Now that you've completed your trade, your crypto will be credited into your account within minutes. By eliminating the initial confusion suffered by beginner crypto investors, they've effectively saved their customers millions of dollars. For more information about the tax implications associated with cryptocurrencies, read our cryptocurrency taxation guide for Australians. Swyftx has a simplefee of 0.6% per transactionfor buy and sell orders. This is the longest btc delay I've had from various exchanges in the last 4 yrs. To make a withdrawal from Swyftx, the exchange does not charge any fees. Swyftx is one of the best Cryptocurrency Exchanges on the market and has everything you need rolled into one platform. Even with discounts for high volume users, their fees and spreads are certainly not competitive compared to Binance, and I would agree that for active trading SwyftX are simply not a viable choice. As you can see, everything is where you'd expect it to be. He has been in the crypto space since 2016 and is passionate about sharing his expertise and knowledge with others. If you want to go through the peer-to-peer method, the best site for those is Paxful and LocalBitcoins. After conducting this comparison, it's hard not to notice how similar these two exchanges are. Swyftx is perfect for beginner to intermediate-level crypto traders. Swyftx has recently partnered with New Brighton Capital to allow Australians to invest their superannuation into Bitcoin and other cryptocurrencies. The advantage of bundles for customers is they will reduce the overall fees incurred by individuals buying crypto assets. Nothing at all showing on swyftx platform - nothing in pending etc. Swyftx is also GST-registered and must pay GST on income earned from providing goods and services. This means you have to remember to declare this on your tax returns and pay the profit to the tax departments. I would attribute a lot of this success to them starting small. Before sending, CoinSpot will ask you to enter your 2FA as a security measure. Buy, sell and store 320+ cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Shiba Inu (SHIB) and Dogecoin (DOGE). This will take you to the KYC verification page that looks like this. Please note this method is available only for users of non-custodial crypto wallets. The best approach is to withdraw funds from a Swyftx wallet to a hardware wallet. Looking at the txn Id and wallet address on the blockchain, transaction was settled / confirmed 27 hrs ago and the wallet address has a positive balance. Quick and easy online verification process for your email, phone number and ID verification without needing to upload any documents. Create an account with Swyftx. Swyftx | Trusted Cryptocurrency Exchange | 320+ Listed Assets Buy Rocket Pool (RPL) in Australia | Swyftx Verdict: Swyftx's platform is much easier to navigate, while Coinspot has taken a more professional approach while designing its platform's layout.