A Dukascopy alternative for turning USDT into bank money
Dukascopy clients sell USDT to each other on 911 Crypto P2P. As a Dukascopy alternative, Unigox sells USDT or USDC for local money paid to your bank. For forex or a Swiss account, stay with Dukascopy.
When to stay with Dukascopy
You trade forex or CFDs
Dukascopy is a bank and securities firm offering leveraged CFD trading, crypto CFDs included, long or short. Unigox offers no trading of this kind.
You want a Swiss bank account
Dukascopy's Multi-Currency Account has individual IBANs for SWIFT, SEPA and SIX transfers, virtual or plastic cards, and Swiss deposit protection up to CHF 100,000 per client. USDT you send in is held there as a USDT investment, with a 1% purchase fee and a 1.5% yearly maintenance fee.
You want the bank to hold the buyer's money
On 911 Crypto P2P, Dukascopy Bank blocks the buyer's money until the crypto arrives. The seller fee is a flat 0.5%, and you can send on any network the buyer accepts.
Dukascopy fees and rules for USDT, next to Unigox
Dukascopy prices each route by its own steps and Unigox prices one sale. Compare the money each one leaves in your account for the same amount.
| Topic | Dukascopy | Unigox |
|---|---|---|
| What it is | A Swiss bank and securities firm: multi-currency accounts with IBANs and cards, investments, forex and CFD trading, and a P2P board where clients trade crypto with each other. | A place to sell USDT or USDC for local money. |
| Where you sell | On 911 Crypto P2P, to another Dukascopy client, for fiat paid to your Dukascopy account. P2P needs a USD account. | To a P2P merchant or a payment business, in the currency you pick, paid to the bank account you add. |
| During the deal | The bank blocks the buyer's fiat. You send the crypto straight to the buyer within 30 minutes, and the bank releases the money when the buyer confirms receipt. | During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. |
| Networks | Depends on the route.
| USDT or USDC sent from another wallet or an exchange, on Ethereum or another supported EVM chain, Tron, TON or Solana. The sell form lists the networks. |
| Fees | Each route is priced on its own.
| Inside the rate for your amount, which you see before you confirm. |
| If you deposit USDT instead | Dukascopy converts it; how depends on the account.
| Nothing is converted on arrival: the USDT waits in your Unigox Wallet until you sell it. An identity check comes before your first trade, at any amount. |
| Regulation | Dukascopy Bank SA is regulated by the Swiss Financial Market Supervisory Authority FINMA as a bank and securities firm. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMoving your USDT cash-out from Dukascopy
Verify outside Dukascopy
Create a Unigox account and pass its identity check. It comes before the first trade, whatever its size.
Move the USDT to Unigox
If your USDT sits in a Dukascopy investment, have it delivered to your declared Ethereum wallet, which costs 30 CHF. Then choose External Wallet or Exchange on the Unigox sell form and send it on Ethereum to the address shown.
Sell and name the account
Choose the currency, check the rate with the fee inside, and add the bank account to be paid. A P2P merchant or a payment business pays it.
Dukascopy questions
How else can a Dukascopy client sell USDT?
Dukascopy clients can sell USDT on 911 Crypto P2P to another client, for money on a Dukascopy account and a 0.5% seller fee; P2P needs a USD account. A USDT deposit into Dukascopy itself must be ERC-20 and is processed only on Geneva business days. On Unigox you sell USDT or USDC in the currency you pick, and a P2P merchant or a payment business pays the bank account you add. Traders and anyone who wants a Swiss IBAN and card should keep Dukascopy.
Is Unigox one of the Dukascopy alternatives for forex traders?
No. Unigox runs no forex or CFD trading, so a trader looking for another broker should compare brokers. Unigox replaces only the crypto part: turning USDT or USDC into local money. We also compare Unigox with Wise and Deblock, two other accounts people in Europe use, and say when to stay with each.
See all comparisonsWhat are Dukascopy's fees for turning USDT into bank money?
On 911 Crypto P2P the seller pays 0.5% of the fiat amount, and the money arrives on the Dukascopy account. A USDT deposit to a Multi-Currency Account is free, but it buys a USDT investment at the 1% purchase fee. Selling it costs another 1% and holding it 1.5% a year. A SEPA withdrawal costs 2.3 EUR, or 7.50 EUR to certain financial institutions. On a linked partner crypto exchange, Dukascopy lists 0.3% on the sale, and the exchange sets its own fees. Unigox puts its fee inside the rate for your amount, shown before you accept.
Can I sell USDT on Unigox and keep my Dukascopy account?
Yes. The buyer of your USDT, a P2P merchant or a payment business, pays the bank account you add, and that can be your Dukascopy IBAN. Dukascopy's fee table lists transfers from third-party accounts as free up to CHF 50,000, then 25 CHF up to CHF 150,000 and 50 CHF over that. Third-party payments over CHF 50,000 from sources such as crypto add a 0.5% deposit fee (at least CHF 250, at most CHF 5,000). From the 8th third-party incoming payment in a calendar month, it may also charge 0.5%, at least CHF 1.
Price your USDT sale on Unigox first
Enter the amount you would otherwise sell at Dukascopy and see the rate, fee inside, before you confirm. The buyer pays the bank account you add, which can be your Dukascopy IBAN.
Dukascopy and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.