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How to buy Bitcoin with Klarna in 2023
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Firstly, the most important question to answer is: can I buy Bitcoin with Klarna?
Yes, you can buy Bitcoin through Sofort, Klarna’s buy now payment service. Or you can use Klarna to fund a trading account and buy Bitcoin that way.
You just need a crypto exchange that accepts Klarna deposits. And we’re here to help.
How to buy Bitcoin with Klarna – a step-by-step guide
It takes about 15 minutes to buy BTC with Klarna. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with Start Trading
We recommend Start Trading as the best platform to use to buy BTC with Klarna.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via Klarna
Enter how much you want to deposit and select Klarna as your payment method from the list of options.
Step 4. Use the search box to find Bitcoin
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept Klarna
Quick answers to key questions
Can I buy crypto with Klarna?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support Klarna as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is Klarna safe?
Yes, it’s completely safe to use Klarna. The only risk to look out for is to make sure you sign up to a regulated Klarna Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via Klarna?
The average cost is between 1-2% of the total transaction value. The total amount varies depending on the broker, but if you buy Bitcoin with Sofort you’ll be able to access the best rates as it’s just like paying with a bank transfer.
Can I store Bitcoin in my Klarna account?
No, Klarna doesn’t allow cryptocurrency storage. To keep your coins safe, you should use a Bitcoin wallet, which is an app that protects cryptocurrency behind a unique private key.
Why don’t more crypto platforms support Klarna?
Klarna is a buy now, pay later (BNPL) service, and crypto platforms generally don’t let you buy coins on credit. However, you’ll find that many more platforms let you buy Bitcoin with Sofort, which is a payment service fully owned by Klarna.
Sofort is simply a more convenient way to pay for online payments using your bank account. Buying Bitcoin with Sofort is simple and available with any crypto platform that accepts deposits from a bank account – which is virtually all of them.
Should I buy Bitcoin using Klarna?
Yes, if you’re happy to use Sofort, Klarna’s payment service. Buying Bitcoin with Sofort is simple and straightforward, and a more convenient way to make Bitcoin purchases from your bank account than typing in long card details every time.
Buying Bitcoin with Klarna’s buy now, pay later service is much more difficult. Few crypto platforms accept deposits from these types of schemes. Here are some pros and cons of buying Bitcoin with Sofort (Klarna).
- Make deposits straight from your bank account
- Don’t need to create an account to make the deposits
- Pay for your Bitcoin purchases later on
Is there an alternative to buying cryptocurrency with Klarna?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
- Buy Bitcoin with Afterpay
- Buy Bitcoin with American Express
- Buy Bitcoin with Apple Pay
- Buy Bitcoin with bank transfer
- Buy Bitcoin with cash
- Buy Bitcoin with Cash App
- Buy Bitcoin with Discover Card
- Buy Bitcoin with gift card
- Buy Bitcoin with Google Pay
- Buy Bitcoin with Moneygram
- Buy Bitcoin with Neteller
- Buy Bitcoin with Netspend
- Buy Bitcoin with Payoneer
- Buy Bitcoin with PayPal
- Buy Bitcoin with Paysafecard
- Buy Bitcoin with Paytm Wallet
- Buy Bitcoin with Revolut
- Buy Bitcoin with Skrill
- Buy Bitcoin with Swish
- Buy Bitcoin with Venmo
- Buy Bitcoin with Western Union
- Buy Bitcoin with Zelle
- Buy Bitcoin with Zippay
No, Coinbase does not accept deposits via Klarna
No, you can’t link your Klarna account to Cash App.
Go to the account settings to make a deposit. Enter the details and choose Klarna from the list of payment options. If it is available, you’ll then be asked to add your Klarna account details before confirming the payment.
Not instantly, no, but it is quite fast once you’ve made a deposit to your favourite crypto platform. Each Bitcoin transaction usually goes through in a few seconds.
Not completely anonymous, but it’s possible to protect some of your personal details if you buy Bitcoin with Sofort (Klarna). It shields your bank account details from the platform and you don’t need to set up an account with Sofort in order to use it.
More ways to buy cryptocurrency
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >