How does FDIC insurance apply to digital assets in Fidelity investments?
Ramachandran RamMay 01, 2022 · 3 years ago3 answers
Can 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
- May 01, 2022 · 3 years agoFDIC 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.
- May 01, 2022 · 3 years agoUnfortunately, 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.
- May 01, 2022 · 3 years agoWhile 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.
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