SwissBorg Review 2025 – Pros & Cons
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(Disclosure: Some of the links below may be affiliate links)
Today, I want to review something a little different: a cryptocurrency platform. SwissBorg is a Swiss company with over a million registered users across many countries. It offers access to a wide range of cryptocurrencies and includes many interesting features.
But is SwissBorg actually any good? This is a question many people have asked—and in this review, we will answer it. We take an in-depth look at SwissBorg and compare it to some popular alternatives.
By the end of this review, you will know whether SwissBorg is a good choice for investing in cryptocurrencies.
| Custody Fees | 0% |
|---|---|
| Management Fees | 0% (except for crypto bundles and managed portfolios) |
| Inactivity Fees | 0 CHF |
| Buy Cryptocurrencies | 0.50% to 1.49% |
| Languages | English, French, German and Italian |
| Mobile Application | Yes |
| Web Application | No |
| Custodian Bank | SwissBorg |
| Established | 2018 |
| Headquarters | Lausanne, Switzerland |
SwissBorg
SwissBorg is a Swiss cryptocurrency platform to buy and sell cryptocurrencies. It offers all the features you need to start investing in crypto.
Use code thepoorswiss up to 10 CHF in BTC (or gamble it for up to 50 CHF)!
- Transparent pricing
SwissBorg is a Swiss platform to buy, sell and manage cryptocurrencies. They offer access to more than 50 different cryptocurrencies, including the most famous, Bitcoin and Ethereum. They have many innovative features and are still delivering updates regularly.
It was founded in 2017 by Cyrus Fazel and Anthony Lesoismier, in Lausanne. Since then, they have expanded their operations and have offices in Estonia and Portugal as well. While they started on the Swiss market, they now offer access from 47 different countries. As of 2024, SwissBorg has beyond one million registered users. This is very impressive growth.
For me, it was really interesting to learn that SwissBorg also offered corporate accounts. I am surprised to see the level that crypto platforms reached these last few years, with many services looking like a full-featured bank.
In this review, we will cover the main investment features of SwissBorg , their fees and see how they compare with alternatives.
SwissBorg Features
SwissBorg has many features, all around cryptocurrencies.
The core feature is to be able to exchange cryptocurrencies. You can exchange your fiat currencies to buy cryptocurrencies. But you can then exchange one cryptocurrency for another. Like most cryptocurrency platforms, you do market orders on the crypto exchanges. But it is interesting to note that SwissBorg has a feature (in beta currently) to do limit orders on crypto exchanges. I only use market orders on the stock market and would use the same on crypto markets, but it is worth noting that limit orders are also available.
Another nice feature is the ability to automatically invest. You can set up auto-investing rules and the app will automatically invest according to your rules. You can even invest daily if you like to take DCA to the next level. That way, you will only have to deposit money into your account and the app will take care of the investing. This is a really neat feature if you like automating your finances.
Finally, the last feature I want to talk about is the ability to stake your cryptocurrencies. I would consider this an advanced feature because you really must know what you are doing to estimate the risks and rewards of such strategies. Staking means lending your cryptocurrencies.
In some cases, staking is part of how the cryptocurrency works. For instance, Ethereum relies on validators staking currencies to evolve the blockchain. When you do such staking, the risks are quite low. But you can also lend your currencies to a third-party platform. In this case, the risks can be much higher.
Buy bundles of cryptos
Additionally, you can also purchase crypto bundles. These are like funds of cryptocurrencies. You only buy some parts of the bundle, and then SwissBorg will execute a buy operation for each of the parts of the bundle. It is a basic way to do a portfolio of cryptocurrencies. SwissBorg will then do a monthly rebalance of the currencies in the bundle. Here are some of the currently available crypto bundles:
- Best blockchains: The most prominent coins
- DeFi: Cryptocurrencies related to decentralized finance
- Meme Coins: Some meme coins like DOGE and Shiba Inu
- Gaming: Coins related to games
Here is an example of the portfolio for the Best blockchains crypto bundle:
I am far from being an expert, but these coins look like a solid start for me. I am not sure if I would invest in so many coins, but it is good to have some diversification. On the other hand. I am slightly surprised that Ethereum is below BNB and XPR, but that is coming from a beginner in crypto.
