Coinspot vs. Swyftx: Which Is A Better Crypto Trading Platform For Australian Traders In 2025?
By:W, LeahAs digital assets continue to gain global momentum, both individual and institutional investors are increasingly drawn to the opportunities offered by this rapidly expanding financial sector. While the potential for substantial returns is undeniable, cryptocurrency trading also involves significant risks due to the market’s inherent volatility.
A critical component of successful crypto investing is choosing the right cryptocurrency exchange. However, with a vast array of platforms offering seemingly similar features, many investors can feel overwhelmed by the sheer number of options.
In this article, we will conduct a detailed comparison of two leading Australian cryptocurrency exchanges—Coinspot and Swyftx—examining key aspects such as supported cryptocurrencies, fee structures, security measures, features, deposit options, customer support. By the end of this comparison, you will have the insights needed to make a well-informed decision tailored to your trading preferences and investment goals.
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Table of Contents
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About Coinspot
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| Name | CoinSpot |
| Launched | 04/2014 |
| Website | https://www.coinspot.com.au |
| Blog | |
| Maker Fees | 0 |
| Taker Fees | 0 |
| Perpetual Trading volume(24h) | $ 0 |
| Perpetual Trading Pairs | 0 |
| Spot Trading volume(24h) | $ 0 |
| Spot Trading Pairs | 0 |
| Fiat Supported | |
| Update Time | 2025-06-26 13:40:02 |
Founded in 2013, CoinSpot is one of the largest and most established cryptocurrency exchanges in Australia. It offers the widest selection of digital assets in the country, with support for over 460 cryptocurrencies. Geared more towards beginners than advanced traders, CoinSpot has earned a strong reputation for its robust security measures, user-friendly interface, and support for NFT trading.
The Pros & Cons of CoinSpot summarize as below:
| CoinSpot | Pros | Cons |
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About Swyftx
With a mission of “Empower people today, to unlock their financial freedom tomorrow”, Swyftx is a popular Australia-based exchange that offers users a streamlined experience. For those who want to trade cryptocurrencies in Australia, Swyftx certainly is a top choice due to its features like low trading fee and risk-free demo mode.
The Pros & Cons of Swyftx summarize as below:
| Swyftx | Pros | Cons |
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Coinspot vs. Swyftx: Supported cryptocurrencies
CoinSpot offers one of the most extensive selections of cryptocurrencies among Australian exchanges, supporting over 460 coins at the time of writing. Swyftx, while offering fewer options, still provides a solid range with more than 350 cryptocurrencies available.
Verdict: For most investors, both platforms cover the majority of popular assets they are likely to trade. Neither exchange has any significant omissions when it comes to mainstream cryptocurrencies. However, CoinSpot stands out with its broader coin selection and the additional option to trade NFT collections, offering a slightly more diverse range of digital assets compared to Swyftx.
Coinspot vs. Swyftx: Fees
Swyftx applies a flat 0.6% trading fee on all buy and sell transactions, which is considered competitive and below the industry average among reputable Australian crypto exchanges. For example, a $1,000 trade would incur a fee of $6. The platform also offers a tiered fee structure for high-volume traders, with fees decreasing to as low as 0.1% per trade based on trading volume.
In comparison, CoinSpot charges a 1% fee for instant buy and sell orders. However, for market orders, which are available for a limited selection of approximately 15 cryptocurrencies, CoinSpot offers a significantly lower fee of just 0.1%.
Deposit Fees
Swyftx does not charge any fees for deposits in Australian dollars, supporting a variety of methods including bank transfers, PayID, and credit or debit cards.
Similarly, CoinSpot offers multiple free AUD deposit options such as bank transfers, PayID, PayPal, and cash deposits. However, BPAY deposits are subject to a 0.9% fee, while cash deposits at retail locations incur a 2.5% fee.
Crypto Withdrawal Fees
Both platforms apply a cryptocurrency withdrawal fee, which is determined by the network mining fee rather than the exchange itself. The actual fee will vary depending on the specific cryptocurrency being withdrawn.
AUD Withdrawal Fees
Both Swyftx and CoinSpot allow free AUD withdrawals to Australian bank accounts, with no additional platform fees.
Verdict: Overall, it’s a balanced competition. Swyftx offers an advantage for instant trades with its lower flat fee, while CoinSpot provides better value for limit orders through its 0.1% market order fee—though only for a limited number of coins.
Coinspot vs. Swyftx: Security
CoinSpot is widely recognized for its strong security framework, making it one of the most trusted cryptocurrency exchanges in the Australian market. Notably, CoinSpot was the first Australian crypto exchange to achieve ISO 27001 certification for information security — a globally recognized standard that demonstrates its commitment to safeguarding customer data and digital assets.
Beyond ISO 27001 compliance, CoinSpot employs multiple layers of protection, including two-factor authentication (2FA), anti-phishing protocols, and multi-signature wallet architecture. Advanced encryption safeguards sensitive data, while regular security audits and penetration tests are conducted to proactively identify and address vulnerabilities. Additionally, CoinSpot stores the vast majority of customer assets in offline cold storage, significantly reducing exposure to potential hacking attempts. These comprehensive measures provide users with a high level of confidence in the safety of their funds.
Swyftx is equally committed to maintaining robust security standards to protect user assets and personal information. The platform incorporates two-factor authentication, biometric logins, KYC identity verification, breached password monitoring, and regular penetration testing, overseen by a dedicated and experienced cybersecurity team. Like CoinSpot, Swyftx has also been awarded ISO 27001 certification, underscoring its adherence to international best practices in information security management.
