Not-So-Scary Halloween: Feel Safer Buying Your First Bitcoin
Dan Stokes
Community Growth
Halloween is the one night of the year when being scared is the point. Buying your first Bitcoin shouldn't be frightening though.
Plenty of people have watched Bitcoin for years without buying any. You may be one of them!
This Halloween, the Halloween Bitcoin Vault is here to help you feel safer about that first step into crypto. Start with $200, let the vault buy spot Bitcoin for you, and know from day one exactly what happens next.
If Bitcoin rises to the take-profit, the gain is yours. If it drops to the stop-loss, we refund your loss.*
If you're new to SwissBorg, or you've signed up but haven't made your first deposit yet, this one's for you.
Halloween Bitcoin Vault: Key Facts
- What you deposit to SwissBorg: $200, or the equivalent in another currency, as your first deposit
- What the vault buys: spot Bitcoin, bought for everyone at the same time when the vault's strategy starts on 1 November
- If the stop-loss is hit: we refund your loss, up to $20, in USDC
- Vault currency: you join the vault with USDC, and all payouts, including any refund, are paid in USDC
- Lock-up: your funds stay locked until the vault closes, with no early exit
- End date: 24 December at the latest
- Who can join: new SwissBorg accounts and verified accounts that haven't made a deposit yet. You need to deposit $200 or the equivalent in another currency to enter the vault
- Campaign opens: Thursday 22 October, 14:00 CEST
- Last day for your qualifying deposit: Sunday 1 November, 09:00 CET
- Entry to Halloween BTC Vault closes: Sunday 1 November, 14:00 CET
Get started with SwissBorg and make your first deposit so it arrives into your account by 1 November, 09:00 CET.
What Is the Halloween Bitcoin Vault?
The Halloween Bitcoin Vault is a limited-time SwissBorg vault for people buying their first crypto. When the vault starts, it buys spot Bitcoin for everyone at the same time, then follows three rules set beforehand: a take-profit, a stop-loss, and a fixed end date of 24 December. The exact take-profit and stop-loss prices will be confirmed by 1 November, when the vault's strategy starts, and shown in the app. If the stop-loss is hit, SwissBorg ends the vault, sells the Bitcoin at market price, gives you what is left, plus, for this special vault, refunds your loss, up to $20 per user, in USDC.
Three terms worth knowing:
- Spot Bitcoin: real Bitcoin bought at the current market price, with no borrowed money.
- Stop-loss: a price at which the vault automatically sells, to stop losses from growing.
- Take-profit: a price at which the vault automatically sells, to lock in a pre-set gain.
Like our other Trading Vaults, the Halloween Bitcoin Vault buys and sells automatically using rules that are displayed inside the app. To see how vaults work in more detail, read SwissBorg Alpha Trading Vaults: A Smarter Way to Trade Crypto.
Why Buying Your First Bitcoin Feels Scary
Bitcoin is volatile. Its price can move by 10% or more in a matter of days, and nobody, including us, knows which way it will go next. For a first-time buyer, the hardest part is often the not knowing: when to sell if it goes well, and when to stop if it doesn't.
Most people who get burned in crypto don't lose because of one bad price move. They lose because they had no plan for it. The Halloween Bitcoin Vault gives you that plan from day one, so you know in advance what happens whichever way the price goes.
That makes the first step a lot less scary for you.
How Does the Halloween Bitcoin Vault Work?
- Open your account: download the SwissBorg app and verify your identity, or log in if you're already verified. Our Getting Started and Account Level 1 Verification guides walk you through it.
- Make your first deposit: add at least $200, or the equivalent in your currency, so it arrives in your account by 1 November, 09:00 CET. You can top up with a card or make a bank deposit.
- Join the vault: go to the Invest tab and open the Not-So-Scary Halloween vault at the top of the screen. The vault runs in USDC, a US dollar stablecoin, so you join with USDC from your balance. New to stablecoins? Read What Is USD Coin (USDC)? When you're ready, check the vault's term sheet, which sets out the full details, then tap Get Started and confirm your entry before 1 November, 14:00 CET.
As long as your qualifying $200 deposit is in by 1 November, 09:00 CET, you still qualify for the vault. Your Bitcoin is bought on 1 November, when the vault's strategy starts, not when you join, so everyone gets the same entry price. Once you're in, your funds stay locked until the vault closes.
What Happens If Bitcoin Hits the Take-Profit?
The take-profit triggers. The vault sells your Bitcoin, closes and pays out straight away, before 24 December. Any gain is yours.
What Happens If Bitcoin Drops?
This is where the Halloween Bitcoin Vault helps you feel safer. If Bitcoin falls to the stop-loss, the vault sells your Bitcoin, closes and pays out what's left of your position straight away. We then also refund your loss in USDC, up to $20 per user.
What If Neither Happens Before 24 December?
The vault closes at the market price on 24 December and pays out the value of your Bitcoin, whether that's a gain or a loss. The refund doesn't apply in this case.
Who Can Join the Halloween Bitcoin Vault?
- New SwissBorg accounts opened from 22 October
- Verified accounts that haven't made a deposit yet, activating with their first deposit
If your account has received a deposit previously, you're not eligible. Your first deposit needs to be at least $200, or the equivalent in another currency, made by 1 November, 09:00 CET.
Ready to take your first, not-so-scary step into Bitcoin? Get started with SwissBorg.
Halloween Bitcoin Vault Frequently Asked Questions (FAQ)
A Bitcoin vault on SwissBorg buys Bitcoin for you and then sells it automatically according to rules set in advance, such as a take-profit and a stop-loss. The Halloween Bitcoin Vault is a limited-time vault for new accounts and first-time depositors.
No. It buys spot Bitcoin with no borrowed funds.
If Bitcoin falls to the stop-loss, the vault sells, closes and pays out what's left of your position. We then refund your loss, up to $20 per user, in USDC.
USDC, a US dollar stablecoin. You join the vault with USDC, and all payouts, including any refund, are paid in USDC.
The take-profit triggers, and the vault sells your Bitcoin, closes and pays out straight away, before 24 December.
The vault closes at the market price on 24 December. Any gain or loss at that point is yours, and no refund applies.
Yes. If the stop-loss is hit and your loss is more than $20, you keep the difference as a loss. If Bitcoin is lower on 24 December but above the stop-loss, there's no refund. Bitcoin may also never reach the take-profit.
No. Once you're in, your funds stay locked until the vault closes through the take-profit, the stop-loss or on 24 December.
New SwissBorg accounts opened from 22 October, and verified accounts that haven't made a deposit yet. Your first deposit needs to be at least $200, or the equivalent in another currency.
It can take up to 24 hours to appear after your qualifying deposit. As long as you deposit at least $200 by 1 November, 09:00 CET, you will still qualify to enter.
Entries close on Sunday 1 November at 14:00 CET. Vaults then run until 24 December at the latest.
You'll find the full details in the Halloween Bitcoin Vault term sheet in the app. Please read it before you subscribe.
*The refund covers your loss up to a maximum of $20 per user, paid in USDC, and only applies if the stop-loss is hit.
General promotional terms and conditions apply. Excludes UK residents.
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This is a crypto-asset marketing communication. Crypto assets are highly volatile. You risk losing all invested capital. Past performance is not a reliable indicator of future results. This article is for informational purposes only and is not financial advice. You can learn more about the risks associated with crypto assets on our List of Risks page. Services are provided as set out in our Terms of Use.
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