Danish Krone Goes Local: Faster DKK Deposits and Withdrawals on SwissBorg
Dan Stokes
Community Growth
Danish users get their own DKK vIBAN, so funding your account in krone is now a local transfer rather than an international one.
Until now, moving Danish krone into SwissBorg meant sending an international SWIFT transfer. It worked, but it came with extra steps, costs, and often waiting time before your money arrived.
That changes now. SwissBorg is upgrading DKK payments for Danish users with local rails, settled through TIPS. Deposits and withdrawals in krone now move over Denmark's own payment infrastructure, so getting money in and out of your account feels like any other domestic bank transfer.
Local DKK Deposits and Withdrawals for Danish Users
- Your own DKK vIBAN: a dedicated account number in your name, used to send krone to your SwissBorg account.
- Local deposits and withdrawals: DKK moves over local rails instead of international SWIFT transfers.
- SWIFT still available: where a local transfer is not possible, SWIFT remains an option.
What Is TIPS?
TIPS (TARGET Instant Payment Settlement) is the Eurosystem's platform for settling instant payments in central bank money. It runs around the clock, every day of the year.
In April 2025, Danmarks Nationalbank moved instant payments in Danish krone onto TIPS, making Denmark the second country outside the euro area to use the platform, after Sweden. That is the infrastructure your DKK transfers to and from SwissBorg now use.
Why Local Transfers Beat SWIFT for DKK
- Faster settlement: a local transfer avoids the longer route an international SWIFT payment can take.
- Fewer intermediaries: no correspondent banks along the way, so fewer hands in the process and fewer intermediary costs.
- Smaller, more frequent deposits make sense: when moving money is quick and simple, topping up little and often becomes practical. That suits a regular habit such as Auto-Invest.
SwissBorg does not charge fees for receiving bank deposits. Your own bank may apply its usual charges for sending a transfer.
Buy Crypto with DKK: 400+ Assets in One Tap
Once your krone arrives, you can exchange DKK directly into any of our 400+ supported crypto assets in a single tap. The SwissBorg Meta-Exchange Smart Engine routes each trade across our 40+ connected markets to seek the best available price, so there is no need to convert into euros or dollars first when you want to invest.
How to Deposit DKK With Your vIBAN
- Open the SwissBorg app and go to the Portfolio tab.
- Tap Deposit and choose DKK and Local to see your personal vIBAN.
- Send krone from a Danish bank account in your own name to that vIBAN.
How to Withdraw DKK to Your Danish Account
- Open your DKK balance in the Portfolio tab.
- Tap Withdraw.
- Select DK Bank (Danish).
- Enter your bank registration number and account number.
DKK Local Transfers FAQ
A vIBAN (virtual IBAN) is a dedicated account number issued in your name. Any krone you send to it is credited to your SwissBorg account, so you no longer need to use international SWIFT details for DKK.
Local DKK deposits and withdrawals are available to Danish users.
Local transfers settle through TIPS, which processes instant payments, typically within seconds, around the clock.
Yes. SWIFT remains available where a local DKK transfer is not possible.
No. If your bank supports local transfers, your withdrawal will use local rails. You do not choose the withdrawal method: the app automatically selects the best option for you.
SwissBorg does not charge fees for receiving bank deposits. Your bank may apply its own charges for sending the transfer.
Yes. Exchange your crypto into DKK in the app and withdraw it to a Danish bank account in your own name over local rails.
You can exchange DKK directly into any of our 400+ supported crypto assets in a single tap.
Deposit DKK to your personal vIBAN from your Danish bank account, then open the Exchange tab, choose the crypto asset you want and pay with DKK. You can choose from 400+ supported crypto assets, with no need to convert into euros first.
Yes. SwissBorg is available in Denmark, as our MiCA authorisation is passported to all EEA countries. Danish users can also deposit and withdraw DKK locally through their own vIBAN.
For an overview of every currency and payment method we support, see Making Fiat Deposits Effortless with SwissBorg's Multi-Currency Rails.
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Crypto assets are highly volatile. You risk losing all invested capital. This article is for informational purposes only and is not financial advice. You can learn more about the risks associated with crypto assets on our List of Risks page.
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