The world of cryptos is growing day by day at a fast pace. Various crypto exchange platforms are available to make trading easier for crypto users. One such platform is Swyftx- the Australian cryptocurrency exchange.
It allows users to buy and sell cryptos like Ethereum, Bitcoin, and 300+ assets on their platform. The Swyftx review gives an idea about crypto in terms of market volatility, changing trends, and price updates. It makes Swyftx very much relevant for crypto traders to trade in real-time. Australia has remained active in trading Cryptocurrency. In Australia, Cryptocurrency is not a legal tender but is regulated by the financial services regulatory regime.
People in Australia use online sites to keep themselves updated on any news related to Cryptocurrency. These sites provide information such as the release of a new asset, price changes, exchange rates, etc.
Why Swyftx Is Still Relevant In 2022
The entire trading system on this platform is designed, from creating accounts to earning, deposits and withdrawals. It provides top-notch service to its users in terms of security and fees. Here are the primary reasons why Swyftx is relevant in 2022.
Low Trading Fees And Small spreads
On this platform, they charge only 0.6% for trading per asset. It is the minimal charge for crypto exchange. Other platforms are costly and can charge up to $1.
The low fees allow users to come and trade faster. There are no trading limits. The accepted currencies are AUD, USD BTC bases×320+ assets. The spread on this platform is as low as 0.41%.
Provide 2FA security
Regarding online trading, security is always a concern for many. One of the reasons why Cryptocurrency has not been declared a legal tender in Australia is security. It encourages two-factor authentication for its accounts.
After setting up the account, a time-sensitive code is shared with you through an authenticated app. With the help of this app, you can log in to your account with complete security.
AUD Deposits And Withdrawals
The Swyftx doesn’t charge for deposits paid through bank transfers and cards. The money reflects within 2-3 business days if the bank doesn’t use osko (payment platform); otherwise, 24 hrs is enough for transactions. The minimum limit is AUD 30.
Card deposits have a minimum deposit limit of AUD 75 and a maximum of AUD 10,000 daily. No charge for card deposits. The other two options are PayID and POLi. Additional verification is required to complete the transaction.
The Staking Service
The Swyftx allows staking the amount in your account without any limit on value or quantity. However, there is a limit on each cryptocurrency staking cap. If that cap has reached the limit, users can increase or unstake their currency.
According to Australia’s crypto tax regime, the rewards from staking have tax implications. There is no lock-up period for the stakes. One may mistake your assets when you feel like, subject to a staking cap.
Like banks, they provide you with interest in suitable cryptocurrencies in your Swyftx trading wallet. The Swyftx review has been optimistic about the same on crypto-related news sites all over Australia. According to a survey, around 28 percent of people owned Ripple and 27 per cent of Ethereum in Australia as of 2020. Australia will have a more substantial crypto market soon.
You can earn ample cryptocurrencies, like Ethereum, Bitcoin, Zilliqa, Axie Infinity, and the list goes on. To get the maximum benefit of the interest awarded, invest in eligible Cryptocurrency on Swyftx.
Other digital crypto exchanges in Australia are competent, but by far, Swyftx manages to leave behind each one of them. It has upgraded its features to meet the users’ requirements on its platform and comply with regulations.
It is secure and gives freedom to its users to trade more than 300 assets on a single site. They need not go anywhere for trading. It is a one-stop solution for all crypto-related trading facilities. It is the fastest, easiest, and safest way to trade cryptocurrencies in Australia.