Depositing crypto to Swyftx is a quick and easy process, but it's important to always double-check the deposit address and ensure you select the correct network.

We may not be able to recover crypto sent to Swyftx using incorrect details. If the crypto is recoverable, there can be significant recovery fees.

Before you send or receive crypto, it's crucial to understand how to select the correct network. Choosing the wrong network when sending your crypto will result in funds not arriving at the receiving address.

We recommend you read our Learn article, which explains networks and how they operate, Withdrawing and Depositing Crypto on Blockchain Networks. 

Withdrawing and Depositing Crypto

Beginner

8 minutes

How to deposit crypto

• App

  Always double-check addresses before sending crypto. We may not be able to recover assets sent to the wrong address.

  1. Go to Quick actions and select  Receive crypto.
  2. Search, then select the asset you want to deposit.
  3. Select Continue to create a new receive address.
  4. Select a network, then copy the network address.

• Web

  Always double-check addresses before sending crypto. We may not be able to recover assets sent to the wrong address.

  1. Expand the side menu and select  Deposit.
  2. Search, then select the asset you want to deposit.
  3. Select a network, then copy the network address.

Some networks require a memo or destination tag to be provided along with the address for the transaction to be successful.

Read more: Withdrawing and Depositing Crypto on Blockchain Networks.

Deposit times

When sending crypto, a set number of confirmations will determine how soon the deposit will appear in your account.

The number of confirmations changes depending on the network used and the traffic on them.

Limits

$50,000 AUD equivalent.

Limits include both cash and crypto transactions.

Fees for crypto deposits

Swyftx does not charge a fee for receiving crypto into your account. However, network fees apply whenever you send crypto to facilitate the transfer.

Verification

We may ask you to complete further verification before depositing.