CoinSpot vs. Swyftx: Top Australian Crypto Exchange?

The CoinSpot vs. Swyftx debate is central for Australian cryptocurrency investors deciding between two leading exchanges. CoinSpot, established in 2013, is Australia’s largest and most trusted platform, serving over 3 million users with 530+ cryptocurrencies and robust security. Swyftx, launched in 2018, has rapidly grown to 800,000+ users, offering 447+ coins, low fees, and a beginner-friendly demo mode. Both are AUSTRAC-registered, ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. This SEO-optimized article compares CoinSpot vs. Swyftx across fees, security, coin selection, features, and user experience, helping you choose the best platform for trading assets like Amp or Pi Network in 2025.

Overview of CoinSpot and Swyftx

In the CoinSpot vs. Swyftx comparison, CoinSpot stands out as a Melbourne-based veteran with a decade-long track record. It offers 530+ cryptocurrencies, an NFT marketplace, a crypto Mastercard, and ISO 27001 certification, earning a 4.3/5 Trustpilot rating from 8,888 reviews. Its user-friendly interface and 24/7 support cater to beginners and seasoned traders alike.

Swyftx, based in Brisbane, is newer but highly competitive, serving Australia and New Zealand with 447+ coins. Its demo mode, advanced TradingView charts, and educational tools make it ideal for novices, boasting a 4.5/5 Trustpilot rating from 30,000+ reviews. The CoinSpot vs. Swyftx matchup highlights their strengths: CoinSpot’s extensive coin selection versus Swyftx’s cost efficiency and usability.

Fees: CoinSpot vs. Swyftx

Fees are a key differentiator in CoinSpot vs. Swyftx:

CoinSpot:

• Trading Fees: 0.1% for market/OTC trades on 15 major coins (e.g., BTC, ETH, XRP); 1% for instant buy/sell on 515+ coins.
• Deposit Fees: Free for PayID, POLi, and direct deposits; 0.9% for BPAY; 2.5% for cash deposits at newsagents.
• Withdrawal Fees: Free AUD withdrawals to Australian banks; crypto withdrawal fees vary (e.g., 0.0005 BTC).
• Spreads: Average 2.13%, higher than Swyftx, increasing costs for instant trades.

Swyftx:

• Trading Fees: Flat 0.6% across all coins, reducible to 0.1% for high-volume traders ($6M+ in 30 days).
• Deposit Fees: Free for PayID, bank transfers, and OSKO; 1.895% for credit/debit card via Stripe.
• Withdrawal Fees: Free AUD withdrawals; crypto fees vary.
• Spreads: Tighter at 1.11%, making frequent trades more cost-effective.

Winner: Swyftx, for lower instant trading fees (0.6% vs. 1%) and tighter spreads, though CoinSpot’s 0.1% market fees suit major coin traders.

Security: CoinSpot vs. Swyftx

Security is a critical factor in CoinSpot vs. Swyftx:

CoinSpot:

• ISO 27001 certified, a gold standard for data security.
• Uses cold storage, two-factor authentication (2FA), biometric security, and customizable withdrawal restrictions.
• No hacks since 2013, earning a reputation as Australia’s safest exchange.
• AUSTRAC-registered, fully compliant with AML/CTF laws.

Swyftx:

• Also ISO 27001 certified, with 2FA, encryption, cold storage, and regular penetration testing.
• Partners with TRM Labs for scam protection and publishes Proof of Funds audits.
• No reported hacks since 2018, though some X users report account bans or fund retrieval delays.
• AUSTRAC-registered, ensuring regulatory compliance.

Winner: CoinSpot, for its longer track record and zero hacks, though Swyftx’s security measures are highly competitive.

Cryptocurrency Selection

• CoinSpot: Offers 530+ cryptocurrencies, the largest in Australia, including major coins (BTC, ETH, ADA) and niche altcoins like Amp (AMP). It frequently adds new tokens based on user demand.
• Swyftx: Lists 447+ coins, covering popular assets but fewer altcoins than CoinSpot. Amp is not consistently listed, and Pi Network is absent on both.

