Choosing Between Public.com and Coinbase: Discover the Perfect Fit for You

Looking to dive into investing, but not sure if Public.com or Coinbase is what you need? Let’s simplify things for you.

Public.com and Coinbase are both handy platforms for investments, but they cater to different needs. Let’s compare the two to see which one fits you.

Public.com excels in offering a smooth mix of stocks, ETFs (Exchange-Traded Funds), and a variety of the top 30 cryptocurrencies. It’s like an all-you-can-eat buffet for investors. On the contrary, Coinbase is more of a specialist, focusing solely on providing a vast selection of more than 100 cryptocurrencies.

So, if you’re an all-rounder interested in dipping your toes into stocks, ETFs, and crypto all at once, Public.com should do the trick. However, if you’re more of a crypto enthusiast, looking for a wide range of cryptocurrencies to trade, then Coinbase is your guy.

Public.com started in 2018 and was previously called Matador. It’s like a social network for investments – it gives you an opportunity to connect with other investors, see what’s trending, share strategies, or just chat about trading. It doesn’t require a minimum amount to start, which makes it quite accessible for newbies.

Coinbase, on the other hand, is a veteran in the crypto world, being here since 2012. It’s a handy platform offering simple transfers, educational tools, and options to set up recurring buys. It’s seen by many as one of the top crypto exchanges.

While Public.com offers the social network aspect that makes trading fun and interactive, Coinbase brings the advantage of being a prime crypto exchange with access to a multitude of coins and tokens. Each platform has its distinct advantages and suits different types of traders.

When it comes to payments, fees, and all that nitty-gritty stuff, Public.com takes a no-fuss approach with no commissions on stock and ETF trades. Cryptocurrency transactions have a 1-2% markup. On the flip side, Coinbase has a fee structure that might be a bit tricky, especially for new users, varying based on the transaction amount and method of funding.

The platforms also differ in extras they offer – Public.com has its spotlight on interactivity and easy-to-understand functions. Coinbase provides advanced charting features and a program to learn as you earn.

Both platforms are locked in tight with top-notch security measures. However, remember that, while Public.com offers account protection through the SIPC for up to $500k, it doesn’t cover cryptocurrency. On the other side, Coinbase has explicit safety measures, storing 98% of customer assets offline. Still, crypto traders should always be security vigilant.

Let’s sum it up: Public.com is the go-to for a mix of stocks, funds, and crypto, especially if you prefer an interactive community. Coinbase, however, is your pick if your heart beats for cryptos – offering a rich selection and tools to polish your trading skills. So, consider your own investment preferences and choose accordingly. Happy investing!