The Rock Published terms for Swyftx
Product covered Swyftx spot buy, sell and swap.
Fee tier Regular tier: 30-day trade volume under A$100,000.
What we checked on Swyftx
- Spot fee schedule: Swyftx spot buy, sell and swap, Regular tier: 30-day trade volume under A$100,000, checked 22 October 2026. Provider fee page
- Contracting entity: Swyftx Pty Ltd, from Swyftx fees and pricing, fetched 22 October 2026. Source
- Register lookup: AUSTRAC Virtual Asset Service Provider Register, 22 October 2026: listed, current. Entity: Swyftx Pty Ltd, ABN 72623556730. Register
- Register lookup: ASIC Australian Financial Services Licensee Register (ASIC dataset on data.gov.au), 22 October 2026: listed, current. Entity: Swyftx Pty Ltd, AFSL 568543. Register
- Regulatory and reputation screen: 22 October 2026. Methodology
Not checked: opening an account, deposits, withdrawals, live orders and customer support.
Who checked this page: our research process, in which an AI language model works from the sources listed and automated checks compare figures with those sources. No named person has reviewed this page.
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Swyftx pros and cons
Pros
- Listed on AUSTRAC's Virtual Asset Service Provider Register with no conditions shown (searched 22 October 2026)
- Swyftx holds ASIC AFS licence 568543, in effect from 3 July 2026, covering basic deposit products, derivatives and non-cash payment products, and Swyftx's terms expressly state that its spot crypto services are not provided under that licence.
- AUD bank transfer and PayID deposits are free, and AUD withdrawals are free and unlimited once the account is verified (Swyftx fees page)
- Trading fee tiers fall with 30-day volume, from 0.6% at the Regular tier to 0.1% at Tier 9 (from A$6,000,000)
- Swyftx says it holds crypto assets 1:1 on full reserves and holds ISO 27001 certification (company statements)
Cons
- A spread is charged on every buy, sell and swap on top of the trading fee, and the fee tier does not change it
- A swap is charged as a sell plus a buy, so a Regular-tier swap pays 0.6% twice
- Card deposits may incur a fee of up to 2.4%, where the Regular trading fee is 0.6%
- Swyftx's terms say its spot crypto services are not provided under its AFS licence, and derivatives are issued by Eightcap Pty Ltd
- Custodial: the Risk Disclosure Statement says a customer may be an unsecured creditor on insolvency and that crypto assets are uninsured, and no proof-of-reserves report was found on the pages we checked (22 October 2026)
Who runs Swyftx and what it offers
Swyftx is operated by Swyftx Pty Ltd (ABN 72 623 556 730), an Australian private company whose ABN has been active since 21 December 2017. Swyftx states on its facts page that its headquarters are in Milton, Brisbane, Queensland. Swyftx's terms require an account holder to be a resident of Australia or New Zealand. Swyftx's fees page lists buying, selling and swapping of 410+ cryptocurrencies, along with recurring buys and an OTC desk. The footer of Swyftx's terms says derivative products are issued by Eightcap and distributed by Swyftx, and that credit products are provided by Block Earner. Swyftx says it has 1.2 million users, a company figure. Swyftx's facts page records the acquisition of Easy Crypto Limited, a New Zealand exchange, on 19 March 2025.
Swyftx Pty Ltd appears on the AUSTRAC Virtual Asset Service Provider register with an empty conditions column, in a search we ran on 22 October 2026, and ASIC's licensee dataset lists it under AFS licence 568543 from 3 July 2026. Swyftx's terms say its spot crypto services are not provided under that licence. The Regular tier trading fee is 0.6%, and Swyftx says a spread is included in the displayed price on every buy, sell and swap. Our arithmetic puts the trading fees on A$1,000 of Bitcoin bought and later sold at A$12.00, before the spread.
The service is custodial. Swyftx's terms say it holds crypto assets 1:1 on full reserves, and clause 8.4 allows assets to be held such that they are not segregated from Swyftx's own assets in certain circumstances. Swyftx's risk disclosure says a customer may be treated as an unsecured creditor if Swyftx becomes insolvent, and that crypto assets in a Swyftx account are uninsured.
How popular is Swyftx in Australia?
Search interest shows how often Australians search for each brand. It measures attention, not quality.
