Swissquote crypto trading: Your Gateway to Digital Assets
Embark on your digital asset journey with Swissquote crypto trading, a pioneering service that allows direct investment in underlying cryptocurrencies, not just CFDs. As the first bank globally to offer this, Swissquote provides a secure and regulated environment for engaging with the crypto market.
Clients can access a diverse range of digital assets, with plans for further expansion into crypto staking and lending services.
Swissquote Cryptocurrency List
The current Swissquote cryptocurrency list includes a total of 23 different cryptocurrencies. This selection encompasses some of the most popular and rapidly growing digital assets in the market.
- Dogecoin (DOGE)
- Polkadot (DOT)
- Cardano (ADA)
- Uniswap (UNI)
- And many more popular crypto assets.
Swissquote is continuously evaluating and expanding its cryptocurrency offerings to meet client demand and market trends.
Swissquote eTrading vs eForex for Crypto
Understanding the distinction between Swissquote eTrading vs eForex accounts is crucial for traders. The eTrading account is designed for comprehensive market access, including direct cryptocurrency investments.
- eTrading Account: Allows clients to trade cryptocurrencies alongside a vast array of products across 60 global market exchanges. This is the primary avenue for Swissquote crypto trading.
- eForex Account: Caters to traders interested in forex, CFDs, forwards, and options. It offers a more focused selection of 292 tradeable symbols, but does not include direct cryptocurrency trading.
While the eForex account offers a narrower selection compared to some competitors, the eTrading account provides extensive opportunities, particularly for those looking to trade crypto with a Swiss bank.
Swissquote Fees for Crypto Trading
When considering Swissquote crypto trading, it’s important to understand the associated Swissquote fees. The benefit of banking with a reputable Swiss financial institution often comes with a premium compared to low-cost forex brokers.
Cryptocurrency Trading Fees
Fees for cryptocurrency transactions within the Swissquote eTrading account are structured on a tiered basis, decreasing with higher trade values.
- Up to CHF 10,000: 1% of the trade value.
- CHF 10,000 to CHF 50,000: 0.75% of the trade value.
- Above CHF 50,000: 0.5% of the trade value.
There are no custody fees for cryptocurrencies. However, a $10 fee applies to deposits less than $500.
General Trading and Account Fees
Swissquote’s fee structure varies across its entities in the UK, Luxembourg, and Switzerland. The UK entity, Swissquote Ltd, generally offers lower costs and lighter deposit requirements but with a narrower product offering compared to its Swiss and Luxembourg counterparts.
For forex and CFD trading, spreads and commissions depend on the account type and entity. For example, in Switzerland, the Standard account for forex requires a $1,000 deposit with spreads starting at 1.7 pips on EUR/USD, while the Prime account, requiring a $50,000 deposit, offers spreads from 1.1 pips.
Trade Crypto Swiss Bank: Why Swissquote?
To trade crypto with a Swiss bank offers unparalleled security and regulatory oversight. Swissquote’s status as a regulated Swiss banking conglomerate provides a robust and trustworthy platform for your digital asset investments.
Beyond the direct buying and selling of cryptocurrencies, Swissquote also offers a wide range of traditional financial products, allowing for a consolidated investment portfolio. This integrated approach simplifies wealth management for individuals interested in both traditional and digital assets.
Verdict
Swissquote crypto trading stands out as a premier option for investors seeking a secure, regulated, and comprehensive platform to engage with digital assets. While Swissquote fees might be slightly higher than some budget brokers, the peace of mind and extensive offerings provided by a Swiss bank are significant advantages.
The ability to trade underlying cryptocurrencies, a diverse Swissquote cryptocurrency list, and plans for future crypto services solidify Swissquote’s position as a leading choice for those looking to trade crypto with a Swiss bank.
