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.
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.
Safello Buy Now Safello is a Bitcoin exchange based in Sweden and fully-registered as a financial institution. It offers a wide range of payment methods - Swish, SEPA, Bank Cards, SWIFT, Faster Payments and Bankgiro - to Swedish customers.
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%.
Bitfinex Buy Now 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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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 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 easily 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 the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, 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.
COMPARISON
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Sweden 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 Sweden:
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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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:
QuickBit has recently adopted a third-party system for supplementary security screening of customers. In connection with the delivery of this system, it has been on a server that has been visible outside QuickBits firewall for a few days, and thus accessible to the person who has the right tools.
Jörgen Eriksson Managing Director, QuickBitIn 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.
On certain websites and in social media, claims have been made that it is possible to purchase e-kronas.
The Riksbank has also been contacted by individuals describing how they have been called by companies claiming to be selling e-kronas on behalf of the Riksbank.
Riksbank Public RelationsCitizens 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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Citizens of Sweden can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Unfortunately, there aren't any Bitcoin ATMs in Sweden as of October of 2020.
The current price of Bitcoin in Sweden is SEK 95,403, however this amount changes every minute, so always check the value on your local exchange.
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.
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.
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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