Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

safello review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Safello suits people who want a simple mobile crypto wallet and do not mind the exchange paying less on every trade. It is a custodial cex run in Sweden as Safello AB, founded in 2013, with taker fees of 0.19% to 3.49% on the standard exchange.

Key facts

Best for
A phone based custodial crypto wallet with clear trade fees and no monthly account charge.
Taker fee
0.19% to 3.49%↗
Regulators
Finansinspektionen (Swedish Financial Supervisory Authority), Finansinspektionen (Swedish FSA), MiCA licence, Finansinspektionen↗
Maker fee
0.4%↗
Withdrawal fee
Network-dependent: 0.00025 BTC, 0.008 ETH, 0.13 SOL, 10 USDC↗
Exchange type
Cex↗
Legal entity
Safello AB↗
Headquarters
Sweden↗
Founded
2013↗
Support channels
Help-centre, Community↗
Features
Custodial
Official website
safello.com

Crypto wallets

Wallet type
Mobile↗
Custody
Custodial↗
Secure element
Fireblocks MPC↗

Facts checked September 26, 2026, 4 sources

Apps and profiles

Elsewhere
WikidataXLinkedInyoutube.com

Pros and cons

Pros

  • Taker fees of 0.19% to 3.49% and a maker fee of 0.4%, cheaper than the 1% taker fee at eToro
  • Regulated by Finansinspektionen in Sweden and holding a MiCA licence as a crypto asset service provider
  • Coin custody is custodial, with keys protected by Fireblocks MPC

Cons

  • Custody is custodial, so Safello holds the keys rather than the user
  • Withdrawal charges are Network-dependent: 0.00025 BTC, 0.008 ETH, 0.13 SOL, 10 USDC depending on the network
  • Support runs on help centre and community only, with no live chat listed
safello

Ready to try safello?

Scored 9.1 / 10 by SumCue.

See alternatives

Who it suits

  • People who want to buy and hold crypto from a phone rather than a desktop exchange
  • Swedes and European customers who prefer a provider supervised by Finansinspektionen
  • Traders who care most about the maker fee of 0.4% and the lower end of 0.19% to 3.49%

Who should look elsewhere

  • Anyone who wants to keep their own keys, since custody is custodial
  • eToro users after a lower headline rate on a wider coin list, where taker fees are 1%
  • Vivid Plus customers who want crypto earn alongside a bank account rather than 0.19% to 3.49% exchange trades

How safello compares

Where safello is available

Available
Sweden
Licence in Sweden
Finansinspektionen (Swedish Financial Supervisory Authority), checked September 26, 2026
Licence in Sweden
Finansinspektionen (Swedish FSA), MiCA licence, checked September 26, 2026
Licence in Sweden
Finansinspektionen (MiCA CASP 894500QKMN1PCG2V7U40), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What are Safello's trading fees?+

Trading costs a taker fee of 0.19% to 3.49% and a maker fee of 0.4% on the standard exchange. That is below the 1% taker fee charged by eToro. The maker fee applies when you add liquidity, and the taker fee when you take it off again.

Is Safello regulated?+

Safello is supervised by Finansinspektionen, the Swedish Financial Supervisory Authority, and holds a MiCA licence as a crypto asset service provider. The entity behind the service is Safello AB, based in Sweden. It has traded since 2013.

Does Safello hold my crypto?+

Yes, custody is custodial, so Safello holds the coins on your behalf rather than leaving them with you. Private keys are secured with Fireblocks MPC. Anyone who wants control of their own keys would need a self custody setup instead.

What does Safello charge to withdraw?+

Withdrawal charges are Network-dependent: 0.00025 BTC, 0.008 ETH, 0.13 SOL, 10 USDC, so the cost depends on which network you send over. Using a slower chain keeps the charge down at the cost of a longer wait. Fees apply on the way out only, not on the trade itself.

What kind of account is Safello?+

Safello is a cex rather than a decentralised venue, and the wallet is mobile, so it is built around a phone app. Custody is custodial, which keeps the account simple for beginners and unsuited to anyone wanting their own keys.

How does Safello compare with eToro on cost?+

Safello's taker fee is 0.19% to 3.49% and its maker fee is 0.4%, against a taker fee of 1% at eToro. That makes Safello the cheaper side of a trade, though eToro lists far more coins. Trading less often reduces the difference.

What support does Safello offer?+

Support runs on help centre and community. The help centre covers the routine questions, and the community handles the rest. There is no live chat or phone line listed, which can be awkward when a withdrawal is stuck.

Is Safello a good fit for a beginner?+

The mobile wallet and custodial setup remove the need to write down a seed phrase, which suits a first account. The maker fee of 0.4% keeps frequent trading cheaper. The trade off is that you do not control the keys yourself.

Sources

  • esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “ae_homeMemberState=SE”

  • safello.com checked September 26, 2026

    Backs: Exchange type, Founded, Regulators, Support channels, Wallet type

    “Safello is Sweden's leading online cryptocurrency brokerage and has been paving the way for crypto adoption since 2013 ... a secure way to buy, sell and store crypto”

  • safello.com/fees checked September 26, 2026

    Backs: Maker fee, Taker fee, Withdrawal fee

    “Order book trading ... Limit order 0.4 %”

  • safello.com/legal/custody checked September 26, 2026

    Backs: Custody, Secure element

    “Safello acts as a custodian wallet provider, where the private keys to the wallet are held by, and hence controlled by, Safello.”

  • safello.com/private/wallet checked September 26, 2026

    Backs: Features

    “we use Fireblock's world-leading wallet technology to keep your crypto in safe custody”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Coins listed, Fiat deposit methods.

safello

safello

A phone based custodial crypto wallet with clear trade fees and no monthly account charge.

9.1/10See alternatives