Navigating the world of cryptocurrency trading can feel overwhelming, especially for beginners. However, platforms like Public make it easier than ever to get started with buying and selling digital assets. By partnering with Bakkt Crypto, Public offers users a seamless way to trade popular cryptocurrencies directly through its mobile app or website. This guide walks you through the full process—from setting up your crypto account to executing your first trade—while highlighting key considerations like fees, security, and support.
Whether you're interested in Bitcoin, Ethereum, or other major coins, understanding how to confidently enter and exit positions is essential. Let’s break down everything you need to know about trading crypto on Public.
Setting Up Your Bakkt Crypto Account
Before you can buy or sell cryptocurrency on the Public app, you must first open a dedicated crypto account through Bakkt Crypto. This integration allows Public to offer secure and compliant crypto trading services without managing custody directly.
To get started:
- Open the Public app or visit the website.
- Navigate to the crypto section and select “Get Started.”
- Complete identity verification and provide required personal information.
- Agree to the terms and conditions related to crypto trading.
Once approved, your Bakkt Crypto account will be linked to your Public profile, enabling instant access to trading features.
All cryptocurrency transactions—including account management, trading execution, and asset custody—are handled by Bakkt Crypto Solutions, LLC (NMLS ID: 1890144). While Public provides the interface, Bakkt manages the backend infrastructure under regulatory compliance.
👉 Discover how easy it is to start trading crypto today.
How to Buy Cryptocurrency
After setting up your account, purchasing crypto is straightforward:
- Browse available cryptocurrencies within the app.
- Tap on the asset you'd like to buy (e.g., BTC, ETH).
- Enter the amount you wish to invest—either in dollars or units.
- Review the estimated cost and associated fees.
- Confirm the transaction.
_Quick Tip_: The "Buy" button may appear as "Trade" if you already hold some of that cryptocurrency in your portfolio.
Funds are typically deducted from your linked bank account or balance immediately. Depending on market conditions and network processing times, your purchased crypto should reflect in your wallet within minutes.
How to Sell Your Crypto
Selling works similarly:
- Go to your crypto holdings.
- Select the asset you want to sell.
- Choose the amount—either partially or fully.
- Confirm the sale price and fees.
- Finalize the transaction.
Proceeds from the sale are usually returned to your available balance and can be withdrawn or reinvested.
Keep in mind that there are fees associated with both buying and selling crypto. These vary based on trade size, payment method, and market spread. For full transparency, always review the fee breakdown before confirming any trade.
👉 Learn more about optimizing your trading strategy with real-time data tools.
Understanding Risks and Protections
It's important to recognize that cryptocurrencies are not insured by the FDIC or SIPC, unlike traditional stocks or cash deposits. This means losses due to market volatility, hacking, or user error are generally irreversible.
Additionally:
- Bakkt Crypto is not a registered broker-dealer.
- It is not affiliated with FINRA or SIPC.
- However, Bakkt is licensed for virtual currency business activity and money transmission by the New York State Department of Financial Services, ensuring a level of regulatory oversight.
Always assess your risk tolerance before investing and consider starting small until you’re comfortable with how crypto markets operate.
Frequently Asked Questions
Can I use my Public account to buy crypto without Bakkt?
No. To trade cryptocurrency on Public, you must open a separate Bakkt Crypto account. All crypto-related services—including trading, custody, and account management—are provided exclusively through Bakkt under a software licensing agreement.
Are there fees for buying or selling crypto?
Yes. There are transaction fees involved in both purchasing and selling digital assets. These include processing costs, network fees, and potential markups on pricing. You can view detailed fee disclosures before every trade.
Does Public offer crypto wallets?
Public does not provide standalone crypto wallets. Instead, your digital assets are held in custody by Bakkt Crypto Solutions, LLC, which implements enterprise-grade security measures including cold storage and encryption protocols.
Can I withdraw funds from my crypto account?
Yes. After selling your crypto, you can transfer the proceeds to your linked bank account. Withdrawal processing times may vary but typically take 1–3 business days.
Is my crypto investment protected?
Cryptocurrency investments are inherently risky and not protected by federal insurance programs like FDIC or SIPC. While Bakkt follows strict compliance and security standards, market fluctuations and operational risks remain.
Who do I contact if I have issues with my crypto trades?
For support, you can reach out via the Public app’s in-app chat feature or email [email protected]. Note that while Public handles user experience, Bakkt manages backend operations—so complex technical inquiries may be routed accordingly.
👉 Start your journey into secure and intuitive crypto trading now.
Final Thoughts
Buying and selling cryptocurrency on the Public app is designed to be intuitive, secure, and accessible—even for those new to digital assets. By leveraging Bakkt’s regulated infrastructure, Public delivers a trustworthy environment for trading major cryptocurrencies with confidence.
Still, success in crypto requires more than just access—it demands knowledge, discipline, and awareness of the risks involved. As you build your portfolio, stay informed, monitor performance, and use tools that help you make data-driven decisions.
With the right approach, cryptocurrency can become a valuable part of a diversified investment strategy. Take control of your financial future—one smart trade at a time.