Fidelity Digital Assets and BitGo both operate in the dedicated custody space, but they take fundamentally different approaches to how your bitcoin is held. The scores are close — Fidelity Digital Assets at 76/100 (B) and BitGo at 69/100 (B-). When the gap is this narrow, the details matter: custody model, single points of failure, and the fine print on fees.
Custody and security — the most heavily weighted category in our methodology at 35% — tilts 15 points toward Fidelity Digital Assets (80 vs. 65). Both platforms carry single-point-of-failure risk, but Fidelity Digital Assets mitigates it more effectively through its Qualified Custodian approach.
Neither Fidelity Digital Assets nor BitGo has fully eliminated single-point-of-failure risk. Fidelity Digital Assets uses Qualified Custodian and BitGo uses Qualified 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.
Fidelity Digital Assets edges out BitGo by 7 points. It's a close call, and the right choice depends on your specific situation — how much bitcoin you're holding, how often you need access, and whether you prioritize backed by fidelity's brand and balance sheet. regulated. soc 2 type 2. over qualified custodian. hot, warm, and cold wallet options. $250m insurance.. Keep in mind these platforms target different audiences — Fidelity Digital Assets is built for tradfi, while BitGo serves institutions. One thing to watch with BitGo: single institutional custodian. concentration risk at scale..
Based on our six-category scoring methodology, Fidelity Digital Assets scores higher at 76/100 compared to 69/100. The biggest differentiator is custody security, which accounts for 35% of the overall score. However, the right choice depends on your individual needs — review the category breakdown above.
Fidelity Digital Assets scored 80/100 on custody and security in our methodology. It does carry single-point-of-failure risk, meaning your bitcoin depends on one entity's security. Its custody model is classified as Qualified Custodian. Always verify these details and do your own research.
Yes. BitGo uses a Qualified Custodian model, which means a single compromised entity could put your bitcoin at risk. This is a structural concern for long-term holders.
Fidelity Digital Assets charges Custom. BitGo charges Custom. Fidelity Digital Assets scored 70/100 on fees versus 70/100 for BitGo in our methodology.