Depositing crypto

Your crypto deposit address is a unique string of letters and numbers representing a destination address for your digital assets. It's like your virtual bank account number. You’ll use a deposit address provided by Fidelity Digital Assets^® to transfer crypto into your Fidelity Crypto^® account.

You can update cost basis information for an unlimited number of tax lots for each crypto deposit. You can save cost basis information for up to 200 lots in each update, so multiple batches may be necessary.

You can deposit these cryptocurrencies in Fidelity Crypto^® accounts (subject to availability in your state). You must use the correct network for each cryptocurrency:

• BTC on the Bitcoin main (Layer 1) network
• ETH on the Ethereum main (Layer 1) network
• SOL on the Solana main (Layer 1) network
• LTC on the Litecoin main (Layer 1) network

To avoid losing assets:

• Make sure you’re sending the right crypto on the right network from the external wallet.
• Don’t deposit unsupported assets to your Fidelity Crypto^® address.
• Don’t use privacy features that obscure the origin of the crypto.

Using any privacy features (such as extension blocks, crypto mixing services, or privacy wallets) could cause your crypto deposit to be treated as an unsupported asset—subject to delays in processing, account restrictions, requirement to withdraw the crypto, or other actions as Fidelity Digital Assets^® deems necessary.

Any account restriction that affects deposits or withdrawals would make your Fidelity Crypto^® account ineligible for crypto transfers or address management. Fidelity Crypto^® IRAs are ineligible for crypto transfers.

Fidelity Digital Assets^® supports crypto transfers for Fidelity Crypto^® accounts 24 hours a day. Fidelity Crypto® IRAs are ineligible for crypto transfers. Periodically, a scheduled maintenance event can make transfers unavailable between midnight and 4 a.m. ET. Network conditions can also affect transfer availability.

You can’t cancel a crypto deposit after the transfer is submitted. Always be sure wallet addresses are correct before submitting any crypto transfer.

Cost basis information won’t automatically appear for crypto you deposit into your Fidelity Crypto^® account. When you deposit crypto, you’ll need to update the cost basis information.

Updating your cost basis for crypto deposits lets you more accurately calculate gain or loss for performance and taxes. Check with your tax advisor to determine how crypto transactions could affect your taxes. Fidelity does not provide legal or tax advice.

Cost basis information for crypto deposits would come from the wallet where you originally purchased each lot. Check your transaction history there to find the price you paid, the date acquired, and the time acquired. The date acquired should always be earlier than the date of your deposit to a Fidelity Crypto^® account.

Crediting your crypto deposit to your Fidelity Crypto^® account usually takes less than an hour for bitcoin and litecoin, and less than 10 minutes for ethereum. Times can fluctuate depending on network conditions. Your crypto deposit is credited after multiple confirmations on the network and after Fidelity Digital Assets^® does a security and safety review.

Fidelity Crypto^® doesn’t charge a fee for deposits into your Fidelity Crypto^® account. Fees are typically assessed on the platform you’re withdrawing crypto from.

Fidelity Digital Assets^® doesn’t limit the amount of supported crypto you can deposit into Fidelity Crypto^® accounts.

Fidelity Digital Assets^® currently requires a minimum of 0.0003 SOL on deposits of Solana only. While a minimum amount isn't required for deposits of other cryptocurrencies, the wallet sending crypto to your Fidelity Crypto^® account might impose minimums or network fees. Some wallets allow you to send crypto in increments smaller than what you can trade in Fidelity Crypto® accounts, which can result in trace amounts (also called “dust”) remaining after sell orders.

Crypto transfers can be tracked on the blockchain and in your pending transactions. Transaction confirmation timing can fluctuate depending on network conditions.

We strongly recommend that you complete a deposit test to validate that you’re depositing to the correct network address. Deposit a tiny amount (typically around $1 in value) into your Fidelity Crypto^® account. The wallet you’re sending from might impose a minimum amount or network fees. Confirm your deposit on the blockchain and make sure you see it in your account, and then you can deposit larger amounts.