Cryptocurrency exchanges in Sweden | Exchangify

Want to buy bitcoin (BTC) but don’t know how? If you’re new to the world of cryptocurrency, understanding exactly how bitcoin works and how and where you can buy bitcoin in Sweden is a pretty big challenge.

To help you make sense of the jargon and safely get your hands on some of the world’s most well-known digital currency, we’ve put together this beginner’s guide to buying bitcoin in Sweden.

This is our quick guide to just one way to buy bitcoin. Compare some other options in the table below.

Bitcoin is the world’s oldest and biggest digital currency by market cap.

We use cookies to give you the best online experience.

By using our website you agree to our use of cookies in accordance with our cookie policy. Read more about cookies

Bitcoin: some call the world’s best-known cryptocurrency a fad, others call it the future. Whichever it turns out to be, there’s no denying it presents a fascinating alternative to traditional currency.

Sweden has enthusiastically embraced bitcoin and is marching at the forefront of the cryptocurrency revolution.

“Sweden is among the leaders in the global bitcoin market,” confirms Claire Ingram Bogusz, a researcher at Stockholm School of Economics specialising in bitcoin and other cryptocurrencies.

Sign up with Coinbase and manage your crypto easily and securely.

You might have read the headlines.

“Sweden could be the first economy to introduce its own cryptocurrency” (Business Insider) or “Sweden’s Very Own Bitcoin” (Bloomberg). But why would a country issue a cryptocurrency, their “own Bitcoin”, when the major selling argument of such a currency is that it is decentralized and not controlled by an authority? The confusion is understandable, especially since the Riksbank (the Swedish central bank) made a number of references to cryptocurrency in their first report, a little more than a year ago. Media is to blame for much of this confusion though because of their usual tendency to create clickbait headlines using the most recent buzzwords.

The truth is that what the Riksbank is trying to achieve has little in common with Bitcoin.

Lubomir Tassev

The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11.

The office of Sweden’s bailiff, the government debt collecting organization, offers potential buyers to acquire 4.59 BTC valued at around 370,000 Swedish krona, or approximately $37,700, according to the current exchange rate. That’s close to $8,200 per coin, while BTC is trading on cryptocurrency markets just below the $8,400 mark at the time of writing.

Kronofogden first auctioned bitcoins it had in its custody about two years ago, when the highest bid was placed at 43,000 Swedish krona.

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.

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 (besides Germany), UK, Singapore, Canada, and Australia. Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

We may receive compensation when you use Coinbase.

Sweden’s reserve bank has warned that the individuals and firms purporting to sell the electronic version of the national currency, the e-krona, are fraudsters as the digital currency project ‘has not been concluded’. According to Riksbank, ‘no decision has been…

Sweden’s reserve bank has warned that the individuals and firms purporting to sell the electronic version of the national currency, the e-krona, are fraudsters as the digital currency project ‘has not been concluded’.

According to Riksbank, ‘no decision has been taken on issuing e-kronas’ and therefore claims to the contrary were false. Riksbank pointed out that the scam was being perpetrated online as well as via phone calls:

… on certain websites and in social media, claims have been made that it is possible to purchase e-kronas.

Purchasing cryptocurrencies in Sweden is somewhat harder than in the rest of Europe.

The reason for this is that there is currently no exchange with sufficient liquidity that supports cryptocurrency trading against the Swedish krona.

Swedish citizens are thus best of to either convert their krona to euros, and then opt for an exchange such as Coinbase or Kraken, or they can go for P2P or direct cryptocurrency broker, such as BTCX, LocalBitcoins or LocalEthereum.

You can find more P2P or direct cryptocurrency exchanges in our dedicated section.

The benefits are that they are often easier to use than a regular exchange, which may be intimidating for new investors.

A major worldwide government has just bestowed a huge vote of confidence and legitimacy on to the world of cryptocurrencies. Sweden, in an unprecedented move, just announced that they are officially adopting a KryptoPay as Sweden’s cryptocurrency! But are they?

Kryptonex Research Group claims that Sweden chose them to promote their national cryptocurrency. According to all of the articles surrounding this topic, Sweden is going to be the first country in the world to adopt a single cryptocurrency.

No information about Kryptonex is available online. Doing a google search for “Kryptonex Research Group”, the only thing I was able to find was an abundance of posts and videos exposing Kryptonex for being fraudulent from the ground up.

On the video on Kryptonex’s website, they claim Sweden chose them to be the countries main cryptocurrency asset.

One reply on “Cryptocurrency exchanges in Sweden | Exchangify”