Best Crypto Exchanges in Switzerland

Best Crypto Exchanges in Switzerland

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March 17, 2023
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Summary: For safe transactions involving digital assets in Switzerland, individuals are required to use a licensed and regulated cryptocurrency exchange. By depositing Swiss Francs (CHF) into a secure trading platform, investors can conveniently buy, sell, and store their crypto assets.

Our team of experts has assessed more than 20 digital asset exchanges within the country and pinpointed the top five based on factors such as features, regulatory adherence, asset availability, fees, and more.  Here is a brief overview of the Top Five Cryptocurrency Exchanges in Switzerland.

  1. Uphold - Best Overall Exchange in Switzerland
  2. Bybit - Best Exchange for Derivatives Trading
  3. OKX - Best DeFi & NFT Crypto Exchange
  4. Bitpanda - Best for Multi-Asset Investing
  5. Binance - Best Global Cryptocurrency Exchange
Table of Contents

Best Crypto Exchange in Switzerland - Uphold

Platform Highlights

  • Buy and sell over 250 Cryptocurrencies with zero trading fees.
  • Licensed and regulated in Europe and available in all countries in the continent.
  • Trusted by over 10 million retail and institutional investors.
Best Crypto Exchange in Switzerland
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Audited Proof of Reserves
Audited Proof of Reserves

Top Crypto Trading Platforms in Switzerland

‍Identifying the top Cryptocurrency exchanges in Switzerland is challenging, but our team has created a straightforward method to simplify the process. This method includes comparing each platforms features, fees, security, customer support options and more. After thoroughly analyzing several trading platforms in Switzerland, we have compiled a list of the Five Best Crypto Exchanges in Switzerland.

1. Uphold

Uphold, established in 2014, is the top cryptocurrency exchange in Switzerland. Its impressive selection of cryptocurrencies includes well-known coins such as Bitcoin, Ethereum, Solana, and 250 other crypto assets. Uphold also provides traditional investment products like commodities that can be traded directly on the platform.

We regard Uphold as Switzerland's best cryptocurrency exchange due to its asset transparency and regular auditing, which demonstrates a 1:1 holding of customer funds. Furthermore, there are no deposit, withdrawal, or trading fees, making it a highly cost-effective choice for Swiss investors. Additionally, Uphold provides free and instant Swiss Francs (CHF) deposits for Swiss residents.

Uphold - Best Overall Exchange in Switzerland.
Uphold - Best Overall Exchange in Switzerland.

2. Bybit

Bybit is a Non-KYC Crypto exchange which means it does not require you to verify your identity in order to trade Cryptocurrency. This makes it a great option for investors who prioritise anonymity and privacy. Bybit is well known for its derivatives trading platform that allows users to open a position with over 100x leverage. Additionally, it offers spot, margin and options trading.

Our team chose Bybit as next best platform as it is a global exchange that offers over 30 languages including Swiss and offer 24/7 Swiss-speaking customer support. Investors in Switzerland can deposit CHF to Bybit for free and trade over 400 Cryptocurrencies, stake over 200 tokens, borrow and lend over 250 Cryptos.

Bybit - Best Exchange for Derivatives Trading.
Bybit - Best Exchange for Derivatives Trading.

3. OKX

OKX is another global Crypto exchange that offers services to Swiss investors. This platform is well-known to be the hub for all DeFi related products. OKX has its own network, OKX Chain, its own native utility token, OKB, a Crypto wallet, OKX Wallet and its an NFT marketplace. In addition to its DeFi products, it also offers several exchange related features such as trading and staking services.

We have picked OKX as the third-best option for Swiss investors as it's a feature-rich platform that accepts CHF depsoits. Unfortunately, the exchange cannot be used in Swiss and OKX does not offer 24/7 Swiss-speaking customer supports. However, it does offer over 350 Cryptocurrencies and provides multiple staking options, aswell as Crypto loans and card.

OKX - Best DeFi & NFT Crypto Exchange.
OKX - Best DeFi & NFT Crypto Exchange.

4. Bitpanda

Bitpanda is an Austrian based Crypto exchange and is commonly referred to as one of the most popular platforms in Europe. In addition to Cryptocurrencies, it also offers other asset classes including commodities and fiat currencies. It is a highly secure exchange that is both regulated and licensed in Europe by multiple regulatory governments such as MiFID II, E-Money and PSD II.

It has been selected as the third-best option in Switzerland as it is a regulated European exchange. Bitpanda can be used in Swiss and also offers 24/7 Swiss-speaking customer service. Additionally, it offers a wide variety of features which includes trading and staking products. Its customers can also spend a variety of tokens with the Bitpanda Crypto Card.

Bitpanda - Best for Multi-Asset Investing.
Bitpanda - Best for Multi-Asset Investing.

5. Binance

Binance is the largest Cryptocurrency exchange in the world with over 120 million users in 100+ countries including Switzerland. The platform can be used in Swiss but does not provide Swiss-speaking support. Binance offers a variety of services and products including several trading types (spot, futures, options and margin), six staking options, Crypto loans, a Crypto card and more.

Our expert team chose Binance as the fifth option for Swiss investors. It supports multiple CHF deposit methods, it can be used in Swiss and offers a large suite of features. We recommend using Binance for customers who want access to a wide variety of tokens with low fees and an easy to navigate UI.

Binance - Best Global Cryptocurrency Exchange.
Binance - Best Global Cryptocurrency Exchange.

Is Cryptocurrency Regulated in Switzerland?

Switzerland has been one of the leading nations globally in terms of Crypto regulation and adoption. In general, Cryptocurrencies are viewed as legal assets in Switzerland, with the Swiss government recognizing them as a means of payment for goods and services. However, it also recognizes the potential risks associated with Crypto, and has taken steps to regulate the industry to protect investors.

Cryptocurrency regulation in Switzerland is primarily overseen by the Swiss Financial Market Supervisory Authority (FINMA), which is responsible for enforcing laws related to financial markets and institutions. FINMA requires Cryptocurrency companies to comply with anti-money laundering, similar to those required of traditional financial institutions.

Final Thoughts

In conclusion, to ensure secure transactions involving digital assets in Switzerland, it is crucial to use a licensed and regulated cryptocurrency exchange. After carefully examining more than 20 digital asset exchanges in the country, our expert team has identified the top five platforms: Uphold, Bybit, OKX, Bitpanda, and Binance. Each platform offers distinct features and advantages, catering to different investor preferences.

While Uphold stands out for its overall performance and cost-effectiveness, Bybit, OKX, Bitpanda, and Binance excel in derivatives trading, DeFi & NFT offerings, multi-asset investing, and global reach, respectively. As Switzerland is one of the leading nations in cryptocurrency regulation and adoption, investors can confidently explore these platforms and make well-informed decisions based on their individual needs.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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