common-close-0
BYDFi
Trade wherever you are!
Markets
Buy Cryptocommon-tiny-triangle-down
Tradecommon-tiny-triangle-down
Derivativeshotcommon-tiny-triangle-down
Trading Bots
Partnershipcommon-tiny-triangle-down
Reward Centercommon-new-0
Halloween Carnival Night
header-more-option
header-global
header-download
header-skin-grey-0

Are digital currencies covered by SIPCs at Fidelity?

avatarKupela PhiriNov 26, 2021 · 3 years ago3 answers

Do digital currencies, such as Bitcoin and Ethereum, receive coverage from the Securities Investor Protection Corporation (SIPC) at Fidelity?

Are digital currencies covered by SIPCs at Fidelity?
Digital Currencies
SIPCs
Fidelity

3 answers

  • avatarNov 26, 2021 · 3 years ago
    No, digital currencies are not covered by SIPCs at Fidelity. The SIPC only provides protection for cash and securities held by customers of brokerage firms in the event of the firm's failure. Since digital currencies are not considered cash or securities, they do not fall under the SIPC's coverage.
  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, digital currencies like Bitcoin and Ethereum are not covered by SIPCs at Fidelity. The SIPC's coverage is limited to cash and securities, and digital currencies do not fall into either category. It's important to keep this in mind when considering the risks associated with investing in digital currencies.
  • avatarNov 26, 2021 · 3 years ago
    While Fidelity offers a range of investment options, including digital currencies, it's important to note that SIPCs do not cover digital currencies. The SIPC's coverage is limited to cash and securities, and digital currencies are not considered securities. Therefore, it's crucial to understand the risks involved when investing in digital currencies.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions