Can you Buy Crypto with UBS Bank in Switzerland?

Yes, investors can link their UBS Bank accounts to regulated Swiss cryptocurrency exchanges and deposit Swiss Francs (CHF) and other currencies. This method for funding digital asset trading platforms is generally instant and free on leading exchanges. We recommend that investors use FINMA-licensed platforms and avoid unregulated options like Binance, which may pose potential custodial risks.

How to Buy Bitcoin and Crypto with UBS Bank

The safest and easiest way to invest in Bitcoin and crypto assets using UBS Bank in Switzerland is through a regulated exchange. These platforms enable investors to instantly deposit CHF from their bank account using various methods, including bank transfer, SEPA transfer, UBS Bank debit card, and credit card.

Follow this concise 4-step guide to get started with our recommended broker, eToro:

  1. Register for a free account on eToro and complete the onboarding process.
  2. Click the 'Deposit Funds' button on the bottom left of your screen.
  3. Choose 'CHF' or 'EUR' and your preferred payment method, then transfer funds from your UBS Bank account.
  4. Finalize the deposit and use the search bar to purchase your desired token.
Buy Crypto with UBS Bank

What are the Fees?

Depositing Swiss Francs (CHF) using UBS Bank is entirely free on eToro for bank transfers, including CHF withdrawals. However, if you deposit funds from a debit card or credit card, you will incur a fee of 2.49% which is charged by the card provider (VISA or Mastercard) and not the platform.

The other fee investors will need to consider is the spread between the buy and sell price of the crypto asset you want to buy. The spread on eToro averages at around 1%, which is much more competitive than popular alternatives like Coinbase, which charges more than 1.5%.

Is UBS Bank Crypto-Friendly?

Yes, UBS Bank is a crypto-friendly financial institution in Switzerland that allows its clients to transfer funds to Swiss Financial Market Supervisory Authority (FINMA) or European Securities and Markets Authority (ESMA) regulated exchanges. This means that account holders do not need to be concerned about the potential for account freezes or blocked transfers when depositing or withdrawing Swiss Francs (CHF) to licensed crypto brokers.

Bottom Line

In summary, purchasing Bitcoin and crypto assets with a UBS Bank account in Switzerland is secure and straightforward when using a FINMA-regulated exchange. Based on our analysis, we recommend the eToro platform due to its fast and affordable deposits and extensive range of cryptocurrency and traditional assets. Their platform is also a well-regulated and trusted exchange that has been in operation since 2008, making them a safe and reliable way to start your crypto investing journey.