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Fidelity Crypto Review

Last Updated on March 20, 2024

James Headshot
Written by
Adam Headshot
Edited by
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The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Fidelity Crypto is an impressive presence in the cryptocurrency exchange space, offering traditional financial wisdom combined with cutting-edge digital asset offerings to provide an appealing option for individual and institutional investors looking to diversify into cryptocurrency investing.

Fidelity Crypto provides investors with a robust security framework, an accessible trading experience, and exceptional customer support; each element demonstrating their deep understanding of investor needs in the digital era.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Established brand reputation
  • Wide range of investment services
  • Strong security measures
  • Educational resources for investors
  • Potential for integrating crypto with broader financial planning

Cons

  • Limited cryptocurrency selection
  • Higher fees compared to some crypto-specific exchanges
  • Potentially more complex platform for beginners
  • Limited advanced trading features
  • Customer support may not be specialized in crypto-related issues

Quick Summary

Headquarters Location Boston, Massachusetts, USA
Fiat Currencies Supported USD
Total Supported Cryptocurrencies 2+
Trading Fees 0% (but 1% on spread)
Deposit Methods Bank Transfer
Support Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

Entering the world of cryptocurrency can be both thrilling and daunting, with numerous platforms competing for our attention. Here, we explore Fidelity Crypto in more depth, exploring what sets it apart in an otherwise bustling market of digital assets.

Fidelity Crypto homepage

Digital currencies, like Bitcoin and Ethereum, offer investors numerous platforms with which they can trade digital assets – each offering its own distinct advantage in the competitive landscape. As the cryptocurrency market develops further, drawing comparisons between traditional financial avenues and this emerging asset class becomes evermore relevant.

Fidelity Crypto’s arrival into this exciting sector represents not just another crypto exchange but rather the merging of established investment practices with blockchain’s revolutionary potential, offering investors who venture into digital assets a distinct vantage point to do their due diligence and invest with confidence.

About Fidelity Crypto

Fidelity Crypto is more than a platform; it represents the evolution of investment solutions. Boasting roots within Fidelity Investments – known for mutual funds and brokerage services – Fidelity Crypto marks an exciting expansion into blockchain space.

Fidelity’s expansion demonstrates its dedication to meeting market demands for cryptocurrency investments and expanding offerings accordingly.

Fidelity Crypto features

Fidelity Investments has long been known for pioneering innovative investment solutions, and their foray into digital asset investing with Fidelity Crypto is an innovative response to an ever-evolving financial environment. The proliferation of blockchain applications and growing adoption of cryptocurrency among both retail and institutional investors demonstrate why Fidelity needs to diversify beyond traditional stocks and mutual funds to include digital assets as an area of investment expertise.

This venture mirrors the progression of blockchain transactions into mainstream offerings in the financial sector as an emerging trend, reflecting an evolving investor demand and an innovative approach to capital management.

Fidelity Crypto has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, TikTok and YouTube.

Fidelity Crypto has a mobile app on both the Apple App Store and Google Play.

Fidelity Crypto Supported Cryptocurrencies

Fidelity Crypto supports trading on over 2 cryptocurrencies on their platform. This exchange currently supports 2 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies Fidelity Crypto supports

Trading Experience

Fidelity Crypto understands the importance of user experience is for investors, which is why their mission is to provide a seamless trading experience that caters for both novices and veteran traders alike.

This platform features intuitive tools and an array of features designed to assist customers in successfully navigating the cryptocurrency market with confidence.

An accessible trading experience that supports users from novice to expert is key for any crypto exchange. Fidelity Crypto provides an environment that integrates various features to provide an enjoyable trading experience for all its users.

Fidelity Crypto is designed to empower customers by providing filters, interactive tools, and mobile access – creating an accessible space to define investment goals and execute strategies. Fidelity’s analytical capabilities with advanced charts and portfolio analysis tools add depth to trading experience for both novice and seasoned investors looking to explore more deeply into cryptocurrency market.

Fidelity Crypto exchange marketing

Fidelity Crypto Fees

Fidelity Crypto is committed to offering competitive and transparent fees that ensure investors understand the charges associated with their trades. Their fee structure was designed with this goal in mind, to keep customers fully informed.

Although specific numbers have been left out here, a general fee structure will differ based on the type of transaction and provide clarity and predictability to users.

Fidelity Crypto is committed to offering financial services with transparent fee structures that meet this need, offering transparent fee structures which vary based on transaction type and remain clear and competitive – helping investors understand the cost implication of trading activities.

Transparency is of vital importance in an investment environment that recognizes both regular investment strategies and strategic tax-planning to cover capital gains tax considerations.

Type Fee
Deposit Fee (Bank Transfer) 0%
Trading Fee 0% (but 1% on spread)
Withdrawal Fee (Bank Transfer) 0%

Security - Is Fidelity Crypto Safe?

Security and regulation are cornerstones of trust in the financial sphere, and Fidelity Crypto, built on its proven regulatory record at Fidelity Investments, places a top priority on protecting customer assets.

Fidelity Crypto strives to safeguard your digital assets with extreme care. From advanced features to regular security audits, Fidelity Crypto provides advanced protection measures designed to guarantee maximum safeguarding.

Fidelity Crypto is unwavering in its dedication to security, which extends into the digital sphere. Beyond providing audited security measures and advanced features, this platform also incorporates comprehensive protection measures designed to safeguard customer assets ranging from self-custodial or hardware wallet options for crypto wallets to institutional-grade counterparty risk assessments.

Security-minded customers are aided in making informed decisions, protecting not only their digital assets but also maintaining peace of mind when exploring a digital asset platform.

Fidelity Crypto Customer Support

Fidelity Crypto acknowledges this reality and offers various support options to its users to ensure a pleasant trading experience.

Users can rely on attentive and helpful service whether navigating an exhaustive FAQ list, connecting directly with customer support agents via chat or making phone calls to receive attentive and beneficial service.

Customer support can make the difference for customers navigating the complexities of cryptocurrency investing, so Fidelity Crypto has established an extensive array of customer support options.

From an extensive customer supportFAQs to responsive phone customer service, the exchange ensures users can access Fidelity subject-matter experts as well as various forms of customer support (such as callback feature) to make decisions with confidence, whether dealing with basic stock queries or exploring crypto assets. This level of assistance equips users with all they need to make sound choices when investing their capital or investigating new nuances associated with crypto assets.

Fidelity Crypto support

Fidelity Crypto Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on Fidelity Crypto

  1. Create Account - Visit the Fidelity Crypto website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you'll be able to deposit using the deposit methods listed below.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay

Fidelity Crypto Alternatives

Binance logo

Binance

3.23
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
253+

Trading Fees
0.08% - 0.40%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

Visit Kraken
OKX logo

OKX

3.57
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
365+

Trading Fees
0.08% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Fidelity Crypto is more than a typical crypto exchange; it offers a vital link between traditional finance and the emerging cryptocurrency world, providing unique perspective through their experience and heritage in investment expertise.

Fidelity Crypto FAQs

Fidelity does not specifically insure cryptocurrencies like bitcoin. While Fidelity is known for providing insurance on cash and securities through schemes like SIPC and FDIC on eligible accounts, these protections do not extend to digital assets such as cryptocurrencies.

As of my last update, individual investors cannot directly hold bitcoin in a standard Fidelity brokerage account. Fidelity does offer ways to gain exposure to bitcoin through certain investment products, like the Fidelity Bitcoin ETF, but these are not direct holdings of cryptocurrency in your account.

Yes, cash and securities held in Fidelity brokerage accounts are typically insured by the Securities Investor Protection Corporation (SIPC) up to $500,000, including a $250,000 limit for cash. Additionally, Fidelity has other protection plans in place, such as excess of SIPC coverage, which provides higher limits of protection.

Fidelity allows customers to gain exposure to cryptocurrencies through various investment products, such as exchange-traded funds (ETFs) and mutual funds. However, Fidelity does not offer a platform for buying or selling individual cryptocurrencies directly.

Fidelity is exploring the crypto space to meet evolving investor interests and preferences. They recognize the growing significance of digital assets in the investment landscape and are providing access to crypto-related products as part of their comprehensive financial services.

Fidelity charges fees for various services and transactions. These can include, but are not limited to, brokerage commissions, expense ratios for mutual funds and ETFs, and service fees for certain account services.

It’s important to review the specific fee schedule for the services you intend to use.

Fidelity, as a financial institution, provides research and analysis but does not typically make public predictions on the future prices of specific assets like bitcoin. Investors are encouraged to conduct their own research or consult with financial advisors to understand the potential risks and rewards of investing in cryptocurrency-related products.

You cannot hold Bitcoin directly in a typical Fidelity brokerage account. However, Fidelity does offer indirect exposure to Bitcoin through certain investment vehicles, such as their bitcoin-related ETFs and mutual funds for those interested in the cryptocurrency space.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: