Is it possible to automate regular purchases of cryptocurrencies on Fidelity using a drip plan?
rohiith reddyJun 21, 2024 · a year ago5 answers
I am interested in automating my regular purchases of cryptocurrencies on Fidelity using a drip plan. Can I set up automatic purchases of cryptocurrencies like Bitcoin, Ethereum, or Litecoin on Fidelity? How does the drip plan work and what are the benefits of using it?
5 answers
- SerarverJan 08, 2025 · 8 months agoYes, it is possible to automate regular purchases of cryptocurrencies on Fidelity using a drip plan. Fidelity offers a feature called Automatic Investment Plan (AIP) that allows you to set up recurring purchases of cryptocurrencies. With AIP, you can choose the frequency and amount of your purchases, and Fidelity will automatically execute the trades for you. This is a convenient way to dollar-cost average into cryptocurrencies and take advantage of market fluctuations.
- TuanHTMay 13, 2025 · 4 months agoDefinitely! Fidelity's drip plan, known as the Automatic Investment Plan (AIP), allows you to automate your regular purchases of cryptocurrencies. By setting up AIP, you can specify the amount and frequency of your purchases, and Fidelity will take care of the rest. This is a great strategy for long-term investors who want to gradually build their cryptocurrency portfolio without constantly monitoring the market.
- forenkemaOct 05, 2022 · 3 years agoAbsolutely! Fidelity's Automatic Investment Plan (AIP) enables you to automate your regular purchases of cryptocurrencies. With AIP, you can choose the cryptocurrencies you want to invest in, set the desired amount and frequency of your purchases, and Fidelity will handle the rest. It's a hassle-free way to build your cryptocurrency holdings over time.
- core jjJul 29, 2023 · 2 years agoYes, you can automate regular purchases of cryptocurrencies on Fidelity using a drip plan. Fidelity's Automatic Investment Plan (AIP) allows you to set up recurring purchases of cryptocurrencies like Bitcoin, Ethereum, or Litecoin. By automating your purchases, you can take advantage of dollar-cost averaging and reduce the impact of short-term market fluctuations on your investment.
- Sharon ShueyApr 30, 2022 · 3 years agoYes, it is possible to automate regular purchases of cryptocurrencies on Fidelity using a drip plan. Fidelity's Automatic Investment Plan (AIP) offers a convenient way to invest in cryptocurrencies without the need for constant monitoring. By setting up AIP, you can specify the amount and frequency of your purchases, and Fidelity will execute the trades for you. This allows you to gradually build your cryptocurrency portfolio over time.
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