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Swyftx Review

Last Updated on February 15, 2024

James Headshot
Written by
Adam Headshot
Edited by
Swyftx logo
4.80
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit Swyftx

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Swyftx is a top choice for both new and seasoned crypto investors looking for a reliable crypto exchange. Their platform provides a variety of features, from instant deposits to a vast array of supported coins, all within a secure and user-friendly environment.

With its comprehensive security framework, competitive fees, and responsive customer service, Swyftx is a great and reputable exchange that is well-suited to meet the needs of any trader or investor.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

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.

Get $20 BTC credit when you sign up through our link.

Pros

  • User-friendly interface
  • Wide range of cryptocurrencies available
  • 24/7 live chat support
  • Competitive trading fees
  • Quick verification process

Cons

  • Limited advanced trading features
  • Beginner focused user experience

Quick Summary

Headquarters Location Brisbane, Australia
Fiat Currencies Supported USD, AUD, NZD
Total Supported Cryptocurrencies 327+
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 is an Australian-based crypto exchange that has gained significant traction among cryptocurrency enthusiasts. Recognised for its user-friendly interface and a broad range of supported cryptocurrencies, Swyftx is on a mission to simplify the crypto trading process for its users.

Swyftx homepage

In this review, we will take a closer look at what Swyftx has to offer, from its fee structure and security measures to its trading experience and customer support.

Swyftx continues to cement its role as a formidable entity in the digital currency exchange landscape, especially within the Australian market. By making strides in user experience and technological advancements, the exchange remains vigilant in adapting to the dynamic nature of cryptocurrency trading.

The platform’s dedication to simplifying the complexities of the crypto space is evident in its ongoing efforts to enhance the suite of services it provides to crypto investors.

About Swyftx

Swyftx was launched by co-founders Alex Harper and Angus Goldman. The platform was created with the goal of providing a more seamless and straightforward crypto trading experience for the Australian market.

Swyftx stands out for its effort to demystify the complexity often associated with digital asset exchanges, making it accessible to both novice and experienced traders. By incorporating educational tools and a detailed asset breakdown, the exchange empowers users with the knowledge to navigate the crypto space confidently.

Swyftx features

The trajectory of Swyftx has been significantly influenced by the evolving landscape of the cryptocurrency market and the changing regulations within the Australian government. The foresight and agility of the Swyftx senior leadership team have been key in navigating these shifts.

Their vision has allowed the exchange to remain relevant and responsive to the needs of Australian traders, as well as becoming a trusted name in a market where trust is a currency as valuable as the 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 327 cryptocurrencies on their platform. This exchange currently supports 26 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies Swyftx supports

  • 1INCH
  • AAVE
  • ACH
  • ADA
  • ADX
  • AERGO
  • AGIX
  • AGLD
  • AKRO
  • ALCX
  • ALGO
  • ALICE
  • ALPACA
  • ALPHA
  • AMB
  • AMP
  • ANKR
  • ANT
  • APE
  • 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
  • BEL
  • BLUR
  • BLZ
  • BNB
  • BNT
  • BOND
  • BONE
  • 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
  • EDU
  • EGLD
  • ELF
  • ENJ
  • ENS
  • EOS
  • EPX
  • ERN
  • ETC
  • ETH
  • FARM
  • FET
  • FIDA
  • FIL
  • FIO
  • FIS
  • FLM
  • FLOKI
  • FLOW
  • FLUX
  • FOR
  • 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
  • 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
  • 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
  • ORN
  • OSMO
  • OXT
  • PAXG
  • PEOPLE
  • PEPE
  • PERL
  • PERP
  • PHA
  • PLA
  • PNT
  • POLS
  • POLY
  • POND
  • POWR
  • PROM
  • PSG
  • PUNDIX
  • PYR
  • QI
  • QKC
  • QNT
  • QTUM
  • QUICK
  • RAD
  • RAMP
  • RARE
  • RAY
  • RDNT
  • REEF
  • REI
  • REN
  • REP
  • REQ
  • RIF
  • RLC
  • RNDR
  • 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
  • STX
  • SUI
  • SUN
  • SUPER
  • SUSHI
  • SXP
  • SYS
  • T
  • TFUEL
  • THETA
  • 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
  • XEC
  • XEM
  • XLM
  • XNO
  • XRP
  • XTZ
  • XVG
  • XVS
  • YFI
  • YFII
  • YGG
  • ZEC
  • ZEN
  • ZIL
  • ZRX

Trading Experience

Swyftx has been designed to cater to a broad audience, from beginners to advanced traders. The platform boasts an intuitive user interface that simplifies the trading process.

