Cryptocurrency Q&A
Can you sell Crypto on fidelity?
Can you sell Crypto on fidelity?
Sara
Tue Jul 09 2024
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5 answers
1013
Hello, fellow investor! I'm wondering about the availability of cryptocurrency trading on Fidelity. Do they offer the option to buy and sell cryptocurrencies such as Bitcoin, Ethereum, or others through their platform? As a professional in the field of crypto and finance, I'm curious if this major financial institution has ventured into the world of digital assets. If so, it would be a significant step in the integration of traditional finance and the emerging crypto market. I'd appreciate any insights you might have on this matter.
5 answers
Lorenzo
Thu Jul 11 2024
With regards to Fidelity's cryptocurrency offerings, it is important to note that any crypto purchased on the platform can only be liquidated through a sale, resulting in the transfer of cash proceeds.
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BlockchainBaron
Thu Jul 11 2024
This limitation means that investors seeking to withdraw their crypto holdings from Fidelity must first convert them into cash.
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MoonlitCharm
Thu Jul 11 2024
However, Fidelity also provides investors with the opportunity to trade crypto stocks and ETFs. This allows investors to gain exposure to the cryptocurrency market without directly holding the underlying digital assets.
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ethan_lewis_journalist
Thu Jul 11 2024
Trading crypto stocks and ETFs on Fidelity is commission-free, making it an attractive option for those looking to diversify their portfolios with cryptocurrency investments.
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Nicola
Wed Jul 10 2024
Furthermore, investors can trade crypto stocks and ETFs conveniently through Fidelity's website and mobile app, providing flexibility and ease of access.
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