With over 20,000 coins and a market capitalization of over $977 billion, the crypto market is still a very young asset class.
Therefore, there are many opportunities, but also risks. The crypto market experiences constant ups and downs, which has brought some crypto exchanges & crypto brokers to their knees.
Cryptocurrencies – A profitable investment?
Cryptocurrencies have existed since 2008 and have now established themselves in large parts of society. The first cryptocurrency used to be known to many as a means of payment for shady deals, but times have changed.
In recent years, investors have increasingly recognized the advantages of Bitcoin and others. They started investing in cryptocurrencies. This new asset class has not gone unnoticed by institutional investors either. The so-called “smart money” has been investing in cryptocurrencies for several years.
The chances & risks
In the past, many investors have generated incredible returns with cryptocurrencies. In particular, if you don’t let yourself be dissuaded from your investment by enormous price fluctuations, you will be rewarded.
Bitcoin and many other cryptocurrencies are extremely volatile and can sometimes lose more than 70% in value. Mainly after prices fell significantly, cryptos were declared dead by the media.
Nevertheless, Bitcoin and others have recovered every time and recorded new all-time highs.
Buy cryptocurrencies in Switzerland: Tips for a successful investment
- Find out in detail about a cryptocurrency – what does it do, what problem can it solve, and what does the future look like?
- Define your investment strategy – do you want to trade or hold?
- Detach yourself emotionally from your investment to keep a cool head.
- Stick to your investment strategy even when the market is slipping.
- See negative news as an opportunity and don’t let it influence you too much.
Here you can buy cryptocurrencies in Switzerland
It is easier than you think if you want to buy cryptocurrencies in Switzerland (kryptowährungen kaufen in der schweiz). However, there are now a very large number of trading places where you can trade Swiss cryptocurrencies.
Coinbase is the best crypto exchange in Switzerland. The platform went public in 2021, making it extremely secure and reliable.
Accordingly, the best crypto broker in Switzerland is eToro. The platform is one of the world’s best-known brokers. Here you can trade both real cryptos and certificates on cryptocurrencies.
What is good about buying cryptocurrencies in Switzerland is that you do not have to pay any taxes on the resulting profits.