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Denmark's population is among the best educated in Europe, and its population has taken an interest in Bitcoin. The European nation is a contributor to blockchain technology, thanks to Denmark's warm investment climate.

The government doesn't regulate Bitcoin in Denmark, nor do they view Bitcoin as legal tender. However, the Danish government allows Bitcoin to be used as an asset and as a good. Residents of Denmark are allowed to use Bitcoin to perform any legal activity, along with the exchanges that support it.

The capital of Denmark, Copenhagen - fast becoming a hub for Bitcoin

Buying Bitcoin in Denmark is fast and easy. There are more than 20 popular exchanges available to residents of Denmark, including Coinbase and Coinmama.

Both of those exchanges have built-in wallets where you can store your Bitcoin and other tokens, as do most of the exchanges on this list.

But that doesn't mean you should use them - storing your Bitcoin on an exchange is risky, as wallets on centralized exchanges aren't secure.

Using a hardware wallet to store your private key securely is the best way to protect your investment, which should be of the utmost priority. We recommend the Ledger Nano S or the Trezor, two of the most popular and trusted wallets on the market.

After your wallet situation is taken care of, it's all downhill from there. Choose one of the exchanges above, verify your identity (if necessary), and trade away.

If privacy is a concern for you and you'd prefer not to expose your identity, Denmark also has three Bitcoin ATMs, which are usually far more private than an online exchange. You can locate Bitcoin ATMs in Denmark using our Bitcoin ATM Map.

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There are three main types of Bitcoin wallet and all of them are supported in Denmark:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Denmark that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Denmark that allow you to buy litecoin and other crypto assets for good exchange rates.

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As of September of 2020, we could find no exchange hacks or significant scams affecting Denmark or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Denmark.

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Denmark is probably one of the last places on earth you'd want to mine Bitcoin. Electricity prices in Denmark are absurdly high in comparison to countries like China, India, Kuwait, and Georgia.

Your hash rate to power consumption ratio is key for Bitcoin mining profitability, and they're two variables you have control over in the profitability equation.

Using the latest, most efficient mining hardware is the first step. At the time of writing, Bitmain's Antminer S19 is top-of-the-line, hashing at 95 Th/s, and drawing 3250 watts from the wall.

When we plug those numbers into our mining profitability calculator, and using Denmark's electricity price of $0.30 per kWh, profitability comes out to negative $6,700 per year.

The same miner would turn a profit of $1,162 with the current price of BTC in Kuwait because Kuwait's electricity is only $0.02 per kWh.

Bitcoin mining may be a profitable way to acquire Bitcoin for tech-savvy individuals with a lot of time, energy, and money to invest upfront, but only in certain situations, and certainly not in Denmark.

If you want Bitcoin now, buying it from an exchange or a peer is your best bet.

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Does Coinbase work in Denmark?

Citizens of Denmark can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

• Bank Deposit
• PayPal
• 3D Secure Credit Card
• Debit Card
• Credit Card

Where Can I Find a Bitcoin ATM in Denmark?

There are 3 Bitcoin ATMs in Denmark, all located in Copenhagen. One in each of The Dubliner locations (one at Ny Østergade 14, and one at Amagertorv 5), as well as the Ahaaa! Det Arabiske Madhus! located at Nørrebrogade 51.

You can use our Bitcoin ATM finder tool to find the one nearest you.

What is the price of Bitcoin in Denmark?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Which stores accept Bitcoin in Denmark

Bitcoin is accepted at lots of stores and service providers all over Denmark. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.

The colored sections indicate areas where there is heavier acceptance of Bitcoin

Does Bitcoin use more electricity than Denmark?

According to the International Energy Agency, a non-profit that works with governments and corporations to secure sustainable energy policies internationally claims that Denmark consumes about 33.4 TWh of elctricity each year. It also emits about 32. Mt of CO2 each year.

By contrast, according to Digiconomist, Bitcoin consumes about 70 TWh of electricity and emits ~33 Mt of CO2 each year.

That means that Bitcoin atually consumes more than double the electricity that Denmark consumes while emitting about the same amount of CO2.

Denmark is considered the most climate friendly country in the world. Bitcoin emits about half the CO2 per KWh that Denmark does. So if Bitcoin were a country, it would actually be the most climate friendly country on Earth by double the next most climate friendly country.

How do I cash out of Bitcoin in Denmark?

Any exchange with a DKK trading pair will allow you to sell your Bitcoin for fiat currency. Bitit has DKK trading pairs for many popular coins.

Another way to buy Bitcoins in Denmark is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.