I love @LuggageDonkey | Mom of 3 | Operator | Writer | #Startups | Chair of the U.S. Blockchain Coalition | @Cornell | Speak Truth
Getting a few repeat questions from the many acquaintances and friends I love dearly, so I think I'll have to post the answers as they come up here, to help scale myself. :)
So if you don't know what SWAN is or don't have it, I HIGHLY recommend it. Really great application AND they have awesome learning resources on all things BITCOIN. If you're new to bitcoin or crypto, I also recommend SWAN. Really easy to use, sign up, and seriously great content for folks that want to learn more from a trusted source. Here's what Swan says about itself, "Swan Bitcoin is a platform that helps automate purchasing Bitcoin, essentially acting as a savings account. ... Specifically, it allows users to sign up for recurring Bitcoin purchases while enjoying competitive fees." And yes, Swan has one of the BEST fees for buying Bitcoin. And remember, buying a small amount every week (Dollar Cost Averaging) is one of the best strategies to doing so, versus buying a larger amount all at once while trying to time the market. Swan let's you setup weekly buys like $10/week, or $50/week - whatever makes sense for your budget.
--> Get free $10 in Bitcoin for using my link: https://www.swanbitcoin.com/windshieldtime/ (and I get $10 too!)
Coinbase is a cryptocurrency exchange platform (with a mobile app, and desktop web browser apps that you can use.) Here's what Coinbase says about itself, "Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Our mission is to create an open financial system for the world and to be the leading global brand for helping people convert digital currency into and out of their local currency." You can setup Coinbase (a lot of new folks will usually start with Coinbase too) and use it to go from your fiat money (US dollars) to crypto. You'll have to KYC (go through the security checks, get verified for your identity, hook up your bank account, fund your Coinbase account --- this can take 3-10 days).
Just watch out - the consumer app for Coinbase charges really high fees. If you sign up for Coinbase, use the Coinbase PRO application (same login as your regular Coinbase login information) for your transactions for lower fees. (LINK: https://pro.coinbase.com)
--> Get free $10 in Bitcoin for using my link: https://www.coinbase.com/join/yu_1k (and I get $10 too!)
How to Move My Bitcoin Out Of SWAN?
1.) Make sure you have TWO FACTOR AUTHENTICATION setup in your Swan account. Otherwise, you will not be able to move Bitcoin out of SWAN. Here's a link for what two-factor authentication is. To setup two-factor authentication on SWAN, please click here.
2.) THEN you need a BITCOIN WALLET. There lots of ways to acquire one. In this case, if you want to move your Bitcoin from SWAN to Coinbase, then you'll go into your Coinbase application to find your Bitcoin wallet address. Here's what the Coinbase Bitcoin wallet will look like from your desktop computer (Click COPY or use the QR code reader to get your address).
Here's what the Coinbase Bitcoin wallet will look like from a mobile app:
3.) Then go to your SWAN app, and go to your Swan dashboard and scroll down to the withdrawal section. Click the [Withdraw Now].
You'll see a POPUP come up.
4.) Click [CONNECT SINGLE ADDRESS]. Then you'll see a different screen.
5.) Enter the right information.
-- Where it says "NAME" -- write something like, "COINBASE BTC WALLET"
-- Where it says "ADDRESS - copy/paste the BTC wallet address from your Coinbase account (Step #2 from above).
6.) Confirm the wallet address. You'll have to do the two-factor authentication for Swan that you already setup (remember, from Step #1).
7.) Now that the wallet is CONFIRMED, go back to the Home Screen click [WITHDRAW NOW] again. You're set. You should see a screen that comes up asking for how much you want to withdraw out of SWAN and into your Coinbase Bitcoin wallet.
Stay safe out there.
I host weekly Office Hours on Fridays, 2-3pm Pacific Time Zone. You can sign up on meetup.com under the Blockchain Underground.
If you want to learn more in a small cohort based environment via a super curated synthesized 1 Day Blockchain Crypto Fundamentals Workshop, apply here: https://maven.com/yuv-dojang/blockchain-crypto.