It is also very important to note that these bundles do not follow a standard market capitalization weighted index. Instead, they follow a reallocation based on trends. I would personally prefer a more standard index system, but crypto is different enough from stocks that it may make sense. So, this looks more like a managed fund than a passive fund. The reallocation will happen once a month.
Overall, the SwissBorg crypto bundles are a good way to start investing in cryptocurrencies. They provide good diversification and are easy to use. On the other hand, it is important to know that you cannot break it down to access the individual cryptocurrencies. Therefore, you will not be able to withdraw the individual cryptocurrencies of a crypto bundle. To withdraw, you will need to sella and buy again the individual coins. We will also see on the next chapter that they are inducing more fees.
Managed Portfolios
Since 2025, SwissBorg proposes a new featured: managed portfolios. SwissBorg recently obtained a license that lets it manage the assets of a customer. This feature works quite similarly to what Robo-advisors are doing.
If you want to use this feature, you will first need to answer a risk questionnaire. I went through it myself to test it and these are the standard questions you can expect for most financial services. The scale of some of the numbers have been adapted to crypto, but nothing unusual.
Once you have been through the questionnaire, you will be assigned a profile. There are currently three profiles:
- Conservative
- Moderate
- Growth
If you are in Conservative profile, SwissBorg recommends that you do not use managed portfolios. But they have a product for each of the other two profiles. These two portfolios consist in up to 6 different coins and they will be managed actively by SwissBorg. The portfolio can be reallocated up to once a day.
I think it is really interesting to see these kind of features for a crypto platform. This follows what banks are doing. From single assets to portfolios, we can see an evolution that makes crypto platforms look more like banks. On the other hand, we have to be careful about crypto platforms not doing the same things as banks because a lot of things bank are doing does not serve customers, but serve the bank. So, I am not entirely convinced by an active approach to investing in crypto like this.
Summary of features
Overall, the SwissBorg app has all the features a standard investor in cryptocurrencies would need and more. As a simple investor myself, I would probably use direct exchanges from currencies fiat to cryptocurrencies and possibly buy crypto bundles.
The BORG token
Before looking into the fees, we must quickly cover the BORG token. The BORG token is the native token of the SwissBorg platform. It was originally called CHSB and renamed to BORG in 2023. The token operates on the Ethereum and Solana blockchains (if you do not know what this means, do not worry about it).
As we will see in the next section, locking BORG tokens is the way to access premium tiers of the SwissBorg account.
Holders of BORG tokens also can vote to influence decisions regarding both the token’s future and the development of the platform.
Overall, BORG is a way to create a community around SwissBorg and to increase user engagement.
SwissBorg Fees
It is time to cover the fees when using SwissBorg. When you invest, it is important to consider the fees because you do not want to lose your money to fees.
Depositing fiat currency into your account is free if you do a wire transfer. Card deposit fees are costly, ranging from 4.5% to 1.5%. Therefore, the best way is simply to avoid card deposits and rely solely on wire transfers.
What matters most with a service like SwissBorg is the exchange fees. This is the fee that you are going to pay to exchange one currency for another. If you want to buy Bitcoin with your CHF, you will pay these fees. And this is where the BORG token comes into play. SwissBorg has some premium plans that can reduce the fees of the platform. And getting these plans means locking some BORG tokens.
SwissBorg has 5 different account tiers:
- Standard: the tier you get by default
- Explorer: the tier you get by locking 500 BORG tokens
- Community: the tier you get by locking 2000 BORG tokens
- Pioneer: The tier you get by locking 7000 BORG tokens
- Generation: The tier you get by locking 20’000 BORG tokens
There used to be a Genesis tier above that, but it cannot be unlocked anymore since February 2022. Each tier will reduce the fees and give you a boost in the yield you can get from staking coins.
