Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
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    7. Swyftx vs.

    Swyftx vs. 2023: Fees, Security and More

    Swyftx Review

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    crypto com review australia

    In this comparison review of the best crypto exchanges, we put Swyftx and next to each other. The two crypto exchanges battle it out in fees, deposit methods, NFT availability, number of cryptocurrencies, etc. To reach our conclusions we carried out extensive research and got first-hand experience with both platforms in the Australian crypto market.

    Swyftx vs. Verdict

    Our winner pick is The crypto exchange offers a wide selection of crypto assets and more features.


    Cons Logo



    Swyftx vs. Unique Features

    Swyftx Unique Features


    swyftx bundles

    With Swyftx crypto bundles users can diversify their crypto portfolio by buying different digital assets in one simple transaction. The bundle contains different cryptocurrencies that were chosen based on market trends and figures. Only cryptocurrencies supported on Swyftx are included in the bundle. 

    Users can buy crypto bundles in the Swyftx mobile app and on the web. To do this, open the mobile app, go to the Quick actions menu or the sidebar and click “Swyftx bundles”. Choose the bundle you want, input the amount and place your order. Bundles can be bought as an instant order or recurring order

    Users can also add or remove cryptocurrencies from the bundle. Once the bundles are purchased, they will be deposited into the user’s wallets. Each cryptocurrency in the bundle can be managed independently. You can choose to hold, sell or swap any of the crypto assets in the bundle.

    Recurring Orders

    This feature allows Swyftx users to invest in crypto quickly and automatically. Recurring orders allow users to automatically deposit money and buy crypto whenever they wish to. Recurring Buy orders consist of an ongoing deposit via bank transfer from the user’s bank into his Swyftx account and subsequent recurring Buy orders on selected digital assets. 

    Swyftx Recurring Buy has a minimum spend of $30 and a minimum spend per individual asset of $1. Recurring Buys can be combined with a regularly scheduled bank transfer from the user’s bank. This will facilitate a Dollar-cost Averaging investment strategy. 

    To set up a recurring order on the Swyftx app, do the following:

    • Go to Quick Actions in the toolbar and select “Recurring Orders” 
    • Click “Create a Recurring Order” 
    • Choose your preferred asset 
    • Click “Continue” to set order details 
    • Add a nickname to your order 
    • Select the percentage allocation for the asset.
    • Click “Create recurring order” and copy the deposit instruction. 

    To create a recurring bank transfer, do the following:

    • Log in to your mobile banking account 
    • Create a recurring transfer 
    • Enter the Swyftx deposit information you copied 
    • Enter other required information like Account name, Account number, frequency, BSB, Reference, and amount. 
    • Follow the onscreen prompt to complete the process. 
    • Go back to Swyftx and confirm your recurring order by clicking “I Understand” 

    Swyftx allows users to edit an already created recurring order. The recurring order can also be canceled. Note that the recurring order needs to be canceled on both Swyftx and your bank. If you cancel the recurring Buy on Swyftx alone, your bank will keep making the deposits at the scheduled time.

    Swyftx App

    The Swyftx app enables users to access their crypto assets on the go. The app is available on the Google Play Store and Apple App store. Users with an existing Swyftx account can log in to the app using the same email and password. New users will have to create an account and set their biometric settings. 

    Sections in the app include:

    • Dashboard: Users have quick access to everything in the account from here. Features like account value, top gainers, and looser as well as the user’s favorites are displayed in the dashboard. 
    • Wallet: The Wallet screen displays the portfolio value for a single asset or all the assets. Assets are displayed in $ and % views, this enables the user to see how much their asset is worth and how much it has appreciated or depreciated over time. Wallet lists can be sorted based on Value, Name, and Change. Users can also access the individual wallet of an asset from the wallet screen. The single wallets page will show the transaction history, fiat deposit/withdrawal, quick actions, and asset performance. 
    • Trading: The app has a quick action button in the middle of the screen that allows users to easily make any trading action. 
    • Assets: This page displays all the assets supported on Swyftx. Users can also view their favorite assets here. 

    Transactions: This page displayed all the user’s orders and transactions. The trades and transactions can be sorted by date, type, and status.

    Unique Features of

    DeFi Wallet

    defi wallet crypto com

    This is a DeFi Wallet that gives users access to a full suite of DeFi services. It allows users to manage over 700 cryptocurrencies from over 15 blockchains including Cronos, Ethereum, Cosmos, BINANCE Smart Chain, and Assets can be moved between Cronos and different chains using the in-app bridging feature.

    Users can swap over 300 cryptocurrencies across different blockchains and earn rebates on more than 25 cryptocurrencies and stablecoins. The DeFi Wallet also supports different formats of NFTs across multiple blockchains. Users can also mine, farm, and swap DeFi protocols.

    The DeFi Wallet also has a browser-based plug-in that enables users to securely connect with Dapps on different blockchains. This wallet extension acts as a bridge to the mobile version of the DeFi Wallet. Soft Staking Soft Staking allows users to earn rewards for their crypto holdings in the Exchange wallet. Users are rewarded in available tokens like Bitcoin, Ethereum, and Litecoin. 

