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Public.com Crypto Exchange Review

By Jinia06/02/2023

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Public.com is a crypto exchange designed to make it easier for everyone to buy, sell, and store cryptocurrencies.

Founded in 2017, the platform was created by entrepreneurs who wanted to bring the cryptocurrency world closer to mainstream investing. They made the exchange more of a community-driven venture where any investor can easily access investment opportunities ranging from stocks, ETFs (exchange-traded funds), and cryptocurrencies.

Thus, Public.com provides users with an easy-to-use interface that makes buying and selling cryptocurrency accessible even to those new to the space.

The platform is also very secure and user-friendly, offering top-notch security features such as two-factor authentication for increased account protection.

What’s more, Public.com Exchange is not only suitable for beginners. Sophisticated investors can access advanced features like margin trading, IPOs, and algorithmic trading.

Here is a detailed look at what the platform has to offer.

Pros

  • Intuitive user interface

  • Beginner friendly features

  • IPOs and fractional shares are available

  • Features a social aspect for easy learning

  • Proven track record

Cons

  • Customer service could be better

  • There are no futures or options markets to trade

Public.com Exchange Review: The TLDR

Public.com is a social investing platform and mobile application that provides users with a unique way to invest in traditional stocks, ETFs, and Cryptocurrencies.

The platform is very user-friendly, with low brokerage fees, no annual fees, and no account minimums.

Public.com is also fully registered with FINRA and SIPC, offering bank-level security to protect user information and assets. Additionally, the platform offers access to IPOs, making it stand out among similar platforms.

Overall, Public.com is a reliable and trustworthy platform for anyone looking for a cost-effective way to invest in the stock market.

What’s the History of Public.com Exchange

Jannick Malling founded Public.com in 2017 at the peak of a crypto bull run that quickly turned into a bear market at the start of 2018. Before co-founding Public.com, he had served as the head of product and founder of Tradable, an online trading platform. Additionally, he was part of the founding team of the CFH Group, a holding company in the capital markets division of fintech.

Public.com was created to make investing more accessible and social, combining financial management with a social network-like platform that provides real-time updates, insights, and advice. The goal of Public.com is to empower and educate individual investors and to help them invest in the stock market as a way to build wealth.

Since its launch, Public.com has won multiple accolades and raised over $88 million in funding from notable investors such as Accel, Greycroft, and Tony Hawk. The platform has also cultivated a loyal user base and continues to expand its offerings and services, further positioning itself as a growing contender in the investment app market.

How to Open an Account

To get started with Public.com, simply head to the sign-up page and create an account. The process is simple and straightforward, requiring only basic information such as your name, email address, and password.

Once you’ve created an account, you will need to go through KYC (Know Your Customer) since Public is a fully regulated broker-dealer. Therefore, you’ll need to have a government-issued ID or a passport to prove your identity.

Once the KYC process is complete, you can start trading on the platform right away. However, you’ll need to make a deposit before you can start buying and selling stocks, ETFs, or cryptocurrencies. You can deposit funds via bank transfer (ACH) or by linking your debit/credit card.

Trading Experience

Most trading platforms that offer commission-free trading often come with hidden fees that leave the trader with little to no returns on their investments. However, Public’s 0% trading fees and fractional shares make it an attractive option for investors who are looking to make the most out of their money. Plus, there are no hidden fees.

Public also offers a wide range of features that are suitable for both novice and experienced traders alike. It has a modern user interface with a dynamic feed, advanced charting and analytics, real-time price alerts, and custom watchlists that are tailored to the user’s needs.

Additionally, Public’s social network-like interface allows users to interact with each other in real-time, providing insights and trading advice for anyone who is looking to learn more about investing.

Features of Public.com

Public currently offers nearly 10,000 stocks and ETFs that you can trade, with most of those investments coming from different industries. Therefore, when it comes to diversification of your investment, Public’s platform offers a wide array of options.

Public also offers fractional shares and the ability to buy any stock or ETF for just $1. This makes it possible for anyone to start investing even with minimal capital while still diversifying their portfolio.

What’s more, you can invest in advanced financial instruments such as IPOs which are often a reserve of the wealthiest investors.

The social investing feature of the platform is also helpful in finding out what’s going on around the world. With real-time updates and insights, you can stay up to date with the latest news and events that are taking place in the world of finance.

Supported Cryptocurrencies

Crypto natives will also enjoy using Public.com as it features support for popular coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others. This makes it easy to diversify your investments beyond the stock market and invest in cryptocurrencies as well.

Is Public.com Exchange Safe?

Yes, Public.com is safe. The company has completed the registration process with the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Furthermore, the platform is insured by the Securities Investor Protection Corporation (SIPC), which provides protection for users in the case that Public.com is unable to fulfill its obligations. In such an event, the SIPC insurance can cover customers for up to the value of $500,000 to secure both cash and securities.

Conclusion: Accessible Crypto Trading

Public.com is a great platform for those who want to start investing with minimal capital, as well as experienced investors looking for a commission-free and secure way to trade stocks and ETFs.

The addition of fractional shares, advanced features such as IPOs, real-time news updates, and access to cryptocurrencies makes it an attractive choice for any investor. So, if you’re looking to start investing or want to diversify your portfolio, then Public.com might be the right platform for you!

That concludes our comprehensive guide on Public.com. We hope this article has been a help to you and that you now have all the information necessary to make an informed decision.

Article tags

Exchanges
Jinia

Author

Jinia is a fintech writer focused on the cryptocurrency market and passionate about blockchain technology. With years of experience, she contributes to some of the most renowned crypto publications such as Cointelegraph, Coinmarketcap and others. She also has experience writing about the iGaming industry.

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