How to Buy Bitcoin?

Investing in Bitcoin can feel overwhelming and a bit intimidating, especially if you're new to the field.

Investment Savings Account (ISK)

One approach to investing in Bitcoin is through a cryptocurrency exchange, such as Coinbase or Kraken. This involves creating a new account and possibly downloading an app, which can feel cumbersome and time-consuming for some. Additionally, if you choose to store your Bitcoin investments through a crypto exchange or in your own digital wallet, security becomes a key concern. Many investors, therefore, prefer a simpler option: investing in Bitcoin through their regular ISK (Investment Savings Account) or a capital insurance account.

Avanza and Nordnet

The easiest way to invest in Bitcoin today is by purchasing a Bitcoin ETP (Exchange Traded Product) via Avanza or Nordnet, offering several advantages. First, ETPs are simpler for investors to trade, as they can be bought and sold just like stocks. This eliminates the need to deal with the more complex details and security risks associated with owning cryptocurrencies directly. Additionally, Bitcoin investments can be seamlessly integrated into your regular portfolio of stocks and funds, providing better oversight and control.

Virtune

The Swedish company Virtune offers the Virtune Bitcoin product, providing a straightforward way to invest in Bitcoin via your ISK or capital insurance account. This product is available through Avanza and Nordnet and is listed on Nasdaq Stockholm. At the time of writing, one unit of Virtune Bitcoin costs 114 SEK, allowing you to gain exposure to Bitcoin for that exact amount. Virtune ensures that the equivalent value (e.g., 114 SEK) is always stored in actual Bitcoins, providing 1:1 exposure to Bitcoin minus an annual fee.

Convenience

An additional benefit of investing in Bitcoin through an ISK account is avoiding the standard 30% capital gains tax. Instead, the product is taxed with a flat rate, just like stocks and funds in an ISK account. Since Virtune’s product is always 100% backed by real Bitcoins, it is a safer option compared to tracker certificates that merely track Bitcoin’s value.

Learn more about Virtune’s Bitcoin product here
To Avanza
To Nordnet

Disclaimer: Crypto investments carry high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities can increase or decrease in value, and there is no guarantee of recovering invested capital. Read the prospectus, KID, and terms at www.virtune.com.