Here's a simple guide to buying crypto in Switzerland:
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STEP 1: Choose a trusted crypto platform that follows Swiss regulations.
STEP 2: Sign up and verify your identity to comply with Swiss AML and KYC regulations.
STEP 3: Deposit fiat funds using your preferred payment method.
STEP 4: Place a buy order for your desired cryptocurrency.
STEP 5: Once purchased, your cryptocurrency will be in your account wallet.
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Remember to invest wisely and consider the risks involved in crypto trading.
What are the best ways to buy crypto and bitcoin in Switzerland?
In Switzerland, you have several options for converting your cryptocurrency. Here are the primary methods:
Cryptocurrency exchanges
A crypto exchange is an online platform where users can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and other digital assets. These exchanges fall into two categories: centralized and decentralized.
Centralized exchanges function as marketplaces for various crypto transactions. They are operated by a single entity that manages user accounts and keys. Users rely on these exchanges to handle their assets and transactions.
Decentralized exchanges (DEXs) operate on the blockchain, enabling crypto trading without a central authority. They use automated market makers (AMMs) or order books to match trades, with users holding funds in smart contracts.
📚Read More: Centralized vs. Decentralized Crypto Exchanges
Bitcoin ATMs
Cryptocurrency ATMs, also called Bitcoin ATMs or BTMs, allow users to purchase Bitcoin and other cryptocurrencies using cash.
Like traditional ATMs, users can deposit cash and select their desired cryptocurrency, receiving the appropriate amount. Conversely, they can also deposit cryptocurrency and receive cash after verification.
There are 130 ATMs scattered across Switzerland. Most of them are in Basel, Bern, Biel/Bienne, Chur, Genève, Ipsach, Lausanne, and Locarno.
📚Read More: Bitcoin ATM Withdrawal Guide
P2P platforms
Peer-to-peer (P2P) platforms enable direct trading of crypto assets between buyers and sellers. These platforms provide enhanced privacy compared to typical online transactions and facilitate trading various cryptocurrencies using diverse payment methods.
Crypto wallets
Crypto wallets serve as secure storage for digital assets, allowing users to store, send, and receive cryptocurrencies.
While wallets don’t typically facilitate the direct purchase of crypto, some, like swissmoney, offer integrated features enabling users to buy and sell crypto assets within the app.
This functionality provides a convenient solution for managing funds, as users can access both their crypto and fiat currencies from a single platform.
With swissmoney and similar wallets, users can easily streamline their transactions and maintain control over their digital assets.
📚Read more: Crypto Wallet vs. Exchange: Which Suits Your Cryptocurrency Strategy
OTC desks
An OTC (Over-the-Counter) desk is a platform for large crypto investments between buyers and sellers, arranged by the desk as a matchmaker instead of using a regular exchange.
OTC trading happens directly between two parties, bypassing public exchanges, and is also called off-exchange or pink sheet trading. Crypto brokers are beginner-friendly, with quick transactions and 24/7 support.
Regulated brokers ensure the safety of your funds, but they offer fewer cryptocurrencies, limited trading tools, and may have higher fees.
SBB ticket machines
In 2016, the Swiss Federal Railways (SBB/CFF/FFS) launched the option to buy Bitcoin at their ticket vending machines.
With over 1,000 machines in over 700 train stations, SBB’s network enables users to purchase Bitcoin using cash. However, SBB’s Bitcoin service entails high fees, ranging from 6% to 14%, depending on the transaction amount.
To buy crypto at SBB ticket machines in Switzerland, you only need to find an SBB machine with crypto purchasing options. Then, select the crypto option and follow the on-screen instructions. Complete the purchase and receive your crypto in your wallet.
📚Related: How To Invest in Crypto Safely
Looking for an all-in-one solution? Discover swissmoney
Introduced in 2021, the swissmoney wallet is a versatile solution for holding and spending cryptocurrencies created by Swiss experts. It prioritizes security and ease of use, addressing challenges traditional banks encounter with cryptocurrencies.
Users can deposit, receive, sell, and buy Bitcoin and other cryptocurrencies, transfer fiat money, and obtain a payment card with high daily spending limits.
Main features:
- Accessible in over 210 countries and territories.
- Offering both crypto and traditional financial services.
- Advanced security measures including KYC, 2FA, and biometric identification ensure asset protection.
- No rigid restrictions on card payments.
