Best Crypto Brokers in Norway for 2024

Written by Zornitsa Stefanova

Zornitsa Stefanova

Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.

, | Updated: August 26, 2024

Norway is a crypto-friendly country with a relatively lenient approach toward cryptocurrency trading. According to a recent Norges Bank survey, approximately 11% of all Norwegians owned digital assets in February 2024, while another 1% dabbled into NFTs. High-volume coins like Ether, Solana, Cardano, Ripple, and Bitcoin enjoy the highest popularity in the Nordic country. Multiple crypto brokers and exchanges cater to Norwegians but some offer better trading conditions than others.

BestBrokers.com is well-placed to help Norwegian readers make the right pick. We conducted thorough research into dozens of trading platforms to compile a list of the best brokers and exchanges catering to crypto enthusiasts from Norway. Excellent execution, sharp spreads, and a rich blend of tradable markets are what you can expect from our top picks.

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

3easyMarkets

Rating: 4.4 ⭐

71% of retail investor accounts lose money

4Eightcap

Rating: 4.2 ⭐

76.09% of retail investor accounts lose money

5CMC Markets

Rating: 4.1 ⭐

71% of retail investor accounts lose money

6Plus500

Rating: 4.1 ⭐

80% of retail investor accounts lose money

7Admirals

Rating: 3.8 ⭐

73% of retail investor accounts lose money

8FxPro

Rating: 3.7 ⭐

74% 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

Top 10 Crypto Brokers in Norway Ranked by Trustpilot Score

Top 10 Crypto Brokers in Norway with Low Spreads

Top 10 Crypto Brokers in Norway

1. TRADE NOW READ REVIEW
   1. FP Markets

   Min. Deposit	€50 (€100 Bank Transfer)
   Regulations	ASIC, CySEC, FSCA, SFSA, Registered with St. Vincent & the Grenadines
   Tradable Coins	10+
   Software	MT4, MT5, TradingView, cTrader, WebTrader
   Crypto Leverage	50:1
   Fees	BTCUSD – 21.08 pips average spread
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Bank Transfer, Neteller, Skrill, Asia Banks Unique Banking Solutions, SticPay, FasaPay, Virtual Pay, Rupee Payments UPI, Rapyd, Perfect Money, Pagsmile, LetKnow Pay, DragonPay, Rapid Transfer, Crypto Payments, MyBux, XPay, Apple Pay, Google Pay, Bank Transfer, B2Binpay, Thunderxpay, Plusdebit (Online Banking, P2P, QR Code, MOMO QR Code), QEIS, Coinspaid, Broker to Broker
   Withdrawal Methods	Visa, Mastercard, Domestic Bank Wire (AUD), International Bank Wire, Neteller, Skrill, Fasapay, Dragonpay, Asia Banks Unique Banking Solutions, Perfect Money, LetKnow Pay, Finrax, Sticpay, Rupee Payments UPI, Rapid Transfer, Virtual Pay, xPay, Pagsmile, Mybux, Bank Transfer, Crypto, Local Bank Transfer (QR Code), Online Banking, PaymentsAsia QRIS and E-wallets

   FP Markets is our top pick of the bunch thanks to its solid product lineup, tight spreads, and immaculate regulatory background. The leading broker provides cross-border services with a CySEC license and is also featured in the Finanstilsynet register as an approved company. It complies with all regulatory requirements in the EEA, offering investor compensation and negative balance protection to all retail traders from Norway.

   Norwegian customers can dabble into crypto trading via low-cost CFDs, with leverage capped at 2:1. Crypto traders can have a pick from 12 popular crypto-fiat pairs, including high-volume options like ADA/USD, BTC/USD, SOL/USD, and ETH/USD. Average spreads for select pairs like RPL/USD are beyond competitive at 0.0008 only. Traders can anticipate no hidden fees as FP Markets has waived its commissions on all cryptocurrency positions.

   Live account holders can replenish their balance at no extra cost with cards, bank transfers, and popular digital wallets like Skrill and Neteller. Customers can deposit any amount they wish since FP Markets has no threshold for minimum deposits. The range of supported currencies bears improvement, however. The broker currently does not offer funding or trading accounts in Norwegian kroner.

