The best crypto exchanges and trading platforms in Sweden have been analyzed by our team of crypto experts Carl, Johan, and Sofia who together have over 25 years of experience in the financial industry and blockchain technology.
BYDF ranks as the best crypto trading platform in Sweden thanks to a high-quality interface, user-friendly mobile application, ultra-high security, lowest fees in the industry and 400+ cryptocurrencies listed on the exchange.
We’ve also included other exchanges to fit a bigger audience with platforms that offer anonymous trading, copy trading, altcoin investing, and fiat-to-crypto investing
Best Crypto Exchanges Sweden list
| Platform | Key Features | Fee | |
| 1. BYDFi | – Crypto trading platform | 0.02% | Visit BYDFi |
| 2. Phemex | – Anonymous crypto exchange | 0.05% | Visit Phemex |
| 3. BingX | – Second best exchange | 0.06% | Visit BingX |
| 4. Coinbase | – Buy crypto with fiat | 0.50% | Visit Coinbase |
| 5. Binance | – Most altcoins listed | 0.10% | Visit Binance |
(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
- BYDFi is ranked the best crypto exchange and trading platform in Sweden. Its combination of low fees, a wide range of cryptocurrencies, and user-friendly features make it the top pick for both novice and experienced traders.
- While BYDFi leads the pack, other platforms like BingX, Phemex, Coinbase, Binance, and Bybit offer specialized features such as anonymous trading, copy trading, and options trading, catering to a broader audience with varying trading preferences.
- A common thread among all these platforms is their emphasis on security and user experience. Each platform brings something unique to the table, whether it’s BYDFi’s ultra-high security and user-friendly interface or Phemex’s no KYC requirement, ensuring that traders have a safe and efficient trading environment.
What is the best crypto exchange and trading platform in Sweden?
Below is a detailed review of the platforms our team has chosen as the best picks for Swedish crypto traders.
We’ve also included other exchanges to fit a broader audience with crypto futures exchanges, copy trading, altcoin investing, and fiat-to-crypto investing. For traders interested in high-frequency strategies, several platforms on our list can be considered the best crypto scalping exchange.
Our experts have reviewed two platforms each and done a practical test while analyzing the different aspects of the platform such as:
- Account security
- Fees
- Trading tools
- Registration process
- Mobile apps
- Support
- Deposit methods
1. BYDFi – Best trading platform for crypto in Sweden
Rating: 5.0/5
Pros
- User-Friendly Mobile App
- Excellent Customer Support
- Quick Registration Process
- User-Friendly Interface
- High Leverage Options
Cons
- Newer Platform
- Limited Fiat Support
- No Demo Account
At a glance
BYDFi is the best crypto trading platform in Sweden, offering an exceptional blend of user-friendly features and advanced trading options. Originating from Singapore and initially known as Bityard, BYDFi, which stands for “BUIDL Your Dream Finance,” has rapidly evolved into a preferred choice for Swedish traders.
The platform specializes in crypto derivatives and is renowned for its accessibility and ease of use, making it ideal for both beginners and seasoned traders. With a substantial global presence, BYDFi serves over 500,000 users from more than 150 countries, emphasizing its reliability and appeal in the competitive world of cryptocurrency trading.
A practical example of BYDFi’s efficiency is seen through a test conducted by crypto expert Johan. Johan deposited SEK 20,000 using a debit card for an instant deposit from a crypto-friendly Swedish bank. He engaged in trading Bitcoin and Ethereum through perpetual swaps contracts, utilizing a 1:50 leverage.
BYDFi’s fees has an average of 0.03%, he executed 35 trades in a single day. The cost of these trades in fees was minimal, showcasing BYDFi’s competitive fee structure. The standout feature for Johan was the platform’s leverage options, which allowed him to maximize his position size and potential gains while maintaining a manageable risk level.
BYDFi stands out for its commitment to making cryptocurrency trading accessible and manageable, particularly for those new to the field. The platform’s user-friendly interface, combined with advanced trading options like high leverage and perpetual swaps, makes it a versatile choice for both novice and experienced traders.
Fees
- Opening Fee: 0.05% (varies with margin and leverage)
- Spot Transaction Fee: 0.30% – 0.10% for both takers and makers
- Withdrawal Fee: 6 USDT per withdrawal
2. Phemex – Best contract trading platform in Sweden
Rating: 4.9/5
Pros
- User-Friendly Interface
- Low Trading Fees
- Crypto contract trading
- Wide Range of Cryptocurrencies
- High Security Standards
Cons
- Limited Fiat Currency Options
- No Regulatory Oversight
- Limited Educational Resources
At a glance
Phemex stands out as the best crypto contract exchange in Sweden, offering Swedish traders a unique opportunity to buy crypto with fiat and trade perpetual contracts with leverage. This platform is not just a trading hub; it’s a gateway to the world of cryptocurrency, tailored specifically for those who value privacy and ease of use.
