Buy Crypto & Bitcoin in Switzerland

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witzerland is one of the leading tax haven countries, especially for cryptocurrency. Switzerland's crypto exchanges are popular because of the many benefits offered by this country over others.

Best Overall Exchange
Coinbase logo

Coinbase is our recommended option for those who want to buy cryptocurrency in Switzerland. Coinbase has been around for several years and consistently ranks as one of the best and safest exchanges to buy Bitcoin.

Best Crypto Exchanges in Switzerland

Summary of Best Crypto Exchanges in Switzerland

Coinbase logo

Best Overall

0% - 0.50%
trading fees
Account Minimum
Earn $5 in Bitcoin when you signup and deposit money into your account

Best Social Platform

trading fees
Account Minimum
Earn $10 when you signup and deposit money into your account

Largest Exchange

trading fees
Account Minimum
Earn $5 when you signup and deposit money into your account

Buy Bitcoin in Switzerland

The most innovative country of the year over a dozen times in the last decade in the Global Innovation Index is Switzerland. The Swiss are known for being future-focused. 

The people responsible for making laws regarding cryptocurrency in Switzerland are known and expected to keep up with the changes in cryptocurrency. That means that they can enact new laws that are relevant to the issues in the market.

There are very few laws relating to mining. Transfers have few to no requirements. The Swiss Economics Minister wants to encourage foreign investment and hopes for Switzerland to remain innovative in terms of cryptocurrency.

Even as laws change in the future, Switzerland is practically guaranteed to remain an intelligent choice of where to invest in crypto. Crypto is so integrated into Swiss daily life that you can buy it at ATMs in some train stations.

Switzerland is far ahead of pretty much any other nation. Although many countries have no laws regarding cryptocurrency, Switzerland does have a few.

But this is a good thing: they plan on continuing to create a welcoming environment for foreign investment and the crypto future. 

Best Crypto Exchanges Switzerland

Switzerland crypto exchanges are an excellent medium for you to buy your Bitcoin safely and securely from a website or app. Many of these platforms offer high-security standards, proof of reserve, high liquidity, low fees and more.

Coinbase - Best Overall

Coinbase is the #1 crypto exchange and platform where you can buy, sell, and exchange digital currencies such as Bitcoin, Ethereum, and Litecoin.  Coinbase fees vary based on your payment method. Coinbase offers Switzerland customers bank, credit card, and debit cards.

Bank Account transfer fees are relatively low at about 1.5%, but it takes five days to get your coins. Credit/Debit Card purchases will cost you about 4%. The advantage to this is that you get your crypto instantly.

You can trade over 100 cryptocurrencies in Coinbase with over 9,400 digital assets listed.

eToro - Best Social Platform

eToro is a global investment platform that allows users to invest in Stock & ETFs, Cryptocurrencies, and C.F.D. Trading.  Fees vary depending on if you're funding your account with fiat or cryptocurrencies. 

Customers in the Switzerland pay a spread of 0.75 percent to 5.0 percent on assets.  Conversions from fiat to crypto will cost a 5% fee.  There are zero fees charged on withdrawals, but the drawback is you have to withdraw at least $30.

eToro supports the trading of more than 40 crypto assets.

Binance - Largest Exchange

Binance is my favorite cryptocurrency exchange with a focus on crypto-to-crypto trading. The platform has a token called BNB to pay fees at a discounted rate.

You can also participate in their quarterly BNB token burn to generate additional value for all the coin holders.  Binance can process fast orders, has multi-language support, and has over 60 crypto pairs available for trading. 

Binance charges a 0.1% fee for spot trading and a 0.5% fee for quick buy/sell trades.  You can also buy crypto via a free A.C.H. transfer or a credit/debit card transfer at 4.5%.

A wire transfer has a fixed $15 fee for buying tokens.

Best Crypto Wallets in Switzerland

Crypto wallets are like bank accounts, except they don't hold your currency. They store your private key, giving you access to the blockchain corresponding with the wallet.

Ledger Nano X

The Ledger Nano X is a multi-currency, Bluetooth-enabled hardware wallet that allows you to store Bitcoin securely, Ethereum, and many other supported coins. The device also supports Lightning Network payments for instant transactions between devices or friends without miner confirmation.

The Ledger Nano X costs $149 before tax, and you can buy it directly from the official website here.  Supported Currencies: BTC, ETH, ETC, Dash DOGE, Zcash (ZEC), Ripple (XRP), and more.

Trezor Model T

The Trezor Wallet is a hardware cryptocurrency wallet designed to keep your currencies safe.  The device also supports the technology of smart contracts, which allows you to create transactions on the Ethereum blockchain that are self-executing, self-enforcing, and impossible to rescind.

