Fidelity Crypto^® for IRAs

Fidelity Crypto^® for IRAs is a tax-advantaged way to invest directly in crypto and add it to your retirement portfolio in a Fidelity Crypto^® Roth IRA, Fidelity Crypto^® Rollover IRA, or Fidelity Crypto^® Traditional IRA. Custody and trading of crypto are provided by Fidelity Digital Assets^®.

You can open a Fidelity Crypto^® IRA if you’re a US citizen over the age of 18 and reside in a state where Fidelity Digital Assets^® can serve customers. Fidelity Crypto^® for IRAs isn't available in California or Oregon.

Fidelity Crypto^® for IRAs supports traditional, Roth, and rollover IRA registrations. Your eligibility to contribute follows the requirements of the linked Fidelity brokerage IRA. Learn about the types of IRAs and your choices

To open a Fidelity Crypto^® IRA, you must also have a Fidelity brokerage IRA with the same registration type that will act as a funding account. You'll use the linked Fidelity brokerage IRA to move money into your Fidelity Crypto^® IRA for trading. If you don't have a Fidelity brokerage IRA, we'll open one for you at the same time we open your Fidelity Crypto^® IRA.

You can buy and sell bitcoin, ethereum, and litecoin in Fidelity Crypto^® IRAs.

All crypto assets held in Fidelity Crypto^® IRAs are custodied with Fidelity Digital Assets^®. Fidelity Management Trust Company (FMTC) is the IRA custodian.

There are no fees to open or maintain a Fidelity Crypto^® IRA or for custody of crypto. Fidelity Digital Assets^® charges a spread of 1% on the execution price of crypto buy and sell transactions. 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 commission screen. Fees are subject to change.

Your Fidelity Crypto^® IRA beneficiary designation is the same as the beneficiary designation on your linked Fidelity brokerage IRA. You can manage beneficiaries from your Fidelity brokerage IRA.

The beneficiary designations for your linked Fidelity brokerage IRA will determine who inherits assets from your Fidelity Crypto^® IRA. Spousal beneficiaries might have the choice to receive crypto assets into their own account if eligible. For spousal beneficiaries who can't or don't choose to receive crypto and for all non-spousal beneficiaries, the crypto held in your Fidelity Crypto^® IRA will be liquidated and the proceeds transferred to your Fidelity brokerage IRA for distribution to that account’s designated beneficiaries.

Fidelity Digital Assets^® provides Form 5498 for Fidelity Crypto^® IRAs to report year-end valuations and Required Minimum Distribution (RMD) status. Form 1099-R is generated only when there is a direct distribution from a retirement account. Contributions and distributions are reported on tax forms for the linked Fidelity brokerage IRA.

Access the Fidelity Crypto^® IRA Customer Agreement through 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. You'll also view the customer agreement when opening an account.