| Updated: December 10, 2024To 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.
Fusion Markets74-89% of retail CFD accounts lose money
FP Markets73.85% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
IC Markets70.64% of retail investor accounts lose money
Global Prime74-89% of retail CFD accounts lose money
eToro51% of retail investor accounts lose money
CMC Markets71% of retail investor accounts lose money
Admirals73% of retail investor accounts lose money
IG70% of retail client accounts lose money
Tickmill70% of retail investor accounts lose moneyDenmark Crypto Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. Fusion Markets | 1,862 | 4.9 ⭐ |
| 2. FP Markets | 7,092 | 4.7 ⭐ |
| 3. Pepperstone | 2,789 | 4.6 ⭐ |
| 4. IC Markets | 39,709 | 4.5 ⭐ |
| 5. Global Prime | 161 | 4.5 ⭐ |
| 6. eToro | 25,095 | 4.2 ⭐ |
| 7. CMC Markets | 2,090 | 4.2 ⭐ |
| 8. Admirals | 1,851 | 3.9 ⭐ |
| 9. IG | 7,200 | 3.7 ⭐ |
| 10. Tickmill | 835 | 3.7 ⭐ |
Denmark Crypto Brokers Spreads
| Broker | BTCUSD | ETHUSD | SOLUSD | ADAUSD |
|---|---|---|---|---|
| 1. FP Markets | 1.27 | 2.7 | 0.2 | 0.0031 |
| 2. IC Markets | 8.71 | 4.56 | 0.10 | 0.001 |
| 3. Fusion Markets | 10.63 | 2.59 | 0.143 | 0.0 |
| 4. Global Prime | 64.3 | 6.61 | 0.35 | 0.29 |
| 5. Pepperstone | 13 | 3 | 2.3 | 4 |
| 6. eToro | 0.75% | 1% buy, 1% sell | 1% | 1% buy; 1% sell |
| 7. CMC Markets | 75 | 5.25 | 20 | 25 |
| 8. IG | 36 (min spread) | 1.2 (min spread) | 1.6 (min) | 1.4 (min) |
| 9. Admirals | 0.3% | 0.3% | 1.5% | 1.5% |
| 10. Tickmill | Minimum spread - 12 Typical spread - 24.9 | Minimum spread - 1.01 Typical spread - 2.06 | Minimum spread - 0.15 Typical spread - 0.15 | Minimum spread - 0.007 Typical spread - 0.02 |
Top 10 Crypto Brokers in Denmark
- 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 1:2 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/USDExchange/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
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.92% 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. - 2. IC Markets
Minimum Deposit €200 Regulation CySEC, FSA, ASIC Tradable Coins 20+ Software MT4, MT5, cTrader, TradingView Crypto Leverage 1:2 for retail traders, 1:5 for professional traders 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 1:2.
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. Minimum Deposit €0 Regulation ASIC, VFSC, SFSA Tradable Coins 13 Software MT4, MT5, TradingView, cTrader, DupliTrade, Fusion+, MAM/PAM Crypto Leverage 1:2 (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 1:2
- 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. Global Prime
Minimum Deposit €0 Regulation ASIC, VFSC Tradable Coins 35+ Software MT4, MT5, TradingVIew, cTrader Crypto Leverage 1:2 for retail traders, 1:5 Pro accounts 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, with retail customers being able to use leverage of up to 1:2 when trading crypto CFDs. Danish clients who qualify as professional traders can apply leverage of up to 1:5 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
- Offers limited selection of trading platforms
- 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. 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 1:2 (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 major 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. 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 1:2 (Retail), 1:10 (Pro) 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. 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 1:2 (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. IG
Min Deposit €50 – card payments
No minimum for bank transfersRegulations 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 1:2 for retail traders, 1:10 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 1:2.
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. 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 1:2 (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. 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 1:2 (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 positionsExchange/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 1:2 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
| Exchange | Maker/Taker Fees | Staking | Deposits Fees | Withdrawal Fees |
|---|---|---|---|---|
| 1. Coinbase | Taker fee between 0.05% and 0.60% depending on monthly traded volume; Maker fee between 0% and 0.40% depending on monthly traded volume |
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| 2. Kraken | Spots: from 0.25% / 0.40% to 0.00%/0.10% (depends on tier); Margin: 0.02% opening fee; Futures: from 0.0200% / 0.0500% to -0.0060%/0.01% (depends on tier) | Up to 10% annually (flexible staking) |
| CAD:
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| 3. Gemini |
|
| 3.49% Platform Fee + Trading Fees (Debit cards, ApplePay, GPay); 2.50% (PayPal) | $25 (SWIFT Wire Transfers) |
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.
| Coinbase Exchange Details | |
|---|---|
| Minimum Deposit | $10 |
| Regulation | DNB, BaFin, FCA, CFTC |
| Tradable Coins | 248 coins |
| Available Crypto Instruments | Spot Trading, Futures |
| Crypto Leverage | 1:10 |
| Maker/Taker Fees | Taker: between 0.05% and 0.60% / Maker: between 0.00% and 0.40% |
| Wallet Type | Yes |
| Deposit Methods | Interac, EFT bank transfer, 3D secure card, PayPal |
| Withdrawal Methods | Interac, EFT bank transfer, PayPal |
Key Pros
- Registered as VASP with the DFSA
- Traders can buy, sell, and exchange over 260 cryptocurrencies
- Instant buy possible through several fiat methods
- Offers competitive spreads on major cryptos
- Withdrawals possible via several convenient payment methods
Key Cons
- Futures, margin trading, and other derivatives available only to pro Danish traders
- Danish traders can deposit to their accounts only via SEPA
- Deposits via DKK not supported
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.
