Sinan  Aydın

Reviewer:

Sinan Aydın
Nino  Gogochashvili

Fact checker:

Nino Gogochashvili
Modified:

Swyftx Review 2025

Swyftx Review 2025
Company:Swyftx
Headquarter:

Queensland, Australia

Founded:2018
Coins:440
US Accepted:
Max Leverage:1:1
Crypto RewardsTax ReportsCrypto-based SMSFsSpot TradingCrypto BundlesAuto Invest

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Swyftx is a crypto exchange based in Queensland and led by CEO Jason Titman. The company is regulated by AUSTRAC and holds an ISO 27001 certificate. It offers 30% referral commissions, an Auto Invest feature (minimum amount: AUD 1), and Crypto-based SMSFs.
Contact
Milton, Brisbane, Queensland, Australia
Rank and Score
Pros and Cons
User Levels
Pros
User-friendly interface
Diverse trading options (instant buy/sell, trigger orders, recurring orders)
Integrated tax reporting tools
Strong security measures (2FA, data encryption)
Cons
Limited geographic availability
No margin or futures trading
Lack of copy trading features
Limited NZD deposit methods
score of blog
5 From 5.0
(1)
Rate this post
442

Swyftx offers 440+ cryptocurrencies with a trading fee ranging from 0.1% to 0.6%. The company has partnered with Fireblocks and Chainalysis for additional security.

The minimum deposit and minimum trade size are AUD 30 and AUD 1, respectively.

Swyftx; An Introduction to the AUSTRAC-Registered Crypto Exchange

Swyftx Pty Ltd. is an Australian-owned and operated cryptocurrency exchange founded by Alex Harper and Angus Goldman in 2018.

Swyftx
Swyftx has more than 800,000 users across ANZ region

The company is affiliated and partnered with Blockchain Australia, Tech Council of Australia, and FinTech Australia. Key features of Swyftx:

  • Registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC)
  • Crypto purchase with AUD and NZD deposits
  • Cryptocurrency in Self-Managed Super Funds (SMSFs)
  • OTC trading

Swyftx Exchange Specifications

The company is the official sponsor of the Brisbane Lions Australian rules football club. Let’s see what features Swyftx has to offer and if it can fit among Crypto exchanges.

Exchange

Swyftx

Launch Date

2019

Levels

10 levels from Regular to VIP 9

Trading Fees

0.1% – 0.6%

Restricted Countries

Only available in Australia and New Zealand

Supported Coins

440+

Futures Trading

No

Minimum Deposit

AUD 30

Deposit Methods

Crypto, Bank Transfer, Credit / Debit Cards, PayID

Withdrawal Methods

Crypto, Bank Transfer

Maximum Leverage

1:1

Minimum Trade Size

AUD 1

Security Factors

Cold Storage, Holding clients’ funds on a 1:1 basis, Data encryption, Two-Factor Authentication (2FA), Biometric Authentication, Compliance with ISO 27001

Services

Spot Trading, Auto Invest, Crypto Bundles, Tax Reports, OTC Market, Crypto Rewards, Crypto-based SMSFs

Customer Support Ways

Live chat, Chatbot, Email, Call

Customer Support Hours

24/7

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

Market

Native Token

No

Swyftx Upsides & Downsides

Offering a $10,000 demo account with access to 320+ digital assets is one of the advantages of this Swyftx review. Let’s weigh the exchange’s pros against its cons.

Pros

Cons

User-friendly interface

Limited geographic availability

Diverse trading options (instant buy/sell, trigger orders, recurring orders)

No margin or futures trading

Integrated tax reporting tools

Lack of copy trading features

Strong security measures (2FA, data encryption)

Limited NZD deposit methods

Swyftx User Levels

The platform has implemented a 10-tier user level system to offer fee reductions based on 30 days trading volume, which is recalculated every hour.

