02.23.2022 - By Jeff Rose, CFP®
You are finally ready to take the plunge. You’ve seen everyone else doing and you have serious FOMO. Today I am going to answer a reader question. He is a serious investor but he has never purchased any cryptocurrency. I get it - I was a financial advisor with my own wealth management firm and I had no clue where to buy cryptocurrency when I was ready to dive in. I started investing with crypto in 2017 and there were so many options to choose from 05:05 His question: ‘I am completely new to crypto with no brokerage account other than traditional Fidelity and Merrill accounts. I have $50k in traditional savings accounts. What is the quickest and safest way to purchase stable coins and transfer to Celsius?’ In the traditional channels for trading - it is a simple process to transfer from Fidelity to Merrill or other traditional institution - to and from like accounts. In the Crypto space this type of transfer does not exist. 09:37 Let’s address a traditional savings account as a tool for transferring funds for trading crypto. 17:45 Other ways to transfer funds into a platform like Celsius. Be sure to tune in for all the details. Check out my YouTube channel here. Follow me on Twitter and Instagram.