How to Deposit USD into Fidelity Crypto

Funding your Fidelity Crypto account with U.S. dollars is the first step to buying Bitcoin, Ethereum, or other supported assets through Fidelity’s platform. Unlike traditional exchanges that allow multiple payment methods, Fidelity integrates deposits seamlessly with your existing brokerage or bank accounts. In this guide, we’ll break down how to deposit USD, the fees involved, and what investors should know before funding their accounts.

Deposit Methods

Currently, Fidelity allows users to deposit USD through linked bank accounts. Since Fidelity is a regulated financial institution, deposits are straightforward and usually processed via ACH transfers. Wire transfers may also be available for larger amounts, though they can involve additional fees.

Step-by-Step Deposit Guide

Log In: Sign in to your Fidelity account through the app or website.
Select Crypto Account: Navigate to the Fidelity Crypto section.
Choose Deposit: Select “Deposit USD” and choose the funding method (ACH or wire transfer).
Confirm Amount: Enter the amount you wish to deposit and confirm the transaction.
Wait for Settlement: ACH transfers typically take 1–3 business days, while wire transfers are faster.

Fees

Fidelity does not charge fees for ACH deposits, making it cost-effective compared to some competitors. However, wire transfers may involve bank fees. Once funds are deposited, trading fees apply when buying or selling crypto (around 0.35% per trade).

Security and Regulation

As a major financial institution, Fidelity offers robust protection for deposits. USD balances are FDIC insured, and all crypto purchases remain within Fidelity’s custody system. This provides peace of mind for investors who want regulated exposure to digital assets.

Considerations Before Depositing

Withdrawal Restrictions: Fidelity currently does not allow crypto withdrawals to external wallets, so deposits are best for investors who want exposure rather than self-custody.
Settlement Times: ACH transfers may delay trading if you need immediate access to funds.
Bank Compatibility: Ensure your bank is linked and approved for ACH or wire transfers.

Conclusion

Depositing USD into Fidelity Crypto is a simple and secure process, especially for investors already using Fidelity for brokerage or retirement accounts. While it may lack flexibility compared to traditional crypto exchanges, Fidelity offers a safe, regulated way to fund your account and start trading major cryptocurrencies.