Swyftx Crypto Exchange Review 2025: Fees, Features & Security

Swyftx Trading Fee Calculator

Estimate Your Swyftx Trading Fees

Enter your estimated monthly trading volume to calculate your potential maker and taker fees.

Your Estimated Fees
Enter your trading volume and click Calculate to see your estimated fees.

Key Takeaways

  • Over 440 crypto assets, with a user‑friendly mobile app and web platform.
  • AUSTRAC‑registered, giving Australian‑based legal protection.
  • Fees start at 0.10% for market orders; swaps and transfers are fee‑free for most pairs.
  • Live TradingView charts, demo mode, and a one‑click portfolio transfer service.
  • Integrated tax reporting meets ATO requirements, plus business‑grade tools for SMSFs and trusts.

If you’re hunting for a Swyftx crypto exchange review that cuts through the hype, you’ve landed in the right spot. Below we break down everything a real‑world trader needs to know - from signing up in under five minutes to moving a whole portfolio from Binance with a single click.

What Is Swyftx?

Swyftx is a Sydney‑based cryptocurrency exchange that serves over 1.1million users as of 2025. It operates under AUSTRAC registration, meaning it follows Australian anti‑money‑laundering rules and KYC standards.

Getting Started - Account Setup in Minutes

The onboarding flow is designed for speed. You’ll need a valid Australian email, a phone number for SMS verification, and a government‑issued ID (driver’s licence or passport). The verification step typically finishes in three minutes, thanks to automated document checks.

  1. Download the iOS/Android app or visit the web portal.
  2. Enter your email and create a password.
  3. Verify your phone number.
  4. Upload your ID - the system validates it instantly.
  5. Link a payment method (bank transfer, PayID, Osko, debit card, or crypto deposit).

Once approved, you can activate the demo mode to practice trading without risking real capital.

Trading Tools & Core Features

Swyftx blends beginner friendliness with professional‑grade tools. The platform embeds TradingView charts, giving you access to over 100 technical indicators, multi‑time‑frame analysis, and drawing tools. Order types include market, limit, stop‑loss, and recurring orders - perfect for dollar‑cost averaging.

Two standout features launched in 2024 are:

  • Portfolio Transfer Service: Move multiple assets from Binance or Coinspot to Swyftx in a single, fee‑free transaction.
  • Crypto Swap: Instantly exchange one crypto for another without converting to fiat first. The swap executes as a simultaneous sell‑and‑buy, applying the standard trading fee.

The mobile app mirrors the web UI, so you can set price alerts, trigger automated orders, and watch real‑time market news from integrated news feeds.

Deposits, Withdrawals & Fee Structure

Deposit options are diverse:

  • Bank Transfer (NZD AUD, etc.) - usually 0‑1 business day.
  • PayID - instant settlement for supported banks.
  • Osko - near‑real‑time transfers within Australia.
  • Debit card - 2‑5% fee, fastest for small amounts.
  • Crypto deposit - network fee only, credited instantly.

Withdrawal fees follow a similar logic: fiat withdrawals via bank transfer are free up to AUD10000 per month; above that, a flat AUD5 fee applies. Crypto withdrawals incur the blockchain network fee; Swyftx does not add a markup.

Trading fees are tiered by monthly volume:

Swyftx Trading Fees by Volume (2025)
Monthly Volume (AUD)Maker FeeTaker Fee
0 - 50000.10%0.20%
5001 - 250000.08%0.18%
25001 - 1000000.06%0.16%
100001+0.04%0.14%

For most casual traders, the 0.10% maker fee is the effective rate, which is competitive with global exchanges.

Security, Regulation & Trust

Security, Regulation & Trust

Being AUSTRAC‑registered means Swyftx follows strict KYC/AML procedures and must keep user funds segregated from operational accounts. The exchange stores the majority of crypto assets in cold storage, with hot wallets used only for immediate withdrawals.

Two‑factor authentication (2FA) is mandatory for withdrawals, and the platform supports hardware‑based security keys (e.g., YubiKey). In 2024, the company underwent an independent security audit that found no critical vulnerabilities.

Customer sentiment is reflected in a 4.6/5 rating on Trustpilot, based on over 12000 reviews. Complaints typically revolve around delayed identity verification during peak periods, not platform reliability.

Tax Reporting & Business Features

All trades on Swyftx are considered taxable events under the Australian Taxation Office (ATO). The exchange provides a downloadable CSV that categorises each transaction (buy, sell, swap) and calculates capital gains/losses using the FIFO method. For businesses, trusts, and Self‑Managed Super Funds (SMSF), Swyftx offers a separate dashboard that consolidates all crypto holdings, making compliance reporting straightforward.

Pros & Cons - Quick Verdict

Pros and Cons of Swyftx
ProsCons
Regulated under AUSTRAC - strong consumer protection.Identity verification can be slower during high traffic.
400+ crypto assets, plus bundles and auto‑invest.Limited fiat‑off‑ramps for non‑Australian residents.
Fee‑friendly tiered structure, swaps fee‑free.Mobile app UI feels slightly dated after recent updates.
One‑click portfolio transfer from Binance, Coinspot.Customer support response time varies on weekends.
Integrated tax reports and business‑grade tools.No margin or futures trading.

How Swyftx Stacks Up Against the Competition

Feature Comparison: Swyftx vs Binance vs Coinspot
FeatureSwyftxBinanceCoinspot
Regulatory statusAUSTRAC‑registered (Australia)Unregulated offshoreAUSTRAC‑registered
Crypto assets440+600+250+
Lowest maker fee0.10%0.02% (high volume)0.10%
Portfolio transferOne‑click from Binance & CoinspotManual withdrawals onlyManual withdrawals only
Swap featureYes, fee‑freeYes, small spreadNo
Educational resourcesPodcasts, guides, demo modeAcademy, blogBlog, webinars

For Australian users who value local regulation and a simplified tax workflow, Swyftx often wins out despite a slightly narrower asset list compared to Binance.

Final Verdict - Who Should Use Swyftx?

If you’re an Australian resident looking for a secure, regulated exchange that makes tax reporting painless, Swyftx is a top choice. Beginners will love the demo mode and clear UI, while seasoned traders appreciate the TradingView integration and portfolio transfer service. The only deal‑breaker for high‑frequency traders is the lack of margin or futures products.

Overall, Swyftx delivers a balanced mix of safety, usability, and cost‑effectiveness that few other platforms can match in the Australian market.

Frequently Asked Questions

Is Swyftx safe for storing large crypto balances?

Yes. Swyftx keeps the majority of user funds in cold storage and is regulated by AUSTRAC, which requires strict segregation of client assets.

What fees do I pay when swapping crypto on Swyftx?

Swaps are fee‑free; you only incur the standard maker/taker fee on the underlying market orders, which starts at 0.10%.

Can I move my Binance portfolio to Swyftx in one go?

Yes. The Portfolio Transfer Service lets you import multiple assets from Binance (and Coinspot) with a single, fee‑free transaction.

How does Swyftx handle tax reporting?

Every trade is logged and you can download a CSV that categorises buys, sells, and swaps. The file follows ATO guidelines, making it easy to import into tax software.

What payment methods are supported for Australian users?

Bank transfers, PayID, Osko, debit cards, and crypto deposits are all accepted. PayID and Osko provide near‑instant fiat deposits.