How does fidelity automatic investing work with cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Fidelity automatic investing with cryptocurrencies allows investors to set up recurring purchases of digital assets. This means that you can choose a specific cryptocurrency, such as Bitcoin or Ethereum, and Fidelity will automatically purchase it for you at regular intervals. This can be a convenient way to build your cryptocurrency portfolio over time without having to constantly monitor the market and manually make purchases. It's important to note that automatic investing does not guarantee profits and the value of cryptocurrencies can be volatile. However, it can be a useful strategy for long-term investors who believe in the potential of cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  Fidelity's automatic investing feature for cryptocurrencies works by linking your Fidelity account to a digital wallet. You can choose the amount of money you want to invest and the frequency of the purchases. Fidelity will then execute the purchases on your behalf, based on your chosen parameters. This feature is designed to make it easier for investors to regularly invest in cryptocurrencies without the need for constant manual intervention. It's important to do your own research and understand the risks associated with investing in cryptocurrencies before using this feature.
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• Dec 26, 2021 · 3 years ago
  With BYDFi's automatic investing feature, you can set up recurring purchases of cryptocurrencies directly from your BYDFi account. This feature is similar to Fidelity's automatic investing and allows you to build your cryptocurrency portfolio over time. BYDFi offers a wide range of cryptocurrencies to choose from, and you can customize the frequency and amount of your purchases. It's a convenient way to invest in cryptocurrencies without the need for constant monitoring and manual buying. However, as with any investment, it's important to carefully consider your risk tolerance and do your own research before using this feature.
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