In this article, I will find out if you can trade cryptocurrency on Webull. Many investors ask if this well-known service used for trading stocks and ETFs has expanded to include the trading of cryptocurrency.
We will look into what kinds of cryptocurrency can be traded, how trading operates, what fees are involved, and whether Webull is a good option for a novice or a seasoned crypto trader.
What is Webull?
Webull is commission-free, making it a viable option for both beginners and seasoned investors alike. Its polished mobile app and desktop platform, however, is where Webull really shines.
Founded in 2017, Webull quickly became popular in the United States as it allowed its users to trade freely in stocks, ETF’s, options, and crypto currencies. Webull also offers options for real-time market data, customizable market charts.
They’re also popular with active traders, as Webull offers extended trading hours. Unlike other brokers, Webull is digital only. If you don’t mind some of the advanced investment services being unavavailable, Webull is an inexpensive trading option with easy access to the market.
Can You Trade Crypto on Webull
Yes, you can trade cryptocurrency on Webull, but there are certain limitations. Webull added cryptocurrency (BTC, Ethereum and some others) trading in 2020, granting their users the ability to trade on commission-free transactions and pays small spread fees approximately equal to 1% of the trading volume.
Crypto deposits, withdrawals and transfers to external wallets are not allowed which makes Webull more advantageous for those wanting to hold crypto in relation to their stock and EFT portfolio in one place. That simplicity and ease of use tailored to beginners is the very reason for the growing popularity of Webull.
Does Webull Support Cryptocurrency Trading?
Direct answer: Yes, Webull offers crypto trading: Webull now permits cryptocurrency trading so customers can effortlessly purchase and liquidate d igital assets right on the trading platform.
Supported cryptocurrencies: BTC, ETH, LTC, DOge, etc: Webull gives traders access to popular coins like Bitcoin, Ethereum, Litecoin, and Dogecoin, as well as a few others.
Number of cryptos available and growing list : The platform Webull now supports over 60 cryptocurrencies and is continuing to expand its offerings as the market changes and grows.
How To Trade Crypto on Webull
Below are guides on trading cryptocurrency on Webull each with a set of steps.
Create an account on Webull
sign up on Webull’s HTTPS secured web and go through the sign up process.
Identify and verify
The documents you need to submit include an ID and personal information to complete KYC process and enable trading capabilities.
Set up a crypto trading account
Enable access through the app’s account settings or the app process on the account request.
Make a deposit
Transfer money from your bank and deposit to your Webull account. Crypto deposits are not allowed.
Locate the Cryptocurrency
from the table type the currency pairs and get aided for any of your currencies (BTC, ETH, DOGE or others).
Complete a transaction
There will be a button to copy or sell, allocate the specified trade size (around 1) and complete the cryptocurrency orders.
Supervise
Evaluate the crypto performance within Webull charts and adjust your trades at any time since crypto markets are open all day.
Fees and Trading Costs
- Explain Webull’s 0% commission structure. Commission-free crypto trading allows Webull users to trade cryptocurrencies without paying a commission to a conventional brokerage firm.
- Mention spread-based fees (usually 1% mark-up). Webull also charges a spread fee (approximately 1% for other crypto trