Founded in 2013, Bitcoin Suisse is a Swiss-based financial services provider specializing in crypto assets.
Staking Service Details:
Supported Assets: Bitcoin Suisse provides staking for a wide selection of major Proof-of-Stake assets, including Ethereum (ETH), Polkadot (DOT), Cardano (ADA), Kusama (KSM), Tezos (XTZ), NEAR Protocol (NEAR), Polygon (MATIC), Celestia (TIA), Moonbeam (GLMR), and Cosmos (ATOM). Additionally, it offers Liquid Staked ETH (LsETH) through integration with the Liquid Collective protocol. Governance voting support is also offered for assets like Centrifuge (CFG), DOT, GLMR, KILT Protocol (KILT), and KSM held in custody.
Staking Yields (APY): Yield rate examples cited include ETH at approximately 3.24%, KSM at 16.41%, and XTZ at 5.67%, based on recent monthly averages.
Conditions & Features:
Integration: Bitcoin Suisse offers an “all-in-one” integrated staking service managed through the Bitcoin Suisse Online Account platform. During staking, assets are held securely on separated blockchain addresses within their custody infrastructure.
Minimums: Minimum investment amounts are required and vary by asset. Examples include: ETH staking requires multiples of 32 ETH ; NEAR requires a minimum equivalent to CHF 10,000 ; TIA requires CHF 5,000 equivalent ; Liquid Staked ETH (LsETH) requires CHF 25,000 equivalent.
Lock-up/Unbonding: Lock-up and unbonding periods are determined by the specific protocol of the staked asset. Examples provided: ETH exits are subject to a network queue that can last up to several weeks ; KSM has a 7-day lockup ; TIA has a 21-day lockup ; NEAR has an approximately 2-day lockup (4 epochs) ; Tezos has no lockup period (0 days). Liquid staking via LsETH offers immediate liquidity through the tradable receipt token.
Fees: Specific staking fees are not detailed, however, the Liquid Collective protocol used for LsETH imposes a 15% fee on generated rewards, which is distributed among various participants. Bitcoin Suisse’s standard custody fees range from 0.3% to 0.6% per annum.
Security: Staked assets remain safeguarded within Bitcoin Suisse’s custody solution. The company highlights its long experience, having offered staking since 2018. The Liquid Staking service utilizes the Liquid Collective protocol, which involves established infrastructure providers like Coinbase Cloud, Figment, and Kiln.
