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Can settled cash in fidelity be used to purchase cryptocurrencies directly?

avatarArtur Mrwczyski MrwkaDec 26, 2021 · 3 years ago10 answers

Is it possible to use settled cash in fidelity to directly purchase cryptocurrencies? I am wondering if I can use the cash in my fidelity account to buy cryptocurrencies without having to transfer the funds to another platform. Can fidelity be used as a direct gateway to the crypto market?

Can settled cash in fidelity be used to purchase cryptocurrencies directly?

10 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, you can use settled cash in fidelity to purchase cryptocurrencies directly. Fidelity has partnered with certain cryptocurrency exchanges to provide this service. By linking your fidelity account to a supported exchange, you can use the settled cash in your fidelity account to buy cryptocurrencies without the need to transfer funds. This allows for a seamless and convenient experience for fidelity customers who are interested in investing in cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, fidelity does not currently support the direct purchase of cryptocurrencies using settled cash. To buy cryptocurrencies, you would need to transfer the funds from your fidelity account to a cryptocurrency exchange that supports fiat deposits. Once the funds are transferred, you can then use them to purchase cryptocurrencies. It's important to note that there may be fees and additional steps involved in the transfer process.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can use settled cash in fidelity to purchase cryptocurrencies directly. However, it's worth mentioning that fidelity is not the only option available. There are other cryptocurrency exchanges, such as BYDFi, that also offer the ability to use settled cash for direct cryptocurrency purchases. It's always a good idea to explore different options and compare fees and features before making a decision.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! You can use settled cash in fidelity to buy cryptocurrencies directly. It's a straightforward process that allows fidelity customers to easily enter the crypto market without the need for additional transfers. Just make sure to check if the specific cryptocurrencies you are interested in are supported by fidelity and if there are any restrictions or limitations on the amount you can invest.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can use settled cash in fidelity to purchase cryptocurrencies directly. This feature provides fidelity customers with a convenient way to diversify their investment portfolio by including cryptocurrencies. It's important to keep in mind that the availability of specific cryptocurrencies may vary, so it's recommended to check fidelity's website or contact their customer support for the most up-to-date information.
  • avatarDec 26, 2021 · 3 years ago
    No, fidelity does not currently support the direct purchase of cryptocurrencies using settled cash. However, you can transfer the funds from your fidelity account to a cryptocurrency exchange that supports fiat deposits and then use those funds to buy cryptocurrencies. It's always a good idea to research and compare different exchanges to find the one that best suits your needs.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can use settled cash in fidelity to directly purchase cryptocurrencies. This feature allows fidelity customers to easily enter the world of cryptocurrencies without the need for additional accounts or transfers. It's a convenient option for those who already have settled cash in their fidelity account and want to diversify their investments.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, fidelity does not currently offer the option to use settled cash for direct cryptocurrency purchases. However, there are other platforms and exchanges that do provide this service. It's always a good idea to explore different options and find the one that best meets your needs and preferences.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can use settled cash in fidelity to purchase cryptocurrencies directly. This feature provides fidelity customers with a seamless way to invest in cryptocurrencies without the need to transfer funds to another platform. It's important to note that fidelity may have certain restrictions or limitations on the types of cryptocurrencies available for purchase.
  • avatarDec 26, 2021 · 3 years ago
    No, fidelity does not support the direct purchase of cryptocurrencies using settled cash. To buy cryptocurrencies, you would need to transfer the funds to a cryptocurrency exchange that supports fiat deposits. It's recommended to research different exchanges and choose one that aligns with your investment goals and preferences.