Tier

30D Trade Volume (AUD)

Regular

< 100K

VIP 1

>= 100K

VIP 2

>= 300K

VIP 3

>= 400K

VIP 4

>= 500K

VIP 5

>= 1M

VIP 6

>= 3M

VIP 7

>= 4M

VIP 8

>= 5M

VIP 9

>= 6M

Swyftx Fees & Commissions

The company’s trading fees start from 0.6% and are reduced based on the user’s trade volume.

Swyftx Crypto Withdrawal Fees
A look into the Network fees for crypto withdrawals on Swyftx

Swyftx has competitive spreads starting from as low as 0.41% on major assets like Bitcoin, with the platform’s average spread hovering around 1.7%, substantially lower than the 4% average reported for some competitors.

While AUD withdrawals are charge-free, NZD payouts incur a $10 fee. Swyftx trading costs:

User Level

Trading Fee

Regular

0.60%

VIP 1

0.55%

VIP 2

0.50%

VIP 3

0.45%

VIP 4

0.40%

VIP 5

0.35%

VIP 6

0.30%

VIP 7

0.25%

VIP 8

0.20%

VIP 9

0.10%

Swyftx Exchange Digital Assets

In this Swyftx review, we must mention that the exchange offers an extensive selection of over 440 crypto assets, including:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • USD Tether (USDT)
  • XRP
  • Binance Coin (BNB)
  • Solana (SOL)
  • Dogecoin (DOGE)
  • Cardano (ADA)
  • Chainlink (LINK)

Futures and Margin Trading

It's important to note that Swyftx does not offer margin or futures markets. This aligns with their focus on providing a secure and straightforward trading experience, especially for beginners.

Sign Up and Verification on Swyftx

Registering an account with the exchange requires phone number/email verification and completing the KYC procedure. Verification has 3 levels, including KYC 0, KYC 1 (Gold), and KYC 2 (Diamond).

#1 Open the Platform's Website

For the first step, visit the Swyftx official website and click on “Get Started” to be navigated to the next stage.

#2 Complete The Form

Enter your information in the sign-up form as required. Then, verify your email address and phone number.

Afterwards, set up a strong and unique password for your account.

#3 Go Through the KYC Process

  1. Complete the KYC 0 by answering an agent’s call;
  2. Provide a photo of your ID card and a selfie for KYC 1;
  3. Declare the purpose of your account and source of income (bank statement, Payslips, or ATO Notice of Assessment) for KYC 2.

Note that all withdrawals are suspended till the completion of KYC Diamond.

Swyftx App and Trading Platform

The exchange offers access to TradingView charts and tools through its proprietary web-based platform and mobile application. Syftx download links:

Swyftx Application
Swyftx is number 46 on Apple App Store Finance Apps’ list with a 4.5 rating

TradingFinder has developed various TradingView indicators that you can access for free.

Swyftx Exchange Security

Swyftx has maintained an unblemished security record since launching in 2019, with zero reported hacks or breaches.

The company holds an ISMS certification meeting standards of ISO 27001. It also has partnered with Fireblocks and Chainalysis to add to its safety. Swyftx security measures:

  • Cold Storage
  • Holding clients’ funds on a 1:1 basis
  • Data encryption
  • Two-Factor Authentication (2FA)
  • Biometric Authentication
  • Compliance with ISO 27001

The website also has a page called the “Latest Scams” featuring the most recent scam attempts reported by customers.

Swyftx Deposit & Withdrawal [AUD Bank Transfer, Crypto]

The company supports Crypto, AUD, and NZD payments. Fiat deposits can be made via various methods, including:

Deposit Method

Currency

Min Deposit

Deposit Fee

Bank Transfer

AUD

30

0

Credit / Debit Cards

AUD, NZD

AUD 91, NZD 95

1.99%

PayID

AUD

30

0

Note that withdrawal of the Australian Dollar and New Zealand Dollar can be done only through bank transfers. The minimum withdrawal limit is AUD 4 and NZD 30.

