Transparency and security are key issues for crypto investors. Currently, there are over 250 online exchanges where cryptocurrencies and tokens are traded. However, not all of them are regulated and safe. Users are thus confronted with a difficult-to-understand and high-risk market. It is precisely this Wild West that honesto is normalizing by establishing the Swiss legal, regulatory and security standards.
As if the danger from unsafe exchanges, hacks and fraudsters were not enough: according to German insolvency law, cryptocurrencies even count as the debtor’s insolvency assets. This means: if you store your assets with the help of a crypto service provider (such as an exchange or a credit platform) and this goes bankrupt, your assets will pass into the assets of this service provider. Even if this calls for an urgent revision, the mills of the German bureaucracy grind very slowly.
However, honesto provides an immediate remedy. With the professional trading app, you benefit from the completely new legal, regulatory and security standard that Switzerland has created for the world of cryptocurrencies. Thus, the honesto Trading app is the first Swiss digital asset trading platform that provides the full protection of a Swiss bank. In this way, honesto offers maximum simplicity and security for beginners and advanced users.
Visit the official page of honesto and inform yourself about the different possibilities.
The honesto Trading app grants the protection of a Swiss bank
Thanks to the legal framework of Switzerland, your digital assets are safe even in the event of a bankruptcy of honesto and can never pass into an insolvency estate or the like. In this way, honesto brings the security and trustworthiness of the traditional financial world to the Wild West of cryptocurrencies.
The honesto Trading app gives you, with just one click, the best possible price from over 20 of the leading online exchanges. The Swiss bank InCore, with which honesto has been working together since 2020, is responsible for the custody of the coins and account management.
InCore Bank is one of the first established financial service providers in the world to have recognized the potential of digital assets such as cryptocurrencies and investment tokens. We are convinced that the Honesto app meets a great need and there is a corresponding demand in the market.
Mark Dambacher, CEO of InCore Bank AG
The cryptocurrencies are stored by InCore in the Swiss Alps. What is needed on the platform for trading is reinsured. Thanks to the bank’s custody of all digital assets, honesto normalizes the crypto market and establishes the Swiss legal, regulatory and security standard in the crypto world.