How can I use my fidelity brokerage account to invest in cryptocurrencies?
Restukarina KarinaMay 02, 2022 · 3 years ago1 answers
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
- May 02, 2022 · 3 years agoYes, 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.
Related Tags
Hot Questions
- 78
Are there any special tax rules for crypto investors?
- 59
What is the future of blockchain technology?
- 50
How can I buy Bitcoin with a credit card?
- 36
What are the tax implications of using cryptocurrency?
- 30
What are the best practices for reporting cryptocurrency on my taxes?
- 30
What are the best digital currencies to invest in right now?
- 26
How can I protect my digital assets from hackers?
- 25
What are the advantages of using cryptocurrency for online transactions?