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Swyftx Referral Code 2023
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Sinead Burgess
Among Australian crypto exchange platforms, Swyftx is one of the most well-designed platforms around.
Aussie crypto enthusiasts have access to loads of cryptocurrencies through Swyftx, it’s simple to use, and you can easily get 20 AUD worth of Bitcoin (BTC) just for signing up on the platform using our Swyftx referral code.
Swyftx’s referral program is very simple and straightforward. Users get a 20 AUD Bitcoin bonus when they create a new account. Only new accounts are eligible for the 20 AUD welcome bonus, and you need to have a working referral code.
Luckily, there’s no need to browse the web for Swyftx referral codes when you can just use our code to get the 20 AUD worth of BTC as a nice token of appreciation for new platform users.
Table of Contents
What Is Swyftx?
Swyftx is a relatively young Australian crypto exchange platform, launched in 2018, but it has quickly become quite popular, with over 300,000 satisfied users across Australia.
The platform is fiat-friendly and very easy to use, thanks to its simple user interface and straightforward platform design that allows you to invest money in crypto in a matter of minutes.
Swyftx supports more than 320 digital currencies, including all the market-leading coins and tokens. The Swyftx trading platform is geared towards beginners and average crypto traders since the platform is focused on instant trading. Swyftx is all about simplicity and efficiency.
How to Use the Swyftx Referral Code
This is how you can take advantage of the Swyftx referral code and quickly earn your 20 AUD worth of free crypto:
First, you have to find a Swytx referral code. Use ours to get the 20 AUD bonus by clicking on the referral link.
Now, you’ll need to create a user account on Swyftx.
The account creation procedure requires you to provide an email address and create a strong password to protect your platform account.
Additionally, you’ll have to provide your full name and country of residence, and you’ll need to comply with the terms of use.
The next step is to verify your identity with Swyftx by providing the platform with additional personal details and a photo of an identification document, such as your ID card or passport.
When you complete the sign-up and identity verification procedure, you’ll automatically receive your 20 AUD worth of BTC in your Swyftx account when you start trading.
Swyftx Review
Swyftx is one of the fastest growing crypto exchanges in Australia, thanks to their top quality services, wide range of available cryptos, and overall platform simplicity.
The platform was launched in 2018 in Brisbane as a native Australian crypto exchange, but it also provides services to users from New Zealand. Swyftx has a very smooth sign-up process that takes just a few minutes, along with the identity verification protocol.
Just like most Aussie platforms, Swyftx is a regulated crypto exchange and follows the regulations prescribed by AUSTRAC. You can trade hundreds of cryptos on Swyftx, with solid liquidity levels, affordable fees, and relatively low market spreads.
When it comes to trading features, Swyftx is definitely an exchange geared towards beginners and everyday crypto investors who want to get quick exposure to crypto without necessarily learning how to use complex trading interfaces and technical analysis tools.
That’s why all of the trading on Swyftx is done through the well-designed instant trading feature, that allows users to invest fiat currency and buy or sell crypto in no time. Besides trading, Swyftx users can also stake around 20 coins and tokens and earn nice annual yields from the crypto stored in their accounts.
Supported Cryptocurrencies
The crypto selection is what makes or breaks a good crypto exchange. In this segment, Swyftx is really perfect because it supports more than 320 coins and tokens.
Both beginners and experienced traders can find all the cryptos they need on Swyftx. Additionally, the platform is known to have stable liquidity levels for all supported cryptos, which means you won’t have any problems buying any of the available coins.
The Swyftx crypto selection includes Bitcoin (BTC), Algorand (ALGO), ApeCoin (APE), Avalanche (AVAX), Balancer (BAL), Band Protocol (BAND), Ethereum (ETH), Bitcoin Cash (BCH), Cardano (ADA), Chiliz (CHZ), Decentraland (MANA), Ripple (XRP), USD Coin (USDC), Cosmos (ATOM), Polygon (MATIC), Flow (FLOW), and 300+ additional altcoins.
Fees
Many crypto exchange platforms use a market maker and taker fee model with different fee tiers. However, Swyftx has an entirely different trading fee policy that charges 0.6% on all trades.
The fees aren’t very low, but they aren’t expensive either. Thanks to its fee policy, Swyftx ranks among the affordable trading platforms with average fees.
As for deposits and withdrawals, Swyftx supports OSKO, PayID, POLi, credit cards, debit cards, bank account transfers, and crypto. All deposit and withdrawal methods are entirely free of charge, except for crypto withdrawals that incur standard blockchain transfer fees that vary depending on the blockchain in question.
Pros
- More than 320 available coins and tokens.
- User-friendly interface.
- Numerous fiat deposit and withdrawal methods.
- All deposit methods are free of charge.
- Regulated by AUSTRAC.
Cons
- The fees can be a bit lower.
- The platform only supports AUD and NZD.
- There’s no advanced trading interface on Swyftx.
Swyftx vs CoinSpot
CoinSpot is the largest crypto exchange platform in Australia, with more than 2.5 million users. However, this doesn’t mean that Swyftx provides lower-quality services.
In fact, Swyftx is considerably easier to use than CoinSpot because all of the trading is done through the instant trading feature, making Swyftx a great choice for crypto beginners.
As far as the selection of cryptos is concerned, both platforms offer over 300 coins to choose from.
Swyftx vs Digital Surge
Digital Surge is one of the most secure crypto exchanges on the Australian market. It’s known for its advanced security features and regular third-party security audits, which make it a great choice for storing crypto and trading.
The platform supports some 300+ coins, and it’s also geared toward instant trading. The Digital Surge fees vary between 0.1% and 0.5%, which is somewhat lower compared to Swyftx, but the overall user experience might be more practical on Swyftx.
Swyftx vs Bybit
Bybit is a major cryptocurrency trading ecosystem. This means that the platform combines instant trading, advanced trading features, order types and technical analysis tools, with crypto derivatives, crypto trading bots, and NFT trading features.
Bybit provides a much broader range of services compared to Swyftx, and the fees are somewhat lower. However, Bybit is very complex, and it can be quite hard to use for beginners and average crypto traders.
That’s why Swyftx is a better overall choice for users who are simply looking to invest in crypto without any unnecessary hassle.
Swyftx Alternatives
Binance is a great alternative to Swyftx if you’re looking for a crypto exchange that supports more than just instant trading features. On Binance, you can quickly buy, sell, and swap more than 600 cryptos at very affordable fees. Additionally, Binance has many advanced trading features and a detailed trading interface. If you’re into crypto derivatives or NFTs, Binance also has you covered.
Kraken is another solid alternative to Swyftx. The platform is one of the oldest international crypto exchanges on the market, and it’s considered one of the safest crypto exchanges, with a perfect cybersecurity score. The platform supports more than 120 trending cryptos and has moderate trading fees.
Kraken allows users to shift between the standard Kraken instant trading feature and the Kraken Pro trading interface that has all the features needed to implement even the most advanced trading strategies.
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frequently asked questions
You can easily claim your free 20 AUD of Bitcoin using our referral code when you sign up on Swyftx.
The Swyftx referral code is used to get 20 AUD sign-up bonuses, while Swyftx also has a promo code program that provides users with various promotional codes that carry different bonuses.
These codes can only be used once – during the signup process – and they are used to promote the Swyftx platform on the web. The referral code, on the other hand, is a permanent Swyftx offer.
Promo codes are usually found on websites dealing with special offers, coupons, and discounts.
Yes, you can share this referral code anywhere on the web, especially on your social media accounts.
Unfortunately, you can’t use the referral code if you’re already a Swyftx user because only new users are eligible for the referral bonus.
There are several referral codes for Swyftx, but ours will give you the highest welcome bonus. Regarding promo codes, various promo codes offer users smaller welcome bonuses or platform fee discounts after making their first deposit on the platform.