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Swyftx vs Digital Surge

Swyftx and Digital Surge compared on what decides the bill for an Australian: the real cost of an AUD buy, whether there is an AUD book to trade against, and who you are contracting with.

Trade on Swyftxswyftx.com Trade on Digital Surgedigitalsurge.com.au Both links are affiliate links. They never change the ranking, the scores or the data on this page.
Swyftx Brisbane · est 2018 · Brokerage
AUSTRAC RegisteredAU BrokerageDemo Mode · Tax Tools
Coindaily Score 75/100
swyftx.com Swyftx homepage as served to Australian visitors
VS
Digital Surge Brisbane · est 2017 · Brokerage
AUSTRAC RegisteredPast Administration (2022)AU Brokerage
Coindaily Score 72/100
digitalsurge.com.au Digital Surge homepage as served to Australian visitors
73
Costwhy
76
Swyftx · 73
  • Effective cost of the default route is about 0.60% (brokerage: the spread is the cost)
  • 55% of the cost facts on our swyftx review read as favourable
Digital Surge · 76
  • Effective cost of the default route is about 0.50% (brokerage: the spread is the cost)
  • 58% of the cost facts on our digital-surge review read as favourable
22
Liquiditywhy
21
Swyftx · 22
  • No public order book to measure: this is a brokerage that quotes you a price
  • There is no depth behind a quote, only the platform's willingness to fill it
  • Global liquidity standing 40/100 from the Coindaily exchanges table
Digital Surge · 21
  • No public order book to measure: this is a brokerage that quotes you a price
  • There is no depth behind a quote, only the platform's willingness to fill it
  • Global liquidity standing 38/100 from the Coindaily exchanges table
72
AUD accesswhy
60
Swyftx · 72
  • No AUD order book, so every AUD trade routes through a conversion or a quote
  • 3 documented AUD deposit rails: PayID, Bank, Card
  • 71% of its money-in-and-out facts read as favourable
Digital Surge · 60
  • No AUD order book, so every AUD trade routes through a conversion or a quote
  • 2 documented AUD deposit rails: PayID, OSKO
  • 71% of its money-in-and-out facts read as favourable
68
Trust & regulationwhy
45
Swyftx · 68
  • AUSTRAC-registered, and holds or sits under an AFSL
  • 53% of its custody and regulation facts read as favourable
  • Operating since 2018
Digital Surge · 45
  • AUSTRAC-registered, and holds no AFSL
  • 42% of its custody and regulation facts read as favourable
  • Operating since 2017
77
Asset rangewhy
82
Swyftx · 77
  • 440 assets listed
  • 44% of its what-you-can-trade facts read as favourable
  • Not every listed asset is reachable in AUD
Digital Surge · 82
  • 400 assets listed
  • 62% of its what-you-can-trade facts read as favourable
  • Not every listed asset is reachable in AUD
82
Features & supportwhy
87
Swyftx · 82
  • 77% of its trading, support and tax facts read as favourable
  • Drawn from 22 sourced facts across three sections
  • Scored on what is documented, not on marketing claims
Digital Surge · 87
  • 82% of its trading, support and tax facts read as favourable
  • Drawn from 24 sourced facts across three sections
  • Scored on what is documented, not on marketing claims
Honours even, 3 pillars each. Scores are the desk's assessment of the evidence on this page, judged for an Australian buying in Australian dollars.
The Coindaily Score above ranks a venue globally: liquidity, cost and standing across every market it runs. The six pillars re-weight the same evidence for one specific job, an Australian funding an account in AUD. That is why a venue with a lower headline score can win pillars here. Full method on the exchanges table.

What a trade actually costs

Cost calculator

Three costs kept apart, because they are not the same thing: the published trading fee, the AUD conversion a venue with no AUD book forces on you, and the measured cost of crossing its order book. Click any route for the detail.

Scenario
RouteTrading feeAUD conversionCrossing the bookAll inOn A$1,000

Execution. Priced by quote, not a book. The margin is inside the rate you are shown.

A brokerage prices the spread into the quote, so the spread is the cost.

Execution. This platform publishes no route below its quoted price.

Where a platform runs a cheaper order book, it appears here. This one does not.

Execution. Priced by quote, not a book. The margin is inside the rate you are shown.

A brokerage prices the spread into the quote, so the spread is the cost.

Execution. This platform publishes no route below its quoted price.

Where a platform runs a cheaper order book, it appears here. This one does not.

On A$1,000 bought and held, the lowest all in cost is Digital Surge · PayID, then buy at the quoted price at A$5.00, of which 0% is crossing the book, not fee. That is A$1.00 below the dearest default route.

