Withdrawing crypto

A withdrawal address is a unique string of letters and numbers representing a destination address where you send crypto from your Fidelity Crypto^® account. Withdrawal addresses are provided by the platform or wallet receiving the crypto. Make sure you know, trust, and have verified these addresses. Crypto transactions are final and irreversible.

Fidelity Digital Assets^® supports addresses for the following assets and networks only (subject to availability in your state):

• 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 to the external wallet.

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.

Your new withdrawal address will be activated for your Fidelity Crypto^® account in 2 to 3 business days, giving us time to confirm that it was you who added it.

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

Be wary when transferring money or crypto, especially if someone requests the transfer. Scammers use many tactics through social media and unsolicited communications (emails, texts, and calls) to access private data or your assets. How to identify phishing, fraud, and other scams

Your Fidelity Crypto^® account can have multiple withdrawal addresses for each asset.

You can withdraw crypto after a deposit is credited to your Fidelity Crypto^® account. You won’t be able to withdraw crypto that is still being processed.

You can withdraw recently purchased crypto up to the "Available to withdraw" balance. Recent funding activity and your account’s daily withdrawal limit can affect how much of your crypto is included in the "Available to withdraw" balance.

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

Fidelity Crypto^® charges a fee consistent with current network pricing, which may differ slightly from the fee that shows up on the blockchain because of network activity.

Fidelity Digital Assets^® calculates the “Available to withdraw” balances for each of your cryptocurrencies, accounting for recent funding activity and other balances and obligations. With a standard withdrawal limit, you can withdraw up to $2,000 of crypto per day. You can enable an advanced withdrawal limit of up to $25,000 per day. Withdrawal limits apply regardless of how many crypto accounts you have.

Crypto withdrawals must be large enough to pay the transfer fees imposed by the network. The receiving wallet might also require a minimum deposit amount.

An authenticator app is a trusted third-party app that provides an extra layer of security for higher withdrawal amounts. Most authenticator apps (e.g., Microsoft Authenticator, Google Authenticator, Twilio, Authy, and Duo) are supported.

Withdrawal confirmations can take up to an hour to complete. You’ll be able to track your transaction on the blockchain. Times can fluctuate depending on network conditions. Before a transfer is debited for withdrawal from your Fidelity Crypto^® account, Fidelity Digital Assets^® will send it to the blockchain, where it will be confirmed on the network.

You can donate crypto from your Fidelity Crypto^® account to Fidelity Charitable^® if the state you live in allows third-party transfers.

Crypto withdrawals aren't reportable for taxes but can incur network fees which are paid from the amount of your transfer, effectively selling crypto to pay those fees. These sales transactions are recorded in Form 1099-DA and in the Gain/Loss Summary for your Fidelity Crypto^® account. Check with your tax advisor to determine how crypto transactions could affect your taxes. Fidelity does not provide legal or tax advice.

You can’t specify which tax lots to withdraw from your Fidelity Crypto^® account. Tax lots are disposed according to the first in, first out (FIFO) method. Check with your tax advisor to determine how crypto transactions could affect your taxes. Fidelity does not provide legal or tax advice.

You may sometimes have a trace amount of crypto in your account that’s less than the fee required to transfer it out. This trace amount, also referred to as ”dust,” will still appear in statements and can prevent you from closing your account. To resolve the trace amount, you can buy or deposit enough crypto into your account to allow a withdrawal for the entire amount (less the fee), or you can forfeit a trace amount when closing your account by calling Fidelity Digital Assets^® at 800-343-3548 and requesting “close my crypto account.”

You can activate a money transfer lock on your Fidelity Crypto^® account to block money and crypto withdrawals.