The bitcoin is not insured. Only your fiat.

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That’s why I’m nervous… even though it’s a trivial amount on their sats are sats and I don’t 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. It’s comforting knowing I’m not alone. I was feeling a bit like an idiot.

I would suggest you Spread out your buys using different exchanges if you can.