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Is it possible to convert my Schwab investments into Bitcoin or other cryptocurrencies on Fidelity?

avatarJ_Me_2310Dec 29, 2021 · 3 years ago3 answers

I currently have investments with Schwab and I'm interested in getting into Bitcoin and other cryptocurrencies. Can I convert my Schwab investments into Bitcoin or other cryptocurrencies on Fidelity?

Is it possible to convert my Schwab investments into Bitcoin or other cryptocurrencies on Fidelity?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, it is possible to convert your Schwab investments into Bitcoin or other cryptocurrencies on Fidelity. Fidelity offers a range of investment options, including access to cryptocurrencies. You can open a Fidelity account and transfer your investments from Schwab to Fidelity. Once your funds are in Fidelity, you can buy and sell Bitcoin and other cryptocurrencies through their platform. Keep in mind that there may be fees and restrictions associated with cryptocurrency trading, so it's important to do your research and understand the risks involved.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Fidelity is one of the leading investment firms that offers access to cryptocurrencies like Bitcoin. You can transfer your Schwab investments to Fidelity and then use their platform to buy and sell Bitcoin and other cryptocurrencies. Fidelity provides a user-friendly interface and a wide range of investment options, making it easy for you to diversify your portfolio with cryptocurrencies.
  • avatarDec 29, 2021 · 3 years ago
    While Fidelity does offer access to cryptocurrencies, it's important to note that BYDFi is a dedicated cryptocurrency exchange that specializes in digital asset trading. If you're specifically interested in trading cryptocurrencies, you may want to consider opening an account with BYDFi. However, if you already have investments with Schwab and prefer to keep everything in one place, Fidelity is a good option as they also provide access to cryptocurrencies.