SWYFTX REVIEW

Rating

(96 User Ratings)

Currencies

Australian Dollar (AUD)ūüá¶ūüáļ

Available Cryptocurrencies

Available 100+ Cryptocurrencies

Table of Contents

Are you tired of getting inconvenienced by the unscrupulous practices in other cryptocurrency exchanges? Do you think it is about time you make the switch and bid these shenanigans-full digital currency exchanges farewell for good? You do not have to feel anxious or worried because learning about Swyftx will resolve your concern.

The Australian cryptocurrency exchange is the one you need because its founders built it with security and transparency as the focus. You surely would get the breath of fresh air you deserve. Hence, do not linger. Keep reading this online discussion to know more about the benefits of trading at and shifting to Swyftx now!

PROS
  1. User-Friendly Interface: Swyftx is known for its user-friendly interface, making it accessible to both beginners and experienced traders.

  2. Wide Range of Cryptocurrencies: Swyftx supports a diverse range of cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as numerous altcoins.

  3. Fiat Support: Swyftx allows users to trade with fiat currencies (AUD), making it convenient for Australian users who want to enter the cryptocurrency market directly with their local currency.

  4. Mobile App: Swyftx provides a mobile app that allows users to manage their portfolios and trade cryptocurrencies on the go.

  5. Advanced Trading Features: Swyftx offers advanced trading features, including limit orders, stop orders, and other tools, catering to the needs of more experienced traders.

  6. Educational Resources: Swyftx provides educational resources and guides to help users understand and navigate the cryptocurrency market.

  7.  
CONS
  1. Fees: Some users find the trading fees on Swyftx to be relatively higher compared to other exchanges, especially for certain transactions and payment methods.

  2. Limited Geographic Availability: Swyftx primarily focuses on the Australian market, and its services may not be available to users in other regions.

  3. Verification Process: The verification process on Swyftx can take time, and some users have reported delays in the approval of their accounts.

  4. Limited Payment Options: Swyftx may have more limited payment options compared to exchanges in other regions. Users should check which payment methods are supported.

  5. Dependence on External Wallets: While Swyftx provides a wallet service, some users may prefer to have more control over their private keys and use external wallets for added security.

  6. Limited Institutional Services: Swyftx may not offer as many institutional services compared to some larger international exchanges, which could be a limitation for professional traders.

  7.  

History and Offerings of Swyftx

  • In 2017, Alex Harper and Angus Goldman founded¬†Swyftx¬†Cryptocurrency Exchange Australia. In the financial and blockchain technology markets, these two Brisbane-based entrepreneurs hold more than ten years of collective experiences under their belts. As of 2020, Harper is the chief executive officer of¬†Swyftx, while Goldman is the chief technology officer.¬†
  • The founders of the digital currency exchange desired to resolve the many dilemmas of Australian traders, such as dated user interfaces, a distinct shortage in excellent customer service, inferior education practices, and high costs. Also, Harper and Goldman are well aware of the traders‚Äô longstanding frustrations due to the high spreads by profiteering cryptocurrency exchanges, deception, hyper-inflation, and manipulation. Thus, they formed¬†Swyftx, intending to eliminate frequent disappointments traders have gotten inconvenienced with at other well-established virtual currency exchanges.¬†
  • The Milton, Australia-based trading platform and virtual currency exchange, possesses a permit to operate from the Australian Transaction Reports and Analysis Centre or AUSTRAC. Also,¬†Swyftx¬†combines all your preferred digital currency exchanges, news, education, and trading tools all in one easily navigable platform.¬†
  • Furthermore, the Australian cryptocurrency exchange facilitates the purchasing, trading, and selling of Ripple‚Äôs XRP, Bitcoin, Ethereum‚Äôs Ether, Litecoin, and altcoins. You can enjoy the most budget-friendly fees and prices, secure wallets, and instant document verification as well.
  • You can also chart all combinations against Bitcoin, the US Dollar, and Australian Dollar on TradingView, get the latest updates on over 100 listed virtual assets, and deposit and withdraw using Australian Dollar instantly.¬†Swyftx¬†allows you to relish seamless access to billions in trading volume and perform Dollar-cost averaging or DCA utilising recurring buying orders.
  • You can make your trading as simple as possible through depositing your hard-earned Australian Dollars to¬†Swftx. Plus, you can surely enjoy a transparent and straightforward method of investing in digital currencies in this Australian digital currency exchange. As you can see, you certainly do not have to bounce your cryptocurrencies between various digital currency exchanges that make you feel doubtful due to their shady practices.
  • ¬†

4 Benefits of Trading at Swyftx

You will surely get lots of advantages when you choose to trade at Swyftx Cryptocurrency Exchange Australia. This trading platform is a registered digital currency exchange under the AUSTRAC. Discover some of these benefits which are the following:

1.Security is a foremost priority.

