One of Denmark’s most popular industries is ICT and the country has attracted many technology investors and companies due to its investor-friendly climate. That is why Denmark is one of the contributors to blockchain technology, which forms the basis of bitcoins.
It is prudent to remember that the Danish government does not regulate bitcoins and it is not considered legal tender by the government. Nonetheless, the government allows ordinary citizens and residents of Denmark to invest in bitcoins and permits residents and citizens to use this cryptocurrency for legal activities.
So, if you are wondering whether you can buy bitcoins in Denmark, the answer is yes. In fact, it is easy and simple to buy bitcoins in Denmark as there are several exchanges that are available for people living and working in Denmark. Some of the exchanges offer their customers wallets to store bitcoins and other cryptocurrencies while others do not.
Some are some of the most popular and sought-after exchanges to buy bitcoins in Denmark.
Top 5 places to Buy bitcoins in Denmark
(please remember: Investing in cryptos are highly leveraged and risky, and may not be suitable for all investors. You may lose more than your initial investment.)
eToro is one of the most popular trading platforms and cryptocurrency exchanges in the world. The exchange supports not just bitcoins but also other frequently traded cryptocurrencies such as ethereum, litecoin, and Zcash.
You can fund your account via bank transfer, PayPal, Neteller, and SEPA. As a resident or citizen of Denmark, if you use SEPA to fund your account, you will incur a lower cost. Remember, you need to deposit Danish krone to buy cryptos on this platform. If you would like to trade cryptocurrency but do not have a lot of knowledge, you can use the copy trading feature to succeed. It has a clean interface which is user-friendly.
Since eToro has been around for a long time, it is one of the few trusted exchanges to buy bitcoins in Denmark. It is a secure platform and has one of the best cybersecurity measures. Hence, you have nothing to worry.
Coinmama is open to bitcoin traders and buyers in practically all countries. So, if you are living in Denmark, you can use this platform to buy bitcoins. It levies a charge from 4.9% to 5.9% on each purchase. So, that is something to think about and take into account beforehand. You can fund your account through SEPA transfer if you like. It will attract a lower fee. This option is for customers living in Europe.
The best part of Coinmama is that you can use your credit card to buy bitcoins. It has one of the highest limits for purchasing bitcoins. However, the fees for using a credit card are quite high. Nonetheless, the platform is easy to use and it has gained the reputation of being trusted and reliable.
Coinmama ensures quick buying and selling of bitcoins and ensures optimal security of its platform. You can execute trade whenever you want, without any restrictions.
If you are looking for a Europe-centric cryptocurrency exchange, Kraken is the right choice. It was founded in 2011 and has the distinction of being the largest cryptocurrency exchange in Europe based on the daily trading volume. You can use it from Denmark without a hassle.
This exchange allows customers to fund their accounts through bank wire, SWIFT, SEPA, and ACH. The fees are low; the platform charges merely 0.25% and can easily get lowered to 0.1% if you have adequate trading volume. Also, you will be pleased to know that the maker fee is low and this can be nil if you have enough trading volume.
Kraken lays emphasis on security and data protection. However, it requires members to upload their government-issued ID for verification and this can lead to some privacy concerns. Furthermore, the platform is not for newbies and has a learning curve. So, it can hard to figure out how the exchange works till you get a hang of it.
Bitpanda is an exchange based in Europe. The platform charges low fees and has high payment limits. This makes it quite attractive for traders looking to buy bitcoins in Denmark. Also, it offers a number of payment methods, including debit and credit cards, Neteller, Skrill, SOFORT, online bank transfer, SEPA, EPS, and Giropay. You can choose the payment method that you find most convenient and quick.
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Bitpanda is one of the few exchanges that charges the lowest fees for buying bitcoins using your credit or debit card. The platform is easy to use and the high level of security and protection ensures you can repose trust in this exchange.
The high limits and the fast buying and selling process make Bitpanda a highly sought-after exchange in Denmark and other European countries. The only drawback is that the platform does not display its fees openly; they are part of the buying price and this can make it a tad bit tedious to figure out the fees.
Bity is a cryptocurrency exchange that is based in Switzerland. It also has bitcoin ATMs that enable users to purchase their first bitcoins quickly. The site mandates telephone verification if you want to an initial buying limit of € (CHF) 1,000. Thereafter, this limit is raised to €4,000 if you feel like it.
The site allows an annual payment limit of €100,000 but it requires intensive and lengthy verification. While that is a good thing, it does raise privacy issues. Also, you would need ID verification for your purchase which means you cannot buy bitcoins privately or anonymously.
The exchange allows you to fund your account in several ways, including online bank transfer, wire transfer, and SOFORT. It levies low fees and has a fast platform to execute trades.
The Bottom Line
These are some of the ways that you can buy bitcoins in Denmark. These exchanges are trustworthy and reliable. Out of all the exchanges that you can use to buy bitcoins, eToro has been around the longest and has a reputation of being reliable, trustworthy, and efficient. So, you have no reason to worry about the exchange closing shop.