Swissquote Card
Swissquote Debit Mastercard is a crypto-enabled debit card for users seeking to manage both digital and traditional currencies through regulated Swiss banking infrastructure. Available in three tiers—Light (virtual), Bright (physical + virtual), and Elite (metal + virtual)—the card allows holders to spend from fiat or 52 supported cryptocurrencies, converting only the amount needed for each transaction. The card supports 13 fiat currencies under a single IBAN and is accessible to residents in select European and global regions, with features tailored for various customer needs.
- Type: Mastercard debit (virtual, physical, metal tiers)
- Key Feature: Built-in crypto conversion for seamless spending without full liquidation
- Availability: Select countries in Europe, Asia, and the Middle East; major markets like USA, UK, and Germany are excluded
- Standout Benefit: Multi-currency banking and crypto access with Swiss regulatory oversight
- Biggest Downside: Not available in many major jurisdictions; higher tiers have monthly fees
Card Tiers
Detailed Summary
Swissquote Debit Mastercard: Multi-Currency Banking Solution for Fiat and Crypto Assets
Quick Summary
Key Features
- Available in three tiers: Light (virtual), Bright (physical/virtual), and Elite (metal/virtual)
- Supports 52 cryptocurrencies and 13 fiat currencies under a single IBAN
- Converts only the necessary crypto amount for each transaction
- Offers trading credits of up to 1% for crypto payments
- Regulated by the Swiss Financial Market Supervisory Authority (FINMA)
Main Advantages
- Free transactions in all currencies across all tiers
- Higher trading credits (cashback) for crypto payments than regular payments
- Multi-currency support with a single IBAN
- Elite tier includes travel insurance, concierge service, and 0% currency exchange up to CHF 5,000/month
- Mobile wallet integration with Apple Pay, Google Pay, Samsung Pay, and TWINT
Notable Limitations
- Not available in major markets including USA, UK, Germany, and Canada
- Higher tiers require monthly fees (Bright: CHF 6.90/month, Elite: CHF 39/month)
- Elite tier requires minimum CHF 100,000 in total assets
- Light tier has lower spending limits (CHF/EUR/USD 10,000 monthly)
- Some user reports of security concerns with card compromises
Table of Contents
Basic Information
| Specification | Details |
|---|---|
| Card Name | Swissquote Debit Mastercard |
| Card Network | Mastercard |
| Card Type | Debit |
| Card Issuer | Swissquote |
| Card Format | Physical and/or virtual (depending on tier) |
| Mobile Wallet Integrations | Apple Pay, Google Pay, Samsung Pay, TWINT |
| Payment System Integrations | eBill |
Swissquote Debit Mastercard offers a comprehensive banking solution that bridges traditional banking with cryptocurrency functionality. Built on Swiss banking infrastructure, these cards enable users to make payments using their cryptocurrency holdings without liquidating their entire investment positions, as Swissquote converts only the necessary amount of crypto to cover each transaction.
Rewards and Benefits
Trading Credit Structure
The Swissquote Debit Mastercard offers trading credits instead of traditional cashback, which varies by tier and transaction type:
| Card Tier | Trading Credit (Regular Payments) | Trading Credit (Crypto Payments) |
|---|---|---|
| Light | 0.25% | 0.5% |
| Bright | 0.5% | 1% |
| Elite | 0.5% | 1% |
Elite Tier Benefits
The Elite tier offers additional exclusive benefits:
- 0.5% Cashback in Gold for all card payments (capped at CHF 25/month)
- 0% currency exchange fee up to CHF 5,000/month (0.25% beyond that)
- Five free ATM withdrawals worldwide
- Travel insurance and medical assistance
- 24/7 concierge service
Fees and Limits
Card Fees
| Fee Type | Light | Bright | Elite |
|---|---|---|---|
| Monthly Fee | Free | CHF 6.90 (first 6 months free) | CHF 39 |
| Card Replacement | Not specified | CHF 5 | CHF 50 |
| Early Cancellation | Not specified | Not specified | Two months' fees (if within first 6 months) |
Transaction Fees
| Fee Type | Light | Bright | Elite |
|---|---|---|---|
| Regular Transactions | Free | Free | Free |
| Currency Conversion | 0.95% | 0.95% | 0% up to CHF 5,000/month, 0.25% beyond |
| ATM Withdrawals (Switzerland) | CHF 1.9 per withdrawal | 5 free withdrawals/month, then CHF 1.9 | 5 free withdrawals worldwide |
| ATM Withdrawals (International) | CHF 4.9 per withdrawal | CHF 4.9 per withdrawal | Included in 5 free withdrawals |
Spending and Withdrawal Limits
| Limit Type | Light | Bright | Elite |
|---|---|---|---|
| Monthly Payment Limit | CHF/EUR/USD 10,000 | CHF/EUR/USD 25,000 | CHF/EUR/USD 50,000 |
| Monthly ATM Limit | CHF/EUR/USD 5,000 | CHF/EUR/USD 10,000 | CHF/EUR/USD 10,000 |
| Daily ATM Limit | CHF/EUR/USD 1,000 | CHF/EUR/USD 2,000 | CHF/EUR/USD 5,000 |
| Contactless without PIN Limit | CHF 80 | CHF 80 | CHF 80 |
| Offline Contactless Monthly Limit | CHF 150 | CHF 150 | CHF 150 |
| Offline Contact Monthly Limit | CHF 250 | CHF 250 | CHF 500 |
Card Tiers and Options
| Feature | Light | Bright | Elite | Silver Prepaid |
|---|---|---|---|---|
| Monthly Fee | Free | CHF 6.90 (first 6 months free) | CHF 39 | Not specified (1% top-up fee) |
| Card Format | Virtual only | Physical and virtual | Metal physical and virtual | Not specified |
| Requirements | None specified | None specified | Minimum CHF 100,000 in total assets | Requires forex/brokerage account |
| Trading Credit (Regular) | 0.25% | 0.5% | 0.5% | Not specified |
| Trading Credit (Crypto) | 0.5% | 1% | 1% | Not specified |
| Currency Options | 13 currencies | 13 currencies | 13 currencies | Single currency (CHF, USD, or EUR) |
| Monthly Payment Limit | CHF/EUR/USD 10,000 | CHF/EUR/USD 25,000 | CHF/EUR/USD 50,000 | CHF/EUR/USD 30,000 (30-day period) |
| Special Benefits | Free transactions in all currencies | Free domestic and SEPA payments, 5 free ATM withdrawals in Switzerland | 0% currency exchange up to CHF 5,000/month, 5 free ATM withdrawals worldwide, travel insurance, concierge service | Maximum 10 withdrawals or CHF/EUR/USD 1,000 per week at ATMs |
All tiers support crypto payments with automated conversion and can be integrated with major mobile wallets including Apple Pay, Google Pay, Samsung Pay, and TWINT.
Top-Up Methods
Swissquote Debit Mastercard does not require traditional pre-loading or manual top-up of the card balance. Instead, when a payment is made, the platform automatically converts only the required amount of any of the 52 supported cryptocurrencies into one of 13 fiat currencies to fund the purchase. Users must hold crypto or fiat within their Swissquote account, and funds are drawn directly—meaning there is no need to transfer assets from a self-custody wallet to the card provider or to maintain a separate pre-loaded balance. A 0.95% currency conversion fee applies to crypto-to-fiat transactions (0% up to CHF 5,000/month for Elite tier, then 0.25%), and funds are available instantly at the point of sale, with monthly spending limits varying by tier (e.g., CHF/EUR/USD 10,000 for Light). All top-up and conversion operations are managed via the Swissquote mobile or web app, and custody of assets remains with Swissquote until the transaction occurs.
Self-Custody Custodial
Swissquote Debit Mastercard uses a custodial model where users' cryptocurrencies and fiat assets are managed by Swissquote within their platform accounts. To spend crypto, users must deposit their assets into a Swissquote account, and the necessary amount is converted to fiat at the time of transaction. Users interact with their funds through Swissquote’s app and services, enjoying features like multi-currency accounts and trading credits, but do not control the private keys of their deposited cryptocurrencies. This setup provides convenience and integration with traditional banking, but users lose independent access to their assets and are reliant on Swissquote’s continued operations. If the provider ceased operations, users’ ability to access their crypto and fiat balances would be determined by the platform's policies and local regulations. The model offers seamless banking and security under Swiss regulation, but at the cost of true self-custody and direct control over crypto assets.
Supported Currencies and Conversion
Cryptocurrencies
The Swissquote Debit Mastercard supports 52 cryptocurrencies, including:
Bitcoin (BTC), Ethereum (ETH), Tezos (XTZ), Polkadot (DOT), Ripple (XRP), Cardano (ADA), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), Polygon (POL), Solana (SOL), Avalanche (AVAX), Bonk (BONK), dogwifhat (WIF), OFFICIAL TRUMP (TRUMP), Official Melania Meme (MELANIA), Dogecoin (DOGE), Internet Computer (ICP), Near Protocol (NEAR), Compound (COMP), Chainlink (LINK), Uniswap (UNI), USD Coin (USDC), Apecoin (APE), Aave (AAVE), The Sandbox (SAND), Decentraland (MANA), Chiliz (CHZ), USD Tether (USDT), Axie Infinity (AXS), Enjin (ENJ), Gala V2 (GALA), The Graph (GRT), Immutable X (IMX), Lido DAO (LDO), Maker (MKR), Audius (AUDIO), Bancor (BNT), 0x (ZRX), Euro Coin (EURC), Ethereum Name Service (ENS), Ondo (ONDO), Shiba Inu (SHIB), Pepe (PEPE), and FLOKI (FLOKI).