Exchange fees are different for each account tier:
- 1.49% with the Standard tier
- 1.0% with the Explorer tier
- 0.75% with the Community tier
- 0.75% with Pioneer tier (with higher yield than Pioneer)
- 0.50% with the Generation tier
As you can see, the differences are significant from the first tier to the last tier. At first, I thought that the fees were very low. But it is important to note that SwissBorg does extremely efficient routing when you exchange cryptocurrencies. As a result, there is almost no spread (unless you do considerable operations). This means that the fee is (almost) all-inclusive. When you compare with other platforms, it is essential to consider the spread since other platforms have lower fees but higher spread and overall are pricier, but this is a bit hidden.
If you trade actively on the platform, opting for a premium plan is quickly worth it. In my opinion, the Explorer premium plan is almost worth it for everyone. You will make it 33% cheaper by locking only 500 BORG. If you are going to buy many cryptocurrencies, the Community tier is also quite nice. But you need many operations to make the Generation tier worth it since you need to lock in many BORG tokens.
Custody and management fees
There is no custody fee with SwissBorg. So, once you bought your cryptocurrencies, you have no fees to pay to hold them. There is one exception: crypto bundles.
By default, there is no management fee either. However, if you hold crypto bundles, you will be charged 0.12% per month (0.10% for Generation tier). I find this management fee too expensive. This is something between 1.44% and 1.20% yearly fee. It is not something to ignore. If you can manage it yourself, doing a portfolio manually and rebalancing only once a year could save you money (but with the volatility of crypto, it may be difficult).
Managed Portfolio Fees
If you hold a managed portfolio, there will also be fees. Unfortunately, the management fee of a managed portfolio is difficult to properly quantify. You will pay a fee for each reallocation happening. If there are more than 10 reallocations, in a month, you will not pay starting from the 11th. The fee is 0.075% for each tier but 0.05% for the Generation tier. This fee is proportional to the assets reallocated.
So, the more active the fund, the more fees you will pay. In the very worst case, you will pay up to 0.75% per month if all your assets are reallocated 10 times. This is very unlikely, but this shows the scale of the possible fees. Personally, I would never invest in a product which such uncertainty in fees.
Additionally, there is also an early exit fee. If you sell your managed portfolio before one year, you will pay a 1.5% exit fee. This is relatively common in the banking industry, but this is quite aggressive and people should be very careful about that fee.
Withdrawal fees
Finally, we must talk about the withdrawal fee. If you withdraw a fiat currency (like CHF), you will be charged a 0.1% withdrawal fee. For each currency, there is a minimum and a maximum. For instance, CHF has a minimum fee of 5 CHF and a maximum fee of 110 CHF. If you withdraw a cryptocurrency, you will be charged 0.1% on top of the gas fee. The gas fee is the transaction fee you pay to use a cryptocurrency network.
I understand the need to charge fees on a withdrawal of cryptocurrencies, but I do not like the fact that there is a fee on fiat currency withdrawal. This should be a simple wire transfer that should be free.
Summary of fees
Overall, the fees of SwissBorg are good. The base fees for exchanging currencies may seem high, but the fact that there is no spread makes it much more competitive and transparent. On the other hand, I find the crypto bundles management fee to be a bit high. The withdrawal fees for cryptocurrencies are fine, but I do not like to be charged for a fiat currency withdrawal.
SwissBorg security
I take my online finance security very seriously. Cryptocurrencies are generally not considered very safe. Many platforms have dubious security, and some have been hacked or were total frauds. So, it is important to consider the safety and security of any cryptocurrency platform. So, we must look at the security of holding assets with SwissBorg.
SwissBorg is licensed in Estonia with a Virtual Currency Service License. They also registered in France as a Digital Asset Service Provider. Currently, SwissBorg does not have a license under FINMA. There are two reasons for that. First, they were created before the Fintech License was created by FINMA, in 2019 and this is the most adequate license. Additionally, since they do business in Europe, it is easier to deal with a license from Europe than a license from Switzerland.
