![How to Buy Crypto With Klarna [2023] | Step-by-Step](https://finbold.com/app/uploads/2023/02/Klarna-1024x683.jpg)
Summary: Klarna doesn’t provide cryptocurrency services directly from its own platform. However, customers can make payments through Klarna to licensed cryptocurrency brokers to buy digital assets such as Bitcoin (BTC) and Ethereum (ETH).
In short, to buy crypto with Klarna, investors will need to sign up with a regulated crypto exchange like eToro and deposit EUR through Klarna.
Can you buy crypto with Klarna?
You can buy crypto with Klarna, but you need to connect to a licensed cryptocurrency exchange that accepts EUR through the Klarna app. As mentioned above, this is because Klarna does not offer the buying and selling of cryptocurrency directly through its platform.
How to buy crypto with Klarna?
The best way to buy Bitcoin or any other cryptocurrency with Klarna is through a regulated broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading” (enables users to imitate top-performing crypto traders), a staking service, custom watchlist, as well as advanced charts and technical analysis tools.
*Depositing with Klarna is available to eToro users in Austria, Belgium, Finland, Germany, Italy, the Netherlands, Poland, Spain, and Switzerland.
How to buy crypto with Klarna: Step-by-Step
You can get started in minutes with four simple steps:
- Step 1: Create an account on eToro and complete your verification (personal or company);
- Step 2: Enter the EUR amount you want to deposit on the eToro platform;
- Step 3: Select Klarna to deposit your selected fiat currency;
- Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.
About Klarna
Klarna Bank AB, commonly called Klarna, is a Swedish fintech company that offers online financial services such as direct payments, pay-after-delivery options, and installment plans. Customers can use the Klarna mobile app anywhere online or choose Klarna as their payment option at the checkout with participating retailers.
In 2013, Klarna acquired SOFORT AG, after which the Klarna Group was formed. Following a major re-branding initiative in August 2017, the Sofort (also known as Pay now) payment method became visually integrated under the Klarna product range.
The company was founded in 2005 and currently serves 150 million active consumers across more than 450,000 merchants in 45 countries, including Europe, the US, and Canada.
Klarna’s crypto policy
Klarna has no policies prohibiting its users from buying and selling digital assets through licensed exchanges.
How to buy crypto safely
As a relatively new asset class, cryptocurrencies remain highly speculative and subject to extreme price volatility, making them much riskier than traditional financial instruments such as stocks or bonds. In addition, fraud and cybercrime in the crypto sphere are particularly rampant, putting both seasoned and inexperienced investors at risk.
Fortunately, there are steps you can take to ensure you’re being careful when buying crypto. Let’s look at a few tips on what you should do when getting started with digital assets and how to best protect yourself and your money:
- Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks are;
- Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
- Choose a reputable exchange: Ensure the exchange is licensed by the appropriate regulators in your country and has a solid track record. Study the exchange’s user terms and agreements carefully to learn more about where your money is kept and what happens to your funds if the business goes bankrupt. You may also want to scour through user reviews to catch any red flags;
- Secure your account: Use two-factor authentication and a strong password to protect your account;
- Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
- Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, have a look at our guide on investing mistakes to avoid;
- Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy crypto with Klarna:
What is Klarna?
Klarna is a payment service provider that acts as an intermediary between merchants and consumers. It provides payment solutions for online stores and services that allow customers to pay for their purchases in installments, later, or directly with their preferred payment method.
Can you buy crypto with Klarna?
Yes, you can buy crypto with Klarna; however, not directly on their platform. Instead, customers can use Klarna to deposit funds to licensed third-party crypto brokers and buy cryptocurrencies.
How to buy crypto with Klarna?
You can use Klarna to buy crypto using a licensed third-party cryptocurrency platform, such as eToro.
What is Klarna's crypto policy?
Klarna’s crypto policy allows its customers to use its services to buy, sell and trade digital assets through regulated exchanges.
