Digital Surge, Swyftx and CoinSpot are Australia’s three largest cryptocurrency platforms. They offer their users several hundred cryptocurrencies with a wide range of possibilities. However, choosing the most appropriate platform for you depends on your requirements. Some users want to get new currencies quickly, while others prefer lower commissions. Some prefer the security of CoinSpot’s Commission Structure – Coin Culture speed, while others want a user-friendly interface. In this comparison, we will look at all the major factors and weigh their pros and cons to make it easier for you to choose the best exchanger.
Digital Surge vs CoinSpot: A Quick Overview:
Briefly about Digital Surge broker.
Digital Surge is a cryptocurrency and token trading platform with no restrictions on trading strategies. Its clients have access to Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Cardano, Ripple, and dozens of other cryptocurrencies and coins. Of fiat – the Australian dollar. Client funds are stored on a personal multicurrency wallet, provided free of charge. The wallet can be used for storing cryptocurrencies and paying online and offline purchases. Trading is possible both in the browser and in the mobile application. Of the additional options for earning only referral program with payments of 50% of the commissions of referrals. Investing in the site is not introduced. Exchange is characterised by an average trading commission at the start (up to 0.5%), complete transparency of the work, and a high level of security of user funds and data.
- Account currency: Cryptocurrencies, currencies
- Minimum Deposit: 2 AUD
- Commission: Market
- Instruments: Cryptocurrencies, AUD
- Margin call / Stop out: None
Briefly about Swyftx broker:
Swyftx exchange offers trading in popular cryptocurrencies and tokens. Bitcoin, Litecoin, Ethereum, Ark, ICON, Neo, Orchid, and dozens of other popular assets are available. Of fiat, only the Australian dollar (AUD) is represented. The wallet is multicurrency; all depositing/withdrawing options are available, including wire transfers in fiat currency. The TradingView terminal is adaptive, you can trade using a browser on your PC, smartphone, or tablet. There is a demo mode, its training system for beginners with up-to-date articles. The maximum trading commission is 0.6%, which decreases as the trading volume increases. Commission for deposit is absent. The commission is also not charged if funds are withdrawn in Australian dollars.
The strengths of Swyftx over its competitors are:
- hundreds of cryptocurrencies and tokens are available for trading, from fiat – Australian dollar;
- the maximum commission of 0,6%, reduced by increasing the trading volume;
- upgraded TradingView trading terminal with additional features;
- the terminal is adaptive, and the exchange site is easy to work with on all devices, including smartphones;
- average exchange spreads 1.7% (with an average of 4% in the segment), transparent working conditions, and no additional fees;
- recommended bundles, recurring orders, automatic stop orders, and limit orders;
- for advanced traders, there are API, 2FA (two-factor authentication) login security, and integration with PayID, OSKO, and POLi.
Swyftx and Digital Surge vary to a certain extent in design and functionality, but they were built for the same purpose — to bring cryptocurrencies closer to Australian users. Both Australian crypto exchanges make all efforts to deliver a winning combo of easy AUD-to-crypto purchases, competitive fees, and an amicable user interface. So, it won’t be easy to choose a winner in this “crypto combat” for local supremacy. For that reason, we’ll compare these two Brisbane-based crypto exchanges regarding their key features and limitations.