Normally, depositing Bitcoin into Swan is only available for our Swan Private members. Once enabled, within the funding section of your account, you will see a Bitcoin Deposit option as shown below:
Then once you select that option, you'll see the following:
Please click "Generate deposit address". Then we will generate a Bitcoin deposit address for you. Please copy-paste that Bitcoin address into whatever wallet or third-party custodian you currently access your Bitcoin through. Please request that wallet or third party to send the funds to the Swan deposit address. Once the transaction has been confirmed on the blockchain, your funds will show up in your Swan account within a few minutes.
If you'd like to record your tax basis for your own use only, click "Show Optional Fields" and you will able to note your date of acquisition, and cost basis. This information will later be shown on your deposits CSV.
If you are a Swan Private customer and still cannot see this module, you can contact support to have the feature enabled.
If you wish to be part of the "Crypto Recycling Amnesty Program" (CRAP) and convert Ethereum to Bitcoin, please reach out to your Private Client representative to enable this service.