How To Buy Bitcoin In Switzerland

HOW TO BUY BITCOIN ​IN SWITZERLAND

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Presented by: Smart Bitcoin Investments We Want To Teach The World How To Invest In Cryptocurrency Author: Jeffrey Ito www.smartbitcoininvestments.com

2021 Lithium Gold Ventures, LLC All Rights Reserved.

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Table Of Contents Table Of Contents

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How To Buy And Sell Bitcoin In Switzerland

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Crypto ATMs In Switzerland

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The Online Trading Platform By Swissquote

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Bitcoin Trading Platforms

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1.

Coinbase

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2.

Paxful

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3.

Coinmama

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4.

CEX.IO

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5.

eToro

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6.

Kraken

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7.

Binance

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8.

OKCoin

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9.

Bitsmap

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Switzerland Cities In Switzerland

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How To Buy And Sell Bitcoin In Switzerland

Cryptocurrencies have taken the world by storm in the past decade. And this is quite normal since we have seen many influencers and philanthropists debating on cryptocurrencies. Bitcoin is one of the most dominant cryptocurrencies, which will be the main discussion in this article.

Switzerland is a financial hub with monetary and similar value items exchanged and channeled throughout the world. Switzerland is already allowing the use of Bitcoin on various forums for the direct buying and selling of Bitcoins. Swiss crypto bank is mainly responsible for Switzerland, cryptocurrency regulation. Here we will share with you deep insights regarding the swiss crypto exchange, trade, and bitcoin Suisse fees, along with various methods you can use to buy and sell Bitcoins.

Switzerland has crypto exchanges much more rooted throughout the country, and it is a lot more convenient and flexible to choose between crypto ATM’s, online trading, and several crypto exchanges. Let’s discuss each way to buy and sell Bitcoin in Switzerland.

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Crypto ATMs In Switzerland Switzerland is much more advanced in all sorts of crypto dealings, and hence you will find dedicated ATMs for crypto trading. These ATMs are similar in function like we have recently covered in Hong Kong. Bitcoin is accessible at many automated teller machines (ATMs) and ticket vending machines across Switzerland. In contrast, this alternative is quick and straightforward, and it also may concern some people due to the significant charges for using these devices, whether buying or selling bitcoin.

You can buy 100 – 500 Swiss francs worth of bitcoins at a time at any SBB/CFF railway station which has a computerized ticket evening machine. You can pay with money, or a debit card will work fine. Either way, you will have the convenience of dealing with Bitcoin instantly without any broker, hiccups, or lags. Bitcoin buys at SBB ticket vending machines are executed by Swiss-owned service provider Sweepay and Malta-based dealer The Rock Trading. You will be charged 6% as a transaction fee for using the crypto ATM.

The Online Trading Platform By ​Swissquote Swiss bank itself allows the buying and selling of Bitcoins through proper brokerage and legal channels. Such a big network in Bitcoin dealing means that this method holds its ground in Switzerland. This method allows licensed swiss banks and stockbrokers to validate the buying and selling of Bitcoin along with the crypto wallets which have the Bitcoins. The bank handles the whole activity, and the account is kept private and secured just like a regular bank account.

Though there are some limitations, presently, these are easily adaptable. You can only buy Bitcoin in USD and Euro. The fee levied upon the transactions are economical when compared to the method mentioned above. It charges a flat 1% on Bitcoin transactions worth up to 10,000 francs. For an amount ranging from 10,001 to 50,000 francs, the duty lowers to ¾, i.e., 0.75% if someone is a big buyer and holds the capacity to spend from 50,001 500,000 francs, Swiss bank levies half of the original duty.

Bitcoin Trading Platforms Dealing with Bitcoin is a sensitive matter. And you have to be careful in dealings because if someone can get hold of the specific key to your account, you can lose all your Bitcoins. So it is advised to only go with a trusted Bitcoin trading platform. Following is the list of some of the best internationally recognized Bitcoin trading services that have also lived up to Switzerland’s expectations. Everything has its own merits and demerits. We are not here to allure you.

Following is the in-depth insight into the benefits and demerits of some of the most profound Bitcoin trading platforms.

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1.

