Recently updated on February 20th, 2022 at 07:40 pm
SwissBorg is an outstanding crypto exchange that you will come across in the crypto market. It was founded in 2016 and it has since then made its way to the top across the globe. It is based in Switzerland and was established to offer a safer, quicker and easier platform to the users for crypto investing and trading.
There are numerous benefits and services that this exchange has to offer, which is why many crypto investors and traders prefer to use it. It is one of the exchanges that are suitable for both beginners and experts. Therefore, whether you are new to crypto space or not, SwissBorg exchange is a good exchange that you can opt for.
Here are some of the major reasons why you should opt for this exchange.
SwissBorg Offers Utmost Safety to the Users
Security is the top priority of every crypto enthusiast, especially if they are new to the world of crypto. Similarly, the security of the customers should also be the first priority of a good crypto exchange. Fortunately, SwissBorg is one of the exchanges that takes the security of users’ funds very seriously.
The administrative team of the exchange is comprised of some of the best and experienced experts who aim to provide security and stability to the users.
The exchange also makes use of cutting-edge security systems to keep the user’s funds out of harm’s way. Some of the advanced security systems used by the exchange are:
- Cold wallet storage
- Latest security software
- MPC cryptography
- Security questions
- Two-factor authentication feature
Very Low Fees Charged by the Exchange
If you want to know what is SwissBorg, then you should know that it is a blockchain platform that features advanced analytical tools, investment options and a lot more. The platform aims to make crypto investing and trading easy and safe for every interested party and one of the things potential users look for is the fee charged by the exchange.
One of the reasons why SwissBorg is popular is the fee structure it offers to the users. The fee charged by the exchange is one of the lowest in the market and does not include any hidden charges.
The exchange charges:
- An average withdrawal fee of 0.10% for BTC, ETH, CHSB and supported fiat currencies.
- 5% to 2.00% for converting funds from fiat to fiat, crypto to crypto, fiat to crypto and fiat to stable coins.
- The fee to purchase a digital asset ranges from 0-1%, which is one of the lowest levels.
Variety of Crypto Assets Supported
Before choosing the exchange it is important that you take a look at any kind of SwissBorg review so you can determine whether the exchange offers services suitable to you or not. One of the most important aspects you should look for before choosing an exchange is the digital currencies that the platform supports.
SwissBorg supports a wide range of digital assets, which is a total of 14 different pairs.
Top Factors That Determine The Price Of Bitcoin All The Time
The fiat currencies supported by the exchange are:
- USD
- SEK
- RON
- PLN
- NOK
- ILS
- HUF
- HKD
- GBP
- EUR
- DKK
- CZK
- CHF
- BGN
The digital currencies supported by the exchange are:
- USD Coin
- Ren
- PAX Gold
- LEND
- Kyber Network (KNC)
- KNC
- Ethereum
- Enjin
- DAI
- Compound
- CHSB
- Bitcoin
- Binance Coin
- Aave (LEND)
SwissBorg Wealth App
Along with knowing the SwissBorg price, security systems and more, you should also know about the SwissBorg Wealth App. This is an innovative app that helps the exchange in delivering numerous services to the users such as custom-made crypto investment options and more.
Here are some other features of the Wealth App that can help you determine if SwissBorg is a suitable exchange for you or not.
- Access to crypto bundles
- Analytical Tools
- Good and transparent fee structure
- SwissBorg Advisors
- SwissBorg Smart Engine
- Utmost Security
Thorough Yet Simple Registration Process
As mentioned earlier, the SwissBorg exchange prioritizes the safety of the users and their funds, which is why it requires KYC (know your customer) from the users. The process to register is easy but it is thorough and the KYC adds to the security offered by the exchange.
After you complete the KYC registration process, answer the necessary questions and provide the documents, you can complete the following steps.
- Get the SwissBorg app
- Follow the instructions
- Complete your account verification
- Upload the required documents
- Provide your contact info
- Specify your nationality
- Answer the security checks
Final Takeaways!
SwissBorg is one of the top exchanges in the market, among both experienced and inexperienced crypto enthusiasts. This exchange has been created to make crypto investing and trading easy, safe and fast for everyone. However, you should know a few key factors before you choose the exchange. Some of the major reasons why you should use the SwissBorg exchange are mentioned above.
