To take full advantage of the unique properties of Bitcoin as money you need to hold your own private keys. As Bitcoiners say, "Not your keys, not your Bitcoin.” It is empowering to be able to hold your bitcoin in your custody so that it cannot be seized or confiscated by banks or the hackers that target them. But choosing to hold your own keys does come with the responsibility for the security of your Bitcoin.
To set up a wallet on the Swan dashboard, follow the steps outlined below...
Bitcoin operates on its own independent monetary network. So Bitcoin withdrawals will not return funds to your bank account. Instead, it will send it from our platform to your own Bitcoin wallet. First, acquire a Bitcoin wallet. If you need suggestions for your first wallet, read here.
Select "Connect Single Address" unless you are an advanced user. Then you'll see this page where you can enter your wallet information. That wallet address should be given by your own Bitcoin wallet when you press a button that says something like "Receive Bitcoin" or "Deposit Bitcoin."
Once you have added that wallet address to Swan's interface, you'll need to confirm it via the 6-digit code generated by your authenticator app on your phone.
Finally, you can go back to the home screen and initiate a new withdrawal. You can select the amount of Bitcoin to withdraw as well as the address that you previously saved.