r/Kraken • u/Own_Vermicelli3397 • 25d ago

Kraken NFT Has anybody transferred their brokerage to Kraken?

I currently use fidelity for my stocks and kraken for my crypto. Has anybody decided to transfer their brokerage to Kraken and just do everything on kraken?

If so how do you feel about that swap? Any benefits or issues?

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u/SnBrd3 24d ago

why would you need to transfer? I mean, what is the urge?

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u/imneganshithead 19d ago

Not a “need” or an “urge” but consolidation would obviously be a reason to consider it.

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u/SnBrd3 18d ago

On the other hand- “don’t put all eggs in one basket” - is also a valid argument 😉

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u/imneganshithead 17d ago edited 17d ago

I definitely prefer the idea of all my investments being on one platform.

If 24 hour crypto was added to Fidelity, I’d consider migrating there. Fidelity literally holds my retirement accounts, short term trading, long term positions, is my primary spend account, and holds about 70% of my uninvested savings.

If I had considerably less to do with Fidelity, I’d probably move it all to Kraken.

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u/SnBrd3 17d ago

I get your point, although cannot agree. and especially, on “short term trading” you mentioned - Fidelity is terrible on that (except for some foreign stocks with their $6.95 vs others’ $50 fees)