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Cryptocurrencies

These virtual currencies are known for their extreme volatility, but on the flip side also for their high returns. Up for the challenge? Discover the 12 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.

 The real thing: We don’t just provide exposure to crypto via CFDs or derivatives. You can trade and hold actual crypto assets in your Swissquote wallet.

 Swiss safety: Enjoy the security of a regulated and listed Swiss bank.

 

 

12-cryptos

To the moon!
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Cryptos are one of the best performing asset classes over the past few years, and they still post impressive growth spurts regularly.

Enjoy the crypto-ride with Swissquote.

 
 
 
 
 

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.

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Bitcoin
(XBT)

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"The king and forefather
of cryptocurrencies"

Created in 2009 by a person known as Satoshi Nakamoto, Bitcoin rules over the digital currencies market, making up more than half of the capitalisation.

For the time being, the share prices of altcoins still fluctuate based on Bitcoin. Supporters view the currency as digital gold, whose value will only increase over time.

Discover

headercardsethereum-eth-logo-copy.png

Ethereum
(ETH)

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"The smart contract
platform"

Created in 2015 by prodigy Vitalik Buterin, Ether has caused quite a sensation ever since. It is currently the second most important digital currency in terms of capitalisation.

Ethereum allows for the creation of smart contracts that can self-execute automatically, which makes thirdparty intervention unnecessary. Many companies and developers are experimenting with this token.

headercardslitecoin.png

Litecoin
(LTC)

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"Faster than
Bitcoin"

This top 10 cryptocurrency is inspired by Bitcoin’s technical foundations but offers faster transactions.

With Litecoin, blocks are created every two minutes and thirty seconds, whereas Bitcoin creates a block every 10 minutes.

Mining is also easier and transaction fees are substantially lower.

 

headercardxrp.png

Ripple
(XRP)

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"The cross-border
payment champion"

This token, created in 2012 by California based company Ripple, is primarily used to accelerate international financial transactions and reduce costs.

XRP acts as a "bridge currency" in the exchange between two currencies that can be used to carry out the entire transaction (send, exchange and receive money) in just a few seconds. XRP holds third place out of all cryptocurrencies, just behind Ethereum.

headercardsbitcoin.png

Bitcoin Cash
(BCH)

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"Bitcoin
revisited"

This token, created on 1 August 2017, is the result of a hard fork with Bitcoin.

It is based on the same blockchain as Bitcoin but is faster and allows for less expensive transactions.

Bitcoin Cash ranks as the world’s fifth-largest cryptocurrency.

 

headercardchainlink.png

Chainlink
(LINK)

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"Decentralised
information"

Operating on the Ethereum blockchain, this token has taken off in the past two years, while the market has virtually all but collapsed.

ChainLink derives from the notion of integrating "off-chain" information, i.e. information not included on the blockchain, to serve the entire ecosystem.

Information is more reliable when based on multiple sources. The project benefits from many partnerships and marks an important step towards decentralised finance.

headercardsethereumclassic.png

Ethereum Classic
(ETC)

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"The purists’
choice"

Historically, this is Ethereum as it started. This cryptocurrency emerged from the hard fork within the community after Ethereum was the victim of a major hack in 2016.

While most developers wanted to start over as if the incident had never happened, a handful of diehards chose to move on and accept the situation. Although less popular with developers than Ethereum, Ethereum Classic can recover features implemented on the Ethereum blockchain.
 

headercardseos.png

EOS
(EOS)

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"Competition for
Ethereum"

Referred to as third-generation blockchain technology, EOS is based on a concept similar to that of Ethereum with the development of fully decentralized applications (dApps). But unlike Ethereum, EOS uses a delegated proof of stake system, which uses "block producers" to validate transactions.

This choice significantly increases the speed and number of transactions. After a record-breaking ICO completed in 2018, in which it raised $4 billion, the token has grown impressively to seize a spot in the top 10.

headercardstellar.png

Stellar
(XLM)

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"Limitless
payment"

Started in 2014 by the co-founder of Ripple, Stellar is based on the same protocol.

However, while Ripple and its XRP token are focused primarily on financial institutions, Stellar targets the peer-to-peer payments market for transferring small sums of money.

This token has grown admirably over the past few months and is solidly in the top 20.
 

headercardtezos.png

Tezos
(XTZ)

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"The Ethereum
Killer"

The creators of Tezos are quite happy with the cryptocurrency’s nickname "Ethereum Killer". Like EOS, the token is based on the principle of delegated proof of stake. In other words, stakeholders can earn more Tezos rewards for creating and validating blocks on the blockchain.

The cryptocurrency offers a slightly faster and more secure environment than Ethereum. Its governance model also has the advantage of avoiding forks. Tezos has joined the top 10 and is currently one of the best performing tokens on the market.

headercardsaugur.png

Augur
(REP)

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"Decentralised
peer-to-peer protocol"

Built on the Ethereum blockchain, Augur allows token holders to bet on the likelihood that an event will occur. Simply put, users can buy shares of probability.

Prices are adjusted in line with supply and demand, similar to the principle of sports betting.

But with Augur, the outcome of an event is not validated by a central authority. Users themselves verify results, making any manipulation impossible.
 

headercards0x.png

0x
(ZRX)

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"Decentralised
exchange"

This Ethereum-based ERC20 token aims to facilitate decentralised exchange on the Ethereum blockchain.

Its designers have developed a protocol that enables the peer-to-peer exchange of ERC20 tokens.

The ICO in 2017 was a success.

0x then spiked in value and has since come back down, but 0x still ranks in the top 50.
 



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Digital Assets Risk Disclosure 

 

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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. 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.

Please note that transfers are only allowed from the whitelisted exchanges as listed in our platform or from a wallet for which you are the sole owner of the private key associated to the public address(es).

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

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

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.