Crypto is a booming market, and Australia is a hotspot for it. But with so many platforms to choose from, how do you know which one is the best?

Swyftx is an Australian exchange that has over 310 coins to choose from, low fees, high liquidity, and many features to make trading easier and more profitable.

But how good is Swyftx? Is it safe, reliable, and user-friendly?

In this Swyftx review, we will answer these questions and more. We will review the main advantages and disadvantages, platform fees, security, customer support, and other aspects you should consider before signing up.

Key Takeaways:

  • Swyftx is one of the top Australian crypto exchanges offering a diverse selection of coins and features like recurring orders, SMSF accounts, and a demo mode for trading crypto.
  • It is only available in Australia and New Zealand and supports AUD and NZD fiat currencies.
  • It follows the highest regulatory standards (AUSTRAC) and has more than 660,000 satisfied customers.

Swyftx Review: At a Glance

Launched date2019
FoundersAlex Harper and Angus Goldman
Types of tradingSpot orders, limit & market orders, recurring orders, etc.
Supported coins310+
AUD supportedYes
Trading fees0.6% per trade
Deposit feesFree
Withdrawal feesFree (network fees may apply)
Payment methodsBank transfer, POLi, PayID, credit/debit cards, etc.
Customer supportPhone, e-mail, chat, and help desk
MEXC Banner Ads - 970x90

What is Swyftx?

Swyftx Exchange Homepage
  • Supported Coins: 310+
  • AUD and NZD Withdrawal: Yes
  • Is it Regulated: Yes (AUSTRAC in Australia and FSPR in New Zealand)
  • Solvency (PoR): 1:1 backed
  • Mobile App: Yes (Android and iOS)

Swyftx is among the best crypto exchanges in Australia, founded in 2019 by two crypto enthusiasts, Alex Harper, and Angus Goldman. It is registered with AUSTRAC and has ISO 27001 certification for information security. It also operates in New Zealand.

The platform offers a $20 Bitcoin bonus for new customers who sign up and verify their identity. It also has brokerage services that allow you to buy and sell large amounts of crypto with minimal slippage and market impact.

You can also create a self-managed super fund (SMSF) account on Swyftx and access tax benefits, low fees, and diversified crypto portfolio options.

If you’re looking for an Australia-supported crypto exchange, you may also want to consider MEXC Exchange.

(Register your new Swyftx account via the link below to grab $20 free Bitcoin)

Swyftx Logo

User Score


High Liquidity and Volume


Trade with Multiple Currencies

Pros of Swyftx

  • Wide range of cryptocurrencies, including popular and emerging ones
  • Fund and withdraw their accounts instantly via various payment methods
  • Advanced trading markets such as stop-loss orders, recurring orders, price alerts, and portfolio tracking
  • Easily download Australian transaction reports
  • High liquidity and volume
  • Complete regulatory compliance in Australia and New Zealand

Cons of Swyftx

  • No margin trading or derivatives
  • Limited geographical availability
  • No advanced trading features such as copy trading, trading bots, lending, etc.

Swyftx Fees and Spreads

Swyftx Fees And Spreads

Swyftx Deposit Fees

It does not charge you any fees when you deposit AUD. You can fund your account with AUD using PayID, Poli, or bank transfers. You can deposit or withdraw up to AUD 100,000 daily if your account is verified.

Swyftx Deposit methods

You can fund your Swyftx account with these methods:

  • Debit card
  • Bank transfer
  • POLi
  • PayID
  • Osko

Deposit and withdrawal limits: Swyftx requires a minimum of AUD 30 to deposit and a minimum of AUD 30 to withdraw. 

The maximum amount you can deposit or withdraw depends on payment methods and how much you have verified in your account.

Swyftx Withdrawal Fees

The Swyftx exchange platform does not charge any fees when withdrawing AUD. You can get your AUD into your bank account instantly.

For withdrawing crypto, you only pay the standard network or mining fees that the wallet handlers charge for processing the crypto transfers. It does not charge any additional fees for withdrawing crypto.

Swyftx Trading Fees

Swyftx charges a fee of 0.6% for every trade you make on the platform. This means buyers and sellers pay the same fee when they trade crypto assets. You can get a discount on your trading fee if you trade with a high volume.

Swyftx Spreads

It has global sources of liquidity that let them offer very competitive spreads, as low as 0.41%. That’s much better than other platforms, which can charge up to 4% for spreads.

Swyftx’s average spread is around 1.7%, which is very reasonable. And the best part is that you can see the exact spread before you trade, so there are no surprises. The Swyftx trading fee is separate from the spread. It would be best if you considered both when you trade.

MEXC Banner Ads - 970x90

Swyftx supported Assets

The Swyftx platform has more than 310 different digital assets. It also offers AUD trading pairs for all supported coins. They also have some of the newest and hottest projects in the crypto space, such as DeFi, stablecoins, NFTs, and more. You can browse their app by category to see what they offer.

Some of the popular cryptocurrencies are:

  1. Bitcoin
  2. Ethereum
  3. Binance Coin
  4. XRP, Cardano
  5. Dogecoin
  6. Solana
  7. Polygon
  8. TRON
  9. Litecoin
  10. Chainlink

One of the best things about Swyftx is its liquidity. They say they have one of the best liquidity in Australia because they use global partners and smart algorithms to get accurate prices and fees for their customers.

You can also use USD as your base currency, which means you can avoid the price swings and slippage that can happen with AUD. However, Swyftx is not well known for listing low market cap coins, but still, you can find some new projects with promising future potential.

Swyftx Logo

User Score


High Liquidity and Volume


Trade with Multiple Currencies

Swyftx Features Review

Here are some important features of the Swyftx cryptocurrency exchange:

  1. Demo mode to practice your trading skills
  2. Swyftx Learn platform to get quality education and analysis on crypto and blockchain
  3. Swyftx bundles to buy different coins at once and diversify your portfolio
  4. Recurring order for automatic buying
  5. Crypto SMSF accounts for investing in digital assets
  6. Tax reporting and CSV file download
  7. Tradingview chart integration for technical analysis
  8. Staking and Earn (Currently, it is paused due to regulations)
  9. High fund security with multi-factor authentications 
  10. Easy-to-use platform with a user-friendly interface
  11. Swyftx mobile app for iOS and Android

Let’s understand some of its important key features in more detail:

Swyftx Key Features

1. Demo Account

Demo Mode lets you learn how to trade Bitcoin and other digital currencies without risking real money.

You can activate it from the top-right corner of your screen and get $10,000 of fake virtual currency to try out different crypto coins.

You can also restart your demo balance whenever you want. Demo Mode is a great way to practice your skills, explore different coins, and gain confidence while getting familiar with the crypto market.

2. Swyftx Learn

Swyftx Learning Program

Swyftx Learn is a crypto education platform. It offers you many articles such as Australian crypto tax, Intro to Bitcoin, and Intro to Cryptocurrency. You can learn at your own pace and style and take quizzes to examine your knowledge.

You can also track your progress and earn rewards as you finish each module. Swyftx Learn is a great way to improve your crypto knowledge and skills.

3. Swyftx Bundles

Swyftx Bundles Feature

Bundles are a convenient way to buy multiple coins at once. Swyftx offers different types of bundles based on criteria such as “Swyftx Top 10 by Market Cap”, “Swyftx Top 10 by Volume”, “Swyftx DeFi Bundle,” and more.

When you buy a bundle, your money will be distributed equally among the coins in the bundle, depending on their market value.

You can also make your bundle and choose which assets to include or exclude. Bundles let you spread your risk, reduce trading costs, and diversify your portfolio.

4. Recurring orders

With these orders, you can buy crypto automatically by depositing money as often as possible.

You can choose any crypto asset and set a fixed amount, frequency, and time for your orders. You can also cancel or change your orders at any time.

The minimum amount for a recurring order on Swyftx is $30. This way, it helps you automate your crypto purchases and save time.

5. SMSF accounts

Smsf Accounts Feature

If you want to use your self-managed super fund (SMSF) to buy and sell crypto assets, you can open an entity account with Swyftx.

An SMSF is a fund that lets you choose your investments and insurance for your retirement. The ATO treats crypto assets as CGT assets, meaning you must pay tax on every transaction. But with an SMSF, you can enjoy a low tax rate of 15% for income and 10% for long-term gains.

To get started, you need a personal account on Swyftx and a copy of your SMSF deed summary page or extract. You also need to ensure that everyone involved in your SMSF has personal accounts on Swyftx. 

6. Tax Reporting

Tax Reporting Featured

The Swyftx tax reporting feature lets you export your transaction history as a CSV or PDF file. You can use this file to report and calculate your crypto taxes to the ATO or IRD, either on your own or with the help of crypto tax software.

Swyftx also shares your information with the tax authorities to comply with legal requirements. The tax reporting feature helps you keep track of your taxable transactions, such as income and disposals from crypto.

However, it does not give you a detailed tax report or calculate your capital gains or losses for each transaction. You may need to use crypto tax software like Koinly or CoinLedger.

Related Article: Crypto Tax Loss Harvesting Guide

7. TradingView charts

Swyftx lets you use TradingView features to create and analyze charts on its platform. Using tools and indicators to study the crypto market’s trends, you can trade and chart simultaneously.

This feature lets you draw lines, shapes, and patterns on your charts and use other technical analysis indicators.

With Swyftx and TradingView, you can make informed decisions based on powerful charting and analysis functions.

8. Staking

Swyftx stopped the staking and earning features in January 2023. This means you can’t get rewards by holding some coins in your Swyftx wallet. It was due to the regulatory landscape in Australia.

9. Security

Swyftx has implemented various security features to safeguard your assets and data, such as:

  1. JWT tokens and session expiry: These are unique codes that you get when you log in and will expire after a while. They prevent anyone else from accessing your account without your permission.
  2. 2FA account protection: This extra security step asks you for a code from your device every time you log in. It makes it more difficult for hackers to get into your account.
  3. Breached password detection: A feature that alerts you if your password has been leaked on other websites and tells you to change it. It lowers the risk of identity theft and fraud.
  4. Third-party security auditors: External experts that check Swyftx’s security practices and recommend improvements. They ensure that Swyftx follows the best industry standards and complies with regulations.
  5. External penetration testing: These are simulated cyberattacks on Swyftx’s platform and app to find and fix any weaknesses. They improve Swyftx’s resilience and reliability.
  6. Least privileges security model internally: This is a policy that limits the access of Swyftx’s staff to the minimum amount of data and resources they need to do their job. It prevents unauthorized or accidental disclosure of sensitive information.
  7. Know Your Customer’ (KYC) and customer account verification: These requirements ask you to provide proof of identity and address when signing up for Swyftx. They prevent money laundering, terrorism financing, and other illegal activities.
  8. Cold Storage: It recommends that customers use cold storage wallets like Ledger and Trezor for longer-term HODLers.

10. Swyftx User Experience: Is it Easy to Use?

Swyftx is a user-friendly platform for trading various kinds of cryptocurrencies. Many users have given positive feedback about their experience with Swyftx. They like that Swyftx is easy to use, fast, helpful, and responsive.

After exploring Trustpilot reviews for Swyftx, we have found that some of the aspects that users enjoy are:

  1. Low trading fees that Swyftx charges compared to other exchanges
  2. Quick Osko transfers for withdrawals and deposits
  3. High-quality user interface and chat
  4. Wide selection of crypto coins on the Swyftx app

However, some users also have some issues with Swyftx, such as:

  1. The high spread on some currency pairs
  2. The account cancellation without valid reasons 

11. Swyftx Mobile App

Swyftx Mobile App Feature

The Swyftx app works on both iOS and Android phones, and you can get it from the official website. The mobile app is a reliable and safe way to trade crypto.

You can automatically track your portfolio, buy, sell, swap multiple coins, and customize your settings. You can choose from over 310 trading pairs with competitive fees and quick transactions. 

MEXC Banner Ads - 970x90

Swyftx Customer Support

It offers excellent customer service. Swyftx has a live chat support feature that allows users to get quick and helpful answers. You can also contact Swyftx via email or an online ticketing system for more complicated queries or problems.

You can find solutions to various questions and issues related to the platform, account, security, deposit, withdrawal, trading, and more in the online support center of Swyftx.

Therefore, Swyftx has a high-quality customer support system available 24/7 and covers various topics and issues related to the platform and crypto trading.

How to Contact Swyftx Customer Support?

You can contact the support team through the following methods:

  1. Swyftx contact number: +61 730887633
  2. Email:
  3. Live chat support on its platform
Swyftx Logo

User Score


High Liquidity and Volume


Trade with Multiple Currencies

How to Get Started with Swyftx?

Step 1: Register an Account

Go to the official website of the Swyftx exchange and click on the “Sign Up” button in the top right corner. Enter your email, name, phone number, and password. Accept the terms/conditions and click “Continue”.

Step 1 To Register A Swyftx Account

Step 2: Complete KYC Verification

Complete Kyc Verification On Swyftx Crypto Exchange

Upload a photo of your ID and a selfie to verify your identity. It may take up to one hour for the verification process. This is a legal requirement and will keep your account safe.

