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Cashing out bitcoin through Swissquote

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smedley08

New member
Interested in Swissquote account for crypto- what are people's experience with this? Has anyone tried depositing BTC from personal wallet to Swissquote and exchanging it to fiat?
 

BlueMist

Entrepreneur
Interested in Swissquote account for crypto- what are people's experience with this? Has anyone tried depositing BTC from personal wallet to Swissquote and exchanging it to fiat?
I don’t think that’s possible at all. SwissQuote LU at least allow to invest in crypto from your cash balance and to sell it. There is no way to send on receive crypto to SQ, it doesn’t work as a wallet.
 

Elve

Active Member
I don’t think that’s possible at all. SwissQuote LU at least allow to invest in crypto from your cash balance and to sell it. There is no way to send on receive crypto to SQ, it doesn’t work as a wallet.

Yes you can deposit and withdraw cryptocurrencies in your Swissquote account. FAQ about Cryptocurrencies, Bitcoin and other Crypto-Assets | Swissquote

But I perceive that deposits are especially for those who want to give Swissquote to safeguard their cryptocurrencies.

If you use their services only for the purpose of exchanging to fiat, you may have a problem, in that case it is better to use bitstamp and withdraw from bitstamp to swissquote.

Bitstamp and coinbase is the exchange that provides liquidity to Swissquote.
 

mike400

Active Member
Has anyone tried to open a Swissquote account with UAE residency? What documents did they require?
 

BlueMist

Entrepreneur
Has anyone tried to open a Swissquote account with UAE residency? What documents did they require?
I opened with Internaxx LU (currently SQ LU), I guess the documentation should be similar:


- application form, sign it, date it and mention the place where it was signed. Collect the required documentation as follows:

· High quality passport copy including the photo, signature and personal information page(s).

· Proof of residential address - A utility bill showing your name, residential address and dated in the past six months.

· Proof of employment (Origin of the funds to be invested)

· Additional Client Information
- business licence copy, company bank statements for self employed, personal bank statements
 
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