9.23.2024
I
News releases

Many Investors Are Overpaying for Bitcoin Due to a Lack of Transparency – Don’t Be One of Them! Check Out Our Nordic Broker Comparison

Are you investing in Bitcoin for the first time and wondering where to get the best value for your money? We’ve done the comparison for you, and the results speak for themselves – Kvarn X offers the most competitive prices in the Nordics for retail customers!

💡 Key Highlights:

1. The total cost with Kvarn X for a beginner investor is only 0.82% (for a €500 investment). This is significantly cheaper than similar brokerage services.

2. Compared to other brokers, who can charge over 5% in total costs, you keep more of your Bitcoin by choosing Kvarn X.

3. No hidden fees or unpleasant surprises – our transparent pricing ensures that you know exactly what you're paying.

4. Kvarn X sources the best prices from multiple exchanges and marketplaces, offering competitive rates whether you’re a retail customer or a professional investor.

🚀 Let Us Do the Work for You!

With Kvarn X, you get the best prices from across the market without the hassle of searching. Take advantage of the most affordable fees and rates in the Nordics – the best value for your money, whether you’re new to investing or a seasoned pro.

Transparency Should Be the Default

Transparency should be a fundamental part of the Bitcoin ethos, ensuring fairness and trust in the market. However, many investors are overpaying due to a lack of transparency on centralized platforms, often exposing themselves to significant counterparty risks and inadequate investor protection because they don't fully understand their exposure.

Moreover, upcoming EU regulations like MiCA (Markets in Crypto-Assets) will soon standardize transparency for centralized marketplaces and brokers, ensuring that all platforms across the EU operate under clear and consistent rules. With Kvarn X, you're already benefiting from institutional-level transparency and the best execution of your trades today.

Cost Comparison for First-Time Bitcoin Investors

(Investment amount: 500 EUR and 5000 SEK / NOK)

Broker Kvarn X Competitor 1 Safello Coinbase Firi Bitpanda
Cryptocurrency Bitcoin (BTC) Bitcoin (BTC) Bitcoin (BTC) Bitcoin (BTC) Bitcoin (BTC) Bitcoin (BTC)
Currency EUR EUR SEK EUR NOK EUR
Commission % 0.80% 2.00% 3.49% 1.02% 0.70% 0.00%
Spread % 0.04% 0.85% 3.30% 1.99% 1.01% 3.16%
Total Cost % 0.82% 2.43% 5.14% 2.01% 1.20% 1.58%
Investment Amount 500€ 500€ 5000 kr 500€ 5000 kr 500€
Fee 4.10€ 12.15€ 257 kr 10.05€ 60 kr 7.90€
Cost Basis Commission Commission & Spread Commission & Spread Commission & Spread Commission & Spread Spread
Price Transparency High Low Low Low Neutral Low

Explanations:

  • Broker Fee: The fee charged by the broker for buying or selling, expressed as a percentage of the trade amount.
  • Spread: The difference between the buy and sell prices set by the broker, typically a hidden cost to the customer.
  • Total Cost: The total cost of a buy order, including the broker fee and half of the spread.

Pricing Transparency:

  • High: Fees are clearly visible and easy to understand.
  • Low: Some hidden costs, such as spread, may not be clearly disclosed.
  • Neutral: Pricing is moderately transparent.

Disclaimer:

This table provides an example of the costs associated with Bitcoin investing through various brokers and platforms in the Nordic region. The comparison excludes cryptocurrency exchanges that trade directly on centralized order books. Costs may vary depending on market conditions, exchange rates, and any price changes made by the broker. The comparison is based on beginner investor costs without volume-based discounts. Cryptocurrency prices are highly volatile, and investing in them involves significant risks. We encourage you to review the broker's current terms and fees before making an investment decision.

The content below is available to Kvarn X Pro customers.

Learn more about the Pro membership and its benefits here.

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