Discover Norway’s cutting-edge Cryptocurrency platform ecosystem as we go through several vendors to help you find the best crypto exchanges in Norway in February 2024.
Known for its stunning landscapes and progressive approach to technology, Norway is home to some of the best crypto exchanges in the world. If you’re on the hunt for a reliable and user-friendly platform to buy, sell, and trade cryptocurrencies, you’re in the right place.
From cutting-edge features to robust security measures, these exchanges have earned a reputation for being the top choices among crypto enthusiasts in Norway. So, fasten your seatbelt and get ready to discover the best crypto exchange that will elevate your trading experience to new heights in the land of the midnight sun!
What are the Best crypto exchanges in Norway February 2024 (7 great options picked and ranked)
eToro is an excellent option for traders looking for a reliable, user-friendly, secure platform with diverse assets and competitive fees. With its commitment to regulatory compliance, excellent customer support options, and flexible deposit methods, eToro is a top choice for traders of all levels.
eToro is also a regulated and licensed platform, providing users with peace of mind knowing they are protected by regulatory oversight. The platform is regulated and licensed by the European Securities & Markets Authority (ESMA), CySEC, the FCA, and other key regulators. This ensures that eToro complies with applicable laws and regulations, providing users with the security and safety they need to trade confidently.
Need help with your trading activities? eToro offers a variety of customer support options, including 24/7 support via live chat, Norwegian language support, email, and an online ticketing system.
Plus, eToro offers multiple deposit methods for both EUR and NOK, including bank transfer, credit/debit card, Klarna, SOFORT, Skrill, Neteller, and PayPal. This flexibility in deposit methods makes it easy for users in Norway and other countries to fund their accounts and start trading quickly and easily.
Features of eToro
- Commission-free Trading: eToro offers 0% trading fees, making it a cost-effective choice for investors looking to trade stocks, cryptocurrencies, ETFs, and other assets
- Diverse Asset Selection: eToro supports a wide range of assets, including 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs, providing investors with diverse options
- Regulated & Licensed: eToro is regulated and licensed by key financial authorities such as the European Securities & Markets Authority (ESMA), CySEC, and the FCA, providing users with a safe and trustworthy trading environment.
- Multiple Deposit Methods: eToro supports EUR and NOK deposit methods through various payment options, including bank transfer, credit/debit card, Klarna, SOFORT, Skrill, Neteller, and PayPal
- Convenient Customer Support: eToro’s customer support is available 24/7 via live chat, email, and an online ticketing system. The platform also provides Norwegian language support for its users
- Engaging communal experience on the platform
- Cryptocurrency holdings can be transferred off the platform
- Comprehensive educational resources are available
- No crypto-to-crypto trading pairs
- Some users reported limited customer service
Binance is one of the world’s largest and most popular cryptocurrency exchanges, providing customers with low-fee trades and extensive liquidity. This exchange has built its name by providing a dependable and safe platform for traders to quickly buy, sell, and store cryptocurrencies.
Binance’s trading fees are tiered, with the charge decreasing as the trade volume increases. This encourages traders to trade more and enjoy lower fees as a result.
Binance is most recognized for its spot market, which allows users to trade cryptocurrencies against each other or fiat currencies. Spot market fees begin at 0.1%, making it one of the most cost-effective exchanges accessible.
The exchange also provides numerous trading pairings for popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Binance Coin (BUSD).
Binance is incredibly popular globally because of its size and history as an industry platform, and it also has a substantial user base in Norway as well.
Features of Binance
Binance, with over 100 coins, provides a diverse range of possible revenue streams via staking, savings accounts, and yield farming. It also offers an NFT marketplace where you can buy static images or animated photographs to use on social media or elsewhere.
- It has sophisticated trading features
- Binance Academy provides cryptocurrency instruction
- A wide range of crypto assets are available for purchase
- Low transaction costs
- They offer an “earn” Program that offers a high APY on cryptocurrency
- It is not necessarily the most simple platform for those who have never utilized an exchange before
- It has faced numerous regulatory problems in the past
Screenshot of trading component:
NBX is a cryptocurrency in Norway-based that offers its users a reliable and secure platform for buying, selling, and storing cryptocurrencies. As a regulated exchange under the Financial Supervisory Authority of Norway, NBX ensures that its users’ funds are kept in European bank accounts, providing peace of mind to its customers.
One of the standout features of NBX is its competitive fee structure, making it an attractive option for casual and professional traders. Its high liquidity also ensures that users can quickly buy and sell their preferred digital assets without any hiccups.
NBX has a wide range of digital assets available for trading, including some of the most popular cryptocurrencies like Bitcoin and Ethereum and a few lesser-known altcoins. The exchange also provides users with a secure and user-friendly mobile application for trading on the go.
In addition to its exchange services, NBX also offers its users the option to store their cryptocurrencies in a secure digital wallet. The wallet is fully integrated into the exchange, allowing for ease of use and seamless transfers of funds between the two.
Features of NBX
- Low fees with a 0.5% maker fee and 0.7% taker fee
- Access to over 50 different cryptocurrencies, including popular options like Bitcoin, Ethereum, XRP, Litecoin, and Dogecoin
- Multiple deposit methods are accepted, including bank transfer, credit/debit card, SEPA, and various crypto wallets.
- Wide selection of supported cryptocurrencies, including popular options like BTC and ETH
- Low fees compared to some other crypto exchanges
- Regulated by the Financial Supervisory Authority of Norway
- Offers 24/7 customer support via chat, email, and phone for convenience and accessibility
- Supports a variety of deposit methods
- Some users may find the taker fee to be relatively high compared to other exchanges.
- Limited options for fiat currencies, with only NOK supported.
Looking for a reliable and user-friendly crypto trading platform? Look no further than Uphold! Uphold, a top platform in Norway provides its users with free and immediate NOK and EUR deposits for trading over 250 cryptocurrencies without transaction fees. This means you can start trading immediately without worrying about any hidden charges.
Uphold is a licensed and regulated exchange in Europe, headquartered in London. With over 10 million users across the continent, Uphold has established itself as a trusted platform for buying, selling, and trading cryptocurrencies. One thing that sets Uphold apart from other European exchanges is its audited proof-of-reserves. This ensures that customer funds are always held in a 1:1 ratio, providing added peace of mind and security for users.
At Uphold, you can access a wide range of cryptocurrencies and trading pairs, making it easy to build a diverse portfolio. Whether you’re new to trading or an experienced investor, Uphold provides a user-friendly and intuitive platform to help you achieve your financial goals. Plus, with 24/7 customer support available in multiple languages, you can get help whenever needed.
Features of Uphold
- Supports over 250 cryptocurrencies and offers staking for 30+ cryptos
- Globally regulated and available in 150+ countries for secure trading
- 24/7 customer support via live chat and email for prompt assistance
- Multiple NOK deposit methods, including Bank Transfer, Credit/Debit Card, SEPA, Google Pay, and Apple Pay
- Diverse cryptocurrency selection for ample trading options
- Seamless portfolio management with cross-asset trading
- Crypto staking rewards
- Cost-effective trading with no deposit, withdrawal, or trading fees
- Valuable educational content to boost trading knowledge
- Convenient debit card for easy cryptocurrency spending
- Security Considerations for safe trading practices
- Variable spread may affect trading profitability
- Limited mobile app functionality for an on-the-go trading experience
Looking for a platform to trade crypto and other assets with no trading fees? Look no further than Capital.com. With over 100 cryptocurrencies supported and 2x leverage available, you can trade easily and cheaply.
Plus, the platform is licensed by ASIC and FCA, giving you added security with a fully functional desktop platform and a highly-rated mobile app.
And if you need help, the dedicated account manager and excellent customer support team are there. Best of all, deposits and withdrawals are always free. Join Capital.com today and start trading with confidence.
Features of Capital
- Trade with confidence on Capital’s licensed and secure platform regulated by ASIC and FCA
- Access to trading with 100+ cryptocurrencies
- Explore and experiment with real assets in real-time using Capital’s fully functional demo account.
- Experience seamless and hassle-free transactions with free deposits and withdrawals via multiple payment methods, including debit/credit cards, bank transfers, and more.
- Get personalized support from a dedicated account manager available round the clock.
- Access the best trading experience on Capital’s user-friendly desktop platform and highly-rated mobile app (4.7/5 on both Apple and Google)
- Rest assured, knowing that Capital meets robust information security standards with ISO 27001 certification.
- The quick and easy registration process makes it relatively quick to get started
- Multiple convenient deposit and withdrawal options are available
- Customer funds are kept in segregated accounts, ensuring the safety and security of the fund
- Extensive collection of training materials and research tools for market analysis and study
- Multilingual support is provided in 13 different languages
- Wide selection of trading instruments to choose from
- No investment programs, such as PAMM accounts or trade copying services, are offered to clients
KuCoin is an Australian cryptocurrency trading platform with over 11 million members. It has a large selection of 700+ coins, advanced trading options, and affordable fees. It also provides free access to cryptocurrency trading bots, 24/7 customer support, and an easy-to-use interface. It also has strong security measures in place to secure users’ assets.
- A wide range of cryptocurrency options is offered
- Low trading fees
- User-friendly interface
- Free cryptocurrency trading bots
- Inability to withdraw fiat currencies
Crypto.com is a popular platform that offers a comprehensive suite of services for buying, selling, staking, and trading cryptocurrencies. The platform has over 100 digital assets for users to trade, including Bitcoin, Ethereum, and many others. In addition to trading, Crypto.com also offers debit/credit cards and merchant services for businesses.
The platform is available in Norway and provides secure solutions for buying, selling, and storing crypto with low fees. Users can easily access the platform via its website or mobile app, which offers a simple and user-friendly interface.
One of the standout features of Crypto.com is its staking program, which allows users to earn rewards on their crypto holdings simply by holding them on the platform. The rewards can be substantial and are paid out as additional cryptocurrencies.
Features of Crypto.com
- Low fees: Crypto.com offers a maker fee of 0.1% – 0.2% and a taker fee of 0.2% – 0.4%
- Wide range of cryptocurrencies: Over 100 digital assets are available for trading on the platform, with 30+ for staking on Crypto.com Earn
- 24/7 customer support: The platform provides 24/7 customer support via live chat and email, ensuring that users can get the assistance they need whenever they need it
- Convenient NOK deposit methods: Crypto.com offers a variety of deposit methods for Norwegian users, including bank transfer, credit/debit card, SEPA, and various crypto wallets.
- Wide selection of over 100 cryptocurrencies
- Low fees
- Licensed and secured platform
- Fees for purchasing cryptocurrencies with credit or debit cards can be higher compared to bank transfers
How to easily get started buying Bitcoin and other Cryptos in Norway
Getting started buying Cryptos through a trading platform is pretty straight forward simply follow the below bullet points to quickly get going:
- Choose a regulated platform: Find exchanges that follow Norwegian financial legislation.
- Register and verify your account: Sign up using your email address, create a strong password, and complete the Know Your Customer (KYC) process by submitting the necessary identification documents and evidence of residency to meet legal requirements and terms of service of the exchange.
- Deposit your initial NOK funds: Use Norwegian financial means to deposit your chosen amount of money into your account, by utilizing a payment method such as bank transfers, mobile payment services, or debit/credit cards.
- Invest in cryptocurrency: Specify the cryptocurrency to be purchased as well as the amount, either in NOK or the cryptocurrency equivalent, and then complete the transaction for the assets your interested in such as Bitcoin, ETH or other coins like Ripple or USDT.
- Protect your assets: To improve security and control we recommend first using a strong random password that is at least 12-15 characters and has a good mix of numbers, letters and symbols that is random and not used anywhere else. In addition we recommend taking advantage of other security options such as 2FA and anti-phishing codes to add an extra layer of protection to your account. Lastly once you have amassed some crypto in your portfolio consider moving some or the whole amount into a private wallet such as an offline one so your assets are protected offline in cold storage.
What do you need to be able to buy and sell Cryptocurrencies?
Here is a quick list of some things you will need to begin trading:
- A copy of your photo ID document: To satisfy KYC (Know Your Customer) requirements you will need to submit a photo ID such as drivers license. These measures are in place to prevent fraudulant transactions taking place on exchanges and apps.
- A payment method: Numerous individuals in Norway purchase Bitcoin using a bank account or a credit card. You can also purchase cryptocurrency using PayPal or another electronic wallet. Check that you have the information for the account you wish to use, whether it’s your credit card, PayPal, or another platform.
- Online account with an exchange: Once you have all the information above on hand ready to go you will need to sign up with an account using a platform such as the ones linked above this article to get started.
Factors to Consider When Choosing a Cryptocurrency Exchange for Buying and Selling Crypto Assets
Here is a list of what we consider key factors to consider when choosing a Crypto exchange and were taken into account when compiling our list:
2-Factor (2FA) authentication & security measures
To add an extra degree of security to your account we suggest you enable two-factor authentication (2FA). Typically, this entails connecting your account to a mobile app such as Google Authenticator or receiving SMS codes for account verification when logging in from a new device. Other security procedures, such as anti-phishing codes and cold storage, are also necessary to ensure that funds are maintained securely.
Anti-phishing codes can be set up with most exchanges and is basically a custom code you assign that displays a watermark in emails from the exchange helping to protect you from other fake phishing emails. Lastly, cold storage is a method of physically storing the data offline when it isn’t accessed so it has minimal risk of being accessed.
Range of Crypto assets to choose from
When picking an exchange especially if you are interested in automated trading or day trading having a wide variety of assets to choose from is helpful. Many exchanges support a wide range of coins to choose from can help you build up a nice diverse portfolio.
In addition, many exchanges also allow you to buy and sell other things like NFTs and access different types of apps for different financial applications known commonly as DApps (Decentralized apps).
Take into account the exchange’s trading fees. Exchanges typically charge a percentage of the transaction value or a flat cost for each trade. Depending on your volume and intended use case some exchanges may have cheaper fees.
User experience and interface design
A simple user interface can dramatically improve your trading experience. Look for exchanges with user-friendly and well-designed platforms, especially if you are a beginner.
Liquidity and trading volume
When selecting an exchange, liquidity is critical. Higher liquidity ensures that you can simply acquire or sell your selected cryptocurrencies without experiencing substantial price fluctuations. Furthermore, exchanges with higher trading volumes have greater market depth and tighter spreads.
Customer service that is dependable is essential, especially when working with digital assets. Look for platforms that offer responsive customer service via multiple mediums, such as email, live chat, or phone, in order to handle any problems or issues as soon as possible. At a minimum having a live chat or email ticketing system is important to get good customer support when you need it.
Every country is different in terms of what regulations it has in place for exchanges operating in the market. The platform should have a license or is in some way regulated in your country.
Choosing the best crypto exchange in Norway depends on various factors, including trading fees, available cryptocurrencies, regulation, customer support, and security measures. Each exchange has its strengths and weaknesses.
In terms of a local player, we like NBX as it is based in the country and has a nice sleek interface but isn’t as widespread as the others which provide more functionality for advanced traders.
Our top pick for the best Bitcoin in Norway is Etoro as it has a wide variety of financial tools beyond Crypto and is a well-respected player in the space. Second, behind Etoro, we like Binance as it is also widely known and used across the world with a variety of coins and functionality.
Ultimately, it’s essential to research, consider your trading needs and preferences, and choose an exchange that aligns with your goals. It’s also important to remember that the cryptocurrency market is volatile, and exercising caution and managing risk appropriately is crucial.
We hope that this information has helped you choose the best Crypto exchange in Norway for your investment needs. Check out our blog for more useful information and relevant topics. Happy investing!
Factors we took into consideration when creating this article:
- We developed criteria for selecting exchanges to evaluate, such as reputation, trading volume, user base, regulatory compliance, and the number of coins available, as well as their websites to confirm they had licenses and compliance to operate in Norway, as well as other things like KYC protocols.
- Examined each platform’s security features, such as anti-phishing codes and 2FA codes, as well as its overall reputation for handling cyber security in accordance with industry best practices.
- Checked each platform for user-friendly design interfaces to ensure platforms are simple for newcomers to grasp.
- We gathered data on each exchange by visiting their respective website, reading user reviews, and checking for recent news or events pertaining to the exchange.
