Nah both dont corrolate with eachother, also they're insured by the fdic up to 250,000$ so unless you have more that 250k in bitcoin on swan you'll get your money back if (which i highly doubt would happen) they get affected/wiped oit
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π«ππ§‘π» thank you!!
The bitcoin is not insured. Only your fiat.
Thatβs why Iβm nervousβ¦ even though itβs a trivial amount on their sats are sats and I donβt wanna lose any of them.
Imo you should be fine since swan bitcoin only operates with bitcoin and not shitcoins, crypto exchanges on the other hand are shipping bricks currently, you can withdraw in 10-30 days to your cold wallet after the funds settle, im in the same boat as you so i understand where you're coming from
Thanks so much! I appreciate you sharing. Itβs comforting knowing Iβm not alone. I was feeling a bit like an idiot.
I would suggest you Spread out your buys using different exchanges if you can.