I’ll go over How to Buy Bitcoin & Crypto with Swissquote in this post, breaking down the entire procedure step-by-step in an easy-to-understand manner for beginners.
You will discover how to create an account, make a deposit, buy Bitcoin and other digital assets, comprehend costs, and invest in cryptocurrencies safely with Swissquote.
What is Bitcoin?
The first decentralized cryptocurrency in history, Bitcoin, was introduced in 2009 by Satoshi Nakamoto, an anonymous developer. It uses a distributed public ledger technology known as blockchain, which records all transactions safely and openly without the use of banks or middlemen.
Compared to conventional financial systems, Bitcoin enables users to send and receive digital payments worldwide with reduced rates. It is rare and frequently likened to digital gold because to its restricted supply of 21 million coins. Bitcoin is still the biggest cryptocurrency in the world by market capitalization and is frequently used for investments, online payments, and inflation hedges.
How to Buy Bitcoin & Crypto with Swissquote
Example: Purchasing Bitcoin via Swissquote
Step 1: Open an Account with Swissquote
Visit the Swissquote site to the page that says “Open Account.” Fill the form with the required personal information and upload the required KYC (Know Your Customer) documents like passport/ID and proof of address. You will then have to wait a while until your account is verified.
Step 2: Deposit Money into the Account
Once the account is verified, log in and go to the “Deposit” page. From here you can use a bank transfer (or whichever method is supported) to deposit your funds. Make sure you also have a base currency in your account (USD, EUR, CHF, etc.).
Step 3: Open the Crypto Section
Once you’ve made the deposit, go to the dashboard of the trading platform and open the section related to trading cryptocurrencies.
Step 4: Buying Bitcoin
Find Bitcoin (BTC) in the list of cryptocurrencies and click on it. This will take you to the trading interface
Step 5: Create an Order
Type in the amount of money you would like to invest (for instance you can click on $500). After that select:
- Market Order – You will buy the Bitcoin immediately at the price it is going for
- Limit Order – You can set a price for when you want to buy the Bitcoin.
Please review the order and the transaction fees that will apply, then confirm the order.
Step 6: Keep An Eye On Your Investment
After executing the trade, the BTC will now be part of your portfolio. You can monitor the price changes, move BTC to an external wallet if the exchange offers that option, sell BTC at any time.
Cryptocurrencies Available on Swissquote
| Cryptocurrency Name | Symbol | Type / Notes |
|---|---|---|
| Bitcoin | BTC | Original cryptocurrency |
| Ethereum | ETH | Smart contract leader |
| Litecoin | LTC | Faster Bitcoin variant |
| Ripple | XRP | Cross-border payments |
| Bitcoin Cash | BCH | Bitcoin fork |
| Chainlink | LINK | Oracle network token |
| Stellar | XLM | Blockchain payments |
| Tezos | XTZ | Proof-of-stake platform |
| Cardano | ADA | Third-gen blockchain |
| Polkadot | DOT | Multichain protocol |
| Solana | SOL | High-speed smart contracts |
| Polygon | POL | Ethereum scaling solution |
| Avalanche | AVAX | Fast DeFi network |
| Uniswap | UNI | DEX governance token |
| Aave | AAVE | DeFi lending token |
| Cosmos | ATOM | Interoperability network |
| Algorand | ALGO | Pure proof-of-stake token |
| Filecoin | FIL | Decentralised storage |
| Maker | MKR | DAO governance token |
| Compound | COMP | DeFi lending competitor |
| Dogecoin | DOGE | Meme-inspired coin |
| USD Coin | USDC | USD-pegged stablecoin |
| USD Tether | USDT | Popular stablecoin |
| The Sandbox | SAND | Virtual world token |
| Axie Infinity | AXS | Gaming ecosystem |
| ApeCoin | APE | Community token |
| Audius | AUDIO | Music streaming token |
| Chiliz | CHZ | Sports engagement token |
| Enjin | ENJ | Gaming community token |
| Hedera Hashgraph | HBAR | Public ledger token |
| Decentraland | MANA | Metaverse token |
| Bancor | BNT | On-chain liquidity protocol |
Fees and Charges
| Fee Type | Charge | Details |
|---|---|---|
| Trading Fees (Buy/Sell) | 1.00% – 0.50% per transaction | Crypto trading fees decrease as transaction size increases. Standard starts ~1% and drops to ~0.5% for larger trades. |
| Dynamic Maker/Taker Fees | 1.00%–0.08% (maker) / 1.00%–0.18% (taker) | Depends on trading volume tier over past 30 days (lower fees for high volume). |
| Deposit Fees (Crypto Wallet) | No fee* | No deposit fee for crypto deposits ≥ USD 500; smaller deposits incur ~USD 10. |
| Withdrawal Fees (Crypto Wallet) | ~USD 10–15 | Flat fee for withdrawing crypto to external wallets (BTC typically USD 10). |
| Staking Fees | ~20% of rewards | Applied if you stake supported cryptocurrencies. |
| Custody / Holding Fees | None specific for crypto | Swissquote generally doesn’t charge separate custody fees for crypto holdings. |
| Currency Conversion Fees | ~0.95% (if applicable) | Charged when converting fiat currencies before trading crypto. |
Security Features
Regulated Swiss Banking License
As a licensed Swiss bank, Swissquote has a banking license from FINMA with positive reviews for its oversight and compliance.
