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Review on SwissBorg by Emilien LE FOURNIS
Good app, good spirit
Swissborg has a simple mobile application to buy and sell cryptos. It is community-centric and the cummunity is well invested. We can easily save money thanks to the Smart Engine which allows to buy at lowest and sell at highest by comparing the prices on main exchanges and defining the best path to do the action sometimes by doing the change to intermediate several fiat or crypto. I have the feeling that it almost cover fees due to the volatile market of crypto assets. With the yield farming, the platform becomes more complete and efficient. It is the only platform that allows to buy bitcoin without fees if you hold their token CHSB. Thanks to the Protect & Burn mechanism, in case of "crash" of the price, a part of the reserve done by fee is burnt to support the price. Holding the CHSB token allows advantages in all parts of the app: no fee or 50% on changes, double yield for farming, voting system. The list of tokens is still limited and the farming is only on USDC for the moment. It should continue to evolve. The list of fiat allowed to buy crypto is very long and for most of them, the fees are very low or even 0. It's possible to do a SEPA transfer which is very fast (same day when opening day) and it's free. I'm very fan of it and it replaced my coinbase account. Every week, the CEO is doing a Pow Wow video to explain achievements and coming things with a bery positive mood.
Pros
- Easy to use
- Best price to sell and buy
Cons
- Limited amount of crypto
