Sweden has emerged as a hub for cryptocurrency adoption, with an estimated 5.88 million crypto users projected by 2026, according to Statista. For Swedish blockchain enthusiasts, selecting a reliable and efficient crypto exchange is critical to navigating the dynamic world of digital assets. This article highlights the top three crypto exchanges in Sweden—Binance, Bitpanda, and Safello—based on their Trustpilot scores, fees, features, and suitability for local traders. Below, we explore each exchange’s offerings, pros, and cons to help you make an informed decision.
Top Crypto Exchanges in Sweden
The following exchanges stand out for their regulatory compliance, user-friendly platforms, and competitive fee structures, making them ideal for Swedish traders.
1. Binance
Binance is a global leader in cryptocurrency trading, with over 250 million users worldwide and a strong presence in Sweden. Registered with the Swedish Financial Supervisory Authority (SFSA), Binance offers a robust platform for trading, staking, and managing digital assets.
- Trustpilot Score: 1.5 stars (5,394 reviews)
- Minimum Deposit: $10
- Tradable Coins: Over 500
- Trading Options: Spot trading, margin trading, P2P, NFT trading
- Crypto Leverage: Up to 1:5 for margin trading
- Fees:
- Spot & Margin: Maker/taker fees range from 0.1000%/0.1000% to 0.0110%/0.0230% (tier-based)
- Staking: ETH (1.32% to 191.52%), SOL (1.8% to 136.97%), USDT (6.81%)
- Withdrawal: Free for some methods; €1 for SEPA transfers, 2% for bank cards
- Wallet: Binance Web3 Wallet (self-custody, secured via multi-party computation)
- Deposit Methods: Visa, Mastercard, Apple Pay, Google Pay, Bank Transfer
- Withdrawal Methods: Bank Transfer
- Key Features:
- Extensive range of over 500 cryptocurrencies, including Bitcoin, Ripple, and Ethereum
- Binance Earn for staking and interest on crypto holdings
- Binance Launchpad for accessing newly launched tokens
- Binance NFT marketplace for trading, staking, and loaning NFTs
- Mobile and desktop compatibility (macOS, Windows, Linux, iOS, Android)
- Pros:
- Registered with SFSA, ensuring regulatory compliance
- Wide variety of tradable coins and trading options
- Competitive maker/taker fees
- Live chat customer support
- Multiple fiat deposit methods
- Cons:
- Low Trustpilot score due to reported complexity for novices
- Limited withdrawal methods (only bank transfers)
- No phone or email support
Binance is ideal for experienced traders seeking a feature-rich platform with a vast selection of cryptocurrencies. However, beginners may find its interface complex and may require time to adapt.
2. Bitpanda
Founded in 2014, Bitpanda is a technology-driven investment platform registered with the SFSA. With a decade of experience, it offers Swedish traders access to over 400 cryptocurrencies and a user-friendly interface.
- Trustpilot Score: 3.8 stars (12,771 reviews)
- Minimum Deposit: SEK 125 (SEK 10 minimum for buying/selling assets)
- Tradable Coins: Over 400
- Trading Options: Spot trading, crypto indices, CFDs
- Crypto Leverage: 1:2 (long), 1:1 (short)
- Fees:
- Buying/selling BTC: 0.99% premium (0.10%–0.15% for Pro Accounts)
- Staking: Varies by VIP level (20% for No BEST VIP Level to 10% for Level 5)
- Withdrawals: Free
- Wallet: Custodial
- Deposit Methods: SEPA, Apple Pay, PayPal, Visa, Mastercard, Skrill, Neteller
- Withdrawal Methods: SEPA, Skrill, Neteller, Bitpanda Payments
- Key Features:
- Supports trading of stocks, ETFs, and precious metals alongside crypto
- Bitpanda Academy with educational content on blockchain, security, and personal finance
- Swift registration and verification process
- DDoS protection and SSL encryption
- MiFID II-compliant
- Pros:
- Broad selection of over 400 cryptocurrencies
- Free withdrawals
- Strong security measures
- Educational resources for beginners
- Regulatory compliance across multiple jurisdictions
- Cons:
- Swedish language not supported
- Limited deposit and withdrawal methods
- No live chat support
Bitpanda is well-suited for traders seeking a secure, versatile platform with educational resources, though the lack of Swedish language support and limited payment methods may be drawbacks.
3. Safello
Established in 2013, Safello is Sweden’s leading crypto exchange, registered with the SFSA and catering specifically to Nordic traders. With a clean platform and local payment options, it’s a top choice for Swedish users.
- Trustpilot Score: 4.1 stars (1,864 reviews)
- Minimum Deposit: SEK 350 (buy orders), SEK 200 (sell orders)
- Tradable Coins: 32
- Trading Options: Spot trading
- Crypto Leverage: Not available
- Fees:
- Trading: Volume-based, from 3.49% (<150 SEK) to 0.19% (>5 million SEK), minimum 49 SEK
- Swapping cryptocurrencies: 0.99% of transaction amount
- Withdrawal: Bitcoin (0.00025 BTC), Ethereum (0.003 ETH), Solana (0.01 SOL), USDC (3 USDC), others vary
- Wallet: Safello Wallet (custodial)
- Deposit Methods: Apple Pay, Google Pay, SEPA, Swish, Bankgirot, Card Payments
- Withdrawal Methods: Crypto
- Key Features:
- Supports Swedish krone (SEK) for purchases
- Mobile app available on Google Play and App Store
- BankID registration for quick setup
- Two-factor authentication for enhanced security
- User-friendly interface suitable for beginners
- Pros:
- Available in Swedish
- Local payment options like Swish and Bankgirot
- High Trustpilot score and responsive customer support
- Tailored for the Swedish market
- Strong security features
- Cons:
- Limited to 32 cryptocurrencies
- KYC verification can take up to 2 days
- Customer support not available 24/7
Safello is an excellent choice for Swedish beginners and those prioritizing local payment options and language support, though its smaller coin selection may limit advanced traders.
Legal and Regulatory Framework
Cryptocurrency trading is legal in Sweden and regulated under the European Markets in Crypto-Assets (MiCA) framework, partially implemented in June 2024 and fully effective from January 2025. The Swedish Financial Supervisory Authority (SFSA) oversees compliance, requiring crypto exchanges to register or obtain a license. Providers can operate under a transitional regime until September 2025 while applying for licenses. Key regulations include:
- Trading Types: Spot trading, leveraged trading (up to 1:2), futures, and CFDs are permitted.
- Stablecoins: Must comply with MiCA licensing requirements, e.g., USDC is MiCA-compliant on Binance.
- Taxation: 30% capital gains tax on profits from trading, staking, and NFTs; 70% of losses deductible; annual tax filing by May 2 via K4 form.
Choosing the Right Exchange
When selecting a crypto exchange in Sweden, consider these factors:
- Regulation: Ensure the exchange is registered with the SFSA or a MiFID-compliant regulator.
- Fees: Look for low maker/taker fees, minimal withdrawal costs, and competitive spreads.
- Tradable Coins: Exchanges like Binance and Bitpanda offer extensive coin selections, while Safello focuses on fewer, popular options.
- Platform Usability: Safello and Bitpanda offer beginner-friendly interfaces; Binance suits advanced traders.
- Payment Methods: Prioritize platforms with local options like Swish (Safello) or multiple fiat methods (Binance, Bitpanda).
- Security: Look for two-factor authentication, SSL encryption, and custodial or self-custody wallet options.