Swyftx Review 2021: Security, Fees & Special Features

The web’s most detailed Swyftx review: One of Australia’s most popular cryptocurrency exchanges for buying, selling, and trading coins. This user-friendly platform has attracted thousands and thousands of traders since its inception. They say it’s the only crypto exchange you need. We decided to dig deeper and learn everything there is to know about Swyftx. Read this review to get a complete picture.

4.13/5
Excellent
Regulated by
AUSTRAC
Australia flag
Swyftx
Founded March 2019
Owner Swyftx Pty Ltd
Type Cryptocurrency Exchange
Fees 0.60%
account minimum 30$
Best for All Traders

Why Swyftx

In this section of our Swyftx review we highlight 6 special features that deserves extra attention.

Ultra fast, super responsive, and professioanl charts for traders who are masters of charting.
Advanced Charting
Ultra fast, super responsive, and professioanl charts for traders who are masters of charting.
This platform is perfect for beginners with limited trading or investing experience online.
Beginner Friendly
This platform is perfect for beginners with limited trading or investing experience online.
Track your current P&L live and analyze your trading history. Take full control over your own trading account.
Performance Analytics
Track your current P&L live and analyze your trading history. Take full control over your own trading account.
This platform has extra security features such as segregated bank accounts and investor insurance funds.
Security Of Funds
This platform has extra security features such as segregated bank accounts and investor insurance funds.
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
Cold Storage Wallet
This Cryptocurrency Exchange keeps most of your coins stored offline in cold storage for extra security.
Try this trading platform on a demo account before going live with real money. Trade your strategies with no risks.
Demo Account
Try this trading platform on a demo account before going live with real money. Trade your strategies with no risks.

About Swyftx

SwyftX is an Australian cryptocurrency exchange with the goal of being the only platform you need for trading and investing in cryptocurrencies. The main office is located on Level 4/50 McDougall St, Milton QLD 4064, Australia. The main company operating this platform is called Swyftx Pty Ltd and is quickly growing to become one of the most trusted names in the industry.

This platform is trusted by over 100.000 traders and the numbers keep growing every month. What makes this exchange unique is the fact that the owners Alex and Angus comes from trading and investing background and they were once consumers just like anyone else. They had a goal of improving trading interfaces, customer support, and exchange security. This all turned into the birth of a new powerhouse, Swyftx, a respected name from the land down under. At the moment the platform has different landing pages for several countries such as Australia, New Zealand, UK, and Canada. Ireland and India are two up-and-coming countries.

Why use Swyftx

Traders who are looking for a trusted cryptocurrency exchange in Australia for both beginners and experienced investors will truly enjoy Swyftx. This platform is very easy to use and it has a good suite of tools under its belt. After completing the rather rapid KYC process you are free to explore the intuitive interface they’ve designed with usability as the main focus.

The dashboard of Swyftx is not similar to many other crypto exchanges we see every day. The main menu is located to the left with the trade section, profile, shop, quick deposit, quick withdraw, order history, recurring orders, and asset list ready at hand. I really like how they have designed this and it is incredibly easy to navigate.

New traders will learn this platform in less than a minute!

Trading on Swyftx

Since the charting package is from Tradingciew, quality is assured. The order selection tab is also unique with a very simple layout which makes it easy to enter and exit the market. Recurring orders is something new to the crypto scene and Swyftx has incorporated this into their trading very well.

To the left of the charting interface, all altcoins are listed and the list seems endless. Choose from many new projects in which their cryptocurrency is still very cheap. This is a great platform to find new penny cryptocurrencies that have just been released to the market. I would recommend this trading interface for beginners at first, but experienced traders will also enjoy this simple but very robust platform. All of these features are of course available on the Swyftx mobile trading app.

Payment methods and limits

Swyftx offers these payment methods: Bank Transfer, PayId, POLi, Visa, Mastercard, B-pay, Osko, and of course Cryptocurrencies. Since cryptocurrency withdrawals are an option there is no upper limit on maximum withdrawals and there is no lower limit for minimum withdrawals. The minimum deposit with a bank card is $32.

Things we don’t like

I would love to see a real stop loss system on Swyftx. On the current platform, you need to arrange a stop market order to function as a stop-loss trigger. Another improvement for the team is to add a functioning live chat. Many new traders will have questions and it can be frustrating without a helping hand from a human.

