How do fidelity and schwab compare when it comes to offering cryptocurrency investment options?

1 answers

• Jacob AtakoraAug 27, 2023 · 2 years ago
  When it comes to cryptocurrency investment options, it's important to consider the specific needs and preferences of each individual investor. Fidelity and Schwab are both reputable platforms that offer access to cryptocurrencies, but there are some differences to be aware of. Fidelity has a wider range of supported cryptocurrencies, including popular options like Bitcoin, Ethereum, and Litecoin. Schwab, on the other hand, currently only supports Bitcoin. In terms of fees, Fidelity charges a percentage-based fee for cryptocurrency trades, while Schwab charges a flat fee per trade. Both platforms have implemented strong security measures to protect users' funds, including two-factor authentication and cold storage. Additionally, Fidelity offers a dedicated cryptocurrency trading desk for institutional investors. Overall, the choice between fidelity and Schwab will depend on factors such as the specific cryptocurrencies you're interested in, your trading volume, and your preference for fee structures and additional features.
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