💳 Swyftx: New Australian Crypto Exchange Launches Paper Trading Competition 📈
About a year ago, a new crypto exchange with ambitious features and competitively low fees was teased on Australian Crypto groups. Swyftx has since launched its main website alongside a paper trading competition so that users can test its exchange interface. But is it a worthy competitor?
Some of their promised features include 1% fees, full order books, stop-limit orders, and an affiliate program for users. The paper trading platform has operating stop-limit orders and offers 30 coins including Bitcoin, Tron, Power (PWR), SALT, and many more.
The paper trading simulation users $20000 simulated Australian Dollars and lets them trade cryptos as they normally would. There are prizes for winners and a scoreboard so you can track your progress. Oddly, you are assigned an avatar instead of a profile picture. These avatars are Nintendo motifs instead of a conventional profile picture. Hopefully this is only a feature during the paper trading contest. as profile pictures or avatars aren't necessary for exchanges.
The trading platform offers a relatively minimal, modern design. It is compact and requires little scrolling through webpages unlike Coinspot. The Menu (below, left hand corner) can transition in and out awkwardly at times and be difficult to scroll through the 'assets' section. Furthermore, one issue is the charts. they're awfully crammed into a small on-screen area and don't offer a simplified view. Although users can choose to show either bars, candlesticks or lines, all the on-screen information remains evident and frankly in the way. I prefer Coinspot's charts. If I wanted all that information, I'd just visit trading view instead of viewing it through Swyftx.
So far, Swfytx is a promising exchange platform and valid competitor here in the Aussie market. It will; however, be a matter of seeking if they meet all these ambitious promises once they officially launch. Another issue nowadays if security and Swyftx could be more transparent about how their features like offline storage work.
https://swyftx.com.au?ref=jordanwhite4
Note: This is an affiliate link. I will receive 20% of the 1% trade fees that Swyftx collect. (Provided you make purchases on the platform after its paper trading phase).
.png)
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jordan.white306 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
@jordan.white306 you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Congratulations @jordan.white306! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPCrypto Exchange In Australia?
This is a good article on the best crypto exchange Australia!?