What Crypto Can I Buy on Fidelity: Updated Guide
For those interested in expanding their investment portfolio with digital assets, the question what crypto can I buy on Fidelity is top of mind. This article provides a clear overview of the cryptocurrencies currently supported by Fidelity, recent industry updates, and essential tips for new and experienced crypto investors. By reading on, you'll gain actionable insights into Fidelity's crypto offerings and how to make informed decisions in this evolving market.
Fidelity's Crypto Offerings: Current Supported Assets
As of June 2024, Fidelity has positioned itself as a major player in the digital asset space, primarily focusing on Bitcoin (BTC) and Ethereum (ETH) for retail and institutional clients. According to a Fidelity Digital Assets update dated May 2024, these two cryptocurrencies remain the only directly purchasable assets on the platform for most users. This aligns with Fidelity's cautious approach to regulatory compliance and risk management.
Fidelity's crypto trading service allows users to:
- Buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through their brokerage accounts
- Access secure custody solutions for supported assets
- Monitor real-time market data and portfolio performance
While other cryptocurrencies such as Solana (SOL), Cardano (ADA), and Polygon (MATIC) are popular in the broader market, they are not currently available for direct purchase on Fidelity as of this writing. Users seeking broader asset exposure may consider alternative platforms, but should always prioritize security and regulatory compliance.
Industry Trends and Regulatory Landscape
The question what crypto can I buy on Fidelity is shaped by ongoing regulatory developments and market trends. In April 2024, the U.S. Securities and Exchange Commission (SEC) maintained a cautious stance on expanding crypto offerings for retail investors. As a result, Fidelity has limited its supported assets to those with the highest market capitalization and regulatory clarity.
According to CoinGecko data from June 2024, Bitcoin and Ethereum together account for over 60% of the total crypto market capitalization, making them the most widely adopted and liquid assets. Fidelity's focus on these coins reflects both investor demand and a commitment to compliance.
Institutional adoption is also accelerating. A Fidelity Institutional report from May 2024 highlights that over 30% of U.S. financial advisors now recommend Bitcoin or Ethereum exposure to clients, up from 22% in 2023. This trend supports the continued prioritization of these assets on regulated platforms like Fidelity.
User Considerations: Security, Fees, and Platform Features
When evaluating what crypto can I buy on Fidelity, users should consider several key factors:
- Security: Fidelity employs institutional-grade custody solutions, including cold storage and multi-signature protocols, to protect client assets.
- Fees: As of June 2024, Fidelity charges a 1% transaction fee for crypto trades, with no additional custody or account maintenance fees for supported assets.
- Accessibility: Crypto trading is available through the Fidelity mobile app and web platform, with educational resources for beginners.
- Wallet Integration: For users seeking greater control, transferring assets to a secure wallet such as Bitget Wallet is recommended after purchase.
It's important to note that Fidelity does not currently support staking, DeFi, or NFT-related activities. Users interested in these features should research alternative platforms, always prioritizing regulatory compliance and asset security.
Common Misconceptions and Risk Management
Many new investors assume that all major cryptocurrencies are available on every platform. However, what crypto can I buy on Fidelity is determined by strict regulatory guidelines and internal risk assessments. Only Bitcoin and Ethereum are supported for direct purchase, and this may change as the regulatory environment evolves.
Users should also be aware of the risks associated with digital asset investments, including price volatility, regulatory uncertainty, and potential security threats. Fidelity provides educational resources to help users understand these risks and make informed decisions. For enhanced security, consider transferring assets to a reputable wallet like Bitget Wallet after purchase.
Stay Updated: Market Developments and Future Outlook
As the crypto market continues to evolve, Fidelity may expand its supported asset list in response to regulatory changes and user demand. According to a Bloomberg report from June 2024, Fidelity is actively monitoring developments in the approval of spot crypto ETFs and potential new asset listings.
For the latest information on what crypto can I buy on Fidelity, users should regularly check official Fidelity announcements and industry news. Staying informed will help you take advantage of new opportunities as they arise.
Ready to explore the world of digital assets with confidence? Start by understanding your options on Fidelity, and consider using Bitget Wallet for enhanced security and flexibility. For more tips and the latest updates, explore additional resources on Bitget Wiki.
