What is the Swan Bitcoin app and how does it work?

The Swan Bitcoin app is a financial technology platform designed to simplify the process of buying, saving, and investing in Bitcoin. It operates by enabling users to set up automatic recurring purchases of Bitcoin, a strategy often referred to as dollar-cost averaging, which allows users to invest a fixed amount of money into Bitcoin at regular intervals, regardless of the asset's price at that time. This approach helps to mitigate the impact of volatility while potentially reducing the risk and stress associated with trying to time the market. Users can link their bank accounts to the app and choose their frequency of purchase – whether daily, weekly, or monthly – tailoring their investment strategy according to personal preference. The platform also emphasizes education on Bitcoin and provides features such as automatic withdrawals to personal wallets for greater control over one's digital assets.