bobby on Nostr: Don’t use Swan!!! I have a lot of my Bitcoin trapped in a Swan IRA. I just learned ...
Don’t use Swan!!!
I have a lot of my Bitcoin trapped in a Swan IRA. I just learned about the process to transfer to a different broker, and it’s horrendous.
First, Swan “doesn’t have any visibility” into the price I will get upon liquidation, and it will take 2-3 days. In other words they’ll just stick me with the worst possible price during my transfer window.
On top of that, they charge a 0.99% fee to transfer.
I’m ripping the band-aid off, but not happy about this.
Publicly shaming cory (npub18p6…0k8k) for the Bitcoin community.
I first used Swan on the recommendation of LynAlden (npub1a2c…w83a) , who I trusted.
I should have listened to ODELL (npub1qny…95gx) sooner
I have a lot of my Bitcoin trapped in a Swan IRA. I just learned about the process to transfer to a different broker, and it’s horrendous.
First, Swan “doesn’t have any visibility” into the price I will get upon liquidation, and it will take 2-3 days. In other words they’ll just stick me with the worst possible price during my transfer window.
On top of that, they charge a 0.99% fee to transfer.
I’m ripping the band-aid off, but not happy about this.
Publicly shaming cory (npub18p6…0k8k) for the Bitcoin community.
I first used Swan on the recommendation of LynAlden (npub1a2c…w83a) , who I trusted.
I should have listened to ODELL (npub1qny…95gx) sooner