Coinbase

Coinbase is one of the most recognized platforms for buying and selling bitcoins. It’s a U.S based organization that extends its services across Switzerland. It comes with easy access to dedicated applications of both android and iOS users. The app itself is highly optimized to boost the user experience, which again contributes to the too premium experience offered by Coinbase. The colossal consumer base of Coinbase is the motivation behind the Coinbase regular updates and excellent customer support services. Coinbase allows a highly private and secure network, which is essential for any sustainable platform. Furthermore, the liquidity options provided by Coinbase makes it one of the best Bitcoin trading platforms in the rest of the competition. The transaction costs are much lower, and the payment methods are in abundance to choose the way that works best.

It has some cons too, which include the strong yet time tacking customer support. Bank transfers may take a while when making direct transfers. Both of the cons mentioned above of Coinbase are readily justifiable because they have such a vast audience. However, the merits are so subtle that these minor issues don’t make much of a big deal.

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Paxful

Paxful is also a straightforward way for your Bitcoin trading. However, it may be a little off for some users because it involves personal trading. It’s a diversified marketplace that offers great buyers and sellers. You can make a sound deal and trade just like that. It allows a great app that provides you details about the buyer and the sellers, so you know what you are dealing with. You can choose from a wide variety of consumers and make a detailed note before making any deal.

Further, it seconds the utility offered by providing over 300 methods for payments. You can buy and sell in almost any currency worldwide, which is ideal in a beautiful city like Switzerland, where thousands of tourists show up each year. It opens new doors for attractive buyers and sellers and also the option to explore trade exponentially.

There is only one collateral downside of Paxful, which is at risk of being scammed. Not everyone knows how to find the right persona and follow up correctly. We live in a society where, unfortunately, you can face a mishap. You have to make sure before making any transaction whether the person is authentic or not.

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Coinmama

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Coinmama first launched in 2013, and ever since, it has earned a level of trust and confidence from its users. The best thing we found about Coinmama is it delivers you the bitcoin instantly upon payment. Instant process coupled with a very high daily spending limit, which enhances the user experience. Coinmama has excellent customer support; it comes in multiple language support, making it one of the most customer-oriented crypto exchange platforms. The mobile app interface is very engaging, with every latest feature you will ever want on a crypto trading forum. The fee for Bitcoin purchase is at par with the rest of the lowest offerings in the market.

Almost everything is excellent about Coinmama. It has a superb verification process that lets only authentic people on the platform maintain a friendly and enjoyable environment.

Some users may find the verification process a bit tough, and also Coinmama doesn’t allow trading until the I.D. is verified. Customer support is excellent, but you can only contact customer support through email.

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CEX.IO

Cex.io is another leading platform for crypto trading. Initially, Cex.io was launched as a crypto mining service but later evolved and became a crypto trading giant. Let’s discuss what makes cryptocurrencies different from the rest of the competition. Firstly the fee charged on Bitcoin trading is relatively low, making it a lot easy to spend without calculating the charges per transaction. Exceptional security due to encrypted channels and safety protocols integrated into the mainframe systems. The cold wallet is there to protect the crypto funds of clients kept off-exchange. It also comes in a very convenient mobile app, much like other Bitcoin trading platforms.

The biggest drawback of all is if your profile is U.S.-based, then you cannot use Cex.io. Big players also have to hold back because there are somewhat scrutinizing daily limits over Bitcoin tradings. Overall, transaction completion time is a bit advanced due to such a high number of consumers to take care of.

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eToro

eToro offerings are slightly unconventional in a very positive way. It offers its users a range of educational tools to analyze the picture better and improve day-to-day trading. There are dedicated sections for social, political, and analytical insights. All validated payment methods are still there, including all sorts of bank and similar e-wallet transfers. The Bitcoin transactions’ charges are par with the average fee charges in the rest of the Bitcoin market. eToro has good customer support, but it’s not great. eToro is rich in innovation and versatility in Bitcoin trading, so it is prevalent among professionals.

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The main downside of eToro is its customer support. It doesn’t follow up on your case, but the time it takes makes the whole process off-centered. eToro provides a reporting time of up to seven days, which is substantial.

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Kraken

Kraken has generally come up as an excellent Bitcoin trading platform, yet not without the opportunity to get better. The trade has been known to experience issues on occasion when traffic and request volumes top. However, Kraken delivers an update to its Bitcoin trading platform among other cryptocurrencies. New updates are relied upon to improve both convenience and address site crashes at top exchanging times. Other than standard purchasing and selling of cryptocurrencies, Kraken likewise offers experienced consumers great incentives to promote more Bitcoin trading.

