Are there any fidelity forex fees waived for investing in specific cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Yes, there are ways to avoid paying fidelity forex fees when investing in specific cryptocurrencies. One option is to use a cryptocurrency exchange that offers direct trading pairs between the desired cryptocurrency and your local currency. By using this type of exchange, you can bypass the need to convert your funds through the forex market, thus avoiding the associated fees. Another option is to use a peer-to-peer trading platform that allows you to directly trade cryptocurrencies with other users, without the need for forex conversion. However, it's important to note that not all cryptocurrencies may be available for direct trading, so you should check the availability before making any investment decisions.
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• Nov 28, 2021 · 3 years ago
  Unfortunately, fidelity forex fees are not waived for investing in specific cryptocurrencies. Fidelity charges a fee for converting currencies through their forex market, regardless of the specific cryptocurrency you are investing in. This fee is typically a percentage of the transaction amount and can vary depending on the currency pair and the size of the transaction. It's important to consider these fees when planning your cryptocurrency investments on the Fidelity platform.
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• Nov 28, 2021 · 3 years ago
  While fidelity forex fees are not waived for investing in specific cryptocurrencies, there are other platforms that offer fee-free trading for certain cryptocurrencies. For example, BYDFi is a cryptocurrency exchange that allows fee-free trading for a wide range of cryptocurrencies. By using BYDFi, you can avoid paying forex fees and enjoy a seamless trading experience. However, it's important to do your own research and consider the security and reputation of any exchange before making any investment decisions.
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