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How to buy eCredits in Switzerland
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Frequently asked questions
The future of eCredits is highly dependent on the overall performance of the crypto industry.
You need to make sure you are employing the appropriate strategy when it comes to investing
in ECS. For those with a high holding capacity and sound financial standing, this type of
investment seems like a good option. ECS also exposes users to a global technology and an
expanding ecosystem. Given that scarcity often leads to price increases, the value of eCredits is
also anticipated to rise further according to some experts. However, we recommend that before
purchasing ECS you should conduct the maximum research possible.
According to the deadline settlement document of Swiss Federal Tax Service (SFTA), the tax year in Switzerland runs from January 1 to December 31 each year. Crypto holders are taxed depending on the rates published by the FTA by the end of the fiscal year (31 December). Your crypto taxes should be reported in your annual tax return where you also report ordinary income from employment.
According to the tax legislation by SFTA, income from cryptocurrency mining and staking is declared as taxable income for tax purposes. Mining considerations can qualify either as employment income or as income from self-employment.
eCredits are available for less than one dollar. In this case, the minimum number of eCredits
you can probably buy is determined by the minimum purchase amount that your exchange
allows. The minimum payments start at $10 in our exchange.
There are two factors that affect the cost of cryptocurrency purchase. The price of the cryptocurrency itself and the exchange commission. Our exchange is practically one of the cheapest means to buy crypto since it does not charge any exchange fee.
Users of eCredits use an eWallet app, which simulates a non-custodial cryptocurrency
wallet. This means that only you have access to your assets and can store them.
Nobody else can access or restore your private key, and only you are permitted to send
or receive assets. On a decentralized blockchain, every transaction is safe and
inaccessible. This eWallet also allows users to connect with third party centralized or
decentralized applications or exchanges. Please note that in order to ensure your
assets’ security, User Account, Secret Phrase and the Private keys should be kept
personal and you may not share your credentials with anyone. You are solely
responsible for remembering, storing, and keeping your credentials in a secure location;
therefore, it is recommended to back up your information so that you can safely retrieve
them in case it was lost.