How to buy and sell crypto at Fidelity

Fidelity Investments published a livestream segment, part of its Covering Crypto series, explaining how retail clients can buy and sell cryptocurrency through Fidelity Crypto, which is offered by Fidelity Digital Assets. Host Jim Armstrong said the service allows investors to begin with as little as $1, while stressing that the appropriate amount depends on individual risk tolerance, loss capacity, and the rest of the portfolio. Coins available through the service are listed on Fidelity.com/Crypto.

Dan Chodos, walking through the Fidelity mobile application, demonstrated the process. He noted that the app is available from the Apple App Store and Google Play, and that users should install the latest version for access to current features. From the All Accounts Summary, he navigated to a crypto account holding $110 in total, with $82.92 of free funds available to trade. Within the Positions tab, a tradable coins list, which Chodos described as dynamic and updated for coins currently available, leads to a quote page showing hour, day, week, month, and year charts for each asset.

Chodos demonstrated two order types. A market buy of $10 of Bitcoin was previewed, with a fee shown on the trade ticket that can be examined via an info icon, and then filled at the next available price. He then demonstrated a limit sell, in which the user specifies the price per coin at which the order will execute. With Bitcoin trading at $79,227, he set a limit at $80,830, roughly 2% above the prevailing price, for a $10 order, and noted that the order would fill at that price unless it expired. Orders can be denominated in dollars or in the native currency, and the demonstration was conducted on the mobile app, with Chodos noting that the desktop platform offers a broadly similar process.

Armstrong directed viewers to Fidelity.com/CryptoHelp for frequently asked questions and educational material covering account opening, funding, trading, and cryptocurrency in general.