- Dedicated IBAN accounts for effortless global transactionsin both crypto and fiat.
- Multiple deposit options for your convenience.
Best crypto exchanges to buy Bitcoin in Switzerland
Picking the right crypto exchange in Switzerland depends on personal preferences. Here’s a brief look at some of the most popular exchanges in the country. Two types of wallets can hold a decentralized digital currency:
Centralized exchanges (CEXs) are like traditional stock exchanges, run by one company and holding users’ funds. They’re easy to use and have low fees, but their popularity may affect cryptocurrency decentralization.
Decentralized exchanges (DEXs) are different platforms for trading cryptocurrencies. They’re not controlled by one company and use smart contracts for trading through automated market makers (AMM). It makes them more secure but may be a bit harder to use.
Best centralized exchanges
#1 Crypto.com
Crypto.com, based in Singapore, is a major crypto exchange with over 80 million users worldwide. It also has its token, Cronos. Founded in 2016 as Monaco in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, the company changed its name to Crypto.com in 2018.
Main features:
- Wide range of supported cryptocurrencies.
- Advanced trading tools.
- Robust security measures.
#2 Bitstamp
Bitstamp, a European cryptocurrency exchange founded in 2011, facilitates trading in fiat currency, Bitcoin, and various other cryptocurrencies. It was established as an alternative to Mt. Gox in Europe.
Bitstamp offers free fiat currency deposits through the European Union’s Single Euro Payments Area, simplifying transfers between European bank accounts.
Main features:
- Reliable security measures.
- Competitive fees.
- A wide range of advanced trading features.
#3 Bybit
Bybit is a popular platform for trading between regular money and cryptocurrencies. It offers competitive features and lets users buy and sell digital assets using traditional currency.
Bybit provides various withdrawal methods and prioritizes security. It’s a reliable platform with automated trading options and a wide range of assets.
Main features:
- Many types of cryptocurrencies.
- Strong liquidity and trading volume.
- Security features like an insurance fund.
#4 Kraken
Kraken is a US-based cryptocurrency exchange founded in 2011. It lets users trade various cryptocurrencies.
However, in 2023, the SEC accused Kraken of selling unregistered securities through its staking service. This service allegedly involved selling investment contracts without proper registration.
Main features:
- Up to 26% annually in staking rewards.
- Real-time and reference rate indices.
- A wide range of trading pairs.
#5 OKX
OKX stands out as a premier cryptocurrency exchange with a significant global presence, ranking second in trading volume worldwide and catering to over 50 million users across the globe.
Founded by Star Xu in 2017, OKX provides a robust platform for investors to buy Bitcoin, Ethereum, and a wide range of other cryptocurrencies.
Main features:
- Extensive selection of cryptocurrencies and trading pairs.
- A comprehensive suite of advanced trading tools.
- Competitive trading fees.
📚Read More: Best Crypto Exchanges in Switzerland
Best decentralized exchanges
#1 Uniswap
Uniswap is a well-liked platform for trading Ethereum tokens. It’s simple to use and can handle many transactions. If you want to trade different Ethereum tokens easily, Uniswap is a great option. Its user-friendly design makes it easy to navigate.
Main features:
- Abundant liquidity.
- Extensive range of ERC-20 tokens.
- User-friendly interface.
#2 Curve
Curve is excellent for seamlessly trading stablecoins with minimal price fluctuations, operating across multiple blockchains to provide numerous options. It’s ideal for those seeking stablecoin trading without significant price fluctuations.
Main features:
- Specializes in stablecoins and pegged assets.
- Compatible with multiple blockchains.
- Facilitates trading with minimal slippage.
#3 SushiSwap
SushiSwap began as part of Uniswap but has grown into its decentralized exchange. It offers features like earning extra money through farming and staking. You can use it on different blockchains, and its community runs it.
Main features:
- Supports multiple blockchains
- Developed by the community
- Offers options for yield farming and staking
#4 1inch Network
1inch isn’t like other decentralized exchanges. It brings together the best features from many DEXs. This aggregator finds the best prices by combining liquidity from different sources. It’s excellent at reducing fees and preventing losses from price changes.
Main features:
- Combines liquidity from various DEXs
- Focuses on finding the best prices and minimizing fees
- Relies on smart contracts
#5 SwissBorg
SwissBorg is a Swiss fintech platform offering services like wealth management and trading. Also, it has a token called CHSB. Through its mobile app and investment tool, it combines decentralized and traditional financial assets.
Main features:
- No spreads or hidden fees.
- A versatile crypto platform for investing, buying, selling, and swapping.
- A user-friendly interface is perfect for beginners in cryptocurrency investing.
📚Related: Best Decentralized Crypto Exchanges
Best crypto wallets to buy Bitcoin in Switzerland
#1 Crypto.com wallet
The Crypto.com DeFi wallet is a decentralized option that empowers you to manage your private keys. This non-custodial personal wallet grants access to diverse DeFi services. It facilitates storing, swapping, and earning interest on tokens, emphasizing both flexibility and security.
Main features:
- Multiple chains to manage assets efficiently.
- Over 1000 tokens.
- Advanced security features.
#2 Trust Wallet
Trust Wallet is a Web3 wallet for crypto transactions, Bitcoin purchases, NFT management, and DApp exploration. It’s available as a mobile app or browser extension. With features like Secure Enclave and biometrics, Trust Wallet prioritizes security and privacy without needing personal details.
Main features:
- Access to Web3 DApps and DeFi protocols.
- No requirement for personal data.
- NFT marketplace.
📚Read: How to Withdraw From Trust Wallet
#3 Bitcoin Suisse wallet
Bitcoin Suisse is a leading Swiss company in crypto-finance and technology, offering services like brokerage, custody, lending, staking, and payments.
One of its standout features is its state-of-the-art wallet, designed for versatility and convenience to help customers manage their finances effectively.
Moreover, Bitcoin Suisse offers a crypto certificate, which is a paper wallet that is easily transferable, and an offline medium of storage for blockchain-based assets.
Main features:
- Over 40 cryptocurrencies.
- Bitcoin Suisse Vault is an institutional-grade, highly secure cold storage solution.
- A clear summary of the crypto market to compare different cryptocurrencies available for trading.
- Portfolio management.
#4 Skilling wallet
The Skilling wallet is a component of the Skilling platform, a Scandinavian fintech company established in 2016. It offers various financial services, including trading currency pairs, company shares, commodities, indices, and cryptocurrencies.
Main features:
- A fast and industry-leading average execution time of 0.05 seconds.
- A user-friendly interface.
- Trade Assistant tool designed for new traders.
📚Related: Best Crypto Wallets
Best crypto P2P platforms to buy Bitcoin in Switzerland
#1 Paxful
Paxful is a peer-to-peer cryptocurrency exchange where users can trade Bitcoin and other cryptocurrencies directly, without middlemen. It offers various payment methods and a mobile wallet app for managing holdings.
Main features:
- Multiple payment options like online bank transfers, Apple Pay, and PayPal.
- Easy-to-use interface for mobile and desktop.
- Available in over 150 countries and supports over 20 languages.
- Continuous assistance, FAQs, forums, and 24/7 account monitoring.
📚Related: Buy Crypto with Apple Pay
#2 Bisq
Bisq is a decentralized peer-to-peer cryptocurrency exchange where users can buy and sell cryptocurrencies directly without relying on intermediaries.
Unlike centralized exchanges, Bisq doesn’t store users’ funds, reducing risks. It matches buyers and sellers through a network of nodes, enabling direct trades.
Main features:
- No need for personal information during signup.
- Support for multiple fiat currencies and cryptocurrencies.
- Open-source software for transparency and community development.
#3 LocalCoinSwap
LocalCoinSwap is a trading platform where users can directly trade Bitcoin, Ethereum, and other cryptocurrencies. It’s user-friendly and offers both custodial and non-custodial trading options.
You can check other traders’ profiles and feedback and use various payment methods, including fiat currencies and cryptocurrencies.
Main features:
- Thorough guidance during trading.
- Over 300 local payment methods.
- No trading fees.
#4 LocalBitcoins
LocalBitcoins is a peer-to-peer Bitcoin exchange platform based in Helsinki, Finland. It facilitates local currency trading for bitcoins, where users can post advertisem*nts stating exchange rates and payment methods for buying or selling bitcoins.
Other users can then respond to these advertisem*nts and make payments using the specified methods.
- Offers services to more than 200 countries.
- Over 300 payment options.
- LocalBitcoins earns money through different sources, including trade transaction fees, withdrawal fees, user rating fees and other service fees.
#5 CG24 Group
CG24 Group, also known as CreditGate24, is a Swiss peer-to-peer lending platform that provides financing to real estate developers and individuals through Direct Marketplace Lending.
It collaborates with SwissBorg, a Swiss blockchain-based wealth management platform, to merge traditional finance with decentralized finance (DeFi), aiming to offer customers a seamless financial experience.
Main features:
- Decentralized banking.
- Peer-to-peer lending.
- The auto-staking protocol.
- It leads financial innovation in the crypto space, using blockchain to create secure, user-friendly services.
Best OTC brokers to buy Bitcoin in Switzerland
#1 Coinbase Prime
Coinbase Prime operates an OTC crypto trading desk for financial institutions. It offers block trading, algorithmic orders, margin finance, and advanced market data.
Additionally, it provides financing solutions like lending, margin, and shorting to refine trading strategies in different market conditions.
Main features:
- Access to major exchanges.
- Secure storage of various assets.
- Lending, margin, and shorting options.
#2 Genesis
Genesis is a trading firm that deals in digital currencies like Bitcoin and Ether. They’ve been in operation since 2013 and handle billions of dollars in trades every month. Their services are for institutions and individuals with at least $10 million in assets.
- Regulated by FINRA and the SEC.
- Genesis holds a Bitlicense in New York.
- Offer various cryptocurrencies and tailored solutions.
#3 Kraken OTC
Kraken OTC offers personalized service with a dedicated account manager for trading and settlement. It provides a variety of cryptocurrencies for more trading options and competitive pricing.
Catering to high-net-worth individuals and institutions, Kraken OTC seamlessly integrates with Kraken’s regular exchange for easy account transfers.
Main features:
- Clients receive one-on-one service.
- Trades can be conducted over chat.
- A Request-For-Quote system facilitates custom trades.
- Flexible settlement options are provided within 24 hours.
Note:
- All information provided is dated 15 March 2024 and may have been updated since. Please check each platform’s official website for the latest information.
How to buy Bitcoin in Switzerland safely
When buying Bitcoin in Switzerland, it’s essential to follow precautionary steps to ensure a smooth and secure experience.
Step #1: Select a reputable platform
To do this, you should evaluate various crypto platforms by checking Trustpilot reviews for reliability, monitoring social media engagement, and reviewing news articles for positive or negative coverage. Choose platforms with a solid track record and no major issues to minimize risks.
Step #2: Prioritize security
Look for a crypto platform with robust security measures such as encryption, two-factor authentication (2FA), cold storage, regular audits, and insurance.
Remember that the FDIC does not insure cryptocurrency exchanges or cryptocurrency itself, so ensuring platform security is vital for protecting your investments.
Step #3 Start with small investments
Only invest money you can afford to lose due to market price volatility and conduct thorough research before investing in any cryptocurrency.
Additionally, diversify your investments across different cryptocurrencies to lower risk and stay informed about the latest news and trends in the crypto market.
Step #4 Be aware of taxes
Understand that owning cryptocurrencies is taxed as income and considered property, while businesses trading them are taxed on profits.
Familiarize yourself with the tax regulations to avoid surprises and ensure law compliance. By following these precautionary steps, you can confidently and securely navigate the process of buying Bitcoin in Switzerland.
📚Related: Best Crypto Friendly Banks in Europe
How to choose the best crypto platform to buy Bitcoins in Switzerland
When choosing where to buy Bitcoins, consider these important points:
#1 Explore different options
There are various ways to buy Bitcoins in Switzerland. Decide which method suits you best, whether managing your assets on your phone or using a Bitcoin ATM.
#2 Check availability and ease of use
Make sure the platform is available in your country and supports the cryptocurrencies you want. Look for an easy-to-use interface and real-time market data. Platforms that work on various devices like smartphones and computers are convenient.
#3 Compare fees:
Different platforms have different fees. Some charge for deposits, while others don’t. Make sure to check trading fees as well to avoid any surprises.
#4 Check security:
Look for platforms with robust security measures like encryption and password protection. Choose ones with two-factor authentication (2FA) for extra security. Also, ensure there are options for account recovery and backups in case your device is lost.
📚Read More: How to Choose Crypto On and Off-Ramp Platform
What are the top payment methods for buying crypto in Switzerland?
#1 Bank transfer
Several crypto exchanges in Switzerland accept bank transfers, also known as wire transfers, for buying Bitcoin and other cryptocurrencies. In this case, all you have to do is open your bank account and make a bank transfer.
Unlike SEPA transfer, wire transfer processes faster, often within the same or next business day. However, bank transfers may have higher fees and a broader geographic reach beyond the eurozone.
📚Read: How to Transfer Crypto to Bank Account
#2 Credit and debit cards
Certain exchanges and platforms in Switzerland enable purchases of cryptocurrencies using credit and debit cards, providing a swift and straightforward payment option.
The time for credit and debit card transactions to finalize ranges from a few minutes to several days. It depends on the platform’s processing and your bank’s policies.
📚Read: Best Crypto Debit Cards
#3 SEPA transfers
SEPA transfers are commonly used in Switzerland to deposit funds for buying cryptocurrencies on platforms. They typically take 1-2 business days to process. However, it can vary depending on the bank and platform.
📚Read: A Comprehensive Handbook to SEPA Bank Transfer
#4 Cash
Cash is yet another payment method for buying crypto in Switzerland. You can exchange your cash for crypto at Bitcoin ATMs, or you can use it at SBB ticket machines.
#5 Cryptocurrency
Some platforms allow crypto-to-crypto trading, enabling users to buy cryptocurrencies using stablecoins or other digital assets. Transactions may take a few minutes to several hours.
Is cryptocurrency legal in Switzerland?
Cryptocurrency is legal in Switzerland and accepted in some cities, although it’s not considered official tender nationwide.
Though not recognized as standard currency, this legal standing permits diverse crypto platforms to function within Switzerland, fostering a favourable regulatory landscape for cryptocurrencies and attracting investment endeavours.
What regulations govern cryptocurrency in Switzerland?
According to specialists, while the European Union has been watching, it hasn’t acted on regulating them until the Fifth Anti-Money Laundering Directive introduced a definition of virtual currencies to EU law.
Reports from the European Securities and Markets Authority and the European Banking Authority in 2019 shed more light on the EU’s stance. Switzerland has been a leader in crypto developments.
The Swiss Financial Market Supervisory Authority (FINMA) oversees virtual currency regulation in Switzerland, including decentralized finance (DeFi). It has legalized cryptocurrency exchanges in the country with the requirement for necessary licenses.
The crypto regulations in Switzerland include:
- Swiss Anti-money Laundering Act (AMLA)
- Swiss Anti-money Laundering Ordinance (AMLO)
- FINMA Anti-money Laundering Ordinance (AMLO-FINMA)
- Self-Regulated Organization (SRO) rules.
What are the tax implications for crypto transactions in Switzerland?
In Switzerland, cryptocurrency taxes are generally favourable. Here’s what you need to know:
Capital gains tax
- Private Investors: Typically, individuals holding cryptocurrencies as personal assets don’t pay capital gains tax.
- Commercial Traders: If your crypto activity is deemed professional trading, your gains are taxed as income at rates up to 35%.
Wealth tax
- All crypto holdings must be declared on your tax return at their fair market value, regardless of their purpose.
- Tax rates vary by canton and are generally lower than income tax.
Staking and lending income
Income from staking or lending cryptocurrencies is taxable and must be reported on your tax return.
Why buy Crypto on swissmoney?
Our platform offers seamless transactions between fiat and cryptocurrency, making buying Bitcoin, Ethereum, and more easy.
With robust security measures, regulatory compliance, dedicated IBAN accounts, and virtual payment cards you can instantly fund with crypto, swissmoney provides a streamlined crypto experience.
Whether you’re a beginner or an experienced user, swissmoney offers an easy way to manage your crypto assets.
Methodology: How we chose the top crypto buying platforms in Switzerland
We thoroughly reviewed various methods and platforms for buying cryptocurrency in Switzerland, considering features, costs, supported currencies, and platform reputations. We sought platforms with strong security, fair fees, and advanced trading options.
Our summaries quickly look at each platform’s features and deposit methods.
FAQs
Can I buy Bitcoin in Switzerland?
Yes, you can buy Bitcoin in Switzerland through different exchanges and platforms since holding and trading crypto is legal there.
How can I buy Bitcoin online in Switzerland?
Using crypto voucher cards, you can buy Bitcoin on crypto exchange platforms and peer-to-peer (P2P) marketplaces.
Is Switzerland a crypto-friendly country?
Yes, Switzerland is considered a crypto-friendly country. It ranks as one of the most friendly countries for cryptocurrencies globally.
📚Read more: Most Crypto-Friendly Countries Report
Is it safe to buy crypto in Switzerland?
It is safe to buy crypto in Switzerland as the country has a well-established cryptocurrency ecosystem. Citizens can easily convert, buy, and sell cryptocurrencies with fiat and deposit or withdraw crypto at Bitcoin ATMs.
Where can I buy Bitcoin from Switzerland?
In Switzerland, you can purchase Bitcoin from different sources, like Bitcoin ATMs, ticket vending machines of the Swiss Federal Railways (SBB/CFF), and online exchange platforms.
What is the easiest way to buy Bitcoin in Switzerland?
The easiest way to buy Bitcoin in Switzerland is through crypto exchanges and at P2P marketplaces.
What are the most popular cryptocurrencies to buy in Switzerland?
In Switzerland, the top cryptocurrencies for purchase are:
- Bitcoin
- Ethereum
- Ripple
What are the fees for buying crypto in Switzerland?
In Switzerland, fees for buying crypto vary depending on the platform. Some platforms let you buy and trade Bitcoin for free, while others offer decreasing transaction fees starting at 0.5% for trading cryptocurrencies.
Which crypto exchange is best in Switzerland?
Determining the best crypto exchange in Switzerland can be challenging due to the numerous platforms. Each of them offers distinct features and advantages. Here are some popular choices:
- Kraken: Known for its excellent reputation and the ability to transfer CHF directly through a Liechtenstein bank account.
- Bitpanda: Offers a diverse product range and reduces fees for trading.
- Crypto.com: While making a lot of promotions recently and gaining attention, Crypto.com offers good incentives such as a debit card with cashback.
Which Bitcoin wallet is best in Switzerland?
The best Bitcoin wallet for users in Switzerland includes options like swissmoney, MetaMask, and OKX. These wallets allow easy buying and selling of Bitcoin.
When choosing a wallet, consider security, usability, and compatibility with various cryptocurrencies. Decide between a hot wallet (software) and a cold wallet (hardware device) based on your preferences and security needs.
Can you buy Bitcoin anonymously in Switzerland?
Yes, you can anonymously buy Bitcoin in Switzerland through P2P exchanges and other platforms.
Where can I buy Bitcoin with the lowest fees in Switzerland?
Below are several financial service providers offering the lowest fees for purchasing Bitcoin in Switzerland:
- Bitstamp: 0.00-0.06% maker fee and 0.006-0.08% taker fee.
- swissmoney: General 0.18% maker and taker fees.
- OKX: 0.00-0.14% maker fee and 0.03-0.23% taker fee.
Can you pay with Bitcoin in Switzerland?
Yes, you can pay with Bitcoin in Switzerland at various shops and businesses that accept Bitcoin payments. The swissmoney payment card lets you effortlessly pay with Bitcoin where accepted or instantly convert it to Euros at checkout.
📚Read: How To Pay With Bitcoins
How do I cash out crypto in Switzerland?
To convert cryptocurrency to cash in Switzerland, you usually sell Bitcoin or other coins for fiat currency. You can use crypto-to-fiat exchange services or trade on peer-to-peer (P2P) platforms. Keep in mind that these methods may involve withdrawal fees.
Here are the steps to follow:
- Choose a trustworthy platform that follows Swiss regulations.
- Verify your identity and deposit your crypto assets on the platform.
- Specify the amount and type of payment you prefer.
- Place a sell order for your chosen cryptocurrency.
- Receive the payment in fiat currency.
📚Read: How to Exchange Crypto for Fiat
Alternatively, you can use crypto payment cards like the swissmoney card to spend your cryptocurrency in real life.
These cards work just like regular Visa or Mastercard debit cards, converting your cryptocurrency into traditional money during transactions. This allows you to spend cryptocurrency directly without converting it to fiat currency first.
Crypto cards offer better transaction privacy and lower fees than traditional exchanges. However, these cards may support only a few virtual currencies. Also, there could be currency conversion fees as a third-party provider holds your crypto funds.
📚Learn: 10 Best Crypto Debit and Credit Cards
Read More:
- 12 Best Crypto Exchanges in Europe
- The Best Prepaid Cards for Travel
- How To Buy Crypto with a Prepaid Card?
- How Long Does It Take to Send and Receive Bitcoin?
- How to Buy USD Coin (USDC) Instantly
- How to Sell Crypto in Switzerland
