If you are in the United States and are looking to purchase Bitcoin, Ethereum or other cryptocurrencies using Fidelity Investments, you are out of luck. Unfortunately, retail users of Fidelity cannot buy, sell or even store any cryptocurrencies using the Fidelity app.
Their platform excludes everyday investors and only enables high-net worths and institutional investors to buy Bitcoin and other digital assets.
Although Fidelity has announced an intention to launch a Bitcoin ETF, it is important that investors do not use this as a way to buy Bitcoin. An ETF does not give investors real custody of their assets, so it completely defeats the purpose of buying a non-custodial asset like Bitcoin.
This means that if you purchase crypto on their application, you cannot withdraw it into an external wallet for secure storage. Other popular applications like Etrade in the United States are the same in that they still do not offer support for crypto.
If you are a US Citizen and are looking for a safe way to buy Bitcoin and other cryptocurrencies, we would recommend Coinbase as the best destination.
They are a secure trading platform that are subject to high regulatory scrutiny, given that they are publicly listed on the US Stock Market. If you sign up to Coinbase with this link, you will get $10 free BTC on your first $100 investment.
Uphold is another popular alternative in the United States, you can read more about their platform in our Uphold Review.
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