Trading Cryptocurrencies at Fidelity
Points to know:
• Fidelity lets you trade three cryptocurrencies directly: Bitcoin, Ethereum, and Litecoin.
• You can also invest in crypto ETFs through a Fidelity brokerage account.
• Robinhood has more digital coins available than Fidelity.
If you want to start trading cryptocurrencies, Fidelity Investments is worth a look. The broker offers both direct and indirect ways to get crypto exposure.
Getting Ready for Crypto at Fidelity
Fidelity customers can trade Bitcoin, Litecoin, and Ethereum through crypto brokerage accounts. No other coins are available, and a separate crypto account is required.
To open a crypto account, you must also have a securities brokerage account. Both can be opened at the same time, and the process only takes a few minutes online.
If you don’t want to buy the coins directly, Fidelity offers crypto ETFs. These can be traded in a regular brokerage account without needing a crypto account.
Trading Coins at Fidelity
A good place to start is Fidelity’s mobile app. Log in and tap the Discover icon at the bottom-right. On the Discover page, scroll to the Collections section and tap the Crypto button to open the crypto hub.
The crypto hub shows news articles about digital currencies. It also includes a built-in watchlist for Bitcoin and Ethereum. Litecoin is available to trade as well, but it isn’t on the list. Just type LTC/USD in the search bar to pull up its profile.
Each crypto profile has a simple chart with up to one year of price history. Advanced charting tools are not available for crypto.
Further down the profile, you’ll see trading details like 24-hour volume, market cap, and the bid-ask spread. There is also a buy button that opens a trade ticket with market and limit order choices.
Besides the mobile app, Fidelity’s website can be used to trade cryptocurrencies. The desktop platform, Active Trader Pro, does not support crypto trading.
Researching Crypto ETFs at Fidelity
If three coins are not enough, Fidelity also has many crypto ETFs. These funds can be traded or even shorted, which is not possible with coins.
To find crypto ETFs, go to the Fidelity website and use the fund screener under the News & Research tab. Select Alternative as the asset class. Some funds won’t be crypto-related, but many will be. One example is the WisdomTree Bitcoin Fund (BTCW).
Fidelity’s profile for BTCW shows a gross expense ratio of 25 basis points, with a waiver for the same amount, making the net expense ratio zero. Its only holding is Bitcoin, worth about $411 million. The fund is considered below average in size.
How to Buy Bitcoin of Fidelity
A crypto ETF can be traded on all three Fidelity platforms: website, mobile app, or desktop program. Each has watchlists, so you can add an ETF to keep easy access to it.
Trading a crypto ETF works the same way as trading any ETF. You can use many order types, such as trailing, conditional, OCO, and OTOCO.
Pricing Schedule
Fidelity charges no commissions on ETF or cryptocurrency trades. Both have spreads, which are the trading costs. ETF spreads change with the market. For cryptocurrencies, Fidelity always charges a 1% spread on each side. Fidelity crypto and securities accounts have no fees and no minimums.
Robinhood as a Backup
If you want more than three coins to trade, Robinhood may be a better choice. In addition to Ethereum, Bitcoin, and Litecoin, Robinhood has 25 more coins available:
- Aave (AAVE)
- Avalanche (AVAX)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- BONK (BONK)
- Cardano (ADA)
- Chainlink (LINK)
- Compound (COMP)
- Dogecoin (DOGE)
- Dogwifhat (WIF)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Pepe (PEPE)
- Shiba Inu (SHIB)
- Solana (SOL)
- Steller Lumens (XLM)
- Tezos (XTZ)
- Trump (TRUMP)
- Uniswap (UNI)
- USDC (USDC)
- XRP (XRP)
To find them, type crypto in the search bar on Robinhood’s site or app and choose Tradable Crypto from the drop-down menu.
Once you see the list, click or tap on any coin to open its profile and place a trade.
Robinhood also has crypto ETFs. To find them, search crypto again and choose Crypto Commodity ETPs.
Like Fidelity,
Robinhood has zero trading fees on ETFs and cryptocurrencies. Unlike Fidelity, Robinhood charges a smaller spread on coin trades, about 0.63% per side depending on the coin.
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Fidelity Crypto Review
Fidelity is a solid option to start trading cryptocurrencies. Robinhood offers more choices and lower costs.
Updated on 9/5/2025.
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