Would you like to invest in crypto currencies? Nowadays there is a vast number of new and innovate products and possibilities to invest in this new asset class in them, whereas the greatest dangers lurk when choosing the right solution. A lot of providers are neither regulated, nor is the security of the storage in these so-called “wallets” guaranteed. Furthermore, there are a countless number of different “Coins”, but also a lot of dubious offers. Most recently, authorities around the world took strong action against this unregulated market, causing the speculative bubble to burst. Despite this, the range of products and services in this market keeps on rising. It therefore is, for a lot of less experienced investors, very difficult to determine the right offer and to add it to an existing portfolio structure. Ultimately, the individual risk capacity and risk tolerance must not be disregarded. We will be happy to assist you to determine how high the proportion of this asset class should be in the context of your existing asset allocation.We rely only exclusively on Swiss certificate solutions from regulated and established third-party providers.
How can I invest in crypto currencies?
It is very easy to access these digital currencies via crypto exchanges. Here, the purchased coins can be stored and managed. However, it has often turned out that these storage solutions via crypto exchanges are often relatively unsteady. From one side, dangers exist due to the insolvencies of these exchanges, through hacking attacks as well as because of due to the legal domiciles of these exchanges as they are often located in emerging markets. Many Swiss banks now offer certificates for investments in crypto currencies. Such solutions are often a bit more expensive but have the advantage that you do not need to care much about the storage and security of your crypto currencies. When exchanging digital currencies into traditional currencies and vice-versa, crypto currency exchanges are on the other hand other even more expensive in many cases. We are here to help you with a safe access for trading crypto currencies by investment certificates from selected third-party vendors.
Should I invest into crypto currencies?
Investing in crypto currencies is highly speculative. Currently, it’s noticeable that the volatility is slightly decreasing, but compared to the traditional asset classes the volatility remains very high. Only those who are willing to take risks and also have the corresponding risk profile, should take purchasing crypto currencies into consideration. The future of the crypto currencies remains uncertain. The possibility is there, that in the near future a technical superior digital currency will overtake the existing crypto currencies or that a regulated government digital currency will be introduced. Just as well, extreme market events can drastically shake confidence in the classic central bank system and help crypto currencies into a second spring. In conclusion, no one – including us – can give you a serious answer where the journey of the crypto currencies is headed.
How can I make sure if a provider of crypto products is legitimate?
Don’t believe everything which is on the internet, as promising reviews often directly come from the supplier’s own environment. Check whether the supplier is domiciled in a country where legal certainty is ensured, and the supplier is being supervised accordingly (by a regulatory authority). Before investing into digital currencies, make sure to only make investments if the supplier’s business model is understandable and comprehensible. Additionally, obtain independent opinions from experts to make the safest possible choice. Switzerland is one of the largest market places for crypto products and services and offers sufficient possibilities. However, not all providers have a corresponding licence. Check the FINMA warning list in advanced: https://www.finma.ch/en/finma-public/warnliste
Since crypto offerings are currently shooting out of the ground, the list is never conclusive. Report unserious Swiss service providers directly to the Swiss Financial Market Supervisory Authority (FINMA) and help yourself and other investors against potential fraudsters.
Where do I find further information to the crypto currency themes and the underlying blockchain technology?
For those interested in the technical side (and understands this theme), should read the following document: https://bitcoin.org/bitcoin.pdf
For those who would like to keep up to date and is looking for a serious publication, should subscribe to the Crypto Research Report from Cryptoresearch: https://cryptoresearch.report/
Current crypto currency market data you can find at CryptoCompare: https://www.cryptocompare.com/
The regulatory general conditions in Switzerland can be find under the homepage of the FINMA: https://www.finma.ch/en/bewilligung/fintech/
More information about the framework of “Initial Coin Offerings” (ICO) can be find under: https://www.finma.ch/en/news/2018/02/20180216-mm-ico-wegleitung/
