How to buy Bitcoin in Sweden; Are you a resident of Sweden looking to dive into the world of cryptocurrencies? Well, you are in luck! This blog post will guide you through buying Bitcoin in Sweden. Whether you’re a seasoned trader or a curious beginner, we have you covered.
Bitcoin has become popular worldwide, and Sweden is not immune to the digital currency fever. Sweden is a crypto-friendly country, with the Swedish central bank experimenting with the “e-krona” or digital krona, a digital counterpart of the Swedish national currency. Sweden has a growing market for purchasing digital assets like Bitcoin. Trading Bitcoin and other cryptocurrencies within Sweden is simple if you understand the process.
Is cryptocurrency legal in Sweden?
Yes, cryptocurrency is legal in Sweden and is regarded as a tradable asset rather than a currency. Sweden currently lacks crypto-specific legislation for regular traders. Crypto profits, like other assets in Sweden, are subject to a flat 30% capital gains tax, while losses are deductible up to 70%. Profits are deemed business income and subject to 32% income tax when kept as a stock rather than traded.
Where to buy Bitcoin in Sweden
There are different exchange platforms to buy Bitcoin in Sweden, and they are listed below.
- Bitpanda
- Safello
- Bitstamp
- Coinmama
- Coinbase
- Coinbase Pro
- Bity
- Bitfinex
How to buy Bitcoin in Sweden
There are three primary ways to buy Bitcoin in Sweden. These methods are discussed below.
Exchange platforms
The best way to buy Bitcoin in Sweden is through an exchange platform. With the growth of Bitcoin, exchange platforms were built to make it easier for experienced and novice traders to purchase and sell Bitcoins.
Bank
It is possible to buy Bitcoin through banks in Sweden, though not all banks accept this transaction. Banks have the right to deny or accept Bitcoin transactions, and major banks in Sweden have failed to accept them. However, if you look hard enough, you might find banks willing to buy Bitcoin.
Bitcoin ATMs
While this is another means of getting Bitcoin in other countries, Sweden, unfortunately, is yet to have a Bitcoin ATM.
Where is Bitcoin ATM located in Sweden?
A Swedish startup, Safello, built Sweden’s first Bitcoin ATM. The ATM is located in Stockholm. You can find the Safello Bitcoin ATM at the Hilton Stockholm Slussen Hotel on Guldgränd, right where the Old Town and the Södermalm district meet.
How to Choose a Crypto Exchange in Sweden
Choosing a good cryptocurrency trading site might take time and effort, especially with many bogus exchange platforms. Several people venture into Bitcoin in order to make profits, and scammers are well aware of this. That is why they are continually looking for ways to tempt experienced and new traders by setting artificial exchange rates that would pique traders’ attention.
Anyone can become a victim of these fraudulent exchange platforms, so you must be cautious while selecting an exchange platform. To make things easier for you, we’ve compiled a list of characteristics a decent exchange platform must have.
Simple user interface
The platform you select must have an easy-to-use user interface. Trading is tough and slow on exchange platforms with complicated user interfaces. As a result, avoid such platforms. Before deciding on a platform, examine it and experiment with its features. If you encounter issues or unresponsiveness, leave the platform immediately.
Security
The platform’s security is a critical component. If the exchange platform has been hacked in the past, you may want to reconsider trading on it. Choose a secure platform to avoid incurring excessive expenses. Protect your wallet information and never share it with a third party.
Customer care
Monitoring an exchange platform’s social media is the finest technique to test customer care actions. In the comments area, see how they respond to their customers. You can also send them a direct message to gauge the tone of their response. Avoid such a platform if its tone is aggressive, as it will harm you afterward. If, on the other hand, the customer care agent responds quickly and softly, you’ll probably love trading on such a platform.
How to sell Bitcoin in Nigeria
Astro Africa is the most reliable site to sell Bitcoin in Nigeria. Astro Africa sells Bitcoin at the best rate and is one of the few platforms in Nigeria that offers all of the above features. Your mind will be at ease when you use Astro Africa because the platform is secure and speedy. Follow the steps below to sell your Bitcoin at the best rates on Astro Africa.
To open an account and begin trading, go to the Astro Africa website or download the Google Play or Apple Store mobile app.
- Sign up by clicking the signup button.
- Create an account.
- Click on Sell Bitcoin
- Choose a currency.
- Choose the cryptocurrency you want to purchase.
- When you click submit, Astro Africa will begin processing your transaction.
- Your transaction will be validated and credited to you promptly.
