Like most banks, Fidelity does not currently operate a cryptocurrency exchange. However, you can simply transfer funds to a cryptocurrency exchanges like eToro and buy through them.
Summary: To invest in cryptocurrencies with Fidelity, you have to signup to regulated exchanges like eToro. This platform is regulated in the United States by FinCEN and offers a beginner-friendly experience. eToro offers 1000s of digital assets including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cosmos (ATOM and many others. Get started today by signing up (takes two minutes) and deposit money via a bank or card transfer!
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Like most banks, Fidelity does not currently operate a cryptocurrency exchange. However, you can simply transfer funds to a cryptocurrency exchanges like eToro and buy through them.
The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro.
For users with a Fidelity account or other US bank, we recommend signing up to eToro due to their user-friendly interface and 1000s of digital assets.
Signing up is quick, easy and free of charge. After successfully signing up, you can easily connect your bank account and initiate your first USD deposit.
Deposits made via bank transfers (ACH) are free of charge, while transfers made via credit/debit cards incur a small fee.
Once the funds have been deposited into your eToro account, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, and Solana, among others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via Fidelity Bank or Credit Card/Debit Card.
3. Start Buying: Once your deposit has reached your account.
Fidelity announced earlier this year that they are in the process of rolling out Bitcoin 401(k) plans. Once launched, this will permit employees to invest in Bitcoin through dedicated digital asset accounts.
Users that want to connect Fidelity to FinCEN regulated exchanges like eToro and Coinbase can do so easily.
There are no limitations for Americans to connect their bank accounts or other type of investment accounts to regulated crypto exchanges and brokers.
Fidelity launched Fidelity Digital Assets, a full-service enterprise-grade platform for securing, trading, and supporting cryptocurrencies.
This subsidiary provides cryptocurrency custody and trade execution for institutional investors, hedge funds, family offices, and market intermediaries.
There are no limitations for Fidelity retail customers to link their bank accounts to buy or sell cryptocurrencies with regulated cryptocurrency exchanges.
Higher net worth individuals however have the option to buy cryptocurrency ETFs directly from Fidelity.
Fidelity is very crypto-friendly. In fact, they are so bullish on the cryptocurrency space that they are launching their own exchange.
Together with Charles Schwab and Citadel, they will launch their own exchange called EDX Markets (EDXM). Jamil Nazarali, CEO of EDX Markets had this to say:
“We look forward to welcoming additional participants to the exchange, which will drive ongoing trading in this important asset class while creating a virtuous cycle of continually enhanced liquidity and efficiency supported by MEMX’s cutting-edge technology,”
Fidelity Investments, also known as Fidelity, was founded in 1946 and has its headquarters in Boston, Massachusetts. Fidelity is one of the largest asset managers in the world with $4.5 trillion in assets under management.
Fidelity Investments is a comprehensive financial services firm offering brokerage, mutual fund management, retirement services, and more. Fidelity has over 60,000 employees that help over 23 million people manage their life savings.
In 2019, Fidelity expanded into the cryptocurrency space with the introduction of Fidelity Digital Asset Services, catering to institutional investors custody and trading needs.
By March 2021, they further delved into the crypto arena by filing for a Bitcoin ETF with the SEC. Fidelity is appreciated by its investors and customers for its research resources, affordable fees, prompt customer service, and commission-free mutual fund options.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform