The Big crypto exchange comparison for Swiss is not limited to our national borders. This would not even be possible, after all, cryptocurrencies stand for decentralised handling.
Rather, in this crypto exchange comparison you will find an Comparison of fees, security and about the User friendliness different crypto brokers.
The following table gives you a Overview of the crypto exchanges tested on Schwiizerfranke. Afterwards we will dive even deeper into the individual points!
Relai App | Coinbase | Binance | Crypto.com | Bitpanda | Etoro | |
---|---|---|---|---|---|---|
💰 Fees & costs | Order fees: from 1% to 2.5% per spot trade Relai Private transactions between 0.5% and 1% (for large transactions of CHF 100,000 or more) Wallet fees None | Order fees: from 0.04% to 1.49% per spot trade + spread of 0.5% Coinbase Pro mitigates fees Fees for staking and other financial products depending on cryptocurrency and size of deposit Wallet fees None | Order fees: from 0% to 0.1% per spot trade. Other financial products such as futures, P2P, margin and collateral between 0.02% and 0.3% per transaction. Fee reduction via NBB-Stake possible. Wallet fees: None | Order fees: from 0% to 0.075% per Spot & Margin Trade No fees for Supercharger and Crypto Earn. Fee reduction possible via CRO-Stake Wallet fees None | Order fees: Fixed 1.49% for each spot trade Bitpanda Pro reduces fees to 0.1% to 0.15% Other fees depending on the financial product between 0.025% and 2.5% Wallet fees None | Order fees: Fixed 1% per spot trade + spread Wallet fees Inactivity fees of $10 after 12 months (resets after a login). |
📩 Deposit fee | CHF | CHF | CHF 0 | CHF | CHF | CHF |
🫰 Costs for a BTC purchase over CHF 1,000 | CHF 20 | CHF 19.90 | CHF 1 | CHF 0.75 | CHF 14.90 | CHF 14.95 |
✔️ Special advantages | Extremely beginner friendly Savings plan 🇨🇭 Headquarters and developed in Switzerland | Official approvals in the USA & Europe Simple user interface Company traded on the stock exchange Own Stable Coin (USDC) | Largest crypto broker in the world over 100 trading pairs Numerous financial products Low fees | Low fees Native Exchange, Wallet and DeFi App Free withdrawals up to CHF 10,000 per month | Many trading pairs Numerous financial products German-speaking provider from Austria | Very low fees Social Trading completely free deposits |
❌ Disadvantages | Limited to Bitcoin | High fees | No official licence for D-A-CH region | No official licence for D-A-CH region | Fees non-transparent as they are included in the price | No official licence for D-A-CH region |
🔒 Deposit guarantee | No hedges | Insurance for FIAT currencies. No hedging of cryptocurrencies | In-house SAFU fund | Insurance for FIAT currencies. No hedging of cryptocurrencies | No hedges | Deposit protection for FIAT up to EUR 20,000. No protection for cryptocurrencies. |
⭐ Schwiizerfranke Rating | ||||||
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Just like Online brokers for traditional financial products such as shares, futures or options, for example, there are no Crypto exchange fees.
Compared to traditional trading platforms, the Fees at crypto exchanges significantly lower. Order fees as we know them from our local stock brokers are not conceivable in the cryptoverse.
Nevertheless, there is one big thing in common: the Fee gobbledygook. Some crypto exchanges are non-transparent, some others use confusing language. The next provider scatters its fees on three different pages in several PDFs.
It is difficult to find your way through the jungle of fees. I'll do the work for you and summarise the most important ones, but not all of them (so as not to make it too complex and confusing). Crypto exchange fees together in this comparison.
Most brokers for cryptocurrencies do without Deposit feeswhen you see the SEPA Mandate or the conventional Bank transfer you use. It is important to know that there are often only limited cooperations with financial service providers. It is therefore possible that your bank will block a transfer to a crypto broker. Here you will therefore find alternative, free banks.
If you by bank transfer If you want to deposit money, you have to be very careful that you use the right references. Always check the Payee and the Intended use. Otherwise, in case of doubt, your money is lost.
Withdrawal fees are not uncommon. In the crypto exchange comparison, it is noticeable that these are low. In some cases, there is no fee for a withdrawal when certain framework conditions be fulfilled. For example, a payout below CHF 10,000.
Inactivity fees are not available on most crypto exchanges. Only eToro charges a monthly fee of USD 10 after 12 months. You can avoid this fee by eToro feeby logging into your account once a year. EToro has a unique selling proposition here, as this crypto broker is one of the most classic trading platforms and also offers share trading.
All other (pure) crypto exchanges waive this "special fee". Users use crypto exchanges like Binance, Crypto.com or Bitpanda not only for Trading, Staking or other passive income opportunitiesbut also as Wallet.
You can therefore store your cryptos with these brokers. Unfortunately Hacker attacks against crypto platforms have been successful time and again, which is why it is advisable to keep your cryptos in Hardware or cold wallets to store.
These are virtual wallets whose seed key only you know. In short: a private hardware wallet is very difficult to attackAs long as you keep your credentials safe and secure, preferably offline.
The Trading fees for many crypto exchanges are under 1%. In many cases even below 0.1%. About the possession of the In-house tokens (e.g. BNB at Binance) you can reduce the fees even further.
Compared to trading platforms such as Degiro or Swissquote the fees are very reasonable. A Minimum trading fee usually do not exist.
Otherwise, you should know that cryptocurrencies also have a Spread gives. This is the difference between the buying and selling price at the broker. The broker books the spread as profit.
Network fees is the cost of the blockchain itself. For example, when you send cryptos back and forth on the Ethereum Chain, a Fee for executing the transaction due.
Crypto exchanges have no influence on this fee, as it is determined solely by the blockchain. There are networks like the Binance Chain that keep the fees extremely low and are therefore preferred by many users.
In general, it is not recommended, Cryptos in ERC-20 format directly on the Ethereum chain. This is cost-intensive. Also the Bitcoin Blockchain has comparatively high fees.
At the Deposit and withdrawal of cryptocurrencies you must always keep the network fee in mind. It is always due and the brokers do not make any profit from it. This is how the blockchain works.
The crypto exchange comparison shows that Trading is no longer the main feature of the providers. Binance, for example, offers trading as well as Staking, Lending, P2P Loans, Launchpad and other financial products.
At Binance Earn you can either invest cryptos flexibly or freeze them for 30, 60, 90 or 120 days. This gives you a fixed yieldwhich is paid out every day. The provider takes a small percentage of this return.
Similar to the Binance Earn programme is the way many financial products work on other crypto exchanges. Crypto exchanges like Crypto.com, Bitpanda or Coinbase sometimes have different names for the example products mentioned. As a rule, however, they function very comparably.
Cryptocurrencies are currently operating in a almost completely unregulated market. Some countries have no clear guidelines, no licences or do not want to grant permits for this asset class.
Only when it comes to taxes are there clear rules within a very short time. We know it ...
Here are the Key details in the crypto exchange comparison summarised in terms of safety:
Well-known and large providers such as Binance and Coinbase repeatedly request the Licensing in different countries. Coinbase is a great pioneer and has already received approval in numerous countries.
Binance has had a harder time, but is finding more and more opportunities in individual countries. The broker also wants to gain a foothold in the D-A-CH region and establish a official licence catch up.
In many cases, crypto exchanges do not have the incentive to apply for numerous licences. This is partly because they do not want to be over-regulated and of course also has tax aspects.
Therefore Licences from Malta, Curacao or Cyprus not uncommon. The big disadvantage is the coverage for end customers from other countries.
As already alluded to, the usual licences from countries with loose regulation have big disadvantages in terms of hedging. For example, there are No deposit insurance. Or it is so small that it is almost ridiculous.
Crypto exchanges pick up again and again Insurances back and then advertise with a Sum insured of several million euros. Compared to the capital to be managed, however, this is often far too low and therefore pure window dressing.
Therefore, it is important to be careful here. If you only want to buy your cryptos and then store them, then buy them from a crypto broker and then buy them from a bank. Transfer them to your private wallet. You are covered with that.
Should you get the idea of Asset for saleYou can easily send the coins to any broker that suits you. This is one of the biggest advantages of crypto. You are Not tied to a crypto exchange and can send your assets back and forth easily and stress-free.
Are you planning further services such as Staking To make the best use of your crypto exchange, you should check your crypto exchanges on a regular basis. Check the development again and again and follow the crypto market on a macro level. It is also important that you think about future regulations to be able to react early enough.
Every crypto exchange in this comparison has a native app for Android and iOS. All functions are available on the mobile phone, tablet and computer. Occasionally there are even downloads in the form of a Desktop solution possible for the computer. Binance, for example, offers this and thus promises more security.
Crypto exchanges have a similar structure to conventional trading platforms. Some work with TradingView and offer the tools and views of the well-known trading tool.
In addition to the platform, the Account opening also on usability. The registration process is the same as usual. Enter your personal data, confirm your e-mail and log in. After that you have to Identify with KYC documents. The examination may take a few days.
In principle, this process runs analogous to the opening of an account with a digital bank. Simple, uncomplicated and fast.
Newcomers to the crypto world quickly lose track of things and cannot make sense of terms such as ERC-20, staking, miner and other jargon. This can lead, for example, to Problems with deposits and withdrawals lead.
It is therefore recommended that the FAQ section under the microscope. Especially if cryptos are completely new territory for you. Read up on this Crypto Guide a little and create basic knowledge for yourself.
As with any investment Preparation and knowledge of fundamental importance. Also to keep the risk low.
In the crypto exchange comparison, you have now learned that there is much more to consider than with classic trading platforms. Especially the Security, Regulation and Deposit protection is a sensitive issue.
When making your choice, you should always ask yourself what is most important to you. Low fees, a diverse product range, the Broker reputation (which can also provide security) or the Licensing and Deposit protection?
You have Experience with one of the presented crypto exchanges and want to share them with other Schwiizerfranke readers? Missing an important aspect in the crypto exchange comparison? You want Criticism or a Praise pronounce?
I look forward to your comment!
2 responses
Yep, I agree. Please test Kraken!
Binance I can't deposit CHF or EUR from Switzerland, so useless.
Kraken has a Liechtenstein bank account and you can transfer CHF directly, should definitely be on the list!