Best Crypto Exchanges in Switzerland 2023

There are hundreds of cryptocurrency exchanges available on a global scale. For people who are just getting started with the world of cryptocurrency trading, choosing the right Bitcoin exchange can be a bit tricky.

This can be especially difficult for those seeking bitcoin exchanges in Switzerland, as not every single exchange is available there.

To make the process of finding the best crypto Exchange in Switzerland a bit easier for everyone, today, we’ll review the best crypto exchanges in Switzerland available today. By the end of this review, users will be able to pick the best Swiss crypto exchange.

Cryptoassets are a highly volatile unregulated investment product. 

The Top Bitcoin Exchanges in Switzerland Reviewed

Through our research, we have found the 8 best crypto Exchange in Switzerland options that users can use in Switzerland. In the section below, users will find full reviews of each of these biggest crypto exchanges so users can make a well-educated decision as to which one suits their specific needs the most.

1. eToro – Best Overall Crypto Exchange for Switzerland and Worldwide

eToro is one of the best cryptocurrency brokers that offers social trading and a user-friendly mobile trading app. For traders looking to buy Bitcoin in Switzerland, eToro is a popular option as it supports low fees and tight spreads.

Through the usage of an eToro account in Switzerland, users are given the opportunity to buy Solana, Litecoin, Polkadot, Shiba Inu, XRP, and many other accounts. Furthermore, there are a variety of different payment methods that users can use, such as a debit card, credit card, PayPal, and other supported methods.

Notably, the minimum deposit that users need to make at eToro starts at just $50, and users can invest in digital assets from the very beginning. eToro is also considered as one of the best bitcoin exchange in Switzerland. Remember that you can buy cryptocurrencies starting as low as $10 as that is the minimum trade size, but you need to fulfill the criteria of the $50 deposit first.

eToro will even let users utilize a variety of different features. Users can essentially copy the actions of another eToro trader for a passive way through which users can get access to the crypto markets. Furthermore, eToro is regarded as one of the best social trading cryptocurrency platforms for beginners and expert traders as well. eToro is also fully regulated by the SEC and is a member of FINRA.

The exchange is also licensed by CySEC, ASIC, and FCA. There is also a native mobile application that users can download on both iOS devices as well as Android devices that’s fully free and gives users access to all of the features.

It is due to all of these features that we consider eToro as one of the best Switzerland crypto exchanges.

Cryptoassets are a highly volatile unregulated investment product. 

2. Crypto.com – Leading Exchange with its Native Cryptocurrency Token Cronos (CRO)

Crypto.com made a reputation for itself due to the fact that it offers low fees and even lets users earn passive income across their digital asset balance. For Bitcoin, as an example, there’s an APY of 6%. Furthermore, the exchange features its own native cryptocurrency token known as Cronos (CRO) that offers numerous use-cases, such as for the payments of the fees on the platform or for staking.

Crypto.com also has on offer what are known as interest-bearing accounts for a variety of different cryptocurrencies, and this can also be utilized through the usage of stablecoins.

Each user can lock their assets or set a flexible account with them, which can provide them with a high level of utility on the exchange.

Another notable feature surrounding the exchange is its well-optimized mobile application, which can be installed on devices running Android from the Google Play Store and those that run iOS from the App Store.

In terms of the payment methods that users can look forward to, users can use Mastercard, Visa, or e-wallets such as PayPal. Keep in mind that there is a fee of 2.99% unless users use cryptocurrencies, where the fee is just 0.40%. All of this makes it one of the best Switzerland crypto exchanges.

Cryptoassets are a highly volatile unregulated investment product. 

3. Bitstamp – Cost-Effective Cryptocurrency Exchange that Features Solid Tools

Bitstamp is one of the best and most popular cryptocurrency trading platforms that was originally launched in 2011 and has undergone numerous developments to establish a reputation of being a respected cryptocurrency exchange within the crypto sphere. While there are around 50 cryptocurrencies available, all of them can be traded with low fees. In fact, the fees start at 0.50% per trade, although they can even drop one step further to 0.25% at a point in time when users exceed $10,000 in monthly trading volume.

Furthermore, users are also given the opportunity to buy cryptocurrencies through the usage of a debit card or a debit card, but keep in mind that this has one of the highest fees associated with it at 5% per transaction. In any case, this is an ideal opportunity for those getting into buying cryptocurrencies for the very first time. The minimum trade amount is $10 and 0.0002 BTC for Bitcoin-denominated pairs.

Alongside the solid web-based application, there is also a mobile application that can be downloaded without any additional cost from the App Store on iOS or from the Google Play Store on Android, which opens up the exchange for people on the go. If users are looking for one of the best Switzerland crypto exchanges, this might be a solid option.

Cryptoassets are a highly volatile unregulated investment product. 

4. Coinbase – Well-established Exchange With a Large User Base

Coinbase is one of the best cryptocurrency exchanges when it comes to newcomer investors. The exchange serves over 70 million customers at the time of writing, many of which might prefer this specific option due to the fact that it has one of the simplest user interfaces out there.

