Hey u/Significant-Fix-5313 , I'm sorry to hear about your experience and I can understand your frustration. On some exchanges you will see the . Create an account to follow your favorite communities and start taking part in conversations. Do you mind if I ask where did you purchased your ledger? We found it very easy to navigate, and everything you want to do on the desktop site is available, such as buying, selling, trading, deposits, withdrawals, and even the demo mode. Swyftx offers competitive rates, with a flat fee of 0.6% on all transactions. Swyftx is a cryptocurrency exchange where you can buy and sell coins, but there is also a Swyftx Wallet app available for Android and iOS. To diversify your crypto holdings, you can Bundle your portfolio purchases with one of seven curated cryptocurrency collections. Swyftxs Coin Swap feature allows you to trade any cryptocurrency in your portfolio for another currency on their list. Cool but not relevant ib my case. Especially for beginners, if you want questions answered, you don't want to wait hours or even days for a reply by email. Android and iOS apps:Swyftx has an app available for both Android and iOS users, and it is one of the best crypto apps in Australia. Swyftx also includes Real-Time Pricing and an API to help investors track the market movements. Swyftx monitors the market to identify bundles that align with your investment objectives. However, Swyftx charges what are known as flat fees, which means that for spot trading, both takers and makers are charged the same amount, or 0.60%. However, usually just directed toward articles that do not completely solve the issue. Navigate to your banking application and select the option to make a deposit. Thanks to our global liquidity providers and banking partners, Swyftx offers lower trading fees, smaller spreads and quick and easy trading across New Zealand. In short, while Swyftx is not a bad crypto exchange, there are much better alternatives for Aussie investors. Ian Kane and Daniel Gouldman established Unbanked in 2018. I can see you have updated your post that you were able to make the withdrawal but still please feel free to email resolutions@swyftx.com.au so we can look into this further, we are always looking to improve our processes and we can also discuss your independent situation in further detail. It says this in the Withdraw AUD section of the app/site. Swyftx deal marks NRL's first cryptocurrency exchange sponsorship. Browse through the submission process and withdrawal limits then tap on "Withdraw Now". There is even a Demo feature so you can learn how to buy, sell, and trade crypto without risking any of your own money. It has a fresh, modern look, and it is easy to make your way around the website or themobile app. Swyftx withdrawal time Swyftx withdrawal time You can access any game with no downloads, the limits for bitcoin wagers are set to mere 1 mbtc as the minimum and . There are countless negative reviews about Swyftxs buggy system, and users have reported being locked out of their accounts when they try to withdraw their funds. Swyftx has global liquidity providers which means you can enjoy small spreads and low trading fees when you choose Swyftx as your crypto exchange. They also use internal wallet systems to store your cryptocurrency. On the Swyftx platform, users can set up Automatic Buys and Sells. I have spent 7 hrs today back n forth with emails to Swyftx. Home Swyftx Review: Fees, Features & Safety. this is some of what they wanted - screen shots & PDF's of my bank account and payslips from employer. This is not financial advice. . Crypto exchange with lowest fees australia. 2) Pionex is a great way to learn about trading bots. You can deposit AUD into your account at any Australian bank, including Commonwealth Bank, Suncorp, and ANZ Bank. Does Swyftx provide special services for seasoned traders?Swyftx provides special OTC Consulting for trades worth more than $100,000. With Pionex, it is free to set up an account, and free to access all 16 of their trading bots. Highly recommend Date of experience: February 17, 2023 I am not diamond level. Swyftx is an AUSTRAC registered Australian crypto currency exchange & trading platform with small spreads, low fees and non-inflated market prices. Your Swyftx deposits will automatically roll over into the pre-programmed investment purchases by setting your investments to recur. Swyftx is an Australian owned and operated crypto exchange that allows users to buy Bitcoin, Ethereum and 320+ other crypto assets. automatic stop and limit orders; . ago Simple POLi restriction that limits the ability to withdraw due to the nature of the POLi payment method. Just ask them what you need to do to process the withdrawal, and then do it - if you be a dick about it, it will most likely make you look more suspicious and cause more of a hold up. Swyftx states that it offers high . League World Cup 2021 was dealt another blow after the 16 clubs in the Australian National Rugby League backed the withdrawal of Australia and New Zealand from the event . The exchange offers to trade with hundreds of well-known and newly-released cryptocurrencies. Your investment is evenly split among the top ten biggest coins, which is a good opportunity to make long-term growth. Navigate to your profile settings and click Withdrawal Addresses tab. Going on the advice of most of my crypto invested friends and indeed swyftx themselves. They say if you are Platinum you get a direct line to an account manager yet the staff wont call you to discuss all the documents they want. Swyftx customers enjoy the user-friendly app and desktop site to buy, sell and trade crypto, with 24/7 live chat support on hand. They kept raising the verification level required without explanation which really concerned me.. in the end he couldn't tell me why i had to have Platinum status but suspects it was due to the size of the deposit.. anyway, he told me i could close the account to retrieve the money without having to give them so much personal info.. i suspect none of you have such large balances with them hence you've never triggered this much scrutiny - they should state all of this when signing up.. none of this was mentioned innitially. If you want to use an Aussie exchange you'll need to remember these companies are tasked with the responsibility of convincing the government crypto is safe and secure if it's going to prosper in the Australian mainstream - which means having measures to stop scams, and criminals using it to move proceeds of selling children into slavery - all that means screening transactions for dodgy stuff. It is a trusted and reputable platform with over 600,000 users. Select 'BPAY' from the drop-down menu to view our Biller Code and your unique Customer Reference Number (CRN). Especially for beginners, if you want questions answered, you don't want to wait hours or even days for a reply by email. Disclaimer: Marketplacefairness.org aims to keep all information accurate and up to date, however there may be instances where the information provided may differ from what you see on the official website. This withdrawal charge, or rather the absence of a withdrawal fee, is competitive and below the industry average. Select Add. Click here to claim the offer now. Did everything Ive been told and always polite in chats .. so something is wrong with Swyftx . Swyftx also offers low trading fees and spreads, a demo mode, and FREE $20 BTC with this link. Fees for AUD withdrawals $0 There are no fees for AUD withdrawals. Over 320+ cryptocurrencies available:Swyftxis one of the largest exchanges in Australia, offering over 320+ coins. This is a huge bonus over exchanges based in the. . Today. Please note: Your CRN is used to match your BPAY deposit to your account. Swyftx also offers charts and a list of orders made (the usual things you would expect). If there is any sort of outage or maintenance you can easily see our updates located here - https://swyftx.statuspage.io/, Press J to jump to the feed. Another notable feature of Swyftx is the ability to purchase instantly in Australian dollars. Can you reach out the Customer Support Live chat team who can look into this for you? Minimum withdrawal amounts differ depending on the asset and the chosen network. I'm trying to buy $250 worth of Matic but I'm getting a warning it is below the minimum and will not be able to withdraw it from Swiftx. 40.7K Followers. It is an often-overlooked feature, but we recognise how important and useful it is. Conclusion Swyftx Alternatives Website: www.swyftx.com.au Country: Australia Mobile app: Yes Deposit Methods: bank transfer, debit card, credit card, Osko, PayID, and crypto Trading Fees: 0.6% Fiat Currencies: AUD and NZD If you withdraw them to an exchange wallet where MTO is not listed, then you will not be able to trade them until we are listed on that specific exchange. To keep your investments safe, Swyftx has an extensive range of security practices including the following: Swyftx has a great offer for new customers. Wouldn't trust asked me more than any bank or financial institution ever has, their KYC is way over the top. To view our privacy policyread this breakdown. Swyftx provides special OTC Consulting for trades worth more than $100,000. If you are interested in those features, you need to try an exchange like. I'm asking them what the hell a random wallet address has to do with anything when I'm trying to withdraw AUD to my bank account. Press question mark to learn the