Fiat Currencies
The card supports 13 fiat currencies under a single IBAN:
Swiss Franc (CHF), US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), Canadian Dollar (CAD), Swedish Krona (SEK), Hong Kong Dollar (HKD), Norwegian Krone (NOK), Danish Krone (DKK), United Arab Emirates Dirham (AED), and Singapore Dollar (SGD).
Conversion Process
For cryptocurrency payments, Swissquote converts only the necessary amount of the user's crypto assets to their preferred currency for purchases, preserving the remaining crypto investment. This allows users to spend from their crypto holdings without fully liquidating positions.
Geographic Availability
Available Regions
Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
Asia: Singapore, Hong Kong
Middle East: United Arab Emirates (Dubai)
Other: Malta, Cyprus, Romania, Bucharest
Restricted Regions
The card is not authorized in several major jurisdictions, including:
- United States
- Canada
- United Kingdom
- Germany
- Italy
- France
- Russian Federation
- Japan
- Turkey
Additionally, the card is restricted in high-risk countries including Afghanistan, Belarus, Cuba, Iran, Iraq, North Korea, Russia, Syria, Ukraine, Venezuela, and numerous other restricted territories.
Compliance and Security
Swissquote is regulated by the Swiss Financial Market Supervisory Authority (FINMA), providing a strong regulatory framework for the card's operations.
Security Features
- Level 3 two-factor authentication login
- Unique Mobile Level 3 code delivered to the user's smartphone for each login
- Standard Mastercard security protections
Some users have reported instances of card compromise leading to unauthorized transactions, though these appear to be isolated incidents rather than systematic security flaws.
Technical Details
The Swissquote Debit Mastercard operates on the Mastercard network and is fully integrated with several digital wallet solutions:
- Apple Pay
- Google Pay
- Samsung Pay
- TWINT (Swiss payment app)
The card also supports eBill integration for simplified bill payments and management.
User Experience
The Swissquote mobile app is available for both iOS and Android devices, with an interface organized into four main sections:
- HOME: Overview of financial portfolio
- TRADE: Market insights and analysis tools
- BANK: Day-to-day finances, payments, card management
- PLAN: Long-term wealth strategies
Customer Support
Swissquote provides dedicated support through their Customer Care Center:
- Light and Bright tiers: +41 44 825 88 84
- Elite tier: +41 44 825 88 81
- Available Monday to Friday, 8:00 am to 10:00 pm (CET)
User feedback has been mixed, with some praising the flexibility for maintaining Swiss banking services without residency requirements, while others have reported disappointing experiences compared to other banking services.
Best Suited For
- European crypto investors who want to spend from their crypto holdings without fully liquidating positions
- Multi-currency travelers who need access to 13 different fiat currencies under a single account
- High-net-worth individuals who can meet the Elite tier's CHF 100,000 asset requirement and benefit from its premium features
- International professionals seeking a Swiss-regulated banking solution with both crypto and traditional banking capabilities
- Digital-first users who prefer the Light tier's virtual-only, no-fee approach for basic crypto and multi-currency functionality
Pros and Cons
Pros
- Seamless integration of traditional banking and cryptocurrency functionality
- Swiss banking infrastructure with FINMA regulation provides strong security foundation
- Multi-currency support with 13 fiat currencies under a single IBAN
- Higher rewards for crypto payments (up to 1% trading credit)
- Free transactions in all currencies across all card tiers
Cons
- Not available in major markets including the USA, UK, Canada, and others
- Monthly fees for Bright (CHF 6.90) and Elite (CHF 39) tiers
- Elite tier requires minimum CHF 100,000 in total assets
- Limited ATM withdrawal benefits for Light tier users
- Some user reports of security issues with cards being compromised
Conclusion
The Swissquote Debit Mastercard offers a compelling solution for users seeking to bridge traditional finance and cryptocurrency in a Swiss-regulated environment. Its tiered approach accommodates different user needs, from the free virtual Light card to the premium metal Elite card with enhanced benefits.
What sets this card apart is its unique combination of multi-currency support (both fiat and crypto) with Swiss banking infrastructure. The ability to spend from crypto holdings without fully liquidating positions addresses a key pain point for cryptocurrency investors who want to use their assets for everyday spending.
However, the card's limited geographic availability excludes users in many major markets, and the monthly fees for higher tiers may not justify the benefits for all users. The ideal customer is one who values Swiss banking security, requires multi-currency functionality, actively uses cryptocurrencies, and resides in a supported jurisdiction.
For those eligible users, the Swissquote Debit Mastercard represents one of the more comprehensive banking solutions available for managing both traditional and crypto assets through a single platform.
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