Best Crypto Brokers in Denmark for 2024

Written by Naylyan Nazifova

Naylyan Nazifova

Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 

, | Updated: August 26, 2024

To help Danish traders discover the best trading platforms for their investor needs, we have compiled a list of top brokers and exchange platforms that offer the best crypto trading conditions. Tight spreads, low trading fees, and a huge diversity of tradable instruments are just a few of the features you can discover at the trading platforms we have reviewed below.

1Fusion Markets

Rating: 4.9 ⭐

74-89% of retail CFD accounts lose money

Top Rated

2FP Markets

Rating: 4.8 ⭐

73.85% of retail investor accounts lose money

3IC Markets

Rating: 4.7 ⭐

70.64% of retail investor accounts lose money

4Global Prime

Rating: 4.4 ⭐

74-89% of retail CFD accounts lose money

5Pepperstone

Rating: 4.4 ⭐

75.5% of retail investor accounts lose money

6eToro

Rating: 4.2 ⭐

51% of retail investor accounts lose money

7CMC Markets

Rating: 4.1 ⭐

71% of retail investor accounts lose money

8Admirals

Rating: 3.8 ⭐

73% of retail investor accounts lose money

9IG

Rating: 3.6 ⭐

70% of retail client accounts lose money

10Tickmill

Rating: 3.0 ⭐

70% of retail investor accounts lose money

Denmark Crypto Brokers Ranked by Trustpilot Score

Denmark Crypto Brokers Spreads

Top 10 Crypto Brokers in Denmark

1. TRADE NOW READ REVIEW
   1. FP Markets

   Minimum Deposit	€50 (€100 for bank transfers)
   Regulation	CySEC, ASIC, FSCA, FSA (Seychelles)
   Tradable Coins	12 (ETH, BCH, BTC, EOS, DOT, and more)
   Software	MT4, MT5, TradingView, cTrader
   Crypto Leverage	2:1 for retail and professional accounts
   Fees	Spreads: 18.85 for BTC/USD, 4.5 for ETH/USD, 0.0027 for ADA/USD, 0.0008 for LTC/USD Swap fees: -40 (long), -5 (short) for BTC/USD; -30 (long), -10 (short) for ETH/USD
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Bank Transfer, PayPal, Skrill, Neteller
   Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Neteller, Bank Transfer

   As a well-experienced and properly regulated broker, FP Markets knows how to offer some of the best trading conditions. Danish traders are able to diversify their portfolios by trading various instruments that fall under several categories. Crypto CFDs are also among the products available to FP Markets customers, allowing them to take both long and short positions on a wide range of crypto assets.

   To offer traders the most cost-efficient trading conditions, FP Markets provides some of the tightest spreads on various cryptocurrencies. The broker also charges zero fees on crypto trades, further reducing the trading cost for Danish crypto investors.

   Conveniently enough, Danish traders will be able to resort to several convenient payment methods, with no fees applied on deposits via any of the supported methods. Meanwhile, those who decide to cash out their funds via Skrill and Neteller will be inclined to pay a small transaction fee.

   Key Pros

   • Licensed by top-tier regulators
   • Supports several convenient payment solutions
   • Offers various customer support channels
   • Offers several popular trading platforms
   • Does not charge commission on crypto trades

   Key Cons

   • Does not support DKK as a deposit currency
   • Withdrawals via Skrill and Neteller incur fees
   • Website cannot be loaded in Danish
   10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money
2. TRADE NOW READ REVIEW
   2. IC Markets

   Minimum Deposit	€200
   Regulation	CySEC, FSA, ASIC
   Tradable Coins	20+
   Software	MT4, MT5, cTrader, TradingView
   Crypto Leverage	200:1 (MT4/5), 5:1 (cTrader, TradingView)
   Fees	BTC/USD – 2.210 pips min spread; No commission fees on crypto CFDs
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, PayPal, Neteller, Skrill, Rapid Transfer, Klarna, Wire Transfers
   Withdrawal Methods	Visa, Mastercard, PayPal, Neteller, Skrill, Wire Transfers

   IC Markets allows its customers to explore a wide range of markets, including cryptocurrencies. The broker enables speculating on the price movements of popular crypto coins, with traders being able to take long and short positions on crypto CFDs. Since this form of trading does not grant any ownership over crypto assets, traders do not need a digital wallet to profit from crypto trading.

