Swyftx remains one of the most trusted and user-friendly cryptocurrency exchanges for Australian investors in 2025. With its intuitive interface, strong security standards, and comprehensive suite of features tailored to both beginners and intermediate traders, Swyftx continues to stand out in a competitive local market. While it lacks advanced derivatives trading, its strengths in transparency, customer support, and educational tools make it a top choice for those looking to buy, sell, and manage digital assets securely.
Why Choose Swyftx?
Swyftx delivers a seamless crypto trading experience designed specifically for Australian users. Whether you're new to digital currencies or expanding your investment strategy, the platform offers low fees, real-time support, and tools like recurring buys and demo trading that simplify the onboarding process.
The exchange supports over 440 cryptocurrencies, allowing users to diversify into altcoins beyond Bitcoin and Ethereum. Combined with tight spreads and transparent pricing, Swyftx provides a cost-effective environment for long-term investors and active traders alike.
👉 Discover a secure way to start your crypto journey today.
Is Swyftx Safe and Legitimate?
Safety is a top priority when choosing a crypto exchange — and Swyftx excels in this area. The platform is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), complying fully with Anti-Money Laundering (AML), Know Your Customer (KYC), and Counter-Terrorism Financing (CTF) regulations.
Swyftx employs multiple layers of security:
- Two-Factor Authentication (2FA)
- Data encryption
- Cold storage for the majority of user funds
- Regular penetration testing
- ISO/IEC 27001 certification — a globally recognized standard for information security management
Notably, Swyftx has never suffered a security breach since its launch in 2017. While it does not currently offer insurance for crypto or fiat holdings, its clean track record and rigorous compliance protocols reinforce its reputation as one of Australia’s safest exchanges.
Key Security Highlights
- ISO 27001 Certified: One of the few Australian exchanges with this prestigious accreditation.
- No History of Hacks: Over six years of operation without any reported breaches.
- Local Compliance: Fully aligned with Australian regulatory requirements.
Trading Fees and Cost Structure
One of Swyftx’s major advantages is its transparent and competitive fee model — especially compared to other domestic platforms.
Trading Fees
- Flat rate: 0.6% per trade
- Reduced to as low as 0.1% for high-volume traders
- Applies to all transactions: buying with AUD, selling crypto, or swapping between coins
This structure is more favorable than many local competitors like Coinspot, where average effective fees can exceed 1%, including hidden spreads.
Deposit & Withdrawal Fees
| Method | Deposit Fee | Withdrawal Fee |
|---|---|---|
| Bank Transfer (PayID) | Free | Free |
| Credit/Debit Card | 1.99% | Not available |
Card deposits via Stripe are capped at $15,000 per transaction but offer fast funding with a reasonable fee.
Crypto deposits and withdrawals are free on Swyftx — though standard blockchain network (gas) fees apply when sending assets off-platform.
Spreads: Hidden Costs Made Transparent
Spreads — the difference between the buy and sell price — are often overlooked by new traders but can significantly impact returns. Swyftx displays spreads clearly, starting from just 0.45%, with an average of 1.7%, far lower than some rivals charging over 4%.
This transparency helps users make informed decisions and avoid unexpected costs.
Key Features That Set Swyftx Apart
Demo Trading Mode
New investors can practice risk-free using Swyftx’s demo mode, which provides $10,000 in virtual funds. This feature allows users to learn the platform, test strategies, and build confidence before committing real capital.
👉 Try a no-risk way to learn crypto trading now.
Recurring Buy Orders (Dollar-Cost Averaging)
Swyftx supports automated recurring purchases across all 440+ assets and crypto bundles. This dollar-cost averaging (DCA) feature helps investors build wealth over time while minimizing the emotional impact of market volatility.
Crypto Bundles
For those seeking instant diversification, Swyftx offers nine curated crypto bundles — similar to ETFs — that group assets by theme or sector:
- Big Two (BTC + ETH)
- DeFi Coins
- GameFi Tokens
- Emerging Projects
These allow users to gain exposure to trending markets without picking individual coins.
OTC Desk for High-Volume Trades
Institutional investors and SMSF account holders can access Swyftx’s Over-the-Counter (OTC) desk, enabling trades over $100,000 AUD with minimal slippage and competitive pricing across 280+ cryptocurrencies.
SMSF Account Integration
Eligible Australians can invest crypto through their Self-Managed Super Fund (SMSF) via a dedicated account. Swyftx streamlines compliance by requiring proper documentation and even offering expert consultations to guide users through setup.
Tax Reporting Tools
Meeting ATO requirements is easier with Swyftx’s integration with leading tax software like Koinly and Crypto Tax Calculator. Users can export transaction history as CSV files or connect directly via API for accurate annual reporting.
Mobile App Experience
The Swyftx mobile app — available on iOS and Android — mirrors the desktop experience with a clean, responsive design. Key features include:
- Real-time price alerts
- Instant trading
- Portfolio tracking
- Secure wallet transfers
With a 4.6-star rating across app stores and hundreds of thousands of downloads, the app is widely praised for its reliability and ease of use.
Customer Support & User Satisfaction
Swyftx shines in customer service — a rare quality among crypto platforms. It offers:
- A comprehensive Help Centre with 100+ guides
- 24/7 live chat staffed by Australia-based agents
- Average response time: under 15 minutes during business hours
User trust is reflected in third-party reviews:
- 4.7/5 on Trustpilot (from nearly 5,000 reviews)
- 4.6/5 on ProductReview.com.au (over 5,000 reviews)
This level of support makes Swyftx particularly appealing to beginners who may need assistance navigating their first trades.
How to Sign Up for Swyftx
Creating an account takes just minutes:
- Visit swyftx.com and click “Sign Up Now.”
- Enter your email and country of residence.
- Verify your email with a 6-digit code.
- Provide your name and mobile number; verify via SMS.
- Complete KYC by uploading government ID (e.g., driver’s license or passport).
Once verified, you can deposit AUD instantly via bank transfer or PayID and begin trading immediately.
👉 Start building your crypto portfolio with confidence.
Frequently Asked Questions
Is Swyftx legal in Australia?
Yes. Swyftx is an AUSTRAC-registered digital currency exchange operating legally under Australian financial regulations.
Can I trade futures or options on Swyftx?
No. Swyftx does not offer derivatives such as futures, options, or perpetual contracts. Advanced traders may need to use alternative platforms for leveraged trading.
Does Swyftx have an affiliate program?
Yes. The Swyftx affiliate program allows Australian ABN holders to earn 30% commission on trading fees generated by referred users.
Is there a mobile app?
Yes. The Swyftx app is available on both iOS and Android with full functionality for trading, alerts, and portfolio management.
Can I use Swyftx for my SMSF?
Yes. Swyftx supports crypto investments through eligible Self-Managed Super Funds with a separate account setup and required documentation.
Are my funds insured on Swyftx?
Currently, Swyftx does not offer insurance for crypto or fiat balances. However, it uses cold storage and strong security protocols to protect user assets.
Final Verdict: Who Is Swyftx Best For?
Swyftx is ideal for:
- Beginners seeking an easy-to-use platform with demo mode and educational resources
- Intermediate traders wanting low fees, recurring buys, and portfolio diversification tools
- Australian investors focused on compliance, tax reporting, and local support
While it doesn’t cater to advanced derivatives traders, its focus on security, usability, and transparency makes it one of the best-regarded exchanges in Australia in 2025.
For users wanting broader trading options including futures or global market access, pairing Swyftx with a platform like OKX could provide a balanced approach — using Swyftx for secure local transactions and OKX for advanced trading capabilities.