Thanks to our global liquidity providers and banking partners, Swyftx offers lower trading fees, smaller spreads and quick and easy trading across New Zealand. Most crypto transfers will take less than an hour. Swyftx's website. The safest and easiest method to transfer funds to Swyftx is using PayID or POLi payment method with an Australian bank. A Brief Summary. Swyftx users can trust that they are enjoying some of the lowest spreads in the market, since the average market spread is 1.7%. Fees for buying $1,000 of Bitcoin. Having written for Alternative Assets, PianoDreamers and YeahAustralia in the past, his passion for language and creativity with words drives his work. Swyftx is increasing efficiencies, reducing fees, minifying spreads, and simplifying the deposit, withdrawal and trading processes of digital currencies. The trading fee is normally a percentage of the value of the trade order. To this end, the platform has some unique features. If you're switching exchanges. Spread Everyone knows to check for the fees when you are comparing crypto exchanges, but beginners may not think about the spread. Binance also has free AUD deposits and withdrawals. On a positive note, a large number of supported cryptos means that even the most exotic altcoin trader can stay at this platform and will not have to look elsewhere to cater for all his/her specific trading needs. New Zealand dollar withdrawals incur a fee of $10 NZD. Swyftx is our top-rated exchange to sell Bitcoin into AUD or another cryptocurrency. Swyftx supports a wide variety of methods to transfer funds to an account. Swyftx supports multiple fiat currencies allowing you to buy crypto with AUD, NZD or USD. LiteBit is a cryptocurrency broker based in Netherlands that launched its service in and offers individuals to buy and sell more than 14 cryptocurrencies. Swyftx vs CoinSpot Fees. The trading fee is normally a percentage of the value of the trade order. A secure guide to investing in cryptocurrencies with a Halifax Bank account in the United Kingdom. Cryptocurrency deposits are free, but there are no fiat deposits or withdrawals supported. The major downside of the platform is that its services are currently limited to residents of Australia. Extensive crypto support: MEXC supports 1,520 cryptocurrencies that investors can buy, sell, and trade in the spot and derivatives markets. Many exchanges divide between takersandmakers. Both had better rates in both buy and sell than Swiftx. Acceptance by insurance companies is based on things like occupation, health and lifestyle. Ben Knight is a contributing cryptocurrency writer for Finder. Swyftx has free fiat deposits and withdrawals, regardless of payment method. We provide tools so you can sort and filter these lists to highlight features that matter to you. In addition to phone support, users may also contact the SwyftX team via live chat, email (support@swyftx.com.au) and through its help centre. Trade over 260 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin. Further, Swyftx makes use of network monitoring, encryption protocols and regular third-party penetration testing to keep its systems safe and sound. For a full list of fees, visit the website. Only blockchain network fees are charged. Trading Download our App and buy, sell and trade Crypto anywhere at any time. Coinbase only supports debit card payments and charges a total of 4.49% for directly purchasing crypto. Network fees. LTC, TRON For makers, the trading fee is 0.02%, and for takers, it is 0.07%. If you meet certain eligibility criteria, Swyftx can help build out your self-managed super fund portfolio to include crypto. Download our App and buy, sell and trade Crypto anywhere at any time. XMR, Bitcoin Cash On the Google Play Store it is rated 4.8 stars from 3K reviews. Undoubtedly, the Coinbase card is one of the top options. Instant transfer with Osko payments (24/7), deposited directly from your bank account at the current exchange rate. The exchange has received a 4.7/5 star rating according to Trust Pilot reviews based on 3,828 customer reviews and comments. I have coins on exchanges including Swyftx, Binance, Independent Reserve, Gemini, Kucoins, and FTX. Customers can withdraw any amount of AUD to a bank account without charges. A verification link will be sent to your email and an SMS to your phone. Additionally, Swyftx employs many security best-practices like two-factor authentication. Uphold is a cryptocurrency broker based in United States that launched its service in and offers individuals to buy and sell more than 68 cryptocurrencies. Swyftx was recommended to me by my brothers who taught me about crypto currency about 18 months ago. Regulated by ASIC and registered with AUSTRAC. For deposits made in fiat money and cryptocurrencies worth more than $200, they don't impose trading limitations or levy swyftx withdrawal fees. In turn, you will pay a commission of 0.20% if you traded less than 6,000 in the prior month. Overall, Swyftx's fees are some of the lowest of any