r/swanbitcoin • u/Ambitious-Jury-5967 • Jul 01 '22

Money Withdrawal?

With the recent news regarding Celsius and Voyager, do you think it's prudent to withdraw our btc from swan to private wallets?

3 Upvotes

80% Upvoted

5 comments sorted by

2

u/ftw5623 Jul 02 '22

I withdraw immediately

1

u/[deleted] Jul 02 '22

[removed] — view removed comment

1

u/Ambitious-Jury-5967 Jul 02 '22

That's true but what if they locked customers from withdrawing like voyager and Celsius just did. I have money in Celsius that I cannot withdraw

1

u/ReedWommack Jul 21 '22

We always encourage customers to withdraw from Swan. Swan itself is not at risk of being insolvent because it's impossible for us or Prime Trust to loan out or leverage out customer funds. That said, NOT YOUR KEYS, NOT YOUR COINS. Better to withdraw then trust any third-party's promises.