Get Money to Bitcoin
I have been asked quite a bit lately how to go about getting your money from Fidelity, Schwab, or the like into Bitcoin. Using a Fidelity account as the example, here is the general step-by-step guide to moving money from Fidelity to Bitcoin. As you will see, this is why Bitcoin will make a huge difference in settled transactions going forward.
- Sell stocks on Fidelity and let the funds settle. The funds will take two days to settle.
- Transfer money to bank account and let funds settle. This could also take a day or two to settle at your bank.
- Transfer money to Coinbase, Coinbase Pro, Bittrex, Binance, or a similar exchange. This should be immediate. Depending on how much money you move, you will have access to spend fairly quickly.
- Buy crypto. You should be able to buy with your funds right away. The exchange will also have a settlement period, but that is only to slow down withdrawals.
