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
- 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.
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.
TU Expert Verdict
Swyftx is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Crypto Exchanges Traders Prefer
Swyftx User Reviews
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5-star
0%
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4-star
42%
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3-star
37%
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2-star
5%
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1-star
16%
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Swyftx 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.5.2 /10Swyftx 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 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. 0.6 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. 0.6 0.22 0.2 0.194 What are Swyftx 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, % 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.
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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 Methodology10 /10Swyftx 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
- 2FA
- Facial recognition
- Government-regulated
- Tier-1 regulation
- No successful hacks history
- No investor protection fund
- Not U.S regulated
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 Security Factors Swyftx Coinbase Kraken Tier-1 regulation YesYesYesGovernment-regulated YesYesYesInvestor 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 Swyftx 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.
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.
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.
Is Swyftx available in the USA?
Swyftx 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.9 /10Swyftx 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 cards accepted for instant deposits
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers 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 Coinbase Kraken Bank transfers YesYesYesBank card YesYesYesCrypto YesYesYesPayPal YesYesYesWhat is Swyftx minimum deposit?
The minimum deposit at Swyftx is 30 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.
Swyftx minimum deposit vs competitors
Swyftx Coinbase Kraken Minimum deposit, USD or USDT 30 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 1 2 1 Does Swyftx support fiat money?
Swyftx supports fiat currency trading and account funding. The following fiat currencies are accepted: USD, EUR, GBP, BRL, AUD, TRY, ZAR, PLN, NGN.
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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.6 /10Swyftx received a score of 6/10 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.
- Yield farming available
- Fiat currencies supported
- NFTs available
- Prediction markets are not supported
- 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 Coinbase Kraken Supported coins 320 400+ 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 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.
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Customer Support
Score:We evaluated Customer Support at Swyftx 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 criteria3.1 /10Swyftx 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.
- Comprehensive help center available
- Support ticket system available
- Live chat support available
- Limited language support
- Email support unavailable
Swyftx Support Channels vs Competitors
Swyftx Coinbase Kraken Live Chat YesYesYesEmail Support NoNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesYesContacts Foundation date 2018 Registration address c/o Swyftx Pty Ltd, 4/55 McDougall Street, Milton QLD 4064 Official site https://swyftx.com/ Contacts hello@swyftx.com.au
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FAQs
How safe is the Swyftx cryptocurrency exchange for users?
Swyftx has a safety score of 10/10, reflecting strong security measures and regulatory compliance. The exchange is government-regulated with Tier-1 regulation and uses cold wallet storage, 2FA, and facial recognition, and it reports no history of successful hacker attacks, although it does not offer an investor protection fund and is not U.S. regulated.
What deposit and withdrawal options are available at Swyftx?
Swyftx supports deposits and withdrawals via bank transfers, bank cards, cryptocurrencies, PayPal, Advcash Wallet, Google Pay, and Apple Pay. There are no deposit fees and bank cards are accepted for instant deposits, while withdrawals incur a fee and there is no P2P transfer option.
What do user reviews say about Swyftx?
Swyftx has a user satisfaction score of 6.1/10 based on 19 reviews, indicating mixed impressions from users. According to user reviews, 42% are 4-star, 37% are 3-star, while 16% are 1-star and 5% are 2-star, showing a range of positive and critical experiences.
What coins and markets can you trade on Swyftx?
Swyftx supports 320 cryptocurrencies and basic trading types, along with access to NFTs, staking, yield farming, and copy trading. The exchange does not offer futures, perpetual contracts, options, tokenized assets, TradFi perpetual futures, or prediction markets.
What kind of customer support does Swyftx provide?
Swyftx has a customer support score of 3.1/10, indicating below-average accessibility and responsiveness during testing. The exchange offers 24/7 live chat, a ticket system, and a help center/FAQ, but does not provide email or phone support and does not offer multilingual support.
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