Swyftx and Cointree are two of the best crypto exchanges available in Australia. In today’s article we’ll compare the two of them head to head so you can figure out which one is right for you.
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| Rating | 
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| Cheaper Fees | ||
| Payment Methods | ||
| Direct Deposit | ||
| PayPal | ||
| Pay ID | ||
| Poli | ||
| Features | ||
| Beginner Friendly | ||
| Mobile App | ||
| Cold Storage | ||
| 2-Factor | ||
| Currencies Accepted | AUD | AUD |
Swyftx
Pros
- Call feature for beginners
- Lower transaction fee
- Lower spreads
Cons
- Automatic conversion from AUD to USD
Australian-based Swyftx is a cryptocurrency trading and exchange platform that was founded in 2017. With 260+ cryptocurrencies available on their site, it’s one of the top exchanges in Australia.
Coin Companion offer: Free $10 to trade with in Swyftx when you register through the link below.
Cointree
Pros
- Quick registration and limited
- has a large selection of cryptocurrencies.
Cons
- No mobile app
Cointree, a cryptocurrency platform based in Australia has been operating since 2013. The company offers exchange services for Bitcoin (BTC), Ethereum(ETH) and many other digital currencies to its customers across America making it one of this country’s most trusted exchanges today!
Fees
Every time you buy, sell, deposit and withdraw, each exchange will charge certain fees. Here’s a comparison of the fees between Swyftx VS Cointree.
First you’ll need to deposit your money on the exchange in AUD. Swyftx takes a cut of 0 and Cointree charges a 0 for deposits.
Every time you buy crypto, Swyftx charges a fee of 0.60% and Cointree charges 0.90%.
When you go to sell your Bitcoin or Crypto Swyftx charges 0.60% and Cointree takes a 0.90% cut.
After depositing, buying, selling and withdrawing, Swyftx is the better option because it’s cheaper.
Deposit Methods
Swyftx offers 6 main methods to deposit AUD. They are bank transfers, BPay, PoLi, PayID, credit and debit cards.. The daily limit is 0 per day which most people shouldn’t be concerned about hitting as it’s more than enough for the average user!
Cointree allows you transfer funds through their supported payment options which are bank transfers, BPay, PoLi, PayID, credit and debit cards..
Cointree’s daily deposit limit is AU$20.
The bottom line is, Swyftx is the best choice as they have more deposit methods available which makes it easier to transfer funds.
Security Features
Swyftx is well known for their security measures. They use the following methods:
using JWT tokens & session expiry
offering 2FA account protection
checking for breached passwords on other websites
Cointree also takes the security of their customers seriously. Here is what they do to protect your assets:
Two factor authentication
Adding extra protection with YubiKey (U2F)
Identifying and Avoiding Scams
While both exchanges are secure, it appears that Swyftx has better security over Cointree.
Mobile App
Swyftx has a great, user-friendly mobile app which has a user rating of 4.6 on the Apple app store.
While Cointree does not have an app, it’s website is accessible through a mobile browser.
In terms of user experience and convenience on the go, Swyftx is your best bet.
Final Verdict
Either exchange is a great choice with a great service but Swyftx comes out on top for me.
Sign up now using the links below:
Swyftx
Coin Companion offer: Free $10 to trade with in Swyftx when you register through the link below.
Cointree