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Local restrictions - provision of cross-border services
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Landing - cryptocurrency launch
In the fast-growing world of cryptocurrencies, it would be a pity to limit one's investments to a single one. That is why we are offering you an opportunity to trade simply and easily in the in the five most sought-after currencies on the market.
The safety and security
of a renowned bank
of your portfolio
The 5 cryptocurrencies
in highest demand
5 cryptocurrencies, an infinity of opportunities.
Learn the benefits of each of the digital currencies we offer.
- First digital currency, created in 2009 by Satoshi Nakamoto, a month after the Lehman Brothers’ collapse
- The supply is limited to 21 million coins
- Grew 20 times in 2017 so far from 1000 to 18k dollars
- Key characteristics: anonymous, transparent, decentralized and easy to set up
- Often seen as the “MS Windows” of cryptocurrencies
- Platform used to develop decentralized applications
- Its inventor Vitalik Buterin developed the concept of “smart-contracts” which are programs executed on the blockchain
- Widely used to raise funds for blockchain projects
- Alternative to Bitcoin but based on the same open source code foundation
- Designed for micro-payments
- Litecoin can handle higher volumes of transactions than Bitcoin
- Takes 2.5 minutes to generate a block in comparison to Bitcoin’s 10 minutes
- The number of coins in circulation are higher: 84 million, versus 21 million for Bitcoin
- Both a payment network and a cryptocurrency
- All the coins are premined
- Very fast transactions (around 4 seconds) and a scalable network. The network can handle around 1500 transactions per second
- Very low transactions fees
- The Ripple network is already used by more than 75 financial institutions across the globe for cross-border payments
How can I trade cryptocurrencies?
The terms and conditions for trading are as follows:
You must hold a Swissquote trading account with cash available in EUR and/or USD. Currently, CHF is not available.
Do I have to pay custody fees?
No, custody fees are not applicable.
Where do I find the charts?
The performance graph is not available for the moment. This functionality will be added at a later date.
Where do I see my performance?
The performance is not available for the moment. This functionality will be added at a later date.
Can I use Swissquote as a “Wallet” (transfer in/out or make purchases)?
The portfolio, or Wallet, is not available. It is therefore not possible to realise transfers or acquisitions.
What is the settlement date of a cryptocurrency?
Settlement is instantaneous.
Which are the Sub-custodians used by Swissquote for Cryptocurrencies?
• Bitstamp Limited, 5 New Street Square, EC4A 3TW London, United Kingdom;
• Bitstamp Europe S.A., 10, Rue Antoine Jans, L-1820 Luxembourg, Luxembourg.
What is Swissquote’s current policy in relation to the treatment of Hard Forks and similar events?
While the treatment of Hard Forks and similar events (incl. "airdrops" and other token allocation events) is uncertain from a legal and practical perspective, Swissquote’s current policy in this regard is to make its best efforts to have its concerned clients benefit from such events, the way Swissquote deems appropriate. For more details, please refer to the Cryptocurrencies Trading Contract, in particular article 6, and to Swissquote’s communication on Bitcoin and Hard Forks dated 13 November 2017.