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If you’re looking to get into the cryptocurrency game, you may be wondering if you can trade crypto on Fidelity. The answer is yes! In this blog post, we’ll show you how to get started.
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Introduction
Fidelity Investments is one of the largest asset managers in the world with over $7 trillion in assets under management. The company offers a wide range of financial services, including brokerage and retirement services, as well as asset management.
Fidelity does not currently offer any cryptocurrency-related products or services, but that could change in the future. The company has been hiring blockchain and cryptocurrency experts and has filed for several cryptocurrency-related patents. In October 2018, Fidelity launched a new company called Fidelity Digital Assets to provide custody and trade execution services for institutional investors trading cryptocurrencies.
It is not yet clear if or when Fidelity will offer cryptocurrency trading to individual investors, but the company’s moves suggest that it is interested in becoming a major player in the space.
What is Fidelity?
Fidelity Investments is an American multinational financial services corporation. It is one of the largest asset managers in the world with $7.2 trillion in assets under management as of March 2020. The company provides investment management, retirement planning, estate planning, tax-advantaged investing, and other financial services to individuals, institutions, and businesses.
What is Crypto?
Cryptocurrencies, also called “crypto”, are digital or virtual tokens that use cryptography for security. A key feature of crypto is that it is decentralized, which means it is not subject to government or financial institution control.
Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Fidelity offers a limited amount of cryptocurrency trading for select clients. For more information on how to trade crypto on Fidelity, please visit our website.
Can You Trade Crypto on Fidelity?
Fidelity Investments is one of the world’s largest investment firms, with over $2.8 trillion in assets under management. It offers a wide range of investment products and services, including brokerage, retirement, and financial planning.
Fidelity does not currently offer any specific products or services for investing in cryptocurrencies. However, the firm does allow its customers to trade Bitcoin (BTC) and Ethereum (ETH) through its subsidiary, Fidelity Digital Asset Services.
FidelityDigital Asset Services is a cryptocurrency trading and custody platform that is geared towards institutional investors. It offers competitive pricing and features 24/7 customer support.
How to Trade Crypto on Fidelity
Fidelity Investments is one of the largest and most well-known asset managers in the world, managing over $7 trillion in assets.
The company recently announced that it would be adding cryptocurrency trading to its platform, allowing users to buy and sell digital assets like Bitcoin (BTC) and Ethereum (ETH).
This is a huge development for the cryptocurrency industry, as it legitimizes the asset class and could lead to more mainstream adoption.
In this article, we’ll cover everything you need to know about trading crypto on Fidelity, including how to set up an account and start trading.
How to Trade Crypto on Fidelity: Step-by-Step Guide
1.Create a Fidelity account. If you don’t already have one, you can create an account on the Fidelity website.
2.Verify your identity. When you create an account, you’ll need to go through a verification process. This usually involves uploading some form of identification, like a driver’s license or passport.
3.Fund your account with fiat currency. Once your account is verified, you’ll need to deposit some fiat currency (e.g., US dollars) in order to buy cryptocurrencies. You can do this via bank transfer or credit/debit card.
4.Buy crypto on Fidelity. Once you have fiat currency in your account, you can use it to buy cryptocurrencies like BTC and ETH on the Fidelity platform.
5.(Optional) Move your crypto off the exchange . If you want to keep your crypto safe from hacking attacks, it’s generally a good idea to move it off of exchanges and into a digital wallet
Conclusion
At this time, Fidelity does not offer cryptocurrency trading. However, they have indicated that they are keeping an eye on the development of the market and may offer this in the future. In the meantime, there are many other exchanges available that allow you to trade cryptocurrencies.
