When you trade on Swyftx, a crypto exchange based in Australia that lets users buy, sell, and swap digital assets with AUD. It's one of the most popular platforms for Australians, but Swyftx isn't free—and understanding its fees is the first step to keeping more of your money. Unlike some exchanges that hide costs in spreads or surprise charges, Swyftx makes its fee structure clear upfront. But clarity doesn't always mean low costs. You need to know exactly where the money goes.
Swyftx charges a flat trading fee, a percentage charged on every buy or sell order, typically around 0.6% for standard trades. That’s higher than some global giants like Binance or Kraken, but it’s competitive within Australia, where banking and payment options are limited. If you’re using bank transfers or PayID to deposit AUD, there’s no fee. But if you use a credit card? That’s where things get messy—Swyftx adds a 2% processing fee on card deposits, which can eat into small trades fast. Withdrawals also cost money: Bitcoin withdrawals run about $0.50, Ethereum around $1.50, and stablecoins like USDT vary by network. These aren’t hidden—they’re listed on their site—but most new users miss them until they see their balance drop.
Swyftx doesn’t charge for holding coins, which is good. But it also doesn’t offer staking rewards or earn programs like some competitors, so you’re not getting paid to sit on your assets. And while it supports over 500 tokens, not all are equally liquid. If you trade obscure coins, you might face wider spreads, which act like invisible fees. The real cost isn’t just the number on the screen—it’s the time lost waiting for slow trades or the money lost because your coin had low volume. Swyftx is simple, fast, and built for Australians who want to trade without jumping through hoops. But simplicity comes at a price. The posts below break down exactly how these fees stack up against other exchanges, what hidden costs you might not see, and how to avoid paying more than you need to. You’ll find real examples from users who got burned, and others who learned how to trade smarter on Swyftx—without paying extra.
Swyftx is Australia's top-rated crypto exchange with over 1.1 million users. Learn about its Swap feature, portfolio transfers, low fees, tax tools, and why Australians are switching from Binance and Coinspot.