QTUM, Basic Attention Token In order to show our appreciation for the continued support received from our users, KuCoin is now launching a new Tiered Trading Fee Discount Program. 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. The live chat support feature is very useful to beginners that need guidance with creating an account, completing ID verification, depositing funds or using the exchange to buy and sell coins. You can learn more about how we make money. There is a standard trading fee of 0.6% for all buy and sell orders, which is lower than the industry average. Having written for Alternative Assets, PianoDreamers and YeahAustralia in the past, his passion for language and creativity with words drives his work. How likely would you be to recommend finder to a friend or colleague? Coupled with rapid AUD deposit and withdrawal methods, 0.6% trading fees, and the ability to stake the best coins to earn rewards, Swyftx is great for beginners and intermediate investors alike. Click here to embed this table into your website. Swyftx is one of the exchanges from "the land down under" (Australia) and it was launched in 2018. . Swyftx features compared to other Australian crypto providers. The competitive trading fees of 0.6% per trade with low spreads are a clear stand out compared to other exchanges in the industry. Refer your friends to start saving on Swyftx thanks to low fees and spreads. Most withdrawals are processed through OSKO and only take a few minutes to complete. Swyftx allows you to withdraw and deposit AUD free of charge and trading fees are 0.6%. TRX, Polkadot BTC, Ethereum Cryptocurrency staking on 17 tokens with APY (yields) up to 65%. There are of course two sides of the same "coin" here (a large number of supported cryptos that is). Most crypto transfers will take less than an hour. 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. Fees for buying $1,000 of Bitcoin. If you meet certain eligibility criteria, Swyftx can help build out your self-managed super fund portfolio to include crypto. For example, the Swyftx Top Traded Altcoin bundle includes an equal 20% allocation to buy the most altcoins coins including Shiba Inu, Ethereum, Solana, Cardano, and Decentraland. Each platform has its own advantages, and you may find yourself using a combination of features from both. However, we aim to provide information to enable consumers to understand these issues. It offers the second widest selection of tokens out of any platform in Australia, and offers the lowest trading (instant buy) fees at just 0.6%. According to Cryptowisser.com's latest empirical study, the industry average spot trading taker fees were 0.221% and the corresponding spot trading maker fees were 0.177%. It is a centralized exchange with a large number of supported cryptos (280+). Swyftx uses automaticallyoptimizes each crypto order across multiple exchanges' order books to provide higher liquidity on trading pairs (e.g. Assets are of a good standard, and can be profitable. We are also a Corporate Authorised Representative of Countrywide Insurance Group Pty Ltd trading as "Austbrokers Countrywide" ABN 51 586 953 292 AFSL No. At $0, users on Gainium can use unlimited grid bots, DCA bots, backtesting, paper trading, TradingView integration, TradingView signals, API access, and complete documentation. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. This is the trading view at Swyftx when you swap cryptos: It is up to you and only you to decide if the above trading view is suitable for you. Many exchanges divide between takersandmakers. Fiat Deposit $ 0 Daily deposit limit up to 50k NZD Minimum withdrawal of $30 NZD $10 NZD withdrawal fee Trade Trading Fees % 0.6 Additionally, exchanges usually charge a so-called spread between ask and bid price. The increased liquidity results in lower spreads (i.e. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Rather, Swyftx acts as a broker where orders are sent to Swyfx, who buys or sells cryptocurrency on your behalf. Deposit Fees: $2 on fiat deposits under $200. Submitting KYC information is mandatory to start trading on Swyftx. The trading fee is normally a percentage of the value of the trade order. Swyftx is increasing efficiencies, reducing fees, minifying spreads, and simplifying the deposit, withdrawal and trading processes of digital currencies. Secure login etc. Swyftx offers live chat support, articles and tutorials in its help centre. I compared Doge and Shiba with two other platforms named coinspot and the digital surge. The major downside of the platform is that its services are currently limited to residents of Australia. Go to
