Last update: Jun 16, 2022

How to Buy Crypto with UBS

As mentioned above, just like most banks, UBS doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency exchange is quite complex and comes with regulations and extra requirements for the banks.

Luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.

How to buy crypto or bitcoin with UBS

There are only 4 steps involved, let’s get started!

1. Choose a crypto exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.

Let’s get started!

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy cryptocurrency

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with UBS.

Buy Crypto with eToro

 

 

About UBS

UBS Group AG, a multi-national investment bank and financial service company, was founded in Switzerland. It is co-headquartered in Basel and Zurich, and has a presence at all major financial centers. UBS Group AG is the largest Swiss bank institution and largest private bank in the country. UBS client services is known for its strict confidentiality and banking secrecy culture. The Financial Stability Board considers UBS a bank of global importance due to its large positions in the Americas and EMEA markets.

UBS was established in 1862 by the Bank of Winterthur. This was just as the Swiss banking industry began to develop. The Swiss Bank Corporation (SBC), a private banking consortium, was established in the 1890s. It was aided by Switzerland’s international neutrality. The Bank of Winterthur and Toggenburger Bank merged in 1912 to create the Union Bank of Switzerland (UBS). This bank grew quickly after the 1934 Banking Law codified Swiss banking secrecy. After decades of competition between the Union Bank of Switzerland (SBC) and the Swiss Bank Corporation, the two companies merged in 1998 to form a single company called "UBS". UBS is not the acronym for Union Bank of Switzerland. It was actually one of more than 370 financial institutions that, since 1862 have been part of UBS. UBS suffered heavy losses in 2008 due to the financial crisis. It had an asset recovery program and was then hit by the 2011 Rogue Trader Scandal, which resulted in a trading loss of US$2 Billion. The bank focused its 2012 efforts on wealth management advisory services, and reduced its sell-side operations.

UBS offers wealth management, asset management and investment banking services to private, corporate and institutional clients. UBS is the global leader in private wealth management, with approximately half the world's billionaires as clients. UBS is a global investment bank that maintains its sell-side operations. UBS also has underground vaults, bunkers and storage facilities for gold bars throughout the Swiss Alps as well as internationally. It has been the subject of many tax avoidance investigations by U.S. authorities, French, German and Israeli. This is partly due to its banking secrecy. The 2018 Financial Secrecy Index ranked UBS operations in Switzerland first and UBS operations abroad second.

UBS, with a market capitalization in excess of $61 billion, is Europe's third largest bank. The Financial Stability Board considers it a bank that is systematically important. It is also one of nine "Bulge Bracket", global banks. It manages more than CHF3.2 trillion in assets (AUM), of which approximately CHF2.8 trillion are invested assets. Its return on invested capital was 11.1% in June 2017. Goldman Sachs had 9.35% and JPMorgan Chase 9.456%. UBS opened a London blockchain technology lab in late 2016 to enhance its cyber security and protect client transactions. UBS is a "biggest and most powerful financial institution in the world" based on its regional deal flow and political power. UBS's reputation for discretion, capital strength and security protocols have earned it a significant market share in banking. It is also criticised for its facilitation of tax noncompliance as well as off-shore funding. UBS is the primary dealer and Forex counterpart of the U.S. Federal Reserve.

UBS Investment Bank offers services in securities, other financial products and research in equities and rates, credit, foreign currency, precious metals, derivatives, and other areas. UBS Investment Bank had 5,205 employees as of December 2018. It is present in 33 countries with principal offices in Chicago and Hong Kong, London. New York, Shanghai. Singapore. Tokyo. This business division provides capital market access for private investors, corporate clients, government, financial intermediaries, alternative asset manager, and governments. Before the merger of the Union Bank of Switzerland (SBC) and the Swiss Bank Corporation, UBS Investment Bank was known as UBS Warburg or Warburg Dillon Read. The Investment Banking Department (IBD), which is part of UBS Investment Bank, provides a variety of advisory and underwriting services, including mergers and acquisitions.

The Sales & Trading division includes equities (brokering, trading, market-making and engaging in proprietary trade in equities, stock-related products, and equity derivatives and structured products), and FX, Rates and Credit, (brokering, trading, market-making and engaging in proprietary traders in interest rate products, credit product, mortgage-backed securities, leveraged loan, high-yield and investment grade debt, currencies, structured and derivative products, and market making). The trading floor is now 9,600 square metres (103,000 sq. ft) and has arched ceilings measuring 12 m (40 ft). Every trading day, more than US$1 trillion worth of assets is traded here. UBS announced in June 2011 that it was planning to move its North American headquarters to New York City. The bank was also looking for office space in Midtown and the rebuilt World Trade Center.

UBS's biggest competitors in this division include fellow members of Bulge Bracket such as Goldman Sachs and JPMorgan Chase. The American division offers its own credit card, which is not sponsored by any other bank like many of its rivals.

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