Swyftx Evaluation 2022 | Finest Crypto Currency Exchange for Australia Market

By now, everyone has actually found out about cryptocurrency, and you are most likely looking at buying some yourself. The next huge question is where to purchase your crypto, and Swyftx is among the big names in Australia. That's why we are glad to evaluate Swyftx, an Australian-based business that has full-service cryptocurrency features.

From beginners to seasoned traders, Swyftx is perfect for anyone in Australia trying to find a low-fee crypto trading platform with over 310+ coins. Cryptocurrency is an crucial financial investment tool to diversify your portfolio in altering times, and Swyftx can help you enter the market.

What is Swyftx?

Swyftx is an Australian-grown company, based in Brisbane. Listed below, we'll lay out some bullet points, then carry on to the features and review.

  • Offered at www.swyftx.com.au, or through their mobile app
  • Many deposit options: bank transfer, POLi, Credit/Debit card, OSKO, PayID, or cryptocurrency
  • Trading charges of 0.6%, and low spreads averaging 0.51%.
  • No deposit or withdrawal fees.
  • RELEASE $20 Bitcoin when you sign up with this link.
  • Base currency is AUD.
  • Over 310+ cryptocurrencies supported, including BTC, ETH, ADA, DOGE.
  • Reviewed online as the runner-up best exchange for Australians.
  • Staking on 16 coins to earn interest as you HODL.
  • Outstanding” ranking on Trustpilot based upon over 3,000 evaluations.
  • Check out swyftx.com.

Functions for Beginners.

A great deal of individuals are becoming interested in cryptocurrency, however they might not have anyone to ask about how to start. Perhaps they do have buddies or colleagues that have been into crypto for a while, however they're worried they will appear like a fool asking silly questions. Cryptocurrency can be an challenging field to enter, and since it has been popular for a couple of years now, it can be hard to know where to jump in. Swyftx makes it easy with their user-friendly user interface and the following functions.

Demonstration mode.

The fantastic thing is that Swyftx is so simple for novices to use, and they even have a free Demo Mode that you can access once you open an account. You can discover how to trade cryptocurrency with their safe simulation, which provides you $10,000 of play money. It's an amazing way to gain hands-on experience without needing to venture any of your own funds. The Demonstration Mode even mimics real-life circumstances, like how the marketplace will react and what the investments will suggest to your liquid assets.

Find out more about crypto by checking out short articles.
If you're more into reading posts, they have a whole Learn section on their site. This page is filled with thorough articles on everything from understanding the market cycles of Bitcoin to how to establish strategies for investing.

This sort of details is useful for any level of financier, from a novice to a pro. And it also states something about Swyftx: they're bought your financial investment success. Lots of cryptocurrency exchanges are just thinking about pushing a certain currency, or are just trying to draw in a high volume of consumers. Swyftx is wanting to grow their customers by helping you succeed.

Trade quickly with AUD.
Another included advantage of Swyftx is that you can purchase immediately with your Australian Dollar. Being an Australian based company, they understand how buying and selling globally can be hard. That's why it is necessary that their portal doesn't need you to exchange your AUD for USD or Euro.

Live Chat assistance.
Being based in Australia has actually also made it easy for Swyftx to provide Live Chat support for their customers. One customer even tested out the Swyftx Client Assistance, and he ranked it as excellent. Having live chat on hand is so handy for newcomers to crypto, due to the fact that it an be really confusing sometimes. The friendly assistance staff will help you on your journey.

Mobile app.
Another excellent function of Swyftx is their mobile app, readily available for Android or iOS. Having the app convenient methods you do not need to fret about getting to your computer system anytime you see a advancement in the crypto world. Trading in any market can be difficult, and success can depend on having updated details and being able to act fast. Having the app right on your phone indicates you can serve as fast as you can open your phone.

Staking is an exceptional function that has been added to Swyftx towards the end of 2021. It allows crypto investors to make interest on 16 coins simply by holding it in their Swyftx account. This is a great method for both beginners and innovative financiers to increase the amount of crypto they own, without any danger at all.


Functions for Skilled Traders.
For those who are already well on their way to being skilled crypto traders, Swyftx is still the Australian business to go with. They offer a plethora of tools to help enhance active trading.

Portfolio Tracking.
One essential tool is their Portfolio Tracking, which rests on the side panel of your screen. This assists you see real-time revenue and loss throughout all of your investments. This makes it much easier to browse whatever heading you're reading, or hot tip you're attempting to pick acting upon.

Repeating Orders.
Speaking of acting, if you're into automated functions, Swyftx also uses Recurring Orders. If you have a system and want to sit back and see it work, let Swyftx assist you make that take place. By setting your investments to repeat, your deposits in Swyftx will immediately roll over into the set investment purchases you've set into it.

Tax Reporting.
Swyftx likewise has Private Tax Reporting, which you can set to generate a report for any given period. Whether you're attempting to secure a personal loan for a large purchase, or you have a diversified financial investment portfolio, it is nice to have a customised tax report produced, currently in AUD. This indicates your accounting professional, or your own calculator, will thank you when it's time to pay taxes on your returns.

Coin Swap.
Coin Swap is another functions on Swyftx, permitting you to exchange any crypto in your portfolio for another currency in their list. That can make arranging your portfolio a lot quicker and much easier.

