What are the best ways to set up recurring investments in cryptocurrencies on Fidelity?

5 answers

• EndolympJan 21, 2025 · 5 months ago
  One of the best ways to set up recurring investments in cryptocurrencies on Fidelity is by using their Automatic Investment Plan (AIP). With AIP, you can schedule regular purchases of cryptocurrencies, such as Bitcoin or Ethereum, at a frequency that suits your investment strategy. This allows you to take advantage of dollar-cost averaging and reduce the impact of market volatility. To set up AIP, you'll need to have a Fidelity brokerage account and select the cryptocurrencies you want to invest in. Keep in mind that there may be fees associated with AIP, so make sure to review Fidelity's fee schedule.
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• Good PowerAug 23, 2022 · 3 years ago
  If you prefer a more hands-on approach, you can manually set up recurring investments in cryptocurrencies on Fidelity. Simply log in to your Fidelity account, navigate to the cryptocurrency section, and choose the 'Recurring Buy' option. From there, you can specify the amount, frequency, and duration of your recurring investments. This method gives you more control over your investments and allows you to adjust your strategy as needed. However, it requires more active management compared to using the Automatic Investment Plan.
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• Banks ClausenMay 22, 2021 · 4 years ago
  Another option for setting up recurring investments in cryptocurrencies is by using a third-party platform like BYDFi. BYDFi offers a user-friendly interface and allows you to automate your cryptocurrency investments on Fidelity. Simply connect your Fidelity account to BYDFi, set your investment preferences, and let the platform handle the rest. This can be a convenient option for those who prefer a more automated approach to investing. However, it's important to do your own research and ensure that BYDFi is a reputable platform before using it.
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• newOnedontJudjeMeJul 29, 2021 · 4 years ago
  Setting up recurring investments in cryptocurrencies on Fidelity can be a great way to build your cryptocurrency portfolio over time. Whether you choose to use Fidelity's Automatic Investment Plan, manually set up recurring buys, or explore third-party platforms like BYDFi, it's important to consider your investment goals and risk tolerance. Remember to stay informed about the latest market trends and adjust your investment strategy accordingly. Happy investing! 😊
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• Ibrahima SoumahJul 27, 2020 · 5 years ago
  Recurring investments in cryptocurrencies on Fidelity can be set up through their Automatic Investment Plan (AIP). This feature allows you to schedule regular purchases of cryptocurrencies, such as Bitcoin or Ethereum, at a frequency of your choice. By investing a fixed amount at regular intervals, you can take advantage of market fluctuations and potentially lower your average cost per coin. Keep in mind that there may be fees associated with AIP, so make sure to review Fidelity's fee schedule before getting started.
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