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AUSTRAC Registered This exchange is registered with AUSTRAC. Digital currency exchange providers in Australia are required to be registered with AUSTRAC. This ensures they must comply with relevant AML and CTF laws or risk facing heavy penalties. You can read more about this on AUSTRAC's website. This registration should not be viewed as an official endorsement or guarantee of services.
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Pros
Cons
Quick Summary
Headquarters Location | Brisbane, Australia |
---|---|
Fiat Currencies Supported | USD, AUD, NZD |
Total Supported Cryptocurrencies | 350+ |
Trading Fees | 0.35% - 0.60% |
Deposit Methods | Bank Transfer, Debit Card, Credit Card, Cryptocurrency, Osko, PayID, Banxa |
Support | Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket |
Mobile App | Yes - iOS, Android |
Swyftx, an Australian-based crypto exchange, has gained significant traction among cryptocurrency enthusiasts. Recognised for its user-friendly interface and wide range of supported cryptocurrencies, Swyftx strives to simplify its users’ trading process.
This review will thoroughly examine all Swyftx offers, from its fee structure and security measures to trading experience and customer support.
Swyftx continues to reinforce its standing as an authority on digital currency exchanges in Australia by investing heavily in user experience and technological improvements – keeping pace with the rapid nature of cryptocurrency trading.
The platform’s commitment to simplifying the complex nature of cryptocurrency investing is evident through its efforts to enhance its range of services for crypto investors.
About Swyftx
Swyftx was launched by co-founders Alex Harper and Angus Goldman to offer Australians a more effortless crypto trading experience.
Swyftx stands out for its efforts to demystify the complexity associated with digital asset exchanges, making them accessible for novice and veteran traders alike. Including educational tools and an in-depth asset breakdown equips its users with knowledge about confidently navigating the crypto space.
Swyftx’s journey has been profoundly shaped by the changing dynamics of both cryptocurrency and Australian regulations. Their senior leadership team have proven invaluable in managing these transitions successfully.
Their vision has ensured the exchange remains relevant and responsive to Australian traders and becomes a pillar of trust in an environment where trust is as valuable as coins traded.
Swyftx has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube.
Swyftx has a mobile app on both the Apple App Store and Google Play.
Swyftx Supported Cryptocurrencies
Swyftx supports trading on over 350 cryptocurrencies on their platform. This exchange currently supports 27 of the top 30 market cap cryptocurrencies.
View all cryptocurrencies Swyftx supports
- 1000SATS
- 1INCH
- AAVE
- ACE
- ACH
- ADA
- ADX
- AERGO
- AGIX
- AGLD
- AI
- AKRO
- ALCX
- ALGO
- ALICE
- ALPACA
- ALPHA
- ALT
- AMB
- AMP
- ANKR
- ANT
- APE
- API3
- APT
- AR
- ARB
- ARDR
- ARK
- ARKM
- ARPA
- ASR
- AST
- ASTR
- ATM
- ATOM
- AUCTION
- AUDIO
- AVA
- AVAX
- AXS
- BABYDOGE
- BADGER
- BAKE
- BAL
- BAND
- BAR
- BAT
- BCH
- BEAM
- BEL
- BIGTIME
- BLUR
- BLZ
- BNB
- BNT
- BOND
- BONE
- BONK
- BSW
- BTC
- BTS
- BTTC
- BURGER
- BUSD
- C98
- CAKE
- CELO
- CELR
- CFX
- CHR
- CHZ
- CITY
- CKB
- CLV
- COCOS
- COMP
- COS
- COTI
- CRV
- CTK
- CTSI
- CTXC
- CVC
- CVX
- CYBER
- DASH
- DATA
- DCR
- DEGO
- DENT
- DEXE
- DFI
- DGB
- DIA
- DOCK
- DODO
- DOGE