Phemex’s commitment to providing a seamless, KYC-free trading experience makes it a top choice for those looking to engage in the crypto market without the usual bureaucratic hurdles.
Crypto expert Carl recently conducted a test on Phemex by depositing SEK 25,000. He started by depositing Bitcoin using his crypto wallet. With SEK 25,000 worth of Bitcoin, Carl dived into trading PepeCoin during a recent bull market.
Phemex’s competitive edge was evident with an average trading fee of just 0.05%. Over a single day, Carl executed 25 trades. The total cost of these trades in fees amounted to a mere SEK 312.50 (25,000 * 0.05% * 25 trades), highlighting Phemex’s cost-effectiveness.
The feature that stood out most for Carl was the platform’s intuitive interface, which made navigating trades quick and efficient.
Phemex distinguishes itself with its commitment to privacy and ease of use, especially appealing in the Swedish market. If you prioritize privacy without sacrificing functionality, this platform is a solid contender in your search for a highly secure crypto exchange.
What truly sets it apart is its ability to offer a no-frills, straightforward trading experience without compromising on security or functionality. This balance is not commonly found in the crypto exchange realm, making Phemex a noteworthy choice for inclusion in our blog.
Fees
| Fee Type | Amount |
| Spot Trading Fee | Maker: 0.1%, Taker: 0.1% |
| Contract Trading Fee | Maker: -0.025%, Taker: 0.075% |
| Withdrawal Fee (Bitcoin) | 0.0005 BTC |
| Withdrawal Fee (Other Cryptocurrencies) | Varies per currency |
| Deposit Fee | Free |
3. BingX – Best alternative crypto exchange in Sweden
Rating: 4.8/5
Pros
- High Leverage Options
- No Deposit Fees
- Advanced Charting
- Demo Trading Feature
- Copy Trading System
Cons
- Customer Service Quality
- Language Documentation
- Withdrawal Fees
At a glance
BingX stands out as the best alternative crypto exchange in Sweden, offering Swedish traders a seamless experience in buying cryptocurrencies with SEK. Established in Singapore in 2018, BingX has expanded its reach across Asia and now caters to the Swedish market with its robust and cost-effective trading environment.
The platform supports a variety of digital products, including instant spot exchanges, derivatives pairs, and a fiat financial system, making it a comprehensive choice for traders.
Crypto expert Sofia conducted a test by depositing SEK 18,000 using a credit card for an instant deposit from a crypto-friendly Swedish bank. She diversified her investment into Bitcoin, Solana, Cardano, and Tron, equally splitting the SEK 18,000.
With an average trading fee of 0.06%, the total cost of the fees amounted to approximately SEK 10.80 per transaction. What stood out the most was BingX’s user-friendly interface and the ease of executing trades, making it highly accessible for both beginners and seasoned traders.
BingX’s other standout features are its integrated copy trading and demo trading platform. This unique combination allows new traders to learn and experiment without risk, while also enabling them to leverage the expertise of seasoned traders. It’s a perfect blend of learning and doing, which is not commonly found in other exchanges.
Fees
| Type | Spread Ranges |
| Cryptocurrency – Bitcoin | 0.02% ~ 0.1% |
| Cryptocurrencies other than Bitcoin | 0.02% ~ 0.2% |
| Global Indices | 0.02% ~ 0.15% |
| Commodities | 0.02% ~ 0.1% |
| Forex | 0.02% ~ 0.1% |
- Trading Fees: 0.075% for both opening and closing a position.
- Withdrawal Fees: Varies, with 0.0005 BTC for Bitcoin and 0.007 ETH for Ethereum.
4. Coinbase – Best fiat-to-crypto exchange in Sweden
Rating: 4.7/5
Pros
- User-Friendly Interface
- Variety of Cryptocurrencies
- Robust Security Measures
- Quick Withdrawals
- Educational Resources
Cons
- Complex Fee Structure
- Regulatory Challenges
- Limited Insurance Coverage
- Vulnerability to Hacks
- Restricted Features in Some Regions
At a glance
Coinbase stands out as the best fiat-to-crypto exchange in Sweden, offering Swedish traders a seamless gateway to the world of cryptocurrencies. Renowned for its user-friendly interface, Coinbase caters to both beginners and seasoned traders, allowing them to buy cryptocurrencies like Ethereum and Solana with ease.
For Swedes, the platform’s ability to handle transactions in SEK via bank transfers makes it particularly appealing.
In a practical test, crypto expert Johan deposited SEK 40,000 into his Coinbase account using a bank transfer from Swedbank. He then strategically invested in Ethereum and Solana, splitting his investment equally during a bullish market phase.
With an average trading fee of 0.50%, the cost of the fees for his transaction amounted to SEK 200 (0.50% of SEK 40,000).
What stood out most during this test was Coinbase’s straightforward process for converting SEK to cryptocurrencies and the platform’s transparent fee structure, making it an ideal choice for Swedish investors looking to enter the crypto market.
Coinbase’s unique approach to educating its users stands out. Their “Earn While You Learn” program not only incentivizes learning but also empowers users with knowledge, making them more confident and informed traders. This feature, often overlooked, is a significant value addition, especially in the complex world of cryptocurrencies.
Fees
- Spread Fee: Approximately 0.5%. This fee is applied to the sales and purchases of cryptocurrencies. It’s important to note that this fee can fluctuate based on market conditions.
- Transaction Fees: These vary depending on the payment method, cryptocurrency type, transaction size, and platform. For example, a $200 Bitcoin purchase might incur a fee of about $7.67, which is approximately 3.84%.
Coinbase Advanced Trade
- Maker/Taker Fees: These fees are more straightforward compared to the basic platform. They are based on your monthly trading volume and the liquidity of the asset at the time of purchase. The fees are as follows:
- Up to $1K: Taker fee 0.80%, Maker fee 0.60%
- Stablecoin Pairs Fee: For select stablecoin pairs like USD Coin (USDC)/EUR and Tether (USDT)/USD, there’s a taker fee of 0.001%.
5. Binance – Best altcoin exchange in Sweden
Rating: 4.6
Pros
- Fast Trading Engine
- Varied Trading Pairs
- Multiple Order Types
- Leveraged Trading
- API Integration
Cons
- Complex for Beginners
- Leverage Risks
- Variable Liquidity
- Regulatory Challenges
- System Strain
At a glance
Binance, recognized as the best altcoin trading platform in Sweden, offers Swedish traders a comprehensive and dynamic environment for trading a diverse range of altcoins using SEK. This platform stands out for its low fees, extensive cryptocurrency selection, and advanced trading tools, making it an ideal choice for those looking to engage in altcoin trading.
In a practical test conducted by crypto expert Carl, Binance’s efficiency and user-friendliness were put to the test. Carl initiated his trading journey by depositing SEK 15,000 through a credit card, benefiting from an instant deposit feature.
He strategically invested in five different popular altcoins, including Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA). Utilizing day trading strategies, he engaged in futures trading contracts with an average fee of 0.10% and a leverage of 1:15.
This leverage allowed Carl to amplify his trading position, increasing potential returns while also elevating risk. The cost of the fees for these transactions was minimal, highlighting Binance’s competitive pricing structure. The standout feature for Carl was the platform’s leverage options, which provided him with greater control over his position size and trading strategy.
Binance’s ability to quickly adapt to market trends and user needs, such as listing new cryptocurrencies promptly and offering early access to emerging projects, sets it apart. This proactive approach not only keeps Binance at the forefront of the crypto exchange industry but also provides traders with unique opportunities to engage with the latest market developments.
Fees
Binance’s fee structure is as follows:
| Fee Type | Amount |
| Spot Trading Fee | 0.1% (highest) |
| Maker/Taker Fee | 0.1% / 0.1% (standard) |
| BNB Discount | 25% off trading fees |
| Deposit Fees | Varies by method (often free for bank transfers) |
| Withdrawal Fees | Varies by method and currency |
What is a Swedish crypto exchange?
A Swedish crypto exchange is an online platform where individuals in Sweden can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and many others. These exchanges are tailored to meet the specific needs and regulations of the Swedish market, ensuring a secure and user-friendly experience for Swedish residents.
From my experience, what sets Swedish crypto exchanges apart is their adherence to Sweden’s robust financial regulations. This compliance provides an added layer of security and trust for users.
For instance, many Swedish exchanges implement advanced security measures such as two-factor authentication (2FA) and cold storage of assets, which I have found to be highly effective in safeguarding users’ investments.
Moreover, these platforms often support a variety of payment methods popular in Sweden, such as Swish and bank transfers, making them highly accessible. The user interfaces are typically clean and intuitive, catering to both seasoned traders and beginners.
How to choose crypto exchange in Sweden
Selecting the right cryptocurrency exchange in Sweden involves looking at these factors:
- Security: Prioritize exchanges with strong security measures like two-factor authentication and a history free of breaches.
- User Experience: Choose platforms with an intuitive interface, especially important for beginners.
