How does Fidelity's automatic investing feature work for cryptocurrencies?

6 answers

• coding.penguinMar 29, 2022 · 3 years ago
  Sure! Fidelity's automatic investing feature for cryptocurrencies allows investors to set up recurring purchases of digital assets. This means that you can choose a specific amount of money to invest at regular intervals, such as weekly or monthly. Fidelity will automatically execute the purchase for you, taking advantage of dollar-cost averaging. This strategy helps mitigate the impact of short-term price fluctuations and allows you to accumulate cryptocurrencies over time. It's a convenient way to build your crypto portfolio without having to constantly monitor the market.
  581

  291
• Steffensen BuckAug 23, 2022 · 3 years ago
  Fidelity's automatic investing feature for cryptocurrencies is a great option for investors who want to take a long-term approach to their digital asset investments. By setting up recurring purchases, you can take advantage of the potential growth of cryptocurrencies over time. This feature also helps remove the emotional aspect of investing, as you don't have to worry about timing the market or making impulsive decisions. It's a disciplined approach that can help you stay on track with your investment goals.
  514

  172
• JHwan KimApr 17, 2025 · 2 months ago
  BYDFi, a digital asset exchange, also offers an automatic investing feature for cryptocurrencies. With BYDFi, you can set up recurring purchases of various digital assets, including Bitcoin, Ethereum, and more. Similar to Fidelity, BYDFi's automatic investing feature allows you to accumulate cryptocurrencies over time and take advantage of dollar-cost averaging. It's a user-friendly platform that caters to both beginner and experienced investors.
  450

  113
• Asia Y-DAug 09, 2020 · 5 years ago
  Investing in cryptocurrencies can be intimidating, but Fidelity's automatic investing feature makes it easier for beginners to get started. By setting up recurring purchases, you can gradually build your crypto portfolio without the need for extensive knowledge or constant monitoring. It's a hands-off approach that can help you navigate the volatile crypto market with ease.
  376

  76
• Paavani DhirNov 13, 2024 · 7 months ago
  Fidelity's automatic investing feature for cryptocurrencies is a game-changer for busy investors. Whether you're a working professional or simply don't have the time to actively manage your investments, this feature allows you to stay invested in the crypto market without the hassle. By automating your purchases, you can ensure that you're consistently adding to your crypto holdings and potentially benefiting from long-term growth.
  435

  73
• MrCheeseBrNov 16, 2024 · 7 months ago
  If you're considering investing in cryptocurrencies, Fidelity's automatic investing feature is definitely worth exploring. It offers a convenient and disciplined approach to building your crypto portfolio. With the ability to set up recurring purchases, you can take advantage of dollar-cost averaging and potentially benefit from the long-term growth of digital assets. It's a smart way to enter the crypto market and start investing in a systematic manner.
  458

  66