Winner: CoinSpot, for its broader selection, ideal for traders seeking diverse altcoins.

Deposit and Withdrawal Methods

CoinSpot:

• Deposits: PayID, POLi, BPAY, direct deposit, cash (newsagents), PayPal, and crypto. No credit/debit card support.
• Withdrawals: Free AUD withdrawals to Australian banks; crypto fees vary.
• Limits: $100,000 daily deposit limit; $1 minimum deposit.

Swyftx:

• Deposits: PayID, bank transfer, OSKO, credit/debit card (via Stripe), and crypto.
• Withdrawals: Free AUD withdrawals; crypto fees vary.
• Limits: $50,000 per transaction/day, extendable upon request.
• Winner: CoinSpot, for unique cash and PayPal options, though Swyftx’s card deposits add flexibility.

Features and Tools

CoinSpot:

• NFT Marketplace: Buy/sell NFTs with any supported crypto, simplifying purchases without external wallets.
• CoinSpot Mastercard: Virtual card for spending crypto online or in-store, auto-converting to AUD.
• Bundles: Pre-set or custom crypto bundles for diversification (e.g., DeFi, NFT portfolios).
• Staking: Supports 21 coins (paused in 2025 due to regulations).

Swyftx:

• Demo Mode: Practice trading with $10,000 virtual AUD, perfect for beginners.
• Learn & Earn: Free crypto for completing educational courses via CollectiveShift.
• TradingView Charts: Advanced charting for technical analysis, not natively available on CoinSpot.
• Recurring Buys: Automate investments for dollar-cost averaging.

Winner: Tie. CoinSpot’s NFT marketplace and Mastercard suit diverse needs, while Swyftx’s demo mode and charts benefit beginners and traders.

User Experience and Support

• CoinSpot: Simple interface, praised for ease of use (4.3/5 Trustpilot). 24/7 live chat, though some users report delays. KYC requires document uploads, slower than Swyftx.
• Swyftx: Customizable dashboard with dark mode and real-time tracking. Faster KYC (no selfie) and responsive 24/7 support (4.5/5 Trustpilot). Some users note app glitches or high spreads.

Winner: Swyftx, for faster KYC and support, though CoinSpot’s interface is equally intuitive.

Tax Compliance

• CoinSpot: Provides transaction history exports compatible with Koinly for ATO-compliant tax reporting.
• Swyftx: Offers a built-in tax calculator and CSV exports, simplifying capital gains and staking income reporting.

Winner: Swyftx, for its integrated tax tools, though CoinSpot’s exports are effective.

CoinSpot vs. Swyftx for Amp and Pi Network

• Amp (AMP): Available on CoinSpot’s 530+ coin list, ideal for trading this collateral token. Swyftx’s 447+ coins may not include Amp consistently.
• Pi Network: Post its February 20, 2025, open mainnet launch, Pi is listed on exchanges like OKX but not yet on CoinSpot or Swyftx. CoinSpot’s history of adding new coins suggests it may list Pi sooner.

Winner: CoinSpot, for Amp availability and potential to list Pi.

CoinSpot vs. Swyftx—Which Is Your 2025 Pick?

In the CoinSpot vs. Swyftx comparison, both exchanges shine for Australian crypto traders. CoinSpot excels with 530+ coins, an NFT marketplace, a Mastercard, and a flawless security record, making it ideal for altcoin enthusiasts and secure trading. Swyftx offers lower fees (0.6% vs. 1%), tighter spreads (1.11% vs. 2.13%), and beginner-friendly tools like demo mode, perfect for cost-conscious traders. For Amp, CoinSpot is the clear choice, while both may list Pi Network soon. Your decision hinges on priorities: CoinSpot for variety and security, Swyftx for affordability and usability. Which exchange will you choose to power your crypto trading in 2025?