rest of the keyboard shortcuts. I will review Swyftx along side Coinbase, Coinsp. Below is an overview of withdrawal options and their minimums, fees and processing times. On top of that, it has low fees of 0.6% on trades, low spreads, and top-notch security so you can buy and sell with peace of mind. . Trading Fees. Verification is usually a quick process but in rare cases, it may take a few days. More information can be viewed here --> https://help.swyftx.com.au/en/articles/3434864-what-is-poli-how-do-you-use-it#h_7bb3cb5293 2 Hydronewbie 6 mo. The Australian Taxation Office recently declared that it would be scrutinizing crypto taxpayers. Verification If your withdrawals are restricted, you may need to complete account verification. ago. Advanced traders on Swyftx like to use tools such as Recurring Orders and Bundles. I tried to take a fairly sizeable amount out yesterday to the bank account I transferred in with and got asked shit loads of questions and had to send statements etc still no money lol Im done. Trade Trading Fees % 0.6 High volume discounts apply No trading limits That said I know people who withdrew easy as you but others not. Also according to this other test we conducted, Digital Surge has the lowest combined fees and spread . Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. Some of the lowest fees available. As a new investor you might not be thinking about the small coins yet, as you may only be interested in the popular ones, like BTC and ETH. I looked into buying directly on the Ledger but Swyftx was still cheaper. Download our App and buy, sell and trade Crypto anywhere at any time. Limits include both cash and crypto transactions. 833 Following. $1 AUD minimum withdrawal. The daily withdrawal and deposit limit for accounts on Swyftx is AUD 20,000. A free-to-use demo mode that comes with $10,000. After logging in you can close it and return to this page. Trade with stop losses, take profits and triggered orders on a mobile & desktop ready modern web based crypto currency exchange. I do feel like Swyftx is trustworthy and I will always use them for my trading. Then $10 will trigger a KYC. About $18, withdrawal fees were $5 for BTC. This can speed up and simplify the process of diversifying your portfolio. *answer a pile of invasive personal questions comparable to the census about your income, what your job is, politcal connections, future investment plans, money movement habits, do you have dual citizen ship, where you got the money from in the first place, etc.. just crazy stuff. Tap "Transfer" > "Withdraw" > "AUD". or Asia, as there is no need to convert AUD into USD, and lose money in conversion fees. It would be easier to ring money out of a stone than it was to withdraw my own money from my swyftfx account. The funds are expected to appear in your bank account the following day. Does Swyftx provide special services for seasoned traders? To keep your investments safe, Swyftx has an extensive range of security practices including the following: In light of recent events with FTX, there is a fear that crypto exchanges cannot be trusted. Didnt even use 5% of the limit. Below you'll find the current status of our services, details of any current incident, and information about upcoming scheduled maintenance. They just stonewall any further inquires and give you the same steps over again no mater what staff member you get. As far as limits are concerned, Swyftx has a daily deposit and withdrawal limit of $20,000 Australian Dollars that can be increased to 100,000 AUD with additional documentation. There's no trading limit. I tested out the Live Chat feature, and it was an excellent service. I have dont have any issues with withdrawals as long as you select your own bank account you should not have any issues. Swyftx Evaluation 2022 | Finest Crypto Currency Exchange for Australia Market Crypto.Com Withdrawal Limits. Swyftx employs multiple security measures to protect its customers personal information, such as JSON Web Tokens, KYC verification, Biometric, and 2FA account authentication and protection. with the above info they can impersonate you online. When you start trading, youll notice that Swyftxs fee and spread structure is very expensive when compared to other Australian exchanges. Swyftx is one of the best Australian cryptocurrency exchanges, and it has achieved this due to several main reasons. It defeats the purpose of crypto really. Yes, I'll be moving to another app if I can get my money out, which is disappointing. My beef is that they don't allow you to complete this process until you actualy hit the withdraw button for the larger amounts. Download our App and buy, sell and trade Crypto anywhere at any time. Most crypto exchanges charges a trading fee each time