Short answer: yes. Fidelity has offered a standalone product called Fidelity Crypto® since late 2022, and inside it US customers can directly buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), and Fidelity's own stablecoin, FIDD (Fidelity Digital Dollar). If you'd rather not hold coins directly, you can also buy Fidelity's spot Bitcoin ETF, ticker FBTC, in a regular brokerage or retirement account (there's a matching FETH for Ether). Those two paths give you fundamentally different things, and sorting out which one you're looking at matters more than memorizing any click-by-click sequence.
What you're actually buying
Path one is a Fidelity Crypto account. What lands in that account is real Bitcoin, custodied by Fidelity, shown as a coin balance rather than a fund share. This is a separate application from your regular brokerage account — opening a standard Fidelity account does not automatically give you access to crypto trading, you have to apply for the crypto account specifically and pass its eligibility check.
Path two is a spot ETF such as FBTC. What you own there is a fund share that tracks the price of Bitcoin. It trades, settles, and gets taxed the way any other exchange-traded fund does, and you never hold the underlying coin — you can't convert a share into on-chain BTC. A lot of people searching for how to buy Bitcoin on Fidelity are actually looking for the first option but land on the second one first, because both products show up in overlapping search results and account menus. Before you place an order, confirm whether you're on the Fidelity Crypto trading screen or a regular ETF order ticket — that single check matters more than any generic "click buy" instruction.
Who can actually open one, and where the limits show up
To open Fidelity Crypto, you need to be a US citizen at least 18 years old, living in a state where Fidelity Digital Assets can currently serve customers. The exact list of eligible states isn't fixed — Fidelity provides a live eligibility check during account opening, and that's a better source than trusting a specific state list from any article, including this one.
One detail worth calling out on its own: eligibility for the taxable Fidelity Crypto account and eligibility for the Fidelity Crypto IRA (traditional, rollover, or Roth) aren't identical. Fidelity's own account publicly confirmed, in response to a customer question, that the Fidelity Crypto IRA is not available to California or Oregon residents, even though those same residents can use the regular taxable Fidelity Crypto account. Fidelity also said at the time that the team was working to expand to more states, so treat this as a snapshot rather than a permanent rule — check what your account actually shows when you apply, not what any guide says today.
The fee structure: what "commission-free" is actually hiding
Fidelity markets Fidelity Crypto as commission-free, and technically that's true — there's no separate line-item commission charged on top of your trade. What that framing leaves out is the roughly 1% spread built directly into the execution price. When you buy, the price you pay sits about 1% above the prevailing mid-market rate; when you sell, the price you receive sits about 1% below it. That spread is how Fidelity gets paid on each transaction, and the same roughly 1% applies inside a Crypto IRA, with no extra custody or account-maintenance fee stacked on top. There's no minimum account balance required to open one, and multiple third-party reviews along with Fidelity's own marketing materials put the minimum single order at around $1, which makes it easy to test the process with a trivial amount — though you should treat the exact figure shown on your own order screen as the current truth, since minimums can shift.
Three ways to "buy Bitcoin on Fidelity," compared
| Path | What you actually own | How fees work | Can you withdraw to your own wallet | Account types |
|---|---|---|---|---|
| Fidelity Crypto (direct) | Real Bitcoin, custodied by Fidelity | ~1% spread built into the execution price, no separate commission | Yes, for actual coin holdings only, and only when the sending and receiving side use the matching blockchain network | Taxable brokerage account, or Crypto IRA (traditional/rollover/Roth) — IRA currently unavailable to CA and OR residents |
| Fidelity spot Bitcoin ETF (e.g., FBTC) | A fund share tracking Bitcoin's price, not the coin itself | Fund-level expense ratio, disclosed in the fund's own documents rather than a per-trade spread | No — you can only sell the share on the open market, not convert it into on-chain BTC | Any regular brokerage or retirement account that can hold ETFs |
| A dedicated crypto exchange (outside Fidelity) | Real Bitcoin | Varies by platform | Usually yes, with rules, fees, and settlement times that vary by platform | Independent of Fidelity's account system |
Market orders vs. limit orders: what each one actually does
Fidelity Crypto's order screen supports both market orders and limit orders. A market order fills right away at roughly the current price, so you can estimate the cost in advance, though the exact fill can drift slightly with fast-moving prices. A limit order lets you set the price you're willing to accept, and it only fills if the market reaches that level. According to Fidelity's own trading tutorial content, a limit order that hasn't been triggered by later in the trading day gets automatically canceled rather than carrying over to the next day — which surprises people who assume a limit order just sits there indefinitely until filled. If you place one, check back before the day ends to see whether it actually executed, and re-enter it the next day if you still want that price.
Can you actually move the coins off Fidelity? Here's where a lot of outdated advice gets it wrong
If you're holding real Bitcoin in a Fidelity Crypto account, you can withdraw it to an external wallet address — a fair amount of older material floating around still says this isn't possible, but based on Fidelity's current published instructions, it is. The hard rule to know: both ends of the transfer have to be on the matching network — Bitcoin has to move over the Bitcoin network, Ethereum over the Ethereum network. Picking the wrong network can permanently destroy the assets, that kind of mistake is not reversible on-chain, and Fidelity support has no way to claw it back for you. A Bitcoin transfer typically confirms in roughly ten minutes, and the network fee — paid to miners, not to Fidelity — fluctuates with how congested the network is at that moment; the platform generally shows you the estimated fee before you confirm the withdrawal. One more thing worth remembering: this withdrawal path only applies to crypto you actually hold. If what you own is FBTC shares, there is no way to "convert" them into on-chain Bitcoin and withdraw — the only exit is selling the shares on the market.
