How and Where to Buy SwissBorg (CHSB) – Detailed Guide
- What is CHSB?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade CHSB
- Last Step: Store CHSB securely in hardware wallets
- Other useful tools for trading CHSB
- Frequently Asked Questions
- Latest News for CHSB
- CHSB Price Prediction and Price Movement
What is CHSB?
What Is SwissBorg (CHSB)?
SwissBorg is democratising wealth management by making it fun, fair, and community-centric. Headquartered in Lausanne, Switzerland, SwissBorg has an international team of over 180 people and holds a Virtual Currency License, which allows them to provide virtual currency exchange and virtual currency wallets internationally.
The company's showcase product, the SwissBorg app, is empowering over 450,000 users to buy, sell and exchange digital assets, with features like AI-powered asset analysis and Portfolio Analytics to help them make smart investment decisions. Their best-in-class Smart Yield wallet gives users the opportunity to earn yields of up to 20% of USDC, along with increasing the benefits of our own token’s staking utility by offering Premium account holders up to 2X yield.
The SwissBorg token is the heart of the SwissBorg ecosystem, and was one of 2020’s top-performing tokens, skyrocketing by 2,700% and reaching the top 70 tokens on CoinMarketCap.
Their gamified Bitcoin prediction app, Crypto Challenge (formerly the Community App), now has over 300,000 players, helping the cryptosphere reach its goal of mass adoption by providing our players with a free and zero-risk way to learn about the crypto market.
SwissBorg believes that blockchain technology can empower everyone to control their wealth, and that this is the next step towards a world of decentralised nations, where every individual is welcome and is fairly rewarded for their contributions.
Who Are the Founders of SwissBorg?
Cyrus Fazel is one of the co-founders and current CEO at SwissBorg. He graduated in international business management from the EDHEC Business School in 2007. His professional career started as a portfolio advisor at Julius Baer in 2007. Later on, Fazel became a hedge fund advisor for Aramis Capital. In 2016, his interest in personal finance took a new form, and he helped found SwissBorg.
Anthony Lesoismier-Geniaux is the other co-founder and CTO of SwissBorg. He graduated in finance from Polytech Nice Sophia in 2008 and immediately started working in the field. At first, he was a fund manager assistant and later became head of digital advisory at JFD Wealth. In 2016 he partnered up with Cyrus Fazel and co-founded SwissBorg.
What is the SwissBorg (CHSB) token?
CHSB is a multi-utility Ethereum token (ERC-20) token, and is the heart of the SwissBorg ecosystem. CHSB offers the following utilities:
- Yielding: The CHSB Yield Program revolutionises earning on your crypto by linking the yield paid to the performance of the SwissBorg ecosystem, as measured by the SwissBorg Community Index.
- Protect & Burn Mechanism: 20% of the revenues made on fees in the SwissBorg app are dedicated to protecting the price of the CHSB token. When the price moves into a bearish zone, SwissBorg automatically places buy orders. All purchased CHSBs are then burned in a transparent manner.
- Premium Membership: Users can lock CHSB tokens to get exclusive Premium benefits. The Genesis Premium account gives users exchanges on BTC, CHSB and stablecoins for 0% fees, as well as doubling the yield earnt on Smart Yield accounts on USDC, CHSB, ETH, BTC, BNB, USDT and XRP. The Community Premium account includes 0.75% fees on all exchanges, as well as a 1.5X yield multiplier.
- Exclusive Access: Get access to future exclusive wealth management products in the app
- Community Rewards: Users can earn CHSB rewards by participating in the SwissBorg DAO.
- SwissBorg National Council: In 2021, SwissBorg launched a National Council where token holders can participate in the future of SwissBorg through a decentralised governance mechanism.
What Makes SwissBorg Unique?
According to SwissBorg founders, the current banking system is obsolete, and their project is a response to this problem. By introducing blockchain technology to personal finance, SwissBorg aims to give individuals complete control over their portfolios and investments.
The central values of the company include transparency, equality through meritocracy, and impartiality. The SwissBorg platform depends heavily on blockchain decentralization to ensure that personal data is protected and users can control their funds without restrictions.
The SwissBorg team boasts inclusivity and has members all over the world. The mobile app is one of the top cryptocurrency apps in app stores and has attracted more than 450,000 verified active users globally.
Related Pages:
Read more about Komodo.
Find out more about Aave.
Learn more about smart contracts.
Have a look at the CoinMarketCap blog.
How Many SwissBorg (CHSB) Coins Are There in Circulation?
During the initial coin offering (ICO), SwissBorg minted the maximum supply of 1,000,000,000 CHSB tokens. All of these tokens have been released, which means that the total circulation of SwissBorg tokens is also 1,000,000,000.
About 38% of all CHBS tokens were allocated to community sales to the public. Another 20% of the tokens were distributed among team members as rewards for creating the platform. Close to 10% of the total supply was directed towards strategic investors, while another 15% was dedicated to the second round of funding for the project. Finally, SwissBorg distributed close to 14% of all CHBS tokens to experienced investors, who had already stated interest in the project.
According to the SwissBorg website's (CHSB overview]) page, there are now fewer than 200,000,000 CHSB left in circulating supply, with the majority being locked by app users for Premium benefits, or in yield-earning wallets.
How Is the SwissBorg Network Secured?
SwissBorg and the CHSB tokens are Ethereum-based. As an ERC-20 token, CHSB will be secured by the proof-of-stake (PoS) consensus, as Ethereum itself transitions to it.
Unlike the proof-of-work (PoW) consensus employed by Bitcoin, PoS relies on majority holders to mine new tokens. This consensus method is significantly more versatile compared to PoW, as it introduces the process of staking to the blockchain layer.
In addition, PoS is becoming more popular among developers and users alike because it is more energy conscious. While PoW requires a lot of computing power for mining, PoS relies on static coin holdings and gives more mining power to users with a more significant stake.
Where Can You Buy SwissBorg (CHSB)?
SwissBorg can be traded at a number of popular exchanges, including:
- HitBTC
- UniSwap (V2)
- KuCoin
- Bilaxy
Read more about buying crypto.
CHSB was first tradable on 2nd Feb, 2018. It has a total supply of 1,000,000,000. As of right now CHSB has a market capitalization of USD $259,429,507.18. The current price of CHSB is $0.259 and is ranked 226 on Coinmarketcap and has recently surged 30.48 percent at the time of writing.
CHSB has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CHSB.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since CHSB is an altcoin we need to transfer our BTC to an exchange that CHSB can be traded. Below is a list of exchanges that offers to trade CHSB in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase CHSB from the exchange view.
Last Step: Store CHSB securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your CHSB for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy CHSB with cash?
There is no direct way to buy CHSB with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy CHSB in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy CHSB or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Read more on SwissBorg's fundamentals and current price here.