Summary: If you wish to buy Bitcoin and other cryptocurrencies with Swedbank, you have to signup to a regulated exchange. We recommend one exchange in particular, eToro. This exchange is regulated in Europe which means that you can safely buy 1,000s of digital assets and cryptocurrencies. They are perfect for beginners that want a simple way to invest in cryptos like Bitcoin, Ethereum, Solana and many others!
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Swedbank is a traditional banking institution and does not offer any type of trading services related to cryptocurrencies. We recommend customers of Swedbank to instead connect their bank accounts or link their credit/debit cards to third-party exchanges like eToro.
You can then conduct all your buying and selling of cryptocurrencies like Bitcoin, Ethereum and many others through them.
The first step before you can buy crypto is to signup to a trusted and regulated exchange like eToro.
We recommend eToro as they are regulated in North America and Europe and offer 1,000s of digital assets and cryptocurrencies.
Depositing funds with Swedbank is simple to setup and can be done both via ACH-deposits or card transfers.
Bank transfers are free of charge while credit or debit card deposits are instant but come with a small deposit fee.
Once your funds have arrived you can begin investing in cryptocurrencies like Bitcoin, Ethereum, Solana, Cosmos, Polkadot, Arbitrum, Doge and many others.
1. Create Account: Signup and add your identity verification
2. Deposit Funds: Via your Swedbank account or credit/debit card
3. Start Buying: Once your deposit has arrived in your account
While Swedbank has not issued an official cryptocurrency policy, the bank is crypto-friendly like most banks in Scandinavia.
The bank does not offer any investment products related to cryptocurrencies but it does not stand in the way of customers who wish to purchase cryptocurrencies through other companies.
So for those that have a Swedbank account and are looking to invest in cryptocurrencies, as we mentioned previously, that is totally fine and you can deposit funds from your Swedbank account to a regulated exchange.
Swedbank's decision to refrain from offering cryptocurrency services reflects a broader pattern seen in many banks worldwide.
Amidst the hype and dynamism of the crypto market, it's easy to forget that this field still carries substantial risks.
Swedbank's stance on cryptocurrency is that it is a high-risk investment and that the bank does not have the expertise or resources to provide a safe and secure platform for its customers to trade cryptocurrencies.
Swedbank was founded in 1820 as a savings bank. The bank was originally called Föreningsbanken i Stockholm, but it was renamed Swedbank in 1990.
Swedbank has grown rapidly in recent years, and it is now one of the largest banks in the Nordic region with operations in Sweden, Estonia, Latvia, Lithuania and Finland. The bank has over 8 million customers across the countries where it operates and over 8,000 employees.
Swedbank is known for its wide range of banking services, including consumer banking, mortgages, private banking, corporate banking, asset management and investment banking. It also offers online banking, mobile banking and international payments.
Swedbank has over $80 billion in total assets under management which generates revenues of over $18 billion for the bank.
In terms of asset management, Swedbank offers a variety of products and services which include mutual funds, ETFs, structured products, and alternative investments, such as hedge funds and private equity funds. It also has a wealth management arm that caters to high-net-worth individuals.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