Seen aside these minior misses, we thing Swyftx is an excellent cryptocurrency exchange and we highly recommend that all our traders and investors give it a try!

Trading Fees

Products
Maker fee
Taker fee
Cryptocurrency
0.60 %
0.60 %

Products

Cryptocurrency
Cryptocurrency

Trading Platforms

Webtrader
Webtrader
Mobile App Android + Mac
Mobile App Android + Mac
Tradingview
Tradingview
Own trading platform Windows + Mac
Own trading platform Windows + Mac

Order Types

SO - Stop Order
LO - Limit Order
MO - Market Order
RO - Recurring Order

Devices

Desktop
Desktop
Smartphone
Smartphone
Tablet
Tablet
Web
Web

Special Features

Fast Withdrawals
Paper Trading
Several Account Types
High Limits
Daily Gainers & Losers
2FA Verification
KYC
Altcoins
Market News
Education
New Trading Platform
Instant Deposits
High Security
Trade Alerts
Institutional Trading
Technical Indicators
Quick Registration
Cryptocurrency Wallet
Buy Cryptocurrency
Fast Account Verification
Trading App

About the special features on Swyftx

Swyftx has a lot of utility and tools aimed at all types of traders. You can day trade cryptocurrencies, invest long term with recurring orders, or simply swap between different coins you’ve found on the market. Ther is also a shop in the main menu that introduces hardware wallet guides where you can purchase your first hardware wallet for cryptocurrencies. There is also a feature that allows you to see the top movers for the day in both the positive and negative directions. This is a very useful tool for day traders looking to find daily volatility.

KYC documentation is a must at Swyftx if you want to start trading or buying cryptocurrencies with a credit card. The demo account lets you practice in the trading pit until you are familiar with the platform. Read fresh market news about different coins in the news section or read up on several of their guides written by professionals.

Simple Individual Crypto Tax Reporting

When it comes to cryptocurrency taxes, Swyftx has your back. You can download your full tax report based in Australian dollars (AUD) with very easy and compliant accounting. The reports you download can cover any period of time that you like.

Fast Biometric Login

This cryptocurrency exchange allows for fast biometric login which makes it very easy and safe to get onto the platform. This feature lets you check balances, place orders, get in and out of the market, or just look for new coins with your own biometric login.

Crypto Portfolio Tracking

To have full control over your cryptocurrency account, a crypto portfolio tracking feature is all you need. With this tool, you will be able to browse your current balance, your monthly statistics, and make good decisions for the future based on your previous track record.

Recurring Orders For Cryptocurrencies

Instead of logging in to your account every week or month, you can instead use recurring orders for crypto trading. This tool will automatically buy your preferred coins exactly when you want to without the need to even log on to the exchange. With recurring orders, you are in control of how much you want to purchase and when.

Instant AUD Withdrawals

Use Australian payment methods like PayID, OSKO, Bank Transfer, and POLi to make withdrawals instantly. This should be a must for any Australian trader and if you want to get your gains paid out on time you need to try Swyftx.

Funding

Bank transfer
Bank transfer
PayId
PayId
POLi
POLi
Visa
Visa
Mastercard
Mastercard
B-pay
B-pay
Osko
Osko

Accepted Currencies

AUD ($)
USD ($)

Limits

Max Withdrawal Limits
No limit
Min Withdrawal Limits
No limit
Min Deposit Limits
$32