The books behind those numbers

Both sides of both public books, walked 26 July 2026. Top order is the share of that side held by a single resting order: depth that is one order can leave. Anything above 25% of visible depth is marked too big rather than given a price it would not get.
VenueDepthTop orderA$1kA$5kA$10kA$25kA$50kA$100k
Trading fees are the platforms' own published rates. Crossing costs are walked from the live order book. The AUD conversion is the one figure here we cannot verify from a public book, so it is modelled from the exchanges table and marked with a dotted underline; it is also the number that decides the Binance result, so treat it as an estimate rather than a quote. It applies only from an AUD start: if you already hold USDT, ignore that column and Binance's cheap route is 0.075%. Posting a limit order avoids the crossing cost at the price of an uncertain fill. Network fees are excluded, they depend on the chain rather than the venue.

Which one is for you

Choose
Swyftx
  • Best app and onboarding experience locally
  • Pre-emptively shut its yield product before regulators forced anyone's hand
  • Demo mode and strong tax tooling
But go in knowing
  • Spread model: ~0.6% each way is mid-pack, not cheap
  • No real order book for active trading
  • Younger than the 2013-era locals
Choose
Digital Surge
  • Chose repayment over liquidation after FTX - rare follow-through
  • Simple, clean AU brokerage with good rails
  • Wide asset range for a small venue
But go in knowing
  • 2022 administration is a permanent counterparty-risk lesson
  • Brokerage spreads around 0.5% each way
  • Smallest scale of the platforms listed here
The call

For an AUD buy, Digital Surge. Past that it depends on what you are doing.

These two are scored here for one job: an Australian funding an account in Australian dollars. The pillars above re-weight the same evidence for that reader, which is why they can disagree with the global Coindaily Score.

Buying with Australian dollars
Digital Surge
Its default route lands at about 0.5% all in, against 0.6% on Swyftx.
You want the stronger regulatory standing
Swyftx
Scores 68 against 45 on licensing, custody and enforcement history.
Tooling, tax reporting and support
Digital Surge
Scores 87 against 82 across trading features, support and tax.
What would change it

Order book depth is the least stable figure on this page and the easiest to re-check: the measurements here are a single snapshot. Fees and licence conditions change too, so click through to a source on any row that matters to your decision.

Common questions

Is Swyftx or Digital Surge cheaper in Australia?

On the default route each one puts in front of you, Digital Surge. It lands at about 0.5% all in against 0.6%. Those figures are the published fee plus, where the platform has no AUD order book, the cost of converting Australian dollars first. Where we could walk a live book, the measured cost of crossing it is included too.

Which has better execution, Swyftx or Digital Surge?

Neither publishes an AUD order book we can walk, so neither offers measurable AUD execution. Both price an Australian buy through a quote or a conversion, which means the spread is inside the rate you are shown rather than charged as a visible fee.

Which is more regulated, Swyftx or Digital Surge?

Both are on the AUSTRAC register. On our trust pillar, which weighs licensing, custody, audits and enforcement history from the sourced facts on each review, Swyftx scores 68 and Digital Surge scores 45. AUSTRAC registration is anti-money-laundering registration, not a financial services licence, and it says nothing about whether your balance is protected.

Which lists more assets, Swyftx or Digital Surge?

Swyftx scores 77 and Digital Surge scores 82 on asset range, which counts what is listed and weighs how much of it is actually reachable in Australian dollars. A large catalogue priced only against USDT is worth less to an Australian buyer than a smaller one priced in AUD.

Can I use both Swyftx and Digital Surge?

Yes, and plenty of Australians do: one platform as the AUD door, the other as the trading venue. Moving crypto between them costs a network fee, so it is only worth the extra step if the fee gap covers it. Both report to AUSTRAC and the ATO's data matching program either way.

Every fact we hold, side by side

All 157 researched facts from the Swyftx and Digital Surge reviews, grouped by the ten sections both pages share. Rows are shown as each platform documents them rather than forced into shared labels, so nothing is re-interpreted on the way here. Every row keeps its own source.

Section
Swyftx
Digital Surge
What it costsTrading fees, subscriptions, deposits and withdrawals 8 vs 8 facts
Standard trading feeThe Regular tier rate that applies to every account under $100,000 of 30-day trading volume, which is most retail users.
0.6%per trade
0.5%Digital Surge describes 0.5% as the standard rate for users who have not reached a higher volume tier
AUD deposit feeSwyftx charges nothing for bank transfer or PayID deposits, though your own bank may.
Freebank transfer and PayID
$0Free for both PayID and standard bank transfer
AUD withdrawal feeSwyftx states it does not charge any fee for Australian dollar withdrawals. NZD withdrawals are also free of Swyftx fees.
Free
$0Digital Surge states there are no fees on AUD withdrawals
Volume discount tiersTen tiers stepping down from 0.6% to 0.1%. Tier 1 (0.55%) starts at $100,000 and Tier 9 (0.1%) needs $6,000,000 in 30-day volume. Volume is recalculated every 60 minutes.
0.55% to 0.1%$100k to $6m over 30 days
Card deposit feeCard deposits are handled by third parties. Stripe charges 1.875% per transaction. Banxa charges 1.99% plus up to a 3.5% spread on top.
1.875% to 1.99% plus spreadStripe or Banxa
Crypto withdrawal feeYou pay the blockchain network or mining fee only. Swyftx states it does not add an extra fee on top of the wallet handler's fee.
Network fee onlyno Swyftx markup
Dishonour feeCharged when an AUD withdrawal is sent to incorrect bank account details and the payment bounces back.
Up to $40
Subscriptions and VIPThere is no paid subscription. VIP levels are assigned automatically on 12-month rolling trading volume and give support perks rather than a separate fee rate.
No paid tierVIP is volume-based
Best advertised trading feeThe floor of the volume-based schedule, reached only by high volume traders.
0.1%The headline "fees from 0.1%" on the fees page is the bottom tier, not the rate a new account pays
How the discount worksFees step down automatically based on your trading volume, with nothing to opt into.
Rolling 30-day volumeAutomated volume-based fees were introduced in January 2026 and apply to buys, sells, swaps, trigger orders and recurring buys
Crypto to crypto swapsWhether swapping one coin for another costs you two trades or one.
Single trading feeDigital Surge charges one fee on a swap rather than a sell plus a buy
Crypto withdrawal feesA flat per-asset fee charged when you send coins off the platform.
0.00003 BTC, 0.00013 ETH, 1 USDT, 0.01 SOL, 0.2 XRPPublished on a live fee table that Digital Surge notes is subject to change
Card depositsWhether you can fund with a debit or credit card, which usually carries a surcharge.
Not offeredFunding is bank transfer, PayID or crypto only, so there is no card surcharge to worry about
Limits and the costs that hideSpreads, deposit caps and charges that do not appear on a fee page 8 vs 8 facts
Maximum single orderTrigger orders are capped per order, though you can place several at the same trigger price.
$1,000,000per trigger order
Up to $100,000 AUD per transactionVaries by asset, and you can place as many instant orders as you like
Spread sits on top of the feeSwyftx is a brokerage, so the buy and sell prices carry a spread that is separate from the headline trading fee. Swyftx states plainly that your fee tier does not affect the spread, so high-volume traders do not get a cheaper spread.
Charged separatelynot reduced by fee tier
Low-liquidity assets cost moreSwyftx flags thinly traded assets in the order panel and warns they carry higher spreads and greater slippage. Orders on these assets are capped and splitting a large order across several trades can inflate your buy price.
$3,000 max per tradeAUD equivalent, flagged assets
Trigger orders are not limit ordersSwyftx's stop, limit and take profit orders execute as instant market orders once the trigger price is hit, so the fill price is subject to slippage. You do not get price certainty from a Swyftx limit order.
Fill at marketslippage applies
PayID deposit capPayID is the free instant deposit rail, but it is capped per deposit. Larger amounts have to go by ordinary bank transfer.
$20,000maximum per PayID deposit
Card deposit capsCard deposits are capped at $15,000 per transaction. Banxa card deposits also carry a $60,000 monthly ceiling and a $91 minimum.
$15,000 per transaction$60,000 per month via Banxa
Daily withdrawal ceilingThe default cap covers cash and crypto withdrawals combined. It can be lifted by completing the higher KYC 2 (Diamond) verification tier.
$50,000 per daycash and crypto combined
First deposit holdSwyftx warns that a first deposit can be delayed up to 24 hours because banks apply extra security checks and holds on transfers to crypto platforms.
Up to 24 hoursfirst deposit only
Fee tier tableThe volume thresholds that decide which fee you actually pay.
Not published publiclyThe help centre explains the mechanism but directs you to your own profile to see your current tier, so you cannot compare tiers before signing up
SpreadThe gap between the price you get and the market mid price. This is where brokerage-style platforms make quiet money.
