Kworld Trend / is swyftx a scam ,[email protected], Swyftx is one of the most amazing Australian crypto trades, and there are a few justifications for why it is positioned so exceptionally. Swyftx is not difficult to utilize, upholds 320+ digital currencies, is AUSTRAC-enrolled, consistent with KYC/AML guidelines, and has low expenses and spreads.
What is Swyftx?
Swyftx is one of the best Australian crypto exchanges, and there are several reasons why it is ranked so highly. Which is easy to use, supports 320+ cryptocurrencies, is AUSTRAC-registered, compliant with KYC/AML regulations, and has low fees and spreads.
Since its establishment in 2018, Swyftx has rapidly grown to become one of Australia’s most popular exchanges, with an extremely high rating of 4.7 stars on TrustPilot. Swyftx customers enjoy the user-friendly app and desktop site to buy, sell, and trade crypto, with 24/7 live chat support on hand. Swyftx also offers low trading fees and spreads, a demo account, and FREE $20 BTC with this link.
Overall Thoughts on Swyftx
Swyftx is one of our top recommendations for Australians, and especially for beginner and intermediate crypto investors. Here are the 3 main reasons why we feel this way:
- Swyftx has built an intuitive platform that allows novices to quickly and easily invest in cryptocurrency. The user-friendliness exists on the app and desktop site, and if you have any queries, you can reach contact customer support via live chat 24/7.
- Swyftx has low fees and tight spreads. From the results of our comparison test on Swyftx and three other top Australian crypto exchanges, Swyftx rose to the top for trading fees and spreads. Moreover, Swyftx offers free AUD deposits and withdrawals, regardless of which payment method you choose.
- Access to all the most popular cryptocurrencies (over 320+ listed). With such a wide array of coins to choose from, both beginners and experienced crypto investors will find something they wish to invest in or trade. Swyftx also regularly adds new coins to their platform; you can be one of the first to invest, before they are listed on major global exchanges.
One of Swyftx’s drawbacks is that the exchange does not offer advanced features such as derivatives trading, margin trading, or trading bots. This is a fair and valid point, but Swyftx doesn’t aim to be an advanced crypto trading platform; it is an easy-to-use exchange that makes it possible for the everyday person to get involved in crypto. is swyftx a scam
Our Overall Thoughts on Swyftx is swyftx a scam
Swyftx is one of our top recommendations for Australians, and especially for beginner and intermediate crypto investors. Here are the 3 main reasons why we feel this way:
1) Swyftx has built an intuitive platform that allows novices to quickly and easily invest in cryptocurrency. The user-friendliness exists on the app and desktop site, and if you have any queries, you can reach contact customer support via live chat 24/7.
2) Swyftx has low fees and tight spreads. From the results of our comparison test on Swyftx and three other top Australian crypto exchanges, Swyftx rose to the top for trading fees and spreads. Moreover, Swyftx offers free AUD deposits and withdrawals, regardless of which payment method you choose.
3) Access to all the most popular cryptocurrencies (over 320+ listed). With such a wide array of coins to choose from, both beginners and experienced crypto investors will find something they wish to invest in or trade. Swyftx also regularly adds new coins to their platform; you can be one of the first to invest, before they are listed on major global exchanges.
One of Swyftx’s drawbacks is that the exchange does not offer advanced features such as derivatives trading, margin trading, or trading bots. This is a fair and valid point, but Swyftx doesn’t aim to be an advanced crypto trading platform; it is an easy-to-use exchange that makes it possible for the everyday person to get involved in crypto.
Key Features & Advantages of Swyftx
Here are a snapshot of Swyftx’s best features that have led to it quickly becoming one of Australia’s most popular crypto exchanges:
Negatives & Disadvantages of Swyftx
While Swyftx is an excellent exchange for many users, there are a couple of points to keep in mind when deciding whether this platform is the best choice for you:
- No advanced markets available for experienced traders
- No staking or earn options
What Services does Swyftx offer? is swyftx a scam
If you’re researching cryptocurrency exchanges in Australia, you will know that there are so many different platforms, all with different advantages and disadvantages. We have summarised the best services that Swyftx offers, to highlight why it is one of the top crypto exchanges in Australia.
Buy crypto instantly with AUD: The first advantage of Swyftx is that you can buy crypto instantly, using Australian Dollars. This is a huge bonus over exchanges based in the USA or Asia, as there is no need to convert AUD into USD, and lose money in conversion fees. There are also no fees for depositing and withdrawing AUD on Swyftx. is swyftx a scam
Some Comments
“Won’t give you control of your $$, SwyftX blocked me from sending money to an external wallet. They warned me of the high possibility of a scam risk with my transfer. I said I fully accepted the risk and trusted the entity who were receiving the transfer. They said that their system wouldn’t allow the transfer. So I’ve withdrawn my funds and won’t use SwyftX again. After reading alot of the 1 star reviews here I can see I’m not alone with this problem. I’ve returned to using my 1st wallet @ crypto.com and I’ve had no similar issues with them”
“Extremely poor customer service. Extremely poor customer service from compliance/verification team when you want to move $/assets from Swiftx. Take forever to reply to messages in ‘live’chat, I’m thinking of it more like ‘dead’ chat. I am still awaiting a response to the last message placed at 2:15pm. It is now 3:30pm. Time between previous messages averaged about14min.”
“Great app – appalling customer service and expensive transactions The swyftx app is amazing and really easy to use. BUT the transactions are super expensive as they charge a transaction fee and a spread on the price so each transaction costs 3-4% of transaction value. This means you need to make 6-8% on a trade to break even. its also an admin nightmare to get your money or your assets out of swyftx, their KYC process is so onerous that I would advise against signing up to it.” is swyftx a scam
Comments
“Swyftx are scammers DO NOT TRUST THEM, So i have been using swyftx in the past year with no problems until i wanted to take out my own money. They will come up with excuse after excuse as to why i cannot withdraw.
They are happy for you to put money into their exchange but will not allow you to take money out. Making you jump through hoops and once you have done the ridiculous things they have asked they say “We have decided we cannot facilitate any crypto withdrawals moving forward.
Morover, we can’t divulge much information on our compliance procedures as it may allow bad actors to navigate around them. Do not trust these people they will lie, one of the support team also tried to get my binance information saying that he needed it for me to send crypto out. If anybody knows where i could make an official complaint please let me know. I have screenshots of the conversation.”
“Really good customer service, Had to chat to customer support and they were really helpful and knowledgeable.”
“Great customer service, I dealt with Kurt and Kyle and they were super friendly with great customer service skills.”
“A great exchange and place to trade with the world. A great exchange for Australians looking to trade in foreign currencies and crypto. I have used this exchange many times and have found it fairly easy to use. Some UX issues that could be altered to improve it, however overall I’m pleased with the site.”
“Friendly Exchange, Before opening an account I went through couple of exchanges. I found Swyftx is the best. Easy to use, friendly customer service. Overall I am happy to be a member of swyftx family. Transparency
Ease of Application, Rates and Fees, App”