Users can open up an account for Coinbase within the span of just a few minutes and invest in any cryptocurrency that is available on the exchange by connecting one of the many available payment methods, such as a credit card, debit card, or e-wallet option. Furthermore, users need to be aware that credit or debit card transactions are the priciest at 3.99%.

However, users can also use alternative methods that cost less. When it comes to its use case, it has a simple and well-designed mobile application, and each customer is required to verify their identity and enable two-factor authentication (2FA) for the highest level of security by default.

If users want to buy over 100 cryptocurrencies on a safe exchange that has a large user base and a well-established reputation, then Coinbase might be one of their most solid options in Switzerland.

Cryptoassets are a highly volatile unregulated investment product. 

5. Binance – A Crypto Exchange with The Lowest Fees for Commissions

If users are on the lookout for a cryptocurrency exchange that has some of the lowest fees, then users are looking for Binance.

This exchange has made a reputation for itself due to the fact that users can trade crypto-to-crypto pairs, such as BTC/ETH, for example, at just 0.10%. What this means is that if users would, for example, have a stake that would cost $100, all users would need to pay in fees is just $0.10.

There are also hundreds of cryptocurrencies available for users to pick from and trade. Additionally, if users are interested in buying cryptocurrencies with FIAT money, remember that there are additional fees.

For example, if users want to make a purchase with Visa or Mastercard, users would pay a fee of 4.5%. However, there is a solid mobile application, and there are a lot of useful trading features alongside the Binance launchpad and launchpool, which make it a solid offering for those that want to go beyond just simply trading cryptocurrencies. This is a go-to exchange for anyone looking for a cheap, well-established option, and it even has its own native cryptocurrency token known as BNB (BNB).

Cryptoassets are a highly volatile unregulated investment product. 

6. Bitcoin Suisse – First crypto payment processor in Switzerland to integrate Bitcoin Lightning technology

Bitcoin Suisse is a cryptocurrency exchange that was originally founded and launched in 2013 in Zug, Switzerland. It has held a crucial position when it comes to expanding the cryptocurrency space within Switzerland. Users are given the opportunity to buy, sell and even earn cryptocurrencies with a licensed and regulated Swiss company, and there is also a bank guaranteed by a state-backed Swiss Cantonal Bank, and there is even an audited cold storage solution.

According to the official website, ‘the clients trust this exchange with over CHF 5 billion in cryptocurrencies. The service also aggregates the best available market prices from across the most popular cryptocurrency exchanges on a global scale, and crypto-assets can also be traded against various FIAT currencies, which also makes this a solid option for beginners who are just getting into the crypto sphere for the very first time.’

7. Bity – Providers Users in Switzerland with Access to Popular Cryptocurrencies

Bity is a cryptocurrency exchange based in Switzerland that aims to enable users the possibility to buy and sell popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and even stablecoins. Furthermore, it supports FIAT money currencies like CHF (Swiss Francs) and Euro (EUR).

Furthermore, this is an exchange that is controlled by Swiss regulatory authorities and, as such, complies with all of the international AML regulations. KPMG is responsible for the process of auditing its operations. The company features a vast range of products as well as services, and users are given the opportunity to use FIAT money to get crypto and crypto to get FIAT money.

Bity even features a cryptocurrency ATM and other facilities when it comes to paying bills through online means and features API services as well as OTC desks which are a popular offering.

8. SIX Digital Exchange – First Fully Regulated FMI Digital Asset Exchange

SIX Digital Exchange is a digital asset exchange that aims to enable users the opportunity to access, store and even transfer digital assets. Alongside this, they offer services for professionals to access, transfer, and store value in the form of cryptocurrency.

They also offer a cryptocurrency bond that comprises two exchangeable parts.

There is what is known as  the digital part. This part got listed and traded on SDX Trading Ltd, and centrally held by the SIX Digital Exchange Ltd. The traditional part is then listed and traded on SIX Swiss Exchange Ltd. and centrally held by SIX SIS Ltd.

The company has made a reputation for itself due to the fact that it introduced this innovative approach. While it does not feature as many cryptocurrencies as other exchanges and is a bit more complicated to use, traders in Switzerland might feel a lot more comfortable using it as it is fully regulated. If users were looking for the best bitcoin exchange in Switzerland, hopefully now users have a heightened perspective.

The Best Switzerland Crypto Exchanges Compared

Ever wondered which crypto exchange in Switzerland had the most competitive fees in 2023?

How to Choose the Best Switzerland Cryptocurrency Exchange for You

Now that readers know a bit more about some of the best Switzerland crypto exchanges, the next step to take is to figure out which supplier or provider is right for their specific needs.

Regulation

Regulation can play a major role when it comes to the safety of a cryptocurrency exchange. Regulators are responsible for ensuring that a crypto exchange protects users’ funds and operates in a way that’s fair.

As such, it is crucial that users go over the regulatory status of a cryptocurrency exchange before users end up making an account or depositing funds into it. eToro, for example, is fully regulated by the SEC, which means that users can be sure about the legitimacy of the platform.

Tradable Cryptos

Another aspect to consider is the number of cryptocurrencies that are on offer at an exchange.

