Swyftx vs Bybit

Swyftx vs Bybit Comparison Table 2023
Swyftx Review 2023	Bybit Review 2023
Review 2.6 Swyftx is #31 in our crypto broker rankings.	Review 3.1
Traders from US accepted	Traders from US not accepted See available crypto brokers
Swyftx is an Australian cryptocurrency exchange offering 330+ products, with an impressive $27+ billion in trading volume. The brand is trusted by 600,000+ customers thanks to its competitive fee structure, ISO 27001 security protection and feature-rich trading app.	Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018.
Bonus Offer
	Up To 4030 USDT Welcome Bonus
Comment by Reviewer
"Swyftx will appeal to new crypto traders looking to buy, sell, trade and lend popular tokens like Bitcoin. With Australian roots and support for AUD, it will serve Aussie traders particularly well."	"Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives."
Pros
Over 300 cryptocurrencies available, including popular coins like Bitcoin and Ethereum, as well as other altcoins User-friendly mobile platform with real-time performance tracking, demo mode and a fully customizable dashboard Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider Several fiat funding methods accepted in AUD or NZD with no deposit charges An option to set recurring deposits for automated cryptocurrency investments ISO 27001 certification, 2FA/biometric logins and cold storage solutions Transparent fee structure with spreads as low as 0.41% You do not need to upload documents or photos	Dual price mechanism reducing unfair liquidations Increased profit potential with leverage up to 1:100 24/7 customer help from a multilingual service team No limits on trades and withdrawals on any account Best-in-class market depth, minimum price impact trade execution Industry-leading cold wallet strengthens security and improves the safety of funds A useful risk management tool protecting retail traders against unfavorable price fluctuations 100,000 TPS per contract which results in no overloads with an ultra-fast matching engine that is 10x the industry average Retail clients can easily swap between supported coins within accounts, take profit and stop loss, strategy alerts, and adjust orders
Cons
Poor exchange rates may impact your deposits negatively if you don't transfer in AUD or NZD Swyftx is currently only available to customers in Australia and New Zealand You need to have a call with an operator to be able to withdraw your funds Swyftx does not allow users to deposit or withdraw money using PayPal Live chat response times are slower than many alternatives	Bybit is not currently regulated in any country Residents of some countries are restricted from opening an account, including clients from the US
Instruments
Crypto	Cryptos, Futures
Demo Account
Yes	Yes
Minimum Deposit
$30	$0
Trading Platforms
Own	MT4 TradingView
Payment Methods
Bitcoin Payments PayID	Bitcoin Payments Credit Card Ethereum Payments Mastercard Visa Wire Transfer
Minimum Trade
$1	0.001 Lots
Regulator
AUSTRAC
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	Yes
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
Auto Trading
	Via 3rd party software
Copy Trading
No	Yes
Copy Trading Platform
	Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge.
Social Trading
No	No
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	No
Account Currencies
	EUR GBP TRY RUB
Cryptocurrency
Access a decent line-up of 330+ cryptocurrencies with low fees. Invest in popular token like Bitcoin, Ethereum, Tether and Ripple which can be bought, sold, transferred or stored on the broker's proprietary desktop and mobile platforms.	Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options.
Spread
Variable	Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1%
Coins
ZRX 1INCH AAVE ACM ADX ELF AERGO DLT AION AST AKRO ALGO TLM ALPHA AMB FORTH ANKR APPC ANT ARDR ARK ARPA ASR AUDIO REP AUTO AVAX AXS BADGER BAL BNT BAND BAT BEL BNB BUSD BTC BCH BCD BTG BTS BTT CDT BLZ AUCTION BRD BTCST BZRX ADA CTSI CELR CELO CTK LINK CHZ CHR CND CVC COCOS COMP CFX COS CTXC ATOM COTI CRV DASH MANA DCR DEGO DENT YFII DIA DGB DNT DODO DOGE DREP DUSK EPS EGLD ENJ EOS ETH ETC ERN EVX FTM BAR FET FIO FLM FLOW FOR FRONT FTT FUN GVT GTO GTC GO GLM GRS GXS HARD ONE HBAR HNT HIVE HOT ZEN ICX IDEX RLC INJ ICP IOST IOTA IOTX IRIS JST JUV KAVA KEEP KMD KSM KNC LINA LSK LTC LIT LPT LOOM LRC LTO MFT MKR OM MASK MDX MDT MTL MIR MITH MDA MTH MBL ALICE NANO NAV NEAR NEBL NAS XEM NEO GAS CKB NBS NXS NKN NU NULS NMR ROSE OAX OCEAN OMG ONT ONG OXT OGN ORN CAKE PSG PAXG PAX PERL PERP PHA PNT POA DOT POLS MATIC POLY PPT POWR PUNDIX QLC QTUM QNT QSP QKC QUICK RDN RAMP RVN REEF REN REQ RSR XRP RIF SCRT KEY SRM SHIB SC AGIX SKL SKY SOL SNM STX FIS STPT SNT STEEM XLM STORJ STMX DATA SUN SUPER SUSHI SXP SNX SYS WABI TRB LUNA TVK XTC GRT SAND THETA TFUEL RUNE TCT TOMO TORN AVA TRX TROY TRU TUSD TWT UMA UNFI UNI USDC USDT UTK VET XVS XVG VTHO VIA VIB VIDT VITE VGX WTC WAN WAVES WRX WPR WING WIN WBTC WNXM YFI YOYO ZEC ZIL	BTC ETH EOS XRP USDT BCH LINK XTZU LUNA SRM TRX RUNE THETA STRM YFI WAVES DXPX ENS USDC ADA BEL BIC REN MKR LING CN98 CAKE CAPS BUSD BTT CBX CELO BTG BUSD KLAY BNB DOT AGLA AGLD LING DOME FIU FLOKI FITFI HOT ALGO FCD APEX AXS BAT ANKR BNT BOBA ALGO FIDA FL UNI AAVE SUSHI XEM APE ATOM AVAX DOGE ETC FTM LTC MATIC SAND SWEAT DLC AXS CHZ OP OKSE ZEN ZIL ZRX ACH ACM DYDX ELT FTT HERO NEXO MKR QMALL QNT REAL TRIBE INTER FAME REN ENS ELT ELJ DICE DRIV FLOKI FLOW GENE GMX IME KRL KOK NFT LWF KMON KASTA ICX CRAFT CWAR CTC CULT DEFY DFI DICE DRIV GSTS JST GODS IZI JASMY ERTHA COMP
Crypto Lending
Yes	Yes
Crypto Mining
No	Yes
Crypto Staking
No	Yes
Auto Market Maker
No	No

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