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
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
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