8 Best Crypto Exchanges In Sweden (May 2022)

March 28, 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 Sweden.

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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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.

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Offer ends May 19.

2. 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.

3. 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.

4. FTX

FTX is a cryptocurrency exchange based in the Bahamas, and is among the five biggest crypto exchanges in the world, behind Coinbase, Binance, and Bitfinex. Compared to its competitors, FTX ranks high thanks to its very low fees, starting at 0.07% and 0.02%, and its access to over 300 cryptocurrencies.

FTX is regulated by the Securities Commission of the Bahamas  (SCB), and in terms of security, it offers 2FA authentication and hot and cold wallets. FTX supports futures, margins, spot, and leveraged trading, and you can earn rewards by staking crypto. Additionally, they offer advanced research tools for experienced investors and fiat-to-crypto purchases (USD, GBP, EUR, AUD, HKD and CAD).

As a new FTX user, you can receive a 5% rebate off all fees by using this link.

Features

  • Supports futures, margins, and spot trading
  • Leveraged trades
  • Advanced research tools
  • Supports fiat-to-crypto
  • Supports 300+ cryptocurrencies
  • Earn rewards by staking crypto
  • Hot and cold wallet available
  • 2FA authentication

Cost

  • Deposit Fees: Free
  • Withdrawal Fees: Free (very small withdrawals incur a 0.1% fee)
  • Maker’s Fee: From 0.02% to 0.00% (based on volume)
  • Taker’s Fee: From 0.07% to 0.04% (based on volume)

Signup Bonus

5% off all trading fees using this link.

Best For

New and experienced traders looking for low fees and fiat-to-crypto purchases.

5. Safello

Safello is a Swedish cryptocurrency exchange that supports some of the biggest cryptos, including Bitcoin, Chainlink, Ethereum, Polkadot and Polygon. Safello doesn’t support transactions between crypto pairs, but you can complete fiat-to-crypto transactions to buy your first crypto using NOK, DKK, SEK, CH or GBP.

Currently, Safello is available in the European Economic Area (EEA) and the UK only, and it is regulated by the Swedish Financial Supervisory Authority and listed on the Nasdaq, since 2021. Safello supports plenty of payment options, including Swish, Visa, Mastercard and SEPA bank transfers, and customer support is available through phone and chat.

Features

  • Intuitive interface ideal for beginners
  • Highly regulated
  • Supports 5 cryptocurrencies
  • Create your digital wallet upon signup
  • Supports Swish, Visa, Mastercard, SEPA
  • Customer support available through phone and email

Cost

  • Maker’s Fees: 3%
  • Taker’s Fees: 7%
  • Swish, VISA, and Mastercard Deposit Fees: 7%
  • Bankgiro, SEPA Deposit Fees: 3%
  • Withdrawal Fees: Depends on the crypto (0.0005 BTC for BTC)

Best For

New traders looking to buy their first crypto and looking for an easy-to-use platform.

6. Gate.io

Founded in 2013, Gate.io is among the top 10 crypto exchanges in the world by volume, and it is the largest in terms of offerings: currently, it supports over 1,200 different cryptos. Among the biggest, there’s Bitcoin, Bitcoin Cash, Dogecoin, and Ethereum.

Gate.io has a very interesting rewards system: the GateToken (GT). Similar to Binance’s BNB Coin, GateToken can be purchased from any exchange, and if you’re holding GateTokens when you’re purchasing or selling crypto, you get a significant discount on the fees. If you hold 500 GT in your wallet you get the maximum discount.

As a new Gate.io user, you can receive a 30%-50% rebate on all your fees. If you have a significant audience, you can signup for their ambassador program and refer friends to earn additional rewards. Keep in mind this bonus stacks with your GateTokens discount, and it’s important to note that Gate.io doesn’t allow for fiat deposits.

Features

  • Earn discounts by holding GateToken (GT)
  • Supports 1,200+ cryptocurrencies
  • Cold and hot wallet storage
  • 2FA authentication and withdrawal password

Cost

  • Maker’s Fees: From 0.2% to 0.155%
  • Maker’s Fees (*Holding GT tokens): From 0.15% to 0.116%
  • Taker’s Fees: From 0.2% to 0.165%
  • Taker’s Fees (*Holding GT tokens): From 0.15% to 0.124%

Signup Bonus

30%-50% rebate on all your fees when you sign up using this link.

Best For

Investors who already have crypto and are looking for a spot trading platform.

7. 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.

8. Crypto.com

Crypto.com Exchange

Crypto.com is a major global player that brings a mature, proven exchange to Canadian crypto investors. It supports 100+ cryptocurrencies, making it an ideal fit for anyone looking to invest in undiscovered altcoins before the masses.

Crypto.com offers some unique features that no other Canadian cryptocurrency exchanges can match. Users can trade options and futures contracts, earn interest by staking their coins, and make trades with up to 10x leverage when they feel particularly confident in a coin.

Crypto.com also has invested an enormous amount of money into its platform security, which makes trading with them extremely safe. The exchange is lightning quick (prices update dozens of times per second), which gives day traders an upper hand over the rest of the market.

Overall, Crypto.com is a solid exchange for investors looking to cash in on brand new altcoins. If you’re just looking to buy more mainstream coins like Bitcoin and Ethereum, though, I suggest either Bitbuy or CoinSmart instead.

Features

  • Average trading fees (0.4%)
  • Supports 100+ cryptocurrencies
  • Allows up to 10x leverage
  • Trade crypto derivatives (futures and options contracts)
  • Earn daily interest by staking your coins
  • Purchase newly-listed coins at up to 50% off
  • Free deposits from all cryptocurrencies

Cost

  • Account Opening: Free
  • Trading Fees: 0.4%

Best For

Investors looking to buy altcoins and other new crypto assets before they go mainstream.

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Extremely secure, 10x leverage

What To Look For In The Best Crypto Exchanges In Sweden

There are many important factors to consider when you’re looking for the best crypto exchange to use in Sweden. 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 Sweden FAQs

Can I Buy Cryptocurrency In Sweden?

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

Is It Legal To Buy And Trade Crypto In Sweden?

Yes. In Sweden, crypto is considered an asset rather than a currency and is subject to a 30% capital gains tax. Loses are deductible, depending on the case, for up to 70%..

Is Crypto Trading Taxable In Sweden?

There are three different scenarios:

  • If you’re buying crypto with Fiat currencies you don’t have to pay taxes, but you need to add it to your Average Cost Basis.
  • If you’re selling crypto for Fiat you have to declare it as capital gains, no matter if it’s at a loss.
  • If you’re trading crypto for another crypto, you have to declare it as capital gains on the crypto you sold. 

Keep in mind you have to calculate the price in local currency, that is SEK, at the time of the trade..

What Is The Best Bitcoin Trading Platform In Sweden?

The best exchange to buy Bitcoin in Sweden 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 Sweden if you want to buy Bitcoin and other cryptocurrencies.

What Is The Best Crypto Exchange In Sweden?

The best cryptocurrency exchange in Sweden 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 Sweden. 

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