Cryptocurrencies

by Swissquote

YOUR ADVANTAGES

In the fast-growing world of cryptocurrencies, it would be a pity to limit one's investments to a single one. That is why we are offering you an opportunity to trade simply and easily in the twelve most sought-after currencies on the market.

The safety and security
of a renowed bank

Diversification of your portfolio

The 21 cryptocurrencies in the highest demand

THE SWISSQUOTE EDGE

  • Crypto exchange services: Trade the 21 major cryptocurrencies with low fees and exchange cryptos against fiat currencies
  • Enjoy crypto transfer features: You can transfer XBT & ETH between your Swissquote account and your private external wallet
  • Swiss safety: Enjoy the security of a regulated and listed Swiss bank

MAJOR CRYPTOCURRENCIES

Swissquote offers a total of 21 cryptocurrencies and an infinity of opportunities. Learn more about the benefits of each digital currency available on our platform.

Bitcoin | EtherRipple | Litecoin | Bitcoin Cash | Cardano | Uniswap | Aave | Cosmos | Algorand | Filecoin | Maker | Compound | yearn.finance | Chainlink | Tezos | Stellar | EOS | Ether Classic | 0x | Augur



THE 5 CLASSICS

BITCOIN (XBT)

  • First digital currency, created in 2009 by Satoshi Nakamoto, a month after the Lehman Brothers’ collapse
  • The supply is limited to 21 million coins
  • Key characteristics: anonymous, transparent, decentralized and easy to set up

LITECOIN (LTC)

  • Alternative to Bitcoin but based on the same open source code foundation
  • Designed for micro-payments
  • Litecoin can handle higher volumes of transactions than Bitcoin
  • Takes 2.5 minutes to generate a block in comparison to Bitcoin’s 10 minutes
  • The number of coins in circulation are higher: 84 million, versus 21 million for Bitcoin

ETHEREUM (ETH)

  • Often seen as the “MS Windows” of cryptocurrencies
  • Platform used to develop decentralized applications
  • Its inventor Vitalik Buterin developed the concept of “smart-contracts” which are programs executed on the blockchain
  • Widely used to raise funds for blockchain projects

BITCOIN CASH (BCH)

  • Fork of Bitcoin that was created in August 2017
  • Created to address the Bitcoin scalability problem by increasing the block size
  • Lower transactions fees

RIPPLE (XRP)

  • Both a payment network and a cryptocurrency
  • All the coins are premined
  • Very fast transactions (around 4 seconds) and a scalable network. The network can handle around 1500 transactions per second
  • Very low transactions fees
  • The Ripple network is already used by more than 75 financial institutions across the globe for cross-border payments



7 NEW CRYPTOCURRENCIES JOINED THE FAMILY

Ethereum Classic (ETC)

  • Non-forked version of Ethereum
  • Pillar of smart contracts and decentralized applications

EOS (EOS)

  • Designed to support large applications
  • Aims to abolish transaction fees

Stellar (XLM)

  • Supports the Stellar payment network
  • Low-cost cross-country interbank transfers in less than 5 seconds

Tezos (XTZ)

  • Includes proof-of-stake consensus
  • Baking allows to earn more Tezos for creating and verifying blocks

Augur (REP)

  • Decentralized oracle and prediction platform
  • Allows access to untapped markets

0x (ZRX)

  • Peer-to-peer exchange of ERC-20 tokens
  • Protocol intended to allow Ethereum tokens to be traded cost-effectively from one's own wallet
Transaction amount (CHF equivalent) Fees (%)
5 - 10'000 1%
10'001 - 50'000 0.75%
50'001 - 500'000 0.5%


Cryptocurrency Symbol Deposit fees Withdrawal fees
Bitcoin XBT No fees* USD 10
Ethereum ETH No fees* USD 10

*No fees for deposits equivalent to USD 500 or more. USD 10 flat fee for deposits of lower value.





FAQ - General questions

How can I trade cryptocurrencies?

You can trade cryptocurrencies from your eTrading platform or through the cryptocurrency service in your eBanking portal. You must hold a Swissquote trading account with cash available in EUR and/or USD, as currently cryptocurrencies cannot be traded directly against CHF.

Do I have to pay custody fees?

No, custody fees are not applicable.

Do I have to pay transaction fees?

We’re a fully regulated Swiss bank and offer competitive transaction fees that reduce with the more that you trade. More details can be found on the dedicated pricing section of our website.

What is the minimum transaction amount?

The minimum buy/sell amount for Cryptocurrencies is equivalent to EUR/USD 25

Where do I find the charts?

The performance graph is available on the dedicated Crypto Asset platform under My account > Account overview > Crypto Assets > Trade > Show details.

What is the settlement date of a cryptocurrency?

Settlement is instantaneous.

