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Bitcoin is the first and most popular cryptocurrency in the world. It has fast become an accepted digital payment system in many countries, including Norway.
Norway is home to many crypto exchanges where you can sell and buy bitcoin. However, not all of them are worth patronizing. On this page, find out the best Norwegian exchanges to buy the highly-valued currency.
This Norwegian guide for how to buy bitcoin: kjøpe bitcoin, also teaches you fast and secure ways to purchase Bitcoin.
It is important to note that in Norway, bitcoin and other cryptocurrencies are recognized as virtual assets taxable under the law.
So you need to put in research as you would while purchasing other shares and securities before you buy your Bitcoin. However, we have done the work for you. Below we listed the factors you need to consider before selecting a crypto marketplace to purchase Bitcoin.
How to Identify a Good Crypto Exchange?
Before working with a particular Norwegian crypto exchange, ensure it is tested and trusted. Find out from crypto traders you know if trusting your money with the exchange is a good decision. There are cases of people who have lost huge amounts of money to fraudsters posing as exchangers. Don’t just ask your acquaintances. Make some findings of your own on the internet. Check for customers’ reviews of the platform.
Each crypto exchange has its accepted payment methods. Their banking options often range from bank transfers to debit/credit cards and e-wallets. Check the payment methods of the exchange you intend to trade with and see if it suits your needs.
This is another factor that varies with different digital currency exchanges. It is important you know the fees your chosen exchange charges on transactions.
Some exchanges may have hidden fees. Ensure you read the terms and conditions before using it.
This is probably the most important factor. You need to ensure the exchange is highly secured and fortified from hackers. Do research and find out if the exchange was prone to hacking in the past or has a long history of website downtimes.
Top Crypto Exchanges in Norway
Coinbase has been in the game for a while and has established itself as one of the prominent exchanges in Norway.
The exchange has maintained a positive reputation in its ten years of existence. Customers’ assets are stored in a highly secured facility and insured. Other security features include multi-factor authentication and Coinbase Vault.
Creating an account with them is fast and stress-free. You get a sign-up bonus of 88 NOK. Transfer fees include 8.72 NOK- 26.35 NOK for transactions under 1, 762 NOK. Deals above 1,762 NOK attract a fee of 1.49%-3.99%
Firi is one of the biggest and most popular crypto exchanges in Norway. Security measures include two-factor authentication and coins kept in cold storage and insured with about 160 million dollars.
Firi charges 0.5% as transaction fees. You get 55 NOK for signing up and connecting your bank account. In addition, you get free Cardana when you make your first crypto purchase. Along with Bitcoin, Firi also supports five other cryptocurrencies.
Firi operates according to the Financial Supervisory Authority of Norway (FSAN) regulations, so the safety of your funds is guaranteed when you deal with this exchange.
eToro has one of the largest customer bases in the world, with 25 million customers in about 150 countries. It supports 17 cryptocurrencies and supports easy crypto conversion.
However, you need 88.11 NOK to open an account with them. Upon signing up, you will receive a massive 440.8 NOK sign-up bonus. The trade charges are 0.75%. Besides being a crypto exchange, it also acts as a broker and offers forex trading services.
NBX was created in 2020 and has garnered over ten thousand users to date. The exchange features a very low transaction fee of 0.5%.
For every transaction you make, 20% of your money is converted to CashPoints which you can redeem for flight tickets. When you create an account, you will receive a sign-up bonus of 150 NOK worth of Bitcoin.
Popularly called ‘The People’s Exchange,’ Kucoin was founded in 2017 with the aim of creating a user-friendly and safe platform for crypto users.
It supports 600 cryptocurrencies and has security features like multiple-factor authentication, encryption, and trading passwords. You get 88.11 NOK after creating a free account with them, and you could stake your coins on the platform. Transaction charges range from 0.0125% – 0.1%.
Kucoin also provides services for people interested in crypto trading.
If you desire a crypto exchange that is primarily dedicated to serving Norwegians, then Kaupang is your best choice. Whether you are a newbie or ex, you will find buying coins on this marketplace fast and easy. Kaupang is registered under the supervision of Finanstilsynet. It also has the latest security encryption on its site, thereby guaranteeing the safety of your transactions and information.
Crypto.com is on our list for several reasons. First, this features over 250 cryptocurrencies that you can purchase at affordable market rates. It also has a customized Visa card that gives you 8% back on your transactions, plus no top-up fees. In addition, the crypto app rewards you on your holdings. It is no wonder crypto.com is one of the fastest-growing crypto marketplaces in the world.