SwissBorg is one of the top crypto exchanges for buying digital assets such as Bitcoin and Ethereum. It is in the list of many crypto investors and traders around the globe as it offers impressive benefits to the users.
The suitability and relevance of a crypto exchange for a new crypto investor or trader can be identified based on the services and features offered by the exchange. Nearly every exchange offers the same features. However, they vary from each other based on the quality of services.
If you use the SwissBorg exchange you can benefit from several impressive features that it has to offer. However, there are a few drawbacks that you also need to know about so you can properly determine if it is a suitable option for you or not.
Benefits of SwissBorg
There are several outstanding factors of the exchange that make it a prominent option for crypto investors and traders. In this brief SwissBorg review you will get to know some of the details of the benefits every user can look forward to if they choose this exchange.
Impressive Security
Security is always one of the most stand out aspects of every exchange. The crypto space is a volatile place, which makes it unsafe and risky, especially for people with no prior experience. However, the risk can be mitigated to a great extent if the crypto investors and traders choose a crypto exchange that prioritizes the safety of the users.
The SwissBorg exchange is such a platform that makes use of leading-edge and innovative security systems to ensure the users’ funds and information remains safe from hackers and cyber failure of any kind.
Check the detailed review of SwissBorg exchange: https://www.bitcoinsensus.com/bitcoin-exchanges/swissborg-review/
Supported Assets
If you want to know what is SwissBorg then you should know that it is an advanced platform that offers support to a wide array of digital and fiat currencies. With the help of the available range of assets and the SwissBorg Wealth App you can create your own crypto-fiat trading pairs.
SwissBorg supports 14 fiat and 14 digital currency pairs, including the popular BTC and ETH.
One of the Best Fee Structures
The fee charged by an exchange is one of the most important aspects that can help an interested party in determining whether it is suitable for them to choose or not.
The SwissBorg price and fees is also an essential feature that needs to be analyzed and determined properly by you. The SwissBorg exchange is known for charging one of the lowest service fees and the details of that are mentioned below.
- No deposit fee (at the time of writing)
- Average withdrawal fee of 0.10%
- 0.5% to 2.00% for converting funds
Powerful Platform
Another major benefit of using SwissBorg is that it a powerful trading platform. This is why, numerous crypto investors and traders choose to trade digital assets through this exchange. This platform also offers fast execution, which is what everyone looks for.
Community-focused
Not many crypto exchanges are focused on what the audience is asking for and instead work accordingly to their own goals. Sometimes the exchanges are not capable enough to deliver what the community wants in a timely manner.
The SwissBorg exchange, however, is a community-focused platform that focuses on what the community suggests. This exchange makes differences based on the feedback given by the community, which is a highlighting factor.
Drawbacks of the Exchange
As mentioned above, there are also some drawbacks mentioned in this SwissBorg review, that are important for you to know. Knowing the drawbacks can help you decide if it is a good enough platform for you or not, even if they are minor.
No Desktop App
One of the more prominent disadvantages of SwissBorg is that it has no desktop application. This makes it different from other crypto platforms buy also slightly inconvenient for people who trade frequently and want to use a desktop application.
KYC Required
This can be taken as both an advantage and a disadvantage. KYC (know your customer) is like an additional layer of security. However, it can be a drawback as it limits the number of people who can access the exchange and start trading or investing in digital assets.
No Support for Credit Cards
People often go for a platform that offers numerous deposit methods so they can use the one most convenient for them. One of the drawbacks of the SwissBorg exchange is that it does not support credit cards for making deposits.
Final Takeaways!
SwissBorg is a remarkable cryptocurrency exchange that makes crypto investing and trading quite convenient for the users in numerous ways. However, it also has some disadvantages that you should know about so you can make an informed decision regarding the kind of exchange you want to use.
