Is CoinSpot or Swyftx cheaper?

CoinSpot is cheaper if you use market orders (0.1% fee). Swyftx charges a flat 0.6%. CoinSpot instant buy is 1%, which is more expensive than Swyftx.

Is CoinSpot safe to use in Australia?

Yes. CoinSpot is AUSTRAC-registered, ISO 27001 certified, and has been operating since 2013 without a security breach.

Does Swyftx have a demo mode?

Yes. Swyftx offers a demo mode where you can practise trading with fake money — useful for beginners learning how crypto trading works.

CoinSpot vs Swyftx 2026: Which Crypto Exchange Is Better?

CoinSpot vs Swyftx — which crypto exchange is better for Australians in 2026? We compare fees, coins, security, features and user experience head-to-head.

CoinSpot and Swyftx are Australia's two most popular crypto exchanges. Both are AUSTRAC-registered, both accept AUD, and both have slick mobile apps. So which one should you use? We compare them head-to-head.

Head-to-Head Comparison

Feature	CoinSpot	Swyftx
Trading Fee	0.1% market / 1% instant	0.6%
Coins Available	420+	350+
AUD Deposit	Free (PayID, POLi, cash)	Free (PayID, bank transfer)
Withdrawal Fee	Network fee only	Network fee only
Mobile App	iOS & Android ✅	iOS & Android ✅
Demo Mode	❌	✅ (practise with fake money)
Recurring Buys	✅	✅
Staking	✅ (limited coins)	❌
SMSF Support	✅	✅
Security	ISO 27001 certified	SOC 2 compliant
Founded	2013 (Melbourne)	2019 (Brisbane)

Fees: CoinSpot Wins (If You Know the Trick)

CoinSpot's headline fee is 1% for instant buy/sell — that's expensive. But their market order feature charges just 0.1%, which is 6x cheaper than Swyftx's flat 0.6%. Most users don't realise CoinSpot has a separate trading section with much lower fees.

On $10,000 traded:

CoinSpot instant: $100
Swyftx: $60
CoinSpot market: $10

Winner: CoinSpot (market orders) by a mile. Swyftx wins if you only use instant buy.

Coin Selection: CoinSpot Wins

CoinSpot offers 420+ coins vs Swyftx's 350+. If you're after obscure altcoins, CoinSpot is more likely to have them. For Bitcoin, Ethereum, and the top 100 — both have you covered.

User Experience: Swyftx Wins

Swyftx's interface is cleaner and more modern. The demo mode is genuinely useful for beginners — you can practise trading with fake money before risking real AUD. Their portfolio tracking and price alerts are also more polished.

Security: Tie

CoinSpot has ISO 27001 certification (international security standard). Swyftx has SOC 2 compliance. Both use 2FA, cold storage for the majority of funds, and are AUSTRAC-registered. Neither has been hacked.

Tax Reporting

Both integrate with crypto tax tools like Koinly and CryptoTaxCalculator. Swyftx has a slight edge with built-in tax reporting features, but CoinSpot's CSV exports work fine with third-party tools.