   Since most traders are looking for low trading fees, IC Market has made sure that its clients will have access to some of the tightest spreads on various crypto crosses. What is more, as there is no commission applied to one’s crypto orders, traders can further reduce the overall trading cost at IC Markets.

   The crypto market will be available 24/7, with both retail and professional traders offered the option to use leverage when trading crypto. Due to regulatory requirements that apply to EU traders, the maximum allowed leverage for retail Danish crypto traders is 2:1.

   Key Pros

   • Crypto market available 24/7
   • Danish traders can open both long and short positions
   • Offers great live support channels
   • Spreads on major crypto crosses are very tight
   • Crypto traders pay no commission on their trades

   Key Cons

   • Phone support available through callbacks
   • Broker’s website not available in Danish
   • IC Account cannot be set in DKK
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3. TRADE NOW READ REVIEW
   3. Fusion Markets

   Minimum Deposit	€0
   Regulation	ASIC, VFSC, SFSA
   Tradable Coins	13
   Software	MT4, MT5, TradingView, cTrader, DupliTrade, Fusion+, MAM/PAM
   Crypto Leverage	2:1 (Retail)
   Fees	BTC/USD – 10.63 min spread; Bitcoin trading fee – 0.06%; no commission fees on crypto CFDs
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Jeton, Perfect Money, Bank Transfer
   Withdrawal Methods	Jeton, Perfect Money, Bank Transfer

   Danish traders may also join Fusion Markets if they are interested in exploring a wide range of trading markets. In its vast selection of CFD instruments, the broker has included several popular cryptocurrencies, allowing traders to take long or short positions on the price of crypto crosses.

   To help any trading enthusiast enjoy smooth crypto investing, Fusion Markets offers access to popular third-party trading platforms like MT4, MT5, and TradingView. That allows Danish traders to take advantage of advanced charting tools, analysis, and market indicators that can help investors spot trends in the crypto market.

   Regarding the cost of trading, Fusion Markets strives to offer its clients some of the tightest spreads, with the spread on major crypto crosses like BTC/USD and ETH/USD starting at 10.63 pips and 2.59 pips, respectively. Since no commission is added to trades, crypto CFD trading at Fusion Markets allows Danish traders to reduce the trading costs they may be paying significantly.

   Key Pros

   • Spreads on various crypto assets are competitive
   • Charges zero commission on crypto trades
   • Supports various deposit method that incur no fees
   • Offers leverage to both retail and professional Danish crypto traders
   • Offers popular trading platforms for crypto trading

   Key Cons

   • Cannot deposit in DKK
   • Pro account holders from Denmark still have maximum leverage on crypto of 2:1
   • Danish traders can resort to fewer withdrawal methods
   Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
4. TRADE NOW READ REVIEW
   4. Global Prime

   Minimum Deposit	€0
   Regulation	ASIC, VFSC
   Tradable Coins	35+
   Software	MT4, MT5, TradingVIew, cTrader
   Crypto Leverage	5:1 (Pro Accounts only)
   Fees	Bitcoin Trading Fees – 0.1%, BTCUSD – 358.30 average spread, 0.1% commission
   Exchange/Wallet Service	No
   Deposit Methods	Visa, Mastercard, Crypto, PayPal, Neteller, Skrill, Bank Wire, Perfect Money, Jeton, MiFinity
   Withdrawal Methods	Visa, Mastercard, Crypto, PayPal, Neteller, Skrill, Bank Wire, Perfect Money, Jeton, MiFinity

   When comparing different broker platforms catering to Danish crypto traders, we have discovered that Global Prime offers some of the best trading conditions. In addition to Forex pairs, Global Prime also covers a wide range of CFDs across different markets, including cryptocurrencies. Since CFDs allow you to go either long or short on the price of a crypto asset without actually gaining ownership over the said asset, you can trade crypto without the need for a digital wallet.

   Global Prime allows its clients to speculate on the price of more than 30 cryptocurrencies, with a small trading fee attached to orders. If you compare the insignificant 0.1% fee with the maker/taker fees levied on trades at most big exchange platforms, you will notice that Global Prime offers very competitive trading conditions to its crypto customers. Spreads are also tight, further reducing the price of trading.

   Leverage is also available to crypto traders at Global Prime. However, this option is available only to Danish clients who qualify as professional traders, allowing them to apply leverage of up to 5:1 on their crypto CFD trades.

   Key Pros

   • No account minimum requirement
   • Trading fees compete well with popular exchanges
   • Danish traders can resort to various payment methods
   • Deposits do not incur any fees
   • Spreads on crypto assets are rather competitive

   Key Cons

   • Leverage on crypto CFDs available only to Pro Danish clients
   • Charges commission on crypto trades
   • Does not support deposits in DKK
   Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017.
5. TRADE NOW READ REVIEW
   5. Pepperstone

   Minimum Deposit	€0
   Regulation	ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin
   Tradable Coins	21 (BTC, ETH, LTC, UNI, BNB, XLM, XRP, ADA, and more)
   Software	MT4, MT5, cTrader, TradingView
   Crypto Leverage	2:1 (Retail)
   Fees	Spread: 17 pips for BTC/USD, 2.5 pips for LTC/USD, and 45 pips for the Crypto10 Index
   Exchange/Wallet Service	No
   Deposit Methods	BPAY, Visa, Mastercard, PayPal, Bank Transfer, Skrill, Neteller
   Withdrawal Methods	Visa, Mastercard, Neteller, PayPal, Bank Transfer, Skrill, BPAY

   Crypto traders based in Denmark can also join Pepperstone and speculate on the price of various crypto assets. The broker offers trading popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin against popular fiat currencies like USD, EUR, AUD, and GBP. In addition, altcoins like Dogecoin, Cardano, Ripple, and more can also be traded as crypto crosses at Pepperstone.

   The broker shows its crypto clients special attention by further expanding the CFD options they can trade. Pepperstone members have the opportunity to trade multiple cryptocurrencies at once by trading crypto indices like Crypto 10, Crypto 20, and Crypto30.

   You can rely on Pepperstone when it comes to offering some of the tightest spreads on various crypto crosses. In addition, the broker does not imply a commission on your crypto CFD orders, offering you the chance to enjoy some of the lowest trading costs online.

   Key Pros

   • Danish traders can take long and short positions on crypto CFDs
   • Traders can resort to various payment methods
   • Offers major and minor cryptocurrencies as well as crypto indices
   • Spreads are rather competitive
   • Does not apply commission to crypto CFD trades

   Key Cons

   • Cannot set up account in DKK
   • Support not available in Danish
   • Razor account benefits do not apply to crypto trades
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
6. TRADE NOW READ REVIEW
   6. eToro

   Minimum Deposit	€/$100 for first-time deposits; €/$50 for subsequent deposits
   Regulation	ASIC, FCA, DFSA, AMF, CySEC, SEC, FSRA, GFSC, MFSA, FSA (Seychelles), DNB
   Tradable Coins	Bitcoin, Ethererum, Bitcoin Cash, XRP, Dash, Litecoin, Ethereum Classic, API3, Cronos, Skale Network, IoTex, Immutable X, Cardano, IOTA, Stellar, EOS, NEO, TRON, ZCash, Build Tezos, Polkadot, Maker, Compound, Chainlink, Uniswap, Yearn. finance, Dogecoin, Aave, Filecoin, Algorand, Cosmos, Decentraland, ApeCoin, Loopring, Enjin, Biconomy, Basic Attention Token, Bancor, Origin Protocol, Polygon, Flare, Gala V2, My Neighbor Alice, Chiliz, Hedera Hashgraph, dYdX, Solana, Theta
   Software	OpenBook (social trading platform), WebTrader (proprietary platform)
   Crypto Leverage	2:1 (Retail)
   Fees	Free (performance fees may apply)
   Exchange/Wallet Service	Yes
   Deposit Methods	Visa, Mastercard, PayPal, Skrill, Neteller, Bank Transfer
   Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Neteller, Bank Transfer

   Danish crypto investors have the chance to enjoy a unique trading experience if they decide to join eToro. While the broker offers standard CFD crypto trading to its members, it has also launched its very own exchange platform that allows traders to buy, sell, and exchange more than 100 cryptocurrencies.

   Regarding spot trading, eToro will charge a flat 1% fee on their buy and sell orders. Meanwhile, those who decide to trade crypto assets as CFDs will be charged a spread fee of 1%. If Danish crypto traders decide to engage in spot trading with eToro’s exchange platform, they will be able to keep their crypto funds in the eToro Money Wallet. That is a custodial wallet allowing eToro clients to keep their crypto coins without resorting to an external digital wallet.

   You can load the eToro trading lobby in Danish, which offers traders from Denmark a personalized and smoother trading experience. With negative balance protection and other investor protection tools available to retail traders, eToro ensures Danish crypto traders can minimize the risk and enjoy their time with the broker.

   Key Pros

   • Has a dedicated exchange platform
   • Danish traders can keep crypto coins in the eToro Money Wallet
   • Offers more than 100 cryptocurrencies to trade
   • eToro’s lobby can be loaded in Danish
   • Allows both CFD and spot crypto trading

   Key Cons

   • Trading fees tend to be higher than competitors’ fees
   • One cannot make deposits in DKK
   • Danish traders are not eligible for an eToro Card
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
7. TRADE NOW READ REVIEW
   7. CMC Markets

   Min Deposit	$/€100
   Regulations	FCA, BaFin, ASIC
   Tradable Coins	12 (MT4), 20 (CFD and Corporate Accounts)
   Software	MT4, Web Trading Platform, Trading App
   Crypto Leverage	2:1 (Retail)
   Fees	BTC/USD spread – 75, ETH/USD spread – 5.25, LTC/USD spread – 50
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Bank Transfers
   Withdrawal Methods	Visa, Mastercard, Bank Transfers

   CMC Markets is a reputable broker catering to the needs of a wide range of investors, including Danish crypto traders. Offering its EU customers a wide range of CFD instruments, CMC Markets has also added several major and minor cryptocurrencies to its list of tradable instruments. To further expand the list of tradable options for crypto traders, CMC Markets has also added several crypto indices that allow speculating on the cumulative price of multiple crypto assets. These indices include All Crypto, Major Crypto, and Emerging Crypto.

   The fee structure introduced by CMC Markets allows crypto traders to enjoy competitive trading costs, with zero commission attached to one’s crypto trades. Meanwhile, spreads are extremely low, with popular crypto crosses like BTC/USD and ETH/USD providing average spreads of 75 and 5.25, respectively.

   Members of the broker will have access to convenient platform solutions, allowing smooth trading on your computer or mobile device. It should be noted that different account types offer ranging trading conditions and those who opt for an MT4 account will be able to trade 12 cryptocurrencies. Meanwhile, clients with CFD accounts as well as Corporate trading accounts will have access to 20 tradable crypto coins.

   Key Pros

   • Licensed by a reputable EU regulator
   • Offers popular third-party trading platforms
   • Supports fee-free payment methods
   • Spreads are competitively low
   • Does not charge a commission on crypto trades

   Key Cons

   • MT4 account supporters fewer cryptocurrencies
   • Website cannot be loaded in Danish
   • Cannot make deposits in DKK
   Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
8. TRADE NOW READ REVIEW
   8. IG

   Min Deposit	€50 – card payments No minimum for bank transfers
   Regulations	FCA, BaFin, DFSA, FSCA, MAS, ASIC
   Tradable Coins	11 major cryptocurrencies, two crypto crosses, and a crypto index
   Software	MetaTrader 4, ProRealTime, L2 Dealer
   Crypto Leverage	10:1 for professional traders
   Fees	BTC min spreads – 38
   Exchange/Wallet	N/A
   Deposit Methods	Visa, Mastercard, PayPal, Bank Transfer
   Withdrawal Methods	Visa, Mastercard, PayPal, Bank Transfer

   We believe that Danish crypto investors who decide to join IG will enjoy some of the best trading conditions they can find online. This is a global brokerage company that caters to traders across the globe, bringing a wide range of tradable instruments that could diversify anyone’s portfolio. Cryptocurrencies represent one of the trading categories covered by IG, offering members of the brokerage CFDs on several popular crypto coins.

   The great thing about trading crypto assets on IG’s platforms is having the ability to choose between two forms of CFD crypto trading. If you want to speculate on the price movements of Bitcoin and Ether, you can use IG’s Turbo24, which allows traders to set up a know-out level that can reduce the risk level, ensuring losses cannot exceed the initial investment in the trade. The rest of the available cryptocurrencies can be traded on the regular CFD platform of IG.

   The broker does not require paying a commission whenever you go long or short on crypto CFDs. Instead, there is a small fee built into the spread that is applied to every crypto cross. Danish traders are allowed to use leverage when trading crypto assets, with the maximum ratio for retail crypto investors being 2:1.

   Key Pros

   • Offers two different ways to trade crypto CFDs
   • Turbo24 enables managing risk levels
   • Danish traders can fund their accounts without paying additional fees
   • Spreads on various crypto assets are very tights
   • Allows the use of leverage even to retail customers

   Key Cons

   • Turbo24 supports only BTC and ETH trading
   • Support available only 5 days a week
   • Cannot deposit in DKK
   CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
9. TRADE NOW READ REVIEW
   9. Admirals

   Min Deposit	€100 (€1 for Invest MT5 accounts)
   Regulations	ASIC, CySEC, FCA, CIRO, FSCA, JSC (Jordan), CMA (Kenya), FSA (Seychelles), EFSA (Estonia)
   Tradable Coins	27
   Software	MT4, MT5, WebTrader, Admirals App, Admirals Platform
   Crypto Leverage	2:1 (Retail)
   Fees	Spread on BTC/USD 0.3%, spread on ETH/USD 1%; Commission of 1% on crypto exchanges on the Admirals Wallet
   Exchange/Wallet	Admirals Wallet linked to crypto exchange
   Deposit Methods	Visa, Mastercard, Skrill, Klarna, Bank Transfer
   Withdrawal Methods	Visa, Mastercard, Skrill, Bank Transfer

   Yet another crypto broker that offers great conditions for Danish traders is Admirals. The broker’s coverage area includes Forex instruments and CFDs on products that fall under various categories. For those interested in crypto investments, Admirals has also added a cryptocurrency category that offers CFDs on more than 20 crypto coins.

   Members of Admirals can profit from both market increases and declines as they can take long and short positions on crypto CFDs. Since you will not be gaining ownership over the underlying crypto asset you trade, you do not need a digital wallet when investing in cryptos with Admirals. Despite that, the broker offers a custodial wallet that can be used to store your tradable funds. What is more, the wallet can also be used for the custody of crypto assets since the Admirals Wallet is connected to a third-party exchange platform that allows traders to buy and sell crypto directly through their Admirals Wallets.

   Those who decide to trade crypto CFDs will enjoy competitively low trading costs, with spreads on major crypto crosses like BTC/USD and ETH/USD averaging around 0.3% and 1%, respectively. Meanwhile, there will be no commission applied to CFD crypto trades, reducing the overall cost of trading crypto with the broker.

   Key Pros

   • Covers a decent number of crypto assets
   • Danish traders can keep their crypto funds into the Admirals Wallet
   • Admirals Wallet is connected to an exchange, enabling spot trading
   • Charges no commission on crypto CFD orders
   • Deposit methods incur no fees

   Key Cons

   • Depositing in DKK is not supported
   • The Admirals Wallet does not support P2P crypto purchasing, selling or exchanging of crypto
   • Traders can enjoy only one fee-free withdrawal per month
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
10. TRADE NOW READ REVIEW
    10. Tickmill

    Min Deposit	€100
    Regulations	CySEC, BaFin, ACPR, CONSOB, CNVM, FCA, DFSA, LFSA, SFSA (Seychelles), FSCA
    Tradable Coins	9 (ADA, LTC, BTC, ETH, LINK, EOS, XRP, XLM, SOL)
    Software	MT4, MT5
    Crypto Leverage	2:1 (Retail)
    Fees	Spreads: 12 for BTC/USD, 1.01 for ETH/USD, 0.007 for ADA/USD, 0.15 for SOL/USD Annual Swap Charge: 10% per year on long cryptocurrency positions
    Exchange/Wallet	No
    Deposit Methods	Visa, Mastercard, PayPal, Neteller, Skrill, Trustly, Bank Transfers
    Withdrawal Methods	Visa, Mastercard, PayPal, Neteller, Skrill, Trustly, Bank Transfers

    Danish crypto investors who decide to join Tickmill are in for a treat as the broker makes sure it offers some of the best trading conditions to its customers. The CFD section of the broker allows traders to take long and short positions on major crypto assets, allowing investors to speculate on any price movement of popular cryptocurrencies. Since you do not gain ownership over the said assets, you can easily trade crypto without the need for an external digital wallet.

    When it comes to trading crypto CFDs, Tickmill has made sure that it offers its customers competitive prices, with spreads on BTC/USD and ETH/USD averaging around 24.9 pips and 2.06 pips, respectively. In addition to tight spreads, Tickmill has also adopted a zero-commission policy for crypto trading, allowing Danish traders to place crypto CFD orders without paying ridiculously high fees.

    The selection of educational tools on Tickmill’s website is rather impressive, offering beginners detailed guides to crypto trading and other trading forms offered by the broker. Crypto traders will be given the chance to use leverage that is capped at 2:1 for retail broker clients.

    Key Pros

    • Supports payment methods enabling DKK deposits
    • Payments do not incur fees
    • Offers a wide selection of educational tools
    • Supports popular third-party trading platforms
    • Offers competitive spreads on multiple crypto assets

    Key Cons

    • Broker’s website not available in Danish
    • DKK not among the supported account base currencies
    • Does not offer a dedicated wallet service
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top 3 Denmark Crypto Exchanges Trustpilot Score

Crypto Exchanges Trading Fees

Top 3 Crypto Exchanges in Denmark

Coinbase

Coinbase is a crypto exchange that has expanded its reach to offer crypto services to EU-based traders. Registered with the Danish FSA, the company follows strict guidelines to ensure safe and fair trading conditions for its Danish customers. With more than 260 cryptocurrencies listed on Coinbase’s exchange platform, Danish traders can easily buy, sell, and exchange their most preferred crypto assets.

Maker and taker fees charged on your orders are highly competitive, starting at 0.40%/0.60%, respectively. The great thing about being an active trader is having the opportunity to reduce maker and taker fees by accumulating a certain trading volume for a 30-day period. The higher the monthly volume, the lower the trading fees one can enjoy.

While Coinbase also offers derivative trading options like margin trading, futures, and perpetuals, these are exclusively available only in Kraken Pro, which is available to traders who qualify as professional traders.

Kraken

Yet another crypto exchange that caters to the preferences of Danish traders is Kraken, which has also obtained authorization to operate from the FSA in Denmark. With more than 270 cryptocurrencies available to trade on Kraken’s exchange platform, traders have the opportunity to invest in various digital assets. Conveniently, they can collect and keep their digital funds in the brand’s self-custody wallet.

Kraken boasts high liquidity which ensures fast execution of orders and more potentially profitable outcomes for more traders. No matter the type of order placed on the Kraken exchange, the trading fees that will be imposed are extremely low. Low maker and taker fees of 0.25% and 0.40%, respectively, are combined with some of the tightest spreads one can find online.

In addition to using fiat methods to purchase crypto coins, Kraken members can also use several convenient fiat solutions to deposit money into their trading accounts. Futures, staking, and other advanced trading solutions may also be accessed by Danish traders, however, they need to open a Kraken Pro account that offers a range of advanced trading instruments.

Gemini

Operating in various markets, including the EU, Gemini is another reputable exchange platform suitable for Danish crypto investors. The exchange allows its retail traders to buy, sell, and exchange more than 70 cryptocurrencies, with fast order executions offering the best trading conditions one could wish for.

Trading fees are another attractive feature of the crypto exchange, allowing both beginners and traders with higher trading volumes to enjoy low maker/taker fees. While regular traders will pay maker/taker fees of 0.20%/0.40%, those who trade more than US$50,000,000 per month reduce maker fees to 0.00%, while bigger volumes can even reduce taker fees to 0.03%.

Unfortunately, derivatives are not available to EU residents, including Danish traders. That said, members of Gemini can choose to gain extra profits through the staking of popular cryptos like Solana, Ethereum, and Polygon.

Legal Status of Cryptocurrency Trading in Denmark

To fully understand the legal status of crypto trading in Denmark, we should consider the main regulations that apply to all country members of the EU and several countries participating in the EEA. Currently, Denmark has taken a rather relaxed approach to the regulation of the crypto sector, relying mainly on laws applicable to the entire EU and EEA area. That is why, the majority of crypto trading in Denmark is possible across multiple brokers and exchange platforms authorized by different regulatory bodies across the EU area.

Unlike some of its fellow member states, Denmark still has not introduced a particular registration system for VASPs (Virtual Asset Service Providers) operating in the country. That is why the main laws that apply to entities that wish to offer crypto trading services in Denmark are the AML Law and FSA’s Guide to the Act on Measures to Prevent

Money Laundering and Financing of Terrorism.