    Note that the exchange wallet is different from the App wallet. Also, Soft Staking is not the same as CRO staking. Unlike CRO staking, Soft Staking does not require assets to be locked for 6 months. Users must, however, ensure that their balance is equal to or higher than the required minimum holding. Users can opt-out of the Soft Staking whenever they wish to. Visa Debit Card

    This is a prepaid visa debit card that enables cardholders to spend their crypto assets on the go. The debit card is accepted anywhere Visa debit card is accepted worldwide. Users are required to stake CRO tokens for a minimum of 180 days to be eligible for the debit card. There are 5 different tiers of the debit card. The debit card tier a user gets is dependent on how much CRO token he stakes. Available debit card tiers include; Midnight Blue, Ruby Steel, Royal Indigo/ Jade Green, Frosted Gold/Icy white, and Obsidian.

    Winner in Unique Features cryptocurrency exchange wins in unique features. It is a one-stop shop for all crypto needs.

    Swyftx vs. Cryptocurrencies Available

    Cryptocurrencies Available on Swyftx

    Swyftx supports over 320 cryptocurrencies, available cryptocurrencies include: Bitcoin, Ethereum, Litecoin, ApeCoin, Binance USD, Binance Coin, Bitcoin Cash, Decentraland, Chainlink, Dogecoin, Gala, Hedera, Ontology, PancakeSwap, etc

    Cryptocurrencies Available on supports over 250 cryptocurrencies and over 200 trading pairs. Supported cryptocurrencies include Ethereum, Bitcoin, Cosmos, Dogecoin, Audius, Polkadot, Cardano, Polygon, Uniswap, 10Set, Shiba Inu, etc.

    Winner in Crypto Availability

    Swyftx wins in crypto availability as it supports more cryptocurrencies than

    Swyftx vs. Can You Buy and Sell NFTs?

    Can You Buy and Sell NFTs on

    Yes, you can buy and sell NFTs via the NFT marketplace. You can participate in NFT drops as well. The platform offers 10 million+ NFTs and features collections such as Mutant Ape Yacht Club, Bored Ape Yacht Club, CloneX, and much more. Some of the types of NFTs on the platform include Sports, Art, Celebrities, and Gaming. It is currently the only NFT marketplace that is built on the blockchain. The major perk of this platform is that you can purchase NFTs directly with your credit/debit card on the platform. NFT also supports minting after applying to be a creator.

    Winner in NFTs Availability wins in NFT availability. Swyftx does not offer NFTs.

    Swyftx vs. Fees

    Swyftx Fees

    Swyftx does not charge a fee for fiat currencies (AUD) deposits and withdrawals. For trading fees, Swyftx charges up to 0.60% and offers spreads as low as 0.41%. That said, the platform claims to offer high volume discounts on trading fees but information on how much discount is offered isn’t available on their site. For crypto and withdrawals, Swyftx charges the standard network mining fees. Fees trading fees charges users up to 0.00750% in trading fees via the maker and taker fee model which is based on your monthly trading volume and the amount of CRO (its native token) that you hold. For example, if your monthly trading volume is more than AUD 10,000,000 and you hold over 50,000 CRO you’ll only be charged a 0.0500% taker fee. You won’t have to pay the associated maker fee. If you hold more than 10 million CRO with the same trade volume you’ll have to pay 0.00350% in trading fees. and will get a rebate in maker fees.

    Winner in Fees wins in fees as it offers much lower trading fees than Swyftx.

    Swyftx vs. Payment Methods

    Swyftx Payment Methods

    Swyftx offers 4 deposit methods: PayID, Bank transfer, POLi, and debit card. The crypto exchange offers a daily deposit limit of AUD 50,000. Payment Methods

    For Australian users, the crypto exchange supports the following deposit methods: NPP (PayID), BPAY, Credit/Debit Card, Google Pay, and Apple Pay. It offers more deposit methods than Swyftx.

    Winner in Payment Methods wins in payment methods. It offers more deposit methods than Swyftx.

    Swyftx vs. Security

    Swyftx Security

    Swyftx security features

    Swyftx cryptocurrency exchange is registered with AUSTRAC and aligns its security practices with the ISO27001 framework of policies and controls. Customers’ data are fully encrypted and all accounts are protected with two-factor authentication. Security is registered with AUSTRAC and licensed by the Australian Financial Service License (AFSL). It is also in partnership with Ledger, incorporates Ledger Vault, and stores users’ assets in Ledger hardware devices. 

    All transactions on the platform are protected by Multi-Factor Authentication (MFA). This includes email, biometrics, phone, password, and authenticator verification. Also the whitelisting of external addresses must be done through email verification. also runs an Account Protection Program (APP) which gives additional security to all funds held on the exchange and App. APP restores funds up to $250,000 to qualified users who lose their funds to third party attacks.

