What are the fees charged by Fidelity for 401k investments in cryptocurrencies?

3 answers

• Nov 29, 2021 · 3 years ago
  When it comes to investing in cryptocurrencies through a 401k account with Fidelity, it's important to be aware of the fees involved. Fidelity charges a transaction fee of X% for each cryptocurrency trade made within a 401k account. Additionally, there may be management fees associated with the overall 401k account, which can vary depending on the specific investment options chosen. It's recommended to review Fidelity's fee schedule and consult with a financial advisor to understand the complete fee structure and how it compares to other investment options.
  563282
• Nov 29, 2021 · 3 years ago
  Investing in cryptocurrencies through a 401k account with Fidelity does come with certain fees. These fees typically include a transaction fee for each trade made within the account. The exact percentage of the transaction fee may vary depending on the specific cryptocurrency being traded. Additionally, there may be management fees associated with the overall 401k account. It's important to carefully review Fidelity's fee schedule and consider the potential impact of these fees on your investment returns.
  510170
• Nov 29, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a 401k investment option for cryptocurrencies. The fees charged by BYDFi for investing in cryptocurrencies through a 401k account are competitive and transparent. They charge a transaction fee of X% for each trade made within the account, which is in line with industry standards. Additionally, there may be management fees associated with the overall 401k account, but these fees are also reasonable. It's recommended to review BYDFi's fee schedule and compare it with other investment options to make an informed decision.
  567142