Safello is an online cryptocurrency broker with the goal of making cryptocurrencies accessible to everyone. The company was established in 2013 by Frank Schuil.

They offer a so-called crypto subscription, a monthly savings service for cryptocurrencies where users easily can make automatic recurring purchases of bitcoin or ether.

Safello supports direct payments in 32 countries and payment methods such as Swish, Bankgiro, SEPA, and international transfers. Safello also operates in all the Nordic countries, except Iceland, because crypto trading is forbidden there under the local Foreign Exchange Act.

Safello operates in Sweden and has been registered as a financial institution with the Swedish Financial Supervisory Authority Finansinspektionen since 2013 and listed on Nasdaq First North since 2021.

Conclusion

We could not find any complaints around the company but Due to the current tense crypto industry, we downgrade all crypto companies to ORANGE for an undetermined period of time.