How to buy bitcoin fidelity: Crypto Trading with Fidelity Discover Bitcoin, Cryptocurrency, ETFs and more

With Fidelity Crypto℠, you can trade and secure bitcoin and ethereum with as little as $1. You’ll get institution-level security and services that Fidelity Digital Assets℠ has offered since 2018. And just to be clear, Fidelity Crypto is not a new coin. Tap into the new crypto frontier with a trusted leader. Introducing Fidelity Crypto℠, a breakthrough way to trade bitcoin and ethereum in the same app where you trade stocks. Circle is a financial services company that makes products using blockchain technology.

Coinbase, the largest U.S.-based exchange focused solely on crypto, often charges a fee of $2.99 on simple transactions, which would exceed 1% on small purchases. ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.

The Fidelity ETF Screener is a research tool provided to help self-directed investors evaluate these types of securities. The criteria and inputs entered are at the sole discretion of the user, and all screens or strategies with preselected criteria are solely for the convenience of the user. Expert Screeners are provided by independent companies not affiliated with Fidelity. Fidelity does not endorse or adopt any particular investment strategy or approach to screening or evaluating stocks, preferred securities, exchange-traded products, or closed-end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from its use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation, and other individual factors, and reevaluate them on a periodic basis.

At the same time, we’ll help you open an eligible Fidelity brokerage account—if you don’t already have one—to fund your new crypto account. Discover the safest and easiest way to buy Bitcoin and Cryptocurrencies with an MBNA Card. Get started with a regulated digital asset exchange in the UK. Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2012.

Can you Buy Crypto with Fidelity?

They are a FinCEN regulated exchange that is trusted by over 10 million users, making them a safe venue to start investing in the asset class. Yes, Fidelity offers cryptocurrency trading for its customers. Fidelity Digital Assets, a subsidiary of Fidelity, offers a range of cryptocurrency services, including custody, trading, and execution for institutional investors. Uphold is the best alternative to Fidelity for crypto because it has a wide range of assets, low fees, and a user-friendly platform that make it easy for investors to get started.

It doesn’t allow staking, a process that allows owners of some cryptocurrencies to earn rewards similar to interest. It’s not immediately clear from the information listed o Fidelity’s website whether users can trade cryptocurrencies for one another, a function leading competitors generally offer. If you don’t have a Fidelity account, making purchases will require you to create and fund an account such as a brokerage or cash management account. Other crypto services can have significantly higher fees, with some upward of 10% depending on How you pay. Here are a few factors to consider as you evaluate Fidelity’s crypto offerings.

This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues.

The Fidelity Crypto platform was previously only available to institutions. Individual investors can now buy and sell bitcoin and ethereum and use custodial services provided by Fidelity Digital Assets. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Crypto trading fees

Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided.

To summarize, while Fidelity offers cryptocurrency trading and services for institutional investors, it does not currently offer crypto assets through its online platform for retail investors. If you’re a retail investor looking to buy crypto assets, Uphold is a recommended alternative with a wide selection of assets, low fees, and a user-friendly experience. The exchange-traded funds will not invest in digital assets directly, or indirectly through the use of digital asset derivatives. As outlined above, the best alternative to Fidelity to invest in digital assets is Uphold for users in the United States. Based on our research, we found that Uphold offered the most crypto assets, best fees, tightest spreads and best overall user experience compared to popular alternative.

Open both a brokerage and cash management account to easily transfer your funds. Digital assets are more accessible than ever and advisors must be in step with client interests. Use our Advisor’s Guide to Digital Assets to stay ahead of the shifts in cryptocurrencies. The companies that help to power crypto and digital payments could boost your portfolio.

Explore the power of digital assets

Visit the Crypto Help Desk for lightning-fast answers. Get 24/7 virtual assistance, available in-app and online. Tell us How much crypto you want to buy or sell as a market or limit order. Find whatever asset you want to buy from the search bar and tap ‘Trade’.

Ethereum are the two most valuable cryptocurrencies, which means they are widely used and relatively well-established in this emerging sector. If you can’t access the service in your state, you’ll have to go with another option. Our focus on education will help you trade crypto with clarity. You can open a Fidelity Crypto account if you’re a US citizen over the age of 18 and reside in a state where Fidelity Digital Assets℠ can serve customers.

Best Crypto Wallets of April 2023

If you are looking to only use Fidelity to buy cryptocurrencies and are not an institutional investor, you can invest in the Fidelity Crypto Industry and Digital Payments ETF . This ETF gives investors exposure to digital payment and crypto-related companies.It is listed on the Nasdaq Exchange and can be bought through any broker offering that exchange. Fidelity is offering customers what it describes as “commission-free” crypto trading. The company says it will take a spread of up to 1% on crypto trades. Andy Rosen covers cryptocurrency investing and alternative assets for NerdWallet. He has more than 15 years of experience as a reporter and editor covering business, government, law enforcement and the intersection between money and ideas.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. U.S. investors in one of Fidelity’s 36 states can apply, but there is currently a waitlist. It’s an easy entry point for Fidelity customers, but serious crypto enthusiasts might find the product lacking. Share thoughts on crypto with a community of investors who live and breathe it at r/FidelityCrypto.

Traders will also be able to use their assets as collateral to borrow from third-party lenders. The asset management behemoth has begun notifying customers on its crypto waiting list that they are cleared to sign up. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and How the product appears on a page. Here is a list of our partners and here’s How we make money. In these early stages, the price of crypto can be sensitive to influential figures and media coverage.

Funding a Fidelity Crypto account could be easy if you already have a brokerage or cash management account with the company. You’ll be able to move money from Fidelity accounts into Fidelity Crypto. Still, that’s relatively good compared with other crypto services reviewed by NerdWallet.

Finally, the company says it does not allow customers to transfer cryptocurrency out of their accounts or to external crypto wallets. It may turn out that Fidelity follows the path of other brokerages, such as Robinhood, which started with limited crypto offerings, then expanded over time. We believe everyone should be able to make financial decisions with confidence. Additional factors affecting crypto prices are investor demand and coin supply. The value of your investment will fluctuate over time, and you may gain or lose money.

Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation. Custody and trading of crypto are provided by Fidelity Digital Asset Services, LLC, a New York State-chartered limited liability trust company . Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation (“SIPC”).