Placing a trade
Trading & Fees
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What are the fees for trading with Fidelity Crypto®?
Your Fidelity Crypto® trades are commission free. A spread of 1% will be included in every trade execution price. A spread is the difference between your execution price and the price at which Fidelity Digital Assets℠ buys or sells digital assets to fill your order. Fidelity Digital Assets℠ will not separately calculate and disclose spread earned on the trade confirmation screen.
If you have an account through Fidelity Crypto® for Wealth Managers, please see your customer agreement for the applicable spread and contact your advisor or intermediary for details on other fees that apply to your Fidelity Crypto® for Wealth Managers account. Please refer to the Fidelity Crypto® for Wealth Managers Customer Agreement. You can find it in the Fidelity Crypto Agreements & Disclosures in your account profile on the Fidelity Mobile® app and at the bottom of the account page on Fidelity.com.
Fees are subject to change.
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How does the 1% spread affect the execution of a Fidelity Crypto® limit order?
Your limit order will execute when Fidelity Digital Assets℠ is able to buy or sell your selected crypto at your limit price or better, which includes a 1% spread.
The spread will not impact the price you receive on your trade; however, it will impact if and when your order executes. Here's how for buy and sell orders:
- Buy orders will be eligible to execute if the market price of your selected crypto goes 1% below your limit price.
- Sell orders will be eligible to execute if the market price of your selected crypto goes 1% above your limit price.
Keep in mind: Market quotes and price alerts may not match the pricing available to Fidelity Digital Assets℠.
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What order types are available with Fidelity Crypto®?
The Fidelity Crypto® account supports market and limit orders.
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How do Fidelity Crypto® trade orders execute?
Trade orders are executed with trusted Fidelity Crypto® liquidity providers. Liquidity providers are selected using smart order routing technology, allowing Fidelity Crypto® to find the best available execution price for your trade. In some cases, Fidelity Digital Assets℠ may fill your order with multiple executions across multiple liquidity providers.
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Do I need to transfer money before buying in my Fidelity Crypto® account?
You can transfer money into your Fidelity Crypto® account while placing your buy order if your funding account has enough settled money. When an “Insufficient funds” message appears in the order review, choose “Add funds” to transfer settled money from your funding account and then continue with your order.
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What exchanges does Fidelity Digital Assets℠ use for crypto trading?
Fidelity Digital Assets℠ does not share the names of its liquidity providers for legal purposes. As the provider of custody and trade execution services for Fidelity Crypto®, Fidelity Digital Assets℠ can confirm that customer assets are not custodied on any exchange and instead are always kept within a Fidelity Digital Assets℠ proprietary custody solution.
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Why is the price on my Fidelity Crypto® order screen different from the final buy/sell price?
Your review screen has an "Estimated value" which can fluctuate based on market movement between order and execution. You'll have the exact price in your order details once your trade completes. Your limit order executes when Fidelity Digital Assets℠ can buy or sell at the price you selected, which includes a 1% spread. Market quotes and price alerts might not match the pricing available to Fidelity Digital Assets℠.
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What is the settlement time for a Fidelity Crypto® buy order?
Fidelity Crypto® buy orders settle instantly after they fill and appear in your crypto positions.
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What is the settlement time for a Fidelity Crypto® sell order?
Fidelity Crypto® sell orders settle instantly after they fill and appear in USD.
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What are the third-party liquidity providers for Fidelity Crypto®?
Fidelity Digital Assets℠ maintains a network of vetted and approved third party liquidity providers. External trading counterparties go through an extensive onboarding and risk management approval process.
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What are the requirements for Fidelity Crypto® sell orders in dollar amounts?
Due to the potential movement of the price per coin during trade execution, you can sell up to 95% of your crypto holdings when placing sell orders by dollar amount. To sell more than 95% of your crypto holdings, you can tap “Sell all” or specify the sell quantity in number of coins.
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What are the requirements for Fidelity Crypto® buy orders in coin amounts?
Due to the potential movement of the price per coin during trade execution, you can buy crypto with up to 95% of your available cash when placing buy orders in coin amounts. To buy with more than 95% of your available cash, you can enter the buy quantity in dollar amounts.
Fidelity Crypto® is offered by Fidelity Digital Assets℠.
Investing involves risk, including risk of total loss.
Crypto as an asset class is highly volatile, can become illiquid at any time, and is for investors with a high risk tolerance. Crypto may also be more susceptible to market manipulation than securities. Crypto is not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation. Investors in crypto do not benefit from the same regulatory protections applicable to registered securities.
Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Asset Services, LLC, a limited liability trust company chartered by the New York Department of Financial Services (NMLS ID 1773897).
Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC.
Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets.
Fidelity Crypto and Fidelity Digital Assets are service marks of FMR LLC.
Crypto prices and market reference data that Fidelity Digital Asset Services, LLC makes available to you are compiled and aggregated by a third party (Coin Metrics) based on criteria set by Fidelity Digital Asset Services, LLC. Fidelity Digital Asset Services, LLC does not represent, warrant or guarantee that pricing and other market information, or value estimates based on that information, is accurate, complete, timely or suitable for use. Prices of crypto that are displayed to you are for reference only and should not be relied upon as the price for any trade; execution prices for your trades may be different than reference prices and estimates displayed to you. Crypto pricing and other market information may appear and be used with a time delay, and Fidelity Digital Asset Services, LLC will have no liability to you for the decisions you make based on market reference data made available by Fidelity Digital Asset Services, LLC. Coin Metrics is a trademark Coin Metrics Inc. Copyright © Coin Metrics, 2024.
Fidelity Charitable is the brand name for Fidelity Investments® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo, and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license.
The third-party trademarks and service marks appearing herein are the property of their respective owners.
The third parties mentioned herein and Fidelity Investments are independent entities and are not legally affiliated.
Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917