Tell me why IBKR is a bad decision. 
Cold wallet? Meh. Too much stress. Why bother? Because if they ban btc, you will still hold onto them? But you will need to report them in your tax statement, so how will you explain to the authorities where your btc went?
If you trust your broker with your stock, why can’t you trust it with your btc?
Because tradfi institutions freeze accounts of people they don’t like.
Only having your keys sets you free.
Relai and Kraken for on and offramp in CHF.
And max 5% IBIT on VIAC 3a.
IBKR is not a bad decision, but it has disadvantages (and advantages, of course). Last time I checked, you couldn’t buy bitcoins as a Swiss customer. And I’m not talking about an ETF, but crypto trading, which is possible with an IBKR partner. But maybe that has changed in the meantime? And then there are instruments such as Bitcoin ETFs. But the problem there is that they have ongoing fees (just like any ETF). You don’t have that if you store the coins yourself.
You enter how many Bitcoins you own. That’s it.
And if the authorities ask, you can prove all purchases and sales (regardless of whether you buy from Kraken, IBKR, Relai, etc. and regardless of where the bitcoins are currently stored).
The tax authorities can handle a lot of situations very well. You have the same “problem” if you own gold coins, paintings, cars, etc.. These also all belong in the securities register. The authorities are then only interested (if they ask) in things like sales and purchase confirmations and not in which room your Piccaso is currently hanging. I don’t see a problem there.
But yes, important: always declare Bitcoins in your taxes.
Ah, okay. In 2022 it was only possible with IBKR US (Swiss are with IBKR UK by default).
Well, it worked for me.
I think you misunderstood my point. If you self-custody your btc in case it became seized or outlawed, if you’ve declared it in your tax statement then it’s not a secret that you do hold it. So then if it becomes outlawed, how are you going to prevent them from seizing it? You will pretend you lost your wallet or forgot the password?
My logic is that if BTC was ever to be outlawed, it would start in other countries than Switzerland, so there would still be some time left to act. And if even Switzerland forbids ownership of BTC then I don’t see how BTC can function in a shadow economy.
maybe a noob question, but why Binance or Coinbase are not good options?
that’s where I have my very modest crypto portfolio.
Well, if you don’t trust the state then emigration is the better option than buying BTC. But I don’t think that was ever the topic of this thread. At least that’s not what I take from the OP’s question.
Edit: I read my post again: It sounds so negative, sorry if it comes across as offensive. It wasn’t intended that way. Sometimes I just wonder why this me vs. the state issue always comes up when it comes to Bitcoin. I find that strange. That was never the topic of the OP. Or is it?
I think it matters. If you self-custody, pick the cheapest exchange that is well-recognized and move your BTC to the cold storage asap. If you intend to hold the BTC with the exchange/broker, then it’s a different story.
Interesting ! I discovered Relai
BUT… they know how to attract (0% buying fees by DCAing), HOWEVER there is 1% when you sell, ans also additionnal network fees that they can’t estimate in advance…
I may prefer a Kraken where I can place stoploss orders with prices (buying and selling under 1%)
Am I forgetting something ?
Hello
I am unable to explain these fees on Kraken
Almost 1,5 % on a maker order (I thought it was like 0.2-0.4%)
You should go to Kraken Pro app (or find an exchange interface where you submit orders). That one is for marks.
Thank you ! Got it !
And if you want to save few bucks more, enter a limit order, so you get the maker fee instead of taker.
Swissborg hacked. 41M USD in SOL stolen. Customer will be refunded - this time. Well a reminder that even if you buy sh!tcoins, you should consider an off exchange storage for your keys.
More details:
https://www.theblock.co/post/369924/swissborg-crypto-platform-robbed-of-over-40-million-in-solana
Kraken has introduced a 0.1% fee for Bitcoin withdrawal over Lightning - in addition to 0.4% fee for buying BTC with CHF. They are clearly pushing their BTC token kBTC (kilobitcoin? 
), which is free to withdraw on many blockchains.
That’s enough.
Meanwhile Bitfinex has removed trading fees.
Now it should be:
Couldn’t you just post a limit order? Once someone buys that you only pay max. 0.25% maker fee.
I’m for limit order at 0.25% and onchain withdrawal for 0.000015 BTC (1.3 usd).
Today I received an email from Swissquote stating that transfers to Payward (Kraken) are not being processed:
Please note that we do not process payments to or from Payward Trading Ltd., in accordance with our internal compliance and payment processing policies.
I received the same message from Alpian when attempting to top up my Kraken account.
Smells fishy… Is there a regulatory change underway, or have I missed something?
