Swyftx Trading Fee Calculator
Calculate exact fees for your Swyftx trades and compare with Binance. See how AUSTRAC regulation protects your funds while managing costs.
Enter values to see your fee breakdown
Note: Swyftx offers free AUD deposits via PayID/Osko - no fees apply for these methods.
Looking for a crypto exchange that actually understands Australian traders? You’ve probably heard the name Swyftx tossed around a lot lately. Let’s break down what the platform offers, how much you’ll pay, and whether it really lives up to the hype.
What Swyftx Is and Who It Serves
Swyftx is an Australian‑registered cryptocurrency exchange that lets users buy, sell, and trade more than 440 digital assets. Founded in 2018 and operating under AUSTRAC regulation, the exchange now serves over 1.1 million users across the country (2025 data). Whether you’re a first‑time buyer or a seasoned day trader, Swyftx markets itself as a one‑stop shop with a web portal, Android app, and iOS app.
Regulatory Backbone - Why AUSTRAC Matters
Regulation is a big deal in crypto, especially after the Binance and FTX scandals. Swyftx’s registration with AUSTRAC (the Australian Transaction Reports and Analysis Centre) means the platform follows strict KYC and AML rules. In practice, that translates to a three‑minute ID check, real‑name verification, and the ability to trace suspicious activity. For Australian users, this offers a level of legal protection you don’t get on most offshore exchanges.
Core Trading Features - From Market Orders to Stop‑Loss
The platform supports the basics you expect: market orders, limit orders, and stop orders. It also adds recurring orders, so you can set up automatic weekly purchases of Bitcoin or any other asset. If you like charting, Swyftx has integrated TradingView charts directly into the interface, giving you access to over 100 technical indicators without leaving the site.
Deposit and Withdrawal Options - How Quickly Can You Move Money?
Swyftx accepts a range of Australian payment methods:
- Bank transfers (BSB & account number)
- PayID - a fast, email‑style address for instant transfers
- Osko payments - another near‑real‑time option
- Debit card purchases (Visa/Mastercard)
- Direct crypto deposits (no extra conversion step)
Unique Tools - Portfolio Transfer & Swap
Two features set Swyftx apart from the usual exchange fare.
Portfolio Transfer Service - Launched as the world’s first bulk crypto migration tool, it lets you move holdings from other platforms (initially Binance and Coinspot) in a single, fee‑free transaction. The service saves hours of manual work and reduces the risk of sending the wrong address.
Swap Feature - Instead of selling Bitcoin for AUD and then buying Ethereum, the Swap tool does both steps in one go. Swaps execute instantly at the prevailing market price, and you only pay the standard trading fee (see fee table below).
Fees - What Does It Cost to Trade?
Swyftx’s fee structure is straightforward:
- Maker fee: 0.10%
- Taker fee: 0.20%
- Swap fee: same as taker (0.20%)
- Deposit fees: free for Australian bank transfers, PayID, and Osko; 1.5% on debit‑card purchases
- Withdrawal fees: AUD withdrawals are free; crypto network fees apply as per blockchain
Compared with Binance, which charges 0.10%‑0.15% for most spot trades, Swyftx is a bit pricier on taker fees but makes up for it with free fiat deposits and a local regulatory shield.
Security and Compliance - Is Your Money Safe?
Security is taken seriously. Swyftx stores 98% of user funds in offline cold storage, with the remaining 2% in hot wallets for instant trading. Two‑factor authentication (2FA) is mandatory for withdrawals, and the platform undergoes regular third‑party audits. Because it’s AUSTRAC‑registered, the exchange complies with Australian privacy laws, meaning your data can’t be handed over without a court order.
Tax Reporting - Simplifying ATO Obligations
Every trade on Swyftx is considered a taxable event under the Australian Taxation Office (Australian Taxation Office). The platform provides an exportable CSV file that includes trade dates, amounts, costs, and gains/losses, making it easier to file your tax return. For business accounts, you can also generate reports that separate personal from corporate activity.
Business & Institutional Services
If you run a company, trust, or Self‑Managed Super Fund (SMSF), Swyftx offers a dedicated dashboard to track those holdings. You can set up recurring investments, trigger automated orders across multiple assets, and even purchase pre‑built crypto bundles for instant diversification.
