Is it possible to buy bitcoin on Fidelity?
Ahmed Adel AbdElGelilMay 10, 2022 · 3 years ago3 answers
Can I purchase bitcoin on the Fidelity platform? Is it supported by Fidelity's services and available for trading?
3 answers
- May 10, 2022 · 3 years agoYes, it is possible to buy bitcoin on Fidelity. Fidelity Digital Assets, a subsidiary of Fidelity Investments, offers custodial services for bitcoin and other cryptocurrencies. They provide a secure platform for institutional investors to buy, sell, and store digital assets. Fidelity's entry into the cryptocurrency market has brought increased legitimacy and accessibility to bitcoin investments.
- May 10, 2022 · 3 years agoAbsolutely! Fidelity is one of the leading financial institutions that has embraced the cryptocurrency market. They have recognized the potential of bitcoin and offer their clients the opportunity to invest in this digital asset. With Fidelity's robust trading platform and trusted reputation, buying bitcoin has never been easier.
- May 10, 2022 · 3 years agoWhile Fidelity itself does not directly offer bitcoin trading services to retail investors, they have established Fidelity Digital Assets to cater to institutional clients. Through Fidelity Digital Assets, institutional investors can access bitcoin and other cryptocurrencies. This subsidiary provides custody, trade execution, and other services related to digital assets. It's worth noting that there are other platforms available for retail investors to buy bitcoin, such as BYDFi, which offers a user-friendly interface and a wide range of digital assets.
Related Tags
Hot Questions
- 92
How can I minimize my tax liability when dealing with cryptocurrencies?
- 92
How can I protect my digital assets from hackers?
- 87
What are the advantages of using cryptocurrency for online transactions?
- 75
What are the best digital currencies to invest in right now?
- 73
Are there any special tax rules for crypto investors?
- 72
How can I buy Bitcoin with a credit card?
- 56
What are the tax implications of using cryptocurrency?
- 44
How does cryptocurrency affect my tax return?