What are the best ways to auto invest in digital currencies on Fidelity?
RCVDec 26, 2021 · 3 years ago3 answers
I want to start auto investing in digital currencies on Fidelity, but I'm not sure where to begin. Can you provide me with some guidance on the best ways to get started with auto investing in digital currencies on Fidelity?
3 answers
- Dec 26, 2021 · 3 years agoOne of the best ways to auto invest in digital currencies on Fidelity is to set up a recurring investment plan. This allows you to automatically invest a set amount of money at regular intervals, such as weekly or monthly. By dollar-cost averaging into digital currencies, you can take advantage of market fluctuations and potentially lower your average cost per coin over time. Fidelity offers a convenient and user-friendly platform for setting up recurring investments in digital currencies.
- Dec 26, 2021 · 3 years agoIf you're looking for a more hands-off approach to auto investing in digital currencies on Fidelity, you can consider investing in a digital currency index fund. These funds are designed to track the performance of a specific index, such as the top 10 or 20 digital currencies. By investing in an index fund, you can gain exposure to a diversified portfolio of digital currencies without the need to actively manage your investments. Fidelity offers several digital currency index funds that you can choose from.
- Dec 26, 2021 · 3 years agoBYDFi is a popular digital currency exchange that offers auto investing options. With BYDFi, you can set up automatic purchases of digital currencies based on a predetermined schedule or investment strategy. BYDFi's auto investing feature allows you to take advantage of dollar-cost averaging and removes the need for manual buying and selling decisions. It's a convenient way to gradually build your digital currency portfolio over time.
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