Pros & Cons - Quick Verdict
- Pros
- AUSTRAC regulation gives legal reassurance
- Over 440 assets - one of the largest selections in Australia
- Portfolio transfer service cuts migration headaches
- Integrated TradingView charts for advanced analysis
- Free fiat deposits via PayID and Osko
- Cons
- Taker fees slightly higher than some global rivals
- Swap feature not available on the web version for all assets yet
- Customer support can be slow during peak periods
How Swyftx Stacks Up - Comparison Table
| Feature | Swyftx | Binance | Coinspot |
|---|---|---|---|
| Registered in | Australia (AUSTRAC) | Cayman Islands | Australia (AUSTRAC) |
| Number of assets | 440+ | 750+ | 200+ |
| Maker fee | 0.10% | 0.10% | 0.15% |
| Taker fee | 0.20% | 0.15% | 0.20% |
| Free fiat deposit | Yes (PayID, Osko, bank) | No (bank fees apply) | Yes (bank) |
| Portfolio transfer | Yes (Binance, Coinspot, more coming) | No | No |
| Mobile app rating (Google Play) | 4.6/5 | 4.4/5 | 4.2/5 |
Who Should Consider Swyftx?
If you’re an Australian investor who wants a locally regulated platform, Swyftx makes a lot of sense. It’s also a good fit for business entities that need a single dashboard for multiple accounts. Traders who prioritize ultra‑low fees might still gravitate toward Binance, but they’ll have to accept the regulatory trade‑off.
Getting Started - Step‑by‑Step
- Download the Swyftx app or visit the web portal.
- Create an account using your email and phone number.
- Complete the KYC check - upload a driver’s licence or passport. The verification usually finishes within 3 minutes.
- Link a bank account, PayID, or debit card for deposits.
- Fund your account and start trading - choose a market, limit, or stop order, or use the Swap button for instant asset swaps.
Bottom Line
In a market flooded with offshore exchanges, Swyftx stands out for its Australian focus, solid regulatory footing, and handy tools like portfolio transfer and integrated charting. The fees are reasonable for most users, especially when you factor in free fiat deposits and the peace of mind that comes with AUSTRAC registration. If you value local support and a platform built for both beginners and pros, it’s definitely worth a test run.
Is Swyftx safe for large investments?
Yes. Swyftx stores 98% of funds in offline cold storage and complies with AUSTRAC AML/KYC rules, giving Australian users a regulatory safety net unavailable on many offshore platforms.
How does the portfolio transfer service work?
You select the source exchange (currently Binance or Coinspot), choose the assets you want to move, and Swyftx bundles them into a single transaction. The service is fee‑free and eliminates the need to copy multiple wallet addresses manually.
What are the trading fees compared to Binance?
Swyftx charges 0.10% maker and 0.20% taker fees, while Binance offers 0.10%‑0.15% taker fees. The difference is small, and Swyftx offsets it with free fiat deposits and local regulatory protection.
Can I use Swyftx for business or SMSF investments?
Absolutely. Swyftx offers a dedicated business dashboard, recurring corporate deposits, and reporting tools that suit companies, trusts, and Self‑Managed Super Funds.
Does Swyftx provide tax reports for Australian users?
Yes. The platform generates a CSV export that lists each taxable event, making it easy to import into standard Australian tax software or hand over to your accountant.
vonley smith
October 21, 2025 AT 08:08Swyftx is actually pretty solid for Aussies. I switched from Binance last year and haven’t looked back. Free PayID deposits? Yes please. No more waiting 2 days for bank transfers to clear.
Melodye Drake
October 22, 2025 AT 04:22Oh sweetie, you’re still using Swyftx? 😅 I mean, it’s cute that you think AUSTRAC makes it ‘safe’ - but let’s be real, if you’re not trading on Binance with 0.1% fees, you’re basically paying a premium for emotional security. Also, ‘portfolio transfer’? That’s just a fancy name for ‘copy-paste with less effort.’
paul boland
October 22, 2025 AT 11:10harrison houghton
October 22, 2025 AT 17:14Humanity’s greatest innovation isn’t blockchain. It’s regulatory compliance. Swyftx understands that trust isn’t built on low fees - it’s built on accountability. When you’re holding life savings in digital assets, you don’t want a platform that says ‘trust us’ - you want one that says ‘here’s the audit report, here’s the license, here’s the lawyer’s name.’
That’s why Swyftx wins. Not because it’s flashy. But because it’s responsible.
