Exchange Review

Crypto.com vs SwyftX

Quick-Take: SwyftX is the better to use for Australian investors than Crypto.com due to their low fees, local support and high staking returns.

Verified Author

Crypto.com vs SwyftX: Which is the better cryptocurrency investing platform? Both exchanges are highly reputable in the crypto space and have been around for a combined 15 years. In this article we will compare the two platforms and touch on fees, security, features, functionality, supported cryptocurrencies and deposit methods.

Exchanges
CoinSpot vs Crypto.comCrypto.com and CoinSpot
Cryptos Available
350+
80+
Trading Fees
0.1% - 1%
0.5%
Crypto Staking
NFT Marketplace
24/7 Local Support
Overall Best

Table of Contents

Crypto.com vs SwyftX: Fees

Technically Crypto.com does not charge trading fees, however, they cover the loss of fees by having wide spreads. In the end, you end up spending 0.6% more overall if you use Crypto.com over SwyftX. Both SwyftX and Crypto.com have free deposit and withdrawal methods available for their Australian investors.

Winner: SwyftX wins this category due to their competitively low instant buy fee of just 0.6%.

Crypto.com vs SwyftX: Assets

Crypto.com was the first cryptocurrency exchange in the world to be awarded the ISO/IEC 27701:2019 certification. SwyftX is yet to obtain their certification and for this reason Crypto.com is more secure than SwyftX. Both cryptocurrency investing platforms are regulated under AUSTRAC and fulfil all of the relevant financial reporting to combat money laundering.

Winner: Crypto.com wins this category as they have high security measures in place to ensure users funds are safe on (technically off as they store 100% of users funds in cold storage) their platform.

Crypto.com vs SwyftX: Supported Assets

Crypto.com has one of the largest selection of cryptocurrencies available on any cryptocurrency investing platform worldwide. They have an astounding 554 tokens available to invest in. SwyftX falls short by 200, offering their users 313 tokens to choose from.

Winner: Crypto.com again takes the win for this category offering their users over 550 tokens to trade, buy and sell.

Crypto.com vs SwyftX: Deposit Methods

SwyftX currently supports Bank Transfer/Osko, POLi  & PayID with zero deposit fees. Crypto.com also supports free deposit methods but only for Bank Transfer and BPAY. They charge their users a high 3.5% fee when depositing via credit or debit card.

Winner: SwyftX wins this category by having a variety of free deposit methods for their Australian investors.

Features & Functionality

We have highlighted the best features that SwyftX and Crypto.com have below:

SWYFTX
  1. They have a free Crypto Tax Calculator for users to estimate how much CGT they may need to pay on their crypto assets
  2. They offer a simple SMSF onboarding for Australian investors
  3. Instant Verification so users can trade immediately upon signing up
  4. Staking with high APY (Annual Percentage Yield)
  5. Bundles (similar to ETFs) available on multiple cryptos
  6. SwyftX Shop - buy ledgers directly on their website
  7. 24/7 Live Support customer service

CRYPTO.COM
  1. Staking (Crypto.com Earn) available on 46 different cryptos
  2. Crypto.com Loans - apply for a loan directly through the exchange
  3. Crypto.com VISA card, earn 1% cash back
  4. 24/7 Live Support customer service

Winner: SwyftX wins this category, because they have a lot of useful features available for their Australian traders.

Final Verdict

Based off who won the most categories, SwyftX takes the trophy. We recommend using SwyftX overall due to the low fees and many features available on their exchange. We still recommend using Crypto.com as it's has a large selection of cryptocurrencies to invest in and has high security measures in place to protect against cyber attacks.

To learn and read more reviews on these exchanges, please click or Crypto.com or SwyftX.

Frequently Asked Questions

Is SwyftX better than Crypto.com?

Yes SwyftX is a better exchange than Crypto.com because they offer local support, lower fees and a wider selection of digital assets?

Can I transfer between SwyftX and Crypto.com wallets?

Yes you can transfer all available assets between both exchange wallets. Simply withdraw your tokens from one wallet to the equivalent wallet on the other exchange's deposit address.

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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