SwyftX Key Features

Looking for a secure and feature-packed crypto trading platform? Look no further than SwyftX - the premier digital asset exchange offering everything from crypto trading to staking, as well as powerful educational resources and a free demo account to practise trading strategies. Some of the key features that make SwyftX a top choice for crypto traders include:

  1. Over 310 cryptocurrencies to buy and sell, see the full list here.
  2. Cryptocurrency staking on 17 tokens with APY (yields) up to 65%.
  3. 24/7 customer support via live chat, phone, email and help centre.
  4. Demo account which allows users to make paper trades with virtual money.
  5. Mobile app that is supported on both iOS and Android devices.
  6. Advanced security protocols to keep your funds safe and secure at all times.
  7. Competitively low trading fees compared to other exchanges in the industry.
  8. SwyftX Learn, a feature that educates users through informational blogs and provides online courses and quizzes. 
  9. Invest, trade and earn with your SMSF (Self-managed super fund) on SwyftX.
  10. OTC (over-the-counter) desk for institutional and corporate clients.
SwyftX Exchange.
SwyftX Exchange.

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Are SwyftX fees high?

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. Furthermore, there are absolutely zero fees to deposit or withdraw AUD from the platform. Additionally, there are no fees to deposit crypto onto the platform but there is a small fee to withdraw crypto, to cover the network transaction fee. For more details on that, visit SwyftX’s Network Withdrawal Fees page.

SwyftX: Fees Schedule.
SwyftX: Fees Schedule.

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Can I trust SwyftX?

SwyftX is considered the second most secure crypto exchange in Australia after CoinSpot. The only reason it isn’t number one is because it hasn’t been awarded the ISO270001 Standard Security Certificate like CoinSpot has. Although, the platform is currently in the process of applying for it and looks to be accredited in 2022. 

In addition to the security certificate, SwyftX has implemented a variety of security measures to protect users funds including data encryption, Two-Factor Authentication, penetration testing, least privilege and breached password detection. It’s worth mentioning that the platform has never been hacked or been subject to a cyber attack once since it opened in 2017. 

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Mobile App

The SwyftX mobile app offers the exact same functionality and UI as its web counterpart. It is currently rated 4.6 stars from 5.4K reviews and ranked #100 overall in the Finance category on the Apple App Store. On the Google Play Store it is rated 4.8 stars from 3K reviews. Most of the reviews on both platforms point out how easy the application is to use and navigate. 

SwyftX Mobile App: iPhone Screenshot.
SwyftX Mobile App: iPhone Screenshot.

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Does SwyftX offer 24/7 live support?

Yes, SwyftX is the only Australian cryptocurrency exchange that offers live phone support. 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 exchange also has a presence in multiple social media platforms including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram, TikTok and YouTube.

SwyftX: Support Centre.
SwyftX: Support Centre.

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Cryptocurrency Staking

On SwyftX, users can stake most of the major cryptocurrencies including Ethereum, Bitcoin, Solana and Cardano for high APY (annual percentage yield). Refer to the list below for a high level overview of the supported tokens and their corresponding yields (returns).

  • Ethereum (ETH): 2.5% APY*
  • Bitcoin (BTC): 2.5% APY*
  • Zilliqa (SIL): 13.88% APY*
  • Axie Infinity (AXS): 65% APY*
  • Elrond eGold (EGLD): 12.75% APY*
  • Harmony (ONE): 6.5% APY*
  • Polygon (MATIC): 8.22% APY*
  • TRON (TRX): 3.88% APY*
  • Flow (FLOW): 6.6% APY*
  • Algorand (ALGO): 5.35% APY*
  • Tezos (XTZ): 3.98% APY*
  • Cosmos (ATOM): 8% APY*
  • Kusama (KSM): 19.72% APY*
  • Kava (KAVA): 19.72% APY*
  • Solana (SOL): 4% APY*
  • Polkadot (DOT): 8.22% APY*
  • Cardano (ADA): 3% APY*

* APY is subject to change, but SwyftX users will be provided with a notice before each change.

SwyftX: Earn.
SwyftX: Earn.

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SwyftX Learn: Crypto Quizzes and Courses

One of the best features that SwyftX has to offer is its extensive educational resources. 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! It’s a great place to come for crypto beginners and experienced traders.

SwyftX: Learn.
SwyftX: Learn.

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Bottom Line

SwyftX is a great platform for both experienced investors and people who are completely new to the crypto industry. It offers competitive pricing (the lowest in Australia), a wide selection of tokens to trade and high yields on crypto staking. Furthermore, it’s a highly secure platform with a great customer support team. We recommend it for any Australian investors interested in crypto.