Assets, Ethereum

Can You Buy Ethereum at Fidelity?

Fidelity, one of the largest asset managers in the world with $2.46 trillion in assets under management, has been allowing its clients to buy and sell bitcoin and ethereum since August of 2018.

However, it does not appear as though Fidelity clients are able to directly purchase ethereum with fiat currency, only with bitcoin.

This could be due to the fact that ethereum’s price is highly volatile and has been on a downward trend since early 2018. At the time of writing, ethereum is trading at $109, down from an all-time high of over $1,400 in January of 2018.

NOTE: This is a warning note about the potential risks associated with purchasing Ethereum at Fidelity. Purchasing Ether, the native cryptocurrency of Ethereum, can be a risky endeavor and should only be done with caution and research. Before buying Ethereum from Fidelity, it is important to understand the risks associated with holding digital assets such as volatility and security. Additionally, it is important to be aware of any fees associated with buying and selling Ether through Fidelity. Purchasing Ether at Fidelity may also require you to use a third party wallet or exchange, which can result in additional fees and security risks. Finally, it is important to understand that using Ethereum may involve smart contracts or other digital services that may have their own unique complexities and risks. Therefore, it is essential to do your own research before purchasing Ethereum from Fidelity or any other provider.

If you’re a Fidelity client and you want to purchase ethereum, you’ll first need to buy bitcoin and then exchange it for ethereum on a cryptocurrency exchange like Coinbase or Binance.

It’s also worth noting that Fidelity Investments CEO Abigail Johnson is a big fan of blockchain technology and has been exploring ways to use it within the company. In October of 2017, Johnson even revealed that Fidelity was mining bitcoin and ethereum.

So while you can’t directly purchase ethereum at Fidelity, it’s clear that the company is open to the idea of cryptocurrency and may offer more direct crypto-to-fiat pairs in the future. For now, if you’re a Fidelity client and you want to invest in Ethereum, you’ll need to do so indirectly.

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