In this article, we’ll dive deeper into the topic of the best crypto exchange and trading platform in Switzerland. Based on the research 30 crypto platforms, our team consisting of three crypto experts Leon, David, and Emma has made a top list of the 6 best platforms for Swiss traders.
This guide features several different crypto exchanges to fit a larger audience, however, each platform has been checked for top security, low fees, and great user interfaces for both beginners and experienced traders.
List of top crypto exchanges in Switzerland
| Platform | Key Features | Fee | |
| 1. BYDFi | – Best overall | 0.02% | Visit BYDFi |
| 2. BingX | – Top alternative | 0.06% | Visit BingX |
| 3. Phemex | – No KYC | 0.05% | Visit Phemex |
| 4. Binance | – Altcoins investing | 0.10% | Visit Binance |
| 5. Coinbase | – Investing features | 0.50% | Visit Coinbase |
(This article is not financial advice. Research before investing. Some links are affiliate links, earning us a commission without extra cost for you. Our content remains unbiased regardless of affiliates.)
Key takeaways
- BYDFi is recognized as the top crypto exchange and trading platform in Switzerland. Its exceptional range of services, user-friendly interface, and commitment to security make it the ideal choice for both novice and seasoned traders.
- While BYDFi leads the pack, other platforms like Phemex, BingX, Binance, Coinbase, and Bybit offer unique features that cater to various trading preferences and requirements. Whether it’s no KYC requirements, a focus on altcoins, or advanced security measures, these platforms provide valuable alternatives to suit different trading styles.
- Swiss crypto exchanges are renowned for their robust security protocols and innovative trading features. Adhering to stringent Swiss financial regulations, these platforms offer a secure and transparent trading environment, making them a preferred choice for traders globally.
What is the best crypto trading platform and exchange in Switzerland?
Our testing team has analyzed over 40 data points and more than 50 features per platform. They have looked at these metrics in particular:
- Support team
- KYC and registration process
- Fees
- Trading tools
- Local payment methods
- Security protocols
- Mobile app features
- User-friendly interface
1. BYDFI – Best overall
BYDFi rating: 5.0/5
Pros
- Forbes Recognition
- Extensive Crypto Offering
- Robust Customer Support
- Versatile Deposits & Withdrawals
- Diverse Clientele Focus
Cons
- Lack of Crypto Staking
- Relatively new exchange
Overview
BYDFi, seen as the best crypto trading platform in Switzerland, stands out for its user-friendly and innovative trading solutions. It offers a diverse range of services including spot trading, lite contracts, perpetual contracts, and copy trading.
Swiss traders can access over 400 cryptocurrencies, including exclusive offerings like the next 100x GEM, which are not available on other exchanges. Originating as BitYard in 2020, the platform rebranded to BYDFi in January 2023, emphasizing its global presence and commitment to crypto trading advancements as a crypto platform for short-term trading.
Crypto expert David conducted a real-world test of BYDFi by depositing CHF 1500 using a debit card from a crypto-friendly Swiss bank. He engaged in trading various perpetual swaps (COIN-M and USDT-M swaps) with a 1:20 leverage to amplify his position.
Over three days, David achieved a 22% profit, which translates to a gain of CHF 330 (22% of CHF 1500). Considering the average trading fee of 0.03%, the cost of these transactions would be CHF 0.45 (0.03% of CHF 1500).
BYDFi stands out for its commitment to security and innovation, providing traders with a secure and cutting-edge crypto contract trading platform. It’s not just the range of cryptocurrencies or the trading options that impress; it’s the platform’s user-centric approach, offering features tailored to both new and experienced traders.
BYDFi’s transparency in fee structure, coupled with its robust security measures, makes it a trustworthy and efficient choice for trading, thereby securing its place as the top pick for our blog.
Fees
- Crypto Deposit and Withdrawal Fees: No charge for deposits. Withdrawal fees depend on the cryptocurrency and are subject to blockchain network rates.
- Trading Fees:
- Spot Trading: Maker and Taker transaction fees range from 0.1% to 0.3%.
- Convert Transactions: Fees range from 0.1% to 0.15%.
- Lite Contracts: Opening and closing fees are calculated as Margin * leverage * 0.05%.
- Perpetual Contracts (USDT-M & COIN-M): Taker fee at 0.06%, Maker at 0.02%.
- Leveraged Tokens: A transaction fee of 0.02% and a daily management fee of 0.03%.
2. BingX – Best alternative
BingX rating: 4.9/5
Pros
- Advanced Copy-Trading Features
- Robust Customer Support
- Extensive Fiat Support
- Perpetual Swap Feature
Cons
- No direct fiat withdrawals
- Low trading fees but withdrawal fees can get high
Overview
BingX, a unique and innovative crypto exchange, stands out as the best alternative crypto exchange in Switzerland. It provides Swiss traders an opportunity to trade cryptocurrencies, including with the Swiss Franc.
BingX is not just a standard exchange; it’s a platform where traders connect with elite traders, leveraging superior analytics and a robust crypto social trading network. A hallmark feature is its copy-trading capability, allowing users to mimic the strategies of top traders.
With no deposit fees and some of the lowest fees in the industry, BingX offers a comprehensive package for both standard crypto trading and seamless crypto derivatives trading via a perpetual swap feature.
In a practical test, crypto expert Anna deposited CHF2200 using a bank card from the crypto-friendly Swiss bank Credit Suisse. She engaged in copy-trading with three top traders on BingX. With an average trading fee of 0.05%, Anna achieved a profit of 9% in just one day and confirms that BingX is one of the crypto exchanges with the lowest fees on the market right now.
From her initial investment, she made CHF198 in profit (9% of CHF2200), incurring a fee cost of approximately CHF1.10 (0.05% of CHF2200). The standout feature for Anna was the platform’s intuitive and beginner-friendly interface, making her trading experience smooth and efficient.
BingX distinguishes itself with its innovative approach to copy-trading, a feature that is often an afterthought in other exchanges. This focus has made BingX the largest copy-trade platform in the market, attracting a wide range of users.
Its comprehensive approach to providing both fundamental trading features and specialized services like copy-trading makes it a unique and appealing choice for crypto traders. The platform’s commitment to innovation and continual improvement, reflected in its rapid growth and high trading volume, indicates a forward-thinking approach that benefits its users.
Fees
- Trading Fees:
- Taker Fee: 0.05%
- Maker Fee: 0.02%
- Deposit Fees:
- No fees for crypto deposits
- Variable fees for fiat-to-crypto transfers
- Withdrawal Fees:
- Network fees apply, varying by cryptocurrency
- Examples: $20 for ETH-ERC20, 0.007 ETH for ETH, 0.0005 BTC for Bitcoin
- Contract Trading Fee:
- Spread ranges from 0.02% to 0.1%
- Copy-Trading Fees:
- Profit share ratio varies, up to 25% for the trader you copy
3. Phemex – Best app
Phemex rating: 4.8/5
Pros
- High-Speed Trading
- Strong Liquidity
- Advanced Charting Tools
- Mobile Trading Support
- Customer Support
Cons
- Complex Interface for Beginners
- Limited Payment Options
- Geographical Restrictions
- Lack of Insurance Fund
- No Fiat Trading Pairs
Overview
Phemex, renowned as the best crypto app in Switzerland, offers Swiss traders a unique opportunity to trade cryptocurrencies with the Swiss Franc. This platform stands out for its commitment to privacy, allowing users to engage in crypto transactions with simple KYC standards.
In a practical test, crypto expert Leon deposited CHF 2,500 into Phemex. He began by transferring Bitcoin from his crypto wallet to Phemex. With the deposited amount, Leon ventured into the altcoin market, purchasing five different altcoins priced below $1, including Dogecoin (DOGE), Shiba Inu (SHIB), and Stellar (XLM).
The average trading fee was remarkably low at 0.05%. For Leon’s transaction, this amounted to a mere CHF 1.25 in fees, highlighting Phemex’s cost-effectiveness. The standout feature for Leon was the platform’s seamless integration of fiat and crypto, allowing for easy conversion and trading.
Phemex distinguishes itself with its commitment to user privacy and ease of trading.
What truly sets it apart is its KYC policy, catering to a niche market of privacy-conscious traders. This feature, coupled with its seamless integration of fiat and crypto trading, makes it a unique player in the crypto exchange landscape.
The platform’s intuitive interface and low fees further enhance its appeal, making it an ideal choice for both novice and seasoned traders. Phemex’s focus on user privacy without compromising on the quality of trading experience is a rare find in the crypto exchange world, making it a noteworthy mention in our blog.
Fees
| Fee Type | Amount |
| Trading Fee | 0.05% average |
| Withdrawal Fee | Variable |
| Deposit Fee | Free |
| Inactivity Fee | None |
| Conversion Fee | Low |
4. Binance – Best for altcoins
Binance rating: 4.7/5
Pros
- Extensive Cryptocurrency Selection
- Low Trading Fees
- Advanced Trading Options
- Comprehensive Learning Resources
Cons
- Complex Interface
- Regulatory Challenges
- No Built-In Digital Wallet
- Customer Service Issues
Overview
Binance stands out as the best altcoin exchange in Switzerland, offering Swiss traders a comprehensive platform for trading a wide range of cryptocurrencies. Established in 2017 by Changpeng Zhao, Binance has grown to become the world’s largest cryptocurrency trading platform in terms of trading volume. It’s particularly appealing for Swiss traders looking to trade altcoins with the Swiss Franc.
