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Deposit Australian dollars

Compare Australian dollar deposit times, deposit limits, deposit fees and verification requirements, and find how-to instructions for each method.

You can deposit Australian dollars into your Swyftx account by bank transfer, card, and PayID. 

Wise (formerly Transferwise) does not support transfers to cryptocurrency exchanges.

 

Deposit times

Your first AUD deposit can take up to 24 business hours to arrive due to banks' security measures.

Additionally, Commonwealth Bank (CBA) and its related brand, Bankwest, impose 24-hour holds on deposits to crypto trading platforms. This is the banks' internal procedure, regardless of whether you've deposited to our exchange before.

Banking business hours do apply. If, for example, you've made a deposit on a Friday or over the weekend, it's likely it will not arrive until the following Monday.

Bank transfer

Within a minute, if your bank uses Osko. 2-3 business days if your bank doesn’t use Osko.

Card

30-45 minutes.

PayID

Usually instant.

 

Deposit limits

Limits include both cash and crypto transactions.

Bank transfer

Min: $30 AUD 

Max: $50,000 AUD a day.

Card

Min: $91 AUD

Max: $15,000 AUD per transaction, $60,000 AUD per month.

PayID

Min: $30 AUD 

Max: $20,000 AUD

 

Deposit fees

For any deposit method, your financial institution may also charge a fee.

Bank transfer

$0

Card

Swyftx does not charge any fees for card deposits.

However, Banxa, our third-party payment provider, currently charges a 1.99% fee and up to 3.5% spread.

Your bank may also charge fees.

PayID

$0

 

Verification

We may ask you to complete further verification after depositing.

For card deposits, Banxa, our third-party payment provider, will ask you to verify your identity when you make your first deposit.

 

How to deposit Australian dollars

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