Basics
Eligibility to open a Fidelity Crypto account
18 years old, US citizen
Term for a cryptocurrency that has its value pegged to something else
Stablecoin
The 2 order types available for Fidelity crypto
Market, Limit
Settlement period for Fidelity crypto
T+0
number of states that Fidelity crypto is available in
38
gains/losses are taxed at this rate
capital gains
Term for locking your crypto in return for interest-like rewards
Staking
Number of hours per day that Crypto is available to trade on Fidelity's platform
23
Number of Fidelity crypto ETFs
3
This tax form reports digital asset proceeds from broker transactions
1099-DA
Global market capitalization for crypto (rounded to a whole trillion)
$3 trillion
"Spot Trading"
term for how/where Fidelity stores crypto
number of Bitcoin in existence
21 million
The year that Fidelity launched Digital Assets.
2018
gallons of water used for Bitcoin mining each year (rounded by billion)
600 billion
first real-world Bitcoin transaction
common taxable transaction that is disallowed for Crypto Roth and Traditional IRAs
Roth conversion
The cost of a cryptocurrency trade via Fidelity
1% of dollar value
Business hours for Fidelity Digital Assets
24/7
Number of countries that have banned cryptocurrency trading
12
Fidelity's own stablecoin
Fidelity Digital Dollar (FIDD)
Biggest disadvantage of crypto TOAs into Fidelity
no cost basis
The person/entity who decides whether or not you may hold crypto in your 401k
the employer
2