Fidelity Crypto Exchange Review (2026)
Fidelity is a popular investment platform that offers crypto investments. Learn about Fidelity Crypto Exchange, including fees, crypto available, and pros/cons.
Fidelity Crypto lets you buy/hold BTC, ETH, and LTC, as well as crypto ETFs.
“Commission-free,” but a 1% spread is built into each trade.
The exchange is US-only and available in 38 states.
Ideal for mainstream, long-term investors who want crypto without the chaos.
Fidelity has been a blue-chip name in investing for nearly eight decades, and now its crypto arm lets you buy Bitcoin, Ether, and Litecoin right from the same app you use for stocks and ETFs. This review covers what Fidelity is, how Fidelity Crypto works, what you can trade, the fees you’ll actually pay, order types, features, availability by state, and who it’s best for.
What is Fidelity?
Fidelity (short for Fidelity Investments) started life in Boston in 1946, founded by Edward C. Johnson II. It went from a mutual-fund shop to a full-stack financial giant offering brokerage accounts, retirement plans, cash management, options, fixed income, wealth management, and more.
Today, the firm services tens of millions of customers, is privately held, and is led by CEO Abigail Johnson, granddaughter of the founder.
What is Fidelity Crypto?
Fidelity’s crypto journey began on the institutional side: in 2018, it launched Fidelity Digital Assets (FDAS), a New York–chartered trust company focused on custody and trade execution for Bitcoin and Ether.
Retail access followed later via Fidelity Crypto, a simple, integrated way for everyday investors to trade a short list of coins inside the main Fidelity app. The product emphasizes guardrails over “degen” features: clean onboarding, clear costs, and institutional-grade custody. In 2025, a quality-of-life update arrived, and customers can now transfer crypto in and out of Fidelity Crypto, addressing the early limitation of being a closed system.
What cryptocurrencies are available on Fidelity Crypto?
As of 2025, Fidelity supports:
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
If you prefer stock-like wrappers over holding coins directly, Fidelity also offers spot crypto ETFs in a regular brokerage account: FBTC (spot Bitcoin) and FETH (spot Ether). For broader “picks and shovels” exposure, there are thematic ETFs like FDIG (Crypto Industry & Digital Payments) and FMET (Metaverse). That mix lets you choose between owning the coins themselves or getting exposure via funds, all within the same login.
Read next: Best Crypto Exchanges
What are the fees on Fidelity Crypto?
Fidelity advertises “commission-free” crypto trades, but the real cost is a built-in 1% spread on each buy and sell.
You won’t see a separate commission line item; instead, your execution price includes the spread. There’s no account opening fee and no ongoing custody fee. If you withdraw crypto to an external wallet, you’ll pay the network fee charged by the blockchain at the time of transfer (standard across the industry).
For ETF routes like FBTC and FETH, you’ll pay each fund’s expense ratio inside a normal brokerage account.
Fidelity Crypto order types
Order entry is intentionally straightforward, which is great for beginners, but limiting for power users.
You can place market orders (execute now) and limit orders (execute at your price or better). Advanced order types, stops, OCO/OTO, and trailing stops are not currently part of Fidelity Crypto’s toolset.
Trading runs 23 hours a day, 7 days a week, with a nightly maintenance window around 12 a.m.–1 a.m. ET
Read next: Crypto Order Types
Fidelity Crypto features and usability
One-app portfolio view
Crypto lives right next to your stocks, ETFs, mutual funds, and retirement accounts. You can move dollars from a brokerage account into Fidelity Crypto and get started with as little as $1. For many long-term investors, that simplicity beats juggling multiple apps.
Transfers in and out
You can now deposit and withdraw supported coins to external wallets—useful if you self-custody, move between exchanges, or spend crypto. This was a top customer request and a meaningful upgrade in 2025.
Institutional-grade custody
Accounts are provided by Fidelity Digital Asset Services, LLC, a New York State–chartered limited-purpose trust company. Translation: it operates under bank-style oversight for its virtual-currency business. Important caveat: crypto isn’t FDIC- or SIPC-insured (your brokerage assets are, but crypto is separate).
Education & support
Fidelity leans into investor education (articles, explainers, livestreams) and has 24/7 support routes for crypto account issues via chat or phone. If you’re new to digital assets, the hand-holding is a genuine plus.
ETF alternatives built in
If you’d rather not hold the coins, you can buy spot Bitcoin/Ether ETFs (FBTC/FETH) in your standard brokerage or retirement accounts, sidestepping wallet management entirely.
Fidelity Crypto Pros and Cons
| Pros | Cons |
|---|---|
| Big-brand trust; crypto custody via an NYDFS-chartered trust company. | Very limited coin list (BTC, ETH, LTC). |
| Clean, beginner-friendly app; $1 minimum; portfolio under one roof. | No advanced order types; no on-platform staking or DeFi. |
| Clear pricing, simple 1% spread instead of a maze of fees. | Active traders may find the all-in spread pricey versus pro exchanges. |
| Easy ETF alternatives (FBTC/FETH) for those who want exposure without wallets. | Crypto isn’t FDIC/SIPC-insured; risk remains high and volatility can be severe. |
Where is Fidelity Crypto available?
Fidelity only serves US investors for retail customers. You must be a U.S. citizen and live in a state where Fidelity Digital Assets serves customers. (Institutional entities under the Fidelity Digital Assets umbrella operate in other regions, but the retail Fidelity Crypto product is domestic.)
Is Fidelity Crypto available in my state?
Fidelity Crypto supports 38 states as of July 2025:
Alabama, Arkansas, California, Colorado, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming.
Tip for retirement savers: Crypto IRAs are not available in California or Oregon, even though taxable crypto accounts are.
Read next: Most Crypto Friendly States
Is Fidelity Crypto regulated?
Yes. Fidelity Crypto is a highly regulated exchange:
Provider & charter. Retail crypto accounts are provided by Fidelity Digital Asset Services, LLC, a limited-purpose trust company chartered by the New York State Department of Financial Services (NYDFS), the same agency behind New York’s virtual-currency rules.
Protections & insurance. Your brokerage accounts fall under SEC/FINRA/SIPC frameworks, but crypto itself is not FDIC or SIPC-insured. Fidelity is explicit about this in its risk disclosures.
ETF oversight. Fidelity’s spot Bitcoin and Ether ETFs (FBTC, FETH) are U.S. exchange-traded products subject to SEC regulation and ongoing disclosure.
Read next: Does the SEC Regulate Crypto?
Is Fidelity Crypto right for you?
Choose Fidelity Crypto if you want a low-drama, integrated way to add a bit of BTC/ETH/LTC to a traditional portfolio, value brand trust, and prefer clarity over complexity. It’s especially compelling for long-term investors who like the idea of having coins and crypto ETFs in the same ecosystem, plus the option to transfer out when needed.
If you’re a power user chasing altcoin variety, advanced order types, or rock-bottom maker/taker fees, you’ll outgrow Fidelity Crypto quickly and may prefer a dedicated exchange. But for the mainstream investor who wants crypto without the chaos, Fidelity’s 2026 offering hits a very comfortable middle ground.
Don't forget the tax bill...
Your crypto transactions on Fidelity or any other crypto exchange are taxable. In the US, you'll pay Capital Gains Tax or Income Tax depending on your specific transaction and how long you've held your investment. Learn more in our crypto taxes guide, or sign up to Koinly free today to calculate your crypto taxes automatically.
