SwyftX vs Binance: Which is the Best Exchange? (2021)

In this review, we compare Binance vs SwyftX to determine which exchange is the best for crypto traders in Australia.
SwyftX vs Binance: Which is the Best Exchange? (2021)

Lachlan Adams

Asia/Oceania Editor at Buy Bitcoin Finder
SwyftX vs Binance: Which is the Best Exchange? (2021)

SwyftX vs Binance Review

In this SwyftX vs Binance comparison, I am going to review the two most popular cryptocurrency exchanges in Australia side by side.

You will learn which exchange is the safest, has the lowest fees and more to make an informed decision before you start investing.

Comparison Overview

The table below is a quick overview of the key aspects and features of each exchange.

Binance SwyftX
Total Fees 0.1 - 0.2% 0.6%
Cryptos Available Bitcoin, Ethereum, Binance Coin + 250 others Bitcoin, Ethereum Polkadot + 200 others
Year Founded 2016 2017
Headquarters Global Headquarters ("Decentralized") Brisbane Australia
Deposit Options Bank Transfer, Debit Card or Credit Card Bank Transfer, Credit or Debit Card, PayID/Osko and SWIFT
Beginner Friendly Image Image
iOS/Android App Image Image
Device Platforms Web, iOS, Android Web, iOS, Android
Customer Support Very Slow Very Fast
Promotion None Sign up and get $10 Free
Summary Good exchange for advanced traders, but confusing for newbies. Binance has a lot of regulatory uncertainty, so it is not very secure. Trusted and easy to use cryptocurrency exchange based in Australia. Although fees are higher than Binance, it is preferred for security.

The Verdict

SwyftX is a homegrown exchange based in Brisbane Australia, which means it is subject to less regulatory risk when compared to Binance. The Binance exchange has been banned in other Commonwealth countries like Canada, so there is a risk it gets banned in Australia too.

With that said, we recommend an Australian exchange like SwyftX over Binance. If you register via this link, SwyftX will give you $10 free to get started.

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