One of the most exciting experiences today is finding the top Swedish cryptocurrencies. Going through different crypto exchanges can be overwhelming and confusing, especially if you are a new trader. That’s why we here at Crypto Lists will help you with the top cryptocurrencies that’s available and highly popular in Sweden and showing exchanges that are suited for Swedish citizens.
Top 20 sites for buying, selling and trading crypto in Sweden
This is the toplist with the best sites to buy, sell or trade crypto currencies if you are Swedish or living in Sweden. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an EU licensed broker if you want to trade crypto CFDs with leverage and always using a reputable crypto platform or exchange that has been around for some while, with good track record, great reputation and positive feedback from its customers when it comes to buying or selling crypto currencies. The better option for you as customer, the better ranking we give them. Lycka till med din kryptohandel!
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How to choose a cryptocurrency of interest in Sweden?
If you are stuck between different cryptocurrencies and still wondering which is the best to invest in Sweden, you need to know that it revolves around the fundamentals. It is hard to select the right crypto since there are several of them in the market.
Working with the best cryptocurrency should be your number one priority to profit and stay for long in the crypto world. Therefore, you should follow the guide below to know how to choose the crypto that interests you.
The biggest part of cryptocurrencies’ success is in their following. Therefore, you should look at the crypto coin with the highest number of loyal followers or a strong community in Sweden. This shows that Swedish people have genuine belief and interest in that particular cryptocurrency.
This means the investment foundation. Check their ambitions, strength, and team. If you are starting on crypto, don’t worry much about the technical stuff since the fundamental analysis will help as much as the technical analysis part of the currency.
This is among the vital things you can research about a certain cryptocurrency in Sweden. Therefore, research and vet the team behind each Swedish cryptocurrency to get the right one. You should analyse some important issues like:
Are the team members ambitious?
Is there a proven track record set by the team?
Do you have faith in the team‘s expertise?
Who is pulling the strings behind the cryptocurrency?
The above questions are important to answer when deciding the right crypto since the team can steer the currency to failure or success. The cryptocurrency with a strong team and a proven track record is the best to invest with.
The underlying technology is the biggest part of the crypto‘s success. You need to understand the working principle of a certain cryptocurrency against its competitors. You should know what makes the technology behind certain Swedish crypto stand out from the rest. Go for the cryptocurrency with big innovators and great innovation like smart contracts.
To predict future behaviour, you need to have past behaviour. This might not be entirely true with cryptocurrency, but you will get a strong coin history from its price fluctuation. Pricing history will answer important questions like:
Was the coin resilient when the market took a bid dip?
Are the coins volatile in value?
Are they priced high all the time?
Which are the top cryptocurrencies in the Sweden 2022?
Cryptocurrencies are the new trending topic worldwide. Now, investors in Sweden are looking for the best crypto to gain more profit. It has been among the states to embrace top cryptocurrencies like:
Recently, Sweden announced that they will launch their first digital currency (eKrona), backed by the central bank. It was made clear that it is not similar to other cryptocurrencies, but it uses blockchain technology. The main reason for its launch is to replace physical coins within the country.
What to consider when choosing a crypto exchange?
Ready to invest in cryptocurrency in Sweden? It is easy! However, you need to have some factors at the back of your head when selecting an exchange.
This is an essential element to consider when dealing with cryptocurrency. Traders and investors need to feel that their money is in good hands. A secure crypto exchange should have a system that detects and block any suspicious activities.
Most exchanges deduct a small transaction fee in every transaction, whether selling or buying. Different exchanges offer different exchange rates. Therefore, research the exchange rate that fits your trading activity.
The exchange volume
Knowing the exchange with the highest trade volume will make your investment easy. It is good to use a high exchange volume exchange for many reasons, like benefiting from unlimited resources to secure your digital assets.
Crypto exchange guide – How does it work?
Cryptocurrency is now the new force in the investment world. Investors will need to make some decisions about how to safely store their digital assets, how to invest, and how to choose the right crypto.
The most simple and popular way of selling, staking, and buying digital assets is through digital or cryptocurrency exchange. There are more than 300 exchanges in the world. The secret is to select the right cryptocurrency exchange based on your activity to impact your crypto investments positively.
It is a requirement in all crypto exchanges to provide and verify their personal identity before trading. You will start by filling in personal info that includes legal names. This is followed by choosing the type of identification to use, either your Swedish passport or ID. The process will finalise by sending a photo to verify the initial image sent with the identification document.
Crypto exchanges available in Sweden
Crypto exchange offer investors to sell, buy and trade cryptocurrencies online all by themselves. Exchanges charge a fixed trading fee and act as an intermediary to allow traders to carry out trade activities at the market price of their choice. Popular Swedish exchanges include:
This is one of the most well-known and largest crypto exchanges globally. Coinbase is the best exchange for beginners to store and buy crypto. It offers additional services like Coinbase pro and wallet app. You can enjoy features like live order booking with Coinbase pro.
This is the best exchange for social trading. eToro offers a smooth and simple social trading platform, ensuring the best user experience. You will be able to see the position of other investors or traders, creating a new trading aspect.
This exchange allows Swedish investors to sell, trade, and buy digital assets with varying rewards. You will enjoy a few credit cards with rewards from 1% – 8% APR. The credit card issued by Crypto.com has no deadlines and a fixed payment schedule. It is suitable for an investor wishing to trade and earn rewards simultaneously.
How much should I deposit?
Different people have different needs, ideas, and budgets. Therefore, when investing in crypto assets, you need to go with what you are most comfortable with and pose less risk to your total investment. Also, you should be very careful and keen when depositing since there are scam sites that will take your money without a trace. Before you deposit, talk to an expert to get the right guidelines and safety assurance. It won’t hurt if you do your due diligence before depositing. Invest in well-known platforms and exchanges!