EXCHANGES & TRADING

Swyft

Swyftx Exchange Review: The Complete 2026 Guide

Swyftx is a premier Australian-born cryptocurrency exchange that has earned a reputation for providing one of the most user-friendly and feature-rich trading experiences in the country. Founded in Brisbane in 2018, it was designed to solve the common frustrations of high fees and poor liquidity that once plagued the Australian market. Today, it serves as a central hub for over 750,000 Australians who value a platform that combines a sleek, modern interface with professional-grade security.

The primary reason Australians choose Swyftx (often colloquially called “Swyft”) is its balance of simplicity and functionality. It bridges the gap between basic “buy/sell” apps and complex global exchanges. While it is beginner-friendly, it offers sophisticated tools like Demo Mode, allowing users to practice with “paper money”, and Custom Bundles for automated diversification. For the Shepley Capital community, Swyftx is frequently a top recommendation for those who want a “homegrown” platform that understands the local banking and regulatory landscape.

In 2026, Swyftx remains at the pinnacle of compliance. It is fully registered with AUSTRAC and has maintained its ISO 27001 certification, ensuring its internal data and security management meet the highest international benchmarks. Its commitment to the Australian market is further evidenced by its dedicated support for SMSF, Trust, and Company accounts, making it a versatile tool for both individual and corporate investors.

Company Background

Swyftx was founded by Alex Harper and Angus Goldman, who sought to create a more transparent and fair exchange for Australians. Based in Milton, Brisbane, the company has scaled rapidly while remaining an “Aussie-first” business.

Founded: 2018
Headquarters: Brisbane, Australia
Regulatory Status: Registered with AUSTRAC; ISO 27001 certified.
Key Milestones: Reached over 750,000 users; launched a comprehensive “Learn & Earn” platform; recognized as a market leader for local customer support.
Focus: Seamless user experience, low spreads, and comprehensive educational resources.

Safety and Security

Swyftx employs a “Defense in Depth” strategy, utilising multiple layers of security to protect customer funds and data. Being an Australian company, they are held to strict standards that provide users with a higher degree of accountability than offshore platforms.

Custody: Uses a mix of cold and hot storage, with the majority of assets held in secure, offline environments.
Security Partnership: Collaborates with TRM Labs, a leading blockchain intelligence company, to monitor for scams and fraudulent activity.
2-Factor Authentication (2FA): Mandatory for withdrawals and highly encouraged for all account logins.
Biometric Security: Integrated into the mobile app (FaceID/Fingerprint) for secure, on-the-go access.
ISO 27001: As we emphasize in “The Hierarchy of Security,” this certification is the gold standard for verifying that a company manages its information security with professional rigor.

Supported Assets

Swyftx offers one of the most diverse selections of digital assets in Australia, sourcing liquidity from global markets to ensure tight spreads.

Major Coins: BTC, ETH, XRP, SOL, ADA
Altcoins: 420+ supported tokens, including emerging Layer 1s, DeFi protocols, and AI tokens.
Fiat Support: Direct trading pairs in AUD, NZD, and USD.
Liquidity: Because Swyftx acts as an aggregator, users get access to the deep liquidity of the global market while staying within a local Australian interface.

Fees and Costs

Swyftx is known for its transparent and competitive fee structure, which is significantly lower than some other “instant-buy” local competitors.

Standard Trading Fee: 0.6% (Applies to all buy/sell transactions).
Tiered Discounts: High-volume traders (moving over $100k/month) can unlock lower fees, dropping as low as 0.1%.
Spreads: Swyftx is highly transparent about its spreads, which typically range between 0.4% and 0.8% for major assets.
AUD Deposits/Withdrawals: $0 fees for most bank-related transfers.

AUD Deposit and Withdrawal Methods

Movement of funds is a major strength of the Swyftx platform, with integrations that allow for near-instant transfers.

Deposit methods: PayID (Instant), Osko (Instant), Bank Transfer, Credit/Debit Card (via third-party).
Withdrawal methods: Direct Bank Transfer to any Australian or New Zealand bank.
Speed: PayID deposits typically appear in your wallet within seconds, 24/7.
Limits: High daily limits suitable for both retail and high-net-worth investors.

Trading Experience

Swyftx provides a “pro-lite” experience; it’s powerful enough for technical analysis but simple enough for a first-time buyer.

Demo Mode: An exceptional feature for Shepley Capital students. You can toggle “Demo Mode” to trade with $10,000 of “fake” money in real market conditions to test your strategies without risk.
Portfolio Tracking: Features a highly detailed growth chart that tracks your PnL (Profit and Loss) over time, including your “realised” vs. “unrealized” gains.
Mobile App: Consistently rated as one of the best in the App Store for its speed and clean design.
Charts: Integrated with TradingView, providing the full suite of technical indicators for advanced chartists.

Additional Features

Crypto Bundles: Automatically diversify by buying a “basket” of assets (e.g., the DeFi Bundle or the Top 10 Bundle).
Recurring Buys: Set up a “Set and Forget” DCA strategy to buy your favorite assets on a weekly or monthly schedule.
Learn & Earn: Get rewarded with small amounts of crypto for completing educational modules within the app.
Entity Accounts: Streamlined onboarding for SMSFs, Trusts, and Companies, complete with tax reporting tools.

Customer Support

Swyftx is famous for its “Human-First” support. Based in Brisbane, their team understands the specific nuances of Australian banking and taxes.

Channels: 24/7 Live Chat and Email support.
Response Times: Typically under 10 minutes for live chat during business hours.
Local Advantage: Having an Australian team means no “lost in translation” issues or time-zone delays when you need help most.

Verification & KYC

Swyftx uses a rapid, automated KYC verification system that aligns with AUSTRAC requirements.

Process: 100% digital via the mobile app or web.
Documents: Australian Driver’s License, Passport, or Medicare card.
Time: Most accounts are verified and ready to trade in under 3 minutes.

Pro's & Con's

Pro’s

✅ Best-in-class user interface and mobile app.

✅ Demo Mode for risk-free practice trading.

✅ Competitive 0.6% flat fee (cheaper than most local competitors).

✅ Instant AUD deposits via PayID/Osko.

✅ Australian-based 24/7 support.

✅ Strong support for SMSF and Trusts.

Con’s

❌ 0.6% fee is still higher than global “Pro” exchanges like Kraken Pro.

❌ Does not offer an NFT marketplace (unlike CoinSpot).

❌ Higher spreads on some smaller, low-volume altcoins.

Who Swyftx is Best For

Absolute Beginners: The Demo Mode and clean UI make it the safest environment to learn.
Intermediate Traders: Those who want TradingView charts and custom bundles without the complexity of a global order book.
SMSF & Trust Investors: Those who need a compliant, locally supported platform for their retirement funds.
“Set and Forget” Investors: Users who want to utilise recurring buys to build long-term wealth.

How to Get Started

Sign Up: Create an account at Swyftx.com.au.
Verify: Complete the 3-minute KYC process with your ID.
Practice: Switch to Demo Mode to get a feel for the platform.
Deposit: Send AUD via PayID for instant funding.
Buy: Choose an asset (or a Bundle) and place your first trade.

Final Verdict

In 2026, Swyftx is the most well-rounded exchange for the average Australian investor. It manages to offer a “premium” feel without the premium price tag. By combining high-level security (ISO 27001) with unique educational tools like Demo Mode, Swyftx provides a framework that perfectly aligns with the Shepley Capital philosophy: Educate yourself first, manage your risk, and use the best tools available to execute your plan.

Now that you have all the information about whether Swyft is the right fit for you, it’s time to decide what’s next.