Swissborg

SwissBorg Interest Accounts

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Earn compounding interest on 4 cryptocurrency assets; USDC, CHSB, BTC and ETH, paid out daily. Swissborg charges no deposit fees and a low withdrawal fee of 0.1%. Although rates for non-stakers are a little below average, this platform offers enticing rates and rewards for stakers. Learn more about Swissborg and the difference between staker/non-staker accounts below.

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7.5/10 (Expert Score)
Product is rated as #9 in category Interest Accounts

Whilst rates aren't as high for non-stakers as some competitors, there is no requirement to lock any funds or fixed term periods. This gives users much more freedom over their funds. Stakers however are required to hold and lock-in CHSB for up to 12 months. In turn, these users receive great interest rates of up to 37.55% on USDC.

Alongside this, stakers are also rewarded with greatly reduced gas/exchange fees, with no fees for BTC, CHSB or stablecoins and just 0.25% for other assets. All users have access to 16 assets, although only the same 4 (USDC, BTC, ETH, CHSB) earn interest. At the time of writing, BNB is currently in the process of being added the list of earning assets.

Whilst a secure platform utilising many security standards such as cold storage and 2FA, there is no mention of any insurance policy or audit. This is a little concerning, when savings are involved, however this platform has never undergone a security breach or hack.

Although this is a decent platform, it seems most worth it for stakers, who will enjoy vastly improved rates of up to x2 on all assets. From what we've seen, it appears that these rates remain unmatched by competitors; however is reserved only for those who can meet the requirements.

Fees
7.5
Interest Rates
9
Support Currencies
7.5
Reputation
5
Security
7
Customer Support
6
PROS:
  • No deposit fees
  • Low withdrawal fee of 0.1%
  • Supports 15 Fiat currencies
  • Compounding interest paid daily
  • Good amount of supported assets/fiat
  • Never suffered from a security breach or hack
  • Uses both online and offline wallets for user funds
  • Very detailed FAQ covering many queries on website
  • No locking of funds or fixed term periods for non-stakers
  • Supports 16 assets, however only 4 of these offer any interest
  • Accessible via PC/mobile, with support for both iOS & Android
  • Pin code, biometric scan (fingerprint), SMS verification and 2FA enabled
  • Premium users earn up to 37.55% APY on USDC, one of the best rates we've seen
  • Extra rewards for staking - Exchange fees of 0% on BTC, CHSB and stablecoins, 0.25% on other assets.
  • Reduced gas/exchange fees for stakers
CONS:
  • No live support
  • Unspecified audit
  • No Fiat support for USD
  • KYC checks compromise anonymity
  • Undisclosed or no insurance policy
  • Below average rates for non-stakers
  • Currently only 4 assets to earn interest on
  • Gas fees (average of ETH 0.000420/~0.20 USD)
  • Premium account requires a sizeable 50,000 CHSB to qualify for

Specification: SwissBorg Interest Accounts

Loan Information
Staking
Staking Percentage 50,000 CHSB
Company & Availability
Headquarters Lausanne, Switzerland
Year of origin 2017
Number of users 250,000
Insurance Coverage N/A
Previously hacked No
Eligible regions
Excluded regions China, Cuba, Iran, North Korea, Sanctioned countries, Syria, Turkey, Venezuela, Vietnam
KYC
Credit Check No
Savings Information
Supported Fiat Currencies , , , , , , , , , , , , , ,
Supported Cryptocurrencies , , , , , , , , , , , , , , ,
Lockup term N/A
Interest Payments Daily
Rate Variability Variable
Compounding Yes
Gas fees Yes
Withdrawal fees 0.1%
Cryptocurrency APY Interest
BTC APY 4.08 - 9%
ETH APY 3.55 - 18.03%
Stablecoin APY Rates
USDC APY 8.25 - 37.55%
Asset protection & Insurance
Audited Not specified
Cold Storage Yes
Company Backing Undisclosed
FDIC insurance No
Insured by Not insured
Specification
CHSB APY 5.25 - 10.50%

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