- DOT
- DREP
- DUSK
- DYDX
- DYM
- EDU
- EGLD
- ELF
- ENJ
- ENS
- EOS
- EPX
- ERN
- ETC
- ETH
- FARM
- FET
- FIDA
- FIL
- FIO
- FIS
- FLM
- FLOKI
- FLOW
- FLUX
- FOR
- FORTH
- FRONT
- FTM
- FTT
- FUN
- FXS
- GAL
- GALA
- GAS
- GFT
- GHST
- GLM
- GLMR
- GMT
- GMX
- GNO
- GNS
- GRT
- GTC
- HARD
- HBAR
- HFT
- HIGH
- HIVE
- HOT
- ICP
- ICX
- ID
- IDEX
- ILV
- IMX
- INJ
- IOST
- IOTA
- IOTX
- IRIS
- JASMY
- JOE
- JST
- JTO
- JUP
- JUV
- KAVA
- KDA
- KEY
- KLAY
- KMD
- KNC
- KSM
- LAZIO
- LDO
- LINA
- LINK
- LIT
- LOOM
- LPT
- LQTY
- LRC
- LSK
- LTC
- LTO
- LUNA
- LUNC
- MAGIC
- MANA
- MASK
- MATIC
- MAV
- MBL
- MBOX
- MDT
- MDX
- MEME
- METIS
- MFT
- MINA
- MITH
- MKR
- MLN
- MOVR
- MTL
- NEAR
- NEO
- NEXO
- NKN
- NMR
- NTRN
- NULS
- OAX
- OCEAN
- OG
- OGN
- OM
- OMG
- ONE
- ONG
- ONT
- OOKI
- OP
- ORDI
- ORN
- OSMO
- OXT
- PAXG
- PENDLE
- PEOPLE
- PEPE
- PERL
- PERP
- PHA
- PIXEL
- PLA
- PNT
- POLS
- POLY
- POLYX
- POND
- POWR
- PROM
- PSG
- PUNDIX
- PYR
- PYTH
- QI
- QKC
- QNT
- QTUM
- QUICK
- RAD
- RAMP
- RARE
- RAY
- RDNT
- REEF
- REI
- REN
- REP
- REQ
- RIF
- RLC
- RNDR
- RONIN
- ROSE
- RPL
- RSR
- RUNE
- RVN
- SAND
- SC
- SCRT
- SEI
- SFP
- SHIB
- SKL
- SLP
- SNM
- SNT
- SNX
- SOL
- SPELL
- SRM
- SSV
- STEEM
- STG
- STMX
- STORJ
- STPT
- STRK
- STX
- SUI
- SUN
- SUPER
- SUSHI
- SXP
- SYS
- T
- TFUEL
- THETA
- TIA
- TKO
- TLM
- TOMO
- TRB
- TROY
- TRU
- TRX
- TVK
- TWT
- UMA
- UNFI
- UNI
- USDC
- USDT
- UTK
- VET
- VGX
- VIB
- VIDT
- VITE
- VTHO
- WAN
- WAVES
- WBTC
- WIN
- WING
- WLD
- WNXM
- WOO
- WRX
- WTC
- XAI
- XEC
- XEM
- XLM
- XNO
- XRP
- XTZ
- XVG
- XVS
- YFI
- YFII
- YGG
- ZEC
- ZEN
- ZIL
- ZRX
Trading Experience
Swyftx was created to meet the needs of all types of traders—from novice to expert. With its user-friendly platform interface and simplified trading process, this platform is tailored to meet these goals.
Demo mode, real-time news updates, and access to expert market analysis provide users with invaluable insights that help inform their trades. Furthermore, advanced traders can take advantage of an array of technical indicators and charting tools to create comprehensive trading strategies.
Swyftx provides an outstanding trading experience tailored to meet the diverse needs of its users, whether active traders or professional investors alike. Active investors will find that its platform specialises in efficiency.
From a customisable dashboard that offers users an in-depth market trend analysis to their proprietary algorithm that offers in-depth market depth and analysis, their platform enables traders to execute trades precisely and confidently. Furthermore, demo accounts are available so newcomers can test trading processes without risking real money in their practice sessions.
Swyftx Fees
Swyftx takes great pride in its transparent fee policy. Instead of charging an array of hidden costs, this platform opts for a more straightforward approach with transparent fees.
Traders can expect minimal spreads and an industry-standard fee structure that aligns with industry norms. While market conditions may affect fees specifically, this platform’s commitment to maintaining reasonable and understandable fees remains at the core of its service offering.
Swyftx stands out in an environment where trading fees can often be the deciding factor, offering an upfront and transparent approach to fees that keeps its edge as an online broker. Their approach reflects an in-depth knowledge of what traders – novices and experts – value; transparency and predictability are hallmarks of quality trading platforms.
