Can I Buy Bitcoin with Swissquote?

Yes, Swissquote supports trading 45 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL). Using Swissquote’s SQX exchange, you’re trading real crypto, not derivatives. 

The platform aggregates liquidity for competitive pricing and allows 24/7 trading. You can also stake certain cryptos and securely store assets in your Swissquote wallet.

As a regulated Swiss bank, Swissquote offers strong security, but it’s worth checking other Swiss crypto exchanges that offer a more tailored experience for digital assets.

Best Alternative Platform to Swissquote for Crypto

Kraken is a top alternative to Swissquote, especially for those seeking more crypto variety. With over 280 cryptocurrencies and staking options, Kraken offers far more assets than Swissquote. It's a regulated exchange, allowing Swiss investors to make instant CHF deposits via bank transfers (SIC) or cards.

Here's how to start trading crypto with Kraken:

1. Create an Account: Sign up on Kraken and complete the KYC verification process.
2. Deposit Funds: Use the ‘Funding’ section to deposit CHF via bank transfer or card.
3. Select Your Crypto: Once your funds are available, browse the 280+ assets, and pick your preferred cryptocurrency.
4. Finalize Your Trade: Enter the amount, review the details, and confirm your purchase.

Swissquote Crypto Fees

Swissquote charges a 1% trading fee for transactions up to CHF 9,999, with rates dropping to 0.5% for larger trades. Staking fees hit 20% of rewards for assets like Ethereum and Solana. 

Kraken, by contrast, offers far lower trading fees, starting at 0.16% for spot trades and up to 0.05% for futures. Plus, Kraken provides instant CHF deposits with no fees via SIC or cards, a clear edge over Swissquote.

Is Swissquote Good for Crypto Investing?

Swissquote offers a secure, regulated environment for crypto, but the costs can stack up. Trading fees start at 1% and drop to 0.5% on larger trades, which is fine for occasional traders but pricey for those trading often. 

Staking fees are high too, with Swissquote taking 20% of rewards on assets like ETH, SOL, and ADA, cutting into your profits. The platform also falls short in variety, offering only 45 cryptocurrencies, which limits options compared to other exchanges.

While the platform is reliable, these costs may make it less attractive for active investors looking to maximize gains and optimize trade execution in crypto.

About Swissquote

Swissquote is a Swiss-based online bank regulated by the Swiss Financial Market Supervisory Authority (FINMA), offering a secure platform for trading, investing, and banking. It provides access to over 3 million assets, including stocks, ETFs, forex, and 45 cryptocurrencies. 

Known for Swiss banking standards, Swissquote combines robust regulation with advanced financial tools, making it a strong option for managing diverse portfolios in a trusted environment.

Bottom Line

In summary, Swissquote provides a secure, regulated platform for trading and staking cryptocurrencies, including Bitcoin and Ethereum. However, its higher trading and staking fees, combined with a limited selection of 45 cryptos, may not appeal to active investors.

For those seeking more variety and lower fees, other exchanges like Kraken may offer a more cost-effective and expansive crypto trading experience.