fidelity Review crypto broker 2024

Our veredict

Fidelity Crypto, offered by Fidelity Digital Assets℠, is a solid option for investors seeking a trusted name in the financial industry to manage their cryptocurrency investments. The platform allows users to buy and sell Bitcoin and Ethereum with a minimum trade amount of just $1, integrated into the same app where users manage traditional investments. Fidelity’s longstanding reputation for security and reliability extends to its crypto offerings, providing institution-level security measures and customer support that includes extensive educational resources and 24/7 assistance.

However, Fidelity Crypto does have some limitations. It only supports Bitcoin and Ethereum, which might not be appealing to more experienced crypto investors looking for a broader range of digital assets. Additionally, the inability to transfer cryptocurrencies to or from external wallets restricts its usability for those who wish to use their crypto holdings for transactions or to access other blockchain services. Overall, Fidelity Crypto is best suited for beginners and traditional investors who already trust Fidelity for their financial needs and are looking for a straightforward entry into the crypto market.

Pros

Trusted Financial Brand Fidelity Crypto is backed by Fidelity Investments, a company with a long-standing reputation for reliability and security in the financial industry.
Commission-Free Trades Fidelity offers commission-free trading on crypto transactions, with a transparent 1% spread applied to each trade.
Extensive Educational Resources The platform provides a wealth of educational materials, including articles, podcasts, and webinars, to help users understand cryptocurrency better.

Cons

4,8

Threenvest Score

Fees

3,5/5

Regulated

SEC, FINRA

Why can you trust Threenvest?

At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose fidelity?

Choosing Fidelity Crypto is a strong decision for those looking to enter the cryptocurrency market with a reputable and secure platform. Fidelity Crypto is backed by Fidelity Investments, a financial services giant with a long-standing history of trust and reliability. The platform offers Bitcoin and Ethereum trading integrated seamlessly with Fidelity’s broader investment services, allowing users to manage both traditional and digital assets in one place. This integration simplifies the investment process for those new to cryptocurrency, leveraging Fidelity’s expertise and user-friendly mobile app.

Security is a paramount feature of Fidelity Crypto, providing institution-level protection measures that include advanced encryption and regular security audits. This focus on safeguarding digital assets ensures that users can invest with confidence. Moreover, Fidelity’s customer support is robust, offering 24/7 assistance and a variety of educational resources to help users make informed investment decisions. This level of support is crucial for beginners navigating the complexities of the cryptocurrency market.

Another significant advantage of Fidelity Crypto is its cost structure. The platform offers commission-free trading, with a transparent 1% spread on transactions. This pricing is competitive compared to other crypto exchanges, making it an attractive option for cost-conscious investors. Although Fidelity currently only supports Bitcoin and Ethereum, these major cryptocurrencies are a solid starting point for new investors. Overall, Fidelity Crypto is best suited for those who prioritize security, trust, and integrated financial services.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the field, I highly recommend Fidelity Crypto for those looking to dip their toes into cryptocurrency trading with a reputable platform. Fidelity brings decades of financial expertise and robust security measures to its crypto services, ensuring your investments are well-protected. The platform’s user-friendly interface and integration with traditional financial products make it an excellent choice for beginners. Plus, with no account minimums and commission-free trading (with a transparent 1% spread), it offers a cost-effective way to start investing in Bitcoin and Ethereum.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.