Fidelity Crypto®
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What is Fidelity Crypto®?
Fidelity Crypto® allows you to buy, sell, and secure cryptocurrencies like bitcoin and ethereum with as little as $1 and access both your traditional and crypto investments on Fidelity.com and the Fidelity Investments app. Custody and trading of crypto in a Fidelity Crypto® account are provided with institutional-level security by Fidelity Digital Assets℠.
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What is Fidelity Digital Assets℠?
Fidelity Digital Asset Services, LLC (Fidelity Digital Assets℠) 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) and is a wholly-owned subsidiary of FMR LLC. Fidelity Digital Assets℠ offers an institutional-grade platform for trading and securing digital assets, beginning with bitcoin and ethereum.
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What’s the difference between Fidelity Crypto® and Fidelity Brokerage Services LLC?
Fidelity Crypto® is a cryptocurrency custody and trading service provided by Fidelity Digital Asset Services, LLC (Fidelity Digital Assets℠), 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). Fidelity Crypto® gives you the opportunity to buy, sell, and secure certain cryptocurrencies through an account with Fidelity Digital Assets℠. Fidelity Digital Assets℠ is an affiliate of Fidelity Brokerage Services LLC (FBS), a registered broker-dealer. You can engage in securities trading through an FBS account, but FBS does not offer crypto currencies or provide trading or custody for such assets.
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What cryptocurrencies can I trade in Fidelity Crypto® accounts?
You can trade bitcoin, ethereum, and litecoin in Fidelity Crypto® accounts.
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When can I trade more cryptocurrencies in a Fidelity Crypto® account?
Fidelity Digital Assets℠ continues to evaluate cryptocurrencies to expand trading opportunities with Fidelity Crypto®. As of today, bitcoin and ethereum are the top cryptocurrencies by market cap, meaning they hold the highest total value among all circulating cryptocurrencies
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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.
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Does Fidelity Crypto® offer staking?
Fidelity Crypto® doesn't offer the ability to stake your cryptocurrency. Fidelity Digital Assets℠ continues to explore additional features to enhance your experience with Fidelity Crypto®.
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What does "USD" refer to in my Fidelity Crypto® account?
USD is the currency abbreviation for US dollars and refers to the cash balance in your Fidelity Crypto® account.
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Does my Fidelity Crypto® cash balance gain interest?
Your Fidelity Crypto® cash balance doesn't gain interest. You can transfer any uninvested cash into your funding account to earn interest.
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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®.
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What is the difference between buying Fidelity® Wise Origin® Bitcoin Fund (FBTC) and buying bitcoin directly with Fidelity Crypto®?
The Fidelity® Wise Origin® Bitcoin Fund (FBTC) is an exchange-traded product offered by Fidelity Brokerage Services that seeks to track the performance of bitcoin. Learn more about FBTC. Fidelity Crypto® accounts offered by Fidelity Digital Assets℠ allow investors to directly buy, sell, and secure cryptocurrencies like bitcoin and ethereum. FBTC is for investors with a high risk tolerance and invests in a single asset, bitcoin, which is highly volatile and can become illiquid at any time. View the prospectus.
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What is the difference between buying Fidelity Ethereum Fund (FETH) and buying ethereum directly with Fidelity Crypto®?
The Fidelity Ethereum Fund (FETH) is an exchange-traded product offered by Fidelity Brokerage Services that seeks to track the performance of ether (also called ethereum). Learn more about FETH. Fidelity Crypto® accounts offered by Fidelity Digital Assets℠ allow investors to directly buy, sell, and secure cryptocurrencies like bitcoin and ethereum. FETH is for investors with a high risk tolerance and invests in a single asset, ether, which is highly volatile and can become illiquid at any time. View the prospectus.
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Can I buy crypto in my Fidelity IRA?
Fidelity Crypto® accounts are only available for nonretirement registrations.
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What is the Fidelity Crypto® background pattern?
The Fidelity Crypto® background pattern indicates when you’re interacting with your Fidelity Crypto® account or crypto market information offered by Fidelity Digital Assets℠.
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Does Fidelity Digital Asset Services, LLC or its affiliates, owners, principals, or employees have interests in the assets that it supports or is considering for support?
Fidelity Digital Asset Services, LLC (FDAS LLC), its affiliates, owners, principals, and employees (Related Persons) may from time to time have interests in the assets that FDAS LLC supports or is considering for support, and accordingly may have actual or potential conflicts of interest related to FDAS LLC’s decision to support or not support a coin. FDAS LLC and/or its Related Persons hold proprietary interests in bitcoin, ether, and litecoin.
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