Swan Bitcoin
Exchange CustodySwan Bitcoin is a Bitcoin-only savings platform specializing in dollar-cost averaging (DCA) and IRA accounts. Partners with Fortress Trust and BitGo for custody. Strong Bitcoin education and community focus.
Quick Verdict
With a Custody Score of 6.7/10, Swan Bitcoin is ranked #8 of 10 among exchange custody providers. Its strongest category is Withdrawal Flexibility and its weakest is Counterparty Diversification.
Analysis
Score Breakdown
The Custody Score is a weighted average across 8 criteria, each rated 1-10.
| Criterion | Score | Weight | Weighted |
|---|---|---|---|
| Security | 7 | 20% | 1.40 |
| Insurance | 5.5 | 15% | 0.83 |
| Regulatory | 7 | 15% | 1.05 |
| Fee Transparency | 8 | 10% | 0.80 |
| Track Record | 6.5 | 15% | 0.98 |
| Withdrawal Flexibility | 8.5 | 10% | 0.85 |
| Reporting & Audit | 6 | 10% | 0.60 |
| Counterparty Diversification | 3.5 | 5% | 0.18 |
| Total | 100% | 6.7 |
Key Features
- ✓Automated DCA
- ✓Bitcoin IRA
- ✓Free auto-withdrawal to own wallet
- ✓BitGo custody
- ✓Bitcoin education
- ✓Advisor services
Fee Breakdown
| Setup Fee | Free |
| Annual Custody Fee | None (exchange) / 0.39% (IRA) |
| Transaction Fee | 0.99% (instant) / 0.49% (auto-DCA) |
| Withdrawal Fee | Free auto-withdrawals |
| Notes | Automated DCA with competitive fees. IRA available. Free auto-withdrawal to own wallet. |
Security Details
Key Management
Fortress Trust / BitGo custody
Cold Storage
Majority cold (via partners)
SOC Compliance
Via partners
Penetration Testing
Yes
Incident History: No incidents
Insurance Coverage
Coverage
Via Fortress Trust / BitGo custody partners
Carrier
Via custody partners
Details
Custody through regulated partners with their own insurance.
Regulatory Status
Licenses
- FinCEN MSB
- State licenses via partners
US-based. Custody through Fortress Trust (regulated trust company).
Pros & Cons
Pros
- Best Bitcoin DCA platform
- Free auto-withdrawal to own wallet
- Bitcoin IRA offering
- Strong education and community
- Aligned with Bitcoin-only ethos
Cons
- Higher fees than large exchanges
- Bitcoin only — no altcoins
- Dependent on custody partners
- Newer company
- Limited trading features