Before we dive into the detailed analysis, here's a summary of Swissborg's key metrics at a glance.
SwissBorg Quick Overview
About SwissBorg: Origins and Target Audience
SwissBorg is a cryptocurrency investment app founded in Lausanne in 2017 by Cyrus Fazel and Anthony Lesoismier. The project raised approximately $52 million in its ICO and launched its main app in 2020. As of August 2026, it reports more than 918,000 verified users and more than $1 billion in client crypto assets.
Pros
AMF MiCA License
Smart Engine that aggregates liquidity from more than 40 CEXs, DEXs, and FOREX markets
Over 400 tokens, Earn, Bundles, Alpha, and Auto-Invest
Easy-to-use app, fiat accounts, and the new SwissBorg Card
Cons
Standard fee of 0.99 %, higher than the fees charged by many exchanges
It does not offer futures, margin trading, or a traditional professional trading platform
To get the best rewards, you need to accumulate and lock up BORG
Complex pricing structure based on product and Loyalty Rank
Since its launch, SwissBorg has evolved from a mobile trading app into a crypto wealth management platform. Its offering combines an exchange, Earn, Crypto Bundles, Managed Portfolios, Alpha Early Deals, Auto-Invest, automated orders, and a card launched in 2026.
SwissBorg does not define itself as a traditional exchange. It acts as a broker and meta-exchange: when a user trades an asset, the Smart Engine aggregates liquidity from more than 40 centralized exchanges, decentralized exchanges, and FOREX markets. It can use direct on-chain execution and build synthetic routes for pairs that do not exist on any single platform.
This system supports more than 76,000 crypto-fiat, crypto-crypto, and fiat-fiat pairs. Its main difference from a maker/taker order book is that SwissBorg calculates the route and displays the fee upfront before confirmation, without adding a separate hidden spread. The fee is intended to approximate the total cost of execution.
Who is SwissBorg for? For European investors who want to manage a portfolio through a simple interface, automate purchases, and access high-yield products without using a complex trading platform.
The ecosystem revolves around BORG, its token. Loyalty Ranks use locked BORG to determine cashback and benefits in Earn. The Paid to Trade mechanism allocates a portion of the fees to BORG buybacks, which are credited as cashback, along with quarterly performance-based buybacks and token burn mechanisms decided through governance. Thus, trading activity directly fuels the token’s economy rather than simply becoming fee revenue.
Behind the brand is SBorg SA, headquartered in Lausanne and owner of the SwissBorg app. Cryptoasset services in the European Union are provided by BlockNodes SAS from Paris; users outside the EEA are served by another entity within the group. The company has more than 200 employees and offices in Switzerland, France, and Estonia.
What level of security does SwissBorg offer?
SwissBorg combines MiCA authorization, asset segregation, MPC technology without a single private key, recovery controls, and transparency tools. Its architecture is designed to reduce the risk associated with a centralized credential, although it remains a custodial service and does not eliminate counterparty risk.
Public ratings from users are displayed as follows:
European Regulation and MiCA Authorization
SwissBorg provides its cryptoasset services in Europe through BlockNodes SAS, a company domiciled in Paris with SIREN number 929 022 002. This entity holds the authorization from France's Autorité des marchés financiers as a crypto-asset service provider (CASP) under the MiCA regulation, with license number A2026-011. The license covers six services: custody and administration, order execution, cryptoasset placement, cryptoasset advisory, portfolio management, and transfer services.
It is precisely the authorizations for advisory and portfolio management services (services h and i) that set SwissBorg apart from traditional exchanges. The company positions itself as the only CASP entity authorized under MiCA capable of combining trading, financial advisory, and portfolio management cryptocurrency within a single European regulatory framework. At the end of June 2026, SwissBorg transferred the accounts of users in the EEA, Switzerland, and the United Kingdom to BlockNodes SAS; in the United Kingdom, its financial promotions are approved by the FCA under the Gateway 21 regime, while users outside the EEA are served by another entity within the group.
In practice, this means that a resident of Spain can open and operate an account under the European regulatory framework, provided that the product in question is available in their market. It is worth noting that MiCA requires compliance with strict standards for asset segregation, disclosure transparency, risk management, and anti-money laundering, but under no circumstances guarantees The value of cryptocurrencies does not protect against losses resulting from market fluctuations.
Important note: MiCA requires segregation, transparency, and anti-money laundering measures, but it does not guarantee the value of cryptocurrencies or cover market losses.
Custody and protection of funds
SwissBorg uses Fireblocks' MPC technology to distribute the signing process and prevent a single private key from concentrating all the risk. The infrastructure is complemented by internal control and monitoring systems, as well as mandatory segregation under MiCA.
The company states that it keeps user assets separate from corporate funds. Fiat funds are managed through banking and payment partners, while cryptocurrencies are distributed among custody solutions and platforms connected to the Smart Engine. SwissBorg also maintains public pages on transparency and fund segregation with disclosures similar to a proof-of-reserves, something not all of its competitors offer on a permanent basis.
Key protection measures include:
- MPC technology without a single vulnerable private key.
- Segregation of client assets from the company's assets.
- MiCA Authorization and BlockNodes SAS's Custody Obligations.
- Passkeys, biometrics, access codes, and trusted devices.
- Freezing for 48 hours following certain recovery procedures.
- Security audits, penetration testing, and continuous monitoring.
Reserve Test and transparency
SwissBorg offers a tool called Proof of Liabilities that allows users to verify that their balance is included in the liabilities published by the platform. It also provides information on assets under management and their custody structure.
A liability review is useful, but it does not, on its own, constitute a full financial audit. To demonstrate solvency, liabilities must be compared with assets and obligations of equal scope, in addition to taking into account corporate debt, legal risks, and funds held by third parties.
SwissBorg maintains that user funds remain backed and segregated. The MiCA authorization adds oversight and formal requirements, but users must distinguish between cryptographic proof, custody, solvency, and protection against losses: these are not interchangeable concepts.
Account Security
At the user level, SwissBorg uses the phone number as an identifier and allows users to secure access using a passkey, biometrics, or a code. Recovery on a new device can be performed using a passkey, a 12-word recovery phrase, or manual identity verification.
After a withdrawal, funds are temporarily locked for 48 hours to protect them. Transfers are also subject to the Travel Rule and may require identification of the owner of the destination address. These checks enhance security but can slow down legitimate transactions.
Pros
MiCA License No. A2026-011 issued by the AMF
MPC Keyless, Passkeys, and Lockout After Recovery
Asset Segregation and Proof of Liabilities
Device Controls and the Travel Rule
Cons
MiCA does not cover losses due to market volatility or user errors
Custody is handled by SwissBorg and third-party providers
A liability test is not a substitute for a full financial audit
Reviews may delay recalls or device changes
Where is SwissBorg available?
SwissBorg states that its app is available in 68 countries and territories across Europe, Asia, Africa, and the Americas. Its core market is Europe, and it supports approximately 11 to 16 fiat currencies depending on the region, including EUR, CHF, GBP, and USD.
Within the European Economic Area, it operates under the MiCA license held by BlockNodes SAS. It also provides services in Switzerland and the United Kingdom in accordance with the regulatory requirements applicable to each jurisdiction. The United States is not supported, and availability in Canada and other countries may depend on provincial or local requirements.
Did you know? SwissBorg is available in 68 countries, but products such as Earn, Alpha, and the Card do not always have the same coverage as the app itself.
The complete list published in August 2026 is: Åland Islands, Andorra, Argentina, Austria, Bahamas, Belgium, Brazil, British Indian Ocean Territory, Canada, Chile, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Falkland Islands, Finland, France, French Guiana, French Polynesia, Germany, Gibraltar, Greece, Guadeloupe, Iceland, India, Ireland, Isle of Man, Israel, Italy, Japan, Jersey, Kazakhstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Martinique, Mauritius, Mayotte, Mexico, Montserrat, the Netherlands, New Caledonia, Norway, Poland, Portugal, Réunion, Romania, Seychelles, Singapore, Slovakia, Slovenia, South Korea, Spain, Saint Barthélemy, Saint Helena, Saint Martin, Saint Pierre and Miquelon, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, United Kingdom, and Wallis and Futuna.
The deposit methods—Earn, Alpha, Crypto Bundles, and SwissBorg Card—do not necessarily have the same coverage. For residents of non-European countries, transfers are currently limited to GBP via Faster Payments, EUR via SEPA or SEPA Instant, and USD or AED via SWIFT. The fact that the app can be downloaded in a country does not mean that all products are available to residents of that country.
SwissBorg Fees: How Much Does Trading Really Cost?
SwissBorg does not use a maker/taker fee structure because it does not operate its own order book. Its broker and meta-exchange model charges a trading fee that is displayed before the trade is confirmed. The Smart Engine compares more than 40 liquidity sources and does not add a hidden spread, so the visible commission is close to the total cost. The fee is 0.99 % across all Loyalty Ranks, and differentiation is achieved through cashback in BORG, not through a direct discount.
Trading fee: 0.99 % per trade
The base fee for trading assets is 0.99 % across all ranges. The minimum transaction amount is €5, and the standard maximum is €120,000. The Smart Engine can split the transaction across multiple markets to find a competitive pricing route.
Cashback on commissions depends on your Loyalty Rank. Standard returns up to 5 %; Bronze, up to 15 %; Silver, up to 30 %; Gold, up to 50 %; Platinum, up to 65 %; Diamond, up to 80 %; and Elite, up to 99 % based on Dynamic Elite Ranks and position in the Loyalty Score rankings.
| Loyalty Rank | BORG Lock Required | Maximum cashback on the commission |
|---|---|---|
| Standard | 0 | Up to 5 % |
| Bronze | 1,000 BORG | Up to 15 % |
| Silver | 3,000 BORG | Up to 30 % |
| Gold | 10,000 BORG | Up to 50 % |
| Platinum | 30,000 BORG | Up to 65 % |
| Diamond | 60,000 BORG | Up to 80 % |
| Elite | 100,000 BORG | Up to 99 % according to Dynamic Elite Rank |
In Elite, the effective rate can drop to approximately 0.10 % thanks to cashback. Dynamic Elite Ranks extend the cashback to 99 % of the fees for the top positions in the ranking. Cashback is paid in BORG: SwissBorg converts the amounts daily and distributes them weekly to the locked BORG account.
| Platform | Maker | Taker |
|---|---|---|
Bitget
|
0,10% | 0,10% |
Bybit
|
0,10% | 0,10% |
Bitvavo
|
0,15% | 0,25% |
Binance
|
0,10% | 0,10% |
Kraken
|
0,25% | 0,45% |
SwissBorg
|
Not applicable | 0,99% |
Comparing these figures requires caution: SwissBorg aggregates liquidity and displays a final price, whereas an exchange with an order book separates commission and slippage. Even so, for small trades, the standard 0.99 % is objectively better than the nominal fee charged by many competitors.
Did you know? Exchanging 1,000 € at a rate of 0.99 % amounts to 9.90 € before cashback. Standard members can recover up to 5 % in BORG, and Elite members can reduce the effective rate to around 0.10 %.
Deposits and Withdrawals: Free Bank Deposits
SwissBorg does not charge fees for deposits made via bank transfer. Deposits made with a card, Apple Pay, or Google Pay do incur a fee that varies by tier and region: for standard European users, the fee can start at 2.25 %, with a minimum of 5 €.
Fiat withdrawals are subject to a fee of 0.10 %. For euros, the minimum is €1.50 and the maximum is €100. The receiving bank or intermediary may add its own fees.
Cryptocurrency withdrawals include the real-time gas fee and a 0.10 % execution fee, subject to minimum and maximum amounts depending on the asset and network. Smart Send between SwissBorg users is fee-free.
SwissBorg Earn and Advanced Products Committee
Earn deducts fees from the rewards generated. For standard strategies, the service fee can be as high as 50 % for the Standard tier, gradually decreasing to 0 % starting at the Platinum tier. The net return multiplier ranges from 1x to 2x depending on the tier.
Crypto Bundles charge a buy or sell fee ranging from 1.49 % to 0.25 %, plus a monthly subscription fee of 0.12 % for the lower tiers or 0.10 % for Platinum, Diamond, and Elite. Managed Portfolios charge a 1.5 % exit fee if sold within the first year.
Overall, SwissBorg offers transparency before confirmation, but its structure isn’t simple. The cost varies depending on whether you’re using the exchange, making card deposits, using Earn, Bundles, Alpha, or managed portfolios. The Loyalty Rank can significantly improve the effective rate in exchange for purchasing and locking up BORG.
| Concept | Cost on SwissBorg |
|---|---|
| Standard Exchange | 0.99 % before cashback |
| Commission Cashback | From 5 % to 99 %, based on Loyalty Rank and Dynamic Elite status |
| Bank deposit | 0 € via SwissBorg |
| Card Deposits in Europe | Starting at 2.25 %; standard minimum of 5 € for Standard |
| Fiat withdrawal | 0.10 %; in EUR, minimum €1.50 and maximum €100 |
| Smart Send | 0 € |
| Crypto Withdrawal | Real gas + 0.10 % execution, with lows and highs |
| Crypto Bundles | 1.49 %-0.25 % + 0.12 %-0.10 % monthly |
Step-by-Step Guide to Opening an Account with SwissBorg
Opening an account with SwissBorg requires a digital registration and verification process. Spanish residents are served by BlockNodes SAS under its MiCA authorization, provided they meet the eligibility requirements.
Step 1: Initial registration
The process begins in the iOS or Android app or on the web version. You must enter a phone number, verify it using a code, and provide an email address. SwissBorg uses the phone number as the account’s unique identifier.
You must select your country of residence correctly, as this determines the contracting entity, the accepted documents, the fiat currencies, and the available products. Do not use a VPN or provide false information to access restricted features.
Step 2: Identity Verification (KYC)
SwissBorg requires identity verification before you can use your account to its full extent. The process includes:
- A photograph of a valid document, such as an ID card or passport.
- A selfie or "proof of life" to confirm that the user matches the ID.
You can also provide your address, tax residence, occupation, purpose of the account, and source of funds. There are different account tiers, and the limits increase when you submit additional documentation.
Automated reviews can be completed quickly, but manual cases take longer. Since the MiCA migration, some users have had to update their tax information or accept the new terms and conditions from BlockNodes SAS.
Step 3: Link a bank account
SwissBorg allows you to deposit funds from a bank account held in the same name. Depending on the country, it supports:
- SEPA transfer for euros.
- Transfers in CHF, GBP, and other supported currencies.
- Debit card, Apple Pay, or Google Pay (subject to a fee).
Did you know? Bank deposits are free through SwissBorg, while card deposits may cost 2.25 % within the European Standard zone, with a minimum of 5 €.
Step 4: First deposit and first trade
Once the funds have been credited, you select the source asset, the destination asset, and the amount. The Smart Engine calculates the route and displays the estimated amount, exchange rate, and fee before you confirm.
The minimum transaction amount is €5. For your first purchase, it’s a good idea to check the total cost, the route used, and the expected cashback, without assuming that the best gross price automatically offsets a 0.99 % fee.
Summary of Requirements for Opening an Account with SwissBorg
- Be older than 18.
- Reside in one of the eligible countries.
- Have your own phone number and email address.
- Present a valid form of identification and complete the facial recognition process.
- Provide information regarding tax residency and financial data upon request.
- Use a bank account in the same name.
Important note: SwissBorg allows only one personal account per user and may require higher levels of verification to increase limits.
Available cryptocurrencies: more than 400 worldwide
SwissBorg allows users to buy, sell, and manage more than 400 tokens, according to information available in August 2026. These include BTC, ETH, SOL, XRP, BNB, AVAX, USDC, USDT, and BORG. It also supports approximately 11 to 16 fiat currencies, such as EUR, CHF, GBP, and USD, depending on the region.
The Smart Engine supports more than 76,000 crypto-fiat, crypto-crypto, and fiat-fiat pairs. It can create synthetic routes between assets even if the pair does not exist on any single platform and execute directly on-chain when that route is appropriate. The number of tokens available for trading does not necessarily match the number of tokens that support deposits, withdrawals, Earn, or Auto-Invest.
Alpha: New tokens with just one click
SwissBorg Alpha offers access to early-stage projects through Early Deals, presales, and Trading Vaults. Users can participate in selected opportunities through the app before or around the time they become available on the public market.
| Product | Focus |
|---|---|
| Alpha Early Deals | Access to tokens from early-stage projects |
| Alpha Trading Vaults | Managed strategies targeting specific opportunities |
| Crypto Bundles | Diversified and Rebalanced Thematic Portfolios |
| Managed Portfolios | Managed portfolios with a defined strategy |
| SwissBorg Earn | Return on supported cryptoassets |
| Auto-Invest | Automated recurring purchases |
Beyond the announced opportunity, it’s important to understand how it works in practice:
- Early-stage projects carry a higher risk than established assets.
- There may be lock-up periods, vesting periods, and periods of limited liquidity.
- The token's value may drop before the user can sell it.
- Each campaign has different requirements, commissions, and availability.
SwissBorg Earn: Earnings on Your Cryptocurrencies
SwissBorg Earn brings together yield strategies with varying levels of risk. Depending on the asset, funds may participate in staking, DeFi protocols, or other strategies managed by the platform.
The percentages change constantly, and the net return depends on your Loyalty Rank and the commissions on rewards.
The highlights of SwissBorg Earn:
- Strategies differentiated by risk and protocol.
- Rewards displayed within the app.
- Performance multipliers linked to Loyalty Rank.
- Reward fees of up to 50 % in Standard and 0 % starting at Platinum for certain strategies.
Auto-Invest (DCA): Automate Your Purchases
Auto-Invest allows you to schedule recurring trades at a set frequency. The minimum amount is €5, and the standard maximum per order is €120,000, although personal and regulatory limits may be lower.