Verdict: Both CoinSpot and Swyftx demonstrate exceptional dedication to protecting their users’ assets and personal data. Their shared achievement of ISO 27001 certification reflects their ongoing commitment to maintaining the highest standards of security.
Coinspot vs. Swyftx: Features
Both exchanges provide a broad range of features that appeal to Australian crypto investors, many of which extend beyond the basic scope of trading.
CoinSpot has launched its own CoinSpot Mastercard, enabling users to spend their cryptocurrency on everyday purchases—an attractive feature for those looking to integrate digital assets into daily life. Additionally, CoinSpot offers a built-in NFT marketplace, allowing users to explore, buy, and sell a wide range of non-fungible tokens. This user-friendly platform makes it easier for Australians to engage with the rapidly growing digital art space.
Swyftx, on the other hand, offers a Crypto Demo Mode, which allows users to simulate trading with $10,000 in virtual funds. This feature provides a risk-free environment to practice strategies and explore the platform’s interface—ideal for beginners. Another notable feature is Swyftx Learn & Earn, an educational initiative that rewards users for completing lessons on blockchain and cryptocurrency fundamentals.
Both platforms deliver a feature-rich experience, setting a high standard among Australian exchanges. CoinSpot stands out with its extensive coin offerings and integrated NFT marketplace, while Swyftx excels in user onboarding with its demo mode and educational tools.
Verdict: The best platform depends on your individual investment goals. CoinSpot may better suit users looking for broad asset access and NFT functionality, while Swyftx may appeal to newer traders seeking a more guided learning experience.
Coinspot vs. Swyftx: Deposit method
Swyftx offers a range of deposit options including bank transfer, PayID, Osko, and credit or debit cards. Most of these methods are processed instantly, although some users have reported that, on occasion, deposits may take up to 24 hours to reflect in their accounts. Additionally, Swyftx supports cryptocurrency deposits by allowing users to transfer digital assets directly to their Swyftx wallet address from external digital or hardware wallets.
CoinSpot also provides a wide variety of fiat deposit options. Customers can fund their accounts through instant online transfers using POLi and PayID, standard bank transfers, or cash deposits at participating newsagents across Australia. One feature that sets CoinSpot apart is its support for PayPal deposits, offering an added layer of convenience for some users. However, it’s worth noting that certain deposit methods may incur additional fees—PayPal deposits, for example, come with a 0.5% fee, while cash deposits attract a 2% fee.
Verdict: Both Swyftx and CoinSpot offer multiple convenient options for funding accounts, many of which are fee-free. However, CoinSpot gains a slight advantage thanks to its support for PayPal, which may appeal to users seeking more flexibility in deposit options.
Coinspot vs. Swyftx: Customer service
Swyftx is highly regarded for its customer support, providing 24/7 live chat assistance with support teams based in Australia, New Zealand, the UK, and mainland Europe. This broad geographical coverage ensures timely and responsive assistance for users across multiple time zones.
CoinSpot also enjoys a strong reputation for outstanding customer service. Like Swyftx, CoinSpot offers 24/7 live chat support and is widely praised for its responsiveness, professionalism, and customer-centric approach.
Verdict: Both CoinSpot and Swyftx are recognized for delivering exceptional customer support. Their round-the-clock live chat services and commitment to customer satisfaction have earned them strong reputations among Australian crypto users.
Final Verdict: Which One is Better in 2025?
After a comprehensive comparison of Swyftx and CoinSpot, it’s evident that both platforms deliver strong offerings for Australian cryptocurrency traders. Swyftx stands out with its more competitive fee structure, lower overall trading costs, and superior educational resources, making it particularly appealing to cost-conscious or beginner traders. CoinSpot, on the other hand, offers a slightly wider range of tradable cryptocurrencies and uniquely features an integrated NFT marketplace, distinguishing it from other Australian exchanges.
Both platforms excel in areas of security and customer service, earning strong reputations for protecting user assets and providing responsive support.
Ultimately, there is no universal “best” exchange — the ideal choice depends on your individual trading goals, experience level, and preferences. Many investors may even find value in using features from both platforms to suit different aspects of their crypto journey.
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About BTCC
Except for CoinSpot and Swyftx, we would like to introduce BTCC, one of the longest running exchanges in the world. BTCC may be a better choice for those Australian traders looking for better trading experience, timely customer support and global compliance. Fully licensed and regulated in the U.S., Canada, and Europe, BTCC is a well-known cryptocurrency exchange, boasting an impeccable security track record since its establishment in 2011, with zero reported hacks or breaches.
Obviously, security is not the only shining point supporting BTCC’s rapid development. In addition to industry-leading security, BTCC also has many other standout features attracting many crypto enthusiasts. One of the most appealing aspects of BTCC is its low trading fees. With competitive fee structures that make trading affordable and accessible to all users, BTCC successfully ensures that traders can maximize their profits without being burdened by hefty fees.
BTCC platform provides a diverse range of trading features, including demo trading, crypto copy trading, spot trading, as well as crypto futures trading with a leverage of up to 500x. If you want to engage in cryptocurrency trading, you can start by signing up for BTCC. Besides, BTCC boasts lightning-fast transaction speeds, allowing users to access their funds quickly and efficiently whenever they need them.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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