Bank transfer Cryptocurrency Wire transfer Osko SEPA SWIFT
Trading Fee
Free
Deposit Fees
Free
Withdrawal Fees
Free
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Our take on Swan Bitcoin
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.
4.2
Finder Rating
★★★★★
Transferring money or assets
★★★★★
Fees and costs
★★★★★
Ease of use
★★★★★
Customer service
★★★★★
Staking/earn
★★★★★
Trustworthiness/security
★★★★★
How we rate our crypto exchanges and platforms
Finder's editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform's strengths and weaknesses. You can read our full methodology here.
Our rating and selection of the best crypto exchanges is based on the same criteria as our annual Crypto Trading Platform Awards, updated by our editorial team throughout the year to reflect changes in the market.
Swan Bitcoin pros and cons
Pros
Trade with multiple fiat currencies. Swan Bitcoin allows you to trade with 1 currencies including USD, .
Deposit and withdraw USD directly to your bank account in the US. With Swan Bitcoin you can deposit cash from your American bank account and cash out back into the same account.
Supports a range of payment methods. Swan Bitcoin supports several popular payment methods including USD deposits via Bank transfer, Wire transfer, Osko, SEPA and SWIFT.
Cons
Only 1 cryptocurrencies supported. Swan Bitcoin supports a smaller variety of assets than some of its competitors. This isn't necessarily a bad thing, but if you're looking for a large range of altcoins you may want to compare other platforms.
No live chat or phone-based customer support. Swan Bitcoin does not have a live customer support service. Instead you will need to consult the FAQ or contact Swan Bitcoin via email, which may take several days to receive a reply.
Comparatively high trading fees. Swan Bitcoin charges maker/taker fees of / on the spot market which is high compared to some other platforms. If low trading fees are important, use our table to compare trading fees between platforms.
No mobile app available. Swan Bitcoin does not have a dedicated mobile app. You can still use the platform on your phone, but the experience may not be as smooth as other platforms that have smartphone apps.
Listed Swan Bitcoin crypto exchange assets
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 Bitcoin
supports
Bitcoin (BTC)
does not support
Ethereum (ETH)
does not support
Tether (USDT)
does not support
BNB (BNB)
does not support
USD Coin (USDC)
does not support
XRP (XRP)
does not support
Cardano (ADA)
does not support
Dogecoin (DOGE)
does not support
Lido Staked Ether (STETH)
does not support
Polygon (MATIC)
does not support
Solana (SOL)
does not support
Binance USD (BUSD)
does not support
Polkadot (DOT)
does not support
Litecoin (LTC)
does not support
Shiba Inu (SHIB)
does not support
TRON (TRX)
does not support
Avalanche (AVAX)
does not support
Dai (DAI)
does not support
Uniswap (UNI)
does not support
Wrapped Bitcoin (WBTC)
BTC
Swan Bitcoin fees
Swan Bitcoin charges a fee for free deposits.
Swan Bitcoin deposit methods
Bank transfer
Cryptocurrency
Wire transfer
Osko
SEPA
SWIFT
How to sign up on Swan Bitcoin exchange
Before you can even get started trading on Swan Bitcoin, you have to go through the rigorous verification process (which usually involved proof of identification). This can take quite a long time. The reason for this is Swan Bitcoin's commitment to certifications, and compliance with regulations and insurers.
Get started After selecting the Get Started button, fill in the create account form.
Set up payment Before you can start trading, you have to add your bank account to your Swan Bitcoin account. There are several options to choose from, so choose the option most compatible.
Provide identification Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this.
Start trading After all that is processed, you're ready to trade on Swan Bitcoin.
Is Swan Bitcoin safe?
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.
Keeping your crypto secure
All centralized 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.
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.
Gerrit van Sittert is a cryptocurrency investor keenly interested in the ramifications of blockchain technology. Since graduating with a commerce and entrepreneurship degree, he has specialized in the role that crypto video games have to play in the overall adoption of cryptocurrency.
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finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
