Fidelity cryptocurrencies investing: buying alt coins, Shiba Inu, Ripple, Stellar, Cardano, Dogecoin, Ethereum, Bitcoin, and Litecoin.

Can You Buy Crypto on Fidelity?

There is no secret that cryptocurrencies have become a popular investment vehicle for investors of all kinds. Thanks to their adoption by mainstream financial institutions, digital assets and their related products can now be accessed in a variety of ways.

At Fidelity, you can trade securities related to digital assets like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Litecoin (LTC), and many more. You can trade stocks, ETFs, and options at Fidelity, but you cannot invest directly in the crypto markets. For direct cryptocurrency market access, we recommend Webull as a crypto-friendly broker.

Read on to find out which broker might be better for you: Fidelity or Webull.

Investing in Cryptocurrencies at Fidelity

Fidelity is a full-service broker that provides a host of financial services and securities to invest in. Fidelity has not yet begun offering cryptocurrency trading, however. If you would like to take part in the cryptocurrency markets at Fidelity, you will need to do so through one of the stock exchange-listed products on offer.

When investing in cryptocurrency products at Fidelity, there are some differences from direct crypto trading that you should be aware of.

First, since all of the available securities are listed on stock exchanges like Nasdaq and NYSE, all of the same rules apply to crypto-related trades. The PDT rule, regular and extended hours trading sessions, exchanges fees, and other similar trading restrictions apply. In contrast, trading cryptocurrencies directly allows you to buy and sell digital assets at any time of day or night, and as often as you want.

Second, trading the crypto markets from Fidelity means that you can choose between either stocks, ETFs, or options. Each investment vehicle comes with its own unique characteristics, and you should pick the one that suits your investment goals, risk appetite, and trading style.

Crypto ETFs, Stocks, & Options

Here are some of the most common ways that investors take advantage of the crypto markets at Fidelity.

ETFs & Indices

ETFs and Index investing is an easy way to benefit from crypto price movement. ETFs are baskets of ‘like-minded’ stocks and there are several ETFs available that focus on blockchain companies, miners, innovative tech, and more.

Some popular ETFs are Amplify Transformational Data Sharing (BLOK), Siren Nasdaq NexGen Economy (BLCN), VanEck Digital Assets Mining (DAM), and First Trust Indxx Innovative Transaction & Process (LEGR)

There are also Indices that are designed to track the price of a specific cryptocurrency. Greyscale provides one of the better-known Index products (GBTC). It follows the price of Bitcoin but adds a premium that investors should be aware of. There are also indices for Ethereum and Litecoin.

Fidelity Crypto


Stocks

Stock trading is one of the simplest ways for traditional investors to get involved with crypto. You can trade stocks for crypto exchanges like Coinbase, miners like Riot, or blockchain innovators like PayPal and Tesla.

Options

Options trading is a popular way to take advantage of the volatility provided by the cryptocurrency markets. At Fidelity, you can buy and sell options for stocks, and ETFs. It is also possible to create complex strategies that take advantage of the passage of time, volatility fluctuations, and many other factors.

Webull as an Alternative

To trade directly in the cryptocurrency markets, we suggest that you open a brokerage account at Webull. The broker offers all the same securities as Fidelity, and you can buy and sell cryptocurrencies like Bitcoin, Litecoin, Ethereum, and a long list of other popular digital assets.

Available Digital Assets at Webull

Here is a listing of available digital assets at Webull, taken from the broker’s website.

WeBull Available Crypto


Open WeBull Account

Grab your last chance to get 12 free stocks valued up to $30,600.

Open WeBull Account

Trading Cryptocurrencies at Webull

To trade cryptocurrencies at Webull, there are a few things to keep in mind. The first is that there are three different trading platforms that you can use. You can use the mobile app, the desktop trading platform, and the browser-based software.

Webull does a good job streamlining the trading experience across the range of available trading platforms, but there are some differences. Depending on your needs, you may prefer one over the others. The Webull app is one of the best trading apps in the industry, making it an obvious choice for serious traders on the go. The desktop and browser-based platforms provide a more immersive trading experience with excellent charting and market information.

To place a crypto trade on any of the available platforms, all that you need to do is navigate to ‘Markets’ and ‘Cryptos’. You will be presented with the full list of tradable cryptocurrencies. After that, all you need to do is select a preferred asset, view the chart, and place your trade.

WeBull Crypto Trading


Open WeBull Account

Grab your last chance to get 12 free stocks valued up to $30,600.

Open WeBull Account

Webull Advantages

There are many advantages to trading cryptocurrencies at Webull. Here are some standout features.

  • Crypto trading available 24/7
  • No trade volume restrictions (no PDT rule)
  • Trade cryptocurrencies with only $1
  • Take part in the crypto markets from your brokerage account
  • Zero-commission trading


Webull


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Updated on 3/12/2022.