Swan Review: Fees, Features & Setup Guide

1. Sign up at swanbitcoin.com or install the Swan app and enter your email to receive a one-time passcode.
2. Complete identity verification with your legal name, address, and government ID.
3. Turn on authenticator-based 2FA before funding so withdrawals stay protected.

Gotcha: Swan only supports customers over 18 with a U.S. government ID and an eligible bank account.

1. Open the main menu → Bank Accounts and add a U.S. checking account (ACH is required for transfers).
2. Double-check you entered the ACH routing number rather than the wire routing number.
3. For large buys, request wire instructions from the Funding section so your bank can send same-day cash.

Gotcha: Small fintech banks and savings-only accounts may be rejected by the account verification system.

1. Start a one-time or recurring plan; Swan pulls ACH purchases on your chosen cadence.
2. Watch the “Available to withdraw” timeline so you know when ACH-funded bitcoin unlocks.
3. Add your wallet in Withdrawals and set auto-withdraw so sats leave custody as soon as they unlock.

Gotcha: ACH-funded bitcoin cannot move until its unlock window closes, even if you trigger auto-withdraw.

Assisted multisig security Concierge onboarding call

Collaborative multisig keeps your keys offline while Swan guides you through secure storage and inheritance planning.

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Gotcha: Swan Vault costs 0.02% per month with a $30 minimum and $500 maximum.

Segregated custody partners Fraud monitoring & alerts

Swan Guard layers fraud detection, withdrawal reviews, and segregated custody so you always know who can touch your bitcoin.

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Gotcha: Security alerts rely on accurate contact details, so keep your email and phone number current.

Daily, weekly, or monthly pulls First $10,000 fee-free

Automated buys take the emotion out of stacking while you plan your exit to self-custody.

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Gotcha: After the first $10,000 in lifetime buys, every recurring purchase incurs the 1% trading fee.

Sends full unlocked balance Runs on your schedule

Auto-withdraw reduces counterparty risk by moving every unlocked sat to a wallet you control.

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Gotcha: Auto-withdraw only moves unlocked balances; ACH funds still inside the holding window stay custodial until they clear.

Cold storage keeps your bitcoin offline and resistant to hacks.

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1. Choose a hardware or multisig wallet that fits your experience level.
2. Initialize the device, write down the seed phrase, and store it in two secure places.
3. Add your wallet software to a trusted computer so you can verify addresses later.

Gotcha: Never store your seed phrase in cloud storage or screenshots; paper or metal backups are safer.

Registering a fresh address lets Swan route bitcoin directly to your custody.

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1. Open your wallet software and generate a new receive address.
2. In Swan: go to Withdrawals → Wallets, paste the address, and validate it with 2FA.
3. Label the wallet so you recognize it during future withdrawals.

Gotcha: If you add an xpub, only use wallets you fully control; custodial wallets can break auto-withdraw rules.

A small test verifies the address and your signing flow before you move larger balances.

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1. Trigger a manual withdrawal for a small amount and pick the Standard fee tier.
2. Confirm the transaction in your wallet or on a block explorer.
3. Wait for confirmation before scheduling larger transfers.

Gotcha: Do not reuse addresses; generate a new one for every withdrawal to improve privacy.

Finishing the withdrawal puts every sat back under your sole control.

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1. Choose the fee tier that fits your urgency: Priority, Standard, or Flexible.
2. Set or adjust your auto-withdraw threshold so future buys leave custody automatically.
3. Verify the final transaction and store your hardware wallet securely.

Gotcha: Flexible withdrawals can take up to 24 hours to broadcast; plan ahead if you need faster confirmation.