| Website |
https://www.coinbase.com |
https://public.com |
| Pros |
- Access to Bitcoin, Ethereum, Litecoin, Dash, and dozens of other cryptocurrencies.
- Most trustworthy and long-lasting Cryptocurrency exchange.
- Provides tax documents for cryptocurrencies.
- Allows transferring your cryptocurrencies to a private wallet.
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- Follow other investors and see what they’re investing in – including experts.
- Get feedback on your trades by making your trade history public.
- Community members offer recommendations and advice through the main feed.
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| Cons |
- Very high transaction fees compared to stock market investing.
- Speculating in cryptocurrencies is dangerous, and can result in 100% loss due to hacked accounts or other attacks.
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- Only available through the native app for iOS and Android. There is no website to access your investments from.
- Limited Accounts - Public only offers brokerage (taxable) accounts. Minafi recommends people start investing using a 401(k), IRA or Traditional IRA first before moving on to taxable accounts.
- Encouraging sharing for additional free stock grants. Those who you share with might not have enough investment platform background to understand the tax consequences of trading in a brokerage account.
- Social features and news may be informative but may cause you to make more trades than you might otherwise.
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| Promotions |
- Get $10 in free Bitcoin by opening an account with $100.
- Earn up to $40 by going through Coinbase tutorials.
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| Fees |
- $0.99 trade fee for transactions $0-$10.
- $1.49 trade fee for transactions $10-$25.
- $1.99 trade fee for transactions $25-$50.
- $2.99 trade fee for transactions $50-$200.
- 0.50% fee for transactions above $200.
- 1.49% trade fee for transactions from a US Bank Account.
- 3.99% trade fee for transactions from a Debit Card.
- Coinbase’s Fees are far higher than investing in the stock market.
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- Public charges no fees for any services.
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