What is Swyftx?
Swyftx is an Australian cryptocurrency exchange founded in 2019 in Brisbane. It has quickly become one of the most popular platforms in Australia and New Zealand, known for its clean, intuitive interface and wide selection of 300+ cryptocurrencies. Swyftx supports direct NZD deposits and offers features like recurring buys (for dollar-cost averaging) and a unique demo mode for practice trading.
The demo mode is particularly valuable for NZ beginners — you can trade with virtual money to learn the platform before risking real funds. Swyftx charges a 0.6% spread on trades, which is competitive for the level of convenience offered.
Pros & Cons
Pros
- +Clean, intuitive interface
- +NZD deposits supported
- +300+ cryptocurrencies available
- +Recurring buy feature for DCA
- +Demo mode for practice trading
Cons
- -Higher spreads than some global exchanges
- -Not NZ-based (Australian)
- -Limited advanced trading tools
- -No futures or margin trading
Key Features for NZ Users
Demo Mode
Practice trading with $10,000 in virtual funds. No risk, no sign-up required. Perfect for learning how crypto markets work.
Recurring Buys (DCA)
Set up automatic purchases on a daily, weekly, or monthly schedule. Great for dollar-cost averaging into Bitcoin over time.
300+ Cryptocurrencies
Far more coins than local NZ exchanges. Includes all major assets plus a wide range of altcoins and DeFi tokens.
Fees
| Trading Spread | 0.6% |
| NZD Bank Deposit | Free |
| POLi Deposit | Free |
| Card Deposit | 2% |
| Crypto Withdrawal | Network fee |
Our Verdict
Swyftx strikes a great balance between usability and coin selection. The clean interface and NZD support make it a solid mid-range option for Kiwi investors who want more coins than local exchanges but easier UX than Binance.
FAQ
Does Swyftx support NZD?
Yes. Swyftx supports direct NZD deposits via bank transfer, POLi payment, and credit/debit card. Your portfolio balance is displayed in NZD.
Is Swyftx regulated?
Swyftx is registered with AUSTRAC in Australia as a Digital Currency Exchange provider. While not specifically NZ-regulated, they comply with Australian AML/CTF requirements.
How does Swyftx compare to Easy Crypto?
Swyftx offers 300+ coins (vs 100+ on Easy Crypto), lower fees (0.6% vs ~1.5%), and more features like recurring buys and demo mode. Easy Crypto is NZ-based with a simpler direct-to-wallet model. Both support NZD deposits.
