According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.01 USDT
- Proprietary Mobile app
- Support for over 800 cryptocurrencies, automatic search for the best exchange rates
Our Evaluation of SWFT Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
SWFT Trade is a high-risk cryptocurrency exchange with the TU Overall Score of 1.98 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by SWFT Trade clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
SWFT Trade integrates with numerous blockchains and Layer 2 networks to provide its clients with access to a diverse ecosystem of digital assets. This comprehensive network leverages advanced off-chain transaction processing to enable efficient and cost-effective cross-chain swaps with minimal delays.
Brief Look at SWFT Trade
SWFT Trade is a unique hybrid platform that combines the features of a centralized exchange and a cryptocurrency swap aggregator. Built on the SWFT Blockchain, it features its token, Swftcoin (SWFTC). The platform enables users to instantly swap, trade, pay, and share cryptocurrencies. Founded in 2017, the project attracted investment from Draper Dragon within a year. In 2019, SWFT Blockchain became part of the first Berkeley Blockchain Xcelerator program, solidifying its position within leading blockchain innovation ecosystems.
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- Over 35,000 trading pairs are available for direct trade.
- Mobile apps for iOS and Android devices.
- A wide range of cryptocurrencies and access to cross-chain swaps.
- Multi-layered security for all trades.
- The platform does not offer features like margin trading, futures, or other complex financial instruments.
- The quality of swaps and the availability of certain tokens depends on the connected centralized and decentralized exchanges.
TU Expert Advice
Financial expert and analyst at Traders Union
SWFT Trade is a user-focused exchange designed for maximum convenience. It features an intuitive interface, making it ideal for both beginners and experienced traders. The platform is designed to ensure that all processes from registration to completing transactions are as fast and seamless as possible. Its simple navigation and well-thought-out functionality enable clients to easily find and use the tools they need.
SWFT Trade provides a favorable environment for cryptocurrency trading. Optimized for instant trades, the platform leverages high-speed data processing and minimal fees, making it accessible to traders with diverse capital levels. It supports a broad range of assets, including Bitcoin, Ethereum, Swftcoin (SWFTC), and popular ERC-20 and BEP-20 tokens.
A key differentiator of SWFT Trade is its seamless cross-chain swap functionality, simplifying trades across different blockchains. The exchange prioritizes security through advanced protective measures. Furthermore, its user-friendly interface and mobile app availability enhance accessibility for traders worldwide. These combined advantages make SWFT Trade a compelling choice for both newcomers and seasoned cryptocurrency traders.
SWFT Trade Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | SWFT mobile apps |
|---|---|
| 📊 Accounts: | A single account with access to cryptocurrency exchange |
| 💰 Account currency: | USDT, BTC, ETH, and more than 800 cryptocurrencies |
| 💵 Deposit / Withdrawal: | Only cryptocurrencies, support for more than 50 blockchains |
| 🚀 Minimum deposit: | 0.01 USDT |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Depends on the selected pair |
| 💱 Commission: | No |
| 🔧 Instruments: | 300 supported coins, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Instant execution of transactions via connected exchanges and blockchains |
| ⭐ Trading features: | Support for over 800 cryptocurrencies, automatic search for the best exchange rates |
| 🎁 Contests and bonuses: | No |
SWFT Trade offers competitive prices for buying and selling digital assets by leveraging a hybrid architecture that combines centralized and decentralized approaches. The platform supports a diverse range of over 800 cryptocurrencies and interacts seamlessly with more than 50 public blockchains, including prominent Layer 2 networks such as Polygon and Arbitrum.
SWFT Trade Key Parameters Evaluation
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Regulation and safety
With a 5/10 score, SWFT Trade demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- No successful hacks history
- 2FA
- Facial recognition
- Cold wallet storage
- Not U.S regulated
- Not tier-1 regulated
- Not government-regulated
- No investor protection fund
SWFT Trade Security Factors
We also compared SWFT Trade against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| SWFT Trade | OKX | Kraken | |
| Tier-1 regulation | No | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is SWFT Trade a regulated crypto exchange?
SWFT Trade is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean SWFT Trade is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at SWFT Trade?
KYC verification is not mandatory for opening an account and trading at SWFT Trade. However, unverified accounts have certain limitations, such as lower withdrawal limits and restricted access to certain features.
In which countries is SWFT Trade available?
SWFT Trade complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: . For the most up-to-date information on regional availability, please contact SWFT Trade support.
Is SWFT Trade available in the USA?
Yes, SWFT Trade is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
SWFT Trade commissions and fees
SWFT Trade received a 5.75/10 score for its trading fees. While SWFT Trade is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are SWFT Trade trading fees?
We analyzed SWFT Trade’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
SWFT Trade trading fees vs competitors
| SWFT Trade | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,22 | 0 | 0.194 |
What are SWFT Trade deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees |
Does SWFT Trade offer P2P trading?
No, SWFT Trade does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
SWFT Trade received a 4.5/10 rating for its deposit and withdrawal services. SWFT Trade offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- Google Pay supported
- No deposit fees
- No P2P transfer option
- No PayPal option
- Withdrawal fee applies
Deposit and withdrawal options
SWFT Trade supports the following deposit and withdrawal options: Crypto, Google Pay, Apple Pay.
SWFT Trade Deposit and withdrawal options vs competitors
| SWFT Trade | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is SWFT Trade minimum deposit?
The minimum deposit at SWFT Trade is 0,01 USD/USDT or 0,0001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
SWFT Trade minimum deposit vs competitors
| SWFT Trade | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0,01 | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does SWFT Trade support fiat money?
SWFT Trade does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
SWFT Trade received a score of 3.5/10 in this category, indicating a modest offering of assets and markets. While SWFT Trade covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Staking available
- NFTs available
- Fiat currencies not supported
- Yield farming not available
SWFT Trade supported coins and markets vs competitors
We compared SWFT Trade with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| SWFT Trade | OKX | Kraken | |
| Supported coins | 300 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
SWFT Trade passive income options vs competitors
We also compared SWFT Trade with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
| SWFT Trade | OKX | Kraken | |
| Staking | Yes | Yes | Yes |
| Yield farming | No | Yes | Yes |
| Copy trading | No | Yes | Yes |
Trading apps & tools
SWFT Trade received a score of 7.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Positive user feedback on the iOS app
- Android app score 4,5
- Mobile indicators allowed
- Advanced orders not available
- No access to Copy Trading
- No trading bots for traders
Trading apps
SWFT Trade provides web and mobile apps for both Android and iOS users, with an average rating of 5 on the App Store and 4,5 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the SWFT Trade platform is for mobile use.
| SWFT Trade | Bybit | |
| 2FA | Yes | Yes |
| Face ID | Yes | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | Yes | Yes |
| Extra trading platforms | No | MT4 |
Does SWFT Trade offer a desktop app?
No, SWFT Trade does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does SWFT Trade offer advanced charting with TradingView integration?
Yes, SWFT Trade offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://www.swft.pro/#/ |
|---|
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