You can buy the Trezor Wallet for $215 directly from here.  Supported Currencies: BTC, ETH, Litecoin (L.T.C.), E.T.C., B.C.H. (and all ERC20 tokens).

Coinbase Wallet

The Coinbase Wallet is a user-friendly online wallet that allows you to store over 4,000 assets. The app also provides access to Dapp's decentralized exchanges and offers the ability to create your token within seconds.

Coinbase has two versions of their wallet, one for mobile devices (Android & IOS) and one for computers (Browser Extension), which are all free. You can find the mobile wallet guide here and the browser extension guide here.

Supported Currencies: BTC, ETH, LTC, and all ERC20 tokens.

Crypto Laws & Rules in Switzerland

Switzerland is a famously relaxed country in terms of economic laws. They tend to tax less and their looseness has caused trouble in the past.

Now, the Swiss legislature values enforcing crypto laws with the hope that it’ll help clear their reputation.

Learn more about these laws and more here.

Transfer Requirements

The requirements for a legal transfer of any crypto token that “does not represent any claims against an issuer or third party” are straightforward. The transfer is lawful when the transaction occurs between two wallets.

Tokens that represent a claim against an issuer or third party need to follow the rules in the appropriate ledger.

Exchange Regulation

The Swiss Financial Market Supervisory Authority requires registration from anyone who wants to exchange cryptocurrencies (including Bitcoin). 

The Economics Minister, Johann Schneider-Ammann, wants Switzerland to become a crypto-nation. He does as much as possible to make it easy for foreign investors to choose Switzerland as their place to invest. 

Mining Regulation

As long as the way mining occurs is legally acceptable, there are no restrictions on mining crypto in Switzerland. Since miners help prevent fraud, they are very helpful in avoiding corruption in cryptocurrency.

Anti-Money Laundering

Regardless of Schneider-Ammann’s crypto enthusiasm, he still wants the country to move past its money-laundering reputation. 

ICOs are required to follow strict anti-money laundering laws. If they do not follow these laws, banks are not allowed to accept their funds. It is encouraged for ICOs to know their customers to avoid legal trouble.

Crypto Tax Laws in Switzerland

This section will discuss the different tax laws that are in place if you are a citizen in Switzerland that owns any crypto.

Payment Tokens

When people think of cryptocurrency, they usually think of payment tokens.  It is legal for investors to purchase payment tokens as long as the transaction clears between two wallets.

There are very few Swiss laws regarding payment tokens.

Asset & Utility Tokens

Both asset and utility tokens require an authorized seller. They also need to follow the DLT rights and the rules presented in their specific distributed ledger.

Utility tokens don’t function like traditional money. These tokens cannot be exchanged for goods and services. Instead, utility tokens allow you to access products, services, or actions with a crypto platform.

Asset tokens are also sometimes referred to as “asset-referenced tokens”. They tend to be seen as the more reliable or stable type of token because they base their value on fiat currencies which tend to be more concrete and easy to follow.

Security Tokens

Security tokens are defined by Swiss law as offered to be sold to 20+ clients with the same conditions. For the most part, asset tokens and utility tokens cannot be considered security tokens. 

There are only two ways utility tokens can be considered security tokens. The first is if investors get them when the platform is not fully operational. The second way is if the token represents rights that can be “enforced against the issuer or third parties.”

The only way asset tokens can be considered security tokens is if the company offers the token for sale to 20+ people in a public sphere.

Should You Invest in Bitcoin or Crypto in Switzerland?

As you’ve learned, there are many benefits of investing in Bitcoin or crypto in Switzerland. Not only are taxes lower, but those in charge of making future laws are knowledgeable about crypto.

That helps the law remain relevant as time goes on and the industry changes.  It is also easy to dive into Switzerland crypto exchanges. When you buy Bitcoin in Switzerland (or other forms of crypto-currency), the whole system helps you and other foreign investors invest.

With how easy investing in crypto is, it’s crucial to invest as soon as possible to get the most benefits from your investments.

Switzerland Crypto FAQ's

Is it easy to buy crypto in Switzerland?

Yes. Although the rules change in different parts of the country, it is generally a crypto-friendly country.

Can you buy crypto in Switzerland with a debit or credit card?

Yes. There are many ways to buy crypto in Switzerland, including debit and credit cards, bank transfers, and cash.

Can you buy Bitcoin anonymously in Switzerland?

Yes. Many companies allow you to buy Bitcoin anonymously. Learn about one of these companies in this article by The Fintech Times.

Can I sell my Bitcoin whenever I want in Switzerland?

For the most part, yes. Valid Switzerland crypto exchanges must happen between two wallets. The only time that more rules apply is when trading any token that represents any claim against a third party or an issuer.

Best Crypto Exchanges in Switzerland Recap
Best Crypto Wallets in Switerland Recap