Is fidelity share lending turn off a recommended strategy for cryptocurrency investors?

3 answers

• Nov 25, 2021 · 3 years ago
  As a cryptocurrency investor, it is recommended to carefully consider whether to turn off the share lending feature offered by Fidelity. Share lending can provide additional income through lending out your shares to other investors, but it also carries certain risks. One risk is that if the borrower defaults, you may not receive the full value of your shares back. Additionally, share lending may not be suitable for long-term investors who prefer to hold onto their shares. It ultimately depends on your risk tolerance and investment strategy.
  546273
• Nov 25, 2021 · 3 years ago
  Turning off the share lending feature provided by Fidelity can be a good strategy for cryptocurrency investors who prioritize security and want to minimize potential risks. By opting out of share lending, you can ensure that your shares are not being borrowed by other investors, reducing the possibility of default or loss. However, it's important to note that share lending can also be a source of additional income, so if you are comfortable with the risks involved, it may be worth considering.
  498166
• Nov 25, 2021 · 3 years ago
  From BYDFi's perspective, share lending can be a beneficial strategy for cryptocurrency investors. By participating in share lending, investors can earn passive income by lending out their shares to other users. However, it is important to carefully assess the risks involved and understand the terms and conditions set by Fidelity. Share lending should be seen as an additional investment opportunity and not the sole strategy for cryptocurrency investors. It is advisable to diversify your investment portfolio and consider other factors before deciding whether to turn off the share lending feature.
  602151