   Key Pros

   • A nearly perfect consumer score on Trustpilot (4.8 / 5)
   • Approved by Finanstilsynet (ID: FT00118162)
   • Coverage of 12 popular cryptocurrencies
   • No dormancy fees for inactivity
   • Spreads from 0.00 for select crypto coins

   Key Cons

   • Norwegians cannot open live trading accounts in NOK
   • The website is unavailable in Norwegian
   • A limited range of educational resources for crypto traders
   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. TRADE NOW READ REVIEW
   2. Fusion Markets

   Min. Deposit	€50
   Regulations	ASIC, VFSC, SFSA
   Tradable Coins	13
   Software	MT4, MT5, TradingView, cTrader, DupliTrade, Fusion+, MAM/PAM
   Crypto Leverage	10:1
   Fees	BTC/USD – 10.63 min spread; Bitcoin trading fee – 0.06%; no commission fees on crypto CFDs
   Exchange/Wallet	No
   Deposit Methods	Debit Cards, Credit Cards, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Crypto
   Withdrawal Methods	Bank Wire, Debit Cards, Credit Cards, Skrill, Neteller

   Our second pick, Fusion Markets, offers favorable conditions for 13 popular cryptocurrencies tradable against the US dollar via contracts for difference. Customers pay no commissions when opening or closing crypto CFD positions, only covering the spreads built into the trades. Popular crypto-fiat pairs like MATIC/USD, EOS/USD, DOGE/USD, ADA/USD, and XLM/USD come with minimum spreads from zero pips.

   Crypto traders can go long or short to profit from the price action, whether the markets go up or down. Fusion Markets has no minimum deposit requirements, allowing onboarding clients to start with an amount corresponding to their individual budgets. With that said, most new traders at Fusion Markets fund their live accounts with at least $1,500. The broker facilitates crypto trading via four different platforms, MT5, MT4, cTrader, and TradingView, to be more specific.

   Fusion Markets welcomes crypto enthusiasts from most countries worldwide, including Norway, via licenses issued by the regulatory authorities of Vanuatu and the Seychelles. The broker has yet to obtain authorization from a prominent EEA regulator, an omission it would hopefully amend soon. On a more positive note, the VFSC and FSA entities offer higher crypto leverage of 10:1.

   Key Pros

   • Crypto leverage of up to 10:1 at VFSC and FSA entities
   • Spreads from 0.0 for ADA/USD, DOT/USD, LINK/USD, and more
   • A wide selection of platforms for crypto CFD trading
   • No commissions on crypto CFD positions
   • No deposit and withdrawal fees

   Key Cons

   • Norwegian is unavailable as a language option
   • Lacks authorization from Finanstilsynet or another EEA regulator
   • No negative balance protection for clients of the VFSC and FSA entities
   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.
3. TRADE NOW READ REVIEW
   3. Admirals

   Minimum Deposit	$100 ($1 for Invest MT5 accounts)
   Regulation	ASIC, CySEC, FCA, CIRO, FSCA, JSC (Jordan), CMA (Kenya), FSA (Seychelles), EFSA (Estonia)
   Tradable Coins	27
   Software	MT4, MT5, StereoTrader
   Crypto Leverage	5:1 (Retail)
   Fees	Spread: 0.3% for BTC/USD and ETH/USD 0.3% for BTC/USD, 0.60% for the Crypto 10 Index
   Exchange/Wallet Service	Admirals Wallet connects to Bitstamp
   Deposit Methods	Visa, Mastercard, Klarna, Bank Transfer, Skrill
   Withdrawal Methods	Visa, Mastercard, Bank Transfer, Skrill

   Market leader Admirals secured the third spot on our recommendations list with its attractive pricing and rich product suite comprising 27 popular crypto crosses. The multi-regulated broker offers competitive spreads with zero commissions for heavily traded crypto-fiat pairs like BTC/EUR, ETH/USD, and LTC/USD.

   Customers can gain exposure to the crypto markets through CFDs without actually purchasing any digital coins. Those qualifying for professional accounts can boost their BTC/USD positions with maximum leverage of 20:1. All customers based in the EEA are eligible for virtual or plastic Admirals-branded Visa cards, giving them instant access to the funds available in their live balance.

   Norwegian traders can better control their funds by setting up an Admirals Wallet available in 20 different currencies. The wallet enables users to instantly exchange currencies at no cost, invest in gold, and purchase actual crypto coins directly from the accredited exchange Bitstamp. Holding cryptocurrencies in your Admirals Wallet is also possible.

   Key Pros

   • Offers a wallet that connects to Bitstamp
   • An extensive library of crypto-related articles
   • Approved by Finanstilsynet (ID: FT00079497)
   • Crypto leverage of up to 20:1 for pro traders
   • Zero commissions on crypto trades

   Key Cons

   • Unavailable in Norwegian
   • Imposes a €10 inactivity fee on dormant accounts
   • NOK is unavailable as a base account currency
   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.
4. TRADE NOW READ REVIEW
   4. 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 caters to Norwegian crypto traders with NOK-based live accounts and a Norway-facing website available in their native language. The multi-regulated broker provides a choice from 19 crypto CFDs tradable against the US dollar with competitive spreads. Three crypto indices are available to Norwegian traders seeking portfolio diversification.

   The broker operates on the Norwegian market through passporting with a license granted by the German financial regulator BaFin. CMC Markets is also present in the Finanstilsynet database as an approved entity. Norwegian traders can add funds to their live accounts via Visa and Mastercard. Credit and debit cards connected to CMC Market accounts must have the 3D Secure function activated for payments to go through.

   The broker can accommodate all trading budgets as it has no minimum deposit requirements. Crypto traders can place orders via the broadly implemented MT4 platform or the broker’s proprietary web-based software Next Generation. The feature-rich proprietary platform supports over 115 technical indicators and enables users to create custom layouts for market analysis and overview.

   Key Pros

   • Order fill rates of up to 99.9%
   • Authorized by BaFin and Finanstilsynet (ID: FT00117632)
   • Provides customer service in Norwegian
   • Offers NOK-based accounts
   • A dedicated phone support line for Norwegians

   Key Cons

   • Norwegian support is available only on weekdays from 8 am to 5 pm
   • MT5 is unavailable at the moment
   • High spreads for crypto indices
   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.
5. TRADE NOW READ REVIEW
   5. FxPro

   Min. Deposit	$100
   Regulations	FCA, CySEC, FSCA, SCB, FSA
   Tradable Coins	29
   Software	MT4, MT5, cTrader, and FxPro Platform
   Crypto Leverage	2:1
   Fees	BTCUSD – 75.88 ETHUSD – 7.17
   Exchange/Wallet	n/a
   Deposit Methods	VISA, Maestro, Mastercard, Skrill, Neteller, Bank Transfers
   Withdrawal Methods	VISA, Maestro, Mastercard, Skrill, Neteller, Bank Transfers

   FxPro is a multi-award-winning company with over 20 years of market experience behind its back. The renowned brokerage has gained the trust of millions of customers worldwide and is known throughout the industry for its regulatory compliance and competitive pricing. FxPro provides cross-border trading services to Norwegian traders with a CySEC license. Additionally, the company is listed as an approved investment firm (ID: FT00083992) in Finanstilsynet’s database.

   FxPro has plenty to offer to crypto traders from Norway, starting with tight spreads for 29 crypto-fiat crosses. The broker’s crypto offering extends way beyond standard options like Bitcoin, Ethereum, and Cardano. Fledgling digital coins like SushiSwap, VeChain, and Theta have also secured a spot on the list of tradable cryptocurrencies at FxPro.

   The broker demonstrates a laudable commitment to customer education. Crypto enthusiasts can improve their chances of making successful trades by perusing detailed news pieces about the crypto markets. The broker runs a comprehensive Knowledge Hub where customers can learn all about the basics of trading, technical and fundamental analysis, and trader psychology.

   Key Pros

   • Low limits for stop loss orders (1 pip on MT4/MT5)
   • A wider range of tradable cryptocurrencies compared to some contenders
   • Regular crypto market news and analysis
   • Hosts a website in Norwegian
   • Flawless order execution with minimal slippage

   Key Cons

   • No deposits and withdrawals in NOK
   • Support is unavailable on weekends
   • Average consumer rating on Trustpilot (3.7 out of 5 stars)
   Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. IG

   Min. Deposit	2,500 NOK /td>
   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	1:2 for retail, 22:1 for professional accounts
   Fees	BTC min spreads – 38
   Exchange/Wallet	n/a
   Deposit Methods	Visa, Mastercard, Maestro, Bank Transfer, PayPal, BPay (Australia)
   Withdrawal Methods	Visa, Mastercard, Maestro, PayPal, Bank Transfer

   IG is a global leader in providing quality trading services whose product suite encompasses a whopping 17,000 financial instruments. This massive selection includes over a dozen digital coins tradable against each other or the US dollar. Customers can also diversify their portfolios with the Crypto10 Index. IG is one of the few online brokers to offer 24-hour turbo warrants for Bitcoin and Ethereum.

   Customers can open long or short crypto CFD positions for popular pairs like BCH/USD, BTC/USD, ETH/USD, and LTC/USD. Minimum spreads are competitive at IG, starting from 0.2 for Stellar and Neo. Risk-averse traders can take advantage of guaranteed stop losses but this comes at the expense of wider spreads. For instance, minimum spreads for BTC/USD widen from 36 to 50 pips with the guaranteed stop loss.

   IG caps retail leverage for Norway at the standard EEA ratio of 2:1. Norwegian clients eligible for switching to professional accounts can bolster their crypto positions with maximum leverage of 22:1. IG caters to clients from the Nordic country with a website available in their native language and accepts payments in Norwegian kroner, with minimum deposits starting from 2,500 NOK.

   Key Pros

   • Offers 24-hour turbo warrants for cryptocurrencies
   • Traders can load the website in Norwegian
   • Legitimate broker present in the Finanstilsynet register (ID: FT00112392)
   • Accepts payments in NOK
   • The IG mobile apps support 2FA and Touch ID

   Key Cons

   • Turbo warrants are available only for BTC and ETH
   • Slightly higher minimum deposits compared to some competitors
   • A limited range of deposit options for Norway
   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.
7. TRADE NOW READ REVIEW
   7. Plus500

   Minimum Deposit	€100 (1,000 NOK)
   Regulation	ASIC, FMA, CySEC, MAS, FCA, ISA, SFCA, FSA (Seychelles)
   Tradable Coins	20 crypto-fiat pairs, 1 crypto cross (BTC/ETH), 1 crypto index (Crypto10)
   Software	Proprietary
   Crypto Leverage	2:1
   Fees	Spread:0.3% for BTC/USD, 0.60% for the Crypto 10 Index
   Exchange/Wallet Service	No
   Deposit Methods	BPAY, Visa, Mastercard, Skrill, PayPal, Bank Transfer, Apple Pay
   Withdrawal Methods	Visa, Mastercard, PayPal, Skrill, Bank Transfer

   Plus500 consistently delivers low-cost trading with a broad range of over 2,800 tradable instruments, including around 20 crypto-fiat crosses. The broker’s legitimacy is undisputed as it falls under the regulatory gaze of respected financial regulators like CySEC, FCA, and EFSA. The company welcomes customers from over 50 jurisdictions and Norwegians are also welcome to join. Plus500 serves clients from the Nordic country with its Cyprus license.

   The website and the proprietary trading platform Plus500 runs on are both available in Norwegian. Unlike many competitors, the broker caters to crypto traders with guaranteed stop losses but using the feature typically widens the spreads. Customers additionally have access to advanced free-to-use order types like the trailing stop and the stop limit.

   Norwegian traders will benefit from a solid selection of digital coins, including emerging cryptocurrencies like EOS, VeChain, Axi Infinity, and Filecoin. The Crypto10 index is another option for Plus500 customers. The broker offers narrow spreads, with no commissions on crypto CFDs. Funding one’s live account is possible via several secure payment solutions, including bank transfers, credit, and debit cards.

   Key Pros

   • Supports the Norwegian language
   • Advanced crypto order types like Stop Loss and Trailing Stop
   • Stores client funds in segregated accounts
   • Leverage of up to 5:1 for professional crypto traders
   • Featured in the Finanstilsynet database as an approved broker (ID: FT00083355)

   Key Cons

   • Only proprietary software is available
   • Fewer educational materials compared to some rival brokers
   • Charges a monthly dormancy fee of €10 (100 NOK) after 3 months of inactivity
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
8. TRADE NOW READ REVIEW
   8. 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

   Tickmill emerges as a compelling alternative for Norwegian crypto traders insisting on tight spreads, commission-free trading, and reliable order execution. The renowned company has procured licenses from several accredited EEA-based financial regulators, including CONSOB (Italy), BaFin (Germany), and CNVM (Spain). It has secured a spot in the Finanstilsynet database (ID: FT00092767) as an approved company authorized to accept Norwegian customers through CySEC passporting.

   Tickmill offers a slightly underwhelming selection of 9 crypto-fiat crosses but makes up for this limited range of options with razor-sharp spreads. All crypto trades are commission-free and involve contracts for difference without ownership of the underlying assets. The broker provides leverage of 2:1 to retail traders. Customers qualifying for professional accounts are eligible for significantly higher leverage ratios.

   Onboarding clients can register Classic or Raw accounts, but neither supports NOK as a base currency. The available funding methods include Visa, Mastercard, Neteller, PayPal, and Skrill, among others, with minimum deposits starting from €100. We recommend Norwegian traders use Trustly for fee-free, efficient, and timely transactions.

   Key Pros

   • Provides multilingual customer support
   • Licensed by 6 tier-1 EU regulators
   • Average order execution speed of 0.20 seconds
   • Low minimum withdrawals (€25)
   • Norwegian traders can deposit with Trustly

   Key Cons

   • Unavailable in Norwegian
   • Does not offer NOK-based accounts
   • Bank transfer deposits under €5,000 may incur fees
   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.
9. TRADE NOW READ REVIEW
   9. Eightcap

   Min. Deposit	€100
   Regulations	CySEC, ASIC, FCA, Securities Commission of The Bahamas
   Tradable Coins	100+
   Software	TradingView, MT4, MT5, WebTrader
   Crypto Leverage	2:1
   Fees	BTCUSD – 170 pips (min)
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, PayPal, Wire Transfer, Skrill, Neteller, Crypto
   Withdrawal Methods	Visa, Mastercard, PayPal, Wire Transfer, Skrill, Neteller, Crypto

   Eightcap offers one of the most extensive selections of crypto derivatives in the market, providing customers with a choice of over 100 crypto CFDs. Crypto enthusiasts can keep their trading costs down as Eightcap offers razor-sharp spreads that are allegedly up to five times lower than those of the competition. The broker facilitates cryptocurrency trading via familiar third-party platforms like TradingView, MT5, and MT4.

   Clients can place crypto trades as small as one micro lot, while maximum contract size varies across different cryptocurrencies. Traders incur no additional commissions on their crypto trades – the broker uses the spreads to cover its costs. Apart from the three trading platforms mentioned above, Eightcap supports Capitalise.ai, an intuitive platform that enables users to create and backtest new strategies without using code.

   Eightcap provides a choice of secure, cost-efficient, and flexible payment solutions, including cards, bank transfers, and a range of e-wallets. Depositing and withdrawing with TRC20, ERC20, and BTC is also an option, albeit only for USD-denominated accounts. Live accounts are available in seven base currencies but NOK is not among them, unfortunately.

   Key Pros

   • Offers over 100 derivatives for cryptocurrencies
   • 10:1 crypto leverage for professional traders
   • Does not penalize customers for inactivity
   • An excellent user rating on Trustpilot
   • Offers code-free automated trading via Capitalise.ai

   Key Cons

   • Demo accounts expire after 30 days
   • Norwegian is absent from the list of supported language options
   • Base currencies are limited to EUR, GBP, USD, CAD, AUD, NZD, and SGD
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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. easyMarkets

    Minimum Deposit	$/€25 (roughly 250 NOK)
    Regulation	CySEC, ASIC, FSCA, FSC (British Virgin Islands), FSA (Seychelles)
    Tradable Coins	20 (ADA, XLM, SOL, BTC, ETH, OMG, ZEC, and more)
    Software	MT5, MT4, TradingView, Proprietary Platform
    Crypto Leverage	2:1 for retail, 50:1 for professional TradingView accounts, 10:1 to 20:1 for professional MT4/MT5 accounts
    Fees	Spreads for MT4 and TradingView (fixed): 85 for BTC/USD, 6 for ETH/USD, 0.9 for LTC/USD, 0.006 for XRP/USD Spreads for MT5 and proprietary platform (variable): 75 for BTC/USD, 5 for ETH/USD, 0.7 for LTC/USD, 0.005 for XRP/USD
    Exchange/Wallet Service	No
    Deposit Methods	Visa, Maestro, Mastercard, Skrill, iDeal (the Netherlands), Neteller, Bank Wire Transfer, Local Bank Transfer
    Withdrawal Methods	Visa, Maestro, Mastercard, Skrill, Neteller, Bank Wire Transfer

    Launched in 2001, easyMarkets is a long-standing provider of low-cost online trading services with a product portfolio comprising over 275 CFDs. The broker holds licenses from several regulatory bodies, including CySEC. The latter enables it to accept Norwegian customers through the EEA passporting system. Norwegian traders can dip their toes in 20 crypto markers for popular and emerging coins like BTC, ETH, ADA, OMG, CHZ, SOL, ZEC, and more.

    The broker offers a proprietary platform on top of the industry standard lineup encompassing MT5, MT4, and TradingView. We should point out that crypto spreads at easyMarkets vary based on platform. MT5 accounts offer slightly lower, floating spreads, while MT4, TradingView, and easyMarkets accounts have fixed but higher spreads. None of the available account types attracts additional commissions on crypto positions.

    Norwegian traders will feel right at home at easyMarkets as the website is available in their native language. They can register live accounts with NOK as the base currency, yet another benefit of trading here. Clients can take advantage of free guaranteed stop losses, a feature requiring a paid subscription at most rival trading sites. The free dealCancellation and Freeze Rate features also help with risk mitigation.

    Key Pros

    • Supports NOK as a base currency
    • Offers free guaranteed stop losses on crypto positions
    • Crypto leverage of up to 50:1 on TradingView pro accounts
    • Featured in the Finanstilsynet database (ID: FT00083195)
    • Low minimum deposits ($/€25 or the NOK equivalent)

    Key Cons

    • A limited range of markets (around 275 CFDs)
    • Slightly higher crypto spreads compared to some rival brokers
    • Crypto spreads differ depending on the trading platform
    Trade Responsibly: CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclaimer. Easy Forex Trading Ltd (CySEC – License Number 079/07).

Norway Crypto Exchanges Ranked by Trustpilot Score

Top Norwegian Crypto Exchanges Fees

Top 3 Crypto Exchanges in Norway

Bitpanda

Bitpanda’s commitment to regulatory compliance makes it a suitable option for all Norwegian traders looking for a secure and reliable crypto exchange. Bitpanda has secured a spot in the Finanstilsynet register as an authorized virtual currency service provider, further increasing its appeal in the eyes of traders from the Nordic country. Norwegian customers can buy, sell, and exchange over 400 digital coins or speculate on their prices with contracts for difference.

Clients can additionally trade and follow the price fluctuations of 8 crypto indices, including BCI 5, BCI 10, and BCI 25. The platform ensures a smooth and hassle-free funding process with secure payment methods, including cards, bank transfers, and e-wallets. Active customers are eligible for a membership in the Bitpanda Club. Members enjoy exclusive perks like priority support, early access to new features, and invitations to various in-person events.

Norwegian clients can collect staking rewards for holding 42 digital coins, with more to be added soon. Customers start reaping the benefits of holding their digital assets from week one. The Bitpanda-branded debit card enables clients to spend their crypto at millions of outlets accepting Visa payments. On the downside, the debit card is available only to traders based in countries from the Eurozone, and Norway is not among them.

eToro

The longest-running social trading platform, eToro, snagged the first spot on our top 3 shortlist, with its versatile collection of over 100 vetted cryptocurrencies. Customers can profit from the price action with crypto CFDs that give them leveraged exposure of up to 2:1. Buying, selling, and holding digital assets in the eToro Money wallet is also possible since the trading platform doubles as a crypto exchange.

Norwegian residents who join eToro can rest assured they are trading with a reliable and compliant platform licensed by prominent EEA regulators like CySEC and MFSA. The company is also featured in the register of the Norwegian financial watchdog Finanstilsynet. Norwegians can top up their accounts in their local currency but the eToro wallet supports only EUR and GBP.

Traders pay a 1% fee upon opening and closing crypto positions. Clients who hold eligible crypto coins like ETH, SOL, ADA, and TRX can receive generous staking rewards of up to 90% at the highest Diamond tier in the eToro Club. Traders from Norway can deposit instantly with bank transfers, Trustly, PayPal, Visa, Maestro, and Mastercard. However, PayPal is unavailable to first-time depositors.

Bitstamp

Bitstamp has been facilitating low-cost crypto trading since 2011, which makes it one of the longest-running crypto exchanges in the world. It positions itself as a great choice for novice and casual cryptocurrency traders from Norway looking to buy, sell, and swap digital coins at reasonable rates. Registered with Finanstilsynet, the exchange provides a secure trading environment to customers from the Nordic country and stores over 95% of their crypto holdings with reliable third-party custodians.

Norwegian traders can invest in over 100 cryptocurrencies and altcoins at Bitstamp, with the option of purchasing their coins on the spot with credit/debit cards, wire transfers, and mobile wallets like Google Pay and Apple Pay. Clients will never miss out on lucrative trading opportunities thanks to Bitstamp’s advanced order monitoring system, coupled with access to real-time market data.

The exchange enables customers to earn passive income by lending and holding their cryptocurrencies. Staking rewards are available for popular proof-of-stake coins like Algorand, Cardano, and Ethereum, with rates ranging from 1.60% to 3.10%. Lending your cryptocurrencies can earn you up to 4.40% in extra rewards. Bitstamp has a transparent fee structure, charging maker/taker fees from 0.00% / 0.30% to 0.05% / 0.40%, depending on customers’ 30-day trading volume.

Legal Status of Crypto Trading in Norway

Norway is a well-developed country with a strong economy and a favorable environment for crypto businesses and startups. Cashless payments have become the norm due to the robust digital infrastructure in Norway. Only 3% to 5% of residents claim to have used paper money for their last payment as per Norges Bank data.

1. Crypto Is Not Legal Tender in Norway

   Cryptocurrencies like Ethereum and Bitcoin are not regarded as legal tender but using them to purchase goods and services is perfectly legal in Norway. Residents show enormous potential for adapting to virtual currencies, with 11% of all local adults owning digital coins as of February 2024. The mountainous country is home to over 70 blockchain startups, including leading companies like BitSpace, Coinpanda, and Gateway.

   Norges Bank has been researching central bank digital currencies (CBDC) for over eight years now to assess whether introducing them in Norway is a good idea. The central bank has now entered the fifth phase of its research and will presumably arrive at a decision on CBDC in 2025.

2. Crypto Falls Within the Scope of the Norwegian AML Act

   The regulatory framework on digital asset trading in the country is still taking shape as there are currently no specific regulations governing their provision. Cryptocurrencies are treated as assets, rather than money, and Norwegians are not prohibited from buying, selling, or swapping digital coins. They can confidently engage in such activities without fearing legal prosecution.

Cryptocurrency investments are partially regulated by the Norwegian Anti-Money Laundering Act (AML Act). The legislation requires custodial wallet providers and crypto exchanges targeting Notwegians to register with the Financial Supervisory Authority of Norway (Finanstilsynet).

