How can I use portfolio margin to invest in cryptocurrencies with Fidelity?

1 answers

• GOKUL KMay 17, 2021 · 4 years ago
  Certainly! Here's a step-by-step guide to using portfolio margin for investing in cryptocurrencies with Fidelity: 1. Open a Fidelity account: If you don't have one already, you'll need to open a Fidelity brokerage account. This can be done online or by visiting a Fidelity branch. 2. Apply for portfolio margin: Once your account is open, you'll need to apply for portfolio margin. This will allow you to borrow funds to invest in cryptocurrencies. 3. Meet the requirements: Fidelity has certain requirements for portfolio margin, such as a minimum account balance and trading experience. Make sure you meet these requirements before applying. 4. Get approved: After you submit your application, Fidelity will review it and determine if you're eligible for portfolio margin. If approved, you'll receive confirmation and can start using portfolio margin. 5. Start investing: With portfolio margin enabled, you can start investing in cryptocurrencies through Fidelity's platform. They offer a variety of cryptocurrencies to choose from. Remember to always invest responsibly and be aware of the risks associated with cryptocurrencies. Happy investing!
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