How to Buy Bitcoin in Switzerland in June 2022

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Switzerland is one of the most Bitcoin-friendly countries globally. In fact, it is possible to purchase Bitcoin in Switzerland not only via online exchanges but also using crypto ATMs.

Our guide on how to buy Bitcoin in Switzerland covers all the crucial points on this topic – including a list of the top providers in the country that offers access to this digital asset.

How to Buy Bitcoin Switzerland – Quick Guide

Individuals can buy Bitcoin in Switzerland via a regulated platform such as eToro at low fees, right from the comfort of their homes.

Follow these steps to buy BTC in Switzerland right now:

  • Step 1: Open an eToro Account
    Begin the process by opening an account on eToro. New users will have to provide an email address, username, and password. Since eToro is regulated, all customers are required to submit a copy of their passport or driver’s license to verify their identity.
  • 💳 Step 2: Deposit Funds
    Deposit funds into eToro with a credit/debit card, PayPal, or by making a bank transfer. The minimum deposit required for users in Switzerland is $50 – which is around 50 CHF.
  • 🔎 Step 3: Search for Bitcoin
    Look for the search bar on eToro and enter ‘Bitcoin’. Click on the ‘Trade’ button when the result appears.
  • 🛒 Step 4: Trade Bitcoin 
    In the order box, enter the investment amount and use the ‘Open Trade’ button to confirm the purchase.

Cryptoassets are a highly volatile unregulated investment product.

eToro is considered one of the best places to buy Bitcoin in Switzerland – due to its low fees and heavy regulation. There are also a few other providers that offer competitive crypto services in Switzerland – read on to find out more.

Where to Buy Bitcoin in Switzerland

There is a long list of cryptocurrency exchanges in Switzerland that support Bitcoin trading.

To pick the best platform – one has to consider factors such as fees, security, user-friendliness, and the features available.

Here’s a list of the top seven crypto platforms that lets users buy Bitcoin in Switzerland.

1. eToro – Overall Best Place to Buy Bitcoin in Switzerland

eToro logoLaunched in 2007, eToro is a highly secure and reputable online broker that operates in over 100 countries. The platform functions in accordance with the FCA, SEC, CySEC, and ASIC and is licensed by these financial authorities. Moreover, eToro ensures added security for all clients’ funds by storing them in a tier-1 bank.

Security isn’t the only aspect that helped eToro win the trust of its 25 million+ users. The platform supports several asset classes – ranging from stocks, ETFs, indices, forex, commodities, and of course, cryptocurrencies. Users can buy and sell over 70 digital coins via eToro – by paying a flat 1% commission.

Furthermore, those based in Switzerland can set up their eToro account with just $50 – which is equivalent to around 50 CHF. The platform facilitates instant crypto purchases via debit/credit cards. Other funding methods are also available – such as online banking and e-wallets like PayPal.

etoro crypto

No matter which payment method is selected, the deposit fee is only 0.5% on eToro. This is in contrast to the majority of crypto providers – which charge a high fee to process credit/debit card transactions. On top of this, the minimum Bitcoin investment required on eToro is only $10, or 10 CHF.

Investors also have the option to adopt passive trading strategies through this brokerage platform. Its Copy Trading feature lets users duplicate the investments of other traders into their own portfolio. Alternatively, individuals can invest their money into a Smart Portfolio, which is a basket of cryptocurrencies at different weights, professionally managed by eToro.

eToro also integrates a demo account that can be useful in testing investment strategies before risking money on the real market. Beginners can also use this account to practice trading for free. Finally, eToro also has an in-built digital wallet that its customers can use to store their BTC tokens, without paying any maintenance fees.

Number of cryptocurrencies 70+
Debit card fee 0.5%
Fee to buy Bitcoin 1% + Market Price
Minimum deposit $50 (around 50 CHF)

Cryptoassets are a highly volatile unregulated investment product.

2. Crypto.com – Earn Up to 6% APY on Bitcoin

crypto.com logoWhile eToro is a multi-asset broker, Crypto.com is a platform that offers access exclusively to digital assets. This includes not only cryptocurrencies but also NFTs. Moreover, Crypto.com features a diverse set of investment products for Bitcoin, such as savings accounts, crypto loans, Visa cards, and more.

The platform charges a 2.99% fee to buy Bitcoin in Switzerland with a credit or debit card. It also accepts funding via bank transfer, at a 0% deposit fee – however, users will not be able to purchase Bitcoin instantly. Crypto.com also has a web-based exchange for its users to invest in Bitcoin in Switzerland.

