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Bitstamp Bitstamp is one of the world's largest and most well-known Bitcoin & crypto exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.
Bity Bity is a Bitcoin exchange and ATM operator, based in Switzerland. Their 5 ATMs allow for a quick first purchase and only require phone verification for an initial buy limit of 1,000 EUR or CHF. Their online service accepts wire transfers, SOFORT and online bank transfers.
Bitcoin ATMs You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs
Bitfinex Hong Kong-based Bitfinex has long been one of the largest USD Bitcoin exchanges in the world. Bitfinex accounts may be funded by bank wire only, their fee on accepting such transfers is low at only 0.1%.
In August 2016, however, it was hacked and lost around 30% of its users funds. While Bitfinex can be helpful for buying large amounts of bitcoins, it is probably best to not use the exchange until it fully compensates affected users.
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In 2021, there was a crackdown on tax evasion related to cryptocurrency:
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 Coldcard or Trezor T, 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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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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Citizens of Denmark can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
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.
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.
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 electricity 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 actually 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.
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.
Recent news stories and interesting bits about Bitcoin in Denmark:
Denmark's financial regulators have instructed local banks not to hold cryptocurrency as a hedge against trading risks. On July 4, the Danish Financial Supervisory Authority (DFSA) directed Saxo Bank to liquidate its cryptocurrency holdings.
However, the DFSA's order does not prevent Saxo Bank from offering crypto services. The bank stated that this directive will have a "very limited impact" on its operations and no significant changes for its customers.
On April 19, Danish startup Januar received a Payment Institution License from the Financial Supervisory Authority (DFSA). This allows them to operate in 30 European Economic Area markets. Januar connects crypto businesses to IBAN infrastructure, enabling them access to compliant fiat banking services. The firm, founded by former Chainalysis staff in 2021, addresses the industry's banking service challenges.
BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.
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