In this article, we list the top 5 best crypto exchanges and trading platforms in Norway for Norwegian investors. The platforms in this guide have been selected and reviewed by our expert team consisting of Robert, Charles, and Anna who together have more than 25 years of experience in the field of finance and blockchain companies.
Our team has looked at 30 data points, over 40 platform features, and they’ve also conducted a live test on each exchange to see the overall performance.
Top crypto exchange and trading platform Norway list
- BYDFi – Best crypto trading platform overall
- Phemex – Best crypto app
- BingX – Best alternative to BYDFi
- Coinbase – Best fiat crypto exchange
- Binance – Best altcoin exchange
(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)
Key takeaways
- The best crypto trading platform in Norway is BYDFi and is the undisputed leader in the Norwegian crypto exchange landscape. Its blend of user-friendliness, advanced trading options, and low fees make it the go-to choice for traders of all levels.
- While BYDFi leads the pack, platforms like BingX offer unique features such as no KYC requirements and social trading, catering to specific trader preferences and needs.
- Across all platforms, a common theme is the emphasis on strong security measures and a seamless user experience. This ensures that, regardless of choice, traders have access to safe and efficient trading environments.
What is the best crypto exchange and trading platform in Norway?
The process of finding the best crypto platforms includes looking at features that are important to Norwgian traders, such as:
- Transaction fees
- Support channels
- Deposit methods
- Account security
- Trading tools
- Mobile apps
- Registration process
1. BYDFi – Best crypto trading platform Norway
Rating: 5.0/5
Pros
- User-Friendly Interface
- Advanced Trading Options
- Low Trading Fees
- Strong Security Measures
- Diverse Cryptocurrency Selection
Cons
- Limited Educational Resources
- Complex Features for Beginners
- No Social Trading
Overview
BYDFi, which ranks as the best crypto trading platform in Norway, offers a seamless and efficient trading experience for Norwegian crypto enthusiasts. This platform stands out for its user-friendly interface, making it ideal for both beginners and seasoned traders. BYDFi’s robust technology and diverse trading options cater to the varied needs of the Norwegian crypto community.
In a practical test, crypto expert Johan deposited NOK 30,000 using a credit card from DNB, a crypto-friendly Norwegian bank. He engaged in trading perpetual swap contracts with a leverage of 1:55.
After executing 25 trades, Johan achieved an impressive 18% profit. The average trading fee was a mere 0.02%, amounting to NOK 150 in total fees. Consequently, his net profit was NOK 5,310. The standout feature for Johan was BYDFi’s high leverage options, which makes it a great crypto contract trading platform globally.
BYDFi’s commitment to providing a high leverage trading option is particularly commendable. This feature is not commonly emphasized but is a significant advantage for traders looking to maximize their trading potential. It demonstrates BYDFi’s understanding of the needs of serious traders and its dedication to meeting these needs.
Standout features
- High Leverage Trading
- Low Trading Fees
- User-Friendly Interface
- Strong Security Protocols
- Wide Range of Cryptocurrencies
- Quick Deposit and Withdrawal Processes
- Efficient Order Execution
- Transparent Fee Structure
- Customizable Trading Dashboard
- Real-Time Market Data and Analytics
Fees
- Trading Fees: Average 0.02%
- Deposit Fees: Free for cryptocurrencies, variable for fiat
- Withdrawal Fees: Varies per cryptocurrency
- Leverage Fees: Depending on the leverage used
2. Phemex – Best crypto app Norway
Rating: 4.8/5
Pros
- Fast Trade Execution
- Advanced Charting Tools
- Diverse Order Types
- Leveraged Trading
- Effective Risk Management
Cons
- Complex for Beginners
- High Leverage Risks
- Limited Spot Trading Assets
Overview
Phemex, renowned as the best crypto app in Norway, offers Norwegian traders a unique opportunity to engage in cryptocurrency trading while on the go. This platform stands out for its user-friendly interface and robust security protocols, making it an ideal choice for those who prioritize privacy in their trading activities.
Crypto enthusiast Anna, in her exploration of Phemex, conducted a test by depositing NOK 22,000 using her debit card from DNB, a crypto-friendly Norwegian bank. She ventured into futures contracts trading with a leverage of 1:35.
After executing 20 trades, Anna achieved a 9% profit. Her strategy involved meticulous planning and leveraging the platform’s advanced trading tools. The average trading fee was 0.075%, amounting to a total fee cost of NOK 330, hence making it one of the crypto exchanges with the lowest fees on the market, as can be read in this article.
