Selling crypto

Crypto sell orders settle instantly after they fill and the proceeds appear in your Fidelity Crypto^® account USD (US dollar) position.

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 choose “Sell all” or specify the sell quantity in number of coins.

When you enter a crypto sell order in a dollar amount, the quantity of crypto you sell is increased so the total proceeds of your order (including the 1% fee) are at least the dollar amount you entered. The trading fee won't exceed 1% of the market value of your executed order. For example, a $2,500 sell order of BTC that fills at a price of $100,000 would result in a sale of 0.02525 BTC (market value of $2,525) with a fee of $25 and total proceeds of $2,500.

When you enter a crypto sell order in crypto quantity, the total proceeds of the sale is the market value of the crypto (the quantity multiplied by the price when it executes) minus the 1% fee, and your sale won’t exceed the crypto quantity you entered. The trading fee won't exceed 1% of the market value of your executed order. For example, a sell order of 1 ETH that fills at a price of $3,500 would result in a sale of 1 ETH (market value of $3,500) with a fee of $35 and total proceeds of $3,465.

By default, executed sell orders in Fidelity Crypto^® accounts are paired to tax lots in the order you purchased your crypto (first in, first out or FIFO method) unless you specify lots when placing your sell order. Check with a tax advisor to determine how crypto transactions could affect your taxes. Fidelity does not provide legal or tax advice.

You can specify which tax lots to sell in Fidelity Crypto^® accounts when choosing the quantity for sell orders. Lots can’t be reassigned after the order fills. Check with a tax advisor to determine how crypto transactions could affect your taxes. Fidelity does not provide legal or tax advice.

You can't change the specified lots in an open crypto sell order. You would need to cancel the open order and enter a new sell order with your new specified lots.