Fidelity Crypto review
Our verdict
Fidelity offers a secure way for crypto newbies to trade crypto, but seasoned crypto enthusiasts will likely look elsewhere.
Pros
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Easy onboarding process. Signing up for a Fidelity Crypto account is relatively simple, especially if you already have other brokerage accounts with Fidelity.
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A trusted name in the financial industry. An established institution like Fidelity has a proven track record, especially compared to newcomer crypto exchanges.
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Simple buying and selling process. Fidelity Crypto’s user interface is as clear and uncluttered as its traditional asset interface, which makes buying and selling crypto on the platform less confusing than on some crypto exchanges.
Cons
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Doesn’t permit self-custody. Fidelity serves as both the broker and custodian for your crypto purchases. You can’t move your crypto from Fidelity to a crypto wallet.
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Small selection of cryptos. The platform only supports Bitcoin (BTC) and Ethereum (ETH).
Details
Product details
| Product Name | Fidelity Crypto |
| Cryptocurrencies | BTC,ETH |
| Deposit Methods |
Bank transfer (ACH) |
| Deposit Fees |
Bank transfer: $0 Fidelity Brokerage account: $0 Wire transfer: N/A Debit card: N/A Paypal: N/A |
| Withdrawal Fees |
Bank transfer: $0 Fidelity Brokerage account: $0 |
Listed crypto exchange assets
supports cryptocurrency. In total, carries 20 of the top 20 cryptos by market cap.
Popular assets onKeeping your crypto secure
All centralised exchanges, including , are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
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Frank Finder
Writer
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