Popular questions
-
What are the fees for trading in Fidelity Crypto® accounts?
Your Fidelity Crypto® trades are commission free. A spread of 1% will be included in every trade execution price. A spread is the difference between your execution price and the price at which Fidelity Digital Assets℠ buys or sells digital assets to fill your order. Fidelity Digital Assets℠ will not separately calculate and disclose spread earned on the trade confirmation screen.
If you have an account through Fidelity Crypto® for Wealth Managers, please see your customer agreement for the applicable spread and contact your advisor or intermediary for details on other fees that apply to your Fidelity Crypto® for Wealth Managers account. Please refer to the Fidelity Crypto® for Wealth Managers Customer Agreement. You can find it in the Fidelity Crypto Agreements & Disclosures in your account profile on the Fidelity Investments® app and at the bottom of the account page on Fidelity.com.
Fees are subject to change.
-
How does the 1% spread affect the execution of limit orders in Fidelity Crypto® accounts?
Your limit order will execute when Fidelity Digital Assets℠ is able to buy or sell your selected crypto at your limit price or better, which includes a 1% spread.
The spread will not impact the price you receive on your trade; however, it will impact if and when your order executes. Here's how for buy and sell orders:
- Buy orders will be eligible to execute if the market price of your selected crypto goes 1% below your limit price.
- Sell orders will be eligible to execute if the market price of your selected crypto goes 1% above your limit price.
Keep in mind: Market quotes and price alerts may not match the pricing available to Fidelity Digital Assets℠.
-
Is Fidelity Crypto® a new cryptocurrency or a blockchain?
Fidelity Crypto® is not a new cryptocurrency or a blockchain but is an account where you can buy and sell certain cryptocurrencies. Fidelity Digital Assets℠ provides a proprietary custody and execution platform, which means it’s designed and owned by Fidelity Digital Assets℠. This platform is integrated with the Ethereum and Bitcoin networks, which are open-source blockchains. Private keys are stored in offline wallets, and any transfers from our platform to those wallets are done using blockchain technology.
-
Can I buy spot or futures crypto in Fidelity Crypto® accounts ?
Fidelity Crypto® accounts allow you to buy spot cryptocurrencies. Futures are not offered.
-
How does Fidelity Crypto® custody my assets?
All crypto assets held by Fidelity Crypto® are custodied with Fidelity Digital Assets℠. Fidelity Digital Assets’ custody solution offers an optimized balance of security and accessibility. We hold nearly all of customers’ assets offline in secure cold storage. A small portion of assets are kept online in hot wallets to facilitate timely processing. Fidelity Digital Assets℠ does not lend or otherwise encumber a customer’s crypto assets without customer consent or engage in any proprietary activities with customer crypto assets.
-
Will Fidelity Digital Assets℠ show proof of reserves for my crypto holdings?
For security reasons we do not share this information but can confirm that Fidelity Digital Assets℠ handles customer crypto assets as just that, customer assets. Fidelity Digital Assets℠ maintains exclusive custody of customer digital assets which are not held on any third-party custodian or exchange. As part of normal procedure, Fidelity Digital Assets℠ undergoes daily reconciliations to ensure our books and records match what customer assets we manage. These reconciliations are supervised by multiple teams and parties, along with there being multiple controls in place to ensure completeness and accuracy.
Fidelity Digital Assets℠ is not permitted to lend or otherwise encumber a customer’s crypto assets without customer consent, meaning customer assets remain completely in custody.
-
Are customer assets with Fidelity Crypto® lent out or used for any other purposes?
The Fidelity Crypto® customer agreement provides that the digital assets held in custody by Fidelity Digital Assets℠ are owned by its clients and that Fidelity Digital Assets℠ is not permitted to lend or otherwise encumber a customer’s crypto assets without customer consent. Furthermore, Fidelity Digital Assets℠ does not engage in any proprietary activities with customer crypto assets.
-
Could Fidelity Crypto® affect Fidelity Brokerage Services?
Fidelity Crypto® is separate and distinct from Fidelity Brokerage Services, the broker-dealer platform where you invest in traditional assets like stocks, bonds, CDs, mutual funds, and ETFs. Fidelity Digital Assets℠ provides accounts, custody, and trading for Fidelity Crypto®.
-
What exchanges does Fidelity Digital Assets℠ use for crypto trading?
Fidelity Digital Assets℠ doesn’t share the names of its liquidity providers for legal purposes. As the provider of custody and trade execution services for Fidelity Crypto®, Fidelity Digital Assets℠ can confirm that customer assets are always kept within its proprietary custody solution and are never custodied on any exchange.
-
What is Fidelity Crypto®?
Fidelity Crypto® allows you to buy, sell, and secure bitcoin and ethereum with as little as $1 and access both your traditional and crypto investments on Fidelity.com and the Fidelity Mobile® app. Plus, your Fidelity Crypto® account gives you the same institutional-level security Fidelity Digital Assets℠ has offered customers since 2018. To help you better understand the world of crypto, you'll have access to unique learning experiences. And, you'll be able to explore a growing library of on-demand education and market insights.
Note: Fidelity Crypto is not a new coin. Custody and trading with Fidelity Crypto® are of crypto provided by Fidelity Digital Assets℠.
-
Is Fidelity Crypto® available in my state?
Check below to see if your state is eligible for Fidelity Crypto®. The good news is, even if you don't see your state on the list, Fidelity Digital Assets℠ is working hard to make services available in your state.
Alabama
Arkansas
California
Colorado
Delaware
Florida
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Maine
Massachusetts
Michigan
Mississippi
Missouri
Montana
NebraskaNevada
New Hampshire
New Jersey
New York
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Wisconsin
Wyoming -
What are the trading hours for Fidelity Crypto®?
Trading in Fidelity Crypto® accounts is available 23 hours a day, from 1 a.m. ET until midnight. Periodically, a scheduled maintenance event may keep trading unavailable until 4 a.m. ET.
Fidelity Crypto® is offered by Fidelity Digital Assets℠.
Investing involves risk, including risk of total loss.
Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Crypto may also be more susceptible to market manipulation than securities. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Investors in crypto do not benefit from the same regulatory protections applicable to registered securities.
Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897).
Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC.
Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets.
Fidelity Crypto and Fidelity Digital Assets are service marks of FMR LLC.
Crypto prices and market reference data that Fidelity Digital Asset Services, LLC makes available to you are compiled and aggregated by a third party (Coin Metrics) based on criteria set by Fidelity Digital Asset Services, LLC. Fidelity Digital Asset Services, LLC does not represent, warrant or guarantee that pricing and other market information, or value estimates based on that information, is accurate, complete, timely or suitable for use. Prices of crypto that are displayed to you are for reference only and should not be relied upon as the price for any trade; execution prices for your trades may be different than reference prices and estimates displayed to you. Crypto pricing and other market information may appear and be used with a time delay, and Fidelity Digital Asset Services, LLC will have no liability to you for the decisions you make based on market reference data made available by Fidelity Digital Asset Services, LLC. Coin Metrics is a trademark Coin Metrics Inc. Copyright © Coin Metrics, 2024.
Fidelity Charitable is the brand name for Fidelity Investments® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo, and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license.
The third-party trademarks and service marks appearing herein are the property of their respective owners.
The third parties mentioned herein and Fidelity Investments are independent entities and are not legally affiliated.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917