Another essential fact is that SwissBorg guarantees the segregation of funds. It means that customer assets are held separately from SwissBorg’s funds. It is critical because this is not guaranteed by all platforms.
Finally and probably most importantly: SwissBorg lets you transfer crypto assets to other wallets, including hardware wallets. Hardware wallets are likely the safest way to hold cryptocurrencies. And the fact that you can withdraw your assets proves that the assets are there in the first safe (it may sound trivial, but it is not always the case). Personally, I would never invest cryptocurrencies with a platform that did not let me transfer them out.
I have not heard of any security issues with SwissBorg in the past.
Overall, SwissBorg checks all the marks for security. They are as safe as any platform can be, and likely safer than many other platforms.
Trading cryptocurrencies with SwissBorg
To test the service, I have deposited some money from the blog into a corporate account. I do not plan on regular investments in cryptocurrencies, but I wanted to test this service thoroughly. And I will keep the money invested in the future as an alternative investment. I chose about 80% Bitcoin and 20% Ethereum in my portfolio.
The first thing you need to do is to deposit money into your account. This is very straightforward, you can simply do a standard wire transfer. In my case, it took only a few hours for the deposit to be registered.
Then, once you have some fiat currency to exchange, you can go into your currency balance (from your portfolio). From there, you can click on Exchange and you will be able to pick the details of the exchange. In my case, I wanted to exchange CHF for Bitcoin (BTC).
On the exchange view, you can select how much you want to exchange. You can either select a target in CHF, EUR or BTC in this case. I picked a target in CHF so that I could more or less do the allocation I wanted. Once you have picked, you can click on Next to see the details (nothing will be executed yet).
This is where you can validate how much BTC you will get for your CHF. The rates are changing in real time since this is a market order. Here, you can see the spread (price impact) and fees you are going to pay and the total amount of BTC you will receive in the end. Once you are ready, you can confirm the order.
On the confirmation page, you will see exactly how much Bitcoin you got and how much you paid in fees. You can also directly start lending your coins if you want to earn some yield (only do that if you are aware of the risks). I repeated the same steps for Ethereum, and my portfolio was ready.
I can now see my new coins on the portfolio page.
Overall, it is straightforward to trade with SwissBorg. The interface is clean and simple, the actions are really straightforward. In the future, I will probably transfer these coins to a hardware wallet and I will write about the details, but for now, I believe my coins are safe with SwissBorg.
Alternatives to SwissBorg
Finally, we must also compare SwissBorg with some alternatives.
This is the first service I am reviewing in depth for cryptocurrencies. So, I have not looked into so many details with other providers. Nevertheless, it is important to compare the base facts of different providers.
SwissBorg vs Swissquote
Everything you need to start investing in the stock market! Open an account with Swissquote and get 100 CHF in trading credits with my code MKT_THEPOORSWISS.
- Swiss broker
- Easy to use
First, we can compare SwissBorg and Swissquote. Swissquote is primarily a stock market broker, but they started offering crypto recently. In terms of fees, Swissquote has 1% fee below 10’000 CHF, 0.75% below 50’000 CHF and 0.4% fee above that. Swissquote claims to optimize the price by using their SQX exchange. We can expect the spread to be below the industry average.
The withdrawal fee is a flat fee from 10 USD to 15 USD, depending on the cryptocurrency. The fees are lower than for SwissBorg (unless you reach the highest premium plan) but you will have some extra spread. And there is a quarterly custody fee (up to 200 CHF per year) depending on your assets.
In both cases, you can withdraw cryptocurrencies to a cold wallet. And both services are licensed and regulated (although in different manners). I think that cryptocurrencies are safe with both platforms.
However, you will have fewer features with Swissquote. You can buy and sell cryptocurrencies and stake them. But you cannot auto-invest in cryptocurrencies or use crypto bundles. Furthermore, Swissquote offers more than 40 cryptocurrencies, but SwissBorg offers more than 100!
Overall, SwissBorg is more specialized in cryptocurrencies and offers more features. On the other hand, the costs appear to be slightly higher. In the end, I think it mostly depends on whether you want a platform specialized in crypto or not.
