Buy Ethereum
in Switzerland

Trusted by Ethereum buyers, you can buy and trade Ethereum in Switzerland and 100+ countries on Blocktrade without any fees easily. 

Ethereum
Switzerland

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Learn More about buying ETH in Switzerland

How to buy Ethereum in Switzerland

Is ETH a good investment in Switzerland?

In its simplest definition, Ethereum is an open infrastructure based on blockchain technology on which decentralized computer programs can be run. The decentralization of Ethereum means that this system does not belong to anyone alone and it is not controlled by one or more specific people. Everyone can own this network and everyone can play a role in controlling it. Thanks to Ethereum's distributed and decentralized structure, once a program is implemented on the Ethereum network, it cannot be stopped or manipulated, even if the creator wants to.

Among the members of the digital currency community, the digital currency of the Ethereum network is also called Ethereum or Ether. Ether, like Bitcoin, is a digital currency that can easily transfer value. However, Ether's purpose is slightly different from Bitcoin's. This digital currency was created to pay for fees and as an incentive for contributors to continue working with Ethereum. Who would be willing to work as a miner or contributor to the network if Ether was not the key asset? This is why Ether is also called "the fuel of the Ethereum network". If Bitcoin is "digital gold", Ether is "digital oil".

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What is Ethereum ?

The digital currency of the Ethereum network is called "Ether" and its abbreviated unit is ETH. This asset is considered the currency of the network as well as a way to pay fees and charges.

Learn more on Ethereum official website.

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Is Ethereum legal to buy in Switzerland?

Switzerland is one of the most well-known banking and financial centers in the world. The country is progressive on the development of cryptocurrencies. In January 2018, Swiss Economy Minister Johann Schneider Ammann stated that he sought to make Switzerland a “crypto nation”. According to the Swiss Financial Market Supervisory Authority (FINMA) and the Switzerland Federal Tax Administration (SFTA), cryptocurrencies and virtual currencies are legal and classified as assets or property.  

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Is Ethereum taxed in Switzerland

Yes. According to the established tax legislation defined by The Swiss Federal Tax Service (SFTA), cryptocurrencies are assets. This means that they are subject to Swiss wealth, income and capital gains taxes and must be declared in annual tax returns. The mentioned tax legislation treats crypto assets similar to stocks, bonds and real estate in Switzerland. According to the mentioned document above, if you are a private crypto investor, your crypto profits will be completely exempt from Capital Gains Tax. This is as long as you fulfill these five criteria:

  1.     transaction volumes should not exceed five times the original capital
  2.     holding period of crypto assets should be six months or more
  3.     capital gains should be less than 50% of overall taxable income
  4.     minimal usage of third-party financing (buy assets with your money)
  5.     derivatives only used as a hedging tool

Note that as stated by the tax legislation document, if you violate two or more criteria, chances are that you may not be considered a private investor but a self-employed trader instead. If you are not sure that you will be considered a private investor or a self-employed trader, we recommend consulting a tax professional in Switzerland or the SFTA directly.

According to the tax legislation document, private investors don’t have to pay tax on their trading profits, but you might still need to pay Income Tax on cryptocurrency. Having your salary from a job being paid in a cryptocurrency, getting paid in crypto in exchange for services if you are a freelancer, or receiving crypto from activities such as mining will be considered income by the FTA.

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After you've bought Ethereum in Switzerland

Ethereum is a popular blockchain that has been used in various projects. Due to the success of Ethereum, many developers and projects use this chain to build their own products. Smart contracts on Ethereum have been able to bring blockchain technology applications to other levels. Smart contracts allow users to determine their desired conditions and rules. 

In smart contracts, it is possible to include detailed conditions for each contract. This feature has made it possible for Ethereum to host various blockchain-based financial services. Some examples of Ethereum services you can benefit from include: Loaning, Decentralized Insurance, Decentralized Exchanges, Stablecoins, Profit Cultivation, Investing, Computer Games (Betting), and Non-Fungible Tokens (NFT).

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Who can buy Ethereum in Switzerland?

All citizens of Switzerland can convert, buy, and sell cryptocurrencies with fiat. Cryptocurrencies are accepted as legal tender in certain cities. Many traditional banks in Switzerland are partnering with digital asset banks to allow their customers to purchase crypto assets. These Swiss banks accept cryptocurrency and enable individuals and businesses to convert it into fiat. A more efficient and quick way to buy crypto in Switzerland would be through crypto exchanges. Our service authorizes fast and secure transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal.

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Buy Ethereum at your ease

Payment methods to buy Ethereum in Switzerland

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

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FAQ

Frequently asked questions

Ether is a functional currency. As the amount and use and acceptance of Ether increases, the price will also increase. Ethereum can be used to make processes smarter and get the most out of it. The price of Ethereum will increase if Ethereum is accepted by more institutions and its popularity and use increase. In 2016, the value of each ether was less than one dollar, but for example, in 2020, which was the year when digital currencies flourished, the price of Ethereum increased by 200 times. In conclusion, Ethereum has a special place among digital currencies and a bright future is predicted for it. With updates coming in the near future, Ethereum will become faster and a more viable investment option. Investing in Ethereum may seem risky, but if all goes well, the returns on this investment might be impressive.

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.

Officially, ETH has a minimum fractional number called a Wei. Each Wei equals 0.000000000000000001 ETH (10-18). But the minimum amount you are allowed to purchase is dependent upon your exchange’s minimum limit. Our exchange allows a minimum of $10.

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. 

To store Ether and Ethereum-based tokens, you need software or hardware called a “wallet”. A wallet can be considered like a bank account that is used to store, receive and send money.

Ethereum software wallets are free and you can easily install them on mobile phones (Android and iOS) or PCs (Windows, Linux, and Mac). Some wallets are also web-based and can be accessed with internet browsers (such as Chrome). In contrast, hardware wallets, which are more secure, are physically available and must be purchased from reputable stores. It is necessary to take a backup copy of your wallet so that you can recover your funds if the wallet is deleted, the password is forgotten, or the device on which the wallet is installed is damaged.

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