Background
Swan Gifts allow you to give the gift of Bitcoin and Bitcoin education to the people you care most about. You can give a Bitcoin gift to either current Swan members or new members. The recipient must be over age 18 and can reside in any of the countries we serve. We cannot send gifts to residents of South Dakota, Texas, New York, or Hawaii. Recipients will have to pass account verification in order to accept the gift, and givers must have a valid US bank account on file with Swan to complete the gift.
Details
If the recipient is a current Swan member they will receive an email notifying them of the gift delivered that day to their account without further action. The gift amount (in USD) is redeemed for Bitcoin into the receiver's account at the market rate, shortly after receiving.
If the recipient is not yet a Swan member they will receive an email notifying them of the gift. The recipient can accept the gift by setting up an account at Swan Bitcoin. Once an account is set up, the gift will be redeemed at the current market rate, and Bitcoin deposited.
Recipients will receive email reminders until they accept the gift or it expires. Gifts are designed to expire within 30 days to ensure recipients take action to receive their gift and givers don't have unexpected draws on their bank account months later. If a gift expires or is not accepted, no funds will leave the giver's bank account.
If the gift is accepted by the recipient, then the giver's primary linked US bank account will be billed for the size of the gift plus a fee of .99% of the gift size. Gifts unlock for withdrawal by the recipient after 30 days. If the giver has a Swan Force Referral account, and the gift recipient does not yet have a Swan account, then if the recipient accepts the gift, they will become one of the giver's referrals.
If you set a gift to be delivered in the future, then it will be delivered on that scheduled day at roughly 7 am in the gift giver's timezone.
The minimum gift size is $21 and the maximum size is $9,900. Total maximum giving is initially limited to $15,000 per person. The giver and the recipient cannot be the same email address. For tax information regarding giving gifts, please consult your tax agency.
Instructions
To use Swan | Gifts simply log into your Swan account and navigate to the gifts tab as shown below:
Then complete the information about the recipient, amount, gift theme, and delivery date.
Finally click "Review gift details" and confirm the details. Then click "Submit".
You're all set! Your gift has been scheduled. We look forward to welcoming your friends and family on the Bitcoin journey.