Swyftx Review 2025

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.

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.

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.

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.

Swyftx Fees & Commissions

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

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:

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 Android
• Swyftx iOS

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:

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).

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:

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:

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:

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.