What are the options for buying crypto with my Fidelity 401k?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, you can invest in cryptocurrencies through your Fidelity 401k account. Fidelity offers a self-directed brokerage option that allows you to invest in a wide range of assets, including cryptocurrencies. You can open a self-directed brokerage account within your Fidelity 401k and then use that account to buy and sell cryptocurrencies. However, it's important to note that not all cryptocurrencies may be available for trading on Fidelity's platform. Make sure to check the list of supported cryptocurrencies before making any investment decisions.
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• Dec 27, 2021 · 3 years ago
  Absolutely! Fidelity provides a platform where you can invest in cryptocurrencies through your 401k. It's a great way to diversify your retirement portfolio and potentially benefit from the growth of the crypto market. Just keep in mind that investing in cryptocurrencies can be volatile and risky, so it's important to do your research and only invest what you can afford to lose.
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• Dec 27, 2021 · 3 years ago
  While Fidelity does offer a self-directed brokerage option for investing in cryptocurrencies, it's worth considering other options as well. One popular alternative is using a cryptocurrency exchange like Binance. Binance is one of the largest and most reputable cryptocurrency exchanges in the world, offering a wide range of cryptocurrencies for trading. By using Binance, you can have more flexibility and access to a larger selection of cryptocurrencies compared to Fidelity. However, it's important to do your own due diligence and choose a reputable exchange that aligns with your investment goals and risk tolerance.
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