We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Coinbase Pro Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
Kriptomat Buy Now 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.
Bitpanda Pro Buy Now Bitpanda Pro is Bitpanda's traditional exchange product, where users trade with each other instead of buying directly from Bitpanda. This means lower fees and more advanced trading options than Bitpanda's main brokerage service.
Bity Buy Now 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 Buy Now 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%.
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Bitcoin is legal in Norway and recognized by the Norwegian government, which classifies it as an asset.
Large companies in Norway have also taken a liking to Bitcoin, including Norwegian Air, which has said it'll be accepting Bitcoin payments for flights soon (from Norwegian citizens only).
They've even decided to create their own Norwegian Bitcoin exchange, called Norwegian Block Exchange (NBX).
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.
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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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Norway has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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There are three main types of Bitcoin wallet and all of them are supported in Norway:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
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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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 Telyatnikov CEO, AlphaPoint-
Profitably mining Bitcoin in Norway is not a good idea considering their cost of electricity is around NOK 1.09 (almost $0.10 US).
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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Citizens of Norway can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
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
The current price of Bitcoin in Norway is NOK 103,716, however this amount changes every minute, so always check the value on your local exchange.
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.
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.
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.
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