Crypto Trading | Trade Bitcoin and Ethereum | Fidelity (2024)

FAQs

Is it safe to hold crypto on Fidelity? ›

With Fidelity Crypto, we prioritize the safety and security of your assets and personal information. We also prioritize crypto education, giving you resources and tools to grow your crypto confidence. Everything is done in house, which is not true for all crypto custodians or exchanges.

Bitcoin is primarily designed to be an alternative to traditional currencies and hence a medium of exchange and store of value. Ethereum is a programmable blockchain that finds application in numerous areas, including DeFi, smart contracts, and NFTs. In that respect, they are both the best at what they do.

How to start trading. Open a Fidelity Crypto^® account in just minutes. At the same time, we'll help you open an eligible Fidelity brokerage account—if you don't already have one—to fund your new crypto account. Tell us how much crypto you want to buy or sell as a market or limit order.

At a price of $166,000, six ETH would be worth roughly $1 million. Currently, six ETHs cost around $20,000. For reference, the entire market cap of the S&P 500 is roughly $40 trillion. Additionally, the entirety of the world's above-ground gold reserves are estimated to be worth around $16 trillion.

Our list of the next big crypto coins to explode in 2024 (x100 Bull Run) : EarthMeta ($EMT) – AI-driven Metaverse platform for decentralized governance and digital real estate. Folki ($FOLKI) – Meme coin integrating with the metaverse.

In 2023, ethereum transitioned from a proof-of-work consensus mechanism to a less energy-intensive, proof-of-stake transaction verification system. Ethereum is now a greener investment than bitcoin. But its blockchain functionality is its key differentiator.

Fidelity Digital Assets℠ charges a spread of 1% on the execution price of buy and sell transactions.

Do I need a broker to trade crypto? ›

Whether you choose a crypto broker or exchange really just depends on how experienced you are in trading, what types of trades you plan to do, and how much risk you're willing to take on. Generally, crypto exchanges are more suitable for experienced traders, while brokers are a smarter choice for beginners.

Protecting your assets

With our Customer Protection Guarantee, we reimburse you for losses from unauthorized activity in your accounts. We also participate in asset protection programs such as FDIC and SIPC to help provide the best service possible.

Fidelity Crypto

Buy and sell bitcoin and ethereum, starting with as little as $1. Trade crypto 7 days a week—23 hours a day—on our website and mobile app. Crypto is for investors with a high risk tolerance.

The safest place to store crypto is in a hardware wallet, which is a physical device that stores your private keys offline and keeps them solely under your control. A cold wallet is the most secure for long-term crypto storage. It protects against online attacks and unauthorized access.

Cryptocurrencies are still largely unregulated

If a platform that exchanges or holds your crypto assets goes bankrupt, there's a risk you could lose all your capital. Similarly, your assets could be at risk if an exchange holding your crypto is hacked by criminals.