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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.

Give volatility a chance

Your advantages

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Promising new asset class
Cryptos are a promising new market with rising global liquidity levels

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High volatility
Cryptos’ high volatility presents both increased risks, but also unprecedented opportunities

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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

 

 

12-cryptos

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

Take a look at them and discover their top benefits.

NEW

chainlink-picto

Chainlink
(LINK)
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 ERC-20 token for supplying the decentralized Oracle network Chainlink

 Allows Smart Contracts on ETH to securely connect to external data sources, APIs and payment systems

NEW

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Ethereum Classic
(ETC)
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 Non-forked version of Ethereum

 Pillar of smart contracts and decentralized applications


 

NEW

eos-picto

EOS
(EOS)
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 Designed to support large applications

 Aims to abolish transaction fees


 

NEW

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Stellar
(XLM)
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 Supports the Stellar payment network

 Low-cost cross-country interbank transfers in less than 5 seconds

 

NEW

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Tezos
(XTZ)
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 Includes proof-of-stake consensus

 Baking allows to earn more Tezos for creating and verifying blocks

 

NEW

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Augur
(REP)
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 Decentralized oracle and prediction platform

 Allows access to untapped markets


 

NEW

0x-picto

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

Trade the classic top 5

bitcoin

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

 

ether

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

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

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

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



 



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Digital Assets Risk Disclosure 

 

crypto-screen

 

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

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FAQ - General questions
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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. It is also available on the Markets & Quotes page under Crypto Assets and in the Swissquote app under Markets & Quotes > Cryptocurrencies.

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
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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.