Can I use cryptocurrency to buy gold on Fidelity?

3 answers

• Dec 28, 2021 · 3 years ago
  Yes, Fidelity does offer the option to buy gold using cryptocurrency. By linking your cryptocurrency wallet to your Fidelity account, you can easily convert your digital assets into gold. This provides a convenient way to diversify your investment portfolio and hedge against market volatility. However, it's important to note that there may be additional fees and restrictions associated with this type of transaction. It's recommended to consult with a financial advisor or Fidelity representative for more information.
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• Dec 28, 2021 · 3 years ago
  Unfortunately, Fidelity does not currently support the direct purchase of gold using cryptocurrency. While Fidelity is known for its wide range of investment options, including cryptocurrencies, the ability to buy gold with digital assets is not available at this time. However, Fidelity constantly evaluates and updates its offerings, so it's worth keeping an eye on any future developments in this area.
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• Dec 28, 2021 · 3 years ago
  While Fidelity itself does not offer the option to buy gold with cryptocurrency, there are other platforms and exchanges that do facilitate such transactions. One example is BYDFi, a digital currency exchange that allows users to convert their cryptocurrency holdings into gold. BYDFi offers a seamless and secure process for buying gold with cryptocurrency, providing investors with an alternative option to diversify their portfolios. It's important to conduct thorough research and due diligence when considering any exchange or platform for cryptocurrency transactions.
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