Summary
Cryptocurrency trading is legal in Denmark, with clear regulations and tax rules. Bank transfers and credit cards are common payment options. Crypto activities are regulated by the Danish Financial Supervisory Authority (FSA). The Danish krone (DKK) is supported on most major platforms. Key regulations include anti-money laundering (AML) and know-your-customer (KYC) policies. Some of the best crypto exchanges in Denmark are:
Best Crypto Exchanges in Denmark
Denmark’s crypto market offers a range of exchange options for traders seeking to buy, sell, and trade digital assets. When selecting a platform, Danish investors should consider factors such as DKK support, available payment methods, and compliance with local regulations. Bank transfers and credit card payments are widely accepted, providing convenient options for Danish users.
1. MEXC
Users:
15m
Free Demo:
Mobile App:
Bonus
$20,000
Cryptos:
2400+
Leverage:
300x
Spot Fees:
0.05%
Futures Fees:
0.01%/0.04%
Pros
- Lowest Trading Fees
- 2000+ supported crypto assets
- 300x leverage and deep liquidity
- 24/7 customer support
- Best for altcoin and leverage trading
Cons
- Not available in the US
- Newly launched coins pose high risk
- May request KYC in the future
Overview
MEXC is known as the crypto exchange with the lowest fees. What makes MEXC stand out is its 0% maker fee offer, meaning you can trade without any fees. However, the spot and futures taker fees start at 0.02%. No crypto exchange can compete with the MEXC fee structure.
If you are a day trader seeking high leverage, MEXC may be one of your best options. With 300x leverage over 400 futures contracts and by far the lowest fees, MEXC is truly a day trading heaven.
Even if you are not interested in leverage trading, MEXC has you covered with over 2000 supported cryptocurrencies on the spot market. While MEXC offers tons of new altcoins, we recommend being cautious as the legitimacy of newly listed projects may be questionable.
All in all, MEXC is arguably the best option for high-frequency traders seeking low fees to get the best value for money.
2. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
3. Coinbase
Users:
100m
Free Demo:
Mobile App:
Bonus:
$10
Cryptos:
250+
Leverage:
5x
Spot Fees:
0.4%/0.6%
Futures Fees:
0.02%/0.05%
Pros
- Most beginner-friendly exchange
- Fully regulated and licensed
- Great customer support
- Reputable with over 100 million users
- Comprehensive fiat deposit methods
- Great wallet for on-chain access
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
Coinbase Overview
Coinbase is one of the largest and most well-known cryptocurrency exchanges for buying cryptos.The platform currently has a user community of over 100 million users worldwide. What makes Coinbase special is its user-friendly interface. The platform is designed to be easy to use, making it accessible for beginners. Coinbase offers a clean and intuitive interface for buying, selling, and managing cryptocurrencies.
Crypto traders have access to over 250 cryptos for active trading. One downside of Coinbase is the fee structure. When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee of 0.60%, which is very expensive.
Another thing about Coinbase is that it offers a wide range of crypto services. These include wallets, NFT, crypto staking, Coinbase cards, and many more to help improve the overall trading experience on the platform. One of our favorite features is the Coinbase wallet.
It is suitable for beginners but also offers advanced trading tools including real-time charts, technical indicators, and many more for advanced traders.
4. Binance
Users:
200m
Free Demo:
Mobile App:
Bonus:
$100
Cryptos:
400+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.05%
Pros
- Most comprehensive crypto exchange
- Most advanced features and products
- 24/7 customer support
- 400+ cryptocurrencies
- Reputable with over 200 million users
- Best liquidity
Cons
- Not beginner friendly
- Restricted in many regions due to regulations
- EU traders must use BNFCR for futures trading
Overview
Reaching over 200 million registered users in 2024, Binance is by far the largest crypto exchange in the world. The platform is incredibly comprehensive, offering crypto traders all the tools they need to make a profit in the crypto market.
With over 400 cryptocurrencies to trade, leverage of up to 125x, directly integrated charts from TradingView with tons of technical analysis tools, and many more features, Binance has secured its spot as one of the best crypto exchanges.
Binance offers a wide variety of products, including spot, margin, futures, and options trading, staking, lending, P2P, automated bot trading, copy trading, and even an NFT marketplace. It is safe to say that crypto geeks will find everything they are looking for on Binance.
The trading fees on Binance are very affordable. Binance charges 0.1% trading fees on the spot market (makers and takers alike), which is the industry standard. Where Binance excels is the futures market with fees of only 0.02% for makers and 0.05% for takers.
5. BloFin
Users:
2m
Free Demo:
Mobile App:
Bonus:
$5,000
Cryptos:
400+
Leverage:
150x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Excellent for trading
- Very beginner friendly
- No KYC required
- 24/7 customer support
- Up to 150x leverage and deep liquidity
Cons
- Not good for passive income products
- Relatively new spot feature
Overview
Founded in 2019, Blofin is a no-KYC exchange where users can trade perpetual futures. With a recently added spot trading feature, as well as Copy trading for customers to enjoy, Blofin has earned a spot as a top contender in the crypto industry.
Blofin users can access 300+ trading pairs with leverage of up to 150x on the futures market. The exchange has a daily trading volume of $12.6 billion for futures trading, making Blofin one of the most active derivatives exchanges. The platform has integrated a user-friendly trading interface for both beginners and expert traders to navigate.
Blofin trading fees are set according to industry standards. For spot trading, a fee of 0.1% is incurred for both maker and taker, while for futures, the maker and taker fee is 0.02% and 0.06%.
What we love about Blofin is its generous VIP fee schedule, which allows traders to reduce their fees based on their 30-day trading volume.
Is Crypto Legal and Regulated in Denmark?
Cryptocurrency is legal in Denmark, and the country maintains a progressive stance towards digital assets. The Danish Financial Supervisory Authority (FSA) oversees crypto-related activities, ensuring compliance with financial regulations. In 2022, Denmark implemented the Act on Providers of Services in connection with Virtual Currencies, which aligns with EU directives on anti-money laundering (AML) and countering the financing of terrorism (CFT).
Crypto exchanges operating in Denmark must register with the FSA and adhere to strict AML/CFT requirements. The Danish FSA’s guidance on cryptoassets provides clarity on regulatory expectations. Additionally, Denmark participates in the EU’s Markets in Crypto-Assets (MiCA) regulation, which aims to establish a unified framework for crypto regulation across the European Union.
Danish law recognizes cryptocurrencies as property, not legal tender. This classification impacts taxation and legal treatment of digital assets. The Danish Tax Agency (SKAT) has issued guidelines on cryptocurrency taxation, ensuring transparent reporting of crypto-related income and capital gains.
Is Crypto Taxable in Denmark?
Cryptocurrency is indeed taxable in Denmark, with the Danish Tax Agency (SKAT) providing clear guidelines for reporting crypto-related income and capital gains. According to SKAT’s guidance, profits from cryptocurrency trading are subject to capital gains tax, typically at a rate of 42% for individuals.
For businesses engaged in crypto activities, profits are taxed as business income, with rates varying based on the company structure and income level. The Danish tax system treats mining rewards as personal income, taxed at progressive rates ranging from 37% to 52.06%.
Denmark employs a First-In-First-Out (FIFO) method for calculating crypto gains and losses. Taxpayers must maintain detailed records of all crypto transactions, including acquisition dates, costs, and selling prices. Crypto-to-crypto trades are considered taxable events, requiring careful tracking.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Denmark.
How to Buy Crypto in Denmark
Purchasing cryptocurrency in Denmark is a straightforward process, with several reputable exchanges offering services to Danish residents. We recommend MEXC as the top choice for Danish crypto enthusiasts due to its extensive coin selection, competitive fees, and user-friendly interface.
To buy Bitcoin, Ethereum, or other popular cryptocurrencies in Denmark, follow these steps:
- Select a crypto exchange: Choose a platform that supports DKK and complies with Danish regulations. Verify the exchange’s KYC requirements and available payment methods.
- Sign up and verify identity: Create an account on the chosen exchange. Complete the KYC process by providing necessary identification documents to comply with Danish AML regulations.
- Deposit funds: Transfer DKK to your exchange account using bank transfer or credit card. SEPA transfers are often the most cost-effective option for Danish users.
- Select crypto to buy: Navigate to the trading section and choose the desired cryptocurrency. Popular options include Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT).
- Execute trade: Enter the amount of crypto you wish to purchase and review the transaction details. Confirm the trade to complete your purchase.
- Store funds securely: Consider transferring your newly acquired crypto to a personal wallet for enhanced security. Hardware wallets offer the highest level of protection for long-term storage.
By following these steps, Danish investors can safely and efficiently enter the cryptocurrency market while adhering to local regulations and best practices.
Best Crypto Wallets in Denmark
Danish crypto enthusiasts have access to a variety of wallet options for secure storage of digital assets. Hardware wallets like Ledger Nano X and Trezor Model T offer robust security features and support multiple cryptocurrencies, making them ideal for long-term storage. These devices store private keys offline, providing protection against online threats.
For users seeking more flexibility, software wallets such as Exodus and Trust Wallet offer user-friendly interfaces and support for a wide range of assets. These wallets are available on desktop and mobile platforms, allowing easy access to funds. Danish users should ensure their chosen wallet supports Danish language options for enhanced usability.
Web-based wallets like MetaMask provide convenient access to decentralized finance (DeFi) applications and are popular among active traders. However, users should exercise caution and enable additional security features such as two-factor authentication.
When selecting a wallet, Danish users should consider factors such as security features, supported cryptocurrencies, and ease of use. It’s crucial to follow best practices, including regular backups of recovery phrases and using strong, unique passwords for each wallet.
For those dealing with large amounts of crypto, a combination of hardware wallets for long-term storage and software wallets for day-to-day transactions often provides an optimal balance of security and convenience.
Bottom Line
For Danish crypto enthusiasts, MEXC stands out as the premier choice amongst the best crypto exchanges in Denmark, offering an extensive selection of over 1800 cryptocurrencies and competitive trading fees. Bybit follows closely, providing a robust platform with advanced trading features and a user-friendly interface. Both exchanges support Danish krone (DKK) deposits and adhere to local regulations, ensuring a secure and compliant trading experience for users in Denmark. Whether you’re a novice or experienced trader, these top-tier platforms cater to diverse needs in the Danish crypto market.