Registered entities must exercise customer due diligence by confirming the identities and source of funds of all registered clients before allowing them to engage in any trading activities on their platforms. Onboarding customers must provide the following information to pass verification:

• Name and permanent residential address
• An 11-digit national identity number for permanent residents
• A valid D number for customers without permanent citizenship
• Birth date, place of birth, citizenship, and gender for customers without national identity numbers or D numbers

Registration obligations extend to all crypto custodians and exchanges with registered offices in the country, operating from the country, or targeting Norwegian customers. They cover a broad range of services, including swapping fiat for crypto, exchanging one cryptocurrency for another, and storing customers’ private cryptographic keys. The legislation does not cover non-custodial wallets because they do not involve storing private cryptographic keys. Exchanges and custodians seeking registration must satisfy the following requirements during application:

• Provide the applicant’s name, registered address, and organization number
• Provide detailed information about the type of services the applicant plans to offer
• Include the addresses, birth dates, names, and D numbers (if any) of key management personnel like board members and chief executive offenses
• Attach documents proving key management members have no convictions for criminal offices
• Obtain registration in the country’s commercial register
• Provide detailed business plans and information about risk-assessment policies
• Provide specifics about the services they plan to offer in Norway, including the range of tradable cryptocurrencies

Finanstilsynet refuses registrations to companies that do not meet one or more of these requirements. Incomplete applications also result in rejections. Companies that no longer satisfy the requirements outlined in the AML Act risk having their registrations canceled. Crypto CFD providers targeting Norwegian customers must seek approval from Finanstilsynet or another EEA regulator.

1. Adoption of MiFID II Regulations in Norway

   Norway is not part of the European Union but has a membership in the European Economic Area, which enables it to participate in the single EU market. The Nordic country has adopted the Markets in Financial Instruments Directive (MiFID II) to align its regulations with the EU and EEA requirements. This enables brokers licensed in other EEA member states to provide cross-border services to Norwegian customers without necessarily acquiring licenses from Finanstilsynet.

2. MiCAR Implementation in Norway

   MiCAR (Markets in Crypto-Assets Regulations) is another harmonized regulatory framework applicable throughout the EEA and the EU but this one targets specifically the distribution and sale of digital assets. Some of MiCAR’s provisions already came into effect in early June 2024. The rest of the regulations will become effective from December 30 of the same year.

The regulations aim to ensure higher levels of consumer protection for cryptocurrency investors throughout the EU. The Royal Norwegian Ministry of Finance deems the legislation relevant to the EEA and will evaluate its implementation in Norway once MiCAR becomes fully applicable at the end of the year.

Legal Forms of Crypto Trading in Norway

The Norwegian legislation does not mention specific restrictions on cryptocurrency trading. Local crypto enthusiasts commonly engage in speculative trading with contracts for difference without buying any underlying assets. Crypto CFD providers can legally distribute their products in Norway if licensed by Finanstilsynet or another EEA financial watchdog. As Norway has chosen to adopt MiFID II, most of the requirements for crypto CFDs overlap with those applicable in the EU and EEA.

Brokers providing cryptocurrency CFDs must cap retail leverage at 2:1 to prevent fledgling traders from losing too much money during dramatic price swings. Norwegian customers trading crypto with leverage are entitled to negative balance protection, preventing them from slipping into debt. Approved crypto CFD brokers must join an accredited investor compensation fund and reimburse eligible clients with €20,000, or the NOK equivalent, when filing for bankruptcy.

The brokers must use standardized risk disclaimers to warn retail customers about the financial risks resulting from leveraged cryptocurrency trading. Clients must have sufficient funds to cover at least half their positions’ size. If unable to maintain the minimum required margin, clients should have their rapidly losing positions closed down.

Spot trading is another popular form of cryptocurrency trading available to Norwegians. It involves buying or selling cryptocurrencies at prevailing market prices on crypto exchanges. In this case, traders own the digital assets they buy, sell, or swap. The exchange acts as a mediator between the two parties involved in the spot transaction.

The first batch of MiCAR regulations that became effective in June 2024, ushering in various restrictions on issuing and trading stablecoins. The new rules prevent exchanges from offering non-compliant stablecoins whose combined daily transaction value exceeds €200 million. The number of daily transactions for USD-referenced stablecoins is capped at one million. Since these low thresholds cannot support current demand, many exchanges have started to delist non-compliant stablecoins from their product lineup.

Earning interest from USD-pegged stablecoins like USDC and USDT is no longer allowed under the new rules. Since MiCAR also targets high-risk financial instruments involving cryptocurrencies, many EEA-registered exchanges have voluntarily removed crypto futures and margin trading from their product offering.

Who Regulates Crypto Trading in Norway

As mentioned earlier, wallet custodians and crypto exchanges require registration as virtual currency service providers with Finanstilsynet to serve Norwegian customers. The regulatory body does not supervise cryptocurrency trading per se but rather ensures registered entities comply with the local anti-money laundering and counter-terrorist financing legislation. All customers undergo mandatory verification checks before they gain access to cryptocurrency trading.

Additionally, the Finanstilsynet requires registered exchanges to closely monitor for suspicious transactions and report them to the relevant authorities. The Norwegian regulator has a dedicated database where residents can verify the registration status of their chosen crypto exchange. Crypto brokers providing CFD trading are also featured here as approved investment firms.

