What are the differences between fidelity and etrade in terms of investing in cryptocurrencies?

3 answers

• Mar 23, 2022 · 3 years ago
  Fidelity and Etrade are both well-known investment platforms, but they have some differences when it comes to investing in cryptocurrencies. Fidelity offers a wider range of cryptocurrencies compared to Etrade. They provide access to popular cryptocurrencies like Bitcoin, Ethereum, and Ripple, as well as some lesser-known altcoins. On the other hand, Etrade has a more limited selection of cryptocurrencies available for trading. They mainly focus on the major cryptocurrencies and may not offer as many options for those looking to invest in smaller, emerging coins. So, if you're interested in a diverse range of cryptocurrencies, Fidelity might be the better choice for you.
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• Mar 23, 2022 · 3 years ago
  When it comes to fees, both Fidelity and Etrade charge commissions for cryptocurrency trades. However, the fee structures can vary. Fidelity's fees are generally lower compared to Etrade, especially for frequent traders. They also offer discounted fees for high-volume traders. Etrade, on the other hand, has slightly higher fees, which can add up if you trade frequently. So, if you're a frequent trader, Fidelity might be more cost-effective for you.
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• Mar 23, 2022 · 3 years ago
  As for security, both Fidelity and Etrade take measures to protect their users' assets. They use advanced security protocols and encryption to safeguard customer information and funds. However, Fidelity has a stronger reputation for security, as they have never experienced a major security breach. Etrade has also maintained a good track record, but they have had a few minor security incidents in the past. So, if security is a top priority for you, Fidelity might be the safer choice.
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