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Digital Surge vs SwyftX

Digital Surge vs SwyftX

Dylan Matthews
Fact Checked
September 27, 2022

Summary: Our team has found that SwyftX is the better overall exchange in Australia compared to Digital Surge. These findings are based on the fact that they offer more cryptocurrency pairs, stakeable coins and a better overall user experience.

One main advantage of Digital Surge over SwyftX is that their fees are cheaper at 0.5% compared to 0.6%. If you are price sensitive, then Digital Surge may be your preferred venue.

Table of Contents

SwyftX vs Digital Surge Winner

Platform Highlights

  • Relatively low fees at 0.6% per trade and tight price spreads.
  • Over 350 different cryptocurrencies on the SwyftX platform.
  • Crypto Staking, Crypto Bundles (ETFs), SMSF support & more.
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Comparison Overview

When it comes to choosing a cryptocurrency exchange in Australia, there are many options available. Two of the most popular exchanges are SwyftX and Digital Surge. In this article, we will compare these two exchanges in terms of trading fees, deposit and withdrawal fees, available cryptocurrencies, regulation and safety, and cryptocurrency staking options.

Image Image
Available Cryptocurrencies 350+ 350+
Trading Fees 0.5% per Instant Swap 0.6% per Instant Swap
Daily Deposit Limits $100,000 AUD, or higher for High-Net Worth OTC Investors $100,000 AUD, or higher for High-Net Worth OTC Investors
Deposit Methods Bank Transfer, PayID or Osko Bank Transfer, PayID or Osko, PayPal, Credit Card or Debit Card
iOS/Mobile Support Image Image
Cryptocurrency Staking Image Image
Customer Support Image Image
User Interface Image Image
Website digitalsurge.com.au swyftx.com


Trading Fees

SwyftX charges a flat trading fee of 0.60%. This is higher than the industry average of 0.50%, but not excessively so. Digital Surge is slightly cheaper than Digital Surge with instant swap fees at 0.5% per trade.

Digital Surge is the cheapest instant swap exchange in Australia when compared to SwyftX and other major competitors like CoinSpot who are 1% per trade.

Available Cryptocurrencies

Both SwyftX and Digital Surge offer over 350 different cryptocurrencies to be swapped instantly with Australian Dollars (AUD). The platforms offer pretty much the exact same cryptocurrencies, which covers all of the majors and blue chip tokens, NFT tokens, Metaverse tokens, GameFi tokens and much more.

Digital Surge vs SwyftX Cryptos
List of available tokens on the Digital Surge platform.

Deposit and Withdrawal Fees

SwyftX does not charge any deposit fees. However, the platform charges a 1% withdrawal fee for most cryptocurrencies.

Digital Surge also does not charge any deposit fees. For withdrawals, the platform charges a 0.0005 BTC fee for Bitcoin and a 0.01 ETH fee for Ethereum. Overall, SwyftX is slightly cheaper when it comes to withdrawal fees.


Regulation and Safety

SwyftX is a regulated exchange in Australia. The platform follows all of the relevant regulations under ASIC and AUSTRAC as the two overseeing bodies.

Digital Surge is also a regulated exchange in Australia. The platform has never been hacked and offers a high level of security. Overall, both exchanges are safe and regulated.


Cryptocurrency Staking Options

SwyftX offers staking for several different cryptocurrencies, including Ethereum, Tezos, Cosmos, and Algorand. This allows users to earn rewards for holding their coins on the platform.

Digital Surge does not offer any staking options at this time.

The SwyftX staking platform.

Mobile Applications

SwyftX offers a mobile app for both Android and iOS. The app is well-designed and easy to use. Digital Surge also offers a mobile app for Android and iOS. The app is well-designed and easy to use. However, it does not offer as many features as the SwyftX app.


The Bottom Line

In conclusion, SwyftX and Digital Surge are both excellent exchanges in Australia. SwyftX has a wider selection of cryptocurrencies, while Digital Surge offers cheaper trading fees. SwyftX offers staking options for several different cryptocurrencies, while Digital Surge does not offer any staking options at this time. Both exchanges offer mobile apps that are wellBoth SwyftX and Digital Surge offer mobile apps for iOS and Android devices

For a more complete experience, we would ultimately recommend SwyftX by a very slight margin.

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Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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