When purchasing crypto there is a commission associated with each trade. The crypto fee breakdown can be found in our fee schedule.
The average price paid will reflect higher than the purchase price because of the commission amount included in the trade. The average price paid is calculated by taking the total dollar amount invested divided by the amount of coins purchased.
Below is an example of how the average price paid will reflect compared to the purchase price:
In this example, you purchased $10,000 worth of XYZ crypto. In this case, you bought 100 coins of XYZ at $100 per coin. Your purchase price in this example would be $100.
In order to buy $10,000 worth of crypto the commission is 1.25% of the order amount. In this case, the total dollar amount invested would be $10,125. For the purposes of the average price paid, the calculation would be $10,125/100 coins, or $101.25.
As always, feel free to reach out to our support team via the in-app chat or by emailing support@public.com!
Cryptocurrency services are provided by Bakkt Crypto Solutions, LLC (NMLS ID 1890144) through a software licensing agreement between Bakkt Crypto Solutions, LLC (“Bakkt”) and Public Crypto, LLC. Bakkt is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not FDIC or SIPC insured. Bakkt Crypto Solutions, LLC is licensed to engage in virtual currency business activity and money transmission by the New York State Department of Financial Services. Please ensure that you fully understand the risks involved before trading. See here for Bakkt licenses and disclosures.