Crypto offering LUKB

Just found this offering by Luzerner Kantonalbank. Not too bad actually, wdyt?

Handelsmarge pro Transaktion:

  • bis CHF 10’000: 1.80%
  • ab CHF 10’001 bis 50’000: 1.55%
  • ab CHF 50’001 bis 100’000: 1.25%
  • ab CHF 100’001 bis 450’000: 1.00%
  • ab CHF 450’001: auf Anfrage

Storing: 0.6%pa

Sie können Kryptowährungen gegen CHF oder nach Bedarf gegen sämtliche verfügbaren Währungen handeln

Übertragen Sie Ihre Kryptowährungen einfach und sicher von und zur LUKB.

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Not sure if srs. Let me give you an example with Relai:

Up to CHF 100, as monthly standing order: 0%

Up to CHF 100’000: 0.9%

Over CHF 100’000: 0.8%

Over CHF 250’000: 0.7%

Over CHF 500’000: 0.6%

Over CHF 50 Mio.: 0.2%

Storing: 0% p.a.

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And on actual exchanges, you pay a third of even that. With huge liquidity, most coins that have any relevance at all, and many, many features (send/receive, stake, margin, etc.).

Why can’t Swiss banks offer at least somewhat competitive products?

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Please always remember

“Not your keys, not your coins”

I somehow don’t think that people who ponder going through a bank to hold crypto really care at all about the difference between direct ownership of a crypto asset and the handling of fiat currencies by governments and the heavily regulated banks.

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Meh, we trust brokers for other assets as well. If a crypto broker was a single point of failure for a large part of my assets that would change the picture. 5% does not. Transaction costs, chance of messing up, and general maintenance when holding multiple crypto assets seems disproportionate.

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Well there is clearly a big difference of brokers vs. crypto exchanges. One of them is that (conventional) brokers are far more regulated & conservative than crypto exchanges.
Like I have never even heard of the CEO of IBKR, while many crypto exchanges have, lets say, ‘more interesting’ CEOs :laughing:

But yeah, LUKB would not be one of these ‘interesting’ cases & one of the reasons would be that crypto is not their core business (yet? :smiling_face_with_tear:).

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