Swan Bitcoin

Written By
Deniz Saat
Reviewed By

Swan Bitcoin is a platform that helps automate purchasing Bitcoin, essentially acting as a savings account. The platform aims to become the most accessible and user-friendly way to acquire Bitcoin. Specifically, it allows users to sign up for recurring Bitcoin purchases while enjoying competitive fees.

Overview

Efficient way to buy Bitcoin

Automated buying plans

Low fees

Highly secure

Overall Rating
  • Features
  • Ease of Use
  • Payment Options
  • Fees
  • Security

Jump to Section

Who Are They?FeaturesCurrencies SupportedPayment MethodsSupported CountriesFees and Buying LimitsCustomer Reviews
Is 
Swan Bitcoin
 Safe? 
ProsConsFAQ

Who are they?

Bitcoin is one of the most significant savings instruments today. It is expected to grow exponentially in the coming years. Swan makes Bitcoin investing effortless. Swan Bitcoin is a platform that helps automate purchasing Bitcoin, essentially acting as a savings account. The platform aims to become the most accessible and user-friendly way to acquire Bitcoin. Specifically, it allows users to sign up for recurring Bitcoin purchases while enjoying competitive fees.

Swan’s purpose is to onboard the next 10 million Bitcoin users. The team behind this platform concentrates on educating Bitcoiners at every level of experi­ence. Users may set up their Swan account to auto withdraw funds from their bank account. After the Bitcoin is bought, users may also set up a withdrawal schedule by assigning a Bitcoin address with their Swan account. A Swan user may select any amount and time period. This method of dollar cost averaging into Bitcoin is used as a way to incentivize saving over spending or selling.

Features

  • Automatic Recur­ring Buys
    A user may select automatic recur­ring Bitcoin purchasing plans. They may choose a weekly, bi-weekly, or monthly buy schedule. Daily purchases will be coming to the platform soon.

  • Referral Program
    If a user refers someone to Swan Bitcoin, they may earn a percentage of their referral’s purchase amount in Bitcoin.
  • Auto-withdrawals
    Withdrawal schedules may be set up for transferring a specific amount of Bitcoin. The funds may be sent to a user’s wallet of choice.

Cryptocurrencies

Swan allows users to buy, store, and exchange only Bitcoin. Only USD is accepted for purchasing Bitcoin. Fees depend on the amount of USD being converted to BTC.

Fiat Currencies

Swan allows users to buy, store, and exchange only Bitcoin. Only USD is accepted for purchasing Bitcoin. Fees depend on the amount of USD being converted to BTC.

Payment Methods

ACH transfers

Supported Countries

  • US
  • Puerto Rico
  • Guam

Swan is now available in every US state. If you reside in a foreign country, you may still join the Swan Force Referral Affiliate Program. The Swan Force program is available for anyone around the world to join. Anyone may refer Americans to the platform. Swan will pay 0.25% of what is purchased from a referral to the person who recruits them.

Fees and Buying Limits

Swan allows users to purchase Bitcoin as cheaply and efficiently as possible.

  • Swan Bitcoin has the lowest fees for recurring purchases in the US.
  • Fees depend on the amount purchased. For example, purchasing $50 per week, with all fees pre-paid for the year, will cost 0.99% per transaction.
  • There are no withdrawal fees.

Customer Reviews

“Swan Bitcoin is designed for long-term savings plans; they have an interesting way to save money on fees you’d typically incur by making lots of small Bitcoin purchases. Instead of paying a fee with each transaction, you can choose to pre-pay all your fees for the year upfront, drastically reducing the overall cost of those fees compared to individual buys. They can offer a great deal because you’re committing to your savings plan that way.” Reference

“Swan is awesome! Super simple & smooth on the user end. Get updated along the way through verification, which was nice. A great option for a long term committed stacking. It's highly recommended to family, friends & anyone who is interested in freedom.” Reference

“The Swan Bitcoin platform makes buying Bitcoin easier than ever. All you have to do is connect your bank account to the platform, and it will buy BTC for you, and deposit it in a Bitcoin wallet of your choosing! The Swan app was featured at Product Hunt, a popular site that surfaces the best new tech products, quickly shooting up to #1 and garnering rave reviews.” Reference

Is 

Swan Bitcoin

 safe? 

When you give your bank account details to Swan, the amount is transferred into a licensed and regulated trust company called Prime Trust. They create an account registered legally under your name. Once the funds clear, Prime Trust executes a trade to exchange your fiat money for Bitcoin at the current market price.

Prime Trust secures billions of dollars worth of fiat and cryptocurrencies for some of the major industry players. In order to ensure that Swan cannot move Bitcoin out of your account, you will get direct confirmation from Prime Trust whenever you withdraw your Bitcoin. Swan obeys the Center For Internet Security Benchmarks for security standards.

Pros of 

Swan Bitcoin

  • Set up an auto DCA plan instantly after membership is activated.
  • Lower fees compared to most exchanges.
  • Dollar-cost averaging reduces the emotional need to sell.

Cons of 

Swan Bitcoin

  • Only available in the US and certain territories.
  • Limited payment methods.

FAQ

1. Where is Swan Bitcoin located?

Swan Bitcoin is located in California and headquartered in Los Angeles.

2. Does Swan sell any cryptocurrencies other than Bitcoin?

No, Swan doesn’t sell any other cryptocurrencies.

3. Can I sell my Bitcoin with Swan?

No, Swan Bitcoin assumes that Bitcoin is the best investment technique, hence a Bitcoin "buy-only" platform.

4. Does Swan Bitcoin offer margin trading?

No, you can’t buy Bitcoin on leverage or margin, nor can you buy Bitcoin derivative products like futures or options.

WRITTEN BY
Deniz Saat
Deniz Saat is an IT services specialist and technical writer.
REVIEWED BY

More questions? Book a 1:1 video call with a Bitcoin Pro!

Don't waste your time with DMs, emails and large group chats to get your questions answered. Consult with one of our thought leaders and learn about mining, security, Lightning network, DeFi, taxes and many other topics. Be prepared for the financial revolution and get the knowledge you need.

Connect with a Pro

Sign up for more

Stay curious. Bitcoin education featuring blogs, learning tools and reviews to help you navigate through the financial revolution.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Other Exchange Reviews

If you’re interested in buying bitcoin, these exchanges are a good place to start.

Read more reviews

Subscribe to Our Newsletter

Stay curious. Bitcoin education featuring blogs, learning tools and reviews to help you navigate through the financial revolution.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.