Spread is the difference in price between the buy and sell prices of a tradable asset and in most cases can exceed the advertised “trade fee”. Australian banks charge up to 11% spreads when converting AUD to foreign currency, yet still advertise zero currency conversion fees.
Not considering spreads can take unexpected chunks out of your profits or even increase your losses in the ways of hidden fees. The trading algorithms that work behind the scenes on Swyftx are optimised for increasing liquidity with trade volume and decreasing spreads, boasting, on average, the lowest spreads of any Australian platform. For example, our spreads for Bitcoin are as low as 0.45%.
Buy, Sell and Trade many more Coins, Assets, Tokens and Digital Currencies with Swyftx, the most progressive Australian Crypto Exchange!
Last Updated as of the 8th of July 2021. This table is updated monthly to ensure the information is accurate and up-to-date. To view how we gathered this data, please click here. If you believe this information is incorrect or have an amendment please contact compare [at] swyftx.com.au
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BTC Markets | Independant Reserve | CoinSpot | Binance | CoinBase | CoinJar | |
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| Headquartered | Australia | Australia | Australia | Australia | Asia | US | Australia |
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| Max Trading Fees | 0.6% | 0.85% | 0.50% | 1% | 0.10% | 3.99% | 0.2% |
| Verified Daily Deposit Limit | $100k | $10k | $20k | $100k | $100k | $3k | $50k |
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| Crypto Assets | 271 | 18 | 24 | 288 | 261 | 50 | 24 |
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| TrustPilot Score |
2176 Reviews – 4.8
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57 Reviews – 2.7
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203 Reviews – 3.8
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987 Reviews – 4.6
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1703 Reviews – 2.1
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4510 Reviews – 1.7
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1569 Reviews – 3.4
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Buy, Sell and Trade many more Coins, Assets, Tokens and Digital Currencies with Swyftx, the most progressive Australian Crypto Exchange!
Take advantage of our low fees, low spreads, low prices, and feature-packed app to unlock your trading & investing potential today.
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