To withdraw any asset listed on Swyftx, you must first add and verify a withdrawal address.

You must confirm all new withdrawal addresses by email and/or SMS.

Always double-check addresses and networks before sending crypto. Any assets sent to an incorrect address are not recoverable.

How to withdraw crypto from Swyftx

• App

  If this is your first time withdrawing crypto from Swyftx, you must first add and verify a withdrawal address.

  1. From Quick actions in the toolbar, go to  Send crypto.
  2. Select the asset you want to withdraw.
  3. Select the withdrawal address from the list.
  4. Enter the amount of the asset you want to withdraw.
  5. Choose a reason for withdrawal.
  6. Review the fees and withdrawal amount.
  7. Select Send to this address. You will receive an SMS verification code.
  8. Enter the verification code to finalise the withdrawal.

• Web

  If this is your first time withdrawing crypto from Swyftx, you must first add and verify a withdrawal address.

  1. Expand the side menu and select  Withdraw.
  2. Select the asset you want to withdraw.
  3. Select the withdrawal address from the list.
  4. Enter the amount of the asset you want to withdraw.
  5. Choose a reason for withdrawal.
  6. Review the fees and withdrawal amount.
  7. Select Continue. You will receive an SMS verification code.
  8. Enter the verification code to finalise the withdrawal.

Withdrawal times

Crypto withdrawals are processed and withdrawn immediately but will sit in a pending state until 1 confirmation is recorded on the blockchain network.

The time it takes may vary depending on which asset and how busy the network is.

Limits

Minimum withdrawal amounts differ depending on the asset and the chosen network. To see minimum withdrawal amounts for all of the assets listed on Swyftx, visit our network withdrawal fees page.

$50,000 AUD equivalent per day maximum withdrawal.

Limits include both cash and crypto transactions.

Fees for crypto withdrawals

Withdrawals or transfers of crypto incur a 'network' or 'mining' fee. These fees are charged by wallet handlers who facilitate crypto transfers across the network.

Swyftx does not charge a fee in addition to the wallet handler’s fee but will deduct the fee from the asset you are sending to pay the wallet handler.

Read more about Network fees.

Verification

We may ask you to complete further verification before withdrawing.