There are over 19,000 cryptocurrencies listed as of 2022, but most crypto exchanges don’t carry all of them. Ideally, users want to find an exchange that will provide as much variety as possible. For users who have specific cryptocurrencies in mind to trade, it’s important to find an exchange that offers these coins.

Sign Up Offers

The best bitcoin exchanges in Switzerland typically offer bonuses in the form of sign-up offers. These will typically provide a specific bonus like cash, cryptocurrency, or reduced trading fees.

Fees

Fair trading fees are important for beginners and experienced traders alike. Unfortunately, many cryptocurrency exchanges have complicated and hard-to-understand fee structures. This is one way that eToro stands out – every crypto trade comes with a flat 1% transaction fee and no hidden costs. Other exchanges might appear to offer lower fees, but watch out for credit card fees, wallet fees, and other charges.

Tools & Features

Another aspect of a cryptocurrency exchange that should be high up on users’ radar is the tools and features available through the exchange. While as a beginner, users will likely not utilize all of the features from the very start. Over time, as users get more comfortable with trading, they will need specific charting tools, candlesticks, and other features that will enable users to make market predictions. The best cryptocurrency exchanges have many trading tools and features available.

Payment Methods

Swiss users will typically want to find a cryptocurrency exchange that offers a variety of different payment options, from credit cards to debit cards, direct bank wire transfers, e-wallets, and even cryptocurrency wallets. The more options it has, the more chances users have of making a deposit and actually starting to use the exchange in question.

Watch out for high fees for specific payment methods, such as credit card payments.

Customer service

Most modern cryptocurrency exchanges rarely run into any issues.

However, there might come a point in time when users experience a bug or simply run into an issue and need assistance.

So, it’s a good idea to find an exchange that features a solid support team. Look for support by phone and live chat in addition to email. Whenever possible, 24/7 customer support is best since the crypto market never sleeps.

How to Use a Swiss Crypto Exchange

Ready to use a Swiss crypto exchange? The first step is to open an online account. For this example, we will be using eToro, but keep in mind that this process is similar to any other exchange listed here. Let’s dive in.

Step 1: Open an eToro Account

The first step users need to do in order to buy cryptocurrencies is to open an eToro trading account. To do so, navigate to the official eToro website and click on “Join Now.”

Users need to enter their email, and then pick a username as well as a password. On the next page, users must fill in their name, zip code, birth date, and even phone number.

Step 2: Complete The Know Your Customer (KYC) process

eToro requires users to complete the Know Your Customer (KYC) process. New users will need to upload proof of identity (a passport or government-issued document) and proof of address (a utility bill or bank statement). Typically, this is a process that takes 24 hours to complete.

Step 3: Deposit Funds

Next, users will need to make a deposit. eToro requires a minimum deposit of $50 whenever users open a new account. The exchange accepts payments by credit card, debit card, or e-wallet (bank transfers require a $500 minimum deposit).

Step 4: Set Up a Crypto Wallet

eToro offers users the option to store coins inside their eToro account. Users are not required to have their own crypto wallet in order to use eToro.

However, cryptocurrency wallets are highly secure and let users trade cryptocurrencies on a variety of different applications. eToro has its own wallet, known as eToro money which is free to download from Google Play or the Apple App Store.

Step 5: Search for a Cryptocurrency

Head over to the official eToro website and click on the search bar at the top of the dashboard. Enter Bitcoin, Ethereum, or another cryptocurrency, then click Trade.

Step 6: Buy Cryptocurrency

Enter the amount of the cryptocurrency to buy, then click Open Trade. Crypto will instantly be added to a user’s account.

Are Crypto Exchanges Legal in Switzerland?

In Switzerland, cryptocurrencies, as well as virtual currencies, are legal. However, they are classified as assets or as property. Exchanges are also legal in Switzerland. The Switzerland cryptocurrency regulation is progressive. In fact, users choose cryptocurrency exchanges based in Switzerland that are regulated by regulatory bodies present and active in Switzerland.

Crypto Tax in Switzerland

When it comes to taxation in Switzerland, for private investors, there are rules for securities trading, which qualify capital gains as tax-free if the following conditions are met. If the holding period is at least six months if the trading turnover is smaller than 5x the holding at the beginning of the tax period, and capital gains are smaller than 50% of the total income in the respective tax period. No debt financing and derivatives are solely used for hedging. Furthermore, every taxpayer gets a federal income tax allowance of 14,500 CHF that is tax-free.

There are many tax-free transactions in Switzerland, including buying crypto with FIAT currency like CHF, trading and spending crypto as a private investor, HODLing crypto, excluding the wealth tax on total assets, and transferring crypto between their own wallets.

These rules might change over time, so it is always a good idea to double-check all of the data prior to investing in crypto in Switzerland.

Conclusion

It’s important for new crypto traders to pick the best cryptocurrency exchange for their specific goals, ambitions, and preferred coins.

Based on our reviews of the 8 best crypto platforms in Switzerland, we think eToro is the best cryptocurrency exchange in Switzerland for most users. At eToro, users will find access to many cryptocurrencies, all of which are easily accessible through a fully regulated exchange.

Cryptoassets are a highly volatile unregulated investment product. 

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