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Can I buy cryptocurrencies with Fidelity investment accounts?

avatarQw QwDec 25, 2021 · 3 years ago3 answers

Is it possible to purchase cryptocurrencies using Fidelity investment accounts? I am interested in diversifying my investment portfolio and would like to explore the option of investing in cryptocurrencies through Fidelity. Can I buy Bitcoin, Ethereum, or other cryptocurrencies directly through Fidelity investment accounts?

Can I buy cryptocurrencies with Fidelity investment accounts?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Fidelity investment accounts do not currently offer the option to directly purchase cryptocurrencies. However, Fidelity has recognized the growing interest in cryptocurrencies and has partnered with Coinbase, a popular cryptocurrency exchange, to allow Fidelity customers to view their Coinbase account balances alongside their other investment accounts. This integration provides a convenient way for Fidelity customers to monitor their cryptocurrency holdings, but actual cryptocurrency transactions must be conducted through the Coinbase platform.
  • avatarDec 25, 2021 · 3 years ago
    No, you cannot buy cryptocurrencies like Bitcoin or Ethereum directly through Fidelity investment accounts. Fidelity primarily focuses on traditional investment options such as stocks, bonds, and mutual funds. If you are interested in investing in cryptocurrencies, you would need to open an account with a cryptocurrency exchange like Coinbase, Binance, or Kraken.
  • avatarDec 25, 2021 · 3 years ago
    While Fidelity investment accounts do not support direct cryptocurrency purchases, you can use a third-party platform like BYDFi to buy cryptocurrencies using your Fidelity account. BYDFi offers a seamless integration with Fidelity, allowing you to connect your Fidelity account and trade cryptocurrencies within the BYDFi platform. This provides a convenient solution for Fidelity customers who want to invest in cryptocurrencies without the need to open accounts with multiple platforms.