Cryptocurrency has become a popular way to invest in the United States. Many people now ask one common question: does Fidelity sell crypto? The answer is yes, but the details matter.
Fidelity and Cryptocurrency
Fidelity is one of the largest investment firms in the world. For years, it focused on traditional investments like stocks, bonds, and retirement accounts. But with the rise of Bitcoin and other digital assets, Fidelity expanded its services.
Fidelity does offer crypto trading, but only through its digital platform called Fidelity Crypto. This service allows investors to buy and sell Bitcoin and Ethereum, which are the two biggest cryptocurrencies today.
How Fidelity Crypto Works
Fidelity Crypto is designed for everyday investors. You can access it through the Fidelity mobile app. The platform makes it simple to open an account, transfer funds, and start buying digital assets.
Currently, the platform supports only Bitcoin and Ethereum. These coins were chosen because they are the most established and widely traded. Fidelity does not yet support smaller altcoins.
Another key point is that Fidelity does not charge a commission for crypto trades. Instead, it applies a spread of about 1 percent, which is built into the price when you buy or sell.
Safety and Security
One major concern for crypto investors is security. Fidelity has a strong reputation in the financial industry. It uses advanced protection methods to keep your assets safe. This includes cold storage for digital coins and strong account security features.
Unlike some small crypto exchanges, Fidelity is a trusted name. Many investors feel more comfortable using a firm that has decades of history in managing investments.
Limits and Restrictions
While Fidelity offers crypto, there are limits. You can only trade Bitcoin and Ethereum. If you want to explore altcoins like Solana or Dogecoin, you will need to use another exchange.
Also, Fidelity’s crypto platform is not yet available in every state. Some U.S. residents may face restrictions based on local laws. It is always best to check if your state is supported before opening an account.
Why Investors Choose Fidelity
Many investors like Fidelity because it combines traditional investing with crypto access. This means you can manage your retirement funds, stock trades, and crypto holdings all in one place.
For beginners, this is helpful because you can use a single account to build a diverse portfolio. Fidelity also provides strong educational resources, making it easier to learn about digital assets.
FAQs About Fidelity and Crypto
1. Does Fidelity sell crypto directly?
Yes, Fidelity sells Bitcoin and Ethereum through its Fidelity Crypto platform.
2. Can I trade altcoins on Fidelity?
No, Fidelity currently supports only Bitcoin and Ethereum.
3. Is there a fee for buying crypto on Fidelity?
Fidelity does not charge a separate commission, but there is a 1 percent spread added to each trade.
4. Is Fidelity Crypto available in all U.S. states?
Not yet. Some states have restrictions, so availability depends on local laws.
5. Is it safe to buy crypto through Fidelity?
Yes, Fidelity has strong security measures and a trusted reputation in the financial industry.
Final Thoughts
So, does Fidelity sell crypto? The answer is clear—yes, but only Bitcoin and Ethereum. While the options are limited, many investors value the trust, security, and simplicity that Fidelity provides.
For anyone looking to start with crypto in the United States, Fidelity can be a good choice, especially if you already use the firm for stocks or retirement accounts.
