Swyftx Review 2025

·

Swyftx continues to stand out as one of Australia’s leading cryptocurrency exchanges in 2025. With a user-first design, strong regulatory compliance, and a commitment to security and education, it has earned its reputation as a top choice for both beginners and intermediate investors. While it may not cater to advanced derivatives traders, its intuitive interface, low fees, and robust support system make it an ideal platform for those entering or growing within the crypto space.

This comprehensive review dives into Swyftx’s features, fees, security, customer support, and unique offerings to help you determine if it’s the right exchange for your investment journey.

What Is Swyftx?

Swyftx is an Australian-based cryptocurrency exchange founded in 2017 by Alex Harper and Angus Goldman. Headquartered in Brisbane, the platform serves over 700,000 users across Australia and New Zealand, especially following its strategic expansion and merger activities in the region.

The exchange supports more than 440 cryptocurrencies, allowing users to trade popular assets like Bitcoin (BTC), Ethereum (ETH), and a wide range of altcoins. Its clean, customizable interface makes navigating trades simple, while built-in tools like demo mode and recurring buys empower users at all experience levels.

Swyftx is particularly known for fee transparency, offering clear trading costs and tight spreads—setting it apart from other Australian exchanges that often hide additional costs through inflated spreads.

👉 Discover a secure and easy way to start trading crypto today.

Is Swyftx Safe and Legitimate?

Security is a top priority for any crypto investor—and Swyftx delivers on multiple fronts.

The platform is registered with AUSTRAC, Australia’s financial intelligence agency, and complies with Anti-Money Laundering (AML), Know Your Customer (KYC), and Counter-Terrorism Financing (CTF) regulations. This ensures all user activities are monitored and reported in line with national standards.

Swyftx employs industry-leading security protocols:

Notably, Swyftx has never experienced a security breach since launching in 2019. While it does not currently offer insurance for crypto or fiat held on the platform, its clean track record and rigorous security framework contribute to high user trust.

However, as with all exchanges, users are encouraged to take personal responsibility by enabling 2FA and using strong passwords.

Swyftx Fees: Competitive and Transparent

One of Swyftx’s strongest advantages is its transparent and competitive fee structure—especially compared to other Australian platforms.

Trading Fees

Swyftx charges a flat 0.6% trading fee on all buy, sell, and swap transactions. This applies whether you're trading AUD for crypto or exchanging between digital assets.

High-volume traders can benefit from tiered discounts, reducing fees down to as low as 0.1% based on monthly trading volume.

Compared to competitors like Coinspot—which often charge around 1%—Swyftx offers better value, particularly for regular investors.

Deposit & Withdrawal Fees

There are no withdrawal fees for AUD or cryptocurrency, which is rare among local exchanges. Daily limits are set at $50,000 AUD per transaction but can be increased upon request.

Spreads

Swyftx stands out for its tight spreads, starting as low as 0.45% and averaging around 1.7%—significantly lower than some competitors who charge over 4%. These visible spreads ensure users aren’t caught off guard by hidden costs.

Key Features That Set Swyftx Apart

Demo Trading Mode

New to crypto? Swyftx offers a fully functional demo mode with $10,000 in virtual funds. This feature allows beginners to practice trading strategies risk-free while getting familiar with the platform’s layout and tools.

👉 Practice trading with zero risk and build confidence before going live.

Recurring Buy Orders (Dollar-Cost Averaging)

Swyftx supports recurring orders, enabling users to automate purchases across any of the 440+ supported assets. This dollar-cost averaging (DCA) strategy helps investors accumulate crypto over time while minimizing the impact of market volatility.

Crypto Bundles

Looking to diversify? Swyftx offers nine curated crypto bundles—similar to ETFs—that group assets by theme or sector:

These bundles simplify portfolio construction and reduce exposure to single-asset volatility.

SMSF & Business Accounts

Australian investors can integrate crypto into their Self-Managed Super Funds (SMSF) via a dedicated account process. Swyftx provides guidance and consultations to help users comply with ATO regulations.

Additionally, the platform supports business and trust accounts, ideal for professional traders or crypto-related enterprises.

OTC Trading Desk

For high-net-worth individuals and institutions, Swyftx offers an Over-the-Counter (OTC) desk for trades exceeding $100,000 AUD. This service provides better pricing, reduced slippage, and access to global liquidity across 280+ cryptocurrencies.

Tax Reporting Integration

Swyftx simplifies tax compliance by integrating with leading tools like Koinly and Crypto Tax Calculator. Users can export trade history as CSV files or connect directly via API to generate accurate ATO-compliant reports.

Mobile App Experience

The Swyftx mobile app (available on iOS and Android) mirrors the desktop experience with a sleek, responsive design. Key features include:

With a 4.6-star rating across app stores and hundreds of thousands of downloads, the app is well-regarded for reliability and ease of use.

Customer Support & Learning Resources

Swyftx excels in customer service:

User satisfaction is reflected in its ratings:

The platform also hosts a full learn section, offering educational content on blockchain basics, trading strategies, and market trends—perfect for newcomers.

Frequently Asked Questions

Is Swyftx a legitimate exchange?
Yes. Swyftx is a registered Australian business compliant with AUSTRAC regulations. It has operated since 2019 with no reported security breaches.

Can I store my crypto on Swyftx?
Yes, but it's recommended to transfer large holdings to a hardware wallet for added security. Swyftx acts as a custodial exchange, not a personal wallet.

Does Swyftx offer derivatives trading?
No. The platform does not support futures, options, or perpetual contracts. Advanced traders may need to explore alternative platforms.

How long does verification take?
Most KYC verifications are completed within minutes using a government-issued ID uploaded via smartphone.

Are there any hidden fees?
No. Swyftx emphasizes transparency with clear trading fees and visible spreads—unlike some competitors that rely on hidden markups.

Can I automate my investments?
Yes. Use recurring buy orders to implement dollar-cost averaging across any supported asset or crypto bundle.

👉 Start building your crypto portfolio with confidence on a trusted platform.

Final Verdict: Who Should Use Swyftx?

Swyftx is an excellent choice for:

While it lacks advanced derivatives—a drawback for expert traders—its focus on security, transparency, and user experience makes it one of the most reliable exchanges in Australia.

Whether you're starting small or managing a diversified portfolio through SMSF or business accounts, Swyftx provides the tools and trust needed to navigate the evolving world of cryptocurrency in 2025.

Core Keywords: Swyftx review 2025, best Australian crypto exchange, Swyftx fees, crypto trading Australia, Swyftx demo mode, SMSF crypto investing, recurring crypto buys, secure crypto exchange