Actual Time Rates.
Swyftx also provides some functions that every pro trader is going to search for. They have Actual Time Rates and API, which indicates you will not get stuck holding a coin that's cheapening while you're waiting on the upgrade. You can also Incorporate Trading Charts for all your favourite currencies, which suggests you won't have to jump between pages tracking just a couple of currencies you're actually interested in.

Automatic Buys and Sells.
Users can set Automatic Buys and Sells on the Swyftx platform. You won't have to stress over losing out while you're asleep due to the fact that the crypto market deviated on your favourite coin. You can set Swyftx to purchase or sell specific amounts based on any trigger rate you set.

OTC Desk.
For the severe trader or high net worth person or corporation, Swyftx likewise uses OTC services and assessments. You can reserve a assessment right from the link supplied, on their site.

Crypto Bundles.
To diversify your cryptocurrency investment, you can Bundle your portfolio purchases with one of 7 curated collections of cryptocurrency. This works likewise to the old-school approach of Index Stocks, where you can buy a small piece of a variety of companies based in one index. Swyftx monitors the marketplace to discover bundles that work for your investment goals.

Negatives of using Swyftx
No advanced markets.

If you are a severe crypto trader, you will most likely discover that Swyftx doesn't offer sufficient innovative trading choices for you. If you are after advanced trading tools and more markets, I recommend you utilize a crypto exchange like Binance. Binance has lots of markets you can access, like futures, margin trading, P2P and even an NFT market, which are unavailable on Swyftx.

Swyftx Fees
Swyftx provides fantastic features and services, and they have actually handled to do it with reasonably low charges. There is no deposit or withdrawal charge, as much as $100,000 AUD each day.

They also provide a 0.6% trading fee, with discount rates for high-volume trades. There are no trade limitations, and spreads out as low as 0.45%. According to a third-party test by credible crypto exchange evaluation site, Market Fairness, Swyftx has the second lowest charges and spreads in Australia. The low spread is very important to keep in mind; some exchanges will mention they have 0% trading fee, however their spreads are much broader, and the fees are concealed there. If you are not sure what the term ‘spread' suggests, click here to read our article explaining spread in crypto.

Swyftx is transparent about their fees and services. For example, they note their rivals' fees right on the Swyftx website. You can likewise see they have the highest TrustPilot rating of any other business, and the only one that uses a free Demonstration Account.

As we mentioned above, Swyftx has actually had no security breaches given that they founded the company. Not just do they have an “Excellent” rating with TrustPilot, they've likewise been identified by such outlets as the Queensland Times, The Australian, and Service Expert, Australia.

In addition to that, for the more technically minded, Swyftx uses JSON Web Tokens and KYC confirmation. They likewise have Biometric and 2FA account authentication and security. They utilize a professional, 3rd party security auditor and go through external penetration screening. Lots of traditional banks do not offer that level of security.

Swyftx is right now just doing business for Australians and Kiwis. However in an effort to broaden the network for their users, they're working on branching out to the UK and Canada. That implies two important things for financiers.

The first thing is that Swyftx is wanting to the horizons. Among the aspects of cryptocurrency that makes it so practical is that it isn't constrained by the synthetic limits of traditional investing. Swyftx is wanting to expand their brand name of exceptional service and progressive trading to brand-new markets.

The second reason this is essential is that for the Australian financier, entering Swyftx now will assist you broaden your investments into other currencies as Swyftx expands. By joining now, you can make sure your portfolio grows as Swyftx grows.

Benefits and drawbacks of Swyftx


  • You can utilize your credit or debit card for withdrawals or deposits
  • There are over 310 supported cryptocurrencies
  • Staking on 16 various coins
  • Live Support with genuine individuals
  • Free Demonstration Mode for newbies
  • Advanced features for knowledgeable traders
  • Low combined trading fees and spread
  • Developed, safe and secure business


  • No advanced trading markets such as futures or margin trading.
  • Just offered in Australia and NZ.

We did our research into cryptocurrency exchanges, which likewise meant doing our research study into the cryptocurrency industry. What we found is that it's important to discover a platform that you can rely on, which works reliably.

In the end, we've picked Swyftx as one of the very best platforms for the Australian financier. We discovered this to be especially real for the first time or new investor. Swyftx provides services and functions that, honestly, we didn't see on any other platform, and they offer these for a really competitive charge.

With over 310+ coins on their list, top-quality security features, staking on 16 coins, a demo mode, live assistance, and $20 free Bitcoin to begin, we can't recommend Swyftx extremely enough. Their low fees and spreads are just another element that causes them being one of the best alternative for Australian crypto financiers.

Is Swyftx safe?
Swyftx is safe as it has actually bought security procedures much better than a number of their rivals. This gives you assurance that your possessions with them will be secure.

Is Swyftx a excellent option for knowledgeable traders?
Swyftx is perfect for traders of any level. We focused some of our attention on newbies just for the functions of this short article, but the reality is, Swyftx is ideal for investors of any level. In fact, they can manage trades of over $100,000 through their unique OTC Consulting. This service includes access to liquidity service providers around the globe.

Can I trust Swyftx?
Yes you can trust Swyftx, and over 500,000 individuals already trust their platform by having accounts with them. Not just that, however over 3,000 customers have actually felt so good about their experience that they have actually rated them on TrustPilot with an ” Outstanding” score.

What safeguards remain in place for me?
Swyftx and other digital currency exchanges are controlled and accredited; if they're not, you should not trust them. Swyftx is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), and adhere to all regulatory agencies to prevent money laundering, scams, and terrorism financing.