Why trust AGR Technology
Alessio Rigoli launched AGR Technology in 2013 with the intention of focusing on YouTube and blogging on technology issues such as Android, Cyber Security, Blockchain, and EdTech. Since then, the company has grown to cover services such as website creation, hosting, software development, and digital marketing. AGR Technology helps clients in a variety of industries by delivering creative and high-quality technology solutions to assist them in growing.
What are some of the best Crypto exchanges/Apps according to Reddit and Redditors
Here are some summarized extracts of opinions from the popular website Reddit.com around what people think are the most popular apps and platforms for Norway:
You can consider Gemini or Kraken. (Paraphrased)
You can choose to use Binance
Firi, NBX, and Bare Bitcoin (now only available on iOS) / Kun iOS App (Paraphrased)
The best one might be any of the top five exchanges that everyone is familiar with. (Paraphrased)
That is extremely early. Bitcoin was founded in 2009, thus I doubt there would have been exchanges that early, especially in Norway. You can look through these and see if anything sounds familiar: New Liberty Criteria, Virwox.com, Mt.Gox (Paraphrased)
Coinbase, NordikCoin, NBX, Miraiex, and a few others are among some popular options for Norwegians . (Paraphrased)
FAQ (Frequently Asked Questions)
How can I sell Bitcoin in Norway?
End-users in Norway can readily purchase cryptocurrencies using cryptocurrency exchanges such as those provided in this article. When it comes to purchasing and selling crypto assets in Norway, there are various payment methods available. Payment methods may include Apple Pay, Google Pay, Credit Card, Debit Card, Bank Transfer, and PayPal.
Is Cryptocurrency legal in Norway?
The Financial Supervisory Authority of Norway (Finanstilsynet) and the nation’s Ministry of Finance have created money laundering legislation for service providers of virtual currency exchange and storage. In addition, cryptocurrencies are legal in Norway.
Finanstilsynet issued a warning about severe price swings and illegal behavior and noted that the use of cryptocurrencies is subject to sales tax laws and that Bitcoin profits are taxed as wealth. The creation of a CBDC is being looked upon by the Central Bank of Norway.
Is Cryptocurrency taxable in Norway?
Yes, Cryptocurrency is recognized like any other type of asset and is therefore taxable.
How do I sell cryptocurrencies on an exchange?
Selling cryptocurrencies on an exchange involves selecting the cryptocurrency you want to sell, specifying the amount you wish to sell, choosing a trading pair, and placing a sell order at the desired price.
What are the fees associated with cryptocurrency exchanges?
Cryptocurrency exchanges charge fees for various services, such as trading fees, deposit, and withdrawal fees, and sometimes account maintenance fees. These fees can vary among exchanges, so it’s important to check the fee structure of your chosen exchange.
How long does it take to complete a transaction on a cryptocurrency exchange?
The time it takes to complete a transaction on a cryptocurrency exchange depends on various factors, including network congestion, transaction volume, and the speed of blockchain confirmations. It can range from a few minutes to several hours.
What is a limit order and a market order on a cryptocurrency exchange?
A limit order allows you to specify the price at which you want to buy or sell a cryptocurrency. A market order, on the other hand, executes the trade immediately at the current market price.
Are cryptocurrency exchanges safe?
Reputable cryptocurrency exchanges implement security measures to protect user funds, such as secure storage, encryption, and two-factor authentication (2FA). However, it’s crucial to choose a trusted and well-established exchange to minimize risks.
What security measures should I consider when using a cryptocurrency exchange?
To enhance security when using a cryptocurrency exchange, enable 2FA, use a strong and unique password and regularly review your settings and passwords.
Note: AGR Technology may receive a commission on sales generated by partner links on this page, but this has no bearing on opinions or evaluations and is at no cost to you. Please consult an authorized financial adviser if you are unsure whether investing is right for you or which investments are right for you.
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Alessio Rigoli is the founder of AGR Technology and got his start working in the IT space originally in Education and then in the private sector helping businesses in various industries. Alessio maintains the blog and is interested in a number of different topics emerging and current such as Digital marketing, Software development, Cryptocurrency/Blockchain, Cyber security, Linux and more.
Alessio Rigoli, AGR Technology