SwissBorg vs Interactive Brokers
The broker you need to buy stocks and ETFs reliably and at extremely affordable prices. Trade U.S. stocks for as little as 0.5 USD!
- Extremely affordable
- Wide range of investing instruments
Interactive Brokers is another stock market broker that also offers access to cryptocurrencies, through Paxos. We can also quickly compare SwissBorg and Interactive Brokers.
First, there is a massive difference in the number of cryptocurrencies you can trade with these two services. Currently, you can trade 8 cryptocurrencies with IBKR and well over one hundred with SwissBorg. And you will get more features with SwissBorg, such as crypto bundles and staking. However, IBKR will give you a web interface and not only a mobile application.
On the other hand, there is also a massive difference in fees. With IBKR, you will pay 0.18% in fees (with a minimum of 1.75 USD). The minimum you will pay with SwissBorg is 0.50% (with the most premium plan).
In both cases, you can withdraw your coins to a hardware wallet. But with IBKR, it is much more complicated. Indeed, you have to transfer everything first to a Paxos wallet. Then you have to transfer out from there and there are high fees. And finally, you cannot transfer more than 5’000 USD at a time.
Overall, if you really want to optimize for fees, IBKR seems like a suitable candidate, but not so much if you plan to withdraw to a cold wallet. Furthermore, if you prefer to keep your stocks and cryptocurrencies separated, it may make sense to use IBKR for stocks and SwissBorg for crypto.
SwissBorg vs Yuh
Yuh is an easy and affordable way to invest in the stock market and spend money abroad.
Use my code YUHTHEPOORSWISS to get 25 CHF in trading credits!
- Low fees for small operations
- Fractiona trading in stocks
Finally, we can also compare SwissBorg with Yuh, another mobile service.
At this time, you can trade 33 different tokens with Yuh, against more than 100 with SwissBorg. There is also no way to stake your currencies or buy crypto bundles. This is where we see the main difference between a specialized cryptocurrency service and a service that simply adds crypto on the side.
When you buy crypto with Yuh, you will pay a 1% fee on each operation. This is the same as the first premium plan of SwissBorg and significantly pricier than other premium plans. Additionally, Yuh does not seem to do anything to limit the spread, so we can expect about 0.8% additional fee (industry average). On the other hand, you do not pay any fee on fiat withdrawal.
Security is the most significant difference between these two services. With Yuh, you cannot transfer your cryptocurrencies out of the platform. For me, this is a massive red flag. I would never invest in a platform where I could not withdraw my cryptocurrencies.
Overall, SwissBorg has a massive advantage over Yuh since it lets you withdraw your cryptocurrencies. Even if Yuh can be slightly cheaper by default, I would not recommend it for crypto.
FAQ
Can you withdraw cryptocurrencies out of Swissborg?
Yes. You can withdraw cryptocurrencies to another wallet, including a hardware wallet.
Who is Swissborg good for?
Swissborg is great if you want to start investing in cryptocurrencies with a safe service. They have good fees, good security and many features.
Who is Swissborg not good for?
Swissborg is not the cheapest cryptocurrency available. So, if you want to optimize for fees, there may be better alternatives.
SwissBorg Summary
Swissborg
SwissBorg is a Swiss cryptocurrency platform with very transparent pricing and many features. In this article, we review it in depth.
4
Pros
- No spread
- Very transparent
- Access to many
- Crypto bundles for diversification
- Can invest automatically
Cons
- Not the cheapest transaction fees
- The app is not always straightforward to understand
- No web app
- Withdrawal fee for fiat currencies
- Fees for bundles and managed portfolios are high
Conclusion
SwissBorg is a Swiss cryptocurrency platform to buy and sell cryptocurrencies. It offers all the features you need to start investing in crypto.
Use code thepoorswiss up to 10 CHF in BTC (or gamble it for up to 50 CHF)!
