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How to Buy Crypto With Swedbank [2023] | Step-by-Step

How to Buy Crypto With Swedbank [2023] | Step-by-Step

Summary: Swedbank doesn’t offer customers the chance to buy cryptocurrencies on its own platform. Instead, Swedbank customers can connect their banking accounts to a regulated crypto broker to purchase digital assets like Bitcoin (BTC) and Ethereum (ETH). 

In short, to buy crypto with Swedbank, investors in Sweden, Lithuania, Latvia, or Estonia will need to sign up with a regulated crypto-friendly exchange like eToro and deposit SEK or EUR from their Swedbank account.

Best for:

Intermediate Traders and Investors

2.8 Million Active Accounts
Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

Can you buy crypto with Swedbank? 

You can buy crypto with Swedbank, but you need to connect to a licensed exchange that offers cryptocurrencies. As mentioned above, this is because Swedbank does not offer cryptocurrency services directly through its online banking platform.

How to buy crypto with Swedbank?

The best way to buy Bitcoin or any other cryptocurrency with Swedbank 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. 

Crypto on eToro. Source: eToro.com

How to buy crypto with Swedbank online banking: 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 SEK or EUR amount you want to deposit on the eToro platform;
  • Step 3: Connect your Swedbank online account to deposit your selected fiat currency;
  • Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Best for:

Intermediate Traders and Investors

2.8 Million Active Accounts
Finbold is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

About Swedbank

Swedbank AB is a Nordic-Baltic banking group operating in Sweden, Estonia, Latvia, and Lithuania. The bank has roots in the Swedish savings bank movement, dating back to 1820. Swedbank serves approximately 7 million customers across its European branches, offering various banking and financial services.

Swedbank Sweden homepage. Source: Swedbank.se/en

Services offered by Swedbank include: 

  • Personal banking: Checking and saving accounts, mortgages, loans, various insurance products, and retirement options;
  • Business banking: Financing options such as business loans and business credit cards, as well as business insurance; 
  • Wealth management: Advisory services and portfolio management, various savings and investment fund options. 

Swedbank’s crypto policy

Swedbank has no policies prohibiting its users from depositing/withdrawing funds to/from regulated crypto exchanges. Swedbank’s online page provides no specific information or stance regarding cryptocurrencies.

How to buy crypto safely

As a relatively new and untested territory, cryptocurrency markets are highly speculative, and little regulatory framework exists for their trading globally. 

Fortunately, there are steps you can take to ensure you’re staying safe when investing in crypto. Here are a few essential guidelines for 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 crypto 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 Swedbank:

How to buy crypto with Swedbank?

You can buy crypto with Swedbank by depositing EUR to a licensed third-party trading platform that offers cryptocurrencies.

Can you buy crypto with Swedbank?

While Swedbank doesn’t offer crypto trading directly through its own platform, customers can connect their Swedbank accounts to a regulated cryptocurrency exchange to buy digital assets.

What crypto exchanges does Swedbank allow?

Customers can deposit funds from their Swedbank accounts to licensed crypto brokers, such as eToro. 

What is Swedbank’s crypto policy?

Swedbank’s crypto policy allows customers to use their accounts to buy, sell and trade digital assets through regulated exchanges. 

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