Do I pay tax when I sell crypto?

Generally yes — gains on a sale are typically taxable in Denmark, and losses are deductible. Penning documents every sale SKAT-ready but does not provide tax advice. See our crypto-tax page and contact SKAT or an accountant.

Can I transfer crypto to Penning and sell it here?

Yes — supported assets can be transferred into your Penning account and sold from there. Incoming transfers are AML-screened as part of our obligations as a regulated CASP.

What does selling cost?

The fee is always shown before you confirm the trade — no monthly fees and no hidden spreads. DKK withdrawal via a Danish bank means no FX detours.

Denmark based CASP4.8/5

Sell crypto in Denmark — kroner straight to your bank

You can sell Bitcoin and 190+ other crypto assets on Penning, Denmark’s first MiCA-licensed crypto platform, and withdraw the proceeds in DKK or EUR to your bank. The fee is shown before you confirm, every sale is documented SKAT-ready, and client funds sit in segregated client accounts at a Danish bank.

Selling crypto is where your counterparty really matters: the money has to land in your bank account, and the paperwork has to hold up with the Danish tax authority. Penning settles in DKK or EUR via Danish banking — no FX detours — and every trade comes with an accounting-ready record.

How selling works

Sign in — or open an account with MitID

If your assets are already on Penning, you are ready. Coming from elsewhere, supported assets can be transferred into your account (AML screening applies).

Sell at the quoted price

You see the price and the full fee before you confirm. No hidden spreads — the amount you see is the amount you get.

Withdraw in DKK or EUR

Transfer the proceeds to your own bank account via Danish transfer or SEPA. Every sale is documented with gains and losses calculated.

Why sell on a regulated platform?

When you sell, you are exposed to the platform until the money reaches your account. Penning is Denmark’s first CASP under MiCA, supervised by the Danish FSA (FTID 10902), and client funds are held segregated from the firm’s own funds. That is the difference between a register you can look up — and a promise.

Settlement is in DKK or EUR via Danish banking. You avoid FX detours through foreign accounts, and you know upfront what the trade costs.

Selling and tax: the paperwork comes with it

Selling crypto can trigger tax in Denmark — gains are generally taxable and losses deductible. Penning calculates gains and losses per trade and gives you a SKAT-ready export of your full history, so the basis for your filing is already done.

Penning provides documentation, not tax advice — contact the Danish Tax Agency or an accountant about your specific situation.

Selling crypto — frequently asked questions

FAQ

The sale settles immediately on your Penning account. Withdrawals to your bank follow normal transfer times — typically within one business day in Denmark, and via SEPA across the EU.

What clients are saying

Testimonials

See all on Trustpilot

Excellent support and an easy-to-use platform! The phone is always answered quickly, or they call back shortly after if you have any questions. Just a few hours from fiat in your traditional bank to crypto in your own wallet.

Ulrik Bruhn

October 21, 2025