Bity profile: Swiss private-desk execution, settlement and gold tokens

Bity’s Swiss private desk buys, sells and exchanges Bitcoin, Ethereum and stablecoins through a manual, customer-instructed process. The March 2026 service description presents execution and operational support, with no personalised investment advice. It is not a self-service order book.[2]

The minimum is not consistently expressed. The homepage says CHF100,000 per trade or CHF250,000 per year.[1]

The newer instruction guide requires transactions over CHF100,000. The exact CHF100,000 boundary and annual-volume alternative therefore need desk confirmation.[4]

That guide specifies execution at market; it does not promise limit-order execution.[4]

The February 2026 terms allow specific instructions, but execution is on a best-efforts basis. Receipt is not acceptance, and Bity need not supply liquidity or act as direct counterparty.[15]

At an agreed 2.5%, a CHF200,000 transaction implies CHF5,000 in service commission before additional external costs. This is an illustration, not an executable quote.[3]

Gold-token pricing is described as the LBMA spot reference plus production and other expenses, including storage, inspection and transport. Consequently, a separate purchase commission is not the complete difference between a token’s acquisition price and its underlying metal value. The product page’s broad cost claims should be read with the specific quotation and transaction documents.[17]

The older purchase FAQ’s 1% remains a dated published figure. It should not be silently replaced by the private desk’s 2.5% ceiling, nor does its presence prove that a new order is available on identical terms. Obtain the price and product-specific commission together.[18]

Execution follows review and receipt of funds; inconsistent settlement details can trigger further checks.[4]

If an order remains unexecuted after 60 days, the terms provide for return of funds, subject to compliance checks, legal obligations and charges. This is not a normal settlement promise.[15]

Fund-origin review can continue after initial account approval. Bity says a larger intended transaction, changed activity or a different pattern can require more evidence. A previously approved transaction is therefore not proof that a later transfer will receive the same processing treatment. The published process is driven by the current transaction and customer profile rather than a single permanently cleared funding limit.[12]

Bity also asks for a short written explanation, with documents showing names, dates and amounts. English or French is preferred; PDF, JPG/JPEG, PNG and TXT are accepted formats. These are illustrative evidence categories, not an assurance that one document will complete every review.[11]

Bity’s April 2026 disclosure calls the ordinary crypto service non-custodial and says customers retain their wallets and private keys. That description does not remove the separate settlement transfer described above. Customer-controlled long-term holdings and money already sent for execution are different stages of the transaction.[5]

The accessory wallet terms place key and recovery-phrase responsibility on the customer; Bity cannot recover lost keys or assets.[15]

The transport FAQ instead names Bity Tokenisation SA as the party arranging and paying for movement of the bars.[25]

The insurance FAQ also assigns responsibility to Bity Tokenisation SA. It supplies no insurer, policy wording, aggregate limit or per-holder entitlement. Those omissions prevent the description from establishing a specific recoverable amount.[26]

The control and insurance pages use different company names. Their legal relationship or a completed name change was not established from those disclosures. Confirm the current issuer and storage representative in the product contract.[24][26]

The older storage page’s statement that bars are insured concerns the physical-gold arrangement. It does not establish protection for ordinary Bitcoin, fiat settlement funds, a lost wallet key or every cause of loss affecting an NFT. No transfer of that protection to the private desk is assumed.[22]

The terms target Swiss-domiciled clients and restrict foreign access where a required local permission is absent, expressly addressing MiCA-related restrictions. Website access is not approval.[15]

The verification guide describes review within a few business days in many cases, beginning after submission. That estimate changes with completeness, customer type and complexity. Approval is confirmed by email; residence or incorporation can affect whether onboarding is available. A full current country-by-country acceptance matrix was not established from the public material.[8]

Address evidence must generally be issued within three months and show the applicant’s full name and address. For a bank statement, the account identifier and some activity must be visible. Utility or phone bills and official residence documents are among the examples. These requirements concern identity evidence; acceptance of a statement is not approval of that bank as a settlement route.[9]

Corporate admission requires a separate ownership and control review. Bity lists an address document within three months and a commercial-register extract within twelve months; equivalent incorporation or constitutional documents may be accepted when appropriate. Shareholder and director evidence, powers of attorney and identification of beneficial owners can be required. Authorised signatories provide identity documentation and a recent selfie, with residence evidence where applicable. Complex structures may require supplementary documents or video verification. Completion is confirmed by email.[7]

The beneficial-owner declaration concerns the person ultimately owning or controlling the money, or on whose behalf a transaction takes place. If the funds belong to somebody else, that underlying owner must be declared and may need to provide identification. This is distinct from identifying the person who sends the instruction.[10]

Bity’s PEP guidance covers prominent public roles, including government, judicial, military, state-enterprise and relevant international-organisation positions. It says PEP status is not itself an automatic bar to using the service, although extra verification may follow. The decision still belongs to the actual admission and transaction review.[13]

FINMA directs reports and complaints about an SRO-affiliated intermediary to the responsible SRO. Its member-search instructions are useful for identifying that organisation, but the retrieved page did not expose a current Bity row. A supervisory report should not be presented as a verified compensation claim or a promise that the SRO will reverse a trade. The reviewed documents did not establish a separate binding complaint-resolution timetable.[32]

