Best Crypto Exchanges in Denmark

Best Cryptocurrency Exchanges in Denmark

To determine the leading exchanges for local investors, we reviewed the 24 crypto platforms accessible from Denmark. Our assessment focused on compliance with Danish Financial Supervisory Authority (DFSA) regulations, Danish krone (DKK) deposit methods, trading fees, range of assets, and features. Below is a comparison table of the top 5 exchanges for Danish users.

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1. Bybit

Bybit is the leading crypto exchange in Denmark due to its comprehensive suite of products, competitive fees, and extensive selection of 1,500 cryptocurrencies for spot trading. Known for high liquidity across major markets, it offers derivatives with leverage up to 200x, and multiple trading tools, including AI-driven insights with TradeGPT, copy trading and automated trading bots. 

Thanks to this global accessibility, the platform can be used in Danish and 23 other languages. Bybit Earn is another popular product for Danish users, featuring staking options and flexible savings accounts to grow and manage assets passively. Additional features include the Bybit Card, an NFT marketplace, crypto loans, a demo account, an OTC desk and a Launchpad.

• Fees: Maker fees are 0.02%, taker fees are 0.055%, and spot trading is 0.1%.
• Supported Assets: More than 1,500 digital assets.
• Regulation & Licensing: Regulated by CySEC and is available in Denmark.‍
• DKK Deposit Methods: SEPA, bank transfers, debit cards, credit cards, Samsung Pay, Google Pay, and Apple Pay.

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‍2. Kraken

Kraken is a top choice for large-scale investors, offering various services to meet the needs of both individual and institutional clients. It supports over 290 digital currencies for spot trading and futures trading on 100 futures contracts with leverage up to 5x supported. There is also Kraken Pro, which provides high liquidity, customizable order types, and a robust low-latency API. 

The exchange’s product suite extends beyond trading, featuring a staking platform that offers rewards on various crypto assets and the Kraken Wallet, a secure solution for managing digital assets. The Kraken NFT marketplace allows users to trade NFTs without gas fees. It is also one of the few exchanges to conduct regular proof-of-reserve audits, ensuring the integrity of user funds. 

• Fees: Maker fees start at 0.16%, with taker fees at 0.26%.
• Supported Assets: Over 290 cryptocurrencies.
• Regulation & Licensing: Licensed as a VASP in the EU and available in Denmark.
• DKK Deposit Methods: Bank transfers, credit cards, debit cards, and SEPA.

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3. Uphold

Uphold is a multi-asset exchange with 10 million users in Denmark and 150 other countries. There are over 300 cryptocurrencies, 27 traditional currencies and 4 precious metals, allowing users to diversify their portfolio on one platform. A key feature is its lucrative staking service, allowing investors to earn up to 25% APY on a selection of up to 30 digital currencies.

Its dedication to transparency is highlighted by its audited proof-of-reserves, ensuring a 1:1 backing for every digital asset and giving users confidence that their funds are accessible 24/7. In addition to trading and staking, the platform provides a crypto Mastercard that allows users to spend any of the supported assets on real-life purchases and earn cashback rewards of up to 5%.

• Fees: Trading fees range between 0.6% - 1.6%, depending on the asset.
• Supported Assets: 300 digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Regulated by the Bank of Lithuania and available in Denmark.‍
• DKK Deposit Methods: Bank transfers, Google Pay, Apple Pay, credit card and debit card.

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4. Binance

Binance is a popular exchange known for its wide range of features and products. With over 350 cryptocurrencies, it supports spot trading, margin trading, and futures contracts. For those looking to earn passive income, Binance Earn provides staking, savings, and other options, while the Launchpad and Launchpool features allow investors to participate in early-stage token projects. 

Additionally, the Binance NFT marketplace offers an extensive platform to trade, stake, and loan NFTs. Binance is also committed to accessibility, featuring 24/7 Danish-speaking customer support and educational resources through Binance Academy. The exchange also provides real-time analytics and trading tools, ensuring that users can trade with precision.

• Fees: Maker and taker fees start at 0.1%, with discounts for BNB holders.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Regulated across Europe and available in Denmark.
• DKK Deposit Methods: Bank transfer, credit card, debit card, SEPA and Apple Pay.

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5. MEXC

MEXC is an exchange focusing on derivatives trading, supporting up to 200x leverage on 520 futures contracts. This feature is especially beneficial for experienced traders wanting to open positions with high conviction. There are 2,900 cryptocurrencies available for spot trading, which is the largest selection of digital assets worldwide. 

Beyond futures, MEXC offers copy trading services, a demo account, trading bots, and ongoing airdrop events to provide value-added opportunities. The exchange also supports M-Day token giveaways and the MX token for platform privileges, including fee discounts and exclusive airdrop access. Although it is available in Denmark, it cannot be used in Danish.

• Fees: Maker fees are 0%, and taker fees range from 0.01% to 0.02%.
• Supported Assets: Over 2,900 cryptocurrencies.
• Regulation & Licensing: Not regulated in Denmark but available to local users.
• DKK Deposit Methods: Credit card or debit card.

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Is Crypto Regulated in Denmark?

Yes, crypto regulation in Denmark falls under the Danish Financial Supervisory Authority (DFSA) and aligns with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The FSA enforces principles around transparency, anti-money laundering (AML), and consumer protection, mainly as MiCA introduces unified standards across the EU for crypto asset services.

MiCA’s implementation will require Danish crypto platforms to meet enhanced standards in areas like governance, risk management, and disclosure. This framework not only supports innovation but also strengthens consumer protection, creating a safer environment for crypto activities within Denmark’s growing digital asset market.

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How Is Crypto Taxed in Denmark?

In Denmark, digital assets are subject to capital gains tax under specific rules managed by the Danish Tax Agency (Skattestyrelsen). Cryptocurrency is generally treated as a speculative asset, meaning most individuals who buy and sell crypto with the aim of profit are required to report their gains or losses as personal income, taxed at rates up to 53%, depending on income brackets. 

For individuals, losses can be deducted at 26% but cannot be offset directly against gains in most cases. Instead, total profits and losses must be reported separately on the tax assessment. This requires using the First In, First Out (FIFO) principle to calculate gains and losses. Under this rule, the earliest purchased assets are considered the first sold, regardless of the wallet used.

For corporate entities in the crypto space, general business tax rules apply, with taxes levied on profits and deductions available for certain business-related expenses. Denmark exempts crypto-to-fiat transactions from VAT, aligning with EU policy, and requires companies to adhere to regulations for reporting, AML compliance, and social contributions if they employ staff.

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How to Buy Bitcoin in Denmark

Danish investors interested in purchasing Bitcoin can begin by selecting a licensed exchange that supports Danish krone (DKK) deposits and follows regulations set by the Danish Financial Supervisory Authority (FSA). Follow this guide to help you get started:

1. Create an Account: Sign up with a regulated Danish exchange. You’ll need to provide basic information like your name and email. Complete the required identity verification by uploading a government-issued photo ID, such as a passport or Danish ID.
2. Deposit DKK: Navigate to the deposit section on your dashboard, enter the amount of Danish kroner (DKK) you want to invest, and select your preferred payment method. 
3. Find Bitcoin: Head to the trading section, type “BTC” to locate Bitcoin, and select the DKK/BTC trading pair. Then, fill in the transaction details.
4. Execute the Trade: Enter the amount of Bitcoin you wish to buy, review the transaction details, and confirm.

This guide provides a detailed breakdown of the purchasing process, from account setup to executing trades.

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Bottom Line

Choosing the best crypto exchange in Denmark comes down to your individual trading goals and preferred features. For Danish users, we recommend exchanges that align with Danish and EU regulatory standards, such as Bybit, Kraken, Uphold, Binance, and MEXC.

Each of these platforms offers unique tools and options, supporting various experience levels and ensuring Danish investors can trade securely.