June 14, 2021

Switzerland opens up the opportunity to invest in 13 cryptocurrencies

Switzerland opens up the opportunity to invest in 13 cryptocurrencies

The state-owned company PostFinance, which operates Swiss Post, has launched an application that allows users to invest in 13 cryptocurrencies.

The app is called Yuh and is a new digital finance app from Swissquote and PostFinance for mobile banking.

Yuh can already be downloaded from the Apple App Store or Google Play Store, and anyone can open an account directly from their smartphone.

The application allows you to make payments as wellmake small or large investments in over 100 of the most popular stocks - Apple, Nike, Tesla or Coca-Cola, as well as ETFs and 13 supported cryptocurrencies.

Yuh does not charge commissions whenever possible for buying or selling, which is 0.5% for stocks and 1% for cryptocurrencies.

The launch of the application is accompanied by the launch of a new Swiss "cryptocurrency" Swissqoin... Anyone who opens a Yuh account and deposits at least500 Swiss francs, will receive 500 Swissqoin for free. In addition, additional Swissqoins can be earned through various actions in the application, and they can also be exchanged with other "users". Yuh will regularly invest a portion of his earnings in this new cryptocurrency.

“We want to make people's lives as simple as possible. With Yuh, we put the entire financial world into their hands. Everyone should have the right to decide when, where and how to manage their money "- said Yuh CEO Markus Schwab.

Yuh has ambitious goals, including becoming the most popular financial app in Switzerland, and is already working on new features to be unveiled in the coming months.

The fact that the project is backed by the statethe company PostFinance and Swissquote means that it is possible that the application will become widespread in the country, given that PostFinance is the financial arm of Switzerland Post and the largest retail financial institution in the country.

Swiss Post is the national postal service of Switzerland and a public company owned by the Swiss Confederation, which is the second largest employer in the country.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Switzerland opens up the opportunity to invest in 13 cryptocurrencies

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