Overview
Swyftx is a Brisbane-based exchange that has become a favourite for Australian traders thanks to low spreads, 300+ assets and one of the best trading interfaces in the local market.
Swyftx balances a clean, powerful app with genuinely competitive pricing and standout customer support. A free demo mode lets newcomers practise before risking real money, and everything is priced in AUD with AUSTRAC registration behind it.
Key features
- Low spreads from around 0.6 percent
- 320+ coins, all in AUD
- Free demo mode to practise risk-free
- Highly-rated app and local support
Fees & costs
Swyftx's spread starts around 0.6 percent and tightens on larger volumes — competitive for the Australian market. AUD deposits via PayID and bank transfer are generally free, and the fee is shown before you trade.
Security & trust
Swyftx passed our safety screen: it is AUSTRAC-registered, keeps the bulk of assets in cold storage, offers 2FA, and has a strong local reputation for support and reliability. It remains custodial, so enable 2FA and move long-term holdings to self-custody.
Pros & cons
👍 Pros
- Low spreads for the Australian market
- Excellent app and free demo mode
- Great local customer support
- Transparent AUD pricing
👎 Cons
- Australia and New Zealand only
- Fewer coins than CoinSpot
- Spreads still above global majors like Binance
Who it's for
✅ Good fit if…
Australians wanting the best balance of price, features and support — from first-timers using demo mode to active traders.
⛔ Look elsewhere if…
Users outside Australia and New Zealand, and traders chasing the absolute lowest fees on a global venue.
Frequently asked questions
Is Swyftx safe to use?
Swyftx passed our safety screen: it is AUSTRAC-registered, keeps the bulk of assets in cold storage, offers 2FA, and has a strong local reputation for support and reliability. It remains custodial, so enable 2FA and move long-term holdings to self-custody.
What are Swyftx's trading fees?
Swyftx's spot trading fees start from around 0.6% and fall with volume. Deposit and withdrawal fees vary by method, so check Swyftx's current fee schedule before trading.
Is Swyftx available in Australia?
Yes — Swyftx lists its availability as AU only. Always confirm it supports your country and payment method when you sign up.
Is Swyftx good for beginners?
Swyftx is best all-round australian exchange. Australians wanting the best balance of price, features and support — from first-timers using demo mode to active traders.
Verdict
Bottom line. Our top all-round pick for Australia: low spreads, a superb app and strong support. Start in demo mode, then trade for real.