Swyftx Review: Is This Crypto Exchange Still Worth Using in 2025?
When you’re looking for a simple way to buy and trade crypto in Australia, Swyftx, a user-friendly cryptocurrency exchange based in Sydney that lets Australians buy Bitcoin, Ethereum, and hundreds of altcoins with AUD. Also known as Swyftx Crypto, it became one of the most popular local platforms because of its clean app and low fees. But things change fast in crypto. Is Swyftx still the best choice, or have newer exchanges left it behind?
Swyftx isn’t just another exchange—it’s built for people who don’t want to drown in charts and jargon. You can buy crypto with a bank transfer, pay with a debit card, or even use BPAY. The platform supports over 600 coins, including big names like Solana, Polkadot, and Shiba Inu, plus a few obscure tokens you won’t find on Binance or Coinbase. But here’s the catch: crypto fees, the costs you pay when buying, selling, or swapping tokens on an exchange on Swyftx are transparent, but not always the lowest. Maker fees start at 0.6%, and taker fees go up to 0.8%. That’s higher than some global platforms, but it’s offset by the fact that you’re trading in AUD with no hidden FX charges. And unlike some exchanges that vanish overnight, Swyftx has been around since 2019 and is regulated by AUSTRAC, which means your funds are held in cold storage and the company follows strict reporting rules.
Customer support is another big factor. Swyftx offers live chat and email, and most users report replies within 24 hours—much faster than the week-long waits you get on smaller exchanges. The mobile app is smooth, with real-time price alerts and a simple buy/sell flow that even a beginner can use. But there are limits: no margin trading, no staking rewards, and no advanced order types like stop-loss or limit orders beyond basic ones. If you’re a day trader looking for tools to scalp or hedge, you’ll need something else. But if you just want to buy Bitcoin, hold it, and occasionally swap into another coin without stress, Swyftx still delivers.
What’s missing? A few key features that newer exchanges now offer—like built-in wallets for NFTs, staking with APYs over 5%, or integration with DeFi protocols. Swyftx hasn’t expanded into those areas yet. And while it’s still safe, it’s not growing like it used to. Competitors like CoinSpot and Independent Reserve have matched its ease of use, while Binance and Kraken offer lower fees and more coins. So why stick with Swyftx? Because it’s reliable. No outages. No scandals. No sudden shutdowns like Cryptopia or BitGlobal. For Australians who want a no-nonsense, locally trusted platform, Swyftx still holds up.
Below, you’ll find real user experiences, breakdowns of its fee structure, and comparisons with other exchanges that might be better suited for your needs. Some posts warn about hidden delays in withdrawals. Others praise the simplicity of buying crypto after work with a phone app. There’s no marketing fluff here—just what actually happens when you use Swyftx in 2025.