Kraken is not flexible with the payment options, and in most of the regions, it doesn’t even offer proper debit/credit card support. The customer support also lacks in terms of following up the matters at quick rates. Despite these two issues, the Kraken still joins up with the most prominent Bitcoin trading platforms to date.

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Binance

Binance is the world’s most significant online cryptographic money trade by exchanging volume.

As the world’s most considerable crypto trade by exchanging work, Binance Coin conveys its users with a full set-up of contributions. It understands the user’s level and adjusts the conveniences accordingly, and makes it easy for novice investors with detailed analysis and insights of the market. Both of which helps in deciding Bitcoin investing opportunities. Binance offers a very nominal fee, and the payment method is relatively easy to cope with. Validated payment methods, e-wallets, and third-party payment gateways, and long story short, the payment method will suit you no matter what way you go.

We are not selling for Binance, and there are demerits too. The verification process is clumsy for the users who want to stay anonymous during their Bitcoin tradings. KYC compliance makes it obvious to verify identity. Binance has a lot of advanced tools that may be hard to follow up for a newbie.

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OKCoin

OKCoin is a Chinese based Bitcoin trading platform that is currently dominating Switzerland’s crypto trading. SSL encryption ensures that there is no compromise in security. The credentials and account information sealed with encrypted channels. The bank transfer fee is kept relatively

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low, and the payment options are somewhat constrained. The overall user experience is refined and highly interactive. OKCoin serves in highly liquidity options, which are always great to have.

Customer response is excellent. Usually, queries get heard within an hour, which is much appreciated.

The only demerit we found was it took a little more time for the verification process.

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Bitsmap

If you are a regular Bitcoin trader, you might be familiar with Bitsmap. It is another well-managed and trusted platform for crypto trading. Specifically, for Bitcoins, it has emerged as a popular name in Switzerland. Cold storage wallets protect your funds off-exchange. The ease of using the system is also substantial, making it recommended for intermediate and expert traders.

Charges levied upon the Bitcoin exchange are nominal concerning the rest of the market.

Payment options are flexible through the use of debit/credit cards and bank wire transfers. Also, the bitsmap has an affiliation with Swissquote, which increases its authenticity and viability in Switzerland.

It shares its demerits with Binance. KYC compliance leaves no room for anonymous buyers and sellers to pursue their trading here.

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Switzerland

Country

Switzerland

Capital

Bern

Total Number of Bitcoin ATMs

101

Webpage

https://www.smartbitcoininvestments.com/buy-bitcoin-in-switzerland/

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Cities In Switzerland # of Bitcoin ATMs

City

Page

Basel

https://www.smartbitcoininvestments.com/buy-bitcoin-in-basel/

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Bern

https://www.smartbitcoininvestments.com/buy-bitcoin-in-bern/

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Biel/Bienne

https://www.smartbitcoininvestments.com/buy-bitcoin-in-biel-bienne/

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Chur

https://www.smartbitcoininvestments.com/buy-bitcoin-in-chur/

1

Geneve

https://www.smartbitcoininvestments.com/buy-bitcoin-in-geneve/

Gottlieben

https://www.smartbitcoininvestments.com/buy-bitcoin-in-gottlieben/

1

Lausanne

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lausanne/

12

Lugano

https://www.smartbitcoininvestments.com/buy-bitcoin-in-lugano/

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Luzern

https://www.smartbitcoininvestments.com/buy-bitcoin-in-luzern/

2

Neuchâtel

https://www.smartbitcoininvestments.com/buy-bitcoin-in-neuchatel/

1

Saint Margrethen

https://www.smartbitcoininvestments.com/buy-bitcoin-in-saint-margreth en/

1

Schaffhausen

https://www.smartbitcoininvestments.com/buy-bitcoin-in-schaffhausen/

1

St. Gallen

https://www.smartbitcoininvestments.com/buy-bitcoin-in-st-gallen/

2

Winterthur

https://www.smartbitcoininvestments.com/buy-bitcoin-in-winterthur/

2

Zug

https://www.smartbitcoininvestments.com/buy-bitcoin-in-zug/

2

Zurich

https://www.smartbitcoininvestments.com/buy-bitcoin-in-zurich/

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