Under the AML Law, VASPs are companies that provide services like:

• Exchange between digital assets and fiat currencies
• Exchange between two or more cryptocurrencies
• Custody of digital assets
• Issuing of virtual currencies
• Transfer of virtual currencies

The MiCA (Markets in Crypto-Assets) regulation introduced in 2023 is also one of the legal texts that determine the distribution of crypto assets and provision of services related to digital assets in EU and EEA countries. With the first set of MiCA measures already in effect since June 2024, there have been a few changes in the crypto trading sector in Denmark and the rest of the EU.

To be fully compliant with the upcoming MiCA restrictions, Binance, for example, has banned crypto trading for its EU clients. Some stablecoins have also been removed from its list of tradable instruments. While the full set of MiCA regulations is yet to come into force by the end of 2024/ the beginning of 2025, it is almost certain that any new requirements for EU VASPs will also apply to entities operating in Denmark.

What Forms of Crypto Trading Are Legal in Denmark

Danish crypto traders can pick from a couple of ways to trade digital assets, with these options being available either at EU-regulated brokers or exchanges that have been registered as VASPs. With a set of crypto regulations applicable to all trading platforms operating in the EU and EEA, Danish crypto traders may not have access to a few trading products that have been classified as high-risk.

If you join a broker catering to Danish investors, you will most likely be offered to trade CFDs on popular cryptocurrencies being traded against popular fiat currencies like USD and EUR. Since CFD trading allows speculating on the price movement of a crypto cross without gaining ownership over the underlying asset, CFD crypto trading does not fall under any of the service categories requiring a VASP registration. Instead, this form of trading is regulated by other laws handling trading financial services offered to EU customers.

A small number of brokers have launched dedicated exchange platforms that allow Danish traders to buy and sell crypto assets and store them in the brokers’ custodial wallets or any other crypto wallet of their choice. This form of crypto investing known as spot trading is most commonly offered by crypto exchanges that allow Danish traders to buy, sell, and store a wide range of cryptocurrencies.

Both brokers operating exchange platforms and crypto exchange companies must be registered as VASPs under the AML law in order to offer spot trading to traders based in Denmark and other countries in the EU and EEA regions.

Unfortunately, under the current regulatory framework across the EU and EEA, as well as the UK, crypto derivatives like futures and perpetual futures are not available to traders residing in Denmark or any other country in the EU and EEA regions. That said, there have been some movements toward expanding the selection of tradable options across Europe, with crypto exchanges applying for specific licenses that could allow them to provide crypto derivatives. That said, at the time of writing this article, the only form of crypto trading that EU-regulated exchanges can offer to Danish traders remains spot trading.

Who Regulates Crypto Trading in Denmark?

The main regulatory body responsible for monitoring and authorizing crypto service providers in Denmark is the Danish Financial Supervisory Authority (FSA). If a company intends to offer any of the services listed in Art. 1 (1) (cl. 22-26) of the AML Law, it needs to register as a VASP with the FSA. This registration is required only if the business does not hold any other form of FSA authorization related to another form of financial service regulation.

Before a company applies for a VASP registration with the FSA, beneficiaries of the company as well as employees in the management division of the entity must go through an evaluation process. This step requires providing criminal records of employees at key positions, with criminal records being issued no later than 6 months before their submission.

The VASP registration form that must be submitted to the FSA includes:

• Providing documents proving company details
• Personal data like CPR numbers, physical addresses, etc.
• If company members do not own CPR numbers and are not residents of Denmark, they need to provide a copy of their passports
• Criminal records of key employees and company beneficiaries

It should be noted that VASPs registered in other EU countries must also register with the Danish FSA to be authorized to operate in Denmark.

Common Costs Associated with Crypto Trading in Denmark

Danish crypto investors must keep in mind that crypto trading providers tend to impose certain charges for offering their services to investors. While brokers and exchanges tend to use different fee systems, placing orders with both types of trading service providers will incur some fees.

Typically, brokers offering CFD crypto trading will either charge a small trading fee or they will not impose any commission on your orders. In most cases, whatever small fee is charged, the broker has included it in the spread of the crypto cross being traded. When choosing a broker for your crypto CFD trades, it is important to compare spreads on various digital assets so you can pick the platform offering the most cost-effective trading.

