Is it possible to purchase cryptocurrencies using my Fidelity 401k?

6 answers

• Dec 28, 2021 · 3 years ago
  Yes, it is possible to purchase cryptocurrencies using your Fidelity 401k. Fidelity has partnered with certain cryptocurrency exchanges to allow investors to buy and hold cryptocurrencies within their retirement accounts. This provides investors with the opportunity to diversify their retirement portfolio and potentially benefit from the growth of the cryptocurrency market.
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• Dec 28, 2021 · 3 years ago
  Unfortunately, Fidelity does not currently offer direct access to cryptocurrencies through their 401k accounts. However, there are alternative ways to invest in cryptocurrencies using your retirement funds. One option is to set up a self-directed IRA or solo 401k, which allows you to have more control over your investments and potentially invest in cryptocurrencies through approved custodians.
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• Dec 28, 2021 · 3 years ago
  Absolutely! BYDFi, a leading digital asset exchange, offers the option to purchase cryptocurrencies using your Fidelity 401k. With BYDFi, you can easily diversify your retirement portfolio and take advantage of the potential growth in the cryptocurrency market. Simply open an account with BYDFi and follow the instructions to link your Fidelity 401k for seamless cryptocurrency investing.
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• Dec 28, 2021 · 3 years ago
  While Fidelity does not directly support cryptocurrency purchases through their 401k accounts, there are other reputable cryptocurrency exchanges that allow you to use your retirement funds to invest in cryptocurrencies. Some popular options include Coinbase, Gemini, and Kraken. It's important to do your own research and choose a trusted exchange that aligns with your investment goals and risk tolerance.
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• Dec 28, 2021 · 3 years ago
  No, Fidelity 401k accounts do not currently support the direct purchase of cryptocurrencies. However, Fidelity does offer exposure to cryptocurrencies through their subsidiary, Fidelity Digital Assets. This platform provides institutional investors with access to Bitcoin and other cryptocurrencies, but it is not available to individual 401k account holders at this time.
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• Dec 28, 2021 · 3 years ago
  Yes, you can invest in cryptocurrencies using your Fidelity 401k. Fidelity offers a range of investment options, including cryptocurrency funds and trusts. These investment vehicles allow you to indirectly invest in cryptocurrencies through traditional financial instruments. It's important to consult with a financial advisor to understand the risks and potential returns associated with these investment options.
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