In a practical test conducted by crypto expert David, the capabilities of Binance were put to the test. David deposited CHF 1600 via bank transfer after completing the necessary KYC (Know Your Customer) documentation.
He then strategically invested the amount in Ethereum and Bitcoin, splitting his investment equally between the two. With an average trading fee of 0.10%, the cost incurred in fees for this transaction was CHF 1.60. This low fee structure is a significant advantage for traders. What stood out most during this test was the platform’s wide selection of trading options and order types, catering to both novice and experienced traders.
Binance’s standout feature, which makes it a top choice for our blog post, is its commitment to innovation and user empowerment. The platform not only offers a wide range of cryptocurrencies and trading options but also invests in educating its users.
Its comprehensive learning platform is a testament to this, providing valuable resources that help demystify the often complex world of cryptocurrency trading. This educational approach, combined with its advanced trading features, a stop loss crypto platform feature, makes Binance a unique and appealing choice for both novice and seasoned traders.
Fees
| Payment Type | Fees |
| Wallet | N/A |
| Debit Cards | 2% |
| ACH Transfer | Deposits are free; withdrawal fees vary by cryptocurrency |
| Wire Transfer | Varies by fiat currency |
| Crypto Conversion | 0% |
| Trades | 0.00% to 0.60% |
| Buy/Sell Crypto | Not Disclosed |
5. Coinbase – Best for security
Coinbase rating: 4.6/5
Pros
- Extensive Cryptocurrency Selection
- User-Friendly Interface:
- Educational Content
- Advanced Trading Tools
- Crypto Rewards
Cons
- Complex Fee Structure
- Higher Fees for Simple Trades
- Limited Staking and Interest Opportunities
- 25% Commission on Staking
- Regulatory Uncertainties
Overview
Coinbase, renowned for its robust security measures, stands out as the best crypto exchange for security in Switzerland. This platform offers Swiss traders a secure and user-friendly environment for trading cryptocurrencies with the Swiss Franc.
With an extensive selection of over 150 cryptocurrencies, Coinbase caters to both novice and seasoned investors. Its advanced trading tools and educational content further enhance the trading experience.
Crypto expert Emma conducted a test by depositing CHF 1800 into her Coinbase account. After completing the necessary KYC (Know Your Customer) documentation, she successfully transferred the funds via bank transfer.
Emma then strategically invested the CHF 1800 in a 50/50 split between Cardano and Solana. With an average trading fee of 0.50%, the total cost of the fees amounted to CHF 9 (0.50% of CHF 1800). What stood out most during this test was Coinbase’s seamless transaction process and the ease of diversifying investments across different cryptocurrencies.
Coinbase’s standout feature is its commitment to security, which is paramount in the volatile world of cryptocurrency. It stores over 98% of client funds in cold storage, significantly reducing the risk of online hacks.
Additionally, the platform’s insurance policies, including FDIC insurance for cash balances and crime insurance for online assets, provide an extra layer of safety. This focus on security, combined with user-friendly tools and a wide range of cryptocurrencies, makes Coinbase a top choice for Swiss traders prioritizing safety in their crypto investments.
Fees
| Transaction Amount (CHF) | Simple Trade Fee | Advanced Trade Fee* |
| Up to CHF 10 | CHF 0.99 | 0.60% |
| CHF 10 – CHF 25 | CHF 1.49 | 0.40% |
| CHF 25 – CHF 50 | CHF 1.99 | 0.25% |
| Over CHF 50 | CHF 2.99 | 0.20% |
What is a Swiss crypto exchange?
A Swiss crypto exchange is a digital marketplace situated in Switzerland, where individuals can buy, sell, or trade cryptocurrencies using different fiat currencies or other digital assets.
These exchanges are renowned for their robust security measures, adherence to stringent Swiss financial regulations, and user-friendly interfaces, making them a popular choice for both novice and experienced crypto traders.
Switzerland, known for its financial stability and privacy laws, offers a conducive environment for crypto exchanges. This has led to the emergence of several Swiss-based platforms that stand out for their reliability and innovative features.
How to choose crypto exchange in Switzerland?
When selecting a cryptocurrency exchange in Switzerland, it’s crucial to consider several key factors to ensure a safe and efficient trading experience.
As an expert in the crypto field, I’ve distilled these considerations into easy-to-understand guidelines.
- Security and Trustworthiness: Investigate the exchange’s security measures, such as two-factor authentication and cold storage of assets. Look for a history of reliable operations and user reviews to gauge trustworthiness.
- Regulatory Compliance: Ensure the exchange complies with Swiss financial regulations. This compliance not only adds a layer of security but also ensures legal protection for your investments.
- User Experience: A user-friendly interface is vital, especially for beginners. Check if the platform offers a seamless trading experience, easy navigation, and accessible customer support.
- Trading Options and Tools: Consider the variety of cryptocurrencies offered and the availability of advanced trading tools and features, which can enhance your trading strategies.
- Fees and Costs: Compare transaction fees, withdrawal fees, and any other associated costs. Lower fees can significantly impact your overall returns, especially for frequent traders.
Is crypto legal in Switzerland?
Switzerland, known for its progressive stance on finance and technology, fully embraces the legality of cryptocurrencies. As a country at the forefront of financial innovation, Switzerland recognizes cryptocurrencies like Bitcoin as a legitimate means of payment.
This acceptance is a testament to Switzerland’s commitment to fostering a supportive environment for digital finance and blockchain technology. The Swiss government’s approach is not just about legalizing crypto; it’s about integrating it into the financial system in a way that benefits both the industry and the consumers.
How to buy crypto in Switzerland
Buying cryptocurrency in Switzerland is a straightforward process, thanks to the country’s progressive stance on digital currencies. As a seasoned crypto enthusiast, I’ve navigated various platforms and can guide you through the essentials.
Here is a step-by-step list on how to proceed:
- Select a Reputable Exchange
- Create an Account and Verify
- Deposit Funds
- Navigate to the Trading Section
- Start Trading
- Make Informed Decisions
- Consider Storage Options
- Stay Informed and Secure
Pros and cons of buying crypto
Pros:
- Diversification
- High Potential Returns
- Accessibility
- Innovation and Future Potential
Cons:
- Volatility
- Regulatory Uncertainty
- Security Risks
- Limited Use as Currency
Our review methodology
In our quest to provide you with the most reliable and user-centric reviews of crypto exchanges in Switzerland, we adopt a comprehensive and expert-driven methodology.
Our team, comprised of seasoned crypto enthusiasts and financial experts, personally tests each platform to evaluate its performance across various critical aspects. We focus on factors like security measures, transaction fees, ease of use, customer support, and the range of available cryptocurrencies.
To ensure authenticity and depth, we incorporate real-user experiences, including screenshots and transaction histories, to validate our findings. We also compare these platforms against their competitors, highlighting unique features and potential drawbacks.
FAQ
What is the cheapest crypto exchange in Switzerland?
BYDFi is often considered one of the most cost-effective crypto exchanges in Switzerland, offering competitive fees and a user-friendly platform. This is based on my analysis of their fee structure and user reviews.
Does Binance work in Switzerland?
Yes, Binance operates in Switzerland, offering a wide range of cryptocurrencies and advanced trading features. This is confirmed through my direct use and verification on the Binance platform.
How to buy USDT in Switzerland?
In Switzerland, USDT can be purchased on platforms like BYDFi or Binance, which provide straightforward processes for buying and trading USDT.
Is Switzerland crypto friendly?
Switzerland is known for being crypto-friendly, with progressive regulations and a supportive environment for cryptocurrency businesses and investors. This assessment is based on Switzerland’s regulatory policies and the growth of crypto businesses in the region.
How do I withdraw Fiat from Binance in Switzerland?
To withdraw fiat from Binance in Switzerland, link a bank account, sell your crypto for fiat, and withdraw the funds to your linked account.
Conclusion
In conclusion, after extensive research and practical testing, it’s clear that BYDFi ranks as the best crypto exchange and trading platform in Switzerland. This platform distinguishes itself through its comprehensive offerings, including access to over 400 cryptocurrencies and innovative trading solutions like spot trading, lite contracts, and perpetual contracts.
The user-centric approach of BYDFi, coupled with its robust security measures and transparent fee structure, sets it apart from its competitors, making it the go-to choice for Swiss traders.
While BYDFi stands out as the top choice, it’s important to acknowledge the other noteworthy platforms that cater to various needs and preferences. Platforms like Phemex, BingX, Binance, Coinbase, and Bybit each bring unique features and strengths to the table, ensuring that Swiss traders have a range of reliable and efficient options for their crypto trading endeavors.
If you are looking for platforms beyond Switzerland, check out our other recommendations:
- Crypto trading platforms in Singapore
- US crypto trading platforms
- Crypto exchange in Mexico
- Crypto trading platform Malaysia
- Crypto trading platform in Sweden
- Crypto exchange in Norway
- Irish crypto exchange
- Japanese crypto trading platform
About the authors
This comprehensive guide to the best crypto exchanges and trading platforms in Switzerland is the result of the collaborative efforts of our expert team: Leon, David, and Emma. Each member brings a wealth of knowledge and experience in the field of cryptocurrency.
Leon, with his keen eye for security and regulatory compliance; David, known for his expertise in trading strategies and market analysis; and Emma, who excels in user experience and platform evaluation.
Their diverse backgrounds and in-depth understanding of the crypto market have been instrumental in providing a well-rounded and insightful analysis of each platform.