Spread Everyone knows to check for the fees when you are comparing crypto exchanges, but beginners may not think about the spread. Get started in minutes with fast GBP deposits and low fees. The best approach is to withdraw funds from a Swyftx wallet to a hardware wallet. If you're a high-volume trader, Swyftx offers an over-the-counter (OTC) desk for trades of $100,000 or more. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. What Are Swyftx Fees: How Much Does Swyftx Charge? When it comes to deposit and withdrawal fees, both exchanges offer zero AUD deposit and withdrawal fees when using Bank Transfer, PayID and Osko. They steal from customers in both buy and sell. Swyftx has free fiat deposits and withdrawals, regardless of payment method. Takers are the one who take an existing order from the order book. Customer accounts andwallets are kept safe using 2FA and cold wallet storage. This means users require something they know (password) and something they have (2FA device) to successfully log in. If you're comfortable using a global exchange that may not offer AUD deposits or provide local support, there are options with lower fees. This spread and the trading fee are factored into the price you see before you confirm your trade. Some prefer to do their crypto trading via their mobile phone. Other payment methods can take anywhere between 2 to 6 business hours. A particularly handy feature of Swyftx is the ability to customise the user dashboard to your needs. At this exchange, they don't divide between takers and makers. Your experience on this site will be improved by allowing cookies. Since cryptocurrency withdrawals are an option there is no upper limit on maximum withdrawals and there is no lower limit for minimum withdrawals. Customers can withdraw any amount of AUD to a bank account without charges. Most of the reviews on both platforms point out how easy the application is to use and navigate.. It is a trusted and reputable platform with over 600,000 users. To this end, the platform has some unique features. Facebook icon The platform has an informative blog called SwyftX Learn that is full of useful guides, tips, courses and even quizzes to test your crypto knowledge! Swyftxprovides a secure wallet for its users to store and hold cryptocurrency assetsafter purchasing, trading or selling activities. If there is a lack of trading activity for a particular coin, the spread fee can increase due to the lack of liquidity available. Finder Wallet's services are not covered by the Australian Government Guarantee on Deposits. Swyftx also offers low trading fees and spreads, a demo mode, and FREE $20 BTC with this link. The deep liquidity available gives users tight spreads from 0.45% and reduced slippage. Its worth mentioning that the platform has never been hacked or been subject to a cyber attack once since it opened in 2017., The SwyftX mobile app offers the exact same functionality and UI as its web counterpart. The fees and spread costs are very competitive for AUD pairs in comparison to other Australian exchanges. Refer to the list below for a high level overview of the supported tokens and their corresponding yields (returns). $20 Bitcoin for creating a verified account, Bitcoin, Ethereum, XRP, Cardano and 300+ others, Bank transfers, POLI, PayID, credit card & debit card. Download our App and buy, sell and trade Crypto anywhere at any time. You can also browse the wide range of cryptocurrencies, and customise what you want to see. Swyftx's trading platform features a mobile trading app that allows its users to buy, trade and sell cryptocurrencies on mobile devices. For a full list of fees, visit the website. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. In turn, you will pay a commission of 0.20% if you traded less than 6,000 in the prior month. Swyftx offers "bundles" which allow you to purchase a collection of crypto assets in a single transaction. The exchange also has a presence in multiple social media platforms including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube. Buy Bitcoin. Luckily for you, if you go to the Exchange Listand use our exchange filters, you can sort the exchanges based on whether or not they accept US-investors. Debit card (first exchange in Australia to offer credit & debit cards). LINK, Monero The minimum deposit amount is $30 with a maximum limit per account of $50,000 with full verification. Does Swyftx have a withdrawal limit? The standard spot trading fees are equal for the taker and the maker, and they do not depend on the asset or the volume of the actual transaction. Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. Finder Wallet Pty Ltd is not a bank and does not offer banking services. Swyftxs goal is to enable Australians to trade cryptocurrency in the easiest and most convenient manner possible. Will FTT be delisted or suspended across the Swyftx platform? You can read our full methodology here. Swyftx executes all trades at market value, making their fees some of the lowest in Australia. Once approval is obtained, funds can be deposited and cryptocurrencies such as Bitcoin can be purchased as long-term stores of value. Summary: SwyftX is Australias second largest cryptocurrency exchange, and it is also available to New Zealand residents. This means that both takers and makers in a deal pay 0.10% in fees. We may receive compensation from our partners if you visit their website. Swyftx does not charge a fee for deposits and withdrawals, and their trading fees are 0.6%. Banks are covered by a Government Deposit Guarantee. Fiat deposits & withdrawals: 0% fee. This is partly due to Swyftx being a broker which obtains crypto pricing from other exchanges. These fees are determined by the blockchain network in which the transaction is occurring on and can change without notice due to congestion on that network. . SwyftX Learn, a feature that educates users through informational blogs and provides online courses and quizzes.. Getting startedCreate an account with Swyftx by clicking the sign-up button. As a result, for $1,000 worth of BTC you'll pay $10. Screenshot of Swyftx bundles to purchase groups of cryptocurrencies. If it's your first time withdrawing or you're withdrawing to a new bank account, you'll need to first add a bank account to withdraw funds. When your friend meets the eligibility criteria, we'll reward you and your friend with $10 of Bitcoin! It offers a mobile application that has an even cleaner interface than the desktop version. Swyftx also emphasises having tight spreads, coming in at a low of 0.4% for a small selection of cryptocurrencies. Its a great place to come for crypto beginners and experienced traders. Easy Crypto Ease of Use However, as always, there are network fees involved when making a transaction. These fees are not paid to Swyftx. The daily withdrawal and deposit limit for accounts on Swyftx is AUD 20,000. It offers competitive pricing (the lowest in Australia), a wide selection of tokens to trade and high yields on crypto staking. The bar on the left is the primary navigational menu to bring up the trade window, change profile details, and quick navigation to Swyftx deposit and withdraw functions. \. Swyftx does not charge any fees for AUD deposits made with any of the available methods. The charts offer a wide range of time frames and price chartpairings against AUD, USD and Bitcoin. MEXC Global does not charge deposit fees, but fees will be incurred when purchasing cryptocurrencies with third-party payment providers or credit cards. Bibox, Binance, Coinspot, HitBTC, and Kucoin offered the lowest taker fee of the surveyed exchanges at 0.1%. Swyftx runs an affiliate program offering 30% commission on every trade made by participants' referrals. Withdrawing crypto from Swyftx will incur a fee depending on the coin, and withdrawing fiat currency (NZD) will cost $10 NZD, with a minimum withdrawal amount of $30 NZD. Reviews 24/7 customer support via live chat, phone, email and help centre. To ask a question simply log in via your email or create an account. If you just want to buy cryptocurrencies at the current price, navigate to the coins buy page for a market order (Instant Buy/Sell Order). Some of the key features that make SwyftX a top choice for crypto traders include: Not at all, in-fact SwyftX has the lowest Instant Buy trading fees in Australia at a low 0.6% on all of its supported tokens. The information provided on this page is for educational purposes only and is not intended as investment advice. Seamless deposits and withdrawals from crypto and AUD alike. SwyftX Key Features 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. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow. Ultimately, you can cash out up to AUD 100,000 per day, which is much higher than international exchanges like Binance ($8,500) and Coinbase ($3,000) and the majority of Australian crypto exchanges like Digital Surge ($10,000) and CoinJar . Deposits or withdrawals under $200 are subject to a fee of $2. The table was last updated by Swyftx as of the 7th of July 2022. Supports AUD purchases: Limited but viable AUD deposits via credit card. In 2023, Weex released the English version of their website, which is what brings us to review this exchange. Buy and sell instantly with New Zealand's fastest and safest crypto retailer. Most crypto traders feel that desktops give the best conditions for their trading. 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. The best places to hold your crypto; securely, anymously, easily. The website also provides a comprehensive section with over 130 articles on how-to guides, tutorials and several frequently asked question articles. This exchange does not charge any withdrawal fees themselves. As an example, a traditional Australian cryptocurrency exchange will use its own order books for each trading pair. Swyftx offers a simple and transparent way for individuals to buy, trade and sell more than 310 cryptocurrency projects and surged to more than 600,000 customers nationwide. We encourage you to use the tools and information we provide to compare your options. The dashboard includes a top bar with the Bitcoin live price in AUD and other cryptocurrency assets. Trade Trading Fees % 0.6 High volume discounts apply No trading limits