Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto exchange. However, that doesn’t mean you can’t use your Credit Suisse account to buy crypto.
All you need is a reliable and trusted crypto exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.
How to buy crypto or bitcoin with Credit Suisse
As stated above, just like with the vast majority of banks, you can’t buy crypto with Credit Suisse on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency exchange.
However, luckily for us, there are plenty of crypto trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
1. Choose a crypto exchange
While there are a lot of cryptocurrency trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.
The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).
Let’s get into it!
2. Create an account on the exchange
The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.
3. Transfer funds into the account
Transferring funds from your Credit Suisse account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.
4. Buy cryptocurrency
Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.
And that’s it, you now have some crypto, congratulations!
About Credit Suisse
Credit Suisse Group AG is an international investment bank and financial service firm that was established and based in Switzerland. It has its headquarters in Zurich. There are offices around the world. Credit Suisse Group AG is one the nine global Bulge Bracket (global) banks offering services in asset management, private banking and investment banking. It is known for maintaining strict confidentiality with bank clients and banking secrecy. The Financial Stability Board considers Credit Suisse a bank that is systemically important. Credit Suisse is also the primary dealer and Forex counterparty to the FED.
Credit Suisse was created in 1856 to help finance the development of Switzerland’s rail system. It was the first bank to issue loans, which helped establish the European railway system and the electric grid in Switzerland. The rise of the middle class, and competition from UBS (a Swiss bank) and Julius Bar (a Swiss bank), prompted it to move to retail banking in the 1900s. Credit Suisse first partnered with First Boston, 1978. In 1988, it bought a controlling interest in the bank. The company bought institutions such as Bank Leu and Swiss Volksbank, Winterthur Group, Swiss American Securities Inc., Swiss American Securities Inc., Swiss American Securities Inc., and Swiss Volksbank between 1990-2000. Credit Suisse has the largest institutional shareholders, including the Qatar Investment Authority, US mutual funds providers Harris Associates and Dodge & Cox.
The bank was among the fewest affected by the global financial crises. But, the bank began to reduce its investment business, execute layoffs, and cut costs. The bank was the subject of numerous international investigations regarding tax avoidance. This culminated in a guilty plea, and the forfeiture US$2.6 Billion in fines between 2008-2012. Credit Suisse had assets worth CHF 1.66 trillion by 2021.
Credit Suisse has been at center of many controversies related to its choice in clients and climate changes, including Russian oligarchs' support during the 2022 Russian invasion Ukraine.