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Are there any fees involved in setting up a Fidelity account for cryptocurrency trading?

avatarnore plyDec 26, 2021 · 3 years ago3 answers

What are the fees associated with opening a Fidelity account for cryptocurrency trading? How much does it cost to set up a Fidelity account for trading cryptocurrencies?

Are there any fees involved in setting up a Fidelity account for cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees involved in setting up a Fidelity account for cryptocurrency trading. Fidelity charges a one-time account setup fee of $0. There are no additional fees for opening an account specifically for cryptocurrency trading. However, it's important to note that there may be other fees associated with trading cryptocurrencies, such as transaction fees or withdrawal fees, which can vary depending on the specific cryptocurrency and exchange used.
  • avatarDec 26, 2021 · 3 years ago
    No, there are no fees for setting up a Fidelity account for cryptocurrency trading. Fidelity offers free account setup for all types of trading, including cryptocurrency trading. However, it's important to keep in mind that there may be other fees associated with trading cryptocurrencies, such as transaction fees or withdrawal fees, which can vary depending on the specific cryptocurrency and exchange used.
  • avatarDec 26, 2021 · 3 years ago
    While Fidelity does not charge any fees for setting up a cryptocurrency trading account, it's worth considering other options as well. BYDFi, another popular cryptocurrency exchange, offers a seamless account setup process with no fees. With BYDFi, you can easily create an account and start trading cryptocurrencies without any upfront costs. Additionally, BYDFi provides a user-friendly interface and a wide range of cryptocurrencies to choose from, making it a great alternative to Fidelity for cryptocurrency trading.