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Cryptocurrencies
These virtual currencies are known for their extreme volatility, but on the flip side also for their high returns. Challenge this asset class and discover 7 new currencies on our platform.
Your advantages
Promising new asset class
Cryptos are a promising new market with rising global liquidity levels
High volatility
Cryptos’ high volatility presents both increased risks, but also unprecedented opportunities
Crypto never sleeps
You can trade cryptos around the clock – 24/7
The Swissquote edge
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• Crypto exchange services: Trade the 12 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 12 cryptocurrencies and an infinity of opportunities. Learn more about the benefits of each digital currency available on our platform.
7 new cryptocurrencies joined the family
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Take a look at them and discover their top benefits.
NEW
Chainlink
(LINK)
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• ERC-20 token for supplying the decentralized Oracle network Chainlink
• Allows Smart Contracts on ETH to securly connect to external data sources, APIs and payment systems
NEW
Ethereum Classic
(ETC)
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• Non-forked version of Ethereum
• Pillar of smart contracts and decentralized applications
NEW
EOS
(EOS)
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• Designed to support large applications
• Aims to abolish transaction fees
NEW
Stellar
(XLM)
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• Supports the Stellar payment network
• Low-cost cross-country interbank transfers in less than 5 seconds
NEW
Tezos
(XTZ)
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• Includes proof-of-stake consensus
• Baking allows to earn more Tezos for creating and verifying blocks
NEW
Augur
(REP)
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• Decentralized oracle and prediction platform
• Allows access to untapped markets
NEW
0x
(ZRX)
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• Peer-to-peer exchange of ERC-20 tokens
• Protocol intended to allow Ethereum tokens to be traded cost-effectively from one's own wallet
Back to basics
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Trade the classic top 5
Bitcoin
(XBT)
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• First digital currency, created in 2009 by Satoshi Nakamoto, a month after the Lehman Brothers’ collapse
• Anonymous transactions, transparent blockchain, deep liquidity, decentralized
Ethereum
(ETH)
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• Referred to as «MS Windows» of cryptocurrencies, used to develop decentralized applications
• Its inventor Vitalik Buterin developed the concept of «smart-contracts» which are programs executed on the blockchain
Litecoin
(LTC)
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• Alternative to Bitcoin, based on the same open source code foundation
• 2.5 minutes to generate a block in comparison to Bitcoin’s 10 minutes
Ripple
(XRP)
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• Ultra-fast transactions (around 4 seconds) and a scalable network. The network can handle around 1’500 transactions per second
• Very low transaction fees
Bitcoin Cash
(BCH)
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• Fork of Bitcoin that was created in August 2017
• Created to address the Bitcoin scalability problem by increasing the block size
Build your own portfolio on Switzerland’s favourite
multi-asset trading platform
Digital Assets Risk Disclosure
Multi-asset Trading platform
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• Trade cryptocurrencies along with over 3 million financial products on our eTrading platform
• Exchange cryptos against fiat currencies to realise your capital gains
• Trade structured products based on the most popular cryptocurrencies with Themes Trading
Crypto traders are also interested in …
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Swiss DOTS
An OTC derivative marketplace with more than 90’000 products and attractive trading conditions
FAQ - General questions
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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.
No, custody fees are not applicable.
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.
The minimum buy/sell amount for Cryptocurrencies is equivalent to EUR/USD 25.
The performance graph is available on the dedicated Crypto Asset platform under My account > Account overview > Crypto Assets > Trade > Show details. It is also available on the Markets & Quotes page under Crypto Assets and in the Swissquote app under Markets & Quotes > Cryptocurrencies.
Settlement is instantaneous.
• 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 ).
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.
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
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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.
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.
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.
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.
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.
For cryptocurrency deposits (i.e. transfers to your Swissquote account) of a value in excess of USD 100’000, please contact our Customer Care.
Transfers ordered during weekends or holidays will only be processed from the following working day.
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.
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.
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.
Yes, all Bitcoin addresses formats are supported.