DINESH YADAV
October 22, 2025 AT 19:45Why are you even comparing Swyftx to Binance? Binance is a Western scam pretending to be global. Swyftx is built by Aussies, for Aussies. If you’re not using local regulation as a shield, you’re just gambling. And guess what? The ATO doesn’t care about your ‘low fees’ - it cares about your tax forms. Swyftx gives you that. Binance doesn’t.
rachel terry
October 22, 2025 AT 22:30Susan Bari
October 23, 2025 AT 19:30Portfolio transfer? How quaint. I’ve been moving crypto between exchanges since 2017. Swyftx just turned a manual process into a button. Congratulations. Meanwhile, Binance offers 750+ coins, zero deposit fees, and a trading engine that doesn’t lag when volume spikes.
Swyftx is the IKEA of crypto - easy to assemble, but you’ll miss the real furniture.
Sean Hawkins
October 24, 2025 AT 09:01For institutional users, Swyftx’s business dashboard is a game-changer. SMSF trustees can now automate recurring buys, generate ATO-compliant reports, and segregate holdings without juggling multiple platforms. The fee structure is transparent - maker/taker is standard, and the 0.20% taker fee is offset by zero fiat deposit fees. That’s a net win for active traders who deposit weekly.
Also, the TradingView integration is seamless - no more switching tabs or syncing charts. That alone saves hours per week.
Marlie Ledesma
October 24, 2025 AT 17:48I just started with Swyftx last month and honestly, the customer service was way nicer than I expected. I had a small issue with a PayID deposit and they replied within 2 hours. I didn’t even ask for help - they reached out. Feels like they actually care about users here.
Daisy Family
October 25, 2025 AT 04:10Swyftx? Cute. You know what’s actually cool? Using a cold wallet and never touching an exchange. But hey, if you wanna pay 0.20% to let someone else hold your keys, go for it. 😘
Paul Kotze
October 25, 2025 AT 07:26Just curious - has anyone tried the portfolio transfer from Coinspot? I’ve got a bunch of altcoins there and the manual process is a nightmare. Does Swyftx actually move all your assets in one go? Or do you still have to confirm each one?
Jason Roland
October 26, 2025 AT 02:28Look, I used to hate regulation. Thought it was just bureaucracy. But after seeing how FTX collapsed and users lost everything? I get it now. Swyftx might not be the cheapest, but it’s the only one here that actually has skin in the game. If something goes wrong, there’s a local authority watching. That’s worth something.
Niki Burandt
October 26, 2025 AT 22:22Let’s be honest - Swyftx’s ‘portfolio transfer’ is just a glorified API bridge. And ‘Swap’? That’s just a DEX wrapper with a pretty UI. The real advantage is psychological: you feel safe because you’re ‘Australian.’ But if you’re trading over $10k, you’re still exposed to counterparty risk. The cold storage is good, but it’s not magic.
Chris Pratt
October 27, 2025 AT 13:24As someone who’s lived in 5 countries, I can say this: local regulation matters. In the US, you get SEC chaos. In Europe, you get MiCA overload. In Australia? You get clear rules, fast deposits, and real support. Swyftx isn’t perfect - but it’s the most balanced option for non-US traders.
Karen Donahue
October 27, 2025 AT 14:33I’ve been using Swyftx for two years now and honestly? The customer support is always slow when I need it. I’ve had tickets open for over a week during bull runs. And don’t get me started on the mobile app - it crashes every time I try to use the Swap feature with newer tokens. They market it as ‘user-friendly’ but it’s just poorly tested. Why are people acting like this is the holy grail? It’s just another exchange with a nice website.
Bert Martin
October 28, 2025 AT 01:42For beginners, this is the easiest on-ramp in Australia. No confusing order types, no hidden fees, and the app walks you through everything. I showed my mum how to buy Bitcoin last week - she did it in 5 minutes. That’s worth more than 0.05% lower fees.
Ray Dalton
October 28, 2025 AT 11:01One thing people miss: Swyftx’s tax CSV is actually usable. I used to export from Binance and spend 3 hours cleaning the data. Swyftx’s format imports directly into TaxCalc and H&R Block. That’s a huge time-saver. And if you’re doing SMSF stuff? The business dashboard is the only one that actually works without a spreadsheet wizard.
Peter Brask
October 29, 2025 AT 02:16AUSTRAC? Please. They’re just a front for the government to track your crypto. Swyftx is basically a honeypot. Every transaction is logged, every ID verified - they’re feeding data to the ATO and the Five Eyes. If you’re not using a non-KYC exchange, you’re not serious about privacy. And if you think ‘regulation’ means safety? You’ve been scammed by marketing.