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.
Best Exchanges to buy Crypto in Swtizerland
- eToro - Overall Best on Features, Fees & Security
- FTX - Best for Institutional Investors
- Bybit - Best for Leverage 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 overall trading platform in Switzerland.
- Cheap CHF and EUR deposits and zero trading fees.
- 70 cryptocurrencies and 7,000+ stocks, ETFs and more.
78% of retail CFD accounts lose money.
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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 Cryptocurrencies 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 eToro 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:
- Create an Account: Register an account with eToro and verify your personal or company identification details.
- Deposit Fiat: Deposit Swiss Francs or Euros from any bank account in Switzerland, Europe, the United Kingdom or United States.
- Find Crypto: Find the crypto asset you want to buy on the eToro discover page.
- Execute Trade: Input the amount you want to buy and execute your trade.
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.
- Widest variety of assets
- Zero fees on crypto and stock trading
- Sleek and easy to use app
- Lowest fees at 0 commissions
- Spreads can get wide
- Only offers 70 cryptocurrencies
FTX is a cryptocurrency derivatives trading platform founded in 2019 by Sam Bankman-Fried, the CEO of Alameda Research. FTX offers perpetual contracts and futures on a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, EOS, Tron, and XRP. The company also offers Leveraged Tokens which provide 3x exposure to the underlying asset.
The company has raised $8 million in seed funding from investors including Polychain Capital, Galaxy Digital, and BlockTower Capital. In 2019, FTX was the exclusive derivatives sponsor for the Consensus conference. FTX is headquartered in Singapore with offices in San Francisco and Hong Kong.
FTX is one of the few exchanges that allow users to short Bitcoin, and has become popular with traders who are bearish on the cryptocurrency. The exchange also offers a variety of novel products including the BULL and BEAR tokens which track the performance of the S&P 500 index.
- Great for institutional investors
- Deep liquidity and low fees
- OTC Desk for large orders
- Complicated user interface
- Customer support is slow
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.
- 100x Leverage on Crypto.
- Deep liquidity for derivatives and options.
- No KYC is required.
- Customer support is slow
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.