In page navigation
How to buy Bitcoin with Swish in 2023
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
77% of retail CFD accounts lose money.
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.
Pros
- 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
Cons
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.
- 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 Neteller
- 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 Zelle
- Buy Bitcoin with Zippay
FAQs
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 >