Features like demo mode, real-time news, and access to expert market analysis provide users with valuable insights to inform their trades. Additionally, advanced traders can use a suite of technical indicators and charting tools to devise comprehensive trading strategies.

The trading experience on Swyftx is tailored to meet the diverse needs of a wide spectrum of users. Active traders and professional investors alike will find that the exchange offers an excellent trading platform with a focus on efficiency.

From a customizable dashboard that allows for a tailored overview of market trends to the use of a proprietary algorithm capable of providing detailed market depth and analysis, the platform enables users to execute trades with precision and confidence. Additionally, the availability of demo accounts allows new users to get a functional demo mode where they can acquaint themselves with the trading process without the risk of losing real money.

Swyftx exchange marketing

Swyftx Fees

Swyftx prides itself on its transparent fee policy. Rather than charging a complex array of fees, the platform opts for a straightforward approach.

Traders can expect minimal spreads and a competitive fee structure that aligns with industry standards. While specifics may vary based on market conditions, the platform’s commitment to maintaining low and understandable fees is a core component of its service offering.

In a financial environment where trading fees can often be a deciding factor for traders, Swyftx maintains its edge with a fee policy that eschews the convoluted in favour of the straightforward. The platform’s approach to fees is not only competitive but also reflects a deep understanding of what traders – from those making their first trade to the seasoned professionals – value: transparency and predictability.

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 0.00006 BTC compared to the industry average of 0.000075 BTC. So Swyftx has a fee that is below the industry average by 20.00%.

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 the security of its users’ funds and personal information very seriously. The exchange employs industry-standard security measures such as two-factor authentication (2FA), regular external penetration testing, and compliance with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.

Swyftx’s commitment to security transcends basic measures; it is a foundational pillar that upholds every aspect of the exchange’s infrastructure. From robust cloud security platforms to advanced security frameworks capable of thwarting sophisticated cyber threats, the exchange has established a comprehensive defense system.

This proactive stance on security benefits the users by creating a trading environment where they can manage their digital assets without undue concern over the safety of their funds and personal information.

Swyftx Customer Support

Customer service is a standout feature at Swyftx. The exchange offers a range of customer support services, including live chat and email support with an average response time of minutes, demonstrating their commitment to assisting users promptly.

Swyftx’s customer support services stand as a testament to the exchange’s commitment to its user base. The customer support staff are not only quick to respond, typically within minutes via online chat or email address provided, but they also bring a wealth of expertise to the table.

This ensures that users receive knowledgeable and practical assistance whenever required, fostering a sense of community and support that enhances the overall customer experience. This high level of customer service is pivotal in an industry where timely support can make a considerable difference in outcomes for traders.

Swyftx support

Swyftx Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Swyftx

  1. 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.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Osko
  • PayID
  • Paypal
  • Apple Pay
  • Google Pay
  • Banxa

Swyftx Alternatives

CoinSpot logo

CoinSpot

4.37
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
402+

Trading Fees
0.10% - 1%

Fiat Currencies Supported
AUD

Visit CoinSpot
Binance logo

Binance

3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

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Bybit logo

Bybit

3.50
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
341+

Trading Fees
0.04% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 160 others

Visit Bybit

Final Thoughts

After a comprehensive review, Swyftx stands out as a robust and user-friendly platform for trading a wide range of cryptocurrencies. Its dedication to providing a streamlined trading experience, coupled with a commitment to transparency and user education, makes it an attractive option for those looking to navigate the 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.

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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.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: