How to Buy Crypto with PostFinance

Can I Buy Bitcoin with PostFinance?

Yes, PostFinance enables you to invest in cryptocurrencies such as Bitcoin and Ethereum. This financial institution supports transfers to regulated cryptocurrency exchanges in Switzerland, under the supervision of FINMA. PostFinance provides various deposit methods in Swiss Franc (CHF), including bank transfers, direct debit, and PostFinance payments, making the process of investing in cryptocurrencies straightforward and accessible.

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How to Buy Crypto with PostFinance

PostFinance account holders can invest in cryptocurrencies through regulated platforms like eToro, which operates under European regulations. eToro facilitates quick Swiss Franc (CHF) deposits from PostFinance accounts via bank transfers, direct debit, and PostFinance payments. Offering a broad selection of over 4,500 assets, including cryptocurrencies, stocks, and ETFs, eToro serves as a versatile investment platform.

Here's a step-by-step guide to start investing in crypto on eToro:

1. Create an Account: Visit eToro's website, register, and complete the verification process for security.
2. Fund Your eToro Account: Go to the 'Deposit' section on the eToro dashboard to add funds.
3. Select Currency and Payment Method: Choose 'CHF' and a payment method linked to your PostFinance account.
4. Buy Cryptocurrency: Once your deposit is processed, use eToro’s search feature to find and purchase the cryptocurrency you want.

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What are the Fees?

PostFinance clients looking to invest in Bitcoin and other cryptocurrencies should consider several types of fees, including those for deposits, withdrawals, transactions, and spreads (the difference between buy and sell prices).

For PostFinance account holders, eToro provides a cost-effective solution. The platform supports efficient deposit methods such as domestic bank transfers compatible with PostFinance accounts. eToro is known for its competitive trading fees, employing a spread fee model typically around 1%, which is significantly lower than competitors like Bitpanda, where spreads can exceed 2%.

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Is PostFinance Crypto-Friendly?

Yes, PostFinance is supportive of cryptocurrency investments. The popular online bank facilitates fund transfers to digital asset platforms that comply with Swiss Financial Market Supervisory Authority (FINMA) regulations. This ensures that all transactions adhere to Switzerland's stringent regulatory standards.

Switzerland is renowned for its progressive stance on blockchain and cryptocurrency, with clear guidelines established by laws such as the Blockchain (DLT) Act. These regulations provide a secure framework for digital asset providers and initial coin offerings (ICOs). By enabling its clients to interact safely with compliant platforms, PostFinance underscores its commitment to a secure and regulated digital asset environment.

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About PostFinance

PostFinance, a leading Swiss financial institution, offers a variety of services including personal banking, savings accounts, and investment products. It is renowned for digital solutions like the PostFinance App, e-finance online banking, and the SmartSavings tool. Committed to security and compliance, PostFinance supports fund transfers to regulated cryptocurrency exchanges under FINMA guidelines.

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Bottom Line

In conclusion, PostFinance is a reliable and secure option for investing in cryptocurrencies like Bitcoin and Ethereum. By facilitating seamless transfers to regulated exchanges under FINMA supervision and offering competitive fees through platforms like eToro, PostFinance ensures a straightforward and accessible investment process.