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Trade Bitcoin / Swedish Krona - BTC/SEK CFD

1m
5m
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1H
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1D
1W

Trader sentiment

% Buyers % Sellers
  • Long position overnight fee -0.0500%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($-0.50) -0.0500 %
  • Short position overnight fee 0.0140%
    Margin $1,000.00
    Overnight feeCharges from borrowed part ($0.14) 0.0140 %
  • Overnight fee time 22:00 (UTC)
  • Min traded quantity 0.01
  • Currency SEK
  • Margin 50%
  • Trading hours (UTC)
    Mon - Thu: 00:00 - 22:00
    22:05 - 00:00
    Fri: 00:00 - 22:00
    Sun: 22:05 - 00:00
  • Commission on trade 0%

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Traders

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Active clients monthly

$0+

Monthly investing volume

$0+

Withdrawn each month

Bitcoin to Swedish krona: trade BTC to SEK pair and track its real-time price.

The Bitcoin to Swedish krona pair features BTC as the base cryptocurrency along with SEK, Sweden’s official currency, as the counter currency, both of which are strong currencies in their respective markets.

Also known as the Swedish crown, the Swedish krona is a strong European currency that is among the 10 most traded currencies in the world. The krona has gained credibility in the global markets due to Sweden’s political and economic stability and this contributes to make SEK an interesting counter currency for the cryptocurrency king, Bitcoin.

The BTC to SEK pair enjoys a decent trading volume as both currencies are robust enough to attract the interest of both institutional and retail investors and the market is liquid enough to maintain spreads within a decent range.

As a result, traders who engage in BTC/SEK transactions can conduct their operations at a lower cost compared to other less traded pairs due to the reduced spread resulting from a higher trading volume.

The price of the BTC to SEK pair is mainly driven by the fundamentals behind each of these currencies, along with certain market conditions. Bitcoin’s fundamentals are mostly related to the demand for the currency which is influenced by its adoption as a suitable payment method and investment vehicle, while the value of SEK is ultimately influenced by Sweden’s monetary policies and global financial capital inflows and outflows.

Any of these elements could ultimately influence the price of the Bitcoin to Swedish Krona pair and traders can conduct their own technical and fundamental analysis to profit from BTC/SEK price swings at any given point.

CFDs are used by traders to take long or short positions on BTC/SEK, with the possibility of boosting the results of their operations by using leverage.

The introduction of Bitcoin to the global financial stage back in 2009 changed the way people viewed digital currencies, by presenting a strong alternative to regular fiat currencies.

Bitcoin relies on blockchain to guarantee the transparency of the transactions conducted with this cryptocurrency through what’s known as a distributed decentralised ledger that allows third parties to validate any entries made to the ledger to avoid the loss of information or inaccurately recorded transactions.

This cryptocurrency has evolved to become a major player in the investment world, allowing traders and investment managers to diversify their portfolios by using an alternative financial asset such as Bitcoin.

The Swedish krona, on the other hand, is Sweden’s official currency, and it is a strong rival of the Euro due to its independence from the European Central Bank, which allows the Swedish government to make their own monetary policy decisions.

So far in 2020, the Swedish krona has lost some ground against the US dollar but it has appreciated in value vs. the euro, possibly as a side effect of Brexit.

Capital.com provides a real-time price chart of the BTC to SEK pair and traders can enter both long or short positions by using our CFDs to profit from BTC/SEK directional price swings.

 


Bitcoin / Swedish Krona (BTC/SEK) is up 0.73% on Tuesday: What You Should Know

Bitcoin / Swedish Krona (BTC/SEK) stock is up 0.73% in the last day. For details on what happened in the market, see our analysis.

08:55, 26 January 2022 Learn more about

Trade cryptocurrencies with leverage

Cryptos are available to trade with up to 2:1 leverage. Start trading with as little as $100 to control a position of $200

Crypto CFD’s

  • Trade 24/7 on a wide range of cryptos

  • Buy and sell cryptos to take advantage of rises and falls in price

  • No need to setup crypto wallets and private keys

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

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