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Are there any additional fees or charges when buying or selling cryptocurrencies on Fidelity?

avatarHussein AlsaeedyDec 19, 2021 · 3 years ago6 answers

Can you provide information about any additional fees or charges that may be incurred when buying or selling cryptocurrencies on Fidelity? I would like to know if there are any hidden costs or charges that I should be aware of before making any transactions.

Are there any additional fees or charges when buying or selling cryptocurrencies on Fidelity?

6 answers

  • avatarDec 19, 2021 · 3 years ago
    When buying or selling cryptocurrencies on Fidelity, it's important to be aware of any potential fees or charges that may apply. While Fidelity does not charge any commission fees for cryptocurrency trades, there may be other costs involved. For example, there may be network fees associated with transferring cryptocurrencies to and from your Fidelity account. These fees are typically determined by the blockchain network and can vary depending on network congestion and other factors. It's also worth noting that Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. Overall, it's recommended to review Fidelity's fee schedule and terms of service to understand the specific costs and charges that may apply to your cryptocurrency transactions.
  • avatarDec 19, 2021 · 3 years ago
    No worries! Fidelity doesn't charge any commission fees for buying or selling cryptocurrencies. However, keep in mind that there may be other costs involved. For instance, when you transfer cryptocurrencies to or from your Fidelity account, there may be network fees associated with the transaction. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. Additionally, Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. To get a clear understanding of the fees and charges, it's always a good idea to review Fidelity's fee schedule and terms of service.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying or selling cryptocurrencies on Fidelity, you won't have to worry about any commission fees. Fidelity doesn't charge any commissions for cryptocurrency trades. However, there are other costs that you should be aware of. For example, there may be network fees associated with transferring cryptocurrencies to and from your Fidelity account. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. Additionally, Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. It's always a good idea to review Fidelity's fee schedule and terms of service to understand the specific costs and charges that may apply to your transactions.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying or selling cryptocurrencies on Fidelity, you won't have to worry about any commission fees. Fidelity doesn't charge any commissions for cryptocurrency trades. However, there may be other costs involved. For example, there may be network fees associated with transferring cryptocurrencies to and from your Fidelity account. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. Additionally, Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. It's important to review Fidelity's fee schedule and terms of service to understand the specific costs and charges that may apply to your transactions.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying or selling cryptocurrencies on Fidelity, you won't have to worry about any commission fees. Fidelity doesn't charge any commissions for cryptocurrency trades. However, there may be other costs involved. For example, there may be network fees associated with transferring cryptocurrencies to and from your Fidelity account. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. Additionally, Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. It's important to review Fidelity's fee schedule and terms of service to understand the specific costs and charges that may apply to your transactions.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying or selling cryptocurrencies on Fidelity, you won't have to worry about any commission fees. Fidelity doesn't charge any commissions for cryptocurrency trades. However, there may be other costs involved. For example, there may be network fees associated with transferring cryptocurrencies to and from your Fidelity account. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. Additionally, Fidelity may charge a spread, which is the difference between the buy and sell prices of a cryptocurrency. This spread helps cover the costs and risks associated with providing liquidity for cryptocurrency trades. It's important to review Fidelity's fee schedule and terms of service to understand the specific costs and charges that may apply to your transactions.