SwissBorg is the new kid on the block of cryptocurrency players. Coming directly from Switzerland, this service offers the purchase via its app of crypto currency. Created in 2017 in Lausanne, SwissBorg manages over $2 billion in assets. The platform has more than 300,000 users and is growing by the day. It offers a Smart Yield service allowing savers the best return on crypto currency investments. It must be said that it is the most instinctive platform on the market.
⚠️ SwissBorg is only available on mobile app.
⚠️ SwissBorg only accepts wire transfers as a conventional money deposit.
To use SwissBorg, you just have to register on the platform. Registration is fast and secure. The service is quite complete, you can for example use the Stacking service to make your savings work at exceptional rates. Indeed, stacking allows a crazy 37% return on your assets in USDT. If you're interested, I'll talk about it in another article.
1) Registration
Go to this link to start the registration process. Fill in your phone number in the corresponding box. Then click on the "Claim your free CHSB" button. You will need to enter the code you received by text message to certify your phone number. You will then be prompted to download the SwissBorg application.
On the application: Enter your phone number again and complete the registration. Once the information is correctly filled in, choose a strong password, accept the terms of use, then click on the "Create an account" button.
2) Verification
On the major cryptocurrency providers, you will quickly be required to verify your identity. That is, you will need to send a copy of your ID. Not all platforms require identity verification from the start. For example, Binance offers a $150 deposit without verification. In the case of SwissBorg, the regulations require you to fill in your information when you open your account. This step is mandatory in any case and you will save time if you validate your account at the opening.
Make sure you have your verification document with you when you are ready to complete the registration, you will need to take a picture of its front and back.
Make sure your ID photo is legible, unblurred and whole. Once you have submitted your official document, you will then be asked to take a selfie. This is also to protect your account, if you lose your credentials, facial recognition could save your wallet.
Wait up to 30 minutes for the documents to be processed. Verification, when all your documents are sent, is usually very fast.
3) Buy
You are literally a few clicks away from being a lucky cryptocurrency holder. Now you need to buy cryptos. This action is like exchanging your government currencies for Bitcoins. To do this, click on the "Deposit" button located in the middle of the "Portfolio" tab. This will open a pop-up allowing you to select what you want to deposit in order to make the purchase.
The next page will show you the necessary information to make the transfer. Copy/Paste the Iban that SwissBorg offers you to fund your account in euros. The process is quite rigorous, because the bank account that sends the transfer must be in your name or you will be charged €25.
Once your transfer is available, you will need to click on the "Exchange" button just to the right of the "Deposit" button.
On the new window, you will need to choose the pair you want to exchange. Let's take the example of a Bitcoin purchase, from a transfer made in Euros. You first select the currency to be exchanged "EUR" and then the crypto you want to obtain "BTC". A keyboard allows you to directly fill in the amount to be exchanged.
The following screen allows you to recap your order and check the price at which you are buying your cryptos as well as the transaction fees. The fees are basic at 1% on SwissBorg. In case you don't want to pay any more fees on this platform, it is possible to switch your account to premium. This means that you will pay 0% for exchanges and transactions, but you will still have to pay 0.1% for withdrawals.
We have just written an article about the premium version of SwissBorg and the advantages for users. You can find the article here.
Start by depositing a minimum of €50 in order to be eligible for the opening bonus on SwissBorg. To do this, you will need to either deposit a minimum of €50 into your Swissborg account or transfer the equivalent amount in crypto via one of the currencies supported by the platform.
Right after receiving your payment in euros or cryptocurrency, you will receive a virtual scratch card. Scratch it to discover your winnings. It is possible to win between €1 and €100 in CHSB (SwissBorg's crypto). This amount will then be immediately available in your account.
Share SwissBorg with your friends to receive a new scratch card as soon as a friend deposits 50€ or more on the platform!
Comments