How do you buy bitcoin? If you are just starting with crypto, this thought might have bothered you. The main concern behind this though is the fluctuating rates of crypto exchanges. What if I tell you there’s a platform where you can buy bitcoin and other cryptocurrencies without worrying about exchange rates.
Enter SwissBorg!
SwissBorg is a cryptocurrency exchange that integrates major exchanges to provide the best exchange rates. In this review post, we will discuss SwissBorg in detail.
Let’s get started.
History
Headquartered in Switzerland, SwissBorg was founded in 2017 by Anthony Lesoismer and Cyrus Fazel. Their aim behind this project was to enable everyone to better manage their wealth.
SwissBorg team raised $50 million in their ICO in January 2018. With this funding, they developed their product and launched the SwissBorg Community App in March 2019. However, their flagship product – SwissBorg Wealth App was launched in January 2020. Wealth App allowed users to trade cryptocurrencies and earn yields on their deposits.
SwissBorg At A Glance
SwissBorg is a cryptocurrency exchange platform that allows users to trade 15 listed cryptocurrencies including Bitcoin, Ethereum, USD Coin, etc. The platform is unique as it simplifies purchasing cryptocurrencies and provides the best liquidity and prices by integrating major crypto exchanges like Binance, Kraken, etc.
Currently, SwissBorg is supported in 115 countries around the world and accepts payments in 15 different fiat currencies such as EUR, GBP, and CAD to name a few.
SwissBorg features easy-to-use trading tools, portfolio analytics, and a community interaction app. The platform also has its native crypto token – SwissBorg Network Token (CHSB). Currently, each CHSB token is worth $1.22, according to CoinMarketCap.
Supported Cryptocurrencies
You can buy bitcoin and 14 other cryptocurrencies on SwissBorg –
- Bitcoin (BTC)
- Ethereum (ETH)
- SwissBorg Token (CHSB)
- USD Coin (USDC)
- PAX Gold (PAXG)
- Enjin Coin (ENJ)
- Aave (AAVE)
- Binance Coin (BNB)
- KyberNetwork (KNC)
- Dai (DAI)
- Compound (COMP)
- Ren (REN)
- Uniswap (UNI)
- Polkadot (DOT)
- Chilliz (CHZ)
SwissBorg Highlights (250)
SwissBorg Wealth App
SwissBorg Wealth App is the major offering of the platform that allows users to buy bitcoin and other cryptocurrencies. It also helps you manage your crypto portfolio by providing market insights. The dashboard is user-friendly and loaded with features such as analytical tools powered by deep learning algorithms. These tools give you better insight into your crypto portfolios.
Smart Engine
The Smart Engine analyzes hundreds of trading pairs from major cryptocurrencies in seconds. As a result, you enjoy the best liquidity and exchange rates on the SwissBorg platform.
Smart Yield Account
This account allows you to earn annual yields on your deposited cryptocurrencies. The Smart Yield Account connects you to the best decentralized finance (DeFi) applications to provide high returns. Considering this is the recent addition to the SwissBorg portfolio, currently, it supports only USDC with an APY of 10.35% for standard users and 20.69% for premium users.
Community App
SwissBorg Community App is a gamified platform to earn some bitcoins. It allows you to speculate on the future price of bitcoin, if your prediction hits right you will earn some BTC units. The application is available for both Android and iOS devices. Registration on the community app is smooth and it just takes a few seconds.
How Do You Buy Bitcoin Using SwissBorg?
- Create your SwissBorg account
- Click the ‘Marketplace’ tab of the application
- Choose Bitcoin as the cryptocurrency and click ‘Buy’
- Now choose the fiat or crypto account for this purchase
- Once you are done validate the amount and you are done
The Verdict
SwissBorg is amongst the most unique crypto exchanges. The platform provides the best exchange rates as its smart engine integrates major crypto exchanges like Binance and Kraken. If you wish to buy bitcoin and other listed cryptocurrencies at the best rates, SwissBorg is for you.