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
- $1
- TradingView
- Humongous selection of cryptocurrencies and coins, the only fiat currency is the Australian dollar, trading terminal in the browser is adapted for mobile gadgets and has advanced functionality, there is no referral program and investing
Our Evaluation of Swyftx
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
Swyftx is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.13 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Swyftx clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Swyftx crypto exchange offers one of the most convenient and functional TradingView terminals that has been modified to include a mass of unique and useful features. There is no need to install a mobile app because the site is adapted to any mobile device. Many cryptocurrencies and coins are traded on the exchange, and their pool is constantly expanded. Initially, the commission average on the market is 0.6% of the transaction amount, but fees can be significantly reduced by increasing the volume of trading, plus bonuses from the Traders Union. Referral programs and investing in the exchange are absent. Technical support is represented by the online chat, and there is also a call center. Technically the exchange meets all modern requirements in terms of speed, functionality, and security.
Brief Look at Swyftx
The Swyftx crypto exchange has all popular cryptocurrencies and tokens available for trading such as Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Ark, ICON, Neo, Orchid, and dozens of other popular assets. Yet, only the Australian dollar (AUD) is represented from fiat currencies. It offers a multicurrency wallet, and several depositing and withdrawing options are available, including bank transfers in fiat currency. The TradingView terminal is adaptive, and you can trade using a browser on your PC, smartphone, or tablet. There is a demo mode that has a training system for beginners with up-to-date articles. The maximum trading commission is 0.6%, which decreases as the trading volume increases. Commissions for deposits are absent. If you withdraw in Australian dollars, Swyftx does not charge commissions.
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- hundreds of cryptocurrencies and tokens and the AUD are available for trading;
- the maximum commission is 0.6% (reduced when trading volumes increase);
- upgraded TradingView terminal with added features;
- the terminal is adaptive, the exchange site is easy to work with on all devices, including smartphones;
- average exchange spread is 1.7% (the average in the segment is 4%);
- transparent working conditions and no additional fees;
- recommended bundles, recurring orders, automatic stop and limit orders;
- For advanced traders, there is API, login security 2FA (two-factor authentication), integration with PayID, OSKO, and POLi.
- the exchange is focused on active trading, so there are no investment solutions, referral programs, and other options for passive income;
- there are no other fiat currencies except the Australian dollar.
TU Expert Advice
Author, Financial Expert at Traders Union
Swyftx offers trading a wide range of cryptocurrencies and tokens, with AUD being the only fiat currency. It uses an upgraded TradingView-based platform, accessible across multiple devices, facilitating an efficient trading experience without the need for a dedicated mobile app. With a maximum transaction fee of 0.6%, which decreases based on trading volume, Swyftx is an appealing choice for active traders. The exchange lacks broader support for passive income options like staking or referral programs, making it more suited for active trading strategies.
Despite its advantages, Swyftx has several drawbacks, including the absence of multiple fiat currencies and a focus solely on active trading with no options for investments or referrals. Additionally, while it offers good technical support and robust security measures, reports of delays in withdrawals and limited geographic availability may be concerns for some users. Swyftx is a viable option for experienced traders seeking a direct trading platform, but it may not cater to those prioritizing passive income or involved in diverse fiat currency transactions.
Swyftx Summary
| 💻 Trading platform: | TradingView, upgraded |
|---|---|
| 📊 Accounts: | Standard, demo |
| 💰 Account currency: | Cryptos, AUD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic, cryptocurrencies, and multicurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0,6%-0,6% |
| 🔧 Instruments: | 320 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Not indicated |
| ⭐ Trading features: | Humongous selection of cryptocurrencies and coins, the only fiat currency is the Australian dollar, trading terminal in the browser is adapted for mobile gadgets and has advanced functionality, there is no referral program and investing |
| 🎁 Contests and bonuses: | Traders Union bonuses |
To start trading on this exchange, you must register and pass the verification (confirm your personal data). The minimum deposit is not established, but there is a minimum amount for transactions on different pairs. Clients of the exchange regulate their own financial policy. A trader must rely only on his budget because the site does not provide leverage or the possibility of borrowing in cryptocurrency (some competitors have such a possibility). An indisputable advantage of the exchange is the high quality of technical support, it works in several languages, and responds with lightning speed. The main channels of communication are the call center, online chat, and email. The call center has a “division of labor” mode where you can specify the appropriate section of the site where you need help. The optimal variant of communication is online chat. There, an expert responds in less than 10 minutes and stays in touch until the final resolution of the issue. Chat and email are available without breaks and weekends.
Swyftx Key Parameters Evaluation
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Regulation and safety
Swyftx has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Cold wallet storage
- No successful hacks history
- 2FA
- Facial recognition
- Government-regulated
- Tier-1 regulation
- No investor protection fund
- Not U.S regulated
Swyftx Security Factors
We also compared Swyftx against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Swyftx | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | 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 Swyftx a regulated crypto exchange?
Swyftx is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
Swyftx is authorized or licensed in accordance with local regulations in the following regions: AUSTRAC in Australia, .
Is verification (KYC) mandatory at Swyftx?
Yes, KYC verification is mandatory at Swyftx. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is Swyftx available?
Swyftx complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Korea, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Swyftx support.
Is Swyftx available in the USA?
Yes, Swyftx 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.
Swyftx commissions and fees
Swyftx received a 5.2/10 score for its trading fees. While Swyftx 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 Swyftx trading fees?
We analyzed Swyftx’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.
Swyftx trading fees vs competitors
| Swyftx | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0,6 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,6 | 0,22 | 0 | 0.194 |
What are Swyftx deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0004 BTC 0,0035 ETH |
Does Swyftx offer P2P trading?
No, Swyftx 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
Swyftx received a 9/10 rating for its deposit and withdrawal services. Swyftx supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- Bank transfers for deposits and withdrawals
- No deposit fees
- Bank cards accepted for instant deposits
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No P2P transfer option
Deposit and withdrawal options
Swyftx supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal, Advcash Wallet, Google Pay, Apple Pay.
Swyftx Deposit and withdrawal options vs competitors
| Swyftx | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
What is Swyftx minimum deposit?
The minimum deposit at Swyftx is 30 USD/USDT or 0,00001 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Swyftx minimum deposit vs competitors
| Swyftx | OKX | Kraken | |
| Minimum deposit, USD or USDT | 30 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 1 | 0,00001 | 1 |
Does Swyftx support fiat money?
Swyftx supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Swyftx received a score of 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. Swyftx supports 320 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto copy trading available
- Yield farming available
- NFTs available
- Crypto options not available
- Crypto futures not available
Swyftx supported coins and markets vs competitors
We compared Swyftx 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.
| Swyftx | OKX | Kraken | |
| Supported coins | 320 | 329 | 278 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | Yes | No |
| NFTs | Yes | Yes | Yes |
Swyftx passive income options vs competitors
We also compared Swyftx 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.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | c/o Swyftx Pty Ltd, 4/55 McDougall Street, Milton QLD 4064 |
| Official site | https://swyftx.com/ |
| Contacts |
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