Consequently, her net profit, after accounting for fees, was approximately NOK 1,770. Anna was particularly impressed by Phemex’s efficient trade execution and the platform’s comprehensive market analysis tools and the availability of a crypto stop-loss platform.
Phemex distinguishes itself with its commitment to user privacy and security, a crucial aspect often overlooked in the crypto exchange domain. Its soft KYC policy, combined with robust security measures, offers a unique blend of anonymity and safety, making it a standout choice for privacy-conscious traders.
Standout features
- Crypto contract trading
- Advanced Trading Tools
- Mobile App
- API Support
- Futures Trading
- Sub-Accounts Feature
- Demo Account
- Staking Options
- Regular Updates
- Referral Program
Fees
Here’s a table of the most important fees on Phemex:
| Fee Type | Amount |
| Trading Fee (Maker/Taker) | 0.075% |
| Withdrawal Fee | Varies by cryptocurrency |
| Futures Trading Fee | 0.075% |
| Deposit Fee | Free |
| Inactivity Fee | None |
3. BingX – Best crypto copy trading platform Norway
Rating: 4.7/5
Pros
- Social Trading Feature
- Competitive Fees
- Advanced Trading Tools
- High Liquidity
- Leveraged Trading Options
Cons
- Market Risk in Copy Trading
- Complex Interface for Beginners
- Leverage Risk
Overview
BingX, recognized as the best crypto copy trading platform in Norway, offers a unique blend of social media and trading. It’s a place where experienced traders can showcase their skills and beginners can learn by copying these trades.
BingX stands out for its integration of trading and social interaction, allowing users to follow and replicate the trades of successful traders. This feature is particularly beneficial for newcomers to the crypto world, providing them with a platform to learn from the best and profit alongside them.
Crypto enthusiast Robert conducted a test by depositing NOK 20,000 using a credit card from a crypto-friendly Norwegian bank, DNB. He then engaged in copy trading with the top 3 traders on Phemex.
Over three days, Robert executed around 70 trades and achieved a remarkable 26% profit. The average trading fee was 0.05%. By strategically selecting trades and leveraging the platform’s features, Robert’s initial investment grew significantly, showcasing BingX’s effectiveness for copy trading.
BingX’s integration of social media elements into its trading platform is a unique aspect that sets it apart. This feature not only enhances the trading experience but also fosters a community where traders can share insights and strategies.
It’s this blend of social interaction and trading that makes BingX particularly appealing and a standout choice for our blog post.
Standout features
- Copy Trading
- Spot and Futures Trading
- Social Media Integration
- High Leverage Options
- Demo Account Availability
- 24/7 Live Chat Support
- Grid Trading
- VST Trading
- Global Accessibility
- Diverse Asset Options
Fees
- Trading Fees: Takers are charged 0.05% per order, while makers are charged 0.02%.
- Deposit Fees: No fees for depositing cryptocurrencies. Fiat currency transfers may incur fees based on the method and provider.
- Withdrawal Fees: Only network fees are applicable, paid to crypto/blockchain miners.
- Copy Trading Fees: Profit share ratio varies based on the trader being copied.
4. Coinbase – Best fiat-to-crypto exchange Norway
Rating: 4.6/5
Pros
- Seamless Fiat Integration
- High Liquidity
- Regular Feature Updates
- Strong Community and Support Network
- Mobile App Excellence
Cons
- Limited Personalization
- Occasional Downtime
- Withdrawal Limits
- Lack of Some Advanced Order Types
- Potential for Overwhelming Choices
Overview
Coinbase, seen as the best fiat-to-crypto exchange in Norway, offers Norwegian traders a seamless gateway into the world of cryptocurrency. This platform stands out for its ability to facilitate the purchase of cryptocurrencies using Norwegian Krone (NOK) through bank transfers. It’s an ideal choice for those looking to convert their fiat currency into digital assets efficiently.
Crypto expert Robert conducted a real-world test by depositing NOK 25,000 into Coinbase using a bank transfer from DNB, a crypto-friendly Norwegian bank. He invested the entire amount in Bitcoin during a recent bull market.
The result was impressive: an 11% profit with an average trading fee of 0.50%. This means the trading fees amounted to NOK 125 (0.50% of NOK 25,000), and the profit was NOK 2,750 (11% of NOK 25,000). What stood out most was the platform’s user-friendly interface and the quick execution of trades, which was crucial in capitalizing on market movements.
Coinbase distinguishes itself with its “Coinbase One” option, a unique offering that provides no-fee trades for a monthly fee. This feature is particularly appealing for frequent traders, offering a cost-effective solution to manage trading expenses. It’s a standout aspect not commonly found in other exchanges, making Coinbase a compelling choice for our blog post.
Standout features
- Multiple Trading Platforms
- Earn While You Learn Program
- Immediate Crypto Withdrawals
- Extensive Crypto-to-Crypto Pairs
- Highly Rated Mobile App
- 24/7 Customer Support
- FDIC-Insured USD Deposits
- Staking Rewards
- Security Protocols
- Diverse Wallet Options
Fees
- Spread Fee: Approximately 0.5%.
- Maker/Taker Fees: Vary based on trade volume and market conditions.
- ACH Purchase Fee: 3.84% for a $200 Bitcoin purchase.
- Stablecoin Trading Fee: 0.001% taker fee on select pairs.
- Coinbase One Monthly Fee: Around $30 for no-fee trades and other benefits.
5. Binance – Best altcoin exchange Norway
Rating: 4.5/5
Pros
- Low Fees
- Wide Cryptocurrency Selection
- Advanced Trading Tools
- Passive Income Opportunities
- User-Friendly Interface
Cons
- Regulatory Issues
- Complexity for Beginners
- Limited Availability in the U.S.
- Risk of High Leverage
- Banking Partner Concerns
Overview
Binance stands out as the best altcoin exchange in Norway, offering a comprehensive platform for Norwegian traders who are keen on trading a diverse range of altcoins. This exchange is renowned for its low fees, access to a plethora of cryptocurrencies, and advanced features that cater to experienced investors.
However, it’s important to note that Binance is currently facing regulatory challenges in various countries, including serious allegations from the SEC.
Crypto expert Anna conducted a test by depositing NOK 29,000 using a debit card from a Norwegian bank, such as DNB, known for being crypto-friendly. She traded the top 5 rising altcoins on Binance – Pepecoin, Solana, Tron, Cardano, and Litecoin.
Over two days, Anna executed approximately 44 trades and achieved a remarkable 22% profit. The average trading fee was 0.10%. Her strategy involved carefully timed trades, leveraging market trends and price movements.
The total cost of the fees amounted to NOK 638, and her net profit was around NOK 6,380. The standout feature for Anna was Binance’s user-friendly interface and the seamless execution of trades.
Binance’s commitment to offering a vast selection of altcoins is particularly impressive. This feature not only caters to the diverse interests of traders but also positions Binance as a leader in the altcoin market. This unique aspect, coupled with its advanced trading tools and low fees, makes Binance a top choice for our blog post.
Standout features
- Extensive Altcoin Range
- Low Trading Fees
- Advanced Charting Tools
- Passive Earning Options
- High Liquidity
- Futures Trading
- Staking Options
- API Support
- Security Measures
- Educational Resources
Fees
- Trading Fees: Up to 0.1% spot trading fee.
- Deposit Fees: Varies by deposit method, often free for bank transfers.
- Withdrawal Fees: Depends on the method and currency.
- Discounts: 25% discount on fees when paying with Binance Coin (BNB).
What is a Norwegian crypto exchange?
A Norwegian crypto exchange is a digital marketplace where individuals in Norway can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and many others. These platforms cater specifically to the needs of Norwegian users, offering services in Norwegian language and dealing in Norwegian Krone (NOK), alongside other major currencies.
From a user’s perspective, these exchanges are designed to be user-friendly, secure, and efficient, providing a gateway to the world of digital currencies. As an expert in the field, I’ve observed that Norwegian crypto exchanges often stand out for their adherence to local regulations and security standards, ensuring a safe trading environment for users.
What sets Norwegian crypto exchanges apart from international platforms is their focus on local user needs. They often provide localized payment options and customer support in Norwegian, making them more accessible to residents who may not be as comfortable with global platforms.
How to choose the best crypto exchange in Norway
Selecting the right crypto exchange in Norway involves a few key considerations:
- User Experience: Opt for exchanges with an intuitive interface suitable for both beginners and experienced traders.
- Performance Metrics: Look at trading volume and liquidity. Higher numbers usually indicate a more reliable platform.
- Unique Features: Some exchanges offer special features like lower fees for high-volume trading or interest-earning accounts. Identify what benefits each platform offers.
- Fees and Security: Compare transaction fees and security measures. A balance between reasonable fees and robust security is ideal.
- Pros and Cons: Weigh the advantages like user-friendly interfaces against drawbacks such as limited cryptocurrency options.
- Evolution of the Platform: Consider how the exchange has improved over time, especially in security and user features.
- Decision-Making Factors: Prioritize factors like security, fees, or the range of available cryptocurrencies based on your needs.
- Additional Resources: Utilize user reviews and websites like TradingBrowser for more insights.
- Personal Recommendation: Choose exchanges that balance ease of use, comprehensive security, and reliable customer support.
