best bitcoin exchanges for norway

Bitcoin in Norway

Norway gradually became friendlier towards Bitcoin, while changing its stance and providing favorable regulation outlines.

In 2013 Norway couldn’t define Bitcoin as money or currency and that it is considered a taxable asset of 25% capital gain tax.
The decision to classify Bitcoin as an asset considerably stifled adoption, which made dealing with Bitcoin way harder.

In November of 2019 Bitcoin transactions became VAT-Exempt, changing the stance of the Norwegian Tax Administration to get in line with the EU regulation (In October of 2015 the European Court of Justing ruled that Bitcoin exchange transactions are VAT-Exempt).

Norway is home to a private Anarcho-Capitalist city – Liberstad which adopted cryptocurrencies as the sole medium of exchange while also creating its own, called CITY.

In 2018 the Finanstilsynet (Financial Supervisory Authority of Norway) provided new AML regulation outlines for Crypto service providers. The consequences of the new regulation for the people is that they should expect to need to pass identity verification (KYC) and answer questions to clarify the purpose of the transaction and the origin of the user’s money.

Best bitcoin exchanges for Norway

Buying bitcoin in Norway is easy since the country isn’t on any sanctions list and has taken a favorable stance towards it, meaning that Norwegians have unlimited access to the best bitcoin exchanges in the industry.

Where to buy Bitcoin in Norway?

Here’s a list of the most used exchanges to buy or sell bitcoin by Norwegian people as of this date:

Exchange
Security
Pros & Cons
Trading
 
Exchange Huobi
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.2%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, 180+ cryptocurrencies

Trading

Normal

Exchange Changelly
Security

Pros & Cons

  • Min. Deposit: 50$
  • Fees: 0.25%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, GBP 140+ cryptocurrencies

Trading

Normal

Exchange Coinmama
Security

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 5.9%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, GBP, CAD, AUD, 8 cryptocurrencies

Trading

Normal

Exchange Bitfinex
Security

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.2%
  • KYC: Not Mandatory
  • Reputation: Medium

  • Deposit Options:
  • EUR, CNH, JPY< GBP, USD, 70+ cryptocurrencies

Trading

Normal

Exchange Gemini
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.35%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, 6 cryptocurrencies

Trading

Normal

Exchange Kraken
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.26%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, CND, GPB, CHF, JPY 25+ cryptocurrencies

Trading

Normal

Exchange Coinbase
Security

High

Pros & Cons

  • Min. Deposit: 10$
  • Fees: 0.50%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, 16+ cryptocurrencies

Trading

Normal

Exchange Cex
Security

High

Pros & Cons

  • Min. Deposit: 20$
  • Fees: 0.50%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, GBP, RUB, 14+ cryptocurrencies

Trading

Normal

Exchange Bitpanda
Security

High

Pros & Cons

  • Min. Deposit: 25€
  • Fees: 0.1%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • Debit, Credit, SEPA, 20+ Cryptocurrencies

Trading

Normal

Exchange LocalBitcoins
Security

High

Pros & Cons

  • Min. Deposit: 1$
  • Fees: 0.50%
  • KYC: Not Mandatory
  • Reputation: High

  • Deposit Options:
  • USD, EUR, GBP, RUB, and more. BTC

Trading

Normal

Where to trade Bitcoin in Norway?

Norway is home to some of the best traders in the world. In the list below you’ll find the most used platforms for trading by Norwegian people.

Exchange
Security
Pros & Cons
Trading
 
Exchange Basefex
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.06%
  • KYC: No
  • Reputation: High

  • Deposit Options:
  • BTC, USDT

Trading

Leverage

Exchange Huobi
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.2%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, 180+ cryptocurrencies

Trading

Normal

Exchange Bitfinex
Security

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.2%
  • KYC: Not Mandatory
  • Reputation: Medium

  • Deposit Options:
  • EUR, CNH, JPY< GBP, USD, 70+ cryptocurrencies

Trading

Normal

Exchange Gemini
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.35%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, 6 cryptocurrencies

Trading

Normal

Exchange Kraken
Security

High

Pros & Cons

  • Min. Deposit: 0.001 BTC
  • Fees: 0.26%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • USD, EUR, CND, GPB, CHF, JPY 25+ cryptocurrencies

Trading

Normal

Exchange eToro
Security

Very High

Pros & Cons

  • Min. Deposit: $50
  • Fees: 0.05%
  • KYC: Yes
  • Reputation: High

  • Deposit Options:
  • Debit, Credit, SEPA, 150+ Cryptos

Trading

Leverage

Exchange Binance
Security

High

Pros & Cons

  • Min. Deposit: 1$
  • Fees: 0.1%
  • KYC: No
  • Reputation: High

  • Deposit Options:
  • 10+ currencies, 350+ cryptocurrencies

Trading

Normal

Exchange Bitmex
Security

High

Pros & Cons

  • Min. Deposit: 1$
  • Fees: 0.075%
  • KYC: No
  • Reputation: High

  • Deposit Options:
  • BTC

Trading

Leverage

Exchange Bybit
Security

High

Pros & Cons

  • Min. Deposit: 1$
  • Fees: 0.075%
  • KYC: No
  • Reputation: High

  • Deposit Options:
  • BTC, ETH, EOS, XRP, USDT

Trading

Leverage

Prominent events in Norway about Bitcoin

Events in 2013

Norway decides that Bitcoin is not a currency, but a taxable asset

Pizza24, a Swedish pizza delivery services start to accept Bitcoin

Events in 2014

Bitcoinsnorway a new Norwegian cryptocurrency exchange donates 5% from its profit to charity

Events in 2016

A Blockchain system is used for Norway to attract tourists thanks to Loyyal – a New York based company

Norway’s largest bank DNB introduces a new feature on its app – Vipps, giving the option for its clients to pay to companies through bank accounts or debit cards, thus making the buying of Bitcoin seamless

Events in 2017

Prosecutors want a pay up from drug dealers linked to Silkroad in Bitcoin in Norway.

Payza, a global payment service provider adds Bitcoin to its list of available currencies, giving the option to their users to send, receive and store bitcoins through the app.

OneCoin (a Ponzi scheme) receives an Ultimatum from the Norwegian authorities

Events in 2018

Bitfury is approved by the Norwegian government to open a Datacenter in Norway

Bitmynt AS loses the in court against Nordea in an appeal against closing the exchange‘s bank account

Bitcoin mining farms stop receiving subsidies from the government of Norway

Events in 2019

Android users in Norway can now purchase Ethereum through the Opera browser

Liberstad – the Anarcho-Capitalist smart city adopts crypto as THE method of value exchange

Accepting Bitcoin becomes a priority for the Norwegian Airlines

Bitcoin Millionaire makes a dangerous jump through a balcony to escape an armed robbery.