Australian exchange. Key features include 280+ altcoins, easy buying and selling with AUD, staking, 0.60% trading fees and a 0.90% total purchase fee when tested. There are no fees to deposit AUD from a bank account. Swyftx is a licensed and regulated company, registered with AUSTRAC (Australian Transaction Reports and Analysis Centre). Quick and easy sign-up process so you can start trading in under 2 min Buy instantly using AUD, with free secure deposits using PayID Over 300+ cryptocurrencies to buy, sell or trade Low and transparent fees of only 0.5% when buying, selling or trading Earn interest on 13 different coins There are a number of alternative exchanges like Swyftx with similar features that can also be considered such as CoinSpot, Digital Surge, and others. When your friend meets the eligibility criteria, we'll reward you and your friend with $10 of Bitcoin! Available Cryptos 320+ tokens to trade and 30+ to stake. Swyftx does not charge a fee for deposits and withdrawals, and their trading fees are 0.6%. Instead, they charge a "flat fee" of 0.10%. SwyftX is considered the second most secure crypto exchange in Australia after CoinSpot. Swyftx. Daily limits up to $100,000 AUD; A $2-charge on withdrawals below $200 AUD. The bundles are essentially collections or groups of crypto assets that can be purchased in a single transaction. SwyftX only offers instant trading and charges a 0.6% fee, which means they are the better trading venue for altcoins, but CoinSpot is better for larger market cap assets like Bitcoin and Ethereum. On the flip side, however, this might also mean that there could be more scam coins available for trading here. Swyftx Withdrawal fees This exchange does not charge any withdrawal fees themselves. Easy Crypto doesn't charge any deposit or withdrawal fees on its own side, only passing on the POLi provider fee and any network charges for transferring cryptocurrencies. Debit card (first exchange in Australia to offer credit & debit cards). No hacks have been recorded since Swyftx was founded in 2017. 2 document.addEventListener("DOMContentLoaded", function(event) { var numExchanges = 2; var noFiatCurrencies = "false"; if(numExchanges == 1) { var hotStatsBoxes = document.getElementsByClassName("hotStatsBox__paragraph"); for(var i = 0; i < hotStatsBoxes.length; i++) { var headerText = hotStatsBoxes[i].innerHTML; if(headerText.indexOf("Fiat") > -1) { if(headerText.indexOf("currencies") > -1 && noFiatCurrencies == "false") { hotStatsBoxes[i].innerHTML = headerText.replace("currencies","currency"); } } } } }); 326 document.addEventListener("DOMContentLoaded", function(event) { var numExchanges = 326; var noFiatCurrencies = "false"; if(numExchanges == 1) { var hotStatsBoxes = document.getElementsByClassName("hotStatsBox__paragraph"); for(var i = 0; i < hotStatsBoxes.length; i++) { var headerText = hotStatsBoxes[i].innerHTML; if(headerText.indexOf("Crypto") > -1) { if(headerText.indexOf("currencies") > -1 && noFiatCurrencies == "false") { hotStatsBoxes[i].innerHTML = headerText.replace("currencies","currency"); } } } } }); Were reader-supported and may be paid when you visit links to partner sites. Makers are the ones who add orders to the order book, thereby making liquidity at the platform. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. You must confirm all new withdrawal addresses by email and/or SMS. A particularly handy feature of Swyftx is the ability to customise the user dashboard to your needs. There is also a Swyftx referral code to claim $20 worth of free Bitcoin. A comprehensive review of the Australian cryptocurrency exchange, SwyftX. Click here to embed this table into your website. Debit card (first exchange in Australia to offer credit & debit cards) Credit card OSKO POLi PayID Cryptocurrency Transfers: free (except network fees). The platform is rich with innovative features to make buying cryptocurrency simple and affordable for Australians. This feature protects your account from unauthorized use whenever you log in to the platform and whenever you make a transaction in your account. Swyftx allows you to withdraw and deposit AUD free of charge and trading fees are 0.6%. Additionally, you need to provide a proof of identity (this is necessary to comply with anti-money-laundering regulations). Less than this amount, deposits are subject to a 2% charge. CoinSpot's specialised Over-The-Counter (OTC) Trading Desk allows members to perform high-volume transactions without the need of traditional public order books. Fiat Deposit & Withdrawal $ 0 Daily limits up to 100k AUD No fees on AUD deposits and withdrawals Trade Trading Fees % 0.6 High volume discounts apply No trading limits BCH, Stellar Lumens To get started buying and selling crypto on Swyftx, you'll need to create an account. Existing users on Swyftx can transfer crypto andconvert back to AUD. It offers a mobile application that has an even cleaner interface than the desktop version. Although, the platform is currently in the process of applying for it and looks to be accredited in 2022., In addition to the security certificate, SwyftX has implemented a variety of security measures to protect users funds including data encryption, Two-Factor Authentication, penetration testing, least privilege and breached password detection. Click here to embed this table into your website. How to withdraw crypto from Swyftx App Web App MEXC Fee Structure. Swyftx allows individuals to invest in more than 230 different cryptocurrencies. The platform is headquartered in Milton, Brisbane and has expanded operations into New Zealand, with support for Canada and the UK coming soon. S, E and C (the Securities Exchange Commission). The exchange also has a presence in multiple social media platforms including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube. Withdrawal fees and withdrawal minimums differ by asset type. Withdrawing Australian dollars from Swyftx to your bank account is a straightforward process that you can complete in a few steps. Swyftx Pros & Cons Pros: Impressive list of over 320 digital currencies to buy with AUD, USD, and NZD. For example, BTC deposits can take between 11 minutes and 1 hour to arrive. We have gathered some of the best merchants that accept crypto in one place. SwyftX Key Features Select the entire date range you traded on Swyftx Download the report Sign up to CryptoTaxCalculator In the drop down menu search for Swyftx Click the browse button and select the csv file downloaded from Swyftx Click the upload button Read this article for a list of Australian exchanges that offer to buy crypto with PayPal. There are several trading features that can be overlaid such as trend lines, indicators, and draw chart patterns to perfect an entry using a market, limit or stop order. Other payment methods can take anywhere between 2 to 6 business hours. Jed has been in the crypto industry since 2015 and has been writing and researching for large publications ever since. 24/7 customer support via live chat, phone, email and help centre. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. This fee is relatively competitive compared to other crypto exchanges, especially considering that Swyftx offers a wide range of cryptocurrencies and a user-friendly trading platform. Please read our website terms of use and privacy policy for more information about our services and our approach to privacy. Conversely, for sales this means that you can set a higher price at which you would like to sell as soon as the cryptocurrency reaches this price (limit order), or a lower price at which you would like to sell if the cryptocurrency dips below it (stop order) which helps minimise losses and maximise profits. You can read our full methodology here. The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). Fiat deposits & withdrawals: 0% fee. The Brisbane-based digital currency exchange isregulated by the governing body AUSTRAC which enforces financial laws to minimize the risk of criminals and money laundering. Cryptowisser.com's latest empirical study. So if youre from the US and would like to engage in crypto trading, you will have to look elsewhere. Description. There are of course two sides of the same "coin" here (a large number of supported cryptos that is). This makes FTX one of the most affordable exchanges, especially for high-volume traders. Importantly, SwyftX doesn't charge deposit or withdrawal fees for AUD transactions over $200. AUD or NZD can be deposited instantly into your crypto trading account. The Swyftx verification process is simple and can be completed in 2 minutes. bitFlyer is a cryptocurrency broker based in Luxembourg that launched its service in and offers individuals to buy and sell more than 4 cryptocurrencies. Most withdrawals are processed through OSKO and only take a few minutes to complete. Just released - our 2023 Crypto Trading Handbook. Deposit Fees: $2 on fiat deposits under $200. Two costs that need to be considered are the conversion and withdrawal fees. They steal from customers in both buy and sell. The speed to transfer Bitcoin or other digital coins will depend on the number of confirmations and network congestion at the time of the transaction. In this Swyftx review, we take a closer look at the platform to determine if it really is safe to use and better than the competition. Swyftx category rating KuCoin has a much lower trading fee of 0.1%, and using the KuCoin token (KCS) to pay the trading fee will earn you a 20% discount. Although we cover a wide range of products, providers and services we don't cover every product, provider or service available in the market so there may be other options available to you. The response time on support queries was exceptional during hours in our experience. Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. Web Address: www.swyftx.com.au Main location: Brisbane, Australia Mobile app: Android and iOS Deposit Methods: Bank transfer, POLi, Credit card, Debit card, OSKO, PayID, Cryptocurrency Trading Fees: 0.6% Deposit Fees: Free for all methods