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Buy Crypto in Switzerland

Buy Crypto in Switzerland

Adrian Graham
Fact Checked
Jan 2, 2023

Buying Cryptocurrencies like Bitcoin in Switzerland is much easier than many new investors think, and can be done safely within minutes. This is thanks to the many safe and regulated exchanges that operate in Europe and are licensed to trade out of Switzerland.

Overall, the best way to buy Bitcoin and Crypto in Switzerland is through a Swiss Financial Market Supervisory Authority 'FINMA' regulated digital asset exchange. The list below are the 3 best trading platforms that are licensed by FINMA.

  1. Uphold - Overall Best on Features, Security & Fees
  2. eToro - Good Alternative to Uphold
  3. Bybit - Best for Leverage & Futures Trading

The criteria in determining the 3 best exchanges to buy Bitcoin in Switzerland was based on factors which include available assets, trading fees, staking features and security.

Best Exchange in Switzerland - Uphold 🏆

  • Fast and cheap Swiss Franc (CHF) or Euro deposits and low fees.
  • Trade 220+ Cryptocurrencies and a wide variety of Stocks, ETFs, Commodities and other assets.
  • Regulated in Switzerland & Europe with over 10 million users.

Is Crypto Legal in Switzerland?

In Switzerland, the Swiss Federal Tax Administration (SFTA) has announced that they classify digital assets as property for the purposes of taxation. This means the cryptocurrencies like Bitcoin, Ethereum and Solana are subject to standard Swiss wealth, income and capital gains taxes.

Ultimately, this means that it is completely legal to buy, sell, trade and hold cryptocurrencies as a resident of Switzerland.

How to Buy Crypto in Switzerland

The best method to invest in Cryptocurrencies like Bitcoin and Ethereum in Switzerland is through a trusted digital asset trading platform. Our research team recommend Uphold because they offer cheap EUR or CHF deposits and thousands of assets to buy and sell.

You can get started with the simple guide outlined below:

  1. Sign up to the Uphold exchange with your email and complete the verification process.
  2. Connect your Swiss Bank account or Credit/Debit Card to Uphold by selecting the fiat currency (e.g CHF) you want to deposit on your dashboard.
  3. You can then select the 'connect bank' button to link your bank account to the platform and deposit funds.
  4. Find the cryptocurrency you want to purchase and execute your trade.
Deposit CHF to buy Crypto.
Deposit CHF to buy Crypto.

Best Crypto Exchanges in Switzerland

To help you get started on your crypto journey, we have put together high-level overviews of the best 3 cryptocurrency exchanges available to users in Switzerland. All platforms on this list are licensed, regulated and available to Swiss digital asset investors.

#1 Uphold - Best Overall Exchange in Switzerland

Uphold is one of the world's largest multi-asset broker's that offers over 220 cryptocurrencies and a wide variety of stocks, ETFs, metals and other assets. The platform is licensed and regulated in Europe by the Financial Conduct Authority (FCA) and FINMA, and offer fast and cheap Swiss Franc (CHF) deposits for investors in Switzerland.

The platform is widely regarded for its usability, low fees and staking features which enables customers to safely earn up to 20% APY on assets.  Uphold’s Exchange Services also allows customers to easily convert one asset into another at the click of a button. For example, you can exchange dollars into euros or even crypto into gold. Uphold has been praised by many respected financial industry experts for its commitment to keeping traditional banking services open and accessible to all.

Pros

  • Widest variety of assets (220+ Cryptos)
  • Zero fees and tight spreads on assets
  • Licensed by FCA, FINMA & FinCEN
  • Diverse cryptocurrency staking features

Cons

  • Spreads can get wide
  • Only offers 70 cryptocurrencies
Visit Uphold Switzerland

#2 eToro Switzerland

eToro Switzerland is a licensed and regulated online broker, offering a wide range of asset classes and investment products to Swiss investors. eToro is one of the world’s leading social trading platforms, with over 10 million registered users in 140 countries.

The platform offers investors the ability to invest in a variety of assets, including stocks, commodities, currencies, ETFs, and indices. eToro also offers a unique social trading platform, which allows investors to copy the trades of other successful investors on the eToro network.

eToro is licensed by the Swiss Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.

Pros

  • Regulated and trusted online broker
  • Offers multiple asset classes
  • 0.5% Fees on trading
  • Sleek and easy to use app

Cons

  • Spreads can get wide
  • Only offers 70 cryptocurrencies
Visit eToro Switzerland

#3 Bybit

Bybit is a cryptocurrency derivatives exchange that offers BTC/USD and ETH/USD perpetual contracts with up to 100x leverage. The company is headquartered in Singapore and was founded in March 2018.The Bybit team consists of industry veterans who have worked at companies such as Amazon, Goldman Sachs, Morgan Stanley, and Facebook.

The Bybit platform is designed for institutional and professional traders. It offers a variety of features such as low latency, high-speed order execution, advanced order types, and 24/7 customer support. Bybit has gained popularity among traders due to its user-friendly interface, competitive fees, and growing NFT Marketplace.

Pros

  • 100x Leverage on Crypto.
  • Deep liquidity for derivatives and options.
  • No KYC is required.

Cons

  • Customer support is slow
Visit Bybit

How to invest in Bitcoin with OTC in Switzerland

If you are a high-net worth investor looking to invest over $500,000 USD equivalent in Swiss Francs (CHF) - we would recommend the Bybit OTC Desk. They are the premier OTC Desk for institutional investors in the United States, Europe and throughout Asia and Oceania.

The FTX OTC Desk provides instant access to quotes for over 50 different digital currencies with their white-glove service and elite team of account executives.

Bitcoin Wallets in Switzerland

If you are new to investing in cryptocurrency, we recommend you use the secure managed wallets on the regulated cryptocurrency exchange you decide to buy Cryptocurrency. Because Digital Asset providers are regulated in Switzerland, all assets are held within secure custody that passes a threshold test set down by regulators.

The Swiss Government and Crypto

Switzerland has been a hotbed for cryptocurrency and blockchain activity in recent years. The country is home to a number of well-known companies in the space, including Ethereum, ShapeShift, and Xapo.

The Swiss government has been supportive of cryptocurrency and blockchain technology. In 2016, the Swiss Financial Market Supervisory Authority (FINMA) published guidelines on how it would treat cryptocurrencies. The guidelines clarified that blockchain tokens can be classified as assets, meaning that they are subject to securities laws.

In 2018, the Swiss canton of Zug began accepting Bitcoin (BTC) for tax payments. The city of Zug has also been experimenting with a digital ID system based on blockchain technology. There is also a foundation called The Swiss Cryptocurrency Association (SVCA) is a non-profit organization that promotes the development of the cryptocurrency and blockchain industry in Switzerland.

Final Thoughts

Switzerland has been a hub for cryptocurrency and blockchain activity in recent years. The Swiss government is supportive of these technologies, and there are a number of regulated exchanges and custodial services that make it easy to buy, sell, and store cryptocurrency in Switzerland. For those looking to invest large sums of money in cryptocurrency, the Bybit OTC Desk is a great option.

Additionally, there are a number of secure wallet options available that make it easy to store your digital assets. All in all, Switzerland is an ideal place for cryptocurrency investors who want to take advantage of the many benefits that this technology has to offer.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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