Buy Crypto & Bitcoin in Norway

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  • Popular Exchanges to Buy Crypto & Bitcoin in Norway
  • eToro exchange logo
    eToro
    BUY NOW at eToro's Secure Site
    Fees
    Varies by crypto/spread
    Account Minimum
    $50
    Promotion
    None
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    • Does not support credit card buys for US users.

    Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

  • bitpanda logo
    Bitpanda
    BUY NOW at Bitpanda's Secure Site
    Fees
    0.1% - 0.15%
    Account Minimum
    $25
    Promotion
    Earn €10
    • Crypto exchange based in Europe
    • Buy bitcoin with card, SEPA, SOFORT
    • Trusted exchange
  • coinbase logo
    Coinbase
    BUY NOW at Coinbase's Secure Site
    Fees
    0% - 0.50%
    Account Minimum
    None
    Promotion
    Earn $5
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Average
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Reputation
Trusted
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Limits
High
Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

KriptomatKriptomat

Kriptomat is a Bitcoin & crypto exchange based in Europe. It offers quick verification and the ability to buy bitcoin, ether, litecoin and other coins. Buyers can get coins using a credit card, debit card, SEPA, Skrill, Sofort and other payment methods.

Pros
  • Available in 23 languages
  • Quick verification process
Cons
  • Limited payment methods
  • Only supports EU countries
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

BityBity

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.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
ease icon
Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

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%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Norway


Bitcoin is legal in Norway and recognized by the Norwegian government, which classifies it as an asset. Even with this forward thinking environment, the country's central bank is not recommending cryptocurrenies as a replacement for goverment backed securities and fiat.

But large Norwegian companies, including Norwegian Air, are looking at ways to take these currencies. In fact, Norwegian Air Shuttle (NAS) CEO Stig Aleksander Kjos-Mathisen, is also co-founder of Norwegian Block Exchange (NBX). NBX hopes to evolve into a reliable marketplace for buying, selling and making payments in cryptocurrencies.


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The Norwegian government owned NBX exchange

Thanks to Norway's Bitcoin-friendly policy, it's easy to trade as long as you're okay with verifying your identity first.

Most popular Bitcoin exchanges that serve the rest of Europe are available to Norwegian residents, including Coinbase and Coinmama.

First, you should make sure you have a secure wallet like a Trezor or a Nano S from Ledger, two of the most popular and trusted hardware wallets on the market.

Centralized exchanges are vulnerable to an attack like regular banks - keeping your Bitcoin on an exchange is an easy way to lose them.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

Don't leave your Bitcoin's security to chance - storing it offline is the safest way to make sure nobody can take your coins.

Next, sign up with one of the Bitcoin exchanges listed above, making sure to verify your identity if necessary. From there, it's just a matter of connecting your supported payment type and buying Bitcoin.

Another way to buy Bitcoins in Norway 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.


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Best Bitcoin Wallets for Norway



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

  • 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.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Norway


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 Norway that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in Norway that Support Ethereum
  • Bitpanda
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Coinbase
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Coinmama
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc

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Dogecoin How to Buy Dogecoin in Norway


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.

  • Exchanges in Norway that Support Dogecoin
  • Bitpanda
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt
  • Coinbase
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt

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 How to Buy Litecoin in Norway


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

  • Exchanges in Norway that Support Litecoin
  • Bitpanda
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Coinbase
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Coinmama
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth

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Exchange Hacks and Crypto Scams in Norway


Bitcoin Norway SIM Swap Attack

On July 3rd, 2019, the cryptocurrency exchange Bitcoin Norway notified customers that they had stopped all trading activity while they reviewed each account for "quality testing" and would begin payouts the following week.

According to Nordic publication E24, Bitcoins Norway made another announcement the following Monday. It informed its customers that they would be focibly selling their funds at a 'significantly lower rate' due to an attack on their Bitcoin supplier Alphapoint.

AlphaPoint CEO Igor Telyatnikov relayed the following response:

AlphaPoint reported to Bitcoins Norway on May 1, 2019 that a security incident had occurred...There are a number of...clarifications ...to the Bitcoins Norway report.

There was no hack of the AlphaPoint software or technology. Rather, attackers gained access through a SIM swap enabled by exploiting a vulnerability in a telecom carrier, and sophisticated spear-phishing techniques which compromised sensitive credentials....AlphaPoint immediately notified Bitcoins Norway of the security incident, and provided as much information as it could without jeopardizing the investigation.

On July 1, 2019, Bitcoins Norway made the decision to announce that it would sell end users cryptocurrency. AlphaPoint did not participate in that decision. AlphaPoint assured Bitcoins Norway that AlphaPoint would compensate Bitcoins Norway, which we are doing. We stand by our customers.

Igor TelyatnikovIgor Telyatnikov CEO, AlphaPoint

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Bitcoin Mining in Norway


Profitably mining Bitcoin in Norway is not a good idea considering their cost of electricity is around NOK 1.09 (almost $0.10 US).


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Euro cents per kw hour in Norway

Electricity cost and the price of Bitcoin are the two leading factors that determine Bitcoin mining profitability, not considering the startup cost of buying ASIC mining hardware, a space to set up, etc.

While their electricity is cheaper than that of the United States, it's still too expensive to turn a profit with the current price of Bitcoin.

If you want Bitcoin, mining is not the fastest, cheapest, or most straightforward way - instead, buying Bitcoin from one of the exchanges is far quicker.

Bitcoin has fallen far from its golden age of mining. If you want to calculate your profitability mining in Norway, you can use our Bitcoin mining profitability calculator.

There used to be a subsidy for cryptocurrency miners in terms of tax cuts on power purchases, but these ended in 2018.


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FAQ


Does Coinbase work in Norway?

Citizens of Norway 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 Norway?

There is only one Bitcoin ATM in Norway, and it is located in the Babylon Damp in Kristiansand. It only supports buying, so if you are looking to sell, you'll need to use and exchange or localbitcoins.com

Use our Bitcoin ATM finder tool to get more info on that ATM.

What is the price of Bitcoin in Norway?

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.

Does Norway subsidize electricity for bitcoin mining?

The Norwegian government used to offer cryptocurrency miners a subsidy on the taxes they paid for electrcitiy, however that subsidy ended in November of 2018.


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How do I cash out of Bitcoin in Norway?

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

As mentioned previously, you can also use automated teller machines (ATMs) to buy Bitcoin.

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.

About the Author: Jordan Tuwiner

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.