you make an order. This user-friendly platform has attracted thousands and thousands of traders since its inception. Live Chat customer support:Swyftx is one of the few crypto exchanges that offer 24/7 Live Chat Support. However, crypto withdrawals are subject to standard network mining fees. As opposed to CoinSpots swap feature, which allows customers to swap between currencies in one simple trade for a low 1% fee. With the app installed directly on your smart devices, you can act as promptly as you can open your phone. Swyftx also has a mobile app available for both Android and iOS. The fee is dynamic based on network conditions of the respective blockchain. Buy crypto instantly with AUD:The first advantage of Swyftx is that you can buy crypto instantly, using Australian Dollars. What makes me laugh about AML is that it doesnt work, and in fact organisations are supposed to report anyone they cant verify and they must, must do the aml and KYC BEFORE offering of service. However, as you become more experienced, you may start to research and invest in other coins. Press question mark to learn the rest of the keyboard shortcuts. The posts on this site include affiliate links with our partners who may compensate us, at no cost to the reader. Please read our reviews of the. Media. Also my OSKO deposits used to be instant Now they are not since this happened. Swyftx offers 8 different Bundles, which are collections of coins that are all purchased together so you invest in all of them at once. Its not the type of exchange to buy from if your aim is to remain anonymous. These fees are not paid to Swyftx. Fees Deposit Fees Swyftx. they said i had to upgrade to Gold verification to enable the withdrawal feature which i did & now they still won't let me access my money.. saying i have to get to Platinum level verificiation.. but the process for Platinum level asks too many personally invasive q's which they have no right to know imo. When I sent it to a different exchange I had to promise them it wasn't for gambling Then they released it. Accepts multiple payment methods, including debit and credit cards. According to an in-depthtest we conducted, Swyftx's average spread is just 0.51%, which was much lower than competitors CoinSpot and Crypto.com. Seriously, along with everything else i've had to supply like my drivers license photo someone could "be me" online pretty easily at this point.. and the internet lives forever. Same thing. Under the "Select a Network" text, there are six supported . There are also no fees for depositing and withdrawing AUD on Swyftx. We highly recommend you to check out our CoinSpot Review currently the most well-established crypto exchange in Australia. I'm also having problems they read my messages then ignore it I even messaged again and kept ignoring m then a day or so they will randomly reply they started making the payment status as pending for few hours then and blamed it on maintenance and now have blocked me for using crypto payments also tell me I can only make aud withdrawals and deposits but then keep my withdrawal as pending and tell me they need head office to approve it. then when you've supplied many of these things they will ask for multples of some of the documents above just to drag it out further. Since its establishment in 2018, Swyftx has rapidly grown to become one of Australia's most popular exchanges, and has an extremely high rating of 4.7 stars on TrustPilot. They take days to respond to your emails, and even if you are lucky to get a response, you are not guaranteed to speak to a real support team member. This table is updated monthly to ensure the information is accurate and up-to-date. To deposit or withdraw to/from your account you must be verified. 0.6% platform fee on the value of the transaction. No advanced markets for experienced traders: Swyftx is focused on creating a user-friendly experience for newcomers to crypto and they have succeeded in doing that. While Swyftx may seem to be a decent option for Australian investors, there are plenty of red flags about this platform. https://swyftx.com/au/ For Australians, CoinSpot is a much better option than Swyftx if you are interested in dabbling into the NFT world. They offer 12 Bundles, much more diverse than Swyftx. I have the same problem as significant never withdrew any funds until the recent FTX drama and I am a diamond verification level. This table is updated monthly to ensure the information is accurate and up-to-date. Swyftx also offers Recurring Orders if youre into automatic features. This implies that the network fees paid to the miners are the only fees when you withdraw funds from the exchange. The Coinbase card. If you are still looking to compare the best Australian crypto exchanges, read