33. Swyftx crypto platform – a review

Note: This is not a paid review, but my opinion only. Please do your research. I am also not providing any investing advice and I recommend you approach your financial advisor for expert advice.

Disclosure: The links provided in this blog are affiliate links. I will be paid a commission if you use this link to make a purchase.

Image credits: Dashboard and website images belong to Swyftx, and product review images belong to Product Review and Trust Pilot.

While studying cryptocurrency exchanges & influence across the world, I thought more about who the major brokers in the Australian crypto market could be. There are some large brokers from international regions, like the USA, but setting up accounts, identity verification, transfer of funds, etc, can be a slightly long process, especially if they don’t have a local office. Better if the exchange was Australian itself!

In this article, I wanted to introduce one such cryptocurrency exchange that I came across – Swyftx.

Based in Brisbane, Swyftx proclaims to be “Australia’s most progressive Cryptocurrency exchange”, allowing you the below:

to trade in 320+ crypto assets!

That’s more than enough for your needs!

Great reviews

This is what I found great about Swyftx:

  • plenty of positive reviews
  • local support
  • quick setup
  • easy transfer of A$
  • trustworthy
  • Positive Reviews

It’s probably why they have over 600,000+ signed-up users!

On Trust Pilot, Swyftx has a rating of 4.7/5 compared to other cryptocurrency exchanges on the Australian market!

On Product Review, they have a 4.6/5. Not bad at all.

A majority of the users have commented about the same benefits I shared above, but many others commented on low fees too.

I put a lot of emphasis on reviews. No matter what I buy online, I would like to read through the experiences of other customers. You can learn a lot from it and make the right decision. I visit online forums also like Reddit to see what discussions are happening there on the same subject or company I am researching.

Local Australian Support

This is so important! If you are new to cryptocurrency trading, you need a helping hand. I found the chat support team at Swyftx fantastic! They were responsive and operated on AEST time, leaving them available for all your queries if you’re currently living in Australia.

Not only does Swyftx respond to your questions within 2-5 minutes, but they were available till 10 PM once!! To compare, a US crypto exchange that I was in conversation with, took 24 hours to reply over 5 days!

Having someone consistently available to respond to my questions about Swyftx’s crypto exchange is a great confidence booster for sure. The support team at Swyftx can not only help you with account setup queries but also with crypto knowledge. Swyftx’s support team will send you articles on crypto trading if you are a beginner. They are so PATIENT!

And I love those Intercom chat boxes!


So important too!

Besides their local office, Swyftx is also registered with AUSTRAC.

AUSTRAC is responsible for preventing, detecting, and responding to criminal abuse of the financial system to protect the community from serious and organized crime.

This registration gives you the confidence that you are dealing with a company that cares about your investment and is here to stay.

Setting Up a Swyftx Account

I didn’t time it, but I reckon it took a minute to set up a Swyftx account, about 5 minutes to get the preliminary docs verified, and about 5 seconds for funds transfer!

My Swyftx account setup started with the basic details – email, password, name, residential country. Once that’s done, you have a basic KYC (Know Your Customer) validation conducted, which includes sending a selfie of yourself. This verification is quick and when completed, you can buy & sell cryptocurrencies in Australia.

But if you want more privileges on Swyftx, you can upgrade to a GOLD account where you furnish more identification documents. The Gold verification can take a few hours depending on their workload & backlogs.

Once you are approved, the Swyftx dashboard is easy to use. If you get stuck, the chat box is nearby to shoot a quick question across to the support team.

You can change the layout to suit your preferences:

ASSET INFO: What I liked in the dashboard was the INFO section where they have a writeup about every crypto asset they have on their exchange. This saves time as you don’t have to Google to get more info.

DEPOSIT: Swyftx also offers a RECURRING DEPOSIT feature where you can set up monthly deposits from your bank to your Swyftx account, which will then be spread across the coins you spend. You can choose your mix of coins and their calculator will tell you what the monthly deposit should be. There is a fee for this service.

Transfer of funds

The benefit of dealing with an Australian exchange like Swyftx is the ability to deposit money from your local Australian bank quickly. I find PayID to be the fastest and is almost an instant deposit of A$ to your Swyftx account. But depending on your bank, it could take longer. Once the money hits your account, you can buy the many cryptocurrencies they have on their website.

Other helpful info

They are active on social media, especially Twitter/X: @SwyftxAU

On Reddit also: r/Swyftx

Mobile App

Yes, they have that too!

Happy days!

So, there you go. That’s all I wanted to share with you for now – a small write-up about my experience with the Australian-based cryptocurrency exchange known as Swyftx. I highly recommend them and hope you like using them too!

Affiliate DisclosureThis post may contain affiliate links, which means we may receive a commission, at no cost to you, if you purchase through a link. Please see our full disclosure for further information. If not otherwise stated, all prices are intended in US$.

Leave a Reply

Your email address will not be published. Required fields are marked *