Buy bitcoin & other crypto at Svenska Handelsbanken
Do you want to buy Bitcoin with your bank account at Svenska Handelsbanken? Follow the steps in this article to instantly buy your favourite crypto with your bank account at Handelsbanken!
How to buy crypto at Svenska Handelsbanken?
Step 1: open an account with a crypto exchange
Before you can start trading crypto coins, you first need an account with a crypto exchange. Crypto exchanges allow you to buy & sell popular crypto coins like Bitcoin. In the overview below, you can immediately see which providers you can turn to:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Svenska Handelsbanken after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Opening an account only takes a few minutes with most providers. After you open an account, you can move on to step 2.
Step 2: deposit money with Handelsbanken
In Europe, before you can invest, you need to verify your account. You do this by uploading a copy of your passport and proof of address. After these documents are approved, you can immediately deposit money by using your bank account with Handelsbanken. It often takes one working day to several working days for the money to arrive in your crypto account.
Step 3: buy crypto with Handelsbanken
Within the trading platform, now select the crypto you want to buy. Most investors choose Bitcoin, but of course, you can also choose one of the thousands of other altcoins. After deciding which crypto you would like to buy, you can immediately place an order.
Within the order screen, enter the amount you would like to invest: with most crypto platforms, you can invest as little as €1. You can also set a stop loss or take profit: this way, you automatically close the position at a certain loss or profit.
Opening a position normally takes only a few seconds. Only during strong market movements, it can take a little longer for the order to be fully processed.
What is Handelsbanken’s stance on crypto?
Handelsbanken itself is interested in crypto: they are working with the Swedish Central Bank to develop a central digital currency (CBDC). This could work well in Sweden, since as much as 99% of transactions take place digitally.
Despite its positive attitude towards blockchain technology, Handelsbanken does not currently plan to offer crypto to its customers. However, you can link your bank account to a crypto exchange without any problems, as the bank does not block crypto transactions.
Svenska Handelsbanken AB is a Swedish bank offering various banking services: the bank offers investment & corporate banking in addition to normal savings accounts, for example. Handelsbanken is one of Sweden’s largest banks, with a network spread throughout the country.
Since 1990, Handelsbanken has been expanding into new regions. For example, Handelsbanken is building a strong position in the Nordic countries and is also active in the UK and the Netherlands. However, the bank recently decided to divest its operations in Finland and Denmark to better focus on its key markets.
Can you buy Bitcoin at Handelsbanken?
You cannot buy Bitcoin & other crypto directly at Handelsbanken. However, if you follow the steps in this article, you can invest in your favourite cryptocurrencies without any problems. The Swedish bank has no anti-crypto policy, so your transactions will not be blocked for investing in crypto. However, it is important to select a reliable crypto exchange; that way, you avoid losing your deposit.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.