Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
NOTE: This warning note is to inform users that Bitcoin and other cryptocurrencies are not officially supported by Fidelity Accounts. Trading in Bitcoin or other cryptocurrencies carries a high degree of risk and may not be suitable for all investors. Before deciding to trade in Bitcoin or any other cryptocurrency, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with cryptocurrency trading and seek advice from an independent financial advisor if you have any doubts. Additionally, it is important to remember that Fidelity does not store or manage your cryptocurrency assets. You are solely responsible for the storage and safekeeping of your virtual currency assets.
Fidelity Investments is an American multinational financial services corporation with headquarters in Boston, Massachusetts. The company was founded in 1946 by Edward C. Johnson II and has since grown to become one of the largest asset managers in the world with $2.
46 trillion in assets under management as of December 2018. Fidelity offers investment management, retirement planning, brokerage, and human resources services to individuals and institutions.
Can I Buy Bitcoin Through My Fidelity Account?
Unfortunately, you cannot buy Bitcoin through your Fidelity account at this time. However, Fidelity has been clear that it is interested in the cryptocurrency space and is actively exploring ways to allow its customers to access Bitcoin and other digital assets.
So it’s possible that this feature will be added in the future. For now, though, you’ll need to look elsewhere if you want to invest in Bitcoin.
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Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Fidelity Investments is one of the world’s largest financial services firms, with over $2.5 trillion in client assets. The company offers a wide range of investment products and services, including traditional brokerage and retirement accounts, as well as more specialized offerings such as hedge funds and venture capital. In recent years, Fidelity has been at the forefront of integrating new technologies into its investment offerings.
Fidelity Investments is one of the world’s largest asset managers with over $2.46 trillion in assets under management (AUM) as of December 31, 2019. The firm offers investment management, retirement planning, estate planning, financial planning, and brokerage services to individuals, families, and institutions. Fidelity does not currently offer trading in Bitcoin or any other cryptocurrency.
