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:
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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