- Supported Cryptocurrencies and Liquidity: Look for exchanges offering a wide range of coins and high liquidity for better trading opportunities.
- Fees: Understand the fee structure, including trading and withdrawal fees, as they can significantly impact your returns.
- Regulatory Compliance: Ensure the exchange complies with Swedish regulations for security and legal protection.
- Customer Support: Opt for platforms with responsive customer service for a reliable trading environment.
- Community Feedback: Consider reviews and feedback from other users for real-world insights into the exchange’s performance.
How to buy crypto in Sweden
Buying cryptocurrency in Sweden is straightforward, thanks to its advanced fintech sector. Here’s a brief guide:
- Select a Crypto Exchange
- Complete KYC Process
- Deposit Funds
- Buy Cryptocurrency
- Secure Your Crypto
Is Sweden a crypto-friendly country?
Sweden is increasingly recognized as a crypto-friendly nation, a status that reflects its progressive stance towards digital currencies and blockchain technology. As a country known for its technological innovation and a high level of digital literacy among its population, Sweden has embraced the potential of cryptocurrencies.
The Swedish government and financial authorities have shown a forward-thinking approach, balancing regulation with encouragement of technological advancements.
From my experience, Sweden’s crypto environment is bolstered by a robust digital infrastructure and a society that is rapidly moving towards cashless transactions. This shift is evident in the growing number of Swedish businesses accepting cryptocurrencies and the increasing interest in crypto investments among Swedes.
Pros and cons of investing in crypto
Pros:
- High Potential Returns
- Market Accessibility
- Diversification
- Innovation and Growth
Cons:
- Volatility
- Regulatory Uncertainty
- Security Risks
- Limited Historical Data
How we review and rate crypto platforms
In our quest to provide authentic and expert reviews of cryptocurrency exchanges and trading platforms in Sweden, we adopt a user-centric approach. Our evaluations are grounded in firsthand experiences, ensuring that we speak from a position of knowledge and expertise.
We delve into each platform’s performance across various metrics, offering quantitative insights to aid your decision-making. Our reviews highlight unique features that set each platform apart from its competitors, discussing their advantages and limitations based on thorough research.
We also consider the evolution of these platforms, noting improvements or new features that enhance user experience. Key design choices and their impact on users are scrutinized, going beyond the manufacturers’ claims. Our reviews are supplemented with visuals, audio, and links to our experiences, reinforcing the authenticity of our assessments.
FAQ
Can you trade crypto in Sweden?
Yes, trading cryptocurrency is legal and widely practiced in Sweden, with several reliable platforms available for users.
How do I buy BTC with Swish Sweden?
To buy Bitcoin with Swish in Sweden, choose a crypto exchange that supports Swish as a payment method, create an account, and follow the instructions for a Swish transaction.
Is Binance restricted in Sweden?
No, Binance is not restricted in Sweden.
How do I withdraw money from Binance in Sweden?
To withdraw money from Binance in Sweden, link your bank account or preferred payment method, sell your crypto for fiat currency, and withdraw to your linked account.
Is crypto regulated in Sweden?
Yes, cryptocurrency is regulated in Sweden, and exchanges must comply with financial regulations and anti-money laundering standards.
Conclusion
In conclusion, after a thorough analysis and practical testing by our team of experts, it is clear that BYDFi ranks as the best crypto exchange and trading platform in Sweden.
This platform stands out for its user-friendly interface, ultra-high security, and the lowest fees in the industry, coupled with a vast selection of over 400 cryptocurrencies.
BYDFi’s commitment to providing a seamless trading experience, both through its desktop interface and mobile application, sets it apart from its competitors.
While other platforms like BingX, Phemex, Coinbase, Binance, and Bybit each have their unique strengths and cater to different trading needs, BYDFi’s all-around performance and user-centric approach make it the top choice for Swedish crypto traders. For a more specialized experience, check out other platforms offering features like crypto margin trading exchanges and crypto apps.
If you are looking for platforms beyond Sweden, check out our other recommendations:
- Swiss crypto exchange
- Mexican crypto exchange
- Malaysian crypto exchange
- Norwegian crypto exchange
- Crypto exchange in Ireland
- Crypto exchange in Japan
About the authors
This comprehensive review of the best crypto exchanges and trading platforms in Sweden is brought to you by a team of seasoned crypto experts – Carl, Johan, and Sofia.
With a combined experience of over 25 years in the financial industry and blockchain technology, our team has a deep understanding of the crypto market dynamics.
Carl’s expertise lies in security and blockchain technology, Johan specializes in financial analytics and trading strategies, and Sofia brings her extensive knowledge of regulatory compliance and user experience design.
