Can You Buy Dogecoin On Fidelity (Feb 2021) Reviews >> Want to find out about the cryptocurrency named after a dog-meme? This article has stated all the relevant information available about the same. Do give it a read.
At present, the world has a new range of options to invest money in. A cryptocurrency is a form of digital assets made to act as an exchange-medium under which records of individual ownership of the coins are stored as a computerized database in the form of a ledger.
This form of currency does not exist physically and is not accommodated by any central authority. Cryptocurrencies use a decentralized form of control, unlike systems of central banking.
In today’s article about Can You Buy Dogecoin on Fidelity, we shall dive into the depths of a topic that has raised many questions in the minds of the people of the United States. We shall find out what exactly Dogecoins are and whether they can be bought on Fidelity or not.
Table of Contents
What is Dogecoin?
To create a free payment system from all the traditional banking trees, rapid and fun to use, two software engineers created the Dogecoin. Jackson Palmer and Billy Marcus created the Dogecoin.
The symbol used to represent it is, “D”. The code used to define it is “DOGE”. The currency highlights the face of a Shiba Inu dog-breed about the famous “Doge-Meme”. The Dogecoin was launched on the 6th of December 2013. It gained popularity and expanded its community online that reached the market capitalization of US $5,382,875,000 on the 28th of January 2021.
Scroll down this article to know more about Can You Buy Dogecoin on Fidelity.
What is Fidelity?
Fidelity Investments Inc., earlier known as Fidelity Management & Research and frequently referred to as Fidelity, is a multinational financial service corporation established in Boston, Massachusetts, United States.
Since the establishment of the company in 1946, it has become one of the world’s largest asset management institutes. Fidelity has 3.3 trillion US dollars (June 2020) worth of assets under management and 8.3 trillion US dollars worth of integrated, comprehensive customer asset value.
Fidelity functions as a brokerage firm manage mutual funds, provides investment advice, fund distribution, index funds, retirement services, cryptocurrency, wealth management, life insurance, and securities clearance and execution.
Can You Buy Dogecoin on Fidelity: Yes or No?
It is mentioned on Fidelity’s official website that retail brokerage customers can’t do buying and selling of cryptocurrencies. Fidelity.com can only enable Coinbase-digital-currency account holders to view their respective balances. At present, Fidelity.com does not have any available plans for retail brokerage customers.We at this moment conclude that Dogecoins can’t be bought on Fidelity.
In this article, we have gathered information about Fidelity and cryptocurrencies like Dogecoins.
After conducting a detailed scan of the information available to us, we have concluded from answering the question that everyone in the United States is curious about. Can You Buy Dogecoin on Fidelity?
The answer is, no. The website mentions that retail brokerage customers are not allowed to participate in buying and selling any cryptocurrencies. Dogecoins can be bought off online brokers and crypto-exchanges such as Binance US, OKEx, Kraken, and Huobi. Your views about the same will be highly appreciated and can be left in the comment section below.