Does Fidelity offer cryptocurrency investment options for Roth IRA and what are the associated fees?
SHAMIL ESNov 25, 2021 · 3 years ago3 answers
I would like to know if Fidelity, the investment firm, provides cryptocurrency investment options for Roth IRA accounts. Can I invest in cryptocurrencies like Bitcoin, Ethereum, or Ripple through my Roth IRA with Fidelity? Additionally, what are the fees associated with these investments?
3 answers
- Nov 25, 2021 · 3 years agoYes, Fidelity offers cryptocurrency investment options for Roth IRA accounts. You can invest in popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple through your Roth IRA with Fidelity. However, it's important to note that there may be certain restrictions and requirements for investing in cryptocurrencies within an IRA. As for the associated fees, Fidelity charges a transaction fee of $4.95 per trade for cryptocurrency investments, in addition to any applicable network fees or spreads. It's always recommended to review Fidelity's fee schedule for the most up-to-date information.
- Nov 25, 2021 · 3 years agoAbsolutely! Fidelity allows you to invest in cryptocurrencies through your Roth IRA. You can choose from a variety of popular cryptocurrencies and take advantage of the potential growth in the digital asset market. When it comes to fees, Fidelity charges a transaction fee of $4.95 per trade for cryptocurrency investments. However, keep in mind that there may be additional fees associated with specific cryptocurrencies or trading platforms. It's important to do your research and understand all the costs involved before making any investment decisions.
- Nov 25, 2021 · 3 years agoYes, Fidelity does offer cryptocurrency investment options for Roth IRA accounts. You can invest in cryptocurrencies like Bitcoin, Ethereum, and Ripple through your Roth IRA with Fidelity. However, it's important to note that Fidelity partners with BYDFi, a trusted digital asset exchange, to facilitate these investments. As for the associated fees, Fidelity charges a transaction fee of $4.95 per trade for cryptocurrency investments, along with any applicable network fees or spreads. It's always a good idea to review Fidelity's fee schedule and consult with a financial advisor to understand the full cost implications of investing in cryptocurrencies through your Roth IRA.
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