  • Trading Fees: 0.5%
  • Bank Wire Deposit: Free
  • Credit/Debit Card Deposits: Free
  • Withdrawal: Depends on the coin (for Bitcoin 0,00025 BTC)

Signup Bonus

55 kroner bonus when you sign up using this link.

Best For

Investors looking for top-level security and access to the biggest cryptocurrencies.

7. Coinmama

Coinmama is a great option for new investors looking for an easy-to-use, intuitive platform. Despite having somewhat high fees, starting at 2.93%, with their loyalty program, you can get up to 25% off on all fees.

Coinmama supports 10 of the biggest cryptocurrencies, including Bitcoin, Bitcoin Cash, Cardano, Chainlink, Dogecoin,  Ethereum and Litecoin. With Coinmama you can withdraw and deposit crypto at no cost, and you can reach customer support by email, phone, chat and social media.

Coinmama offers many payment options and has partnered with many large companies, you can buy crypto with fiat money using Visa, Mastercard, Apple Pay, and many others. Its interface is ideal for new traders looking for a user-friendly platform.

Features

  • No-fee crypto withdrawal and deposit
  • Buy crypto with fiat money 
  • Payment options, Visa, Mastercard, Apple Pay, Fedwire SEPA, Sofot and SWIFT
  • Loyalty program for up to 25% rebate on all fees
  • Buy crypto you buy it directly from Coinmama 
  • Supports 10 cryptocurrencies
  • Secure platform, employs 2FA
  • User-friendly for both beginners and advanced traders
  • Instant account verification

Cost

  • Account Opening: Free
  • Trading Fees: From 2.93% to 3.90%
  • Credit & Debit Card: 5.0%
  • Apple Pay: 5.0%
  • SWIFT Transfers (US Banks): Free for transfers over $1,000 (£20 flat fee if < $1,000)
  • SEPA Bank Transfer: 0%
  • Bank Wire Deposit: 0%
  • Bank Wire Withdrawal:0%

Signup Bonus

15% off trading fees when you sign up using this link.

Best For

New investors looking for easy-to-use crypto exchange, instant account verification, and plenty of payment options.

8. KuCoin

KuCoin KuCoin is a cryptocurrency exchange that began operations in Hong Kong in 2017 and bills itself as “The People’s Exchange.” Its objective was to offer a simple and secure platform for crypto investors, and it has been a success: in just four years it has attracted over 8 million users.

Besides buying and selling crypto, KuCoin supports four market order types as well as margins, futures, and P2P trading. KuCoin Trading Bots are one of its biggest features, allowing users to invest on autopilot using dollar-cost averaging.

New KuCoin users will receive a $10 sign-up bonus, and if you’re willing to freeze your crypto for a short period you can earn up to 10% in interest. KuCoin takes security seriously, with features like multi-factor authentication, encryption, and an additional trading password.

Features

  • Users can also get trading fee discounts based on their KuCoin Token (KCS) balance.
  • Margin Trading
  • Crypto Staking, earn up to 10% interests
  • KuCoin Trading Bots, invest on autopilot using dollar–cost averaging
  • Supports 600+ cryptocurrencies
  • Supports market, limit, stop-limit, and stop-market order types

Cost

  • Trading Fees: From 0.0125% to 0.1%
  • Makers Fees: From 0.0125% to 0.1%
  • Takers Fees: From 0.0125% to 0.1%
  • Deposit Fees: Free
  • Withdrawal Fees: Depends on the coin (For BTC: 0.0005 BTC)

Signup Bonus

$10 bonus when you sign up using this link.

Best For

Investors looking for a very secure platform, different market tools, and trading bots.

What To Look For In The Best Crypto Exchanges In Norway

There are many important factors to consider when you’re looking for the best crypto exchange to use in Norway. Some of these factors include:

Supported coins: There are tens of thousands of cryptocurrencies in existence, but cryptocurrency exchanges will only support a fraction of these coins. With that in mind, the more supported crypto coins an exchange offers, the better.

