Fidelity Crypto vs Strike

Fidelity Crypto and Strike both operate in the exchange and brokerage space, but they take fundamentally different approaches to how your bitcoin is held. Both platforms earned a B rating in our scoring methodology, landing at 74/100. The tie breaks down in the category details.

Where Each Platform Wins

Custody and security — the most heavily weighted category in our methodology at 35% — tilts 5 points toward Fidelity Crypto (70 vs. 65). Both platforms carry single-point-of-failure risk, but Fidelity Crypto mitigates it more effectively through its Single Custodian approach. On fees, Strike wins by 10 points. Strike charges ~0.3% spread compared to 1% spread at Fidelity Crypto. Over a multi-year holding period, fee differences compound — a point worth considering for long-term accumulators. Strike stands out on features (85 vs. 70), reflecting Strike's product breadth and tooling.

The Custody Question

Neither Fidelity Crypto nor Strike has fully eliminated single-point-of-failure risk. Fidelity Crypto uses Single Custodian and Strike uses Single Custodian. Both models leave your bitcoin exposed to custodial concentration risk — if that one entity fails, your bitcoin could be locked, seized, or lost. For long-term holders, this is the most important factor to weigh.

Bottom Line

These two platforms score identically at 74/100. Your choice comes down to what you prioritize. Fidelity Crypto excels at trusted brand. integrated with existing fidelity accounts., while Strike is known for near-zero fees on some purchases. lightning-native. simple dca.. Review the category breakdowns above and consider which trade-offs matter most for how you plan to hold bitcoin.