We always encourage our 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.
Bitcoin is stored in offline cold storage wallets using best-in-class security practices and technologies.