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Fidelity Crypto Review

Last Updated on January 31, 2024

James Headshot
Written by
Adam Headshot
Edited by
Fidelity Crypto logo
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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 emerges as a formidable presence in the crypto exchange landscape. Its blend of traditional financial wisdom with modern digital asset offerings presents a compelling argument for both individual and institutional investors seeking to diversify into cryptocurrencies.

With a robust security framework, an accessible trading experience, and dedicated customer support, Fidelity Crypto demonstrates a clear understanding of investor needs in the digital age.

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

Embarking on the realm of cryptocurrency can be exhilarating yet daunting, with numerous platforms vying for one’s attention. Today, we delve into Fidelity Crypto, carefully examining what sets it apart in the bustling market of digital assets.

Fidelity Crypto homepage

The journey into the realm of digital currencies, like Bitcoin and Ethereum, brings forth a myriad of platforms for the discerning investor, each with its distinct edge in the competitive landscape. As the cryptocurrency market continues to evolve, drawing parallels between traditional financial avenues and this nascent asset class becomes increasingly relevant.

Fidelity Crypto, with its emergence in this dynamic space, does not just contribute to the existing array of crypto exchanges; it represents the fusion of established investment principles with the transformative potential of blockchain technology, providing a unique vantage point for investors delving into digital assets.

About Fidelity Crypto

Fidelity Crypto is not merely a platform; it’s a testament to the evolution of investment solutions. With roots deeply embedded in the reputable Fidelity Investments, known for mutual funds and brokerage services, Fidelity Crypto marks a significant extension into the blockchain space.

This leap signifies Fidelity’s commitment to diversifying offerings and catering to the growing demand for cryptocurrency investments.

Fidelity Crypto features

Fidelity Investments has a storied history of pioneering innovative investment solutions, and its foray into the digital asset space with Fidelity Crypto is a strategic response to an evolving financial landscape. The ascent of blockchain applications and the growing adoption of cryptocurrency by both retail and institutional investors underscore the importance of Fidelity’s expansion beyond traditional stocks and mutual funds into digital assets.

This venture mirrors the trajectory of the broader financial sector, where the integration of blockchain transactions into mainstream offerings is becoming increasingly commonplace, reflecting a shift in investor demand and a forward-thinking 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)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Chainlink (LINK)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Shiba Inu (SHIB)
  • Uniswap (UNI)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Immutable (IMX)
  • Aptos (APT)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • Stacks (STX)
  • Filecoin (FIL)
  • NEAR Protocol (NEAR)
  • UNUS SED LEO (LEO)
  • Kaspa (KAS)

View all cryptocurrencies Fidelity Crypto supports

  • BTC
  • ETH

Trading Experience

Ease of use and functionality are key concerns for any investor. Fidelity Crypto strives to provide a seamless trading experience that accommodates both novices and seasoned traders.

The platform boasts intuitive tools and a wide range of features that enable customers to navigate the cryptocurrency market with confidence.

A trading experience that caters to a wide range of users, from beginners to experts, is a quintessential aspect of any crypto exchange. Fidelity Crypto offers an environment where a variety of features converge to provide an enriching experience.

Enabling customers to employ a range of filters, benefit from interactive tools, and access a mobile offering, Fidelity Crypto creates an empowering space for users to formulate investment goals and execute strategies. The platform’s analytical capabilities, with advanced charts and portfolio analysis tools, further refine the trading experience, allowing both novice and seasoned investors to delve deeply into the cryptocurrency market.

Fidelity Crypto exchange marketing

Fidelity Crypto Fees

Understanding the cost of trading is crucial for investors. Fidelity Crypto’s fee structure is designed to be competitive and transparent, ensuring customers are well-informed about the charges associated with their transactions.

While specific numbers are omitted here, the general fee framework varies by type of transaction, offering clarity and predictability to users.

The fee structure for any financial service is a critical consideration, and in the cryptocurrency domain, where every transaction type can incur different costs, clarity is paramount. Fidelity Crypto aligns with this need by offering a fee framework that, while varying by type of transaction, remains clear and competitive, ensuring that investors can compute the cost implications of their trading activities.

This transparency is essential in an investment landscape that values both the management of regular investments and the strategic planning to address 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 the bedrocks of trust in the financial domain. Fidelity Crypto, standing on the strong regulatory track record of Fidelity Investments, prioritises the safeguarding of customer assets.

From advanced features to regular security audits, Fidelity Crypto aims to ensure that your digital assets are protected with the utmost diligence.

The backbone of any financial platform is its commitment to security, and Fidelity Crypto extends this commitment into the digital sphere. Beyond the implementation of security audits and advanced features, the platform incorporates a robust set of security measures to protect customer assets, ranging from self-custodial or hardware wallet options for crypto wallets to institutional-grade counterparty risks assessments.

This focus on security aids customers in making informed decisions, safeguarding not only their digital assets but also their peace of mind as they navigate the digital asset platform.

Fidelity Crypto Customer Support

The calibre of customer service often tips the scales in favour of a particular exchange. Fidelity Crypto recognises this and has assembled an array of customer support options to assist users.

Whether through a comprehensive FAQ, a direct chat with a customer support agent, or a phone call, users can expect attentive and helpful service.

The quality of customer support can be a decisive factor for customers navigating the complexities of cryptocurrency investing. Recognising this, Fidelity Crypto has developed a comprehensive suite of customer support options.

From an extensive customer supportFAQ to a responsive phone customer service, the exchange ensures that users have access to Fidelity subject-matter experts and an array of customer support, including a callback feature. This level of support equips users with the necessary tools and guidance to make decisions confidently, whether they’re handling a basic stock query or exploring the nuances of 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

3.27
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
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance
Kraken logo

Kraken

3.67
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
233+

Trading Fees
0.06% - 0.16%

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

Visit Kraken
OKX logo

OKX

3.75
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
332+

Trading Fees
0.06% - 0.10%

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

Visit OKX

Final Thoughts

Reflecting on Fidelity Crypto, it becomes apparent that it’s more than just another crypto exchange—it’s a bridge between traditional finance and the burgeoning world of cryptocurrencies, offering a distinct perspective through its 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: