SwissBorg is a crypto investment platform that lets you invest in digital assets smartly and straightforwardly. You can buy, sell, and store over 50 crypto assets, earn interest on your crypto holdings, explore curated crypto bundles, and get the best rates.
But how good is it as a crypto-investing app? We will give you a complete SwissBorg review, including its features, advantages, fees, security, SwissBorg ecosystem, and customer support.
- SwissBorg is a wealth management app for crypto where you can buy, sell, swap, and track your crypto portfolio performance.
- It has a high-yield program that works with different partners and protocols to give you the best return for the lowest risk.
- The app is available in over 50 countries and supports over 50 digital assets and 16 fiat currencies.
What is SwissBorg?
SwissBorg is a wealth management platform that enables users to manage their crypto assets simply, safely, and transparently. This exchange was established in 2017 by Cyrus Fazel and Anthony Lesoismier, and now SwissBorg is one of the biggest crypto exchanges in Europe. Its native BORG token is currently worth over 200 million dollars.
SwissBorg mobile app lets users buy, sell, and swap cryptocurrencies with 16 fiat currencies, including EUR, CHF, and GBP. This app also offers portfolio analytics, hourly asset analysis, and smart yield programs that help users make smarter investment choices and earn passive income.
This trading platform is also a licensed and regulated platform. It has obtained a Financial Intelligence Unit (FIU) license in Estonia and registered with the Financial Markets Authority (AMF) in France. It also has a strong community of over 700,000 users and a market cap of over $830 million in user assets. They are constantly developing new products and features to improve their presence in the crypto industry and help users redefine wealth.
SwissBorg Exchange Pros
- SwissBorg has an easy and user-friendly app that simplifies crypto trading.
- SwissBorg supports fiat money for deposits and withdrawals with bank transfers.
- This platform lets users earn interest on more than 20 crypto assets, a useful passive income feature.
- It has a strong community and a user-driven governance model that rewards users for holding its BORG (Previously CHSB) utility token.
- Users can diversify their portfolio with different pre-built crypto portfolio bundles.
SwissBorg Exchange Cons
- SwissBorg has a small selection of 50 cryptocurrencies, which may not satisfy some users who want to trade more altcoins.
- The exchange does not have advanced trading features such as margin trading, leveraged tokens, or copy trading.
- SwissBorg does not serve US customers.
SwissBorg Exchange: Overview
|Headquarters||Switzerland with subsidiaries in Portugal, Estonia, and the United Kingdom.|
|Regulated Countries||Financial Intelligence Unit (Estonia)Financial Markets Authority (France)Supervisory Body for Financial Intermediaries & Trustees (Switzerland)|
|Supported Coins||50+ digital assets|
|Governance Token||SwissBorg Token (BORG)|
|Platform Fees||Deposit Fees: NoneWithdrawal Fees: 0.1% + extra network feesExchange Fees: 0.25%-1.49%Thematic Fees: 1.49%|
|Security Measures||MPC technology, penetration tests, Fireblocks partnership, 2FA|
|KYC Required||Yes (Mandatory)|
|Fiat Currency Support||16+|
|Deposit/Withdrawal Methods||Bank transfer, Credit/Debit cards, Google Pay, and Apple Pay|
Step-by-step to Create a SwissBorg Account
Step 1: Create an Account
First, you need to open the SwissBorg app and tap on “Create an account”. You will be required to enter your email address and create a password. After that, you will need to provide your personal details, such as your name, date of birth, and country of residence. You will also need to choose your preferred fiat currency and accept the terms and conditions.
Step 2: KYC and Account Verification Process
At this step, complete the identity verification process by uploading a photo of your ID document and a selfie. This is required to comply with the KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. You will receive an email confirmation once your account is verified and ready to use.
Step 3: Start Trading
After finishing the verification process, you can start your trading journey with SwissBorg. Select the desired crypto and enter the amount or percentage of your balance you want to start trading. You will see the estimated rate and fees for your transaction.
SwissBorg Review: Key Features
1. SwissBorg Portfolio Bundles (Thematics)
SwissBorg portfolio bundles are collections of cryptocurrencies with common themes, such as Web3, DeFi, or Smart Yield. By investing in a Thematic, you can diversify your portfolio and benefit from the growth potential of the specific crypto sector. You can buy and sell a Thematic with one tap without managing multiple coins individually. You can also set up recurring purchases to automate your investing strategy.
Each Thematic is created by SwissBorg’s analysts, who choose the best-performing and most promising coins in each category. They also rebalance the Thematics periodically to optimize the performance and risk profile. You can see the composition and performance of each portfolio bundle, as well as the fees and risks involved, or access detailed reports and insights on each coin in the Thematic.
2. SwissBorg Launchpad
SwissBorg Launchpad is a platform that enables users to discover and invest in exclusive projects in the crypto space. This program is launched to showcase a variety of tokenized assets, such as private equity, IDOs, bonds, and real estate, that are carefully selected and evaluated by the SwissBorg team. You can use the BORG token and app to invest in these new projects.
SwissBorg Launchpad provides higher returns, lower costs, and more governance rights to their users based on their Premium membership level and involvement in the SwissBorg DAO. Recently, this launchpad has already launched its first project, the SwissBorg Series A, which allowed users to invest in the equity of SwissBorg and become shareholders of the company. The project ended on March 31, 2023, and raised over $21.27 million from more than 16,600 investors.
3. SwissBorg Smart Yield (Earn)
If you want to earn a passive income on your crypto assets, the SwissBorg Smart Yield account would be an ideal investing product for you. This service lets you invest your crypto in strategies such as staking or lending that generate a yield.
With SwiffBorg Smart Yield, you have a wide range of crypto assets (over 20) to choose from, such as BTC, ETH, USDC, CHSB, XRP, and more, to earn a yield on. It also allows you to pick your risk level, from Core (low risk) to Brave (high risk), and get a customized yield that suits your needs. Also, you can benefit from daily compounding, which means your yield is added to your principal every 24 hours, resulting in higher earnings over time.
The earnings can be increased by staking BORG tokens and becoming a premium member. Premium members earn up to 2x the yield of standard users, depending on their membership level. It also secures your funds with the “Safety Net Program”, which covers potential losses from smart contract failures or hacks.
4. SwissBorg Exchange Portfolio Analytics
Portfolio Analytics is a feature of the SwissBorg Wealth App that enables users to get clear and detailed portfolio reports. You can track your historical balance and see how your portfolio has evolved over time. You can also view your total deposits, withdrawals, fees, and profit/loss for different periods.
You can easily measure your unrealized and realized profit and loss for your whole portfolio and each asset. This helps you to make smarter investment decisions and identify opportunities in the crypto market.
It also offers hourly asset analysis for traders, with sentiment and technical analysis indicators. It leverages deep learning algorithms to provide valuable insights into user portfolios and supported tokens.
5. SwissBorg Rewards Program
If you want to get rewards by inviting your friends to the SwissBorg app, you can join the Rewards Program. This is how the Rewards Program works:
- Send your unique rewards link to your friends. You can get your link in the “Rewards Tab” in the SwissBorg app.
- Once your friends install the SwissBorg app and deposit €50 or more (or equivalent in their currency), you and your friends get a Rewards Ticket. The ticket is worth between €1 and €100 in BORG.
- Scratch your ticket to find out your BORG prize. You can then use your BORG to earn a yield, upgrade to a Premium account, or exchange it for other assets.
- You can keep sending your link to get more tickets. There is no limit to the number of referrals you can make.
6. SwissBorg Smart Engine
One of the unique features of the SwissBorg exchange is its “Smart Engine”, which is a technology that helps you get the best price execution for your crypto trades.
The Smart Engine connects to several major exchanges, such as Binance, Kraken, LMAX, HitBTC, and Bitfinex, and finds the best way to execute your orders in milliseconds. It can access 2,883 unique crypto-to-fiat trading pairs, even if unavailable on the SwissBorg exchange. For example, it can trade EUR to BORG or CHF to PAX Gold by doing all the conversions and finding the best rate.
The Smart Engine also gives you a detailed exchange report, which shows you all the information and steps of each exchange. You can review and track your transactions and fees. Unlike other apps that hide their fees in the exchange rate or spread, the Smart Engine charges a small transparent fee. You can read more about Smart Engine here.
7. AI Asset Analysis
SwissBorg offers an AI asset analysis method that gives users valuable insights and forecasts on how different crypto assets will perform. Here is a summary of the AI asset analysis tools that are available in the SwissBorg app:
- CyBorg Predictor: This is an artificial intelligence algorithm that predicts the price movement of a crypto asset over the next 24 hours by using historical data and technical indicators that a human could process. It shows the likelihood of the asset price going up or down and the confidence level of the forecast.
- SwissBorg Indicator: It is a tool that combines the most popular technical indicators, such as moving averages, RSI, MACD, and Bollinger Bands, to help users quickly understand the current market trends. It shows whether the asset is in a positive or negative phase and the trend’s strength.
- Community Sentiment: An indicator based on the volume of transactions in the SwissBorg app over the past 24 hours and shows the balance between buying and selling pressure. It indicates whether most users are buying or selling a specific asset and the intensity of the sentiment.
- Support and Resistance: The support level is the price where the asset tends to rebound from a downward trend, while the resistance level is the price where the investment tends to reverse from an upward trend. The AI asset analysis tool automatically detects and displays these levels for each trading pair.
SwissBorg Token (BORG) Review
SwissBorg Token BORG (previously CHSB) is the core utility token of the SwissBorg ecosystem. SwissBorg recently made an important announcement regarding converting their earlier CHSB token to BORG. This transition will occur at a simple 1:1 exchange rate, and there will be no changes in the tokenomics or supply of the tokens.
BORG is an ERC-20 token that runs on the Ethereum blockchain. It has a fixed supply of 985,304,868 tokens, of which 984,804,858 are currently in circulation. That’s 99.95% supply is already in circulation.
BORG was launched in December 2017 after SwissBorg raised $53 million in an initial coin offering (ICO). This token is traded on several exchanges, such as HitBTC, KuCoin, Uniswap, and SwissBorg app.
Here are some of the benefits of the BORG token;
- Yielding: BORG holders can earn more yield based on the SwissBorg Community Index, which measures the SwissBorg ecosystem’s performance.
- Burning: SwissBorg uses 20% of the app fees to buy and burn BORG tokens when the price is low. This helps to support the token value while the supply is reduced over time.
- Premium Membership: BORG holders can lock their tokens to get Premium benefits in the app. These include zero fees on some exchanges, higher yields on Smart Yield accounts, and more.
- Early Access to Beta Features: BORG holders can access new wealth management products in the app before others.
- Governance Vote: BORG holders can vote on the future of SwissBorg through a decentralized governance system.
SwissBorg Premium Plans
To participate in the SwissBorg Premium Plans, users need to buy and hold the BORG amount for their desired plan for 12 months. The tokens are locked during this period and cannot be traded or withdrawn. After 12 months, SwissBorg users can choose to keep or change their plan level by withdrawing or exchanging their tokens. Higher plan levels offer better returns and lower fees.
You can see the different plans and benefits in the screenshot below.
SwissBorg does not charge any fees for deposits of stablecoins and cryptocurrencies to the app. However, users may be charged a withdrawal or network fee based on the blockchain network they use. The fees for fiat transactions depend on the payment method and the transaction amount. Here are the fees for card, Google Pay, and Apple Pay deposits (same for all):
When you withdraw fiat or crypto from your account, there’s a fee of 0.10%. There’s also a minimum fee for each type of asset. Sometimes, the bank or platform you’re sending money to might charge you an extra fee.
