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.
Get $20 BTC
Get $20 BTC when you make your first deposit. T&Cs apply.
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
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