It is worth mentioning most entities included in the database serve the Norwegian market with licenses granted by regulators based in other EEA countries. Common examples include CySEC in Cyprus and BaFin in Germany. This is legal and possible thanks to MiFID, which allows the cross-border provision of trading services through a passporting regime. Norges Bank also draws up policies for cryptocurrencies but does not directly deal with crypto trading regulations.

Common Costs Associated with Crypto Trading in Norway

Norwegians should brace themselves for additional expenses when trading with crypto brokers and exchanges. We recommend you acquaint yourself with the charges of your chosen broker or exchange beforehand, as costs and fee structures may differ significantly from one trading platform to another.

Most brokers providing CFDs for cryptocurrencies normally facilitate commission-free trading, meaning traders are not liable for commissions when opening or closing leveraged crypto positions. All additional trading costs are typically paid through the spreads, reflecting the difference between the buy and sell prices. Wider spreads result in greater trading expenses for customers, and vice versa.

Since leveraging entails borrowing money from your broker, you can also anticipate paying interest in the form of rollover fees when holding your crypto positions overnight. Rollover fees (swaps) aim to cover the costs of maintaining your open trades after the regular trading day ends. We recommend checking your broker’s swap rates occasionally, as they tend to change frequently and vary based on the coins you trade.

Attaching spreads to spot transactions is also a common practice among crypto exchanges where traders buy and sell actual digital coins. When placing orders, exchange customers can also anticipate paying maker or taker fees.

Maker fees are attached to limit orders that require more time to fill, contributing to market liquidity. Market orders filled immediately attract taker fees because they effectively reduce market liquidity. This peculiarity causes taker fees to always be slightly higher than maker fees. Blockchain transactions, on the other hand, can trigger network or “gas” fees whose size depends on the network’s overload and your transaction size.

Some of the additional expenses Norwegian customers are liable for are not directly related to trading. Certain withdrawal methods like the wire transfer frequently attract processing fees for withdrawals, especially in the case of international transfers. NOK transactions initiated via accounts using other base currencies usually trigger conversion fees. Leaving your live account dormant for a long time may also cost you extra as some CFD providers impose monthly fees for inactivity.

Are Profits from Crypto Trading Taxed in Norway

While Norway does not recognize cryptocurrencies as legal tender, digital assets may still trigger taxation in certain cases. Profits generated from selling, swapping, and using cryptocurrencies are liable for capital gains taxes of 22%. Earnings resulting from mining and staking may attract regular income taxes, according to Skatteetaten, the Norwegian Tax Administration. Paying for products and services with crypto is exempt from value-added taxes (VAT).

We should point out that mining digital coins with one’s personal computer or laptop is not taxable. However, purchasing specialized computer equipment for mining purposes may trigger taxation as a business activity. Income taxes vary dramatically depending on one’s income bracket, as demonstrated in the table below. Residents are not liable for taxation if crypto mining results in profits under 208,050 NOK.

We recommend local traders record all their cryptocurrency transactions for tax purposes. This includes transaction dates, sale prices, and the profits earned from each transaction. All this information should be included in one’s annual tax return. Norwegian crypto traders eligible for taxation should seek assistance from a tax professional if struggling to file their tax returns on their own.

How to Pick Quality Crypto Brokers for Norway

Norwegian crypto traders should consider several deciding factors if unsure how to pick a decent trading platform that fits their needs. Regulatory compliance, licensing, and registration are easily the first things crypto enthusiasts from Norway should check. Picking trading platforms registered with Finanstilsynet or another reputable EEA regulator minimizes the risks of traders being mistreated and ensures they enjoy the best possible trading conditions.

EEA-compliant brokers and crypto exchanges go out of their way to uphold high security levels and protect consumers from market volatility. Brokers, in particular, safeguard retail clients from negative balances and restrict their access to leverage, which can be a double-edged sword in the hands of fledgling crypto investors. Compliant crypto trading businesses also segregate their operational funds from the money of their customers.

The range of available crypto markets is another important aspect Norwegian customers should consider. The more versatile the product offering, the more valuable opportunities for portfolio diversification. Market diversity ensures there are options for all Norwegian crypto traders no matter their risk appetites or trading strategy. The best trading platforms targeting the Norwegian market offer rich suites of crypto crosses, crypto-fiat pairs, and crypto indices. Some brokers even enable Norwegians to speculate on the price movements of digital coins against commodities like gold.

The spreads and other trading-related expenses also bear consideration. When too high, these additional expenses will gradually build up over time, draining any profits you collect from successful trades. Look for brokers and exchanges with competitive spreads and low fees to extract maximum value from your crypto trades. Last but not least, Norwegians should look for platforms available in their native language, especially if English is not their forte. If possible, they should choose brokers and crypto exchanges supporting NOK payments to avoid the extra charges for currency conversion.

Written by Z. Stefanova