Not quantifiedDigital Surge markets "tight spreads" and criticises rivals for hiding costs in spreads, but publishes no spread figure of its own
Crypto withdrawal fee is inclusiveHow the network fee is taken out of a send.
Deducted from the amount you enterEnter 0.05 BTC with a 0.00003 BTC fee and the destination receives 0.04997 BTC
Network fee mark-upWhether the withdrawal fee is the true chain cost or includes a margin.
Not disclosedDigital Surge shows the exact fee before you confirm but does not say whether it passes the network cost through at cost
Daily AUD limit, personal accountsHow much cash can move in or out of a personal account in a day.
$20,000 per dayApplies to both deposits and withdrawals
Daily AUD limit, corporate accountsThe higher cap for SMSF, business and trust accounts.
$50,000 per dayCovers SMSF, business and trust structures
Limit increase requestsThe rule that governs how often you can ask for more headroom.
One request per 30 daysYou can request either a limit increase or the enabling of crypto sends in a 30-day window, not both
What you can tradeAssets, Australian dollar pairs, staking and derivatives 8 vs 7 facts
Staking and earnSwyftx's Earn program, previously called Staking, closed on 10 January 2023 citing changing regulatory requirements. Balances were returned to trade wallets and the program has not reopened.
Not availableclosed 10 January 2023
Not part of the current feature setDigital Surge previously ran an Earn product, but staking does not appear among its listed trading features today. Confirm with support before relying on it
Number of assetsSwyftx's own iOS listing, published by Swyftx Pty Ltd, advertises more than 440 cryptocurrencies. The figure moves as assets are listed and delisted.
440+per Swyftx's App Store listing
Base currencyAustralian-verified accounts trade and settle in AUD. New Zealand accounts use NZD. Swyftx states you cannot change your account's fiat currency after registration.
AUDlocked at signup
Leverage and derivativesLeverage trading is restricted to approved wholesale investors, who must hold net assets of at least $2.5m or gross income of at least $250,000 for each of the last two financial years, certified by an accountant. Retail clients cannot access it.
Wholesale investors only1:5 leverage, 100+ assets, web only
Who issues the derivativesThe derivative products are issued by Eightcap Pty Ltd (AFSL 391441) and distributed by Swyftx as a corporate authorised representative. Swyftx is not the product issuer.
Eightcap, not SwyftxAFSL 391441
Retail derivatives after the AFSLThe AFSL granted on 8 July 2026 authorises Swyftx to offer derivatives such as crypto options and futures to retail clients, plus a non-cash payment facility. Interim co-CEO Andrea Yuen said Swyftx will not be a pure spot exchange in future.
Licensed, not yet livegranted 8 July 2026
BundlesCurated baskets that buy a selection of assets in one transaction. You can add or remove assets before ordering, and the holdings are managed individually afterwards.
Yes, customisableinstant or recurring
OTC deskA free brokered service aimed at single-asset orders above $30,000 to reduce slippage, with pre-adjusted fee discounts. Requires a phone consultation and a setting toggled on the web platform.
Orders over $30,0009am to 5pm AEST, Mon to Fri
Assets listedHow many coins you can buy, sell and swap.
400 plusDigital Surge advertises over 400 cryptocurrencies across its site and help centre
Australian dollar pairsWhether you trade directly against AUD or have to route through a stablecoin.
Direct AUD buy and sell on listed assetsBuying converts AUD to crypto and selling converts crypto back to AUD without an intermediate leg
Crypto to crypto swapsDirect coin-for-coin trades without cashing out to AUD.
SupportedCharged as one trade rather than two
Asset categoriesHow the listings are grouped for browsing.
AI, DeFi, gaming, Layer 1, meme, metaverse, NFT, RWACategory browsing is built into the platform
Derivatives, margin and leverageWhether you can trade with borrowed money or take short positions.
Not offeredThe platform offers instant orders, trigger orders and recurring buys only
Fiat currencies acceptedWhich national currencies you can fund with.
Australian dollars onlyFunding is AUD via PayID or bank transfer, or a crypto transfer in
How your assets are heldCustody, reserves, insurance and self-custody 8 vs 8 facts
Proof of reservesNo proof of reserves attestation or reserves dashboard is published in Swyftx's help centre security or wallet documentation. Swyftx committed to exploring one after the FTX collapse but no published report was located.
None published
None publishedNo proof of reserves report or third party attestation appears on the security page or elsewhere on the site
Self-custody withdrawalsYou can withdraw any listed asset to your own wallet. Swyftx requires the address to be added and verified first, and may ask for Travel Rule information on the transfer.
Supportedaddress verification required
Supported, fee per assetCrypto sends may need to be enabled on your account first, and that request counts against the one-per-30-days rule
Custody modelSwyftx holds client crypto itself and states only that assets are kept in a mix of cold and hot storage. No split between the two, and no third-party custodian, is disclosed in the help centre.
Mixed cold and hotsplit not disclosed
Insurance on client assetsSwyftx's security page lists penetration testing, session controls, breached-password checking and Chainalysis monitoring, but does not state any insurance cover over customer crypto holdings.
None disclosed
Spot trading sits outside the AFSLSwyftx states directly that its spot cryptocurrency exchange services are not provided under its AFSL. The financial services consumer protections attached to that licence do not extend to your spot crypto holdings.
Not covered by AFSLspot crypto
External wallet verificationSome withdrawals require you to prove you control the destination wallet before Swyftx will release funds, which adds friction but blocks scam-directed transfers.
Required in some cases
Blockchain monitoringSwyftx partners with Chainalysis for blockchain analysis and runs a 24/7 customer due diligence program alongside KYC checks.
Chainalysis
External security testingSwyftx states it undergoes external penetration testing and consults third-party security auditors, with breached-password checking and JWT session expiry on accounts.
Penetration testedno certification named
Who owns the coinsThe single most important line in the terms. It decides where you stand if the business fails.
Digital Surge holds legal titleThe terms state Digital Surge holds legal title to all fiat and digital assets it holds to your account
Segregation of client assetsWhether your holdings sit in an account identified as yours.
Not segregated per accountDigital Surge states account balances are not segregated on a per-account basis
Custodian statusWhether the platform holds itself out as a custodian or trustee for you.
Expressly not a custodianThe risk disclosure says Digital Surge does not provide custodial or fiduciary services and does not hold your digital assets for you or on your behalf
InsuranceWhether your holdings are covered by a policy if something goes wrong.
No insuranceDigital Surge tells users their digital assets are not insured and suggests they consider obtaining their own cover
Assurance FundAn internal pool intended to help cover a counterparty failure.
Exists, but is not insuranceHeld in Australian dollars, sized at Digital Surge's discretion from time to time, with no guarantee it will mitigate a loss
Storage modelHow the keys are actually managed day to day.
Majority cold storage, Fireblocks MPCA dual hot and cold wallet strategy with multi-party computation key management and annual external penetration testing
Who can open an accountEntity types onboarded in Australia 8 vs 8 facts
IndividualThe standard personal account. Swyftx requires you to be 18 or over to hold a verified account.
Yes18 and over
YesThe default account type
TrustTrust accounts are supported. Trustees, directors and named beneficiaries over 18 need their own verified personal accounts.
Yes
YesSupports both individual and corporate trustees
Self-managed super fundSMSF accounts are supported and applied for from your existing personal Swyftx account. Multiple members can be added with individual permission levels.
Yesapplied for from a personal account
CompanyCompany accounts are supported. All members must hold verified personal Swyftx accounts and accept an emailed invitation before permissions can be set.
Yesmulti-member with permissions
Joint accountSwyftx's account-creation documentation lists individual, SMSF, company and trust accounts only. There is no joint account product, though you can deposit from a joint bank account if your name is on it.
Not offeredjoint bank deposits accepted
Minor or child accountSwyftx states that individuals under 18 cannot hold a verified account or trade. A trust structure is the only route to holding crypto for a child.
Not offeredunder 18 excluded
Where you can sign upAccounts can only be created from within Australia or New Zealand, and your registration country fixes your deposit and withdrawal currency permanently.
Australia and New Zealandcurrency locked at signup
Sub-accounts and switchingEach entity account becomes a sub-account under your single login, so you switch between personal, company, trust and SMSF accounts from the side menu without separate credentials.
One login, many accounts
SMSFSelf-managed super funds investing in crypto through the fund.
YesA dedicated SMSF account type with its own onboarding path
Company or businessRegistered companies and organisations trading as a corporate entity.
YesRequires an ASIC company extract as part of verification
Joint accountsTwo people sharing one account, common for couples.
Not listedDigital Surge's account types article names personal, SMSF, trust and business only
Minors and under 18sAccounts held for or by children.
Not listedNo minor or custodial account type appears in the supported list
SMSF paperworkWhat you need to hand over to get a fund account open.
Full trust deed, ABN, trustee proofDigital Surge states SMSF approvals are usually completed within 24 hours
Funding source ruleWhose bank account the money is allowed to come from.