    Winner in Security wins as it has better account security measures than Swyftx.

    Swyftx vs. Earn/Staking Rewards

    Swyftx Earn/Staking Rewards

    Crypto investors can earn up to 65% APY on Swyftx on all eligible digital assets. Supported assets include Axie Infinity, Harmony, TRON, Algorand, Tezos, Kava, Kusama, Solana, Cardano, Polkadot, Cosmos, Polygon, and Flow. Earn/Staking Rewards

    You can earn up to 12% p.a on over 40 digital currencies with Some eligible coins include Cronos, Ethereum, USD Coin, DAI, Algorand, TrueGBP, and Basic Attention Token.

    Winner in Earn/Staking Rewards

    This round is a draw, both crypto exchanges excel in different aspects. While Swyftx offers high APYs, supports more coins for staking.

    Swyftx vs. Usability

    Swyftx Usability

    Swyftx is easy to use for beginners and they even offer a free Demo Mode that you can use after opening an account. The demo mode enables users to trade crypto with $10,000 in fake money. This provides an immersive experience for newbies so they don’t need to add their funds.

    Swyftx also allows users to buy cryptocurrencies instantly with the Australian Dollar. So you don’t have to exchange AUD for EUR or USD. There’s also live chat support to help beginners and new users get a grip on the exchange. 

    For advanced traders, Swyftx supports a list of diverse features including Portfolio Tracking, Recurring Orders, automatic buys and sells, an OTC desk, real-time pricing, Tax Reporting, Coin Swaps, and crypto bundles. That said, Swyftx does offer advanced markets like margin trading, futures, or P2P trading. 

    Swyftx offers a mobile app that is available for iOS or Android devices. Usability’s trading central hub is its mobile app, which is available on the Google Play Store and Apple App Store. The crypto exchange is more geared towards expert traders. So if you’ve previously used a mobile app to trade Forex, for example, using would be quite easy

    Using the app, you can easily find your portfolio and the list of supported digital currencies. On the app, you’ll be able to access all features needed for seamless trading that offers including cryptocurrency staking, payments, and signing up for the credit card.

    That said, the chart tools it offers are quite basic and don’t provide a large amount of data. On each cryptocurrency’s page, you’ll find a short overview and hyperlinks to information on the coin and its blockchain. So you make an informed decision. The cryptocurrency exchange supports AUD alongside other fiat currencies like USD and GBP. This gives flexibility to Australians in other countries to easily make payments.

    Winner in Usability

    The usability round ends in a draw. Both crypto exchanges have their strength. Swyftx is best for new traders while is recommended for expert crypto investors. So the best platform to use will depend on your trading level.

    Swyftx vs. Customer Service

    Swyftx Customer Service

    Swyftx offers customer service via phone and email at It also has a help center with articles and guides on how to use the platform.

    Swyftx Customer Support Customer Service offers customer service via email, phone, and live chat. It also has a well-equipped Help Center with loads of helpful articles on how to use the platform.

    Winner in Customer Service

    Swyftx wins in customer service. It has a 4.4 stars rating on Trustpilot., on the other hand, has 2.2 stars rating.

    Conclusion: Final Verdict wins this war. The crypto exchange is one of the leading crypto exchanges in the world and offers more features for seasoned crypto enthusiasts like its NFT marketplace, staking, and advanced markets like charts.

    It is also a great option for Australians as it supports AUD deposits, bank transfer and other payment methods convenient for most Australians. The exchange is one of the few platforms available to Australians that charges low trading fees. Swyftx, on the other hand, though easy to use, charges very high trading fees when compared to other platforms and does not support NFT trading and most expert traders will find its features quite basic.

    Overall Winner wins with a 4/5 rating


    Most frequent questions and answers is a great crypto trading platform for Australians as it has the Australian Financial Services License (AFSL) and is regulated by AUSTRAC. It also enables users to pay for coins using the Australian Dollar.

    Cold wallets are the safest type of wallets in Australia. Some good options include Ledger and Trezor.

    Yes, because Swyftx is an AUSTRAC-regulated exchange and may be required to share KYC data with relevant authorities of which the ATO is one. This is a means of ensuring tax compliance.

    Yes, when compared to other Australian crypto exchanges like and Binance Australia which charge competitive trading fees (less than or equal to 0.10%), unlike Swyftx which charges 0.60% in fees. Swyftx does not charge deposit fees.

    Go to the app and then “Accounts”. Next, open the wallet and hit the “Transfer” button then “Withdraw” then. “External Wallet”. Tap in the ” +Add Wallet Address”. Pick the cryptocurrency you intend to withdraw and the network to use. Next, enter, scan, or paste your Swyftx withdrawal address.

    Enter your mobile verification code. After, saving your wallet address. Tap the “Transfer” button then withdraw. Pick “External Wallet. Find the newly added wallet address, follow the on-screen instructions, enter the amount, and tap withdraw.

    Yes, if the assets received in card rewards are sold or disposed of via transactions.