| Kraken Exchange Details | |
|---|---|
| Minimum Deposit | $4 |
| Regulation | Registered with FinCEN, Wyoming Division, FINTRAC, FCA, OAM, BoS, CBI, filed for registration in some Canadian jurisdictions |
| Tradable Coins | 50+ |
| Available Crypto Instruments | Spot trading, margin trading, futures, NFT trading |
| Crypto Leverage | 1:50 (1:5 for margin trading) |
| Maker/Taker Fees |
Spot: 0.25% / 0.40% Margin trading: 0.02% / 0.02% Futures: 0.0200% / 0.0500% Pegged stablecoins: 0.20% / 0.20% NFT purchase fees: 2% |
| Wallet Type | Yes |
| Deposit Methods | ACH (Plaid), FedWire, CBIT (Customers Bank Instant Token), SWIFT (Customers Bank, SWIFT (Etana Custody), SEPA, PayPal, Domestic Wire Transfer (Credit Union Atlantic), In-person Cash or Debit (Canada Post), Interac e-Transfer, Wire Transfer (InterFIN), Bank Transfer / Osko, Real Time Gross Settlement, FPS/BACS (ClearJunction), CHAPS (ClearJunction), SIC (Bank Frick) |
| Withdrawal Methods | ACH, FedWire, CBIT, SWIFT, SEPA, BLING, FPS, CHAPS, BLING, EFT, Interac e-Transfer, Wire Transfer, SIC, Bank Transfer, Osko |
Key Pros
- Charges competitively low maker/taker fees
- Traders can earn rewards for trading popular crypto coins
- Allows significant trading fee reduction for high-volume traders
- Supports various fiat methods for deposits
- Spreads are competitively low
Key Cons
- E-wallets are available only as deposit methods
- Derivatives, margin trading, and staking available only to Kraken Pro clients
- E-wallets not available for withdrawals
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.
| Gemini Exchange Details | |
|---|---|
| Minimum Deposit | No minimum |
| Regulation | NYDFS (New York), Other US states, HCMC, CBI, OAM, FCA |
| Tradable Coins | 70+ |
| Crypto Trading | Spot |
| Crypto Leverage | 1:20 (default) |
| Maker/Taker Fees |
0.20%/0.40% (Regular) 0.00%/ 0.03% (highest VIP tier) |
| Wallet Type | Cold wallet, Hot wallet |
| Deposit Methods | ACH Bank Transfer, Wire Transfer, Debit Cards (instant buy only), Apple Pay (instant buy only), GPay (instant buy only) |
| Withdrawal Methods | ACH Bank Transfer, Wire Transfer |
Key Pros
- Offers low trading fees
- Traders with higher monthly trading volume can reduce maker fees to 0%
- Supports various fiat methods for instant crypto purchases
- Bank Transfer withdrawals incur no fees
- Offers staking benefits on some cryptocurrencies
Key Cons
- E-wallet and debit cards available for instant crypto buy only
- Not all deposit methods will transfer fund to one’s account instantly
- Offers very few products for staking
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.
Denmark Crypto Brokers Q&A
While brokers offering crypto CFDs to Danish traders can operate with licenses issued by other reputable jurisdictions across the EU and EEA, exchange platforms must apply for a VASP registration with the Danish regulator (DFSA). Even if entities have been registered as VASPs with other EU regulators, they still need authorization from the DFSA if they wish to operate in Denmark as well.
Yes. Both retail and professional crypto traders based in Denmark are allowed to use leverage while trading crypto CFDs, with the maximum ratio available to retail customers being 1:2. Those who qualify as professional traders will be able to increase the maximum leverage while trading crypto assets.
Yes. While the availability of this tool should be verified before Danish traders pick a broker for their crypto trades, the majority of entities licensed to operate in the EU are required to ensure zero balance protection to their Danish customers. It should be noted, however, that this feature is available only to retail crypto traders.
Do Danish traders need to pay a tax on the crypto funds they have transferred to another crypto wallet?
As already mentioned, keeping crypto assets in your digital wallet is not considered income that is taxable. Transferring your crypto assets from one digital wallet to another will not require paying any taxes on the amount you have redirected to a different crypto wallet. In most cases, transactions between two digital wallets are even tax-free, allowing you to keep the entire amount you have redirected to another virtual wallet.
Trading crypto CFDs allows speculating on the price of a crypto asset without actually gaining any ownership over the said asset. That means Danish traders who place crypto CFD orders do not need digital wallets. Meanwhile, spot trading will actually allow traders to own any asset they purchase or trade. That said, the majority of crypto exchanges offer their own custodial wallets that allow traders to store their crypto funds without the need for an external digital wallet.