Best Crypto Exchanges in Switzerland

Switzerland remains one of the most advanced crypto jurisdictions globally. The DLT Act (fully in force since 1 August 2021) created a legal basis for tokenization and DLT trading facilities under FINMA – part of why “Crypto Valley” continues to thrive. In March 2025, FINMA even licensed the first DLT trading facility (BX Digital), signaling a mature, innovation-ready rulebook.

How crypto is taxed in Switzerland

Private investors: Capital gains on crypto held as private wealth are generally tax-free; unrealized year-end values are subject to wealth tax at the cantonal level. Frequent/highly leveraged “trader-like” activity can be reclassified as self-employment (then gains are taxed as income). Always check your canton’s rules.

FINMA-aligned exchanges that work well for Swiss users (CHF on-ramps, compliance, support)

These platforms either operate with strong European/Swiss oversight or are widely recognized for robust compliance; several support CHF funding (bank card, transfer, or P2P):

Kraken — Deep liquidity, strong security, euro/CHF rails via partners; fully EU-compliant and popular with Swiss users.
Bybit — Large spot/futures catalog, competitive fees (maker 0.01% / taker 0.06%); CHF access via P2P and card partners; Swiss users commonly fund via CHF on P2P (e.g., USDT/CHF).
Bitstamp — One of the sector’s most regulated CEXs (CSSF in Luxembourg; NYDFS oversight for US arm; FCA AML/CTF compliance). Suits users prioritizing longevity and rigorous controls.
Coinbase — Long-standing licensing footprint (BitLicense; broad US state coverage) and strong AML/OFAC compliance; simple UX for beginners.
Bitpanda — EU licenses (MiFID II investment firm, PSD2 e-money, multiple VASP regs) and staking/swapfeatures; SOC 2 Type I security attestation.
Crypto.com — Global licensing (FCA e-money, Singapore MPI for DPT, VARA Dubai, and multiple EU registrations), with a wide asset list and card/fiat options.
SwissBorg — Swiss-born wealth app with transparent fees and CHF funding options through the app; emphasizes security (MPC, stress-testing) and clear pricing.
Uphold, eToro, AvaTrade, Gemini — Each offers broad multi-asset access and extensive supervisory coverage (FCA/FinCEN/FINTRAC/NYDFS, etc.); good for diversified portfolios that include crypto alongside FX, stocks, or commodities.

Tip: If you need fiat in/out (CHF), prioritize the highly regulated group above. If you only swap crypto-to-crypto and value speed or privacy, the next section is for you.

Credible no-KYC options (crypto-only, fast onboarding & privacy)

Regulators worldwide are tightening identity checks, but there are still exchanges where you can start with minimal or no KYC – typically email signup, with withdrawal caps until you verify. Always confirm current limits in-app; policies evolve.

KCEX

Why it stands out: No-KYC onboarding, zero-fee spot, extremely low derivatives fees (0.01% taker; makers often zero).
Compliance note: Registered as a US FinCEN MSB (publicly posted registration no. available in KCEX help docs).
Caveats: Crypto-only (no fiat desk).

MEXC

No-KYC tier: Official help center states No-KYC = up to 10 BTC/24h (with regional caps in some countries; some locales enforce ~1,000 USDT combined in/out without KYC).
Upside: Huge coin list, deep liquidity, copy trading and derivatives.
Caveats: OTC and higher limits require KYC.

Bitunix

Reality check: Bitunix’s own support says KYC-0 has 0 USDT withdrawal, and withdrawal allowances depend on security setup/KYC; other third-party guides report limited no-KYC withdrawals (~$10k/day).
Takeaway: You may be able to trade without KYC but expect restricted withdrawals until you complete at least basic verification; confirm live limits in your account.

Phemex

Policy in practice: Phemex ties 24-hour withdrawal limits to your KYC level; some reviewers note a small non-KYC allowance (historically up to ~2 BTC/day) while full features need KYC.
Bottom line: You can start without KYC in some regions, but plan on KYC to scale.

Tapbit

Positioning: Markets itself with global registrations (e.g., MSB, FINTRAC, SVGFSA, NFA exemptions). Several reviewers and tutorials describe email-only start, but Tapbit also provides a KYC flow to raise limits and unlock features.
Practical: Treat it as light-KYC/optional at first, required as size/features increase.

Quick chooser: which route suits you?

I need CHF on-ramps/off-ramps + maximum certainty: Use Kraken, Bitstamp, Coinbase, Bitpanda, Crypto.com, SwissBorg (mix and match for fees and UI preference).
I want privacy & speed (crypto-only): Start on KCEX or MEXC; consider Phemex/Tapbit for advanced contracts, but expect KYC if you scale. Bitunix may require KYC for withdrawals per the latest support doc.

Fees & features to weigh (beyond the marketing)

Trading fees: Bybit’s derivatives fees (0.01%/0.06%) are very competitive; KCEX runs zero-fee spot and ultra-low futures fees; MEXC is aggressive on alt liquidity. Compare per market you trade most.
Funding rails: If you need CHF, look for card/bank/P2P availability; Bybit’s CHF P2P desk is widely used; SwissBorg and Kraken are popular for fiat reliability.
Regulatory comfort: FINMA’s DLT framework and the 2025 DLT facility license underpin Switzerland’s institutional posture—use this as a north star if you care about long-term counterparty risk.

A simple, Switzerland-ready stack (what many locals do)

On-ramp/off-ramp (CHF): Kraken or SwissBorg (and/or Bitstamp, Bitpanda, Coinbase) for salary-to-crypto and back.
Active trading (low fees): Bybit for futures/alt liquidity; Crypto.com for ecosystem perks.
Privacy venue (crypto-only): KCEX or MEXC; consider Phemex/Tapbit for specific markets—just monitor KYC prompts and withdrawal caps.

Key Takeaways

Switzerland gives you regulatory clarity, tax predictability for private investors, and a world-class platform menu. Pick a regulated CHF gateway for funding and safety, then add a no-KYC sidecar if you value speed or discretion for crypto-to-crypto – while keeping an eye on evolving KYC thresholds.

If you want, I can turn this into a comparison table (fees, CHF on-ramp options, current no-KYC withdrawal caps, staking availability) tailored to your exact trading style.