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Coinbase Experience Switzerland Tax Fees Wallet Test and Review

Coinbase Switzerland review: Fees, Wallet & More!

Hardly any asset class has received as much upward momentum in recent years as cryptocurrencies. Bitcoin, Ethereum and many other cryptocurrencies are receiving increasing attention and a growing following. While a few years ago only "tech freaks" and courageous speculators were invested in cryptocurrenciesToday, you can also find major banks in the segment. If you want to invest in crypto assets without being a technical nerd and still want a wide selection and high security standards, you should take a closer look at Coinbase.

In our Coinbase Switzerland Experience Report we take a closer look at the crypto exchange.

Coinbase has been talking about 73 million User

If you have any more questions about crypto or Coinbase Switzerland, we'd love to hear from you in the comments!

Compare crypto exchanges: This is what matters

When comparing crypto exchanges across Switzerland or even internationally, you should pay attention to more than just the fees. In our opinion, the following aspects are particularly important and we have incorporated them directly into the Coinbase review: 

  • Coinbase SecurityThe security of a crypto exchange is essential. In the past, there have been hacker attacks, just like with banks. Anyone who invests large amounts in crypto should therefore definitely rely on an exchange with high security standards. Here Coinbase relies on AES-256 encryption and states that 98% of customer deposits are secured on offline storage. (Cryptocurrency storage is referred to as a wallet). These offline wallets are not attached to the internet and are therefore virtually inaccessible to hackers. 
  • Fees: Fees are an important aspect as with any investment. In the crypto space, there are a few types of fees to consider, so we have detailed the Coinbase fees further down in the post.
  • Tradable cryptocurrenciesIt is not uncommon to hear about a new exciting innovation in the crypto space and want to put some money into it. Bitcoin and Ethereum are currently the largest currencies by market capitalization. But there are over 12,000 other cryptocurrencies, which are often difficult to access. Coinbase lists over 12,000 currencies for reference (price and other info) and offers trades of over 125 currencies in the normal Coinbase variant. (There is also Coinbase Pro for professional crypto trading). 
  • ComplexityThe world of cryptocurrencies can be very complex. The same is true when buying/selling certain cryptocurrencies. Relai offers very easy access to Bitcoinbut only to Bitcoin. Some currencies are very complex, requiring a dedicated wallet. Coinbase offers a simple, uncluttered platform that we think is a perfect blend of necessary details (complexity) and yet simple presentation.
  • KnowledgeCryptocurrencies and their applications are not always easy. We really appreciate it when there is a large knowledge area on platforms. Coinbase is very innovative here and even offers the Coinbase learn and earn section: Here you can watch short learning videos about new cryptocurrencies. If you want, you can answer a few questions about them afterwards and you will get Coins given as a reward! We have so already Receive cryptocurrencies worth more than CHF 100

Coinbase Review: Hard Facts

Coinbase Switzerland Review Test on Fees Wallet and Taxes Alternative Crypto Buy

The rough facts of our Coinbase Switzerland review show numbers that speak for themselves. A decisive advantage, which is not apparent from these figures, is the user-friendly interface of Coinbase. Coinbase or Binance? While Binance currently ranks as the largest crypto exchange in the world, Coinbase positions itself very cleverly in our opinion through the clear platform interface and thus appeals to different customers than Binance.

A short Assessment and ranking of crypto exchanges we have already looked at? I'd love to:

  • Binance has an enormous selection of tradable products and innovative offers. The costs are extremely low, but the usability of the user interface is rather unsuitable and overwhelming for beginners.
  • Bitcoin Suisse offers Swiss quality and security, as well as a small selection of tradable cryptocurrencies. Unfortunately, the minimum investment has now been raised to CHF 100k and is therefore only exciting for large investors.
  • Bitpanda from Austria is a major European player with innovative products, crypto savings plans and a playful user interface in a market that is increasingly appealing to young people and newcomers.
  • Coinbase is easy to use, has a large selection of tradable currencies, and offers a perfect mix of supply and simplicity.
  • Relai offers the allegedly easiest/fastest access to Bitcoin thanks to Swiss engineering. Fees are in the medium range, savings plans are also available. However, the selection is very limited: Only Bitcoin is available.

Coinbase transaction fees

To explain Coinbase fees and Coinbase transaction fees, it's best to break down the fees along the investment process.  

  1. Deposit fees:  There are various Coinbase payment methods available for depositing. If you want to deposit in cryptocurrencies on Coinbase, can be found at do this free of charge. Deposits via SEPA bank transfer are also free of charge and only take about 1-2 business days. If you want to use a credit card, you will pay 3.99% in fees, which is why we do not recommend it.
  2. Coinbase Transaction Fees: Those who execute purchases and sales on Coinbase pay 1.49% Coinbase transaction fees per order. Those who want to look even closer: Network fees and spreads (about 0.5%) are still due, as with virtually all providers.
  3. Coinbase Cash Out Switzerland: Anyone who wants to withdraw money from Coinbase pays a flat €0.15 withdrawal fee. This is negligibly small, but we would still like to mention it here in the Coinbase fees.

Note: Fees are subject to change at any time. We do not guarantee accuracy. 

Coinbase Cash Out Switzerland

If you want to withdraw money from Coinbase, you can use the Coinbase bank transfer. A Coinbase bank transfer costs you a flat €0.15, which is very low. Only for very small amounts a withdrawal is not worth it. 

Compare Coinbase experiences? Coinbase Alternatives:

Coinbase Payout Taxes Switzerland

Those who want to have tax-free payouts at Coinbase can only expect this on price gains. Price gains are still tax-free when trading cryptocurrencies in Switzerland. However, the situation is different for topics such as staking, mining or lending.

Generally, you always have to declare your assets in cryptocurrencies and include them in your tax return. Therefore, Coinbase does not simply deduct taxes, but you have to provide your cantonal tax office with the corresponding information.

Since tax issues can change at any time, there is no guarantee for this information. Please always check what applies at your place of residence.

Conclusion of the Coinbase Switzerland experience report

Coinbase is based in San Francisco and not in Crypto Valley in Zug. Even though Coinbase does not have a branch office in Switzerland, many aspects speak for the platform. The wide selection of tradable CryptosThe fair fees, ease of use and clear interface are good examples of this. There are no comparable Swiss providers (yet), but this may not be necessary. We have been active on Coinbase for years and are very satisfied with our test results.

Are you on Coinbase as well? If yes, lFeel free to leave us a comment with your Coinbase experience! If not, check out the platform itself here.

You can get cryptocurrencies for free at Coinbase Learn:

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36 Responses

  1. Hello
    I need a tax report from Coinbase. Can someone explain to me how I can get one? Thank you and Sonja

  2. Hello people and investors
    Until then I had a very bad experience with Coinbase ! I wanted to get my investment of Fr. 8000.- paid back ! But
    this amount ended up nowhere and even today I am still fighting for my credit! This has been going on for 7 months now and no one from
    Coinbase is able to transfer this amount back !

    1. For withdrawals (especially for crypto transactions), you should always first make a test transfer with a small amount with all providers.

      In any case, good luck Max!

  3. Dear User
    i've been using coinbase for a long time but not really in the last few years. Now I can't make any transactions because my account is being checked manually. this has been going on for 5 weeks now. I've tried everything, clearing the cache, accepting cookies, etc., but it's still not free. contacting support doesn't work because you get disconnected from the computer. it's a known problem....I'd love to have feedback. is it my settings?

  4. On Binance it is not possible to withdraw EUR to a Swiss account.
    Is this still going on Coinbase at the moment?

    1. Hello Rudolf
      It's best to write to the support team. It will probably take a while, but hopefully you will be able to access your account again soon.
      Dear greetings
      Eric

  5. I am having problems transferring USDT funds from the Coinbasewallet app to my Coinbase account.
    I would have to buy ETH first, but I don't want to spend any more money, the USDT is relatively large.
    Does anyone have experience?
    Is there no other option?

  6. Good day
    I have made a transfer to Coinbase for the first time.
    Is it correct that only EUR can be transferred with SEPA due to the IBAN?
    And why are they then converted and listed in CHF on the account after all?
    Does anyone know?
    If I now buy cryptos with my account balance, will they be debited in EUR or CHF?
    What matters to me is that the money is not exchanged back and forth x times.
    Thank you for your help.

  7. I am basically happy with Coinbase and am interested in Staking of Etherum, Atom, etc.. Nowhere on the platform is there an option to do Staking. Does anyone know why there is no such option on Coinbase in Switzerland? Which provider offers it for the Swiss?

  8. i had a binance account and is a piece of crap, i cant withdraw money to a swiss account, my question is for every one can you withdraw money from coinbase to a swiss acount here in switzerland

  9. When you use the invite link or code to open an investment account, both of us will get 12 months of 5'000 CHF managed for free. 😊

  10. As a Swiss with CHF on the account it is unprofitable if I have to transfer € and exchange € back into CHF when selling bitcoin. So twice exchange rate loss (up to 15%).

  11. Hi there. Thanks for the info. I am completely new to the whole crypto thing and I opened a coinbase account. I was wondering if (as a Swiss national) I can get a coinbase Visa debit card? Thanks

  12. A complete joke the whole thing. I can't even add an account. Reaching support is a joke, the question combinations are impossible to fill out if you couldn't add an account. I will close this crap as soon as possible.

    1. Hello Markus, I have just sold BTC extra for testing and exchanged for euros. Subsequently, the euros transferred to the bank account. Everything works for me without any problems.
      If you don't even have an account on file - you should start by verifying it. For this you usually have to make a small transfer (about 1 euro). Only then is the account verified - but Coinbase actually guides you through these steps.

      If you have not made a transfer, but have values on Coinbase - they probably came there by another way. Just choose the same way for the return transfer. If you have Paypal, you can also use this without any problems.

      Best regards 🙂

      1. Hello Eric
        I opened an account with Coinbase, would have received bitcoins transferred from a company, but was blocked by Blockchain, and was told Coinbase could not transfer payments to Switzerland. What do you say to that? I think everything is a scam?
        MFG Peter

        1. Hello, Peter,
          the blockchain probably did not "block" your transaction. In general, your description sounds very suspect. Nobody will just give you bitcoin. Please be very careful with such reports!

  13. Hello Eric
    Unfortunately, the monitoring did not work from my Neon account either, because I use a different email and my double name there. For security reasons, the data of the reference account, the ID and the information in Coinbase must match exactly. After all, my deposited amount was transferred back to my account after two days, without any circumstances and without deduction of a fee. It's all too complicated for me and I'm now testing Relai (just Bitcoin).

    1. the remittance I had initially too, as you say without problems and fees. It's a bit frustrating - but actually also good to see that the rules and regulations are so strict. After all, no one wants to encounter a shady provider.
      Relai is kept very simple and should work well 🙂

    1. Hello Reto, it's best to comment directly under your last question. You have asked a lot of questions by now - so no one knows what you mean now. If you mean the exchange of Krypton to Euro - just tested it for you, so yes 🙂

  14. Hello everybody
    How can I deposit to Coinbase from a Swiss bank account?
    Currently this only works via credit card...
    How can I sell a coin without withdrawing the money? I would like to leave the money on the platform to invest again later.
    How can I withdraw money to Switzerland?

    1. Hello Reto
      You can only pay out to the reference account - this is a security aspect. You cannot deposit from all banks, as some banks do not allow payments to crypto services. Neon should work. Otherwise, ask at Coinbase or your bank, here you should be given information.
      Best regards 🙂

    2. Hi Reto,
      Paying out works for me only via Paypal, but still. Depositing was no problem even via Neon.

  15. Hello
    I can't enter bank details for a transfer on Coinbase.
    Can anyone help me with this?
    How can I sell something without paying out the money so I can buy something new later?

    1. Hello Reto
      If you already have stocks, you can exchange them directly into a desired currency. Or, for example, acquire BTC as an intermediate step.

        1. Hello Reto
          of course you can. You simply click on your respective asset and in the overview you can either buy, sell or convert. Selling leads to a payout to your deposited bank account or to your euro wallet and thus remains on Coinbase. You can convert to Bitcoin, for example, and then buy something else with it.
          Kind regards
          Eric

  16. Can anyone tell me how to get in reasonable contact with Coinbase?
    The so-called support function on the website is completely useless because automated.
    Concrete questions like: "Where is my money?" (because I transferred CHF 500, but I can't find the amount in my account - it's still at zero).
    are not answered.

    1. Hello Urs, I also had the case with Coinbase at first. Ultimately, it was because the bank used for the transfer had blocked the payment. The money was then back in the bank account after a few days. Maybe you have a similar problem. Use once Neon for the transfer.

    2. I have already transferred money from PostFinance to Coinbase a few times, but first you have to make a deposit on Coinbase, then your bank details are also registered.

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Saxo Bank Experience Report: SaxoTraderGo Review
Coinbase Switzerland review: fees, wallet & more! 2

In the world of finance, it's a constant race to offer the best conditions and the most efficient service. Saxo Bank Switzerland has recently revised its pricing permanently and is now positioning itself as one of the most attractive options for Swiss investors!

Price Currency: CHF

Operating System: Web

Application Category: Investment

Editor's Rating:
4.7