Forget CRYPTO.COM they are overrated, BINANCE they taking too much fees, in my experience. Atomic Wallet? Well diversified but simplex taking 5% for buying crypto. I?d like to introduce you to a pearl, a fresh born baby, a rising star in wealth management with near to zero fees and give you a user Guide how this app work.
The Swissborg Wealth App
Source: https://swissborg.com/products/wealth-app
The SwissBorg Wealth App (iOS, Android) is available for iOS and Android. The App have a really smooth design and is intuitive to use. I use it for about 3 weeks now and had made my first investment starting with just 20 € to test the app. But i think i am gonna top up next month. As a Non-Premium User i have to pay fees which is about 2% on buying and selling crypto. However, as a Premium User you just paying fees for ethereum and withdrawals (Fig. 1).
Fig. 1: SwissBorg?s fee catalogue.
Source: https://swissborg.com/legal/wealth-app-fees
With this fee catalogue SwissBorg sets new standards in the crypto world. But how does the App look like?
Here we start
The app opens very fast (Fig. 2).
Fig. 2: Starting the App
After verifying via Passcode or Touch ID you get to the main menu “CURRENT BALANCE” (s. Fig.3 upper row center). From there i have different options (s. Figure).
The Profile Section allows you to adjust the most important features such as security and account level. The account level determines how much you are eligible to invest. There are 3 Account levels. I already passed Level 1 which is a verifcation via E-mail. Level 2 is a verifcation via Photo ID and Address, Level 3 is a verification via paycheck (Fig. 4). For your safety finish the backup phrase for recovery. What I’m missing is a 2FA Authorisation for withdrawals. This would allow In the unlikely case that your account get hacked that your coins can’t be transferred.
Fig. 3: Main Menu and follow ups. Green lines shows the following window after tap.
Fig. 4: Account Level. There are 3 different account levels. The levels determines how much an user can deposit and withdraw.
Today Swissborg supports BTC, ETH, USDC, PAXG, CHSB. The next token will be the Enjin token which is a promising project.
After tapping on the SwissBorg Icon you get to the CHSB Account Statement.
Functions of the Cryptocurrency Account Statement
From the Crypto Account Statement you have further options (Fig. 5).
Fig. 5: Functions of the Cryptocurrency Account Statement
The Market place
The Marketplace is the heart of the Swissborg App. From here the user has access to the Chart Analysis, CyBorg Predictor and many more (Fig. 6).
Fig. 6: The market place. The core of the Swissborg App.
Beside all the good features, Swissborg need to implement the following features to hold their promise to“put the wealth back in our hand”
- Price Alarm ??
- Stopp/Loss Function
- 2FA Authenticator
However the App is a good all-in-One app:
Wallet, Exchange, Learning Center are well done. A big plus is the hourly updated Technical Analysis of Charts and the CyBorg Predictor giving the user the full control over their investment decisions.
Assessment
Design: 5/5
Usability: 4/5 No stop/loss
Security: 4/5 No 2FA Authenticator
Costs: 5/5 (Good Price to effort ratio)
transparency: 5/5
TOTAL: ??????? (4.6)
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