Taxes: the new form you'll be dealing with starting this year
Starting with the 2025 tax year, US brokers report crypto transactions to the IRS on a new form, 1099-DA. The 2025 version of that form only includes the sale date, quantity, and gross proceeds — it does not include your purchase date or cost basis. Starting January 1, 2026, cost basis for crypto that was bought and sold on the same platform becomes what the IRS calls "covered," meaning it starts showing up on the 1099-DA itself going forward. Fidelity also states that Fidelity Crypto customers receive a supplemental gain/loss summary in the Statements section of their account each February to help fill in the gaps. Brokers historically haven't been required to report cost basis in every situation, so keeping your own trade records is still the safer habit — treat the actual tax forms you receive, and a tax professional's advice, as the final word rather than anything summarized here.
Protection and risk: what Fidelity itself discloses
Fidelity's own site states plainly that crypto assets are not covered by FDIC or SIPC protection and don't carry the same regulatory safeguards that apply to registered securities — that disclosure comes straight from Fidelity's website, and it's worth reading carefully before you fund the account rather than assuming your coin balance is protected the same way your stock or fund holdings are. On custody, Fidelity describes its crypto storage as cold-vaulted with layered security and continuous monitoring. But a secure custodian and a safe investment are two separate things: crypto's price volatility alone can produce large losses even if the storage never has a single problem, so don't let one risk category reassure you about the other.
Where the scams actually show up
People searching for how to buy Bitcoin on Fidelity are a real target off-platform. The common patterns: search ads impersonating Fidelity's real login page, social media DMs from someone claiming to be "Fidelity support" or an advisor offering to walk you through account setup, a self-styled "trading coach" asking for your one-time verification code, or a fake support rep telling you to move coins to some other address first to "verify your wallet" or "unlock your account." None of that is how Fidelity actually operates. Anything that asks you to leave the official Fidelity app or website, hand over a verification code, or send crypto somewhere before you can "continue," should be treated as a red flag by default. Fidelity Digital Assets' real support line is 800-343-3548, staffed around the clock by phone and chat — if someone claiming to be support asks you to screen-share a code or install remote-access software, that's a scam, and you should hang up rather than try to verify it in the moment.
After the purchase: records and account hygiene
Once an order fills, check your actual holdings and activity log in the Fidelity Crypto account rather than trusting a confirmation pop-up alone. It's worth getting into the habit of periodically reviewing your transaction history, the February gain/loss summary, and any 1099-DA you receive — these are what you'll actually need for tax prep and reconciliation later. If you plan to move Bitcoin to your own hardware wallet eventually, send a small test amount first to confirm the address and network are correct before moving anything larger. Your seed phrase, private keys, and two-factor codes each protect against different failure modes — don't lump them together, and never hand any of them to someone who offers to "help" you manage the transfer.
Frequently asked questions
I searched "Bitcoin" inside my regular Fidelity brokerage account and found something — does that mean I can already buy it?
Not necessarily. What you found might be the Fidelity spot Bitcoin ETF (FBTC), which gives you fund shares, not the coin itself. Holding actual Bitcoin requires opening a separate Fidelity Crypto account and passing its eligibility check first.
How exactly does Fidelity Crypto's 1% fee get charged?
It isn't billed as a separate line item. It's built into the execution price — you pay slightly above the mid-market rate on a buy and receive slightly below it on a sell, and that gap is Fidelity's revenue on the trade. The same roughly 1% applies whether you're in a taxable account or a Crypto IRA.
Can I move Bitcoin I bought on Fidelity to my own wallet?
Yes, as long as you're transferring actual coin holdings (not ETF shares) and both the sending and receiving wallets are on the same blockchain network. Sending to the wrong network or address is permanent and unrecoverable, so test with a small amount first.
Can California or Oregon residents open a Fidelity Crypto IRA?
Based on Fidelity's own prior public statement, no — those two states are currently excluded from the Crypto IRA specifically, though the regular taxable Fidelity Crypto account is available in California. This kind of state-level policy can change, so confirm what your own account shows when you apply.
Does a limit order stay open until it eventually fills?
No. Per Fidelity's own trading guidance, a limit order that hasn't triggered by later that trading day gets automatically canceled rather than carrying into the next day. If you still want that price the next day, you need to re-submit the order.
Someone messaged me offering to buy Bitcoin on Fidelity for me — should I let them?
No. Account opening, login, and order placement should all happen inside the official Fidelity app or website that you navigated to yourself. Anyone asking you to send crypto first "to verify," or asking for your one-time code, or asking to remotely control your device, is running a scam — verify directly through Fidelity's official support line instead of trusting the message.
Disclaimer: This article is for general information and educational purposes only and does not constitute investment, financial, tax, or legal advice. Fees, policies, and state eligibility described here can change over time — always confirm current terms directly on Fidelity's official site before acting. Crypto assets are highly volatile and you could lose your entire investment; do your own research and use caution.