https://ift.tt/Ip9yWzV To Buy Bitcoin in Norway?

How To Buy Bitcoin in Norway?

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Easiest and cheapest ways to buy crypto in Norway

Getting bitcoins in Pakistan is not an easy task as not all popular crypto exchanges are available to Norwegian citizens. This is a current list of bitcoin exchanges that allow users from Norway to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Trusted & high liquidity

Bitstamp

Bitstamp

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP

Established in 2011 and with HQ in London, Bitstamp is one of the oldest European-based cryptocurrency exchange platforms. With more than a decade of experience, Bitstamp has amassed a pretty decent following. Users can trade crypto via the online trading platform, active trading platform, or mobile app that supports both Android and iOS devices.

More info +

Ever since it was launched, Bitstamp’s main focus has been the trading platform on which you can trade Bitcoin and over 50 more cryptocurrencies. Bitstamp’s motto is “quality over quantity.” This means that even though there is a limited number of cryptos you can trade, the services on the platform work extremely well.

⚡ Deposit fees:
0 – 5 %
⚡ Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
⚡ Trading fees:
0 – 0.5 %
⚡ Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
⚡ Supported fiat:
USD, EUR, GBP

  24/7 Phone Customer Support
  Low fees
  The mobile app is highly rated
Security on a high level

A small selection of cryptos is available
Just 2 cryptocurrencies are available for staking
Limited educational content for beginner traders

Regulated & high liquidity

How To Buy Bitcoin in Norway?

Safello

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Safello is a Swedish cryptocurrency exchange that offers simple buying and selling of Bitcoin for fiat currencies.

More info +

Safello’s services are available in 32 European countries – both EU member states and countries outside the union. Safello is completely compliant with EU and Swedish law to ensure reliable service customers. Safello does not charge commission. Instead, it uses a “spread model”, meaning all fees (banking, forex fees, etc.) and commissions are included in the buying and selling price.

⚡ Deposit fees:
Depending on the membership
⚡ Withdrawal fees:
0.00021 BTC
⚡ Trading fees:
2.5%
⚡ Payment Methods:
Credit Card, Debit Card, Bank Transfer, Bank Transfer (SEPA), Swish Handelsbanken Direkt, Bankgirot iDEAL
⚡ Supported fiat:
SEK, NOK, DKK, GBP, CZK, CHF, HUF, EUR

  Helpful Interface
  Regulated exchange
  No hidden fees
Allows fiat currency trading.

Requires KYC verification
It supports only Bitcoin

Regulated & high liquidity

uphold exchanges

Uphold

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more

One of the crypto exchanges that has been around since 2015 is Uphold. Its headquarters is in NY, the US. Uphold is in fact a multi-functional exchange of different assets, with not only just buying and selling cryptocurrencies.

More info +

A beginner-friendly interface is the first thing you will notice about Uphold. The main advantage of the platform is trading directly between asset classes with fixed payments, offering a future where all users have access to financial services – all thanks to the unique “Anything-to-Anything” trading service.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Free
⚡ Trading fees:
Based on spreads
⚡ Service fees:
1% – 3%
⚡ Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
⚡ Supported fiat:
USD, GBP, EUR, and 15+ more

  Low fees when compared to top exchanges
  It is regulated by the US laws
  A beginner-friendly interface
Unique “Anything-to-anything” trading service
Low fees

A less organized educational section
Customer support can be better
Various trading limitations

Regulated & high liquidity

How To Buy Bitcoin in Norway?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

If you would like to talk about one of the oldest exchanges in the crypto world then Coinmama is for sure the one. The exchange was launched in 2013 by Laurence Newman, Nimrod Gruber, and Ilan Schuster. Slovakia is the country where you will find Coinmama’s headquarters.

More info +

Coinmama has over 2 million users and is operating in more than 150 countries. The company has over 40 employees. It offers a user-friendly and simple interface which makes it suitable for complete beginners.

⚡ Deposit fees:
0 – 5 %
⚡ Withdrawal fees:
None
⚡ Trading fees:
2.9 – 3.9 %
⚡ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚡ Supported fiat:
USD, EUR, GBP, CAD, AUD

  Beginner-friendly interface
  Available almost worldwide
  Various ways to deposit
Simple to use
No withdrawal fee

No mobile app and no staking
No phone number for customer support

Best Bitcoin Wallets in Norway

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


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Bottom Line

Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Established & high liquidity

paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more

Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.

More info +

Being one of the longest-lasting P2P Bitcoin exchanges, Paxful offers its users a straightforward and easy-to-use platform where they can buy, sell and trade supported crypto fast. When it comes to supported cryptocurrencies, Paxful supports only 3: Bitcoin, Ethereum, and Tether USD. However, the volume of Bitcoin trading is very high. On the other hand, Paxful supports a stunning amount of fiat currencies, more than 140 different ones.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
0.5% – 5%
⚡ Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
⚡ Payment Methods:
Over 350 payment methods are available
⚡ Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more

  Safe Escrow trading
  Various payment methods
Responsive support forum
Support for a large number of fiat currencies

A bit higher fees
A lot of scammers

Established & high liquidity

Localbitcoins

LocalBitcoins

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

LocalBitcoins is one of the largest peer-to-peer service platforms on the crypto market. It was launched in 2012 in Finland and was founded by Nikolaus Kangas. Since then, LocalBitcoins has achieved enormous growth, which led to it becoming the leading marketplace for Bitcoin exchange services. The only currency LocalBitcoins supports is Bitcoin.

More info +

The feature that makes LocalBitcoins unique is the direct contact between users. Most exchanges match sellers and buyers manually without the possibility of communicating directly. Users from all around the world can meet and trade Bitcoins through a fairly simple process. This is why LocalBitcoins is considered to be the “Craigslist” of Bitcoin. The platform is accessible worldwide, precisely in 248 countries.

However, services of LocalBitcoins aren’t available in Washington and New York. Features such as futures trading, derivatives, margin trading, short selling, or any other option aren’t supported. This is because LocalBitcoins doesn’t work as a traditional trading platform.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Free
⚡ Trading fees:
1%
⚡ Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc.
⚡ Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)

  Simple to use
  Plenty of payment options
  Available worldwide
Swift transactions

Higher exchange rates
Cash trades aren’t supported

Regulated & high liquidity

How To Buy Bitcoin in Norway?

Luno

👛 Ease of Use – Medium
👛 Fees – Average
👛 Verification – 2-3 days
👛 Reputation – Trusted
👛 Supported fiat – EUR, IDR, MYR, NGN, ZAR, ZMW, USD

Previously known as BitX, Luno was founded in 2013 in South Africa. 

More info +

Luno serves upcoming markets that lack local cryptocurrency exchanges and as such has a strong presence in presence in South Africa, Singapore, Nigeria, Malaysia, and Indonesia.

⚡ Deposit fees:
Fees vary by currency
⚡ Withdrawal fees:
Fees vary by payment method
⚡ Trading fees:
0.20%
⚡ Payment Methods:
Bank Transfer (SEPA), Credit Card, Debit Card, Cash Electronic Funds Transfer, Interbank GIRO, Interbank Funds Transfer
⚡ Supported fiat:
EUR, IDR, MYR, NGN, ZAR, ZMW, USD

  Beginner-friendly crypto trading
  Offers interest on crypto savings
  Secure storage

Not available for U.S. customers
Small selection of cryptocurrencies

Regulated & high liquidity

How To Buy Bitcoin in Norway?

Crypto.com

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more

Crypto.com was founded in 2016 with the sole aim of making cryptocurrencies more accessible for everyday use in the financial world. 

More info +

Currently, Coinmama is available in more than 150 countries around the world, and it has over 1.5 million users. It prides itself as a one-stop shop where crypto enthusiasts can buy, sell, transfer, spend, earn, and track cryptocurrencies.

It was known initially as Monaco Technologies but swapped to Crypto.com in July 2018. It wasn’t long for it to show that it meant business as it raised $26.7M in a token sale in June 2017 after being accepted into Supercharger, a leading FinTech accelerator. With a built-in exchange, an intuitive mobile app, prepaid VISA cards, and an increasing number of supported cryptocurrencies Crypto.com has established itself as a popular name in the cryptocurrency world.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from coin to coin
⚡ Trading fees:
0.04% – 0.2 %
⚡ Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA
⚡ Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more

  It accepts both fiat and cryptocurrencies
  Mobile App (iOS and Android)
  It provides other financial services like crypto loans, crypto staking, DeFi, etc., depending on your country
It offers tax support

The customer support could do better
Fiat withdrawals take too long
You need to have 50,000,000 CRO (its native token) to benefit from its highest fee discount

Frequently asked questions about buying Bitcoin in Norway

Is Coinbase legal in Norwayâť“

Yes, it is.

Is Binance accepted in Norwayâť“

Binance, the world’s largest crypto exchange, has discontinued trading pairs and payment options in Norwegian krone with immediate effect. Binance also announced Friday an end to Norwegian language support. The move extends Binance’s updates and product-offering changes to more proactively tackle regulatory challenges.

Is Bitcoin mining legal in Norwayâť“

There are no restrictions or bans on the mining of cryptocurrencies, although there have been political and legislative discussions on whether data farms and other facilities mining Bitcoin and other cryptocurrencies should pay full electrical fees.

How can I get Ethereum in Norwayâť“

To buy ETH, you’ll first need to deposit USD or another supported fiat currency into your exchange fiat currency account or link your credit card to the account. If your exchange supports Ether (ETH) you’ll be able to buy ETH directly with your bank card, depending on local regulations.

Does Kraken support Norwayâť“

Yes, Kraken is available in Norway.

Is there any Bitcoin machine in Norwayâť“

Unfortunately, there is no bitcoin ATM we know of in Norway. 

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