Dukascopy Bank SA (Dukascopy) offers the possibility to fund trading accounts and to withdraw funds via Bitcoins (BTC). This offer is available in relation to "crypto-fundable trading accounts" under the following conditions:
Log in to your Live Member Area, proceed to "My Account" section and open the Bitcoin deposit form:
Indicate the amount you intend to deposit during your top-up.
Please note that the entered BTC deposit amount has to match exactly the sum of BTC Dukascopy will receive, failing which your deposit is likely to be placed in quarantine.
Create the Bitcoin address for your deposit by clicking the "Generate a BTC deposit address" button
Send the announced Bitcoin amount from your crypto-wallet to the deposit address you generated for your deposit.
After you sent BTC to Dukascopy, return to the Bitcoin deposit form in the Live Member Area and provide the TXID (Transaction ID) of your payment operation. Note that the field for entering the TXID will appear in the Bitcoin deposit form only after the transaction will have been confirmed by the blockchain.
The transaction ID can be found with the help of a block explorer. Here are examples of where you may find the transaction ID in a block explorer:
Providing Transaction ID is compulsory. No deposit via Bitcoins will be processed until the TXID of the transaction will be communicated by the client.
Once the transaction is 6 blocks deep, your Bitcoin deposit via Bitcoins will undergo a series of checks by Dukascopy, including:
If checks are passed successfully, the deposit is processed further.
Due to the intrinsic anonymity of Bitcoins transactions, Dukascopy Bank places in quarantine all incoming Bitcoins when the following circumstances occur:
Indicate the desired withdrawal amount in USD and confirm the transaction.
Withdrawals are processed only during business days in the Canton of Geneva, Switzerland.
Dukascopy will convert into BTC (at its own BTC/USD rate) the requested withdrawal amount indicated in the base currency of the account (USD). Withdrawals are subject to a flat commission in accordance with the Fee schedule.
Dukascopy sends the Bitcoins to the Bitcoin wallet address indicated by the client when opening its crypto-fundable trading account.
The client must understand and accept that the withdrawal process is not instant and that the BTC/USD exchange rate will fluctuate until Dukascopy completes the exchange. Consequently, the client cannot predict the number of Bitcoins he will receive in his wallet pursuant the withdrawal.