Step 3: Deposit Funds

Add funds or crypto to your Swyftx wallet. You can use Australian or New Zealand dollars from your bank account or transfer crypto from another Defi wallet.

  • For deposits in AUD, you can use bank transfer or PayID to deposit at least AUD 30 and up to AUD 50,000 per day. You can also use a card deposit to deposit at least AUD 75 and up to AUD 10,000 per day and AUD 60,000 per month.
  • For withdrawals in AUD, you can use bank transfer to withdraw at least AUD 30 and up to ADU 50,000 per day.
  • For crypto deposits, there is no limit on how much you can deposit, but you may have to pay network fees depending on the asset and network you use.
  • For withdrawals in crypto, the minimum amounts vary depending on the asset and the network you choose. The maximum limit is AUD 50,000 equivalent per day for crypto withdrawals. You will also have to pay network fees for withdrawing crypto.
Deposit Funds To Swyftx Exchange

Step 4: Start Trading

Start buying or selling crypto! You can use different types of orders, like instant, trigger, or recurring. You can also exchange one crypto for another or buy crypto bundles.

MEXC Banner Ads - 970x90

Alternatives to Swyftx Crypto Exchange

If you are looking for an alternative crypto exchange in Australia to Swyftx, you have many options to choose from. But some of the top Australian crypto exchanges are Coinspot, Binance, and CoinJar.

Debit Card DepositsYesYesNoYes
Trading Fees0.6%0.1%0.1%0.06%
KYC requiredYesYesYesYes
Demo AccountYesNoNoNo
Crypto Assets310+390+350+50+
Fiat Pairs for All CoinsYesYesYesYes
Mobile AppYesYesYesYes
  • Coinspot is one of the most popular and trusted crypto platforms in Australia. It lets you buy and sell over 390 coins, more than Swyftx. It also charges less fees of 0.1% compared to 0.6% by Swyftx.
  • Binance is another best crypto exchanges for margin trading in the world, and it offers a lot of services and products, such as futures, margin, staking, lending, and more. It has very cheap trading fees (0.1%) and hundreds of coins to trade. But it is not based in Australia and does not have the best customer support or regulation for Australian users.
  • CoinJar is the oldest platform which has a nice and easy-to-use platform. It supports over 50 coins and gives you a CoinJar Card that you can use to spend your crypto anywhere that accepts EFTPOS. But it charges 1% for instant transferring between cryptocurrency wallets and 0.06% for takers in CoinJar Exchange, and it has fewer coins than Coinspot or Binance.

Related Article: Swyftx vs CoinSpot (2023): Fees, Security and Supported Coins


To sum up this review, Swyftx is the best option among Australian exchanges for crypto enthusiasts who want a trustworthy, easy-to-use, and affordable exchange.

Its features include buying and selling services, earning interest, SMSF accounts, and over 310 cryptocurrencies.

Swyftx also provides outstanding customer service, high trading volume, and low spreads. The platform follows AUSTRAC and KYC/AML rules, ensuring a secure and legal trading platform.

Whether you are new or an expert, Swyftx is worth consideration for your crypto goals.

Swyftx Logo

User Score


High Liquidity and Volume


Trade with Multiple Currencies

MEXC Banner Ads - 970x90


Is Swyftx safe?

Swyftx is a safe crypto platform that uses various features to protect its customers’ funds and data. These features include data encryption, biometric authentication, cold storage, KYC verification, and consistent data and traffic monitoring.

Is Swyftx Regulated?

Yes, Swyftx is registered with AUSTRAC as a crypto exchange service and follows the AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing) laws in Australia and New Zealand.

It also has a strong AML/CTF Program that is checked regularly to make sure it is safe and compliant.

Is Swyftx a good trading platform?

Yes, Swyftx is a good trading platform for users who want to invest in crypto. It has a fast and simple process to register, verify, deposit funds, and begin trading. It also has a user-friendly interface, high liquidity, and access to over 310 cryptocurrencies.

Swyftx also offers educational resources, such as courses, articles, and videos, to help beginners learn more about crypto and blockchain.

What are the risks of Swyftx?

Swyftx needs other service providers to run its platform. For example, exchanges, custodians, and network providers. If they have any problems or failures, Swyftx may not work well or safely.

Crypto assets also have different and unclear laws and regulations in different countries. Coins are stored in digital wallets that require passwords or keys to access. If you forget your password or key or someone hacks or steals your wallet, you can lose all your digital assets.

MEXC Banner Ads - 300x250