Can you buy Crypto with Swiss Francs (CHF)?
Yes, but the number of exchanges that accept Swiss Francs is limited as it is not a major fiat currency. However, most major crypto exchanges like Uphold, Bybit, Binance and Coinbase do support the currency. The best way to buy crypto with CHF is through the Uphold investing platform.
Uphold is a leading crypto trading platform in Europe with over 10 million users in 150 countries. It's one of the few digital-asset exchanges that provide audited proof-of-reserves that shows customer funds are backed 1:1. To learn more about this platform, visit our detailed Uphold Review.
How to buy Crypto with CHF
As outlined abouve, the easiest and most secure way to buy cryptocurrencies like Bitcoin with Swiss Francs is through the Uphold platform. On Uphold, Swiss investors can deposit Swiss Francs via Credit Card, Debit Card, Bank Transfer, SEPA, Google Pay or Apple Pay.
Follow the below steps to buy Bitcoin with Swiss Francs.
- Open a free account on Uphold and complete the verification process.
- Connect your bank account or card to Uphold by clicking the 'CHF' button.
- Click the 'connect bank' button to link your account to Uphold.
- Select the cryptocurrency you want to buy and execute your trade.
It is legal to buy cryptocurrencies in Switzerland?
Switzerland has been a leader in the cryptocurrency space since the early days of Bitcoin. The country has often been referred to as a "crypto nation" due to its permissive attitude towards digital assets and blockchain technology. In 2018, the Swiss government released a report that outlined its approach to cryptocurrencies and blockchain technology.
The report acknowledged the potential of these innovative technologies and stated that the government would take a hands-off approach in their development. This policy appears to be working, as Switzerland is home to numerous cryptocurrency and blockchain startups. These companies have been able to thrive in the supportive environment created by the Swiss government.
Is it expensive to buy Crypto with Swiss Francs?
Both Crypto and Fiat deposits are free on Uphold, except card deposits, which are 3.99%. Crypto withdrawals are $2.99 and bank transfer withdrawals are $3.99. Trading fees vary depending on the asset and are between 0.65% - 1.95%. Refer to the below photo for a quick break down of Upholds Fees.
In conclusion, while the number of exchanges accepting Swiss Francs for crypto investments may be limited, major platforms like Uphold, Binance, Bybit, and Coinbase do support the currency. Among these, Uphold is the most secure and reliable platform offering audited proof-of-reserves and a wide range of investment options. It is legal to buy cryptocurrencies in Switzerland, and the country has a permissive attitude towards digital assets and blockchain technology. Crypto and fiat deposits are generally free on Uphold, except for card deposits, which carry a 3.99% fee, and trading fees vary between 0.65% - 1.95%.