You can enjoy layered security at Swyftx. This digital currency exchange puts the utmost premium on guaranteeing a safe trading experience to their clients. Also, independent security professionals subject the virtual currency trading platform to regular penetration testing. The layered security feature complements the Two-Factor Authentication or 2FA and breached password detection protective measures as well.

2.You can get the best prices that get updated in real-time.

At Swyftx, you can relish market rates that never get inflated. Also, this cryptocurrency exchange features small spreads that are five times lower and trading costs twice cheaper compared to their closest virtual currency exchange rivals.

3.You enjoy unprecedented liquidity.

Binance may have offered this benefit, but you can get a better deal at Swyftx. Trying this cryptocurrency exchange features billions in liquidity. The brokers trade across multiple order books and international exchanges, so you get the ultimate. 

4.With the instant verification process in place, you can save more of your precious time.

Seventy per cent of Swyftx’s Australian users get verified within two minutes of making their cryptocurrency accounts. You do not have to upload documents or undergo manual processing. You simply need to point, click, and verify!

These four tremendous advantages are what you can expect when you join Swyftx. You can relish trading with stop-losses and rake in profits and triggered orders. As you can see, you can undoubtedly get the keys to successful virtual currency trading with the mobile-friendly Swyftx cryptocurrency exchange!

How to Begin Trading at Swyftx

You do not have to worry about undergoing a lengthy procedure and getting your time wasted. At Swyftx, you can follow these four easy steps to begin buying or selling your chosen cryptocurrency. 

1.Set up your trader’s account.

You can make your free Australian digital currency exchange account by filling in your name, e-mail address, phone number, and password. Also, you should indicate that you agree with Swyftx’s terms and conditions.

3.Authenticate your identity.

You do not have to upload any documents. Also, you do not have to wait for any approval. You simply need to verify your phone number, e-mail address, and ID instantly.

3.Send your deposit.

Send money to your Swyftx cryptocurrency account to deposit up to A$20,000 or Bitcoin immediately. You can perform this step via PayID, bank transfer, POLi, or OSKO.

4.Begin cryptocurrency trading.

As soon as your deposit gets cleared, you can commence trading with Stop, Limit, and Market orders across more than 100 virtual assets.

As you can see, performing these four easy steps takes merely less than five minutes. You should not think twice of signing up because the ultimate trading experience is undoubtedly going to be within your reach at Swyftx!

FREQUENTLY ASKED QUESTIONS

Swyftx features multiple security layers that guarantee the security of their customers’ funds. Also, this cryptocurrency trading platform has inked a partnership agreement with Auth0. The latter specialises in cloud platform security to maintain the highest level of account and password safety. Besides, at Swyftx, you can feel assured that your trader’s account is safe, thanks to the Two-Factor Authentication or 2FA technique. You need to have your password and your smartphone to log in successfully. The 2FA is necessary to confirm specific high trade volumes, withdrawals, and account information modifications.

Swyftx offers more than 100 digital assets against base pairs US dollar, Australian Dollar, and Bitcoin that consist of: 1. Bitcoin (BTC) 2. Bitcoin Cash (BCH) 3. Ethereum (ETH) 4. Basic Attention Token (BAT) 5. Ripple (XRP) 6. Stellar Lumens (XLM) 7. Litecoin (LTC) 8. Tezos (XTZ) 9. Cardano (ADA) 10. Neo (NEO) 11. EOS (EOS) 12. Algorand (ALGO) 13. Theta (THETA)

The fee structure of Swyftx consists of a flat trading cost of 0.6 per cent. Moreover, the deep liquidity on the virtual currency exchange gives users with spreads as low as 0.2 per cent between the sellers and buyers, as well as diminished slippage. You should also remember that deposits below $200 will attract a fee of $2. The minimum deposit amount is $30.

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