Own name onlyThird party deposits are rejected and returned
Trading featuresOrder types, recurring buys, tooling and access 8 vs 8 facts
Instant ordersSwyftx's market order. Executes immediately at the quoted brokerage price with fee and spread shown before you confirm.
Yesmarket equivalent
YesRouted through Digital Surge's smart routing rather than a public order book
Price alertsSet alerts on any listed asset by price target or percentage move, priced against AUD, NZD, USD or BTC depending on your base currency.
Yesprice or percentage
YesSet per asset and delivered automatically
API accessAPI keys can be issued with permissions you set, including read-only keys that cannot buy, sell, deposit or withdraw. Useful for accountants and portfolio tools.
Yesread-only keys available
Read-only API keysDocumented for connecting tax and portfolio tools rather than for algorithmic trading
Stop, limit and take profitGrouped as on-trigger orders. They arm at a price you set, then fill as instant orders, so the executed price can differ from the trigger price.
Yes, as trigger ordersfill at market
Trailing stopSwyftx's order types documentation lists instant, on-trigger and auto invest orders only. No trailing stop order is described.
Not documented
Auto invest (recurring buys)Dollar-cost averaging on a weekly, fortnightly or monthly schedule, optionally paired with a recurring bank deposit. Orders typically process within an hour of the scheduled time.
From $1 per asset$30 minimum total spend
Demo modeThe signature feature. Swyftx credits a practice account with mock funds to trade every listed asset at live prices, on both web and mobile, with no deposit required.
$10,000 mock fundsweb and app
Minimum tradeSwyftx accepts very small orders, which suits testing the platform or building a position slowly.
$1AUD
Trigger ordersSet a price and let the platform execute when it is hit. Used for take profit and stop loss.
YesFunds are not locked while the trigger waits, and fees apply only to trades that actually fill
Recurring buys and DCAAutomatic scheduled purchases, the feature Digital Surge is best known for.
Yes, daily, weekly or monthlyCharged at the same volume-based trading fee as any other order
Limit orders on an order bookResting orders that add liquidity and usually earn a maker discount.
NoOnly instant orders, trigger orders and recurring buys exist, so there is no maker and taker distinction
ChartingThe quality of the price charts you get inside the app.
TradingView powered chartsListed as a feature of the mobile app
Demo or paper tradingA practice mode to learn on before risking real money.
Not offeredNo demo account appears in Digital Surge's trading features or education material
Money in and outMinimums, methods and settlement speed 8 vs 8 facts
Crypto depositsYou generate a deposit address per asset and network. Choosing the wrong network is the usual cause of lost transfers, so Swyftx documents network selection separately.
Supportednetwork-specific addresses
SupportedTiming depends on the blockchain network, and an AUD deposit is still needed to link your bank account
Bank transfer depositThe default free rail. Arrives within a minute if your bank uses Osko, otherwise two to three business days.
Free, no minimuminstant via Osko
PayID depositFree and usually instant, subject to your bank's checks, but capped per deposit.
Free, no minimum$20,000 maximum
Card deposit via StripeUsually instant but the most expensive way to fund an account. Fee is charged by Stripe, not Swyftx.
1.875%$30 min, $15,000 max
Card deposit via BanxaSlower than Stripe at 30 to 45 minutes and carries a spread on top of the headline fee. Swyftx adds nothing of its own.
1.99% plus up to 3.5% spread$91 min, $60,000 per month
AUD withdrawalBank transfer only, no fee from Swyftx. Under a minute to Osko-enabled banks, otherwise two to three business days.
Freebank transfer only
Withdrawal limitDefault cap of $50,000 per day across cash and crypto combined. Raising it requires completing KYC 2 (Diamond) verification.
$50,000 per dayraise via KYC 2
Crypto withdrawal speedSent immediately but held pending until one blockchain confirmation. Minimum withdrawal amounts vary by asset and network rather than being a single published figure.
One confirmationminimums vary by asset
PayID and Osko depositsThe fast rail for getting cash in.
Usually under 60 secondsSome banks may hold a first PayID deposit for up to 24 hours
Standard bank transferThe fallback if your bank does not do PayID.
1 to 2 business daysNear instant if your bank supports Osko or the New Payments Platform
Minimum depositThe smallest amount you can put in.
$20 AUDApplies to fiat deposits
Minimum AUD withdrawalThe smallest amount you can take out.
$20 AUDYour bank account links automatically after your first AUD deposit
AUD withdrawal speedHow long the cash takes to land back in your bank.
Instant on Osko and NPP banksUp to 24 hours where the bank does not support fast payments
First withdrawal delayA security hold applied the first time you cash out.
24 hour delayApplies to your first AUD withdrawal only
Cancelling a withdrawalWhether you can pull back a request after you send it.
Not possibleDigital Surge states withdrawals cannot be cancelled once submitted
Tax and reportingWhat you get at tax time, and what you do not 6 vs 8 facts
Tax or profit and loss reportSwyftx explicitly does not produce tax or profit and loss reports, on the reasoning that it cannot track funds once they leave the platform. You need third-party software to file.
Not provided
Transaction reportDownloadable in CSV and PDF over a date range you choose, from either the app or the web platform. This is the file your accountant or tax tool needs.
CSV and PDFcustom date ranges
Koinly integrationSwyftx has a direct Koinly connection set up from the transaction reports menu, which pulls your history across and generates the profit and loss statement Swyftx will not.
Direct connect
Other reporting partnersSumm is listed alongside Koinly as a connectable reporting partner in the transaction reports screen.
Summ
Bank statementA PDF statement of your account activity can be downloaded separately, which is what lenders and brokers typically ask for.
PDF available
Order historyFull order and transaction history is viewable and filterable in-platform, covering open, filled and cancelled orders.
In-platform
Capital gains reportWhether the platform itself works out what you owe.
Not produced in-platformDigital Surge relies on third party tax providers, and their full capital gains and income reports sit behind paid plans
Tax software integrationsWhich crypto tax tools you can connect to.
Koinly, Syla, Summ, CoinLedger, CoinTrackingConnect by read-only API key or CSV export. Summ was formerly Crypto Tax Calculator
EOFY prices statementA 30 June valuation of your holdings, useful for fund and company reporting.
Available to downloadDocumented as a standard end of financial year download
Transaction history exportThe raw data your accountant will ask for.
CSV, date range selectableAvailable alongside a downloadable account statement
BGL data sharingDirect feed into the SMSF administration software most Australian funds use.
SupportedA meaningful advantage for SMSF trustees over exchanges that require manual imports
Accountant accessLetting your adviser see the account without handing over your login.
Built-in data sharingCovers accountants and SMSF providers
Portfolio return trackingWhether the app shows realised as well as unrealised gains.
Both, and you choose the methodYou can set a preferred wallet return calculation
Australian tax guidancePlain English help on how the ATO treats crypto.
In-house guideCovers capital gains and treatment of staking rewards as income
Platform and supportApps, account security and how you reach a human 8 vs 8 facts
Two-factor authenticationTime-based authenticator apps only, such as Authy, Google Authenticator or Microsoft Authenticator. Swyftx describes 2FA as recommended rather than mandatory, and no passkey option is documented.
Authenticator app onlyoptional, not enforced
Compulsory for all usersA second verification step is also required on withdrawals
EducationSwyftx Learn hosts free courses and articles, and the Learn and Earn program pays small crypto rewards for scoring 80% or above on course quizzes. Entity accounts are excluded from rewards.
Swyftx Learn plus rewardsindividual accounts only
In-house guides hubBeginner guides on blockchain, research, strategy and portfolio diversification
AppsNative apps for iOS and Android, plus a web platform. Some features, including leverage trading, are web only.
iOS and Androidplus web
App Store ratingThe Australian App Store listing, published by Swyftx Pty Ltd, carries a strong rating across a large review base.
4.5 out of 5around 6,000 ratings
Android listingPublished on Google Play under the au.com.swyftx package. Android ratings typically run lower than iOS for this app.
Availablerating not verified
Live chat supportSwyftx documents 24/7 live chat as the main support channel, reachable from the side menu under Support and feedback.
24/7 live chat
Phone supportNot a general channel. Scheduled phone support starts at VIP 2, and a direct phone line with a dedicated account manager starts at VIP 3, all assigned on trading volume.
VIP tiers onlyfrom VIP 2
Withdrawal address allowlistEvery withdrawal address must be added and verified before use, with confirmation by email and SMS. This is the strongest protection on the account against a remote takeover.
Yes, mandatoryemail and SMS confirmation
Mobile appsNative apps for phone trading.
iOS and AndroidThe iOS app is published by Digital Surge Pty Ltd and rated 4.1 from 423 ratings on the Australian store
Android appThe Google Play listing.
AvailablePublished under the package au.com.digitalsurge
Live chatThe fastest way to get a person.
365 days a yearAustralian-based team, with response times typically within a few minutes
Tickets and emailThe slower channel for anything that needs a paper trail.
24/7 ticket submissionAnswered by the same Australian support team
Phone and account managersWhether you can actually speak to someone.
Specialist appointments availableYou book a time with an account manager rather than calling a general hotline. The app listing also lists phone support
