What are the fees associated with Fidelity Go for investing in cryptocurrencies?
Sandberg BergDec 19, 2021 · 3 years ago3 answers
Can you provide a detailed explanation of the fees associated with investing in cryptocurrencies through Fidelity Go? I would like to know the specific costs involved before making any investment decisions.
3 answers
- Dec 19, 2021 · 3 years agoWhen it comes to investing in cryptocurrencies through Fidelity Go, there are a few fees to be aware of. Firstly, there is an annual advisory fee of 0.35% of your account balance. This fee covers the management of your portfolio and the ongoing support provided by Fidelity Go. Additionally, there may be underlying fund expenses associated with the specific cryptocurrencies you choose to invest in. These expenses can vary depending on the funds and are typically included in the fund's net expense ratio. It's important to review the prospectus or offering documents of the funds you're interested in to understand these costs. Lastly, it's worth noting that there may be transaction fees or other charges associated with buying or selling cryptocurrencies on the Fidelity Go platform. These fees can vary depending on the specific transactions and are typically disclosed during the transaction process. Overall, it's important to carefully consider these fees and expenses when evaluating the potential returns of investing in cryptocurrencies through Fidelity Go.
- Dec 19, 2021 · 3 years agoInvesting in cryptocurrencies through Fidelity Go comes with a few fees that you should be aware of. Firstly, there is an annual advisory fee of 0.35% of your account balance. This fee covers the management of your portfolio and the ongoing support provided by Fidelity Go. Additionally, there may be underlying fund expenses associated with the specific cryptocurrencies you choose to invest in. These expenses are typically included in the fund's net expense ratio and can vary depending on the funds. It's important to review the prospectus or offering documents of the funds you're interested in to understand these costs. Lastly, there may be transaction fees or other charges associated with buying or selling cryptocurrencies on the Fidelity Go platform. These fees can vary depending on the specific transactions and are typically disclosed during the transaction process. It's important to carefully consider these fees when deciding to invest in cryptocurrencies through Fidelity Go.
- Dec 19, 2021 · 3 years agoWhen investing in cryptocurrencies through Fidelity Go, you'll encounter a few fees. The annual advisory fee is 0.35% of your account balance, covering portfolio management and ongoing support. Additionally, there may be underlying fund expenses tied to the specific cryptocurrencies you choose. These expenses are typically included in the fund's net expense ratio and can vary. To understand these costs, review the prospectus or offering documents of the funds you're interested in. Lastly, transaction fees or charges may apply when buying or selling cryptocurrencies on the Fidelity Go platform. These fees vary by transaction and are disclosed during the process. Keep these fees in mind when considering Fidelity Go for your cryptocurrency investments.
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