Australian cryptocurrency traders are capable of accessing a small range of exchanges based in Australia which provide services and features designed particularly for the Australian market. Swyftx, which is based in Queensland, was launched in the year 2019 and is presently the most well-known Australian cryptocurrency exchange that provides different types of features which we do not find elsewhere.
What exactly is Swyftx?
As mentioned earlier, Swyftx review Australia was started in Queensland by a couple of cryptocurrency enthusiasts, Alex Harper and Angus Goldman with the intention of offering outstanding customer service.
The primary objective of Swyftx is to allow Australians to trade cryptocurrency in the most convenient and simplest way. The platform comes with some unique features for the convenience of the users. For starters, it will be converting your deposits to USD so as to provide you with tight spreads.
In spite of being a broker service, Swyftx allows the users to make use of more sophisticated features such as limit orders and stop losses mainly because of its high liquidity.
How to purchase cryptocurrency on Swyftx
1. Create an account
It will be imperative to visit the website for creating an account on Swyftx and you need to click Sign up. Following this, you have to enter your phone number, name, password, and email.
2. Identity verification
After this, you have to verify your phone number and email address. Swyftx will provide you with an SMS and email for this purpose. Apart from this, you have to provide identity proof as well. The majority of the users get their verification within a few minutes which will depend on the accuracy of the particulars provided by them.
3. Make a deposit
After the verification and activation of your account, it is time for you to deposit cash into your account. For doing this, go to the deposit tab and choose your preferred payment method. From there on, the process of the deposit will vary according to the payment method selected by you.
What cryptocurrencies does Swyftx trade
At present, Swyftx supports in excess of 230 cryptocurrencies and the list is getting updated on a regular basis. You will be able to trade with well-known digital currencies such as Bitcoin, Ethereum, Ripple, and Litecoin. Apart from this, they likewise have lesser-known coins such as Civic and Mithril. It will be possible to trade all these assets against USD, AUD, and BTC.
Deposit and withdrawal methods
Swyftx enables easy and fast AUD withdrawals and deposits by means of PayID and POLi, both of which provide instant deposits. It will also be possible to deposit by means of bank transfer, OSKO, cryptocurrency, debit card, and credit card. Withdrawals and deposits have a limit of $20,000 which might be increased to $100,000 with further verification.
Swyftx provides outstanding customer support which has been proved by the reviews from the users. It is possible for the users to come in touch with them by means of email, phone, live chat, as well as telegram. On most occasions, they will be responding within 3 minutes.
Swyftx can be considered to be a reliable cryptocurrency platform intended for both beginners as well as advanced users. Apart from being regulated, it also provides competitive rates along with quite a few payment methods. However, the most notable drawback of this platform is that its services are presently limited to Australian citizens only.