Looking for the best platform to use to invest in Bitcoin?
Do you want to know that your Bitcoin will be safe and secure so that you don’t have to worry about it disappearing?
Are you looking for an easy-to-use platform where you can buy and transfer Bitcoin seamlessly?
Swan Bitcoin may be the best platform for you! With a wide variety of payment methods and a user-friendly interface, Swan Bitcoin makes it easy to get started. In this review, we’ll take a look at all the features that make Swan Bitcoin one of the best platforms for buying Bitcoin.
Who And What Is Swan Bitcoin?
Swan Bitcoin is a US-based cryptocurrency exchange that allows you to buy, sell, and trade Bitcoin. The platform supports a variety of payment methods, including credit cards, debit cards, bank transfers, and PayPal. You can also use Swan Bitcoin to buy gift cards with Bitcoin.
How Do You Open An Account and Buy Bitcoin On Swan?
Opening an account on Swan Bitcoin is easy and only takes a few minutes. You’ll need to provide your email address, create a password, and verify your identity. Once your account is created, you can deposit money into your account and start buying Bitcoin.
Swan Bitcoin also offers a referral program where you can earn BTC for each friend you refer to the platform.
What Tools Are Available Through Swan Bitcoin?
Swan Bitcoin offers a variety of tools to help you manage your Bitcoin. You can use the platform to set up recurring purchases, track the price of Bitcoin, and set up price alerts. Swan Bitcoin also has a blog where you can find educational articles about cryptocurrency investing.
Gifting Bitcoin Through Swan Bitcoin
One of the unique features of Swan Bitcoin is the ability to gift Bitcoin. You can purchase a Swan Gift Card with Bitcoin and send it to a friend or family member. The recipient can then use the Swan Gift Card to buy Bitcoin on the platform.
It’s super easy to do!
What Is Swan Private?
Swan Private is a premium membership program for high net worth investors that want to invest $100,000+ in Bitcoin. Private gives you access to exclusive features, including early access to new features, direct customer support, and discounts on trading fees.
What Are Swan Bitcoin’s Fees?
Swan Bitcoin has low commissions (.99%) for all purchases. This is regardless of whether you purchase via wire transfer, recurring transfer, or instant purchase. For wire transfers, Swan’s 0.99% fee comes out of the wire when it settles into Swan as USD. Swan does not charge you fees for trading.
Where Does Swan Bitcoin Store Your Bitcoin?
Swan Bitcoin uses a combination of hot and cold storage to keep your Bitcoin safe. Hot storage refers to wallets that are connected to the internet, while cold storage refers to offline wallets. Swan Bitcoin stores the majority of its Bitcoin in cold storage to keep it safe from hacking attempts.
Swan Bitcoin always encourages users to take custody of their own coins as soon as possible. When you purchase Bitcoin through Swan, your coins are stored by a licensed and regulated chartered trust company, Prime Trust, which secures billions of dollars worth of fiat and cryptocurrency for some of the biggest companies in the industry.
Your Bitcoin and USD is stored under your name with Prime Trust, with you as the sole legal owner. Swan does not have the ability to move your funds.
Again, the majority of the Bitcoin is stored in offline cold storage wallets using best-in-class security practices and technologies.
Is Swan Bitcoin Safe and Secure?
Swan Bitcoin is a regulated company and is compliant with all US laws and regulations. The platform uses state-of-the-art security measures, including two-factor authentication and encrypted storage. Swan Bitcoin is also insured against hacks and thefts.
To enhance the security of your account, Swan replaced username and password logins with secure one-time passcodes that are emailed to you.
One-time passcodes are an industry-leading security standard that prevents unauthorized access to your account by hackers who may have obtained your password on another site.
Where Does Swan Store Your Bitcoin?
Swan encourages users to take custody of their coins as soon as possible. When you purchase Bitcoin using Swan, your coins are stored by a licensed and regulated Nevada chartered trust company, Prime Trust, which secures billions of dollars worth of fiat and cryptocurrency for some of the biggest companies in the industry.
Your Bitcoin and USD is stored under your name with Prime Trust, with you as the sole legal owner. Swan does not have the ability to move your funds.
Bitcoin is stored in offline cold-storage wallets using best-in-class security practices and technologies
Swan Bitcoin stores the majority of its Bitcoin in cold storage to keep it safe from hacking attempts. Cold storage refers to wallets that are not connected to the internet. By keeping its Bitcoin offline, Swan can protect it from being hacked.
Should I Use A Bitcoin Wallet?
The whole purpose of Bitcoin is to provide the owners with control over the Bitcoin and separate it from any third party. So its kind of the reason Bitcoin was developed.
A Bitcoin wallet is not required to use Swan Bitcoin, but it is recommended. A Bitcoin wallet allows you to store your Bitcoin offline in a secure location. Swan Bitcoin supports several popular wallets such as Trezor and Ledger.
If you decide to use a wallet, Swan will generate a recovery phrase that you can use to access your account if you forget your password. It is important to store this recovery phrase in a safe location.
What Are The Benefits Of Buying Bitcoin Through Swan?
If you are bullish on Bitcoin and want to invest for the long term then Swan Bitcoin is a safe and secure platform where you can buy and trade Bitcoin. The platform is easy to use and offers a variety of features, including recurring purchases, price tracking, and gift cards. Swan Bitcoin also has a referral program where you can earn BTC for each friend you refer to the platform. Overall, Swan Bitcoin is one of the best platforms for buying Bitcoin.
Have you used Swan Bitcoin? What was your experience? Let us know in the comments below!