Client Ratings

There are 4,937 Swyftx reviews on Trustpilot and the majority of them are positive. The company has an excellent score of 4.5 out of 5 with 94% of comments being positive (4-star and 5-star).

Swyftx Trustpilot
A look into Swyftx profile on Trustpilot

Less than 5% of reviews on the Swyftx Trustpilot profile are negative (1-star and 2-star), and the company hasn’t replied to any of them.

Swyftx Features

The table below will show an overview of the exchange's products and services:

Staking

No

Yield Farming

No

Social Trading

No

Liquidity Pool

No

Crypto Cards

No

How to Reach Support?

The exchange prides itself on providing 24/7 support. It also offers a 30-minute free consultation through the “Book A Call” feature. Swyftx support channels:

Email

hello@swyftx.com.au

Tel

1800 865 216

Chatbot

Access to the company’s help center

Live Chat

Ask the chatbot to connect you to an agent

Swyftx Exchange Growth Plans

In addition to Spot and OTC markets, the platform provides various investment and growth plans, from Crypto Bundles to Rewards.

  • Crypto Bundles: Curated selection of various digital assets
  • Auto Invest: Automatic purchase of selected assets in pre-defined intervals as low as AUD 1
  • Crypto Rewards: $5 worth of BTC as a prize for completing the “Learn & Earn” course and enabling 2FA and many more rewards
  • Affiliate: 30% of the referred clients’ trading costs as referral commission

Also, Swyftx supports automated investing through a recurring orders feature, allowing users to implement a dollar-cost averaging (DCA) strategy. With DCA, investors can schedule automatic crypto purchases at regular intervals — ideal for building a portfolio gradually without trying to time the market.

While there are multiple growth plans on Swyftx, the exchange doesn’t offer copy trading or social trading features.

Prohibited Countries on Swyftx

Swyftx's services are exclusively available to residents of Australia and New Zealand. The company only supports AUD and NZD payments and the ANZ region's local financial systems.

Swyftx Compared With Major Exchanges

In this section, the discussed platform will be compared to 4 prominent players based on 11 important parameters:

Parameters

Swyftx Exchange

HTX Exchange

Bybit Exchange

Binance Exchange

Number of Assets

440+

700+

1300+

400+

Maximum Leverage

1x

1:200

1:100

125x

Minimum Deposit

30 AUD

1 USDT

N/A

$1

Spot Maker Fee

0.1% – 0.6%

0.0126% - 0.2%

0.005% - 0.1%

0.02% - 0.1%

Spot Taker Fee

0.1% – 0.6%

0.0218% - 0.2%

0.015% - 0.1%

0.04% - 0.1%

Mandatory KYC

Yes

Yes

Yes

Yes

Futures Trading

No

Yes

Yes

Yes

Mobile Application

Yes

Yes

Yes

Yes

Fiat Payment

Yes

No

Yes

Yes

Staking

No

Yes

No

Yes

Copy Trading

No

Yes

Yes

Yes

Writer's opinion and conclusion

Swyftx provides Crypto Spot and OTC trading against AUD and NZD fiat currencies. It supports PayID/Credit card deposits and Bank Transfer withdrawals (minimum amount: AUD 4 or NZD 30).

The exchange has a score of 4.5 on Trustpilot and only accepts clients from Australia and New Zealand.

FAQs

What is Swyftx and where is it based?

Swyftx is an Australian-owned cryptocurrency exchange founded in 2018. It operates exclusively in Australia and New Zealand, providing crypto spot trading, OTC desk services, and various investment tools like auto-invest and crypto bundles. It is registered with AUSTRAC and complies with ISO 27001 security standards.

How many cryptocurrencies can I trade on Swyftx?

Swyftx supports trading of over 440 cryptocurrencies, including major coins like BTC, ETH, USDT, XRP, and ADA. This wide selection makes it one of the more comprehensive offerings among Australian-based exchanges.

