State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies

[troubled soul]

https://www.yuh.com/en

 

[Sols]

It's a joint venture between Postfinance and Swissquote. You can log in with your Swissquote or Postfinance account if you have one.

https://www.postfinance.ch/en/about...leases/postfinance-swissquote-launch-yuh.html

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This is the probably the answer to your question.

 

[troubled soul]

Sols said:
It's a joint venture between Postfinance and Swissquote. You can log in with your Swissquote or Postfinance account if you have one.

https://www.postfinance.ch/en/about...leases/postfinance-swissquote-launch-yuh.html
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Hey @Sols ,
What is your advice about,
Maximum amount One should have use for this service.
Like I have $5 million in Crypto and want to convert into fiat and invest in the stock market. Is it ok to use this service for a higher amount of crypto to fiat operation?
Maximum amount ??
What is your opinion?

Sorry in Advance for my English. Hope you get my point?

Thanks

 

[Sols]

They just launched it this week, so it's really difficult to comment on. It's backed by two licensed banks, one of which is state-owned, though, so they are probably financially solid.

Is it even possible to use it as an exchange? Looks to be more like an investment where you don't hold the coins directly, but I could be wrong.

Toggle signature
This is the probably the answer to your question.

 

[lacomaco]

Th

azb1 said:
Hey @Sols ,
What is your advice about,
Maximum amount One should have use for this service.
Like I have $5 million in Crypto and want to convert into fiat and invest in the stock market. Is it ok to use this service for a higher amount of crypto to fiat operation?
Maximum amount ??
What is your opinion?

Sorry in Advance for my English. Hope you get my point?

Thanks
Click to expand...

They are both big enough for your crypto/investments to be in a safe institution

 

[manukahoney]

Frankly, looks like a revolut/robinhood-like app with a clear focus on younger customers.
So not sure about your plan to onboard 5mil there.
Please, keep us updated if you decide to use them.

 

[Hegemon]

azb1 said:
Hey @Sols ,
What is your advice about,
Maximum amount One should have use for this service.
Like I have $5 million in Crypto and want to convert into fiat and invest in the stock market. Is it ok to use this service for a higher amount of crypto to fiat operation?
Maximum amount ??
What is your opinion?

Sorry in Advance for my English. Hope you get my point?

Thanks
Click to expand...

Talk to some lawyer in Switzerland, he'll help you prepare your documentation and accepted by a bank.
Don't go talk to them yourself if you don't know what you're doing, you might burn a few bridges by improper presentation.

They just need to see you comply with KYC regulations, a lawyer helps with sorting it out.

 

[troubled soul]

Hegemon said:
Talk to some lawyer in Switzerland, he'll help you prepare your documentation and accepted by a bank.
Don't go talk to them yourself if you don't know what you're doing, you might burn a few bridges by improper presentation.

They just need to see you comply with KYC regulations, a lawyer helps with sorting it out.
Click to expand...

Thanks for your input