- 14,890
- Brand searches, September 2026
- -0.1%
- vs August 2026
- 4,510
- Login searches
- 3.7%
- Share of all searches
Source: Google search volume, Australia, September 2026. How we measure it
Swyftx worked example on buying and selling A$1,000 of Bitcoin
Inputs come from the Swyftx fees page and help centre, checked 22 October 2026. No account was opened and no order was placed. The spread is not included because Swyftx says it is built into the displayed price and varies with the market, so no rate can be taken from the fees page.
Inputs
- Deposit A$1,000 by bank transfer or PayID (free)
- Buy A$1,000 of Bitcoin at the Regular tier
- Later sell A$1,000 of Bitcoin at the Regular tier
- Withdraw the AUD to an Australian bank account (free)
Fees on each step
| Step | Route | Published fee | Fee on this step |
|---|---|---|---|
| Deposit | Bank transfer or PayID | Free | A$0.00 |
| Deposit (alternative) | Card | Up to 2.4% | Up to A$24.00 |
| Buy | Regular tier | 0.6% | A$6.00 |
| Sell | Regular tier | 0.6% | A$6.00 |
| Withdrawal | AUD to an Australian bank account | Free | A$0.00 |
| Total | Buy plus sell before the spread | 0.6% twice | A$12.00 |
Swyftx's spread is excluded from the arithmetic. Swyftx says it charges the spread on every buy, sell and swap in addition to the trading fee, that the fee tier does not change the spread, and that the spread is included in the displayed price. The network fee for sending Bitcoin to an external wallet is also excluded, as is any change in the Bitcoin price between the buy and the sell. The arithmetic uses the Regular tier. The help centre article's example is an account with no prior trades whose single A$100,000 trade reaches Tier 1 at the next hourly calculation. Tier 2 starts at A$300,000 of 30-day volume.
Fee arithmetic sources checked 22 October 2026
- Trading fee tiers and swap fees: Our trading fees, Swyftx help centre
- Spread and AUD funding fees: Swyftx fees page
Swyftx spot trading fees and spread
Swyftx charges a tiered trading fee based on 30-day trade volume, recalculated every hour, with a single trade charged at one rate. The help centre article lists the tiers: Regular 0.6% under A$100,000 of 30-day volume; Tier 1 0.55% from A$100,000; Tier 2 0.5% from A$300,000; Tier 3 0.45% from A$400,000; Tier 4 0.4% from A$500,000; Tier 5 0.35% from A$1,000,000; Tier 6 0.3% from A$3,000,000; Tier 7 0.25% from A$4,000,000; Tier 8 0.2% from A$5,000,000; and Tier 9 0.1% from A$6,000,000.
A swap order is a sell plus a buy, and each of the two incurs a fee at the customer's tier. The fees page says Swyftx charges a spread in addition to the trading fee on every buy, sell or swap, with a base component and a market-dependent component, and that the spread is included in the displayed price. Crypto withdrawals carry a network fee that Swyftx lists per asset.
The help centre article was updated on 5 August 2026. We checked both pages on 22 October 2026.
| Recorded fee | Rate per executed order |
|---|---|
| Trade fee | 0.6% |
Swyftx spot trades for Australian accounts at the Regular tier. The displayed price also includes a spread, which the fee tier does not change, and a swap is charged as a sell and a buy. Excludes OTC, derivatives, card deposit charges and crypto withdrawal network fees.
Provider fee information · Schedule checked .
Swyftx regulation and safety
Swyftx Pty Ltd is registered with AUSTRAC for anti-money laundering purposes, and we checked the register on 22 October 2026. Swyftx holds an AFS licence, and its terms say its spot crypto services are not provided under that licence. Its terms say it holds customers' crypto assets in wallets it manages. AUSTRAC registration concerns anti-money laundering and counter-terrorism financing obligations. Swyftx's Risk Disclosure Statement says crypto assets are uninsured, and its facts page says there is no Financial Claims Scheme coverage for digital assets.
