How does fidelity automatic investment work in the cryptocurrency market?

3 answers

• Nov 27, 2021 · 3 years ago
  Fidelity automatic investment in the cryptocurrency market is a feature that allows investors to set up recurring purchases of cryptocurrencies. This means that instead of manually buying cryptocurrencies, investors can set up a schedule for regular purchases. For example, you can set up a weekly or monthly purchase of Bitcoin or Ethereum. This can be a convenient way to invest in cryptocurrencies without having to constantly monitor the market and make manual purchases. It can also help with dollar-cost averaging, as you'll be buying cryptocurrencies at different prices over time.
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• Nov 27, 2021 · 3 years ago
  Fidelity automatic investment in the cryptocurrency market works by linking your Fidelity account to a cryptocurrency exchange. Once the link is established, you can set up your investment preferences, such as the amount you want to invest and the frequency of purchases. Fidelity will then automatically execute the purchases based on your preferences. It's important to note that Fidelity only supports certain cryptocurrencies for automatic investment, so make sure to check the available options before setting up your investment plan.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers automatic investment features similar to Fidelity. With BYDFi, you can set up recurring purchases of cryptocurrencies directly from your BYDFi account. The process is similar to Fidelity, where you can choose the amount and frequency of your purchases. BYDFi will then execute the purchases automatically based on your preferences. This feature can be a convenient way to invest in cryptocurrencies regularly without the need for manual intervention.
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