User interface: Some cryptocurrency exchanges have simpler interfaces, and others are more advanced. If you’re a beginner, it’s best to go for an exchange with a simple interface so that you don’t get overwhelmed by all the extra features.

Fees: Some exchanges have higher fees than others, and this will affect your investment returns negatively (especially if you’re going to be trading a lot of money on an exchange).

Regulation: It’s important to only use exchanges that are regulated by a financial authority. This is because it ensures that the exchange is legitimate and has measures in place to protect your funds.

Deposit & withdrawal options: Consider every payment option that the exchange provides and make sure they are appropriate to your needs. Keep in mind that there might be fees associated with all payment methods, and those can also reduce your earnings.

Account security: Ideally, you should be able to move your coins out of the exchange and into a personal crypto wallet for the greatest safety. Verify that the exchange uses cold storage to safeguard users’ assets and learn what their privacy, account security, and insurance policies are.

Advanced trading tools: Conversely, if you’re a more experienced cryptocurrency trader, consider how many advanced features you have at your disposal. Charting tools, different order types, a live order book, and other features may be necessary for seasoned crypto traders.

Customer support:  Last but not least, make sure to check out the customer support options that are available at an exchange. If you have questions or need help with something, can they get back to you quickly? Is there a live chat feature where you can ask your question immediately and receive answers in real-time?

Best Crypto Exchanges In Norway FAQs

Can I Buy Cryptocurrency In Norway?

Yes, you can buy cryptocurrency in Norway if you use a cryptocurrency exchange.

Is It Legal To Buy And Trade Crypto In Norway?

Yes. Norway law does not explicitly prohibit cryptocurrencies; keep in mind some services based on blockchain technology are highly regulated.

Is Crypto Trading Taxable In Norway?

Yes. In Norway, crypto and digital currencies are taxable, as follows:

  • Any gain or profit from cryptocurrency transactions is subject to a capital tax of 22%.
  • Crypto holdings worth over 1.5 million NOK are subject to a wealth tax of 0.7%.

What Is The Best Bitcoin Trading Platform In Norway?

The best exchange to buy Bitcoin in Norway is CoinSmart, which offers bank-level protection and incredibly low fees. CoinSmart also supports 16 cryptocurrencies, processes deposits and withdrawals quickly, and validates accounts in 2 minutes or less.

CoinSmart is the best cryptocurrency exchange in Norway if you want to buy Bitcoin and other cryptocurrencies.

What Is The Best Crypto Exchange In Norway?

The best cryptocurrency exchange in Norway is CoinSmart. CoinSmart has a 95% cold storage policy, low trading fees, and a well-rated mobile app.

Conclusion

As a long-time crypto aficionado, I constantly keep up with the latest and greatest crypto exchanges coming out every day, always looking for the lowest fees and best features. I’m confident these recommendations are currently the best exchanges available in Norway. 

CoinSmart is the favorite among crypto investors looking for the lowest fees, bank-level security using cold storage technology, and a user-friendly platform. With CoinSmart you can trade 16 different cryptocurrencies and altcoins directly.

CLAIM MY $50 BONUS
Offer ends May 19.

Before You Go

Here’s a full updated list of the Best Crypto Exchanges by country, in America and Europe:

America:

Europe:

The Best Crypto Exchanges In Canada

Best Overall

Supports: 16 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.2%

$50 bonus ends May 19.

★★★★★

Rated 4.9/5

Lowest Fees

Supports: 17 cryptocurrencies
Security: 95% cold storage
Trading fees: 0.1% - 0.2%

Free account, instant verification

★★★★★

Rated 4.8/5

Best For Altcoins

Trading fees: 0.4%
Security: 95% cold storage
Signup bonus: $10

Trade with 10x leverage.

★★★★

Rated 4.2/5