Security at Bitcoin Suisse
At Bitcoin Suisse, your assets are safe – always. Here’s why
Minimal Counterparty Risk
The Counterparty Bitcoin Suisse
Founded in 2013, Bitcoin Suisse is the Swiss crypto-finance and technology pioneer and market leader. Bitcoin Suisse has helped to shape the crypto and blockchain ecosystem in Switzerland and has been a driving force in the development of the ‘Crypto Valley’ and ‘Crypto Nation Switzerland’.
Bitcoin Suisse is a Swiss crypto financial services provider and, as a member of the self-regulatory organization (SRO) “Verein zur Qualitätssicherung von Finanzdienstleistungen” (VQF), has been subject to Swiss AML regulations combating money laundering and terrorist financing since 2014.
Bitcoin Suisse has a longstanding, largely self-funded and successful financial track record. After its successful Series A ending in July 2020, Bitcoin Suisse is most likely the strongest capitalized crypto financial service company in Europe with equity capital of over CHF 100m and no outstanding debt.
Grant Thornton has been serving as the financial auditor of Bitcoin Suisse AG since 2017.
Trading on Bitcoin Suisse Online
As a broker, Bitcoin Suisse trades over the largest exchanges globally to find the most advantageous order execution for our clients.
Compared to trading on a single exchange, we provide “Best Execution” for your trades across the most reputable exchanges globally. This means, that we will select one or more exchanges that provide you with a combination of the best possible market price, liquidity and speed of execution – guaranteed by us.
We take over the risk of dealing with exchanges for you, so you can trade worry-free.
Custody on Bitcoin Suisse Trading and Brokerage accounts
Bitcoin Suisse holds the vast majority of client assets in segregated accounts such that they would not be affected in the event of a potential default of Bitcoin Suisse. Furthermore, all fiat and crypto assets that would be considered public deposits under Swiss banking laws are protected by a bank guarantee from a Swiss bank as per art. 5 para. 3 let. f Banking Ordinance.
Custody in the Bitcoin Suisse Vault
Bitcoin Suisse provides institutional-grade, ISAE 3402 audited custody for crypto assets in the time- and penetration-tested Bitcoin Suisse Vault. Together with Swiss Crypto Vault AG, Bitcoin Suisse has developed a proprietary secure cold storage concept applying the highest standards of cryptographic, IT and physical security as well as multi-party-signing processes. It leverages Bitcoin Suisse’s longstanding track record of crypto asset experience and the expertise of its technology division comprising software, infrastructure and security specialists focusing on blockchain technology.
We are working with Swiss public notaries to enable succession and inheritance planning in an individually controlled set-up. This prevents that crypto assets are lost in case the original owner deceases.
Assets that are stored in the Bitcoin Suisse Vault are held in cold storage on separated blockchain addresses and controlled directly by the owner. Transaction authorizations enforce custom multi-person approval workflows and time delays based on the owner’s unique requirements.
Read more about Bitcoin Suisse Vault here.
User Account Protection
Bitcoin Suisse applies the required physical, technical and procedural standards for safekeeping and trading crypto assets. It follows industry best practices, such as:
Two-Factor Authentication (2FA) for Account Login
To guarantee safety of your account, we enforce time-based 2-factor authentication using mobile applications such as Authy. This means that in addition to your username and password, you will enter a code from your authenticator app on your mobile phone, adding an extra layer of security for your account.
Additional Two-Factor Authentication (2FA) for Account Withdrawals
All account withdrawals have to be confirmed by entering two-factor authentication and e-mail.
Data Security & Privacy
Bitcoin Suisse adheres to industry best practices. We take all reasonable technical and organizational security measures to protect your stored data against manipulation, loss, or unauthorized third-party access. We also take internal data privacy very seriously. Our employees and service providers are required to maintain secrecy and to comply with the applicable data protection legislation.
