It's fairly straightforward to withdraw Australian dollars and crypto using either the Swyftx, but you'll need to have added bank account details or verified a crypto wallet address in order to do so.
Like most crypto exchanges, Swyftx will charge a fee when you withdraw your crypto, and this fee will vary based on the crypto you are trying to withdraw.
How to withdraw AUD from Swytfx
You can withdraw Australian dollars directly to your bank account from the Swyftx website and app by following these steps:
On the Swytfx app
Tap "Withdraw" from the Dashboard and select Australian dollars
Select your bank account. If you haven't added a bank account, you'll need to do so first
Enter the amount you want to withdraw and the reason for withdrawal
Tap "Withdraw"
On the Swyftx website
Click "Withdraw" on the side menu
Select Australian dollars
Select your bank account. If you haven't added a bank account, you'll need to do this first
Enter the amount you want to withdraw and the reason for withdrawal
Click "Continue"
If your funds are held in US dollars you'll first need to convert them to AUD before you can withdraw them to your bank account.
Please note you'll only be able to withdraw money to your personal bank account and you'll need to have completed account verification in order to withdraw.
If you have an account on behalf of a self-managed super fund (SMSF), trust or company, you'll only be able to withdraw money to a bank account linked to that entity.
How long does it take to withdraw AUD from Swyftx?
If your bank uses Osko you should receive your AUD within minutes of submitting a withdrawal. Otherwise it may take up to 2 business days if you're using normal bank transfer.
Are there any limits on Swytfx AUD withdrawals?
You can withdraw up to $50,000 a day from Swytfx (including both crypto and cash). There's also a minimum $4 limit on every withdrawal.
Swytfx does not charge any fees for AUD withdrawals, but your bank may charge a separate fee.
How to withdraw crypto from Swyftx
Before you withdraw crypto from Swyftx, you'll need to add and verify the withdrawal address via email or SMS.
When entering your withdrawal address, always make sure that you're using the correct address, and that the address supports the token (and network) you're trying to withdraw.
On the Swytfx app
Tap "Withdraw" from the Dashboard and select the crypto you want to withdraw
Select your withdrawal address
Enter the amount you want to withdraw and the reason for withdrawal
Check the fees and withdrawal information
Tap "Send to this address". You'll then receive a confirmation SMS
Enter the SMS verification code to submit the withdrawal
On the Swyftx website
Click "Withdraw" on the side menu
Select the crypto you want to withdraw
Select your withdrawal address
Enter the amount you want to withdraw and the reason for withdrawal
Check the fees and withdrawal information
Tap "Continue". You'll then receive a confirmation SMS
Enter the SMS verification code to submit the withdrawal
How long does it take to withdraw crypto from Swyftx?
Withdrawal times will vary based on which token you are trying to withdraw and the network you are using. Some networks are much faster than others and the amount of congestion on each network changes all the time.
If your withdrawal transaction is stuck at "pending" for an extended period of time, it might be worth reaching out to Swytfx directly.
How much does it cost to withdraw crypto from Swyftx?
The fee you pay to withdraw crypto from Swyftx will also vary based on which coin you want to withdraw, as well as the network you use to withdraw.
For example, Swyftx charges up to a 0.0001 BTC fee on Bitcoin withdrawals, up to a 0.0015 ETH fee for Ethereum withdrawals and up to a 0.01 SOL fee for Solana withdrawals.
However, it is possible to reduce your fees by choosing an alternative network for your withdrawal, such as a layer-2 network like Base or Optimism when withdrawing Ethereum.
Please make sure you double check that the recipient address can receive transactions on that network before submitting your withdrawal.
Where can I withdraw my crypto to?
You should be able to withdraw your crypto to any valid wallet address, including:
Another crypto exchange. Some exchanges even offer bonuses when you deposit crypto or open an account.
Please make sure that the wallet address you're sending your crypto to supports the coin and network you're trying to send. If not, you may lose your funds.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Tom Stelzer is a publisher and writer for Finder, covering investing and cryptocurrency.
He previously worked for Finder as a writer in Australia and the UK, covering things like personal finance, loans, investing, insurance as well as small business and business loans.
He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
In this guide we take a look at some of the greenest cryptocurrencies and alternatives to Bitcoin, and explain how they work and where you can buy them.
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