Once approval is obtained, funds can be deposited and cryptocurrencies such as Bitcoin can be purchased as long-term stores of value. / 5. Ultimately, you can cash out up to AUD 100,000 per day, which is much higher than international exchanges like Binance ($8,500) and Coinbase ($3,000) and the majority of Australian crypto exchanges like Digital Surge ($10,000) and CoinJar . To start the verification process, navigate to the sidebar on the left and click "Profile" then under your name go to "Verification". The exchange has a mobile app and desktop platform, each emphasising a user-friendly design. Swyftx was the winner in the Finder Crypto Trading Customer Satisfaction Awards 2022, with a huge 88% of its customers recommending it to a friend. Once final confirmation is received, Swyftx customers' exchange cap increases to $100,000. Winner - Binance. Swyftx runs an affiliate program offering 30% commission on every trade made by participants' referrals. Competitive trading fee of 0.6%. Find the safest and easiest way to bridge assets from BNB Chain to Arbitrum using a trusted cross-chain DEX. A full list of the supported assets can be viewed on the platform which shows the spread, market cap, 24-hour volume, and change percentage. Selecting the country youre in will give you local offers and Make sure you're across Australian crypto tax requirements before you get started. The daily withdrawal and deposit limit for accounts on Swyftx is AUD 20,000. Trade over 260 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin. By comparison, some Australian competitors charge spreads of up to 4%. Login to Swyftx Navigate to Profile Tab in left hand menu Click About > General > Tax Report > Download 1. It is important for all SMSF to understand the costs, risks, and regulatory nuances behind using super funds to invest in digital assets. Swyftx's platform has over310+ cryptocurrency coins, assets, tokens, and digital currencies., For instance, investors can buy Ethereum, XRP,Litecoin, Bitcoin Cash,Cardano,EOS, Stellar Lumens, NEO, Algorand, and Dogecoin. About 88% of feedback was rated as great or excellent, which is a slight decline from 96% since our last update. They seem to be good with just a 0.6% flat fee. Your experience on this site will be improved by allowing cookies. In Australia, a capital gains event may be triggered when crypto such as Bitcoin is sold for financial gain, traded, or converted back to cash. Low Fees and Small Spreads | Swyftx Cryptocurrency Exchange To get started buying and selling crypto on Swyftx, you'll need to create an account.