Which are the Sub-custodians and Liquidity Providers used by Swissquote for Cryptocurrencies?
  • Bitstamp Limited, 5 New Street Square, EC4A 3TW London, United Kingdom (for Ethereum, Litecoin, Ripple and Bitcoin Cash);
  • Bitstamp Europe S.A., 10, Rue Antoine Jans, L-1820 Luxembourg, Luxembourg (for Bitcoin).
  • Coinbase UK, Ltd and CB Payments. Ltd, 5 Fleet Place, EC4M 7RD London, United Kingdom (for EOS, Stellar, ChainLink, Tezos, Ethereum Classic, Augur and 0x ).
What is Swissquote’s current policy in relation to the treatment of Hard Forks and similar events?

While the treatment of Hard Forks and similar events (incl. "airdrops" and other token allocation events) is uncertain from a legal and practical perspective, Swissquote’s current policy in this regard is to make its best efforts to have its concerned clients benefit from such events, the way Swissquote deems appropriate. For more details, please refer to our Policy on Hard forks and similar events and section 12 of our Digital Assets Contract.

Are cryptocurrencies taxable under Swiss Law?

Yes, Swiss taxpayers must declare their digital currencies. Swissquote provides details of your cryptocurrency positions in January of each year to help you declare them correctly. This information can be found in the «Documents» section of your account.





FAQ - Deposit and withdrawals



Can I use Swissquote as a "Wallet" (transfer in/out or make purchases)?

You can transfer XBT or ETH to/from an external wallet that you own personally (transfer support for other cryptocurrencies is planned for a future update). Cryptocurrency payments and transfers to/from third parties directly from your Swissquote account are not allowed.

How can I transfer cryptocurrencies to an external wallet?
  1. A Swissquote Trading account is required to access cryptocurrency features.
  2. If you have not yet activated cryptocurrency services for your account, you may do so from your Account Overview.
  3. Go to the Payments & Transfers section and select the Crypto transfers tab. Alternatively, you can also access this service in the Cryptocurrency section of your eBanking under the "balance" tab.
  4. Click on the Address whitelist and add the address of the external wallet(s) to which you want to send cryptocurrency.
  5. From the Crypto transfers tab, select Withdraw.
  6. Follow the instructions on screen to complete the transfer.
How can I transfer cryptocurrencies to my Swissquote wallet?
  1. A Swissquote Trading account is required to access cryptocurrency features.
  2. If you have not yet activated cryptocurrency services for your account, you may do so from your Account Overview.
  3. Go to the Payments & Transfers section and select the Crypto transfers tab. Alternatively, you can also access this service in the Cryptocurrency section of your eBanking under the "balance" tab.
  4. From the Crypto transfers tab, select Deposit.
  5. Follow the instructions on screen to complete the transfer.
Which cryptocurrencies can I send to Swissquote?

Your Swissquote wallet currently only supports transfers for the following cryptocurrencies: XBT and ETH. Trying to deposit any other currency may result in the loss of your transferred funds. Support for other cryptocurrencies is planned for a later update.

Can I transfer cryptocurrency to/from a cryptocurrency exchange?

Deposits from an exchange

You can transfer cryptocurrency to your Swissquote account from any of the following whitelisted exchanges:

  • Coinbase
  • Kraken
  • Bittrex
  • Gemini
  • Bitstamp

Deposits from any other exchanges will be rejected and may incur additional transaction fees.

Please note that for legal reasons, deposits from exchanges are subject to additional confirmation steps: you will be required to provide screenshots of the transaction.

Withdrawals to an exchange

Withdrawals from your Swissquote wallet to a cryptocurrency exchange are currently not supported. Attempts to transfer cryptocurrency to an exchange could result in the loss of the transferred funds.

Is there a maximum limit for cryptocurrency deposits?

For cryptocurrency deposits (i.e. transfers to your Swissquote account) of a value in excess of USD 100’000, please contact our Customer Care.

Can I send/receive cryptocurrencies during the weekend?

Transfers ordered during weekends or holidays will only be processed from the following working day.

Does Swissquote charge fees for cryptocurrency transfers?

There are no fees for cryptocurrency deposits of a value equivalent or superior to USD 500. Deposits under that value and withdrawals incur a USD 10 flat fee.

Is there a minimum deposit amount for cryptocurrency?

While there is no minimum deposit amount, please note that your Swissquote wallet only supports 8 decimal places. This means that deposits of smaller cryptocurrency fractions will not be accounted for.

Why was my Ethereum deposit rejected?

As Swissquote’s Ethereum transactions are generated from smart contracts, a common cause for the rejection of Ether deposits is an insufficient Ethereum gas limit. We recommend that you specify a gas limit of 40’000 on your external wallet prior to initiating the transaction, to ensure that it is executed promptly. Consult the help of your external wallet for details on setting gas limits. If you are still experiencing rejected transactions and cannot determine the cause, please contact our Customer Care Centre.

Are all Bitcoin address formats supported for transfers?

Yes, all Bitcoin addresses formats are supported.

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