How to withdraw from Swyftx

Step-by-step guides on withdrawing your AUD and crypto from Swyftx.

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Thomas Stelzer

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Key takeaways

  • You can withdraw AUD to your linked, verified bank account with no Swyftx fees (but your bank may charge fees).
  • Crypto withdrawals require adding and verifying your wallet address so double-check the network before sending to avoid losing funds.
  • Cash AUD withdrawals usually arrive within minutes via Osko, while crypto withdrawal times vary based on network congestion.

Withdrawing cash or crypto from Swyftx is straightforward once your bank account or crypto wallet is verified.

In this guide, we'll walk you through step-by-step instructions for withdrawing via the Swyftx app or website, explain how long transfers take, outline any fees or limits, and cover where you can send your crypto.

How to withdraw AUD from Swyftx

You can withdraw Australian dollars directly to your bank account from the Swyftx website and app by following these steps:

On the Swyftx app

  1. Tap "Withdraw" from the Dashboard and select Australian dollars
  2. Select your bank account. If you haven't added a bank account, you'll need to do so first
  3. Enter the amount you want to withdraw and the reason for withdrawal
  4. Tap "Withdraw"

On the Swyftx website

  1. Click "Withdraw" on the side menu
  2. Select Australian dollars
  3. Select your bank account. If you haven't added a bank account, you'll need to do this first
  4. Enter the amount you want to withdraw and the reason for withdrawal
  5. 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 Swyftx AUD withdrawals?

You can withdraw up to $50,000 a day from Swyftx (including both crypto and cash). There's also a minimum $4 limit on every withdrawal.

Swyftx 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 Swyftx app

  1. Tap "Withdraw" from the Dashboard and select the crypto you want to withdraw
  2. Select your withdrawal address
  3. Enter the amount you want to withdraw and the reason for withdrawal
  4. Check the fees and withdrawal information
  5. Tap "Send to this address". You'll then receive a confirmation SMS
  6. Enter the SMS verification code to submit the withdrawal

On the Swyftx website

  1. Click "Withdraw" on the side menu
  2. Select the crypto you want to withdraw
  3. Select your withdrawal address
  4. Enter the amount you want to withdraw and the reason for withdrawal
  5. Check the fees and withdrawal information
  6. Tap "Continue". You'll then receive a confirmation SMS
  7. 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 Swyftx 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 a different network fee for Bitcoin, Ethereum and Solana withdrawals, and shows you the fee to review before you confirm.

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.

How Sophie saved on withdrawal fees

Sophie, a Brisbane-based investor, regularly transfers her crypto from Swyftx to her self-custody wallet. At first, she withdrew Bitcoin using the standard Bitcoin network, but with network fees adding up on every transfer, she started looking for a cheaper option.

After learning that Swyftx also lets you withdraw Bitcoin on alternative networks like BNB Smart Chain, Sophie checked that her wallet supported that network and switched to this lower-cost option. The result? Her withdrawal fees dropped, and transactions cleared faster too.

By understanding how network fees vary across blockchains, Sophie cut her transfer costs. Keep in mind that Bitcoin sent on BNB Smart Chain arrives as a token pegged to bitcoin, not native bitcoin, so it can only be received by a wallet that supports that network.

Where can I withdraw my crypto to?

You should be able to withdraw your crypto to any valid wallet address, including: 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.

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Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio

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