What are the best fidelity rollover options for investing in cryptocurrencies?

3 answers

• Feb 18, 2022 · 3 years ago
  One of the best fidelity rollover options for investing in cryptocurrencies is to open a self-directed IRA account. With a self-directed IRA, you have the flexibility to invest in a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This option allows you to take advantage of the tax benefits of an IRA while diversifying your portfolio with cryptocurrencies. It's important to do thorough research and consult with a financial advisor to ensure this option aligns with your investment goals and risk tolerance.
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• Feb 18, 2022 · 3 years ago
  If you're looking for a more hands-off approach, another fidelity rollover option is to invest in a cryptocurrency mutual fund. Fidelity offers a few mutual funds that focus on cryptocurrencies, allowing you to gain exposure to the crypto market without the need for direct investment in individual coins. This option can be a good choice for investors who prefer a diversified approach and want professional management of their investments. However, it's important to note that mutual funds come with their own fees and expenses, so make sure to consider these factors before making a decision.
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• Feb 18, 2022 · 3 years ago
  BYDFi is a digital asset exchange that offers fidelity rollover options for investing in cryptocurrencies. With BYDFi, you can easily rollover your fidelity account into a digital asset IRA and start investing in cryptocurrencies. BYDFi provides a user-friendly platform, competitive fees, and a wide range of cryptocurrencies to choose from. It's a great option for investors who want to take control of their retirement savings and explore the potential of cryptocurrencies. Make sure to do your own research and consider your investment goals before choosing BYDFi or any other digital asset exchange.
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