Summary: Swissquote does offer cryptocurrency trading for over 34 coins, however, they charge high fees starting at 1% per trade. The price spreads on Swissquote are also 1%, which means investors pay up to 2% to execute a trade.
We recommend that Swiss investors use an alternative multi-asset broker like Uphold that offers over 250 for zero commissions. Their platform is licensed and regulated in Switzerland and offer fast and cheap Euro (EUR) or Swiss Franc (CHF) deposits.
- Trade over 220 Cryptos with fast and cheap deposits in Euros (EUR) or Swiss Frances (CHF).
- Regulated and Licensed by CySEC, the FCA, FinCEN and has audited Proof-of-Reserves for customer funds.
- Offers multiple asset classes including Crypto (and crypto staking), Stocks, ETFs, Metals and more.
Can I buy Crypto with Swissquote?
Yes, you can buy Crypto with a Swissquote brokerage account. Their platform offers 34 major digital assets including Bitcoin, Ethereum, Solana, NEAR, UniSwap, Avalanche, and many others. Swissquote also provides investors with exposure to the real underlying crypto asset, which means you can withdraw it onto your personal wallet at any time.
One of the main disadvantages of Swissquote is their expensive fees and unclear spreads. As of the time of writing, Swissquote charges a 1% flat fee on all trades under 10,000 CHF in value. Their fee then scales down to 0.75% for trades between 10,000 - 49,000, then 0.5% for trades over 50,000 CHF in value.
How to buy Crypto with a Swissquote Alternative?
The best alternative to buy cryptocurrencies in Switzerland is the Uphold multi-asset brokerage. With over 250 different digital assets available and zero trade commissions, Uphold is one of the most affordable ways to get exposure to the crypto markets. They are a regulated broker by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC).
You can get started with this Swissquote alternative in 4 easy steps.
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (EUR, CHF+ 30 more).
- Deposit Funds: Connect your Swiss or European bank account to quickly deposit your selected fiat currency.
- Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Swissquote Crypto Staking
As of September 2021, Swissquote has launched a new service called Crypto Staking. This allows their clients to earn interest on their digital assets by simply holding them in a Swissquote account.
The annual rates for staking are currently up to 13% for some assets like Polkadot (DOT) and Tezos (XTZ). This is a great way to passively earn income on your digital holdings without having to do anything other than just holding them in your account.
What is Swissquote?
Swissquote is a leading online banking and brokerage firm in Switzerland. The company was founded in 1996, and today it has over 4,000 employees spread across its offices in Zurich, Bern, Geneva, Dubai, Luxembourg, Singapore, and London. Swissquote provides a wide range of services to individuals and institutional clients, including online banking, asset management, trading, and research. Swissquote is a regulated financial institution in Switzerland and is a member of the SIX Swiss Exchange.
Swissquote's online banking platform offers a wide range of features and services, including multi-currency accounts, mobile banking, credit and debit cards, loans, and mortgages. The company's asset management services provide clients with access to a team of dedicated investment professionals who offer tailor-made solutions to meet their specific needs.
Final Thoughts
In conclusion, Swissquote is a reputable brokerage firm in Switzerland that allows its clients to buy and sell over 34 major digital assets, including Bitcoin, Ethereum, and Solana. However, its high fees and unclear spreads may not be suitable for some investors. An alternative option to consider is Uphold, a regulated broker that offers over 250 different digital assets with zero trade commissions.
Additionally, Swissquote has recently launched a Crypto Staking service, allowing clients to earn interest on their digital assets by simply holding them in their account. Swissquote's extensive range of services, including online banking, asset management, and trading, make it a popular choice for both individuals and institutional clients.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