The fee is 0.99 %, with cashback in BORG based on Loyalty Rank. Automation reduces the need to choose a specific entry point, but it does not eliminate market risk or guarantee a positive return.
Available order types
In addition to instant trading via Smart Engine, SwissBorg offers:
- Instant Exchange: Find a route between connected markets.
- Limit order: Executes when the asset reaches the specified price.
- Trigger Orders: Automate purchases or sales based on configured conditions.
- Auto-Invest: Executes recurring trades at a selected frequency.
SwissBorg vs. OKX
The most natural comparison is between SwissBorg and OKX. Both are MiCA-authorized and offer investment products, but their approaches are very different: SwissBorg operates as an aggregator and wealth management app; OKX maintains a trading-oriented exchange platform.
| Characteristic | SwissBorg | OKX |
|---|---|---|
| Foundation | 2017 | 2017 |
| European Regulation | MiCA via AMF, Authorization No. A2026-011 | MiCA via the MFSA starting in January 2025 |
| Initial commission | 0.99 % per exchange before cashback | 0.20 % maker / 0.35 % taker (standard EEE) |
| Discounts | Cashback at BORG Based on Loyalty Rank | By volume, assets, and VIP level |
| SEPA deposits | Yes, free through SwissBorg | Yes, standard and instant |
| Cryptocurrencies | More than 400 tokens | Approximately 350+, depending on the region |
| Security | Fireblocks MPC, Segregation, and Public Transparency of Funds | Monthly Reserve Test and MiCA Segregation |
| Unique Product | Smart Engine, Bundles, Alpha, and Portfolios | Bots, Advanced Trading, and Web3 Wallets |
| Platform | Mobile app and website | Web, app, desktop, and OKX Wallet |
| Ideal for | Simple Investing and Wealth Management | Active Trading and Professional Tools |
SwissBorg is more accessible for those who want to buy, automate, and diversify without using an order book. The Smart Engine and Bundles simplify execution and portfolio building.
OKX is clearly cheaper in terms of its standard fees and offers more trading tools. SwissBorg is a better fit for investors; OKX is better suited for users who trade frequently and want control over every order.
Apps and Platform: How Do You Use SwissBorg in Your Daily Life?
SwissBorg offers an app for iOS and Android and, starting in 2026, a web version. The user experience focuses on investing, the portfolio, the integrated exchange, Earn, Bundles, Alpha, and managing the new card.
The navigation is organized into several sections:
- Today: Overview, News, and Featured Opportunities.
- Portfolio: fiat balances, tokens, Earn, Bundles, and Alpha.
- Invest: Exchange, Auto-Invest, Bundles, Earn, and managed products.
- Card: balance, transactions, and card controls, where available.
The Web App allows you to review your portfolio, trade assets using Smart Engine, and view executed trades. The mobile app remains the primary experience and adds recovery features, notifications, and comprehensive account management.
In terms of execution, SwissBorg does not aim to replicate a professional trading platform. Limit orders and trigger orders provide greater control, but there are no futures, margin trading, advanced charts comparable to TradingView, or a trading API designed for heavy use.
Pros
Clean and consistent interface on mobile and the web
Smart Engine adds 40+ CEXs, DEXs, and FOREX platforms and displays the route
Earn, Bundles, Alpha, and Auto-Invest integrated
Passkeys, Secure Recovery, and Card
Cons
Fewer tools than a professional exchange
High 0.99 % fee for frequent trading
Too many benefits depend on blocking BORG
Some products are not available in all countries
Final Verdict: Is SwissBorg Worth It in 2026?
SwissBorg works particularly well for European investors looking for a simple, regulated app focused on wealth management. The French MiCA license, Smart Engine, more than 400 tokens, and products such as Earn, Bundles, Alpha, and Auto-Invest make up a unique offering.
That said, its standard fee of 0.99 % is high compared to exchanges with order books. The Loyalty Ranks model reduces costs through cashback, but requires users to purchase and lock up BORG, which adds exposure to another asset. Earn and Bundles also involve fees that should be reviewed separately.
All things considered, SwissBorg is a good option for buying, automating, and managing a portfolio from Spain, but not the best choice for active trading. Those who value ease of use, regulation, and managed products may find the cost justified; those who prioritize low fees should compare OKX, Bitvavo, or Finst.
This review is based on our actual experience using SwissBorg. We tested the platform by making deposits, purchases, sales, and withdrawals of cryptocurrencies, and we also evaluated its fees, security, and ease of use. The rating you see here reflects our hands-on experience, not just a first impression.
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