How to Buy Cryptocurrency with Klarna: European Guide

How Klarna Works for Crypto Purchases

Klarna is a Swedish fintech company available across most of Europe. For cryptocurrency purchases, Klarna operates as a bank transfer intermediary, specifically through its Klarna Pay by Bank product (formerly known as Sofortüberweisung). This product routes payments directly from your bank account to the exchange in real time, without credit or deferred payment.

Klarna's "Buy Now, Pay Later" products, including "Pay in 30 days" and instalment options, are not accepted by crypto exchanges. Only the immediate bank-transfer option is supported. Exchanges operating under EU financial regulation do not extend credit for speculative asset purchases.

Klarna does not sell cryptocurrency directly. It processes the deposit that funds your trading account on a third-party exchange. You choose the exchange, open an account there, and use Klarna to move euros from your bank to the exchange.

Step-by-Step: Buying Crypto with Klarna

Step 1: Choose a supported exchange

Select a European crypto exchange that accepts Klarna deposits. Paybis and eToro both support Klarna Pay by Bank in Germany, Austria, the Netherlands, Belgium, Sweden, Finland, and Spain *(Paybis, 2025)*. Bitvavo, a Netherlands-regulated exchange, also accepts Klarna EUR deposits and is widely used by Dutch and Belgian users.

Step 2: Create an account and verify your identity

Register on your chosen exchange and complete KYC (know your customer) verification. EU-regulated platforms require a government-issued ID and sometimes proof of address. Verification typically takes a few minutes to a few hours, depending on the platform.

Step 3: Go to the deposit section and select Klarna

In your account dashboard, navigate to the deposit or funding section. Choose EUR as the currency and select "Klarna" or "Sofort" from the list of payment methods. Enter the amount you want to deposit. The minimum is €10 and the maximum is €5,000 per transaction *(Paybis, 2025)*.

Step 4: Authorise the payment via your bank

Klarna redirects you to a secure login for your online bank. Select your bank, log in, and authorise the transfer. Klarna does not store your banking credentials. Funds typically reach your exchange account within minutes.

Step 5: Buy your cryptocurrency

Once the deposit is confirmed in your exchange account, navigate to the buy or trade section. Select the cryptocurrency you want, such as Bitcoin, Ethereum, or other available assets. Enter the amount and confirm the order.

Fees, Limits, and Availability

Klarna Pay by Bank does not charge a separate fee for the deposit itself. The exchange may apply its own deposit processing fee, typically shown at checkout before you confirm. Trading fees vary by platform and are not set by Klarna.

Limits: Minimum deposit €10, maximum €5,000 per transaction *(Paybis, 2025)*.

Supported countries: Germany, Austria, the Netherlands, Belgium, Sweden, Finland, and Spain are confirmed for Klarna crypto deposits *(Paybis, 2025)*. eToro additionally accepts Klarna from Italy and Poland.