SO-FIT publishes [email protected] and +41 22 700 73 20 alongside its Geneva contact address and weekday office hours. Those hours belong to SO-FIT; they are not Bity dealing hours or an emergency-execution service.[35]

For onboarding and account enquiries, Bity’s data guidance says information is used for compliance, legal and operational purposes and may be shared with service providers or authorities where lawful. It directs customers to the privacy policy for the full rights and retention framework. An email support route should not be confused with a public channel for posting identity documents or wallet secrets.[14]

FINMA distinguishes prudential supervision from the SRO route for financial intermediaries subject to AML obligations. The latter concerns matters such as identification, beneficial ownership, transaction clarification and reporting. Recognition of the supervising SRO does not by itself prove a banking, securities or trading-venue authorisation for each member, or guarantee customer assets. No such broader permission is assigned to Bity here.[31]

SO-FIT’s own framework requires affiliates to maintain an appropriate compliance organisation and supply periodic AML audit reports. It also provides for ad hoc investigations. These are compliance controls with a stated remit; the word “audit” should not be read as an independently inspected balance-sheet audit, current asset reconciliation or proof of solvency.[34]

Bity’s website dates the business to 2014 and identifies Bity SA in Neuchâtel. Its present positioning is a relationship-based desk for larger transactions. The public pages reviewed did not provide a comparable current active-trader count or audited trading-volume series, so this profile does not assign a volume rank.[1]

Prolonged inactivity can lead to restricted access. No fixed inactivity charge was established.[15]

Verification is not a one-time substitute for keeping company records current. Bity’s corporate process separates the legal entity, its owners and the individuals authorised to act. An organisational change can therefore require different evidence from an ordinary update to a customer’s contact details.[7]

The gold issuer is separately named as Bity Tokenisation SA. The product FAQ’s claim about its Swiss legal permission was not matched to an independent authorisation record, and no positive permission entry is created from that wording. The issuer role should remain distinct from Bity SA’s execution-desk role and the separately named storage representative.[29]

Operator

Bity SA

Exchange model

Centralised

Service scope

Swiss manual cryptocurrency brokerage/execution desk; high-value individual and business relationships. GLD tokens have separate product terms.

Client types

Retail clients; Professional clients; Institutional clients

Pricing publication

Public and quoted pricing

Other names

Bity Switzerland; Bity Trading

Headquarters

Bity SA: Neuchâtel, Switzerland

Covered jurisdictions

Switzerland

Pricing scope

Negotiated desk charges; separate GLD purchase, resale and physical-redemption schedules.

Funding scope

Fiat and crypto settlement details agreed with the desk; no universal public currency/network matrix.

Custody and asset handling

Company describes customer-controlled crypto wallets. Desk transactions nevertheless require transfer of settlement funds. Gold tokens involve separate physical custody.

Client eligibility

Prior individual or corporate approval; country-dependent access. Swiss-focused terms restrict jurisdictions requiring unavailable local permissions.

Support

[email protected]; verified customers submit dealing instructions to [email protected].

Authorisation and registration scope

Company states SO-FIT AML affiliation. FINMA recognises SO-FIT, but the current Bity membership row was not recovered; no broader permission is inferred.

Exchange metadata checked 21 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 8Source 15Source 22Source 29Source 30Source 32

The January 2026 buyback guide requires completed KYC and contact with support identifying the NFT and the USDT payment address. The quote uses the gold spot reference less 3% and lasts 24 hours. The NFT is then sent to the designated address and temporarily blocked while the sale is completed; the agreed payment follows confirmation. For a hypothetical USDT10,000 gross valuation, 3% leaves USDT9,700 before any separate costs.[20]

A wallet-to-wallet transfer is described separately from sale through Bity. Transferring the token changes its wallet location; it is not the published process for obtaining a USDT buyback payment or collecting the physical bar. The receiving wallet and ownership evidence therefore matter independently of the resale quotation.[21]

The physical-redemption guide requires a verified account, the NFT identifier and a collection appointment. Support supplies the NFT destination; the token is locked during processing. The separate CHF300 vault fee is paid before receipt and appointment confirmation. The published collection location is Zurich, and the customer brings identification and the receipt. The guide’s discussion of possible future delivery methods is not evidence that home delivery is available.[23]

The gold ownership FAQ describes the NFT certificate as evidence of title and says it can be printed. That record is distinct from a bank transfer receipt or the metal’s market valuation. Retaining the token identifier, transaction evidence and relevant product documents helps connect the digital transaction to the claimed underlying bar.[19]

The October 2024 audit FAQ describes randomised vault inspections every four months and publication of an auditor’s statement. No current report was inspected for this profile. Consequently, that description is recorded as the operator’s dated audit process rather than confirmation that any particular inventory or inspection cycle has been independently verified.[27]

Bity’s tax FAQ leaves tax obligations with buyers and sellers and says the result depends on jurisdiction. Neither the token quotation nor a published transaction fee should therefore be presented as a universal after-tax cost. The reviewed material did not establish a standard automated tax-report or CSV-export entitlement for this manual desk.[28]