by Dominic Harper

Swyftx Review 2022 | Fees, Comparisons & More

By now, we’ve all heard about cryptocurrency. Some of us have had some serious questions. That’s why we were glad to review Swyftx, an Australian-based company that has full-service cryptocurrency features.

From beginners to seasoned traders, Swyftx is perfect for anyone in Australia looking for a low-fee, full-service crypto trading platform. Cryptocurrency is an important investment tool to diversify your portfolio in changing times, and Swyftx can help you get into the market.

What is Swyftx?

Swyftx is an Australian-grown company, based in Brisbane. Below, we’ll outline some bullet points, then move on to the features and review.

  • On the web at, and they have a mobile app, as well

  • They offer deposits in through traditional bank transfer, POLi, Credit/Debit card, OSKO, PayID, or transfer to another cryptocurrency

  • Trading fees start at 0.6%

  • No deposit fee

  • The Base currency is AUD

  • Over 280 cryptocurrencies supported, including Bitcoin, Ethereum, and all the other popular options

  • Reviewed online as the best exchange for Australians

  • “Excellent” rating on Trustpilot based on over 3,000 reviews


For Newcomers

Some of the best features on Swyftx are totally free, and perfect for beginners. A lot of people are interested in cryptocurrency. But some of us can be deterred from asking friends or coworkers about how to get involved. It can be an intimidating field to get into, and since cryptocurrency has been established so long, it can be difficult to know where to jump in.

That’s why we were so glad to see that Swyftx has a Demo Mode. After signing up and creating your account, you can learn how to trade cryptocurrency with their risk-free simulation. It’s an incredible way to gain hands-on experience without having to venture any of your own money. The Demo Mode even simulates real-life scenarios, like how the market will respond and what the investments will mean to your liquid assets.

If you’re more into reading articles, they have a whole Learn section on their website. This page is filled with in-depth articles on everything from understanding the market cycles of Bitcoin to how to develop strategies for investing.

This sort of information is useful for any level of investor, from a beginner to a pro. And it also says something about Swyftx: they’re invested in your investment success. Plenty of cryptocurrency exchanges are only interested in pushing a certain currency, or are only trying to attract a high volume of customers. Swyftx is looking to grow their clientele by helping you succeed.

Their website even features a Crypto Assets page that shows what hundreds of currencies look like—what they’re trading for, and what their twenty-four hour change has been.

They also offer Biometric logins, which means you won’t have to hunt for your username and password, and won’t have to save them into your browser. They also have had zero security breaches since being founded in 2017. That’s important for protecting your investments.

Another featured benefit of Swyftx is that you can buy instantly with your Australian Dollar. Being an Australian based company, they know how buying and selling internationally can be difficult. That’s why it’s important that their portal doesn’t require you to exchange your AUD for USD or Euro.

Being based in Australia has also made it easy for them to offer Live Chat and Support for their customers. One reviewer even tried out the Swyftx Customer Support, and he rated it as excellent.

Perhaps one of the best features for beginners is that you can get into the action for as little as a $1 investment. So if you’ve managed to get a knack for things in the Demo Mode, and you’re ready to try out the real thing, you don’t need to bring a fist full of cash to the table. You can start with as little as $1.

Another great feature of Swyftx is their mobile app, available for Android or iOS. Having the app handy means you don’t have to worry about getting to your computer anytime you see a development in the crypto world. Trading in any market can be tricky, and success can depend on having up-to-date information and being able to act fast. Having the app right on your phone means you can act as fast as you can open your phone.

For Experienced Traders

For those who are already well on their way to being experienced crypto traders, Swyftx is still the Australian company to go with. They offer a multitude of tools to help streamline active trading.

One key tool is their Portfolio Tracking, which sits right on the side panel of your screen. This helps you see real-time profit and loss across all of your investments. This makes it easier to navigate whatever headline you’re reading, or hot tip you’re trying to decide on acting on.

Speaking of acting, if you’re into automated features, Swyftx also offers Recurring Orders. If you have a system and want to sit back and watch it work, let Swyftx help you make that happen. By setting your investments to recur, your deposits in Swyftx will automatically roll over into the set investment purchases you’ve programmed into it.

They also have Individual Tax Reporting, which you can set to generate a report for any given time period. Whether you’re trying to secure a personal loan for a large purchase, or you have a diversified investment portfolio, it is nice to have a personalized tax report generated, already in AUD. This means your accountant, or your own calculator, will thank you when it’s time to pay taxes on your returns.

They also offer Coinswap, which means you can exchange any crypto in your portfolio for another currency in their list. That can make organizing your portfolio a lot quicker and easier.

Swyftx also offers some features that every pro trader is going to look for. They have Real Time Pricing and API, which means you won’t get stuck holding a coin that’s devaluing while you’re waiting for the update. You can also Integrate Trading Charts for all your favorite currencies, which means you won’t have to jump between pages tracking just a few currencies you’re actually interested in.

