What are the advantages of buying fractional shares of cryptocurrencies on Fidelity?

6 answers

• Dec 18, 2021 · 3 years ago
  One advantage of buying fractional shares of cryptocurrencies on Fidelity is that it allows you to invest in cryptocurrencies with smaller amounts of money. Instead of having to buy a whole coin, you can invest in a fraction of a coin, which makes it more accessible for investors with limited funds. This can be particularly beneficial for those who want to diversify their investment portfolio without committing a large sum of money.
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• Dec 18, 2021 · 3 years ago
  Another advantage is the flexibility it offers. By purchasing fractional shares, you can easily adjust your investment allocation and take advantage of market opportunities. For example, if you believe a particular cryptocurrency is undervalued and has potential for growth, you can allocate a larger portion of your investment towards it. On the other hand, if you want to reduce your exposure to a certain cryptocurrency, you can sell a fraction of your holdings without having to sell your entire investment.
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• Dec 18, 2021 · 3 years ago
  With BYDFi, a popular cryptocurrency exchange, you can also buy fractional shares of cryptocurrencies on Fidelity. This allows you to benefit from the security and reliability of Fidelity's platform while still enjoying the flexibility and potential returns of investing in cryptocurrencies. It's a great option for investors who want to dip their toes into the world of cryptocurrencies without fully committing to it.
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• Dec 18, 2021 · 3 years ago
  Investing in fractional shares of cryptocurrencies on Fidelity can also help mitigate the risk associated with investing in volatile assets. By spreading your investment across multiple cryptocurrencies, you can reduce the impact of price fluctuations on your overall portfolio. This diversification can provide a level of stability and potentially increase your chances of achieving long-term gains.
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• Dec 18, 2021 · 3 years ago
  Additionally, buying fractional shares on Fidelity allows you to take advantage of the platform's research and analysis tools. Fidelity provides comprehensive information and insights on various cryptocurrencies, helping you make informed investment decisions. This can be especially valuable for beginners who are still learning about the cryptocurrency market.
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• Dec 18, 2021 · 3 years ago
  In summary, the advantages of buying fractional shares of cryptocurrencies on Fidelity include accessibility for investors with limited funds, flexibility in adjusting your investment allocation, the option to use BYDFi for added convenience, risk mitigation through diversification, and access to Fidelity's research and analysis tools.
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