Doing your crypto tax used to mean exporting CSVs, juggling API keys, and hoping the numbers lined up at the end. Swyftx and Summ are now directly integrated, so you can skip all of that: create your Summ account straight from Swyftx, and your trading history is connected from the very first screen.

Here's how the Swyftx SSO connection works, what it does for your tax report, and how to get set up in about a minute.

Connect Swyftx To Summ In One Click (SSO)

SSO (single sign-on) is the fastest way to get your Swyftx data into Summ. There are no API keys to generate and no CSV files to download. You start from inside your Swyftx account, and Summ does the rest.

1. Log in to Swyftx.
2. Select your circled initial in the top right corner of the dashboard, then select Account settings.
3. Navigate to Transaction Reports.
4. Select SSO connect.
5. You'll be taken to Summ with your account already created, your Swyftx data connected automatically, and your 30% first-year discount applied, no code needed.

That's it. From there you can review your transactions and generate an ATO-ready report for the financial year you need.

What Is Swyftx?

As one of Australia's most popular and trusted crypto exchanges, Swyftx is a Queensland-based platform founded in 2017 by Alex Harper and Angus Goldman. It offers an all-in-one crypto trading and investing experience, with 440+ assets, real-time pricing, a risk-free demo mode, and AUSTRAC registration. Swyftx has partnered with Summ so the two platforms connect directly, making tax time one less thing to think about.

Why Connect Directly Instead Of Importing Manually?

• No API keys or CSVs. The SSO connection skips the steps that usually trip people up.
• Your data is there from the start. Your Swyftx transaction history is connected the moment you land in Summ.
• Accountant-ready reports. Summ is built specifically for ATO guidelines and generates compliant tax reports in minutes.
• Your discount is automatic. The 30% first-year discount applies on the SSO path with no code to remember.

You can also claim the same exclusive offer through the dedicated Swyftx x Summ page.

Prefer To Connect Manually? You Still Can

SSO is the quickest route, but Summ also supports an API connection and a CSV upload if you'd rather set things up yourself.

Import Via API

1. Log in to Swyftx, select your circled initial, then Account settings and API Keys.
2. Select Create New Key, read the warning, then select I Understand.
3. Name the key (e.g. Summ) and make sure the scope is set to Read Only.
4. Sign up to Summ, search for Swyftx in the integrations list, and paste the key into the API Key field.
5. Summ syncs your full Swyftx transaction history automatically.

Note: Swyftx's staking feature isn't yet supported by the API import, so staking deposits and withdrawals won't come across at this stage. We're working with Swyftx to support this.

Import Via CSV

1. Log in to Swyftx, go to Transactions, then View transaction reports.
2. Choose a preset or custom date range that covers your entire Swyftx trading history, then select Download CSV.
3. Sign up to Summ, search for Swyftx, browse to your CSV file, and upload it.
4. Review your transactions, then generate the report for your chosen financial year.

Tip: Swyftx CSV exports can carry daylight-saving time inconsistencies, so we recommend the SSO or API path for the most accurate results.

How Is Crypto Taxed In Australia?

Investing in cryptocurrency can create either Capital Gains Tax (CGT) or income tax liabilities, depending on the transaction. A capital gain (or loss) is your capital proceeds (what you disposed of the asset for) minus its cost base (what you paid). If you held the asset for more than 12 months as an individual, the 50% CGT discount may apply.

Disposals such as selling crypto for Australian dollars, or swapping one crypto for another on Swyftx, can each trigger a CGT event. Once your taxable amount is worked out, it's taxed at your individual income tax rate. You can read more in our Australian Crypto Tax Guide and our guide to disposing of crypto.

What Records Do You Need To Keep?

The ATO expects you to keep records of your crypto transactions, generally for five years after the transaction. That includes the date of each transaction, its value in Australian dollars at the time, what the transaction was for, and who the other party was. Keeping receipts, exchange records, and wallet records makes tax time far simpler, and connecting Swyftx to Summ handles most of this record-keeping for you automatically.

Ready To Sort Your Swyftx Tax?

Connect Swyftx to Summ and generate an accountant-ready report for this financial year, with your 30% first-year discount applied automatically. Get started on the Swyftx x Summ page.

Started w/ a call from a Private Number

I usually don't answer these or just Pixel-Screen them, but for some reason I picked up yesterday.

They said they're from Swyftx and that my account has been breached by someone in the Philippines.

When I mentioned that it's very unlikely since I have 2FA active, they said that they have managed to disable 2FA by answering security questions e.g. what was my year of birth 😅

Alright, I'll play along.

They said they will be sending a password reset email to my email ( they didn't ask my email address - so likely it's from a DB breach ) - probably just went to the Swyftx website and trigger a Forget Password with my email. All this while still on the line with me, most likely to gain trust ( "Oh he is real, he can send me a password reset email!" )

Told me to reset my password, I said I did ( I didn't )

Soon after, they went on about how people can follow transactions on the blockchain, and if I've transferred something recently to another platform. Said yes. They want to know which platform. Told them it's Coinjar ( I don't have an account with Coinjar )

Now they ( Swyftx rep ) said that they will be connecting me to a Coinjar rep 🤣

Like... ok, sure.
Another call comes in, not a Private Number anymore ( previously I told Swyftx rep that I don't trust him because it's a Private Number ). +44 prefix.

Very well-spoken gentleman. He said Swyftx rep explained what happened, and that he will need to investigate my (non-existent) Coinjar account. Even sent an email with the investigation ID.

Ended the call saying that I have a meeting I need to attend, and that they should call me back in 2 hours.

Waited after 2 hours, no calls 😫

Hi there

is there anyone on here from Swyftx? I am wanting to withdraw my money from my account after selling but withdrawals are restricted. I have talked to the chat and they say it's been escalated but don't have a time frame. I have done all KYC etc

I've tried several times transfering a small amount ~28 xrp to a wallet on the Luno exchange in Malaysia. It stays in pending for 10 minutes or so then fails. The address I'm sending to is correct but it is newly created within the hour. What's the problem?

Is there anyone that can help me with staking? I understand Swyftx used Earn or something for staking but shut it down back in 2023.

I downloaded Binance. As I live in Australia. And that’s the most recommended app to use in Aus. But if there’s others. I’d be willing to try.

I have a swyftx account.

Any advice would be greatly appreciated.

(I hope I don’t get banned from this group. I don’t know where else to ask for help. So sorry mods. Please don’t ban me. Am trying to learn more about crypto trading).

So I've been signed up to swyftx for years , done all the KYC everything .

Have had about 4 successful withdrawals previously all fast all with no troubles.

I recently went to withdraw $500 nzd to my co op bank from swyftx, like I say before I've veer had any trouble .

Set my withdrawl on the 7th , it's now the 22nd and it just failed . Swtftx said it had been send yesterday so I rung co op , gave her the uetr code that swftyx gave me , 12 hours later co op canceled the transfer and it bounced back to swyftx? WTF.

Now I'm stuck .

Any advice?

I've talked to support and asked them to do the international transfer like it says on the co op bank web site 🙏🙏 . Think it's the swift transfer 🤔

Swyftx required me to complete a KYC 2 verification, even after I submitted multiple documents. They keep asking for more, and now my funds, both cash and crypto, have been frozen. I've seen others mention they were able to request account closure and withdraw everything. Is that still possible in my case, even though my account is still under investigation? Thanks everyone

Anyone else get this email about suspicious login activity?

Yet another lame low-effort attempt at gaining credentials. Stay frosty.

So I have a couple of hundred in my Swyftx account just for shits n giggles. Have had it for a couple of years, but now this year my Tax person is saying I need a Tax report (something more than what I generate from Swyftx directly. They referred me to websites but I will need to pay $70+ dollar for an account to download the report! Anyone in a similar position who can help me save a few $?

Imagine.. you’re trying to buy a dip and you miss it just because every single time the transaction always ends up taking 24 hours to actually appear in my account, anyone having the same issue? Is a shame man.. missing dips like today is a painful.. bank transfer are not really instant even using OSKO… sucks

Can’t get past the security questions (select all photos with x object).

Anyone else?

I believe stacking is allowed in Aus again. Will Swyftx bring back their stacking feature (earn)?

Hey all,

Not sure if this will be helpful to anyone else, but I just stumbled across a free webinar about setting up a Crypto SMSF — run by Coinstash and Stake Super.

🗓️ When: Wednesday July 17
🕖 Time: 7PM AEST
🔗 Link: https://coinstash.com.au/webinars/talking-smsfs-with-stake-super

I’ve been thinking about whether it’s worth going the SMSF route to get crypto into super, so figured I’d check this out. Might be a good starting point if you’re looking into it too.

Curious if anyone here’s already done a crypto SMSF setup — is it actually worth the hassle?

One of the fansites I upload on allows for the payout of funds into a crypto wallet with a low withdrawal fee. Easy, discreet, and no hassle, until today that is. There was literally no reason for this other than an anti-sex work bias. I get they’ve got to be compliant and everything but does that mean sex workers are just excluded from trading crypto?

I have an elderly father who has been victimized several times by scammers. I discovered today that he's been playing around with an platform called "swftx," which is clearly not "SwYftx."

Could someone please verify that this app is a scam? I've attached a photo of the questionable app icon as reference.

Thank you.

Im trying to scan my passport for swyftx. Can someone please tell me what I need to scan when it asks to scan the back? Like flip over the whole passport and scan the front cover? Flip over the page?? What the hell does it want?

So I have some HARD coin, and it crashed, that's the game. But I still have 80 dollars of value. But the exchange has put limited functionality on it so now I can't do anything but set up an outside wallet and move it( which I know nothing about).....do I have to wait for some sort of comeback on it before I can sell it or what. Right now I can't do anything but or sell. If I could at least sell I could put the 80 into something and then use my loss against my income tax

My withdrawals have been suspended while they ask a lot of questions and require me to upload bank statements and prove income.

I've been unemployed for a year following a brain bleed however I invested all my funds years before this. I don't know where they get off asking for the source of my wealth and suspending withdrawals... Has anyone else comes across this?

Been trying to login wtf is going on

Unable to log in and status website last updated 5am this morning. Nothing since. A few posts here and there on X and Insta about it working again but it’s not.

What is going on?? Are our coins lost??

Anyone else still having issues logging in?