Is it possible to deposit a check into a fidelity account with Bitcoin or other cryptocurrencies?

3 answers

• May 02, 2022 · 3 years ago
  Yes, it is possible to deposit a check into a fidelity account with Bitcoin or other cryptocurrencies. However, the process may not be as straightforward as converting the check amount into Bitcoin and depositing it directly. Fidelity may have specific procedures and restrictions in place for cryptocurrency deposits. It is recommended to contact Fidelity directly or refer to their official documentation for detailed instructions on how to deposit a check using cryptocurrencies.
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• May 02, 2022 · 3 years ago
  No, it is not currently possible to deposit a check into a fidelity account with Bitcoin or other cryptocurrencies. Fidelity does not support direct check deposits using cryptocurrencies. You will need to convert the check amount into a traditional currency and deposit it through the regular banking channels. It is important to follow Fidelity's guidelines and procedures for check deposits to ensure a smooth transaction.
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• May 02, 2022 · 3 years ago
  While Fidelity does not directly support check deposits using Bitcoin or other cryptocurrencies, there are alternative ways to utilize cryptocurrencies within the Fidelity ecosystem. For example, you can deposit the check amount into a cryptocurrency exchange account, such as BYDFi, and then transfer the funds to your Fidelity account. This process may involve additional fees and steps, so it's important to carefully consider the costs and benefits before proceeding.
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