Swyftx vs Kraken

Swyftx vs Kraken Comparison Table 2024
Swyftx Kraken
2.6

Swyftx is #30 in our crypto broker rankings.

3.9

Kraken is #24 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.

Bonus Offer
Lower fees when trading volume exceeds $50,000 in 30 days
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." "Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
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
  • Very good security track record with no hacks in a decade since launch
  • Excellent range of 220+ more established cryptocurrencies
  • NFT marketplace and crypto staking available
  • Great trading platform and mobile app
  • Low exchange fees on Kraken Pro
  • 50x leverage on futures trading
  • Low minimum deposit of $10
  • 3D secure required
  • Mobile investing
  • Crypto staking
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
  • Slow verification process on Pro account
  • Does not support many newer altcoins
  • Low leverage on spot trading
  • Does not accept fiat deposits
  • Slow verification times
Instruments
Cryptos Cryptos
Demo Account
Yes Yes
Minimum Deposit
$30 $10
Trading Platforms
  • Own
  • AlgoTrader
Payment Methods
Minimum Trade
$1 Variable
Regulator
AUSTRAC FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Margin Trading
No Yes
STP Account
No No
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 No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes
Auto Trading
Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
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. Kraken is a specialized crypto exchange and supports more than 220 cryptocurrencies. These include all of the established tokens like Bitcoin as well as some altcoins. Traders can make trades on spot crypto markets with up to 1:5 leverage or on futures with up to 1:50. Fees are low and the platform is super easy to pick up.
Spread
Variable 0-0.26% average
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
  • AAVE
  • ALGO
  • ANT
  • REP
  • REPV2
  • BAT
  • BAL
  • XBT
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • CRV
  • DAI
  • DASH
  • MANA
  • XDG
  • EWT
  • EOS
  • ETH
  • ETC
  • FIL
  • FLOW
  • GNO
  • ICX
  • KAVA
  • KEEP
  • KSM
  • KNC
  • LSK
  • LTC
  • MLN
  • XMR
  • NANO
  • OCEAN
  • OMG
  • OXT
  • PAXG
  • DOT
  • QTUM
  • XRP
  • SC
  • XLM
  • STORJ
  • SNX
  • TBTC
  • USDT
  • XTZ
  • GRT
  • TRX
  • UNI
  • USDC
  • WAVES
  • YFI
  • ZEC
  • BNB
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
More Comparisons
Swyftx
vs
Kraken
vs