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TagsHow does FDIC insurance apply to digital assets in Fidelity investments?
Adamsen DouglasMar 19, 2022 · 3 years ago3 answersCan you explain how FDIC insurance applies to digital assets in Fidelity investments? I'm curious to know if my digital assets are protected by FDIC insurance in case of any loss or theft.
3 answers
- FDIC insurance specifically covers deposits in traditional banks, such as savings accounts and certificates of deposit. It does not cover digital assets like cryptocurrencies or other investments. Therefore, FDIC insurance does not apply to digital assets in Fidelity investments.Mar 19, 2022 · 3 years ago
- Unfortunately, FDIC insurance does not extend to digital assets held in Fidelity investments. FDIC insurance only applies to traditional banking products and does not cover investments in cryptocurrencies or other digital assets.Mar 19, 2022 · 3 years ago
- While FDIC insurance is a great safety net for traditional banking products, it does not apply to digital assets in Fidelity investments. However, Fidelity has its own security measures in place to protect your digital assets, such as cold storage and multi-factor authentication.Mar 19, 2022 · 3 years ago
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