Withdrawal address controlsProtection against an attacker sending your coins somewhere new.
New addresses need email confirmation and 2FAYou can also restrict external transfers entirely, and accounts can be locked instantly if unauthorised access is detected
Trust and regulationThe entity you are actually contracting with 8 vs 8 facts
Legal entityThe company behind the platform, named across Swyftx's own help centre disclosures.
Swyftx Pty LtdABN 72 623 556 730
Digital Surge Pty Ltd, ACN 620 473 109ABN 89 620 473 109, an active Australian private company registered in Queensland since July 2017
Australian Financial Services LicenceASIC granted Swyftx an AFSL on 8 July 2026 covering derivatives, including crypto options and futures for retail clients, plus a non-cash payment facility authorisation for a planned payments business.
AFSL 568543granted 8 July 2026
No AFSLThe terms state Digital Surge does not hold or operate under an AFSL and does not offer financial advice. AUSTRAC registration is an anti money laundering measure, not consumer protection
AUSTRAC registrationSwyftx operates as a registered digital currency exchange provider and states it complies with Australian anti-money laundering and counter-terrorism financing obligations, which is why KYC tiers exist.
Registered DCEAML and CTF obligations
Registered, number 100576214Stated in Digital Surge's own terms and conditions
What the licence does not coverSwyftx states in its own help centre that its spot cryptocurrency exchange services are not provided under its AFSL. The buying and selling most customers do sits outside the licensed perimeter.
Spot crypto excluded
External dispute resolutionIf Swyftx cannot resolve a complaint, it names AFCA as the free independent escalation body for Australian customers and FSCL for New Zealand customers. Swyftx aims to respond within 30 days.
AFCA memberFSCL for New Zealand
Caleb & Brown acquisitionSwyftx agreed to acquire high net worth crypto brokerage Caleb & Brown in a deal announced in July 2025 for more than A$100 million, described as the largest crypto acquisition in Australia and New Zealand to date. Caleb & Brown held more than $2 billion in digital assets under custody.
Over A$100 millionannounced July 2025
Superhero mergerThe proposed $1.5 billion merger with share trading platform Superhero, announced in June 2022, was abandoned in December 2022 amid market volatility and regulatory scrutiny. It never completed.
Abandoned December 2022never completed
Credit productsAny credit or lending product surfaced in the Swyftx platform is provided by Block Earner, with Swyftx acting as an authorised credit representative rather than the lender.
Block Earnercredit representative 579667
Voluntary administration, December 2022The event that matters most in this platform's history.
Administrators appointed 8 December 2022Digital Surge froze customer accounts from 16 November 2022 with roughly A$33m of customer-related assets trapped in the FTX collapse. About 22,000 to 22,500 customers were affected. KordaMentha was appointed administrator
Deed of company arrangementThe rescue deal creditors voted for instead of liquidation.
Approved January 2023, signed 15 February 2023Creditors voted it up with about 90% support, backed by a A$1.25m loan from related business Digico. The exchange resumed trading rather than being wound up
What customers actually got backThe recovery rate, which is the number that matters. Customers were not made whole.
Estimated 55% of claim value, plus the rest over five yearsATO class ruling CR 2024/50 records that the DOCA provided customers and unsecured trade creditors an estimated 55% of the AUD value of their claim as at 8 December 2022. Balances under A$250 were repaid in full. The remainder was to be paid from company profits over five years
Where the DOCA stands nowWhether the company is still under external administration.
DOCA terminated, claims moved to a Creditors' TrustOn termination Digital Surge was released from participating creditors' claims and each creditor became a beneficiary of a Creditors' Trust instead. The trading company is no longer in external administration
Ownership todayWho controls the business now.
Privately held, Australian owned and operatedBrisbane based and still run by its founders. It was not acquired or absorbed by a larger group after the administration
Checked on 26 July 2026. 18 facts happened to line up by name and are shown as single rows; the rest sit in each platform's own column. Hover a row: src opens the primary document, flags that platform's value as wrong.
VisitSwyftxswyftx.com VisitDigital Surgedigitalsurge.com.au
Registrations, licences, fees and product availability change. Check the current AUSTRAC Virtual Asset Service Provider Register and each platform's own disclosures before depositing. This page is general information only, not financial advice, and contains modelled figures where a platform does not publish a rate. Coindaily may earn a commission from links marked as such - it never changes the ranking or the data.

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