You can also set Automatic Buys and Sells. You won’t have to worry about losing out while you’re asleep because the crypto market took a turn on your favorite coin at noon GMT. You can use the Swyftx platform to buy or sell certain amounts based on any trigger price you set. 

For the serious trader or high net worth individual or corporation, Swyftx also offers OTC services and consultations. You can book a consultation right from the link provided, on their website.

You can also Bundle your portfolio purchases with one of 7 curated bundles of crypto currency collections. This works similarly to the old-school method of Index Stocks, where you can purchase a small piece of a number of companies based in one index. Swiftx monitors the market to find bundles that work for your investment goals.


Swyftx provides great features and services, and they’ve managed to do it for relatively low fees. There is no deposit or withdrawal fee, up to $100,000 AUD per day.

They also offer a 0.6% trading fee, with discounts for high-volume trades. There are no trade limits, and spreads as low as 0.45%. We know there are sites out there with lower fees, but we can’t find any Australian based exchange platform with this level of service at this rate. The low spread rate is important, as many institutions don’t even list their spread rate, with some banks charging as high as 11% just for currency exchange.

They are transparent about their fees, and services. For instance, they list their competitors' fees right on the Swyftx website. But you can also see they have the highest TrustPilot score of any other company, and the only one that offers a free Demo Account.


As we mentioned above, Swyftx has had no security breaches since they founded the company. Not only do they have an “Excellent” rating with TrustPilot, they’ve also been recognised by such outlets as the Queensland Times, The Australian, and Business Insider, Australia.

In addition to that, for the more technically minded, Swyftx uses JSON Web Tokens and KYC verification. They also have Biometric and 2FA account authentication and protection. They use a professional, 3rd party security auditor and undergo external penetration testing. Many traditional banks don’t offer that level of security.


Swyftx is right now only doing business for Australians. But in an effort to broaden the network for their users, they’re working on branching out to the UK and Canada. That means two important things for investors.

The first thing is that it means Swyftx is looking to the horizons. One of the facets of cryptocurrency that makes it so viable is that it isn’t constrained by the artificial boundaries of traditional investing. Swyftx is looking to expand their brand of exceptional service and provressive trading to new markets.

The second reason this is important is that for the Australian investor, getting into Swyftx now will help you expand your investments into other currencies as Swyftx expands. By joining now, you can make sure your portfolio grows as Swyftx grows.

Pros and Cons of Swyftx

  • P R O S
  • You can use your credit or debit card for withdrawals or deposits
  • There are over 280 supported cryptocurrencies
  • Live Support with real people
  • Free Demo Mode for beginners
  • Advanced features for experienced traders
  • Low rates and spread
  • Established, secure company
  • C O N S
  • Only available to Australians
  • Only uses AUD
  • NDAX is not as well-established as other exchanges


We did our research into cryptocurrency exchanges. Which also meant doing our research into the cryptocurrency phenomenon. What we found is that it’s important to find an exchange platform that you can trust, and that works.

In the end, we’ve settled on Swyftx as the best platform for the Australian investor. We found this to be especially true for the first time or new investor. Swyftx offers services and features that, frankly, we didn’t see on any other platform. And they offer these features and services for a very competitive exchange rate.

With over 280 cryptos on their list, high-grade security features, and live support, we can’t find a better service than Swyftx, for any price. Their low fees make them the best choice, by far, for Australian investors.

Frequent Asked Questions

Swyftx Safe? 

Swyftx is safe. We do not offer any advice on investments, in particular. Cryptocurrency is a proven investment strategy, but like all investments, it can be risky. The good news is that Swyftx has invested in security measures far and away better than many of its competitors. That means that your assets with them will be secure.

Is Swyftx a Good Option  Experienced Traders?

 Swyftx is ideal for traders of any level. We focused some of our attention on newcomers only for the purposes of this article, but the fact is, Swyftx is ideal for investors of any level. In fact, they can handle accounts of over $100,000 through their special OTC Consulting. This service includes access to liquidity providers around the globe.

 Can I Trust Swyftx? 

You can trust Swyftx, and over 400,000 people already do trust them. Not only that, but over 3,000 customers have felt so good about their experience that they’ve rated them on TrustPilot with an “Excellent” rating.

Does Swyftx Offer a Wallet? 

They do. The Swyftx wallet is available on Android or iOS. This is important if you’re looking to hold onto your assets in digital form, if you don’t want to pull the assets out as AUD.

What Safeguards in Place for Me?

 Swyftx and other digital currency exchanges are regulated and licensed; if they’re not, you shouldn’t trust them. Swyftx is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), and complies with all regulatory agencies to prevent money laundering, fraud, and terrorism funding.

About the author 

Dominic Harper

Dominic has a background in finance and is passionate about cryptocurrency, blockchain technology and NFTs. He has been investing in crypto since 2017, and is excited about the potential for innovation and creative uses for NFTs in the near future.

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