Swyftx review: score, licensing and risks
75/100SCORE · BTrusted
Grade B, very good
Swyftx is an Australian exchange with a clean record, proof of reserves, a wide asset list and a strong reputation for support. Fees are higher than global venues, and it serves Australia and New Zealand only.
The facts
- FOUNDED
- 2019
- HEADQUARTERS
- Brisbane, Australia
- CUSTODY
- Custodial.
- MiCA / EEA
- Not applicable. Australia and New Zealand focused.
- US ACCESS
- No.
- PROOF OF RESERVES
- Publishes proof of reserves.
- FEES
- Around 0.6 percent, falling with volume.
- ASSETS
- 400 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Registered in Australia with a clean record
- Very good app and support
- Publishes proof of reserves
- Wide asset list for a regional venue
✗ Weaknesses
- Fees higher than global venues
- Australia and New Zealand only
- Spread on smaller assets can be wide
Incident history
No major security breach or regulatory action on record.
Our read
A well run regional exchange with a clean record and genuinely good support. You pay a premium for that against global venues.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.