Fidelity has launched a zero-fee crypto IRA, providing Americans the opportunity to invest in cryptocurrencies through various IRA types.
Fidelity's New Crypto IRA
Fidelity, one of the largest financial firms in the U.S., introduced a new offering — a no-fee crypto IRA. It allows U.S. residents aged 18+ to invest in popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) through various IRA types, including Roth, traditional, and rollover.
Secure Asset Storage
Security is at the heart of Fidelity's crypto retirement solution. All assets in the Fidelity Crypto IRA are stored in cold storage by Fidelity Digital Assets, providing significant protection by keeping digital assets offline and secure from cyber threats.
Easy Access and Tax Benefits
Combining traditional IRA structures with digital assets, Fidelity's new product opens the door to potential tax-advantaged crypto investing, letting users opt for a Roth IRA for tax-free withdrawals or a traditional IRA for upfront deductions, simplifying the alignment of financial goals with a crypto strategy.
Fidelity offers a zero-fee crypto IRA, combining traditional investment tools with innovative approaches, ensuring security and accessibility for future-minded investors.