But, this requires having access to a stablecoin such as Tether/USD Coin, or to CRO – the native digital token of Crypto.com. CRO has a few other use cases within the Crypto.com ecosystem. For instance, it allows customers to get a discount on the commission – which ranges from 0.04% to 0.40% based on the user’s trading volume.

Crypto.com

Similarly, CRO can also be used to boost interest rates on Crypto.com’s savings accounts. This way, users can receive up to 6% APY on Bitcoin. And in case investors are looking to hold their BTC tokens for a few years, Crypto.com also comes with a non-custodial DeFi Wallet that functions as a separate app.

We also found that Crypto.com is a secure platform to buy Bitcoin in Switzerland. It holds only corporate funds in hot wallets, and 100% of all clients’ assets are secured in cold storage – with Ledger Vault. The provider also has $750 million in insurance to protect the users’ funds against physical damage, destruction, or theft.

Number of cryptocurrencies 250+
Debit card fee 2.99%
Fee to buy Bitcoin Up to 0.40% trading fee
Minimum deposit $20

Cryptoassets are a highly volatile unregulated investment product.

3. Bitstamp – Top Crypto Platform for Trading Bitcoin

Bitstamp logoBitStamp is one of the world’s most popular Bitcoin exchanges. It was launched back in 2011, and since then, has attracted millions of users with its secure crypto services. Bitstamp is known for its user-friendliness and easy-to-use mobile app, making it a great choice for beginners.

However, Bitstamp charges a high fee for facilitating the direct purchase of Bitcoin with fiat currencies. For instance, credit/debit card transactions on Bitstamp cost up to 5%.  In comparison, on eToro, users will only be charged a 0.5% fee for deposits.

Regardless, Bitstamp is considered a top exchange for traders. It supports over 70 cryptocurrencies and multiple trading platforms. Users will be able to trade Bitcoin via Bitstamp’s web platform as well as the mobile app.

Bitstamp

Bitstamp’s default trading interface comes with support for different order types – including market, limit, and stop-limit. In addition to this, the platform also has a separate advanced platform called TradeView. It integrates customizable pricing charts, in-depth analysis tools, and other useful technical indicators.

The trading fees on Bitstamp stand at 0.5% per slide, and users can bring this down to 0% with sufficient trading volume. It also offers staking services, however, this feature isn’t supported for Bitcoin at the time of writing.

Number of cryptocurrencies 70+
Debit card fee 5%
Fee to trade Bitcoin Up to 0.5% commission
Minimum deposit $10

Cryptoassets are a highly volatile unregulated investment product.

4. Coinbase – Great Bitcoin Exchange for Beginners

coinbase logoCoinbase is one of the biggest cryptocurrency exchanges globally, which also happens to have a sterling reputation for security. The platform holds 98% of its clients’ funds in cold storage and requires all account holders to set up multi-factor authentication.

It even sends a verification email if someone tries to access a user account from a different IP address. On top of this, Coinbase carries insurance to protect the digital assets in its custody against losses from cybersecurity breaches. It also offers a non-custodial wallet, which provides users full control over their private keys.

In a nutshell, Coinbase is one of the most secure platforms to choose to buy Bitcoin in Switzerland. Coinbase customers can fund their account with a debit/credit card or bank transfer. However, using a credit or debit card is expensive, as Coinbase charges a hefty fee of 3.99%. The platform also levies a relatively high trading commission of 1.49%.

Buy Crypto on Coinbase

Nonetheless, Coinbase continues to be a top choice for Bitcoin investors. Apart from its industrial-grade security, Coinbase is also beginner-friendly. It comes with an intuitive interface and several resources that cater to new investors.

Moreover, users can also earn crypto rewards through the Coinbase Learn feature. That being said, Coinbase also attends to the requirements of advanced traders. Its advanced trading platform Coinbase Pro comes with real-time charting tools and order books.

Number of cryptocurrencies 170+
Debit card fee 3.99%
Fee to buy Bitcoin 1.49% trading fee
Minimum deposit $50 recommended by the platform

Cryptoassets are a highly volatile unregulated investment product.

5. Binance – Large Crypto Exchange With Low Trading Fees

With over 90 million registered traders, Binance is one of the most widely used cryptocurrency exchanges globally. It offers users access to more than 600 digital assets. The platform also supports a wide range of fiat currencies, including Swiss francs.

Binance allows its users to buy…



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