How to invest in cryptocurrencies

Investing in various cryptocurrencies has become increasingly popular in Sweden. Many Swedes are looking for ways to buy cryptocurrency or are wondering which cryptocurrency to buy. In this guide, BTCX helps you understand the basics of investing in cryptocurrency, whether you're a beginner or have some experience.

Crypto Tax Guide

What is cryptocurrency?

A cryptocurrency is a digital asset that uses cryptography for security, hence the name. The most well-known are Bitcoin and Ethereum, but there are thousands of others. Buying cryptocurrencies means investing in these digital assets with the hope of future value increase, although investing in cryptocurrency involves risks. There are different types of cryptocurrencies, and significant differences between them. Some have a known issuer, like Ethereum, while others, like Bitcoin, were issued anonymously.

3 ways to invest in cryptocurrencies

1. Direct purchases via crypto exchanges

Platforms like BTCX allow you to buy bitcoin with SEK. You can buy bitcoin at BTCX here.

2. Certificates and ETPs

Through certain trading platforms like Avanza or Nordnet, you can invest in cryptocurrencies without owning them directly. You can read more in our guide: Bitcoin certificates – how do they work?

3. ETFs and crypto-related funds

Some funds provide indirect exposure to the cryptocurrency market by investing in related assets.

Step-by-step: How to buy cryptocurrency in Sweden

1. Choose a platform

Register with a crypto exchange you trust. One example is BTCX, Sweden's oldest bitcoin exchange. Here's a guide on how to register with BTCX: How to create your own account to securely trade bitcoin.

2. Transfer funds

Some platforms require a deposit before you can make a purchase, while others, like BTCX, allow you to pay directly when buying. Make sure you review the rules of your chosen platform. With BTCX, the payment is made at the time of purchase.

3. Buy cryptocurrency

Choose your desired cryptocurrency and follow the platform's instructions to complete the purchase.

4. Store securely

Use a hardware wallet or a digital wallet. You can read more about wallets here: What is a bitcoin wallet?

Ready to buy your first cryptocurrency? Start here with BTCX!

Tips for long-term crypto investment

  • Do your research. Always build your own understanding of a cryptocurrency before investing.
  • Start with established currencies. Popular cryptocurrencies like Bitcoin and Ethereum are often perceived as safer starting points.
  • Stay informed. Follow crypto market news and trends.
  • Use secure platforms. Choose platforms that are registered with Sweden’s Financial Supervisory Authority. You can search registered companies here.

Frequently asked questions about investing in cryptocurrency

Is it worth investing in cryptocurrency?
For some investors, cryptocurrency can be a valuable complement to a diversified portfolio. However, it's important to understand that it is a volatile asset, and you should only invest money you can afford to lose.
Which cryptocurrency should I buy?
That depends on your goals. Many people start with Bitcoin or Ethereum, as they are well-established and highly liquid. You can also explore other projects, just make sure to do your own research first.
Which crypto should I buy in 2025?
Popular choices for 2025 include Bitcoin, Ethereum, Solana, and some stablecoins depending on your purpose. There's no guarantee of return, so investigate the use case, issuer, and technology behind each currency.
How do I buy crypto in Sweden?
You can buy crypto in Sweden via regulated platforms like BTCX. This means verifying your identity using BankID, selecting a cryptocurrency, paying by card or bank transfer, and receiving your assets directly into your wallet.
Is BTCX a safe choice for buying crypto in Sweden?
Yes, BTCX is Sweden’s oldest bitcoin exchange and complies with Swedish regulations. The platform is registered with the Swedish Financial Supervisory Authority and maintains high user security.

Explore bitcoin and start secure crypto trading with BTCX.

Disclaimer: This content is for general informational purposes only and does not constitute financial advice. You should always make your own assessment or consult a financial advisor before making investment decisions.