Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
SWFT Trade demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
SWFT Trade User Reviews
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SWFT Trade Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.5.8 /10SWFT Trade received a 5.8/10 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
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 CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.2 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 What are SWFT Trade deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
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Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology5 /10With 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.
- Facial recognition
- 2FA
- No successful hacks history
- Cold wallet storage
- Not government-regulated
- Not U.S regulated
- No investor protection fund
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 Security Factors SWFT Trade Coinbase Kraken Tier-1 regulation NoYesYesGovernment-regulated NoYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition YesNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. YesYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs SWFT Trade a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
Is SWFT Trade available in the USA?
SWFT Trade is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
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Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.4.5 /10SWFT 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
- No deposit fees
- Google Pay supported
- No P2P transfer option
- Bank transfers not available
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 Coinbase Kraken Bank transfers NoYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat is SWFT Trade minimum deposit?
The minimum deposit at SWFT Trade is 1 USD/USDT or 1 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 Coinbase Kraken Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 1 2 1 Does SWFT Trade support fiat money?
SWFT Trade does not support fiat currencies; only cryptocurrencies are accepted.
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Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.3.5 /10SWFT 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
- Crypto options not available
- Prediction markets are not supported
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 Coinbase Kraken Supported coins 300 400+ 400+ Futures/Perpetual contracts NoYesYesOptions NoNoNoNFTs YesYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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 Coinbase Kraken Staking YesYesYesYield farming NoYesYesCopy trading NoNoYes -
Trading Apps & Tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.7.5 /10SWFT 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.
- Android app score 4.5
- Advanced tools and automation with API
- Positive user feedback on the iOS app
- Fast and secure login with Face ID
- No standalone desktop access
- Advanced orders not available
- No access to Copy Trading
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 Coinbase Kraken 2FA YesYesYesFace ID YesNoNoMob Indicators YesYesYesAlerts NoYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. NoYesYesTrading with bots NoNoNoAPI YesYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
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Customer Support
Score:We evaluated Customer Support at SWFT Trade based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria3 /10SWFT Trade provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- 24/7 customer support available
- Live chat support available
- Comprehensive help center available
- Phone support unavailable
- Limited language support
SWFT Trade Support Channels vs Competitors
SWFT Trade Coinbase Kraken Live Chat YesYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesYesContacts Official site https://www.swft.pro/#/
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