Minimum and Maximum Withdrawal Fees on SwissBorg (Fiat Currencies)
|Fiat Currencies||Minimum fee||Maximum fee|
|Euro||EUR 1||EUR 100|
|Swiss Franc||CHF 4.5||CHF 110|
|British Pound||GBP 1||GBP 85|
|Canadian Dollar||CAD 45||CAD 150|
|Czech Koruna||CZK 445||CZK 2,555|
|Danish Krone||DKK 200||DKK 745|
|HK Dollar||HKD 250||HKD 920|
Minimum and Maximum Withdrawal Fees on SwissBorg (Crypto Assets)
|Crypto Assets||Minimum fee||Maximum fee|
|Bitcoin||BTC 0.00006||BTC 0.0031|
|Ethereum||ETH 0.0012||ETH 0.058|
|Ripple||XRP 0.2||XRP 189.93|
|Tether (ERC20)||USDT 3.8||USDT 106|
|USD Coin (ERC20)||USDC 3.8||USDC 106|
You can also check the full fee structure here.
Thematic Fees on SwissBorg
These fees are applied when you buy or sell your thematic assets. Standard account holders pay 1.49%, Explorer accounts pay 1%, Community and Pioneer accounts pay 0.75%, Generation accounts pay 0.5%, and Genesis accounts have fees ranging from 0 to 0.25%.
Note: A small monthly charge may also be taken from your account. However, the exact amount is not specified.
Deposit and Withdrawal Methods on SwissBorg
Through bank transfers or card payments, you can deposit 16 fiat currencies, such as EUR, GBP, CHF, and CAD. Apart from bank and credit/debit cards, you can also use Apple Pay and Google Pay for deposits. The fees and processing times vary depending on the location and currency of the user.
For EUR deposits, SEPA transfers are preferred. Users must provide their SwissBorg account information, including a reference number, for all deposits to ensure the funds are credited correctly. You can also deposit cryptocurrencies to your account by using a QR code or copying the address.
For withdrawals, you can withdraw fiat currencies to your personal bank accounts through SWIFT transfers. You must add your bank account information, including IBAN and BIC, and verify your identity before withdrawing. You can also withdraw cryptocurrencies from your SwissBorg account by entering the recipient’s address and confirming the transaction with a PIN or biometrics.
SwissBorg Exchange Limits
The minimum exchange amount is set at EUR 5.00 or its equivalent in your chosen currency.
The maximum exchange amount in a single transaction varies depending on the specific cryptocurrency. However, there is a standard limit of EUR 120,000.00 for all assets or their equivalent in your preferred currency.
SwissBorg Supported Cryptocurrencies and Countries
Supported Cryptocurrencies on the SwissBorg Exchange
SwissBorg supports more than 50 cryptocurrencies on the platform for trading. Most supported tokens are on the ERC20 network.
Here are the top supported crypto coins on the SwissBorg platform:
- Bitcoin (BTC)
- Ethereum (ETH)
- SwissBorg Token (BORG)
- Polygon (MATIC)
- Avalanche (AVAX)
- Chainlink (LINK)
- Solana (SOL)
- The SandBox (SAND)
- Cosmos (ATOM)
- Cardano (ADA)
You can check the full list of supported coins here.
SwissBorg Supported Countries
The SwissBorg app is open to users from more than 50 countries in Africa, Europe, Asia Pacific, North America, and South America. A notable example of a country not included in their list is the United States. This is primarily because of the strict financial regulations in the US.
It’s important to note that some of SwissBorg’s features may not be available to residents of certain countries. To check if your country is eligible and to see the supported features, you can refer to SwissBorg’s officially supported countries page.
SwissBorg Customer Support
The most convenient way to contact SwissBorg Customer Support is through the app. You can tap the Profile icon -> Support -> Chat icon to start a conversation with the Support team. You can send messages and attachments and view your previous tickets and interactions. This method also verifies your identity, which protects your account from unauthorized access.
Alternatively, you can send an email to firstname.lastname@example.org, using the email address that is linked to your account. This helps the Support team to identify you and provide relevant assistance. You can also use a contact form or read useful articles in the help center on various topics related to the app.
SwissBorg Customer Support is available seven days a week. You can expect a reply within minutes, depending on the number of requests. You can also give feedback on the service quality by completing a Satisfaction survey that you will receive via email after the interaction.
SwissBorg platform is a highly secure cryptocurrency trading platform. This trading platform offers all the basic safety measures, such as multi-factor authentication, address whitelisting, and anti-phishing codes. SwissBorg stores users’ assets in a multi-signature cold wallet system, meaning the funds are not kept on a single device or server but on multiple devices that need multiple signatures to access. This lowers the chance of hacking, theft, or loss of funds.
SwissBorg also owns a clean security record (no hack so far). It adheres to global standards for on-chain and off-chain asset transfer and storage. It also uses Multi-Party Computation (MPC) keyless technology, which is considered very safe because you don’t need a seed phrase, so it can’t be easily attacked. This prevents a single mistake from leading to a security breach, making the platform safer. MPC works by having multiple parties work together on mathematical computations without revealing their information to each other.
Most importantly, SwissBorg uses Fireblocks’ advanced technology to guard users’ assets against cyber threats, human mistakes, and internal fraud. Fireblock advanced security software combines multi-party computation and hardware isolation.
SwissBorg also requires KYC (Know Your Customer) verification for all users, meaning that users must provide their identity and proof of address before they can use any services on the app. This helps to prevent fraud, money laundering, and other illegal activities.
SwissBorg Mobile App Review: Is it a good app?
The app is simple and user-friendly for beginners to use. You can access all the features through the app, such as fiat deposits, withdrawals, investing, portfolio management, price alerts, and more.
SwissBorg Alternatives to Consider
|Trading Fees||0.25%-1.49%||0.1%||0.1%||0% ( Spot)|
|USA Supported||No||Yes (Binance.us)||No||No|
Conclusion: Is SwissBorg safe?
To conclude the SwissBorg exchange review, it is a user-friendly, secure, and innovative platform for those interested in cryptocurrency. It offers a range of tools and features to help you navigate the crypto world and promote community involvement.
A Portfolio feature that enables you to invest in diversified and curated crypto themes, such as gaming, blockchains, or a “golden” theme that adapts to market conditions. The SwissBorg Premium feature gives you access to lower fees, higher yields, exclusive services, and more, depending on your level of BORG token staking.
Is SwissBorg FCA approved?
No, SwissBorg is not approved by FCA. However, SwissBorg has obtained a license for virtual currency services in Estonia and a registration with the French financial authority, allowing this cryptocurrency exchange to offer crypto services per strict KYC/AML standards.
Is SwissBorg Legal in the UK?
Yes, SwissBorg is legal in the UK as it operates through the legal entity of SwissBorg UK Ltd, a company incorporated in England and Wales. SwissBorg UK Ltd is a subsidiary of SwissBorg, which is based in Switzerland and has other subsidiaries in Portugal and Estonia. You can also consider reading our guide on the best crypto exchanges in the UK.
Is it safe to leave crypto on SwissBorg?
Yes, it is safe to leave crypto on the SwissBorg. It uses keyless MPC technology and advanced cryptography to protect both your crypto assets and personal data with one of the largest custody providers in the world: Fireblocks.
The app also passed a penetration test with flying colors by trusted whitehat hackers. SwissBorg also keeps 100% of user funds fully separated from its corporate funds at all times, as required by its Virtual Currency License.
How long does SwissBorg withdrawal take?
The withdrawal duration differs based on the currency and transfer method employed. In the case of fiat currencies, the time it takes for an international withdrawal via SWIFT can vary, ranging from a few hours to several days (typically 1-5 business days). This variability is due to the internal banking procedures and operating hours.
In contrast, the withdrawal timeline for cryptocurrencies relies on the specific blockchain network and its congestion level. Transactions can be finalized in a few seconds or may take up to a few hours. You can keep track of the progress of your cryptocurrency transaction by using a blockchain explorer.
Who is behind SwissBorg?
SwissBorg crypto exchange was founded in 2017 by former asset managers Cyrus Fazel and Anthony Lesoismier, who envisioned a new financial era that is fair, fun, and community-centric. They have since expanded their team to 200 members from over 50 countries, with finance, technology, and crypto expertise.