Swyftx vs Ftx: Which One [2021]

Swyftx and Ftx are two of the best crypto exchanges available in Australia. In today’s post, we’ve done a side by side comparison so you can figure out which one is right for you.

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Rating
Cheaper Fees
Payment Methods
Direct Deposit
PayPal
Pay ID
Poli
Features
Beginner Friendly
Mobile App
Cold Storage
2-Factor
Currencies Accepted AUD USD, EUR, GBP, AUD, HKD, CAD

Swyftx

Pros

  • Call feature for beginners
  • Lower transaction fee
  • Lower spreads

Cons

  • Automatic conversion from AUD to USD

Swyftx is a Australian cryptocurrency trading and exchange platform. It was conceived in 2017. The company has gained popularity amongst its users due to their commitment towards security as well as ease-of use features that are available on all platforms including mobile apps for Android or iOS devices so you can trade anytime anywhere.

Coin Companion offer: Free $10 to trade with in Swyftx when you register through the link below.

Sign Up Here

Ftx

Pros

  • Wide range of trading products, including unique ones
  • Low trading fees
  • no withdrawal/deposit charges

Cons

  • No demo account is available

Ftx is one of the most trusted cryptocurrency exchanges in US, The Bahamas, Antigua and Barbuda. They offer over 900 different currencies, including Bitcoin and Ethereum. Ftx was founded in 2017.

Sign Up Here

Fees

The first thing you should consider when comparing these two exchanges are their fees, so let’s explore that in more detail here:

First you’ll need to deposit your money on the exchange in AUD. Swyftx takes a cut of 0 and Ftx charges a 0 for deposits.

When it comes to buy fees Swyftx charge 0.60% and Ftx charges 0.

When you go to sell your Bitcoin or Crypto Swyftx charges 0.60% and Ftx takes a 0.07% cut.

After depositing, buying, selling and withdrawing, Swyftx is the best option.

Deposit Methods

There’s a few options when it comes to transferring money into Swyftx. They offer 6 main methods: Bank transfer, Paypal, Visa and Mastercard credit and debit cards, PayID, Poli, Silvergate SEN; but the most important thing is what kinds of currencies you want deposited in your account. Swyftx allow AUD as deposits.

The daily limit for transfers on Swyftx are 0 per day (most people won’t need that much).

Ftx offers deposit options that include Bank transfer, Paypal, Visa and Mastercard credit and debit cards, PayID, Poli, Silvergate SEN. Their daily deposit limit is no minimum deposit.

We think 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

Ftx also takes the security of their customers seriously. Here is what they do to protect your assets:

Personal Account Security

Additional Security Features

Exchange Security

While both exchanges are secure, it appears that Swyftx has better security over Ftx.

Mobile App

If you’re looking for the best way to buy and sell crypto on your phone, Swyftx is unbeatable. It has a user rating of 4.6 on the Apple store which means it should be easy enough even if you’re new to crypto.

Ftx has a user rating of 4.6 and can still be accessed through your normal browser.

Swyftx is our favourite for mobile trading.

Final Verdict

Both exchanges have great service but if I’d had to pick one overall it would be Swyftx.

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.

Sign Up Here

Ftx

Sign Up Here

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