How to Buy Cryptocurrency in Denmark
Buying cryptocurrency in Denmark
Denmark' population has taken an interest in Bitcoin, making it quite popular. The country's government doesn't have regulatory restrictions on Bitcoin and allows its use as an asset. Residents are free to use it for legal activities, along with the supporting exchanges. Purchasing Bitcoin here is fast and easy having in mind that there are over twenty exchanges available, including Coinbase and Coinmama. Both have built-in wallets for you to store your Bitcoin or any other tokens, along with most other available exchanges. However, storing Bitcoin on an exchange is too risky, so using a hardware wallet like Ledger Nano S or Trezor for storing your private security key to protect investments is a good idea. Privacy is obviously a concern for many who don't wish to expose their identity. This isn't a problem, as the country has three Bitcoin ATMs available, which offer more privacy than an online exchange
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Denmark. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
- Very low fees
- High liquidity
No US residents
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Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
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Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options
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Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
- Open to US residents
- Integrated with Brave Browser
- Over 50 different coins
- Also offers precious metals and equities
- Convenient and cheap deposit/withdrawal methods
- High trading fees
- Smaller coin selection compared to some
- No Paypal withdrawal option
- No instant debit card withdrawals
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