Two-Factor Authentication (2FA)
Protects account logins and transactions from unauthorized access by adding another verification step, such as a text messages/sms or in an authenticator app.
Encrypted Platform Data
All user and transaction data are encrypted.
Cold Storage for Crypto
High risks are presented by the constant threat of hacks, therefore, a significant percentage of the clients’ cryptocurrency is stored in cold wallets, offline.
Segregated Client Accounts
Protection from loss due to negligence or worse by the company, is offered by having clients’ funds separate from the company’s funds.
Fraud Monitoring Systems
Systematic and automated surveillance for the purpose of identifying and reporting fraud is part of the system.
Secure Account Session Management
Account access is protected by random automated logouts, and monitoring of the IP and the devices is done to detect unauthorized access.
Regulatory Reporting & Compliance
Mf Swissquote undergoes continuous audits and so the company complies with the money laundering and KYC laws without prompt.
Risk & Considerations
Market volatility
If you buy Bitcoin and other altcoins, bear in mind the fluctuating prices as you could possibly lose your cash.
Fees can be higher
Compared to other crypto-dedicated exchanges, the trading and conversion fees at Swissquote may be higher.
Limited crypto selection
While the major tokens are supported on Swissquote, many specialty exchanges possibly accommodate some other emerging altcoins.
Regulatory changes
Crypto regulations are subject to change and this may influence trading in some geographical locations.
No full crypto wallet control
Depending on the service tier, you may not control your custody assets private keys.
Banking system reliance delays
With Swissquote banking system, there may be delays, for example, in the deposit of fiat currencies as compared to instant-exchange traders.
Currency conversion
If your account currency is different from the crypto trading pair, you may incur conversion fees.
Smart trading tokens illiquidity
Smaller tokens may be illiquid, thus there are wider spreads and possibly execution slippages.
Tips for Safe Crypto Investing
Start with Small Investments
As a new customer in the crypto industry, it is a good idea to start with an amount that could be tolerated as a loss.
Diversify Your Portfolio
Investing in other coins is a good strategy for an investor than placing an entire investment in one coin i.e. Bitcoin. Funds can be spread to other major coins, i.e. Ethereum.
Use Strong Security Practices
Accessing your account through other devices of the Wi-Fi is dangerous. It is advisable to enable your two-factor authentication, create a password that is strong enough, and do not use public Wi-Fi.
Think Long Term
If a trader does not want to be so emotional in his trading, it is advisable to focus on holding strategies than buying and selling in the market as the market is very volatile.
Know the Project Before Investing
Every crypto currency has its own technology, use case, team and demand. A crypto investor should focus on researching the above listed.
Do not buy or sell with Emotion
During price dips in the market, people usually sell out of fear while in price pumps they are driven to buy.
Look out for the relevant Fees and Costs
When trading, an investor should be aware of trading fees, spread costs and conversion costs to protect his profit.
Stay Updated on Crypto Regulations
A crypto investor should keep in touch with other crypto investors to update him on the regulations that regulate crypto.
Pros and Cons of Using Swissquote for Crypto
| Pros | Cons |
|---|---|
| Regulated Swiss financial institution with strong compliance | Fees can be higher than some crypto-only exchanges |
| Highly secure banking infrastructure and account protection | Limited selection of altcoins compared to major crypto exchanges |
| Easy fiat-to-crypto access for beginners | Not all accounts allow external wallet withdrawals |
| Integrated banking and investment services in one platform | Currency conversion fees may apply |
| Two-Factor Authentication (2FA) and encrypted data | Trading speeds and deposit times may be slower |
| Transparent pricing and reputation | May lack advanced trading features for experienced crypto traders |
| Segregated client funds and robust anti-fraud systems | Some advanced tokens or DeFi assets may be unavailable |
| Strong customer support and regulatory oversight | Withdrawal fees for transferring crypto off-platform |
Conclusion
Swissquote’s banking services add security and peace of mind for customers who are concerned with compliance and regulation. Step-by-step guides for funding your account and purchasing Bitcoin or Ethereum simplify account setup and verification.
If your banking needs are as important as strong security and regulatory protection to you, then Swissquote may be worth your consideration even though its fees are higher than pure crypto exchanges.
Compared to customers just looking to buy and hold crypto, customers who expect more from their service will find higher value for their investment. Regulators are increasing their attention to the crypto space and customers concerned with this development will appreciate services offered by Swissquote.
FAQ
What is Swissquote?
Swissquote is a regulated Swiss online bank and trading platform that allows users to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, and more in a secure, compliant environment.
Can anyone buy crypto on Swissquote?
Yes — individuals who meet Swissquote’s account requirements and complete identity verification (KYC) can trade crypto. Availability may vary by country.
Which cryptocurrencies can I buy on Swissquote?
Swissquote supports major digital assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), stablecoins like USDC and USDT, and many other tokens.
How do I fund my Swissquote account?
You can deposit fiat (e.g., USD, EUR, CHF) via bank transfer or other supported methods. Once funds are in your account, you can use them to buy crypto.
What fees does Swissquote charge for crypto?
Fees include trading fees (a percentage of the trade), potential currency conversion costs, and withdrawal fees for transferring crypto to external wallets. Exact amounts depend on trade size and currency.
