- The most cost-effective way to automate investing in Bitcoin
- No accessory services
Swan Bitcoin isn't available on Finder right now.
Swan Bitcoin is a Bitcoin-only exchange, which lets you buy Bitcoin with USD for low fees. Here's our review.
Swan Bitcoin provides a service that streamlines Bitcoin investing, but it offers very little else. You can get your fiat into Swan Bitcoin, buy Bitcoin inexpensively and withdraw your Bitcoin in a very efficient manner – saving on time and fees. You aren’t going to get much else from Swan Bitcoin, but Bitcoin purchasing will be optimized.
Swan Bitcoin is a secure and trusted platform that provides automated Bitcoin purchasing at very competitive rates and on automated withdrawals of your Bitcoin. It also offers great customer service. Swan Bitcoin does not offer access to other cryptocurrencies or any trading or earning opportunities on your Bitcoin.
Product Name | Swan Bitcoin |
Fiat Currencies | USD |
Cryptocurrencies | BTC |
Deposit Methods |
Bank transfer Cryptocurrency Wire transfer Osko SEPA SWIFT |
Trading Fee | Free |
Deposit Fees | Free |
Withdrawal Fees | Free |
Finder Score
★★★★★Swan Bitcoin supports 1 cryptocurrency, but some notable assets are missing. Namely, Ethereum, Tether and BNB, which are in the top 20 cryptos by market cap. In total, 1 of the top 20 cryptos are available on Swan Bitcoin.
Popular assets on Swan BitcoinSwan Bitcoin charges a fee for free deposits.
Before you can even get started trading on Swan Bitcoin, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Swan Bitcoin's commitment to certifications and compliance with regulations and insurers.
Swan Bitcoin does not take direct custody of your Bitcoin. Instead, it outsources custody of your Bitcoin to Prime Trust, which follows secure digital asset storage best practices.
Past hacks
There have been no major hacks to the Swan Bitcoin platform.
Security audits
Swan has no history of security audits of its own platform because it outsources custody to Prime Trust. Prime Trust is a financial infrastructure fintech company that undergoes regular auditing. Prime Trust stores its Bitcoin in offline cold storage wallets using best-in-class security practices and technologies.
Insurance
Swan Bitcoin doesn’t maintain a fund to insure against loss of Bitcoin, but US dollars are FDIC insured. Its standard deposit insurance coverage limit is $250,000.
All centralised exchanges, including Swan Bitcoin, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Swan Bitcoin’s customer service is quick and efficient. The “contact us” form can be accessed via the chat help button that hovers in the bottom-right corner. The FAQ section of its website is filled with answers to many relevant questions.
Swan Bitcoin is not currently available on Finder
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Frank Finder
Writer
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