How is cryptocurrency taxed in Switzerland for private investors?

For Swiss private investors, cryptocurrency gains are generally tax-free — the same no-CGT rule that applies to shares also applies to crypto. Buying Bitcoin, holding it, and selling at a profit is not taxable income if you are classified as a private investor rather than a professional trader.

However, crypto holdings are subject to wealth tax. You must declare your crypto balances at year-end market value on your tax return. The FTA publishes year-end exchange rates for major cryptocurrencies. Smaller or illiquid coins should be valued at their market price on December 31.

Crypto received as income — mining rewards, staking income, salary paid in crypto, or airdrops — is taxed as ordinary income at the market value when received. DeFi yields and lending income are treated the same way. If you are reclassified as a professional trader (high frequency, leverage, short holding periods), all gains become ordinary income.

This is general information only, not professional tax advice. Consult a qualified tax professional for your specific situation.