Swyftx

Swyftx is a top-rated Australian crypto exchange that was built to offer better spreads and lower fees than existing local competitors. It aggregates liquidity from top global exchanges to offer the best possible prices to Aussie investors. Swyftx offers a demo mode for beginners to practice trading without risking real money.

The platform supports over 320 assets and offers features like recurring buy orders, tax reporting tools, and a portfolio tracker. Swyftx has expanded to New Zealand as well. It is a legitimate, AUSTRAC-registered exchange that is highly praised for its customer service and modern app design.

Frequently Asked Questions

1. specific trading fees?

Swyftx charges a flat trading fee of 0.6% on buy and sell orders. While higher than some global exchanges, the spreads are very tight because they aggregate global liquidity, often resulting in a better final price.

2. Is there a demo mode?

Yes, Swyftx offers a fully functional Demo Mode. You can switch between your real account and demo account instantly to practice trading strategies with virtual funds before committing real capital.

3. Can I automate my investing?

Yes, Swyftx allows you to set up recurring orders (Auto-Invest). You can schedule deposits from your bank account to automatically buy specific coins or bundles on a daily, weekly, or monthly basis.

4. Is Swyftx regulated?

Yes, Swyftx is registered with AUSTRAC in Australia and the FMA in New Zealand. They comply with strict anti-money laundering (AML) and counter-terrorism financing (CTF) laws.

5. How fast are deposits?

Deposits via PayID and OSKO are typically instant, allowing you to fund your account in seconds. Standard bank transfers can take 1-2 business days depending on your bank.