Languages

United Kingdom
English

Restricted Countries

Afghanistan
Zimbabwe
Zambia
Yemen
Wallis and Futuna Islands
Virgin Islands, U.S.
Virgin Islands, British
Vietnam
Venezuela, Bolivarian Republic of
Vanuatu
Uzbekistan
Uruguay
United States Minor Outlying Islands
United States
United Kingdom
United Arab Emirates
Ukraine
Uganda
Tuvalu
Turks and Caicos Islands
Turkey
Turkmenistan
Tunisia
Trinidad and Tobago
Tokelau
Togo
Thailand
Timor-Leste
Tanzania, United Republic of
Tajikistan
Taiwan, Province of China
Syrian Arab Republic
Switzerland
Sweden
Swaziland
Svalbard and Jan Mayen
Suriname
Sudan
Sri Lanka
Spain
South Sudan
South Africa
Somalia
Solomon Islands
Slovenia
Slovakia
Singapore
Sierra Leone
Seychelles
Serbia
Senegal
Saudi Arabia
Sao Tome and Principe
San Marino
Samoa
Saint Vincent and the Grenadines
Saint Pierre and Miquelon
Saint Lucia
Saint Kitts and Nevis
Saint Helena, Ascension and Tristan da Cunha
Saint Barthélemy
Rwanda
Russian Federation
Romania
Réunion
Puerto Rico
Qatar
Portugal
Poland
Pitcairn
Philippines
Peru
Papua New Guinea
Paraguay
Palestinian Territory, Occupied
Palau
Pakistan
Oman
Panama
Norfolk Island
Norway
Nigeria
Niger
Nicaragua
Niue
New Zealand
New Caledonia
Netherlands
Nepal
Nauru
Namibia
Myanmar
Mozambique
Morocco
Montserrat
Mongolia
Montenegro
Monaco
Moldova, Republic of
Mexico
Mayotte
Mauritius
Mauritania
Martinique
Marshall Islands
Malta
Mali
Maldives
Malaysia
Malawi
Madagascar
Republic of North Macedonia
Macao
Luxembourg
Lithuania
Libya
Liechtenstein
Liberia
Lesotho
Lebanon
Latvia
Lao People"s Democratic Republic
Kyrgyzstan
Kuwait
Korea, Republic of
Korea, Democratic People"s Republic of
Kiribati
Kenya
Kazakhstan
Jordan
Jersey
Japan
Jamaica
Italy
Israel
Isle of Man
Ireland
Iraq
Iran, Islamic Republic of
Indonesia
India
Iceland
Hungary
Hong Kong
Honduras
Haiti
Guyana
Guinea-Bissau
Guinea
Guernsey
Guatemala
Guam
Guadeloupe
Greenland
Grenada
Greece
Gibraltar
Ghana
Germany
Georgia
Gambia
Gabon
French Southern Territories
French Polynesia
French Guiana
France
Finland
Fiji
Faroe Islands
Federated States of Micronesia
Falkland Islands (Malvinas)
Ethiopia
Estonia
Eritrea
Equatorial Guinea
El Salvador
Egypt
Dominican Republic
Ecuador
Dominica
Djibouti
Denmark
Czech Republic
Cyprus
Curacao
Cuba
Croatia
Costa Rica
Cook Islands
Democratic Republic of the Congo
Congo
Comoros
Colombia
Cocos Islands
Christmas Island
China
Chile
Chad
Central African Republic
Cayman Islands
Cape Verde
Canada
Cameroon
Cambodia
Burundi
Burkina Faso
Bulgaria
Brunei Darussalam
British Indian Ocean Territory
Brazil
Botswana
Bosnia and Herzegovina
Bonaire
Bolivia
Bhutan
Bermuda
Benin
Belize
Belgium
Belarus
Barbados
Bangladesh
Bahrain
Bahamas
Azerbaijan
Austria
Aruba
Armenia
Argentina
Antigua and Barbuda
Antarctica
Anguilla
Angola
Andorra
American Samoa
Algeria
Albania

Security

Is Swyftx safe to use?

Yes, it is. Besides the regulation in Australia, it also covers many other security bases such as KYC documentation, 2-factor authentication, safe biometric login, and cold storage wallets for your crypto assets.

Is Swyftx regulated?

Swyftx is regulated by the Australian government under the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Support

Phone Number
Phone Number
+61 073 088 7633 Call back

Frequently asked questions

Read the most frequently asked questions about Swyftx. Find answers without searching the web.

This cryptocurrency exchange has a lot of good features for all traders and the safety is very high. After reviewing this platform we consider it to be a very good exchange to use.

In comparison to other platforms, this exchange is right in the middle, not extremely cheap but not expensive at all.

Yes, it is. The Australian regulation from AUSTRAC increases the credibility of this exchange.

First, create an account. Second, verify your identity through the rapid KYC process. Third, click Quick Deposit in the left-hand menu. Fourth, choose your preferred method of payment and select how much you would like to deposit. Follow instructions until your account has been funded.

Yes, in fact, there are several wallets for all 250+ altcoins available on the platform.

Yes, this is a crypto trading platform that offers trading in over 250 altcoins.

Swyftx is completely legal in Australia, backed up by government regulation.