How to buy Bitcoin with Swish in 2023

This introductory guide explains how to buy Bitcoin with Swish. Follow our simple three step guide to make your first purchase.
Updated: May 25, 2023

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Firstly, the most important question to answer is: can I buy Bitcoin with Swish?

No, Swish doesn’t allow you to purchase cryptocurrency. However, you can use Swish to fund a trading account and buy Bitcoin that way.

You just need a crypto exchange that accepts Swish deposits. And we’re here to help.

How to buy Bitcoin with Swish – a step-by-step guide

It takes about 15 minutes to buy BTC with Swish. 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 Swish.

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 Swish

Enter how much you want to deposit and select Swish 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 Swish

Quick answers to key questions

Can I buy crypto with Swish?

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 Swish as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is Swish safe?

Yes, it’s completely safe to use Swish. The only risk to look out for is to make sure you sign up to a regulated Swish 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 Swish?

The fees vary depending on the platform but normally depositing money into your broker account is free, and many brokers offer free trading as well.

Where you might have to pay fees is as part of the trade where you buy or sell Bitcoin, as the broker is likely to charge a commission on the ‘spread’; the difference between the buy and sell price. This is often around 0.5-1%.

Can I store Bitcoin in my Swish account?

No, Swish can’t be used as a crypto wallet. PayPal is the best option if you want to use your payment provider to buy and store cryptocurrency directly.

Why don’t more crypto platforms support Swish?

Swish is closely tied up with Swedish identity. You have to have a Swedish bank account in order to use it and the account is tied to your ID number. 

It’s far less popular outside of Sweden, so platforms based elsewhere rarely cater for payments made in this way, or have the required relationship with a Swedish bank themselves.

Should I buy Bitcoin using Swish?

Swish is a great choice to buy Bitcoin if you’re based in Sweden. It’s one of the most popular ways to transfer money and makes for one of the simplest options to pay for cryptocurrency as well.

The biggest drawback is the fact that few international brokers support Swish as a payment method at the moment. It’s extremely popular in Sweden and with Swedish trading platforms but less so for brokers based elsewhere. 

Here is a summary of the pros and cons of using Swish to buy Bitcoin.


  • An easy way to pay through Avanza and Safello in Sweden
  • A secure way to pay because it’s tied to your bank account and ID
  • Low fee Bitcoin transactions are possible


Is there an alternative to buying cryptocurrency with Swish?

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.


Can I buy Bitcoin with Swish on Coinbase?
Can I buy Bitcoin with Swish on Cash App?
How do I fund my crypto account with Swish?
Can I buy Bitcoin with Swish instantly?
Can I buy Bitcoin with Swish anonymously?
Can I convert Swish funds to Bitcoin?
Can I buy Bitcoin with no fees?
Can I use Swish to buy BTC outside Sweden?
Can I buy other cryptocurrencies with Swish?
Does Binance accept Swish?

Sources & references
Risk disclaimer
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.