Can I Transfer Coins to Public?
Yes, you can transfer supported cryptocurrencies to your Public account as long as Bakkt (Public's crypto partner) enables deposits for those assets. If you hold crypto in an external wallet, follow these steps:
- Log in to your Public app or website.
- Navigate to the crypto transfer section.
- Select "Deposit" and choose the supported coin.
👉 Learn more about secure crypto transfers
Note: New York residents cannot transfer crypto due to regulatory restrictions.
Can I Transfer Coins Out of Public?
Withdrawals follow the same principle—if Bakkt supports the coin, you can send it to an external wallet.
Key steps:
- Initiate a withdrawal from your Public account.
- Enter the recipient wallet address.
- Confirm the transaction, including network fees.
Always double-check wallet addresses to avoid irreversible errors.
Supported Assets for Transfer
Bakkt’s current list of supported cryptocurrencies includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
(Check Bakkt’s official page for updates.)
Restriction: NY residents cannot transfer crypto in/out.
How to Initiate a Transfer
- Contact Support: Reach Public’s Customer Support via in-app chat or email at
[email protected]. - Verification: Complete any required identity checks.
- Follow Instructions: The team will guide you through the process.
👉 Expert tips for smooth crypto transactions
Fees for Crypto Transfers
Public charges no transfer fees, but you’ll incur:
- Network Fees: Paid to blockchain validators (varies by congestion).
- KYT Fee: Bakkt’s $0.53 compliance fee (included in the network fee).
| Fee Type | Cost | Notes |
|---|---|---|
| Network Fee | Variable | Depends on transaction size. |
| KYT Fee | $0.53 | Fixed per withdrawal. |
FAQ Section
1. How long do crypto transfers take?
Processing times depend on blockchain congestion—typically 10 minutes to several hours.
2. Can I cancel a transfer after submission?
No. Blockchain transactions are irreversible once confirmed.
3. Why is my transfer option disabled?
NY residents or unsupported coins may trigger this. Verify your location and asset.
4. What’s the minimum transfer amount?
Public/Bakkt may enforce minimums; check with support.
5. Are transfers taxable?
Yes. Consult a tax professional for reporting requirements.
6. How do I avoid transfer errors?
Always test small amounts first and verify wallet addresses.
Final Notes
- Security: Use trusted wallets and enable 2FA.
- Regulations: Compliance varies by region—stay informed.
- Support: Contact
[email protected]for unresolved issues.
Cryptocurrency services are provided by Bakkt Crypto Solutions, LLC. Trading involves risk; assets are not FDIC/SIPC insured.