Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Postfinance does not offer direct cryptocurrency transactions within its online or mobile banking platforms. Nevertheless, Postfinance clients can venture into the digital assets arena by transferring Swiss Francs from their accounts to a licensed exchange, adhering to the guidelines established by the Swiss Financial Market Supervisory Authority (FINMA) and other relevant European agencies.
Our analysis indicates that eToro emerges as a prime choice for Postfinance customers. Being a trusted platform overseen by top-tier financial market authorities in Europe, it facilitates fast CHF deposits from all Swiss banks. Within eToro, users can navigate through an extensive portfolio featuring over 3,000 crypto assets, stocks, ETFs, commodities, and more, providing a well-rounded investment experience.
Can I Buy Crypto with PostFinance?
Yes, by leveraging your Postfinance account or debit card, you can safely venture into acquiring Bitcoin, Ethereum, stablecoins, and an array of other digital currencies. To get started, investors should sign up with a regulated cryptocurrency exchange in Switzerland that facilitates Swiss Franc transactions through the payment method of their choice. While Postfinance doesn't handle cryptocurrency transactions directly, it offers a contemporary banking infrastructure that supports seamless transfers to reputable digital asset marketplaces.
How to Buy Bitcoin and Crypto with PostFinance
The most effective way to buy and sell Bitcoin and cryptocurrencies with PostFinance is through a regulated exchange that provides swift & free bank transfers. Based on our evaluation, we recommend the eToro platform because it enables fast & low-cost SEPA bank transfers from PostFinance to trade over 3,000 cryptocurrencies, stocks, ETFs & more with competitive fees.
Follow this straightforward 4-step guide to begin:
- Sign up for a complimentary account on eToro and complete the onboarding process.
- Click the 'Deposit Funds' button located at the bottom left of your screen.
- Select the currency and your preferred payment method, then transfer funds from your PostFinance account.
- Complete the deposit and utilize the search bar to acquire your chosen token.
What are the Fees?
Embarking on cryptocurrency transactions via Postfinance necessitates understanding the likely incurred fees. These generally encompass deposit and withdrawal charges, transaction commissions, and price spreads.
Among the platforms catering to crypto enthusiasts, eToro stands out with its cost-efficient strategy. For Postfinance users, eToro offers affordable Swiss Franc (CHF) deposit options through SEPA transfers and reasonable transaction commissions. The platform employs a fluctuating spread fee system, generally around 1%, a more affordable alternative compared to platforms like Coinbase, where spread fees might exceed 2%.
Is PostFinance Crypto-Friendly?
PostFinance exhibits its commitment to customers' burgeoning interest in digital currencies by enabling the usage of authorized external cryptocurrency exchanges that conform to the Swiss Financial Market Supervisory Authority (FINMA) regulations. This approach enables PostFinance's customers to transfer CHF from their accounts to exchanges that adhere to Swiss or European regulations and standards designed to prevent financial misconduct, such as fraud and money laundering.
Consequently, when transacting with such compliant exchanges, PostFinance's customers can confidently delve into the realm of digital currency investments. They are reassured that their investments are not only safe but also in complete accordance with Swiss legal requirements.
In conclusion, PostFinance acts as a reliable conduit for clients keen on exploring the dynamic world of cryptocurrencies. Though it doesn't handle direct cryptocurrency transactions, it supports seamless Swiss Franc transfers to licensed exchanges like eToro, a platform noted for its swift transactions and extensive investment portfolio. This cooperative stance with regulated exchanges showcases PostFinance's commitment to nurturing a safe and compliant gateway into the realm of digital assets, thereby safeguarding their customers' interests in the evolving financial landscape.