our article here. Was on my Ledger in under a minute. Industry standard fees.er Australian exchanges. Seems like they are targeting new withdrawals or rolling out some new risk profiling tool. Having the app on hand eliminates the need to rush to your computer whenever you notice a change in the crypto world. THIS IS NOT A SCAM. Swyftx can can go as far as they want after that and ask for anything they think is relevant.. they also give no reasoning/explanantion for what caused the triggers and don't even advise you it's occured.. it's only when you try to withdraw that you find out.. and then end up in a week long nightmare jumping through all the hoops. When you compare their fees to the 0.1% fees offered on CoinSpot, one of the best crypto exchanges in Australia, Swyftx is much higher. Swyftx battles against scams and fraud by implementing advanced identification checks and working together with Chainalysis, the largest global blockchain analysis company. Trade with stop losses, take profits and triggered orders on a mobile & desktop ready modern web based crypto currency exchange. Fees are listed as a quantity of the asset that is being withdrawn. Milton, Brisbane, Queensland, 4064 Platform Features Security Demo mode Fees Assets All assets Buy Bitcoin . Hello OP. Swyftx offers more than 320+ cryptocurrencies, it is AUSTRAC-registered, compliant with KYC/AML regulations, and has low fees. Have you been sending crypto to Russia? Probably something you've done wrong - are you operating the account from overseas? Staking is a feature added to Swyftx near the end of 2021. However, hundreds of negative reviews on Productreview.com.au show that Swyftx is extremely questionable regarding funding withdrawals. Click here to embed this table into your website. The login page will open in a new tab. if you are interested in dabbling into the NFT world. Having a live chat available is great for newcomers to cryptocurrency, as it can be extremely confusing at times. Swyftx prides itself on low fees and spreads which means more money and crypto in your pocket. Fees for NZD withdrawals $10 NZD. They offer a great array of digital assets with their in-platform NFT Marketplace. ago It only takes a few minutes to sign up and verify, and then you will be rewarded your first cryptocurrency, free! Press question mark to learn the rest of the keyboard shortcuts. They wont. To find out if there would be any costs, its advisable to check with your bank or financial institution. See my other comment. Austrac or the Ombudsman? If there is any sort of outage or maintenance you can easily see our updates located here - https://swyftx.statuspage.io/, Press J to jump to the feed. You will be trading like a pro in no time! As opposed to CoinSpots swap feature, which allows customers to swap between currencies in one simple trade for a low 1% fee. CoinJar, CoinSpot and Digital Surge (as long as you use them properly, as I explain in my reviews) all have much lower trading fees, between 0 and 0.3%. Insert your withdrawal amount and select the bank account you are withdrawing funds to. THERE IS OBVIOUSLY A REASON FOR YOU NOT ABLE TO WITHDRAW. You can practice trading cryptocurrency using their risk-free simulation, which provides you with $10,000 in play money. As you would expect, all the popular coins are available, as they are on most crypto exchanges, but Swyftx's array of altcoins is extremely impressive. Yes, Swyftx is a legitimate Australian cryptocurrency exchange established in 2017. Asking me for payslips and all this bs , holding up 4 fingers to camera, proving evidence for source of funds. informational purposes only, and should not be taken as financial advice to buy, trade or sell cryptocurrency or other assets, or use any specific exchange, broker, or platform. Wow those docs are next level. Swyftx can be set to buy or sell specific amounts based on a trigger price you specify. you will deposit money then not be able to withdraw it until you do the following: *supply photo of your drivers license or passport. We found it very convenient for keeping an eye on our portfolio and current market prices at all times. Swyftx_Imran 6 mo. Swyftx - $98.17 CoinSpot - $96.57 Independent Reserve - $96.22 Digital Surge is the clear winner here, saving 2% over CoinSpot and Independent Reserve. Buy, Sell and Trade many more Coins, Assets, Tokens and Digital Currencies with Swyftx! Remember if you're looking for the libertarian ideal crypto environment you'll have to find some routes to buying and selling crypto that are a bit more risky. They assert that bitcoin gains are treated similarly to traditional stock market gains. As an Australian-based company, they understand how difficult it can be to buy and sell internationally.