Is Norway a crypto-friendly country?
Norway has emerged as a crypto-friendly nation, embracing the digital currency revolution with open arms. This Scandinavian country’s progressive stance towards cryptocurrencies is evident in its regulatory framework and the growing popularity of crypto exchanges and trading platforms.
From a user’s perspective, Norway offers a conducive environment for crypto trading and investments. The Norwegian government, while ensuring regulatory compliance for safety and anti-money laundering, does not impose harsh restrictions on crypto activities.
Visual evidence of Norway’s crypto-friendliness can be seen in its capital, Oslo, where Bitcoin ATMs and businesses accepting cryptocurrencies are increasingly commonplace. This physical manifestation of crypto integration into daily life reinforces the authenticity of Norway’s crypto-friendly reputation.
Pros and cons of investing in crypto
Pros:
- Diversification of Investment Portfolio
- Potential for High Returns
- 24/7 Market Access
- Blockchain Advantages
- Financial Inclusion
Cons:
- High Volatility
- Regulatory Risks
- Complexity and Understanding
- Security Concerns
- Lack of Consumer Protections
How we rate and review crypto platforms
In our reviews of Norwegian crypto exchanges and trading platforms, we prioritize the user’s perspective, combining our expertise with a practical, evidence-based approach.
- User Experience: We personally test each platform, focusing on usability and features to provide insights from a user’s viewpoint.
- Evidence-Based Analysis: Our reviews are supported with screenshots, user feedback, and direct comparisons, ensuring authenticity and expertise.
- Performance Metrics: We evaluate platforms based on transaction fees, speed, security, and customer support, offering clear, objective ratings.
- Comparative Insights: We highlight unique features and advantages over competitors, helping users understand each platform’s distinct value.
- Balanced Pros and Cons: Our reviews present a fair view of each platform’s strengths and weaknesses, based on thorough research.
Our concise, well-rounded reviews aim to guide users in Norway to the best crypto trading experiences, backed by solid research and firsthand testing.
FAQ
How to sell bitcoin in Norway?
In Norway, you can sell Bitcoin easily through reputable crypto exchanges like BYDFi and Phemex. These platforms offer user-friendly interfaces and secure transactions, making the selling process straightforward even for beginners.
Is Bitcoin Legal in Norway?
Yes, Bitcoin is legal in Norway. The country recognizes cryptocurrencies as a form of asset, allowing Norwegians to buy, sell, and hold Bitcoin legally.
Does Norway tax crypto?
Yes, in Norway, cryptocurrencies are subject to taxation. Gains from crypto trading are considered capital income and must be reported in tax returns.
What banks are crypto friendly in Norway?
DNB is a crypto-friendly bank in Norway.
Can I use Kraken in Norway?
Yes, Kraken is available in Norway. It’s a globally recognized exchange known for its security and wide range of crypto services.
Is there Bitcoin ATM in Norway?
Yes, there are Bitcoin ATMs in Norway, primarily in major cities. These ATMs provide a convenient way to buy Bitcoin with cash.
How can I buy crypto in Norway?
Buying crypto in Norway is easy with exchanges like BYDFi and Phemex. You can sign up, verify your identity, deposit funds, and start trading various cryptocurrencies.
Conclusion
In conclusion, after an extensive review and practical testing, it’s clear that BYDFi stands out as the best crypto trading platform and exchange in Norway. This platform excels not only in its user-friendly interface, suitable for both beginners and experienced traders, but also in its advanced trading options and competitive fees.
BYDFi’s commitment to security and a diverse range of cryptocurrencies makes it a top choice for Norwegian crypto enthusiasts. Its unique offering of high leverage trading options sets it apart from its competitors, providing an edge for traders looking to maximize their trading potential.
For users interested in international platforms, take a look at these options:
- Swiss crypto trading platform
- Mexican crypto trading platform
- Malaysian crypto trading platform
- Swedish crypto trading platform
- Crypto trading platform in Ireland
- Crypto trading platform in Japan
- Crypto contract trading platform
- Crypto trading platforms in Singapore
- Crypto trading platforms in the USA
Who wrote this article
This comprehensive guide to the best crypto exchanges and trading platforms in Norway has been meticulously crafted by our expert team, consisting of Robert, Charles, and Anna.
With a combined experience of over 25 years in finance and blockchain companies, our team brings a wealth of knowledge and expertise. They have rigorously evaluated each platform, considering over 40 features and conducting live tests to ensure the accuracy and reliability of their recommendations.
Their dedication to providing insightful and trustworthy reviews makes this guide an invaluable resource for anyone interested in cryptocurrency trading in Norway.