- Transparent pricing
Overall, I quite like the services offered by SwissBorg. They have a very significant set of features and offer multiple ways to invest in cryptocurrencies. They also offer some strong security benefits that many other platforms lack. I believe cryptocurrencies are safe with SwissBorg. And there is always the option of transferring cryptocurrencies to your hardware wallet if you want to take your crypto security to the next level.
On the other hand, it is true that SwissBorg is not cheap. They do provide an excellent service by eliminating almost all spread, but the transaction fees themselves are relatively high. If you lock some BORG tokens, you can get access to cheaper plans. These plans are definitely worth it if you like to invest significant amounts with SwissBorg.
At this point, it seems to me that SwissBorg is an excellent place to buy and hold cryptocurrencies for people that want to start investing in crypto.
For the readers that are surprised to see me discuss crypto, I must share that I am not investing much in crypto myself. At this time, crypto is not a significant portion of my portfolio. I have invested 12’000 CHF of the blog’s money into crypto as an experiment.
While I prefer to invest in ETFs myself, the demand for investing in cryptocurrencies is very significant. I believe I owe it to my readers to review some services and offer some potential recommendations. I plan to write as well on how to secure your cryptocurrencies by transferring them to a hardware wallet. I may also refresh my outdated cryptocurrencies article.
For many investors, cryptocurrencies may be an interesting alternative instrument and can provide some diversification. But I would still exercise caution and recommend sticking to the safer coins like Bitcoin and Ethereum and avoiding meme coins and such.
If you want to start investing with SwissBorg, you can use my code “thepoorswiss” (or use this link), and you will get up to 10 CHF in BTC (or a chance to gamble it for up to 50 CHF) once you have traded for at least 100 CHF of cryptocurrency.
What about you? What do you think of SwissBorg? Do you want me to review more services allowing you to invest in cryptocurrencies?
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Hi, thanks for the review. I could find iShares Bitcoin ETP product at finpension. How does ETP compare with direct criptocurrency investment? thx Laura
Hi Laura
The main fee difference is when you pay the fees. With an ETP, you pay a custody fee over time. When you buy BTC yourself, you will pay transaction fees but no custody fees.
A difference is that when you hold BTC yourself, you can withdraw them yourself to your wallet and transfer them around, but you can’t access the “real” coins.
Thank you for the interesting article Baptist. A comparaison with Binance and Cryto.com would be useful.
Thanks, Gilles. I will think about these two on my next round of crypto reviews.
Mt Pelerin can also be a good alternative for a Swiss investor, who invests little in cryptocurrencies and prefers to go through a Swiss solution.
No transfer fees on a Swiss IBAN, commission between 0% and 1.3% (and swap between 0% and 0.5%) depending on the annual volume.
Thanks for sharing, I did not know Mt. Pelerin before. It’s good to have other Swiss alternatives.
SwissBorg as a platform is not bad, but the fees are way to high in my opinions. Binance the biggest exchange has 0.1% fee for both taker/ maker 0.075% if you use BNB to pay the fees, also many more trading pairs, although not a good option for swiss investors because they don’t support CHF deposit only through P2P which should not be considered because it’s very costly. Kraken a bit more expensive on the fees than Binance, but still quite reasonable and they support CHF deposits, also they have a few CHF crypto trading pairs and also a EUR/CHF trading pair. Another option would be Bybit with low fees and they also supports CHF deposits which you would need to swap it to USDT, no trading pair so you get quite bad prices.
Hello, I consider Binance is a very good option for swiss investors, you can simply use Revolut for transfering funds
Yes you can but you need to convert your funds, and it’s not ideal.
Are you not worried about the legal issues of Binance and its CEO?
Thanks for sharing, Shadow.
Doesn’t Binance also has spread? I would be very cautious with putting my money in a company that just got fine for poor money laundering practices and whose CEO got arrested.
I will take a look at Kraken!
They only have spread if you use the quick swap feature, but using the trading pairs there’s no spread. I can understand that.
Thanks, that’s good to know, I did not know!
Hi Baptiste,
You’re absolutely right to be cautious — I’m also concerned about any institution where I put money.
But a few clarifications may help:
The CEO of Binance, Richard Teng, was not arrested.
