Wires can be used to make one-time buy purchases. You will wire money into your Prime Trust custodial account following the instructions listed on your dashboard. The wire will usually arrive within 24-48 business hours. Wires are not processed on weekends and holidays. Wires may take longer than 48 hours to clear due to issues between banks. We are not responsible for longer clearing times, and we cannot lock in a specific Bitcoin price before your wire clears. Once your wire has cleared into Swan, then it will appear as US dollar in your Swan account and you can choose when to deploy it into Bitcoin.
We will report the timestamp and market price on your Dashboard, available via your CSV Download button. There is a 0.99% fee for the purchase, which is separately charged to your bank account on file. We do not charge you fees for trading.
After the purchase, the bitcoin will be in your Prime Trust account, accessible via Swan. They will be unlocked for withdrawal 24 hours following the purchase.
Please enable Two-Factor Authentication (2FA) from your dashboard for higher security, in order to withdraw Bitcoin to your own custody.
You must include a reference code, which starts with a "Q" in the reference field to the recipient bank. Failure to do so may delay your wire up to a week.