Best Crypto Exchange in Sweden

Looking for a simple and secure place to exchange crypto in Sweden? Look no further than CoinSmart!

Entering the crypto space can be a tricky experience, navigating through the different exchanges may be confusing and overwhelming for new traders. Cryptocurrencies are volatile assets, causing investing in cryptocurrency to be highly risky. 

When finding an exchange in Sweden, it is important to consider what best fits your activity. Swedish exchanges may have very different features depending on your trading requirements. 

Here’s a look at the top exchanges currently available in Sweden. 

1. Best for Simplicity: CoinSmart

The crypto industry is booming and CoinSmart is on a mission to make cryptocurrencies like Bitcoin, Ethereum, and altcoins like Doge and Solana accessible to everyone. With a crypto trading platform designed to break down the barriers of complex and confusing crypto transactions, CoinSmart offers simplicity, learning tools for all levels, as well as 24/7 omni-channel support. 

CoinSmart is a regulated, Canadian-headquartered crypto asset trading platform registered with the Ontario Securities Commission and securities regulators across Canada, allowing Canadians to buy and sell crypto in as little as five minutes. CoinSmart is also one of the first Canadian-run trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

2. Best for Security: Coinbase

Coinbase is one of the largest and most well-known cryptocurrency exchanges in the world. It is a great place for users to start buying and storing crypto. Coinbase offers additional services like the Coinbase Wallet app as well as Coinbase Pro. The Coinbase Pro feature allows for a more expansive trading platform with a live order book as well as a trading history. For anyone interested in buying cryptocurrency quickly and easily, Coinbase is a great choice. 

3. Best for Social Trading: eToro

eToro is a great exchange for individuals looking to get started trading cryptocurrency with a social aspect. The social trading platform provided by eToro is simple and smooth, offering a nice experience for users. Traders are able to see the positions of other traders, which adds an entirely new aspect to trading. This feature enables traders to replicate other traders’ actions in real-time, called copy trading. For anyone interested in buying cryptocurrency as well as viewing other traders’ positions, eToro is a great option. 

4. Best for Leverage Trading: FTX

FTX is a trading platform designed by traders with the goal to provide a robust trading platform. 

FTX is a cryptocurrency exchange that specializes in derivatives, index, futures and leveraged tokens that can be traded with margin. This allows traders to use their assets as collateral in order to leverage different positions. For users looking to trade on margin, FTX is a good choice. Always do your own research before executing a trade on margin. 

5. Best for Crypto Rewards: Crypto.com

Crypto.com is a cryptocurrency exchange that allows users to buy, sell and trade digital assets. There are also a few credit cards offered by crypto.com with varying rewards, ranging from 1% to 8% APR. The Crypto.com credit card has a no-fixed-payment schedule as well as no monthly late fees or deadlines. For users wishing to earn crypto rewards on cash purchases, the Crypto.com credit card may be a good option. 

Cryptocurrency Exchange Types

Broker

A cryptocurrency broker is a firm or an individual that acts as an intermediary for market purchases. A broker enables buying and selling for customers at a set price. Usually, a broker will charge a premium for using the platform. 

Exchange

On the other hand, crypto exchanges provide an online platform for individuals to buy, sell and trade cryptocurrencies all by themselves. Exchanges act as the intermediary and charge a fee for trading, this allows users to execute trades at their desired market price. 

Current Crypto Prices

As the decentralized finance (DeFi) industry continues to develop, crypto price action continues to reflect that. Taking a step back, the overall crypto market seems to be holding, but it has fallen so much since the depegging of Terra that it will take some time to recover.

What to Look for in a Cryptocurrency Exchange

Security

When dealing with cryptocurrency, security is one of the most important aspects to consider. When using an exchange, traders want to feel as if they can trust that their money is safe. A secure exchange should have control systems that detect and block suspicious transactions. It is also highly recommended to consider 2-factor authentication systems for additional security. 

Exchange rates

Most cryptocurrency exchanges take a small percentage as a fee for every buy and sell order. Exchange rates vary largely depending on the exchange a trader is using. It is always best to do your own research on all the different exchange rates before executing trades. 

Crypto Regulation in Sweden

In Sweden, cryptocurrencies are recognized as property under Swedish law and are afforded the same protection as any other type of property. Swedish law does not contain any specific regulation against cryptocurrencies. 

What You Need to Open a Crypto Account in Sweden

All exchanges require users to verify their personal identity before they can begin trading. Usually, It will start with filling out your personal information: legal first and last name. Followed by selecting the government identification you wish to use (ID, passport) then taking a photo and sending it in. Finally, users must send in a picture of themselves to match the form of identification previously sent. 

Best Crypto Wallets in Sweden

When trading crypto, it is important to make sure that your assets are safe. This can be done by using a software wallet like ZenGo, or a hardware wallet like Ledger.

ZenGo is a mobile software wallet, excellent for users wishing to store their cryptocurrency. This wallet also removes the worry of keeping your private keys because of the facial biometric feature. 

Ledger is a great hardware wallet for those wishing to cold store their assets. The device is primarily an offline hardware wallet, which can also connect to Bluetooth and USB for computer and mobile use. 

Choose your Exchange 

When researching an exchange, make sure to look at the platform, fees, security and ease of use before deciding what works best for you. The exchange platform you use can heavily impact your ability to trade, so make sure to pick what best fits your needs. If you would like more detailed information about crypto or reviews on different exchanges, visit our cryptocurrency landing page.

Frequently Asked Questions