The legal issues and prison sentence involved Changpeng Zhao (CZ), the former CEO.
He stepped down in late 2023 after a U.S. settlement for AML compliance failures — not for active laundering.
Since then, Richard Teng, with a regulatory pedigree from MAS Singapore and Abu Dhabi’s FSRA, has taken over.
Binance has since improved compliance and secured approvals in 20+ jurisdictions.
Now more broadly — there is risk everywhere:
In Switzerland, even with its strong financial reputation, the deposit protection scheme promises coverage up to
CHF 100,000 per client — but the actual guarantee fund (around CHF 8 billion) would be spread across
approximately 2.5 million UBS retail clients in the event of a collapse.
A domino effect in the banking sector would create similar pressure. In such dramatic scenarios,
the fund would only be enough to cover a low single-digit percentage of the insured amounts —
meaning even the promised CHF 100,000 might remain theoretical.
And let’s not forget: even licensed Swiss institutions have recently caused major losses —
UBS sold complex currency-linked products (reverse convertibles) to retail investors who suffered heavy losses,
and cases like H2O Asset Management show how regulated firms can still mismanage billions.
Regulation doesn’t mean infallibility.
So yes — there are risks with Binance, as with any major player.
But compared to some unregulated actors or overpriced traditional advisors, the risk-to-cost-to-effort ratio
may actually be better — if you’re aware of what you’re doing.
It always comes down to risk weighting, exposure control, cost structure, and how much effort you’re willing to put in.
Thanks for the details, rolev.
I should indeed have said former CEO. But this is still a red flag even though this may indeed not be the endd of the company.
And I entirely agree that a Swiss company is not safe by default. Both UBS and CS and even Raiffeisen have done some shady things.
I will think about considering more options.
It would be interesting to read your review of Bitvavo. It has quite high ratings in the EU.
Hi Max,
Thanks for sharing. I will think about it, but I may not review new crypto services for a while, we will see how this article goes.
Am I the only one who thinks those fees are extremely high compared to any other crypto platform? Is this article a joke?
This article is not a joke :)
From my research, these fees are not so high when we take everything into account:
* High level of security
* Spread is very low (often not included in other platform’s fees, but hidden)
* A Swiss platform
* The capacity to send crypto to a hardware wallet
Of course, I am far from an expert in crypto, so I may be wrong.
From a crypto perspective, the fees are absurd. Usually, it’s 0.25% fees per transaction. On top of that, a Swiss or a no-Swiss platform does not matter as holding cryptos on an exchange platform is unthinkable.
Thanks for sharing, Dav.
Do you have an example of a platform with a 0.25% fee and that is not too complicated to use for beginners? Something like Binance?
I agree that holding crypto on a platform is not a great idea, but most beginners will not do it.
I found this comparison on Reddit and it does not seem like Swissborg is too far off (although this seem to come from Swissborg and may be outdated).
P.S. It was not a bug, comments go through moderation, so they may not appear instantly and comments are often cached by my CDN, so even approved comments are not always visible directly.
Thank you, a nice review, as usual.
I find that naming it Swissborg and not being regulated in Switzerland is at least misleading. Probably not a real problem as EU regulations and protections are good, but still, doesn’t seems right to me.
That’s a fair point. It’s still a Swiss company, but indeed regulated in Europe because Switzerland was too slow to provide the necessary license type.
very nice article, thank you.
I wonder if swissborg provides a pdf file for tax declaration. If you make many transactions with crypto currencies, it could be cumbersome to fill the tax declaration. Yuh offers the pdf tax form that you can directly import for 25 CHF, which is very cheap.
I do not see the high spread on yuh. Usually the price you pay for any crypto coin matches exactly what you see on all exchanges, as long as you pay in USD and not converting CHF into USD which is expensive there.
Hi Erikk
You can generate account statements in PDF and Excel formats. But you cannot generate an e-tax statement as far as I know, so you would have to enter information by hand.
Thanks for sharing about the spread on Yuh, it may be better than I expected, I will try to find out from Yuh.