Type | Fee |
---|---|
Deposit Fee (Bank Transfer - Osko, PayID) | 0% |
Deposit Fee (Credit/Debit Card) | 1.99% |
Trading Fee | 0.35% - 0.60% |
Withdrawal Fee (Bank Transfer) | 0% |
Swyftx supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.00024 BTC. The average across all other exchanges that we've reviewed is 0.000463 BTC. This means Swyftx charges below the industry average by 48.17%.
Swyftx has a maker/taker fee schedule which you can see below.
Tier | Trading fee | 30-day trade volume (AUD) |
---|---|---|
Regular | 0.6% | <$100,000 |
VIP 1 | 0.55% | ≥ $100,000 |
VIP 2 | 0.5% | ≥ $300,000 |
VIP 3 | 0.45% | ≥ $400,000 |
VIP 4 | 0.4% | ≥ $500,000 |
VIP 5 | 0.35% | ≥ $1,000,000 |
VIP 6 | 0.3% | ≥ $3,000,000 |
VIP 7 | 0.25% | ≥ $4,000,000 |
VIP 8 | 0.2% | ≥ $5,000,000 |
VIP 9 | 0.1% | ≥ $6,000,000 |
Security - Is Swyftx Safe?
Swyftx takes its users’ funds and personal information security seriously. To safeguard user funds and privacy, industry-standard measures like two-factor authentication (2FA), regular external penetration testing, compliance with Anti-Money Laundering (AML) regulations, and Counterterrorism Financing (CTF) are in place at this exchange.
Swyftx’s commitment to security extends beyond basic measures; it forms the backbone of its infrastructure. From robust cloud security platforms and advanced cyber threat frameworks to providing a comprehensive defence system against sophisticated cyber attacks, Swyftx has established an advanced system to protect users.
Users benefit from this proactive stance on security by creating an environment in which they can manage digital assets safely without worrying too much about protecting funds or personal information.
Swyftx Customer Support
Customer service at Swyftx stands out. Their customer support team separates them from most other exchanges, and it’s been a large part of their success in Australia. The exchange provides live chat and email support services with an average response time of minutes, showing their commitment to aiding users promptly.
Swyftx’s customer support services are a testament to its dedication to its user base. Not only are the staff quick to respond, but they also bring invaluable expertise.
Users receive knowledgeable and practical assistance as soon as they require it, creating an atmosphere of community support that enhances customer experiences. Such high levels of customer service are especially crucial in an industry where timely support can make an enormous difference for traders.
Swyftx Support Channels
How to Sign Up on Swyftx
- Create Account - Visit the Swyftx website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
Swyftx Alternatives
CoinSpot
Total Supported Cryptocurrencies
441+
Trading Fees
0.10% - 1%
Fiat Currencies Supported
AUD
Binance
Total Supported Cryptocurrencies
386+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Bybit
Total Supported Cryptocurrencies
462+
Trading Fees
0.0675% - 0.1200%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 160 others
Final Thoughts
Swyftx stands out as an impressive and user-friendly platform for trading various cryptocurrencies. Its dedication to offering an efficient trading experience combined with transparency and user education makes it a strong contender in today’s crypto market.
Swyftx FAQs
Yes, Swyftx is an Australian based cryptocurrency exchange. Their founders are both Australian and their main office is located in Brisbane.
Users can withdraw Australian dollars (AUD) from Swyftx to their bank accounts.
Swyftx was co-founded by Alex Harper and Angus Goldman.
Swyftx offers a user-friendly interface, customer support, a variety of cryptocurrency assets for trading, and Australian Dollar (AUD) integration for easy deposits and withdrawals.
If you’re interested in seeing how Swyftx stacks up against other crypto exchanges, view our articles comparing Binance vs Swyftx, Digital Surge vs Swyftx, KuCoin vs Swyftx, and Swyftx vs CoinSpot.
Swyftx has not publicly disclosed their exact number of users; this information may change over time as the platform grows.
The base currency for Swyftx is typically the Australian Dollar (AUD), as it primarily serves Australian residents.
Swyftx is a platform that allows users to trade cryptocurrencies, but it is not a publicly traded company where you can purchase shares.
Swyftx User Reviews
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Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.