Crypto exchanges also apply spreads whenever traders are buying or selling a cryptocurrency. In addition, depending on the type of order you place and its execution time, you may be charged a maker or taker fee. The rates of these fees vary across different exchanges, with the majority of exchange platforms allowing traders to reduce both maker and taker fees if their monthly trading volume exceeds a certain amount.

Whenever you are depositing or withdrawing money to your trading account, you may also be charged a fee. In most cases, brokers catering to Danish traders will give them access to a variety of payment options that do not impose fees. However, since most exchanges allow traders to purchase crypto through fiat options instantly, such transactions may often include some surcharges. The size of this type of fee, however, depends on the payment method you use, the volume of your crypto purchase, and a few market conditions.

Are Profits from Crypto Trading Taxed in Denmark?

Danish traders must be well aware of any applicable taxes they may be required to pay whenever they invest in crypto. When buying crypto assets, the method you use to purchase digital coins will dictate whether you will be asked to pay any taxes. Conveniently enough, crypto exchanges allow their clients to purchase crypto using fiat methods or a different cryptocurrency.

If you have paid for your crypto purchase using a fiat currency, your investment will not incur any taxes. HODLing cryptocurrencies in your virtual wallet is also a form of crypto investment that is exempted from taxes. However, exchanging one cryptocurrency with a different crypto asset will incur taxes on any profit generated from this type of investment. To calculate their gains, traders must subtract the cost basis of the crypto they have purchased from the fair market value of the same cryptocurrency on the day they have made the trade. If calculations reveal a profit, the amount is subject to an Income Tax.

If Danish investors are trading stablecoins, this type of investment is considered a financial contract, meaning the profit is subject to a Capital Gains Tax. If crypto traders based in Denmark decide to withdraw their crypto assets, the amount is also subject to an Income Tax.

In Denmark, income generated from cryptocurrencies or other assets is subject to the National income tax (State tax), Municipal tax, Labour market tax, and Church tax. If the income of a Danish resident is up to 552,000 DKK, the state tax will require paying the so-called bottom bracket tax of 12.10%. Meanwhile, if the income of a taxpayer exceeds that amount, they will pay the top bracket tax of 15%, calculated on the entire income above the said threshold.

The municipal tax varies depending on which part of Denmark you reside in. The average municipal tax rate for 2022 was estimated to be 24.982%. Meanwhile, Danish residents must pay a flat 8% labor market tax rate. Crypto investors will be required to pay a church tax on their income only if they are members of the Danish State Church. The rate of this tax is around 0.70%.

How to Pick Quality Crypto Brokers for Denmark?

Danish traders might need some guidance whenever they are choosing a broker platform to trade cryptocurrencies. We will provide several key points that highlight brokers offering the best conditions to Danish crypto investors. That way crypto enthusiasts can find the best broker for their investment endeavors.

We would like to start with the regulation factor that ensures traders will be investing their real money in a safe and fair trading environment. Since Denmark is a member of the EU, traders based in the country can join any broker licensed and regulated in any other country in the EU or the EEA regions. That said, we recommend always verifying the validity of these licenses by visiting the official website of the respective regulator and checking the official register of licensees.

Trading conditions like asset coverage, forms of trading, and fees are also important when choosing a crypto broker catering to Danish traders. Diversifying one’s portfolio is a great investing technique one can apply by trading different crypto assets. We suggest picking brokerages that have expanded their coverage by including a wide range of popular cryptocurrencies. Often, brokers may also allow crypto crosses with crypto coins traded against different fiat currencies.

While the majority of brokers offer Danish traders the chance to trade crypto only in the form of CFDs, there are a few broker companies that have launched exchange platforms enabling spot trading. This could be a great solution for investors who wish to use one account for different types of crypto trading.

Commissions, spreads, and other trading fees are also of great importance for any trader. Make sure to compare the overall trading cost on crypto trades across multiple brokers as that will allow you to pick the platform with the most budget-friendly conditions.

It is also important to know that you will be protected to a certain point as you make your trading decisions. Since Danish crypto traders, both retail and professional, are allowed to use leverage, this will increase the risk of losing bigger amounts in a short period of time. Luckily, most reputable brokers operating in the EU offer a set of investor protection measures like negative balance protection, compensation schemes, and more.

Written by N. Nazifova