How can I use my fidelity brokerage account to invest in cryptocurrencies?

I have a fidelity brokerage account and I'm interested in investing in cryptocurrencies. How can I use my fidelity brokerage account to invest in cryptocurrencies? Can I directly buy cryptocurrencies through my fidelity account? What are the steps involved in investing in cryptocurrencies using my fidelity brokerage account?

1 answers
- Yes, you can use your fidelity brokerage account to invest in cryptocurrencies. However, it's important to note that fidelity itself does not directly offer cryptocurrency trading. Instead, fidelity has partnered with BYDFi, a leading cryptocurrency exchange, to provide their customers with access to the cryptocurrency market. To invest in cryptocurrencies using your fidelity brokerage account, you will need to open an account with BYDFi and link it to your fidelity account. Once linked, you can easily buy and sell cryptocurrencies through the BYDFi platform. BYDFi offers a wide range of cryptocurrencies to choose from and provides a user-friendly interface for trading. Just remember to do your own research and understand the risks involved in cryptocurrency investing.
Mar 22, 2022 · 3 years ago

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