AUSTRAC registration and the AFS licence
Swyftx Pty Ltd appears on AUSTRAC's Virtual Asset Service Provider Register with legal name SWYFTX PTY LTD, ABN 72623556730 and an address in Milton, Queensland; the conditions column is empty. We searched the register on 22 October 2026. AUSTRAC has regulated virtual asset service providers since 2018; its article dated 30 June 2026 says the public register lists all registered providers. ASIC's current AFS licensee dataset, downloaded 22 October 2026, lists Swyftx Pty Ltd under AFS licence 568543, starting 3 July 2026, with authorisations covering basic deposit products, derivatives and non-cash payment products. Swyftx's terms say its spot cryptocurrency exchange services are not provided under the licence, and that derivative products are issued by Eightcap (AFSL 391441). Before its own licence, ASIC's representative dataset shows Swyftx as an authorised representative of Eightcap from 6 May 2025 to 3 July 2026. Swyftx's facts page shows ISO 27001 certification. We found no Swyftx entry on AUSTRAC's enforcement actions page or its virtual asset registration actions page on 22 October 2026.
Custody and the terms
Swyftx's terms say it holds customers' crypto assets in wallets it manages. The terms, clause 8.2, say Swyftx maintains crypto assets on a 1:1 basis matching the balances shown in the account, and operates on full reserves with 100% of users' crypto assets. Clause 8.4 says the customer authorises Swyftx, in certain circumstances and to the extent permitted by law, to hold assets so that they are not segregated from Swyftx's own crypto assets and fiat currency. Clause 8.4 also says fiat currency deposited may be exchanged for and held as US dollar denominated stablecoins such as USDT.
Swyftx's Risk Disclosure Statement, dated December 2022, says a customer may be treated as an unsecured creditor if Swyftx becomes insolvent, and that funds may not be recoverable in whole or in part. It also says crypto assets in a Swyftx account are not insured by any private or governmental insurance plan and are not covered by any compensation scheme.
Register sources checked 22 October 2026
- AUSTRAC register entry: Virtual Asset Service Provider Register, searched 22 October 2026
- ASIC datasets: AFS licensee and representative datasets on data.gov.au, downloaded 22 October 2026
- Company record: ABN Lookup, ABN 72623556730, extracted 22 October 2026
- AUSTRAC lists checked for a Swyftx entry: enforcement actions and virtual asset registration actions, 22 October 2026
Swyftx AUD deposits and withdrawals
| Method | Direction | Published fee (22 October 2026) |
|---|---|---|
| Bank transfer or PayID | Deposit | Free |
| Debit or credit card | Deposit | Up to 2.4% |
| AUD to an Australian bank account | Withdrawal | Free |
| Crypto to an external wallet | Withdrawal | Network fee listed per asset |
Is Swyftx available in Australia?
Swyftx FAQs
Is Swyftx safe to use in Australia?
Swyftx is listed on AUSTRAC's Virtual Asset Service Provider Register, which we checked on 22 October 2026, and holds AFS licence 568543 from 3 July 2026. Swyftx's terms say the licence does not cover spot crypto. Swyftx's terms say it holds crypto assets 1:1 on full reserves. Its facts page lists mandatory two-factor authentication and hot and cold storage. Its risk disclosure says crypto assets are uninsured and a customer may be an unsecured creditor on insolvency.
Who runs Swyftx?
Swyftx is run by Swyftx Pty Ltd (ABN 72 623 556 730), an Australian private company that says it is headquartered in Milton, Brisbane. ABN Lookup shows the ABN active since 21 December 2017 with a main business location in QLD 4064. Swyftx's homepage says it is Australian-owned and operated. AUSTRAC's register shows an address in Milton, Queensland.
What does Swyftx charge?
Swyftx's trading fee is 0.6% at the Regular tier and falls by 30-day volume to 0.1% at A$6,000,000. A spread is added on top, and both the spread and the trading fee are included in the displayed price. A swap is charged as a sell and a buy. AUD bank transfer deposits and AUD withdrawals are free. Card deposits may incur a fee of up to 2.4%. Crypto withdrawals carry a network fee. On A$1,000 of Bitcoin, the trading fee at the Regular tier is A$6.00 before the spread, according to our arithmetic, with fees checked 22 October 2026.
How many cryptocurrencies can I trade on Swyftx?
Swyftx's fees page says 410+ cryptocurrencies can be bought, sold and swapped, a page we checked on 22 October 2026. The same page's description line says 420+ assets, so the two figures on one page differ.
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