How to Buy Crypto with UBS Bank

Bottom Line: UBS Bank does not provide any native banking services that support the buying and selling of Bitcoin or cryptocurrencies through their e-banking app. UBS account holders must use a regulated cryptocurrency exchange in Switzerland to transfer CHF or EUR from their accounts to buy and sell crypto. To ensure the safety of your assets, it’s essential to use a platform by the European Securities and Markets Authority (ESMA).

Following a detailed investigation into Europe's leading digital asset exchanges, we found that eToro was the best option for UBS customers as it provides instant CHF and EUR deposits from thousands of cryptos, stocks, ETFs and more. Aside from trading, eToro also offers staking services on several cryptocurrencies including popular tokens like Ethereum, Cardano and Tron.

Can I Buy Bitcoin or Crypto using UBS Bank? 

For UBS Bank account holders interested in buying crypto, the most secure option is to find a cryptocurrency trading platform in Switzerland that accepts banking deposits from UBS Bank's multi-currency accounts. Finding an exchange regulated by the European Securities and Markets Authority (ESMA) is vital to ensure platform security.

How to Buy Crypto with UBS Bank 

The most effective way to buy Bitcoin and other cryptocurrencies with UBS Bank in Switzerland is to use an ESMA-regulate digital asset exchange. As mentioned above, eToro is the number one option as it offers instant deposits, a user-friendly platform and a wide range of crypto assets and other financial instruments.

Here is a simple guide to getting started:

  1. Open a free account on eToro and complete the verification process.
  2. Click 'Deposit Funds', select a method, and send funds from UBS Bank.
  3. Go to the search bar, find your desired token, and tap 'Trade'.
  4. Input the amount you want to purchase and tap 'Open Trade'.
How to Buy Crypto with UBS Bank.

UBS Bank Cryptocurrency Policy

UBS Bank has a progressive cryptocurrency policy as they recognise the growing interest for digital assets within their client base. This means they allow their customers to deposit and withdraw funds from licensed and regulated cryptocurrency exchanges in Switzerland and within Europe more broadly. To that end, investors do not need to worry about the bank potentially freezing any transfers to platforms that are approved by FINMA and regulated by the European Securities and Markets Authority (ESMA).

Deposit and Trading Fees 

When embarking on your cryptocurrency journey with UBS Bank, be mindful of the potential expenses:

  • Deposit Fees: UBS Bank might enforce transfer fees, unlike many cryptocurrency trading platforms that refrain from applying deposit charges. Notably, deposits made via a UBS Bank Credit Card could lead to a cost of over 2%. It's imperative to verify these specifics with your bank.
  • Trading Fees: Cryptocurrency platforms often apply a spread—a part of each transaction. The spread's value fluctuates depending on the cryptocurrency and the platform, generally around 1%. Additional costs might also be charged for holding positions past normal trading hours or during weekends.

Always remember the fee structures can differ between platforms. Constantly cross-check the most recent fee details with your trading platform and UBS Bank to prevent any unforeseen expenses.

The Bottom Line

In conclusion, UBS Bank does not currently offer any native banking services that support the buying of cryptocurrency, but its customers can still invest in cryptocurrencies by using regulated cryptocurrency exchanges. After evaluating over 20 crypto trading platforms in the region, our expert team identified eToro as the best option to invest in digital assets. This is due to its low fees, quick deposits, thousands of assets to trade, 24/7 multilingual support and more.


Does UBS Bank allow crypto transactions?

Read Next

Related Posts