Does Swyftx support fiat deposits and withdrawals?

Yes. Users can deposit and withdraw AUD and NZD via methods like bank transfer, credit/debit card, and PayID. Withdrawals are only available via bank transfer, with AUD withdrawals being free and NZD withdrawals incurring a $10 fee.

What are the trading fees on Swyftx?

Trading fees range from 0.6% for Regular users down to 0.1% for VIP 9 users, depending on 30-day trading volume. This dynamic fee structure encourages active trading by offering progressive discounts.

Is Swyftx safe to use?

Yes. Swyftx employs a 1:1 custody model, cold storage, 2FA, biometric login, and data encryption. It also partners with Fireblocks and Chainalysis, ensuring a high standard of operational security with zero breaches since 2019.

What is the minimum deposit and trade size on Swyftx?

The minimum deposit is AUD 30, and the minimum trade size is AUD 1. This low entry threshold makes the platform accessible to casual and new investors.

Does Swyftx offer futures or margin trading?

No, Swyftx is strictly a spot exchange and does not provide futures or margin trading. Its focus is on simplicity and security, catering to beginners and long-term investors.

How do Swyftx’s spreads compare to other exchanges?

Swyftx offers spreads as low as 0.41% on BTC, with an average around 1.7%, significantly lower than the industry average of 4% on some competing platforms. This makes it more cost-effective for large trades.

What is the VIP program on Swyftx?

Swyftx has a 10-level VIP system offering reduced trading fees based on 30-day trading volume. For instance, trading over AUD 6M/month qualifies for VIP 9 status with just 0.1% fees. Volume is recalculated hourly.

What types of orders are available on Swyftx?

Swyftx supports instant buy/sell, trigger orders, and recurring orders for DCA strategies. However, it does not support advanced order types like trailing stop or OCO.

Is there a demo account on Swyftx?

Yes. Swyftx provides a $10,000 demo account that mirrors live market conditions and includes access to over 320 crypto assets. It’s ideal for beginners to practice trading without risk.

How is the KYC process on Swyftx structured?

Swyftx uses a three-tier KYC process: KYC 0 (phone verification), KYC 1 (ID + selfie), and KYC 2 (proof of funds). All withdrawals are blocked until KYC 2 (Diamond) is completed.

What is Auto Invest on Swyftx?

Auto Invest is a tool allowing users to set up recurring crypto purchases starting from AUD 1. It facilitates dollar-cost averaging (DCA), ideal for reducing volatility exposure over time.

Can I use Swyftx outside Australia or New Zealand?

No. Swyftx restricts its services to residents of Australia and New Zealand only. This limitation is due to regulatory compliance and local financial integration.

Does Swyftx have a native token?

No, Swyftx does not issue or operate a native token, unlike some global competitors such as Binance (BNB) or KuCoin (KCS).

What kind of support does Swyftx provide?

Swyftx offers 24/7 support via live chat, chatbot, email, phone, and a “Book A Call” feature for free consultations. Most issues are resolved efficiently, contributing to their 4.5/5 Trustpilot rating.

Are there any rewards for using Swyftx?

Yes. Swyftx offers Crypto Rewards like $5 in BTC for completing tutorials or enabling 2FA. These gamified incentives enhance user engagement and platform retention.

Does Swyftx offer staking or DeFi features?

No. Swyftx does not support staking, yield farming, or liquidity pools. It’s focused on simplified spot trading and secure investing tools rather than DeFi integrations.

Can I integrate Swyftx with TradingView?

Yes. Swyftx has TradingView chart integration in its mobile and web platforms, offering access to professional-grade charting tools and indicators developed by TradingFinder.

What is Swyftx’s reputation among users?

With over 4,900 reviews on Trustpilot and a score of 4.5/5, Swyftx enjoys a strong reputation. About 94% of reviews are positive, reflecting satisfaction with usability, support, and features.

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