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Get yourself a hardware wallet like the Trezor before you sign up for an exchange. Some exchanges don't include built-in wallets, and the ones that do are vulnerable to theft.

Investing in Bitcoin is no joke, and your top priority should be protecting your coins.

Thanks to Sweden's Bitcoin-friendly regulation, the next steps are pretty easy. Select one of the exchanges above that best fits your privacy, fee, liquidity, and payment criteria.

Verify your identity, connect a supported payment method and trade to your heart's content!

If you want to support a local exchange based in Sweden, Safello is a trusted option with high limits and fast transactions.

Safello's homepage

Safello's platform is easy to use, and available in 31 countries aside from Sweden. With a wide variety of payment methods, most European citizens will love this exchange. However, it's only possible for citizens of the EEA or the UK.

They promote three primary value propositions: speed, security, and transparency.

Safello excels in all three areas, which is why they've earned a trusted reputation among their customer base, both in Sweden and abroad.

You can also opt for one of the cryptocurrency exchanges outlined above, all of which also support Sweden. You can select one based on your requirements and preferences since different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

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

• 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 Sweden 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 Sweden that allow you to buy litecoin and other crypto assets for good exchange rates.

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QuickBit Data Breach

In July of 2019, Swedish digital currency exchannge QuickBit announced that a data breach on their customer databases had occured, affecting 2% of their client's information. Of the data exposed included names, addresses, email addresses, and card information. Passwords and social security numbers were not exposed, so no account funds were at risk of being stolen.

Managing director Jörgen Eriksson wrote in a release what caused the breach:

e-Krona Scam

In 2017, Sweden's Riksbank launched a project to digitize the Swedish Krona on a blockchain. However, the project has not been completed and no news of whether it will ever see the light of day has been announced by Riksbank.

That did not stop some scammers from pretending to issue releases as Riksbank in order to get unsuspecting victims to send real Krona in exchange for fraudulent 'e-Krona'. Riksbank was quick to issue a statement on this phenomenon.

Citizens are urged to reject and report solicitations to buy e-Krona to Swedish authorities since there are currently no plans on the part of the Swedish government to sell e-Krona to the public.

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Bitcoin mining is not the fastest or the easiest way to acquire Bitcoin, and for most people, it's better to buy Bitcoin directly from an exchange or a trusted peer.

Mining requires expensive hardware, lots of time, and a huge electricity bill, especially considering Sweden's electricity price of ~1.776 Kronas per kWh.

In comparison, the United States' citizens pay roughly $0.12 per kWh, and Bitcoin mining isn't profitable there either.

If you want to run a profitable mining operation, you have to mine in a country with dirt-cheap electricity like Georgia, China, or India. And even then, only large scale mining farms run by big corporations are profitable.

To calculate your profitability given your specific hash rate and electricity cost, check out our mining profitability calculator.

Otherwise, choose one of the exchanges listed above, and buy Bitcoin directly instead.

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Does Coinbase work in Sweden?

Citizens of Sweden 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 Sweden?

Unfortunately, there aren't any Bitcoin ATMs in Sweden as of October of 2020.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Sweden?

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 Sweden

Bitcoin is accepted at lots of stores and service providers all over Sweden. 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

How do I cash out of Bitcoin in Sweden?

Any exchange with a Swedish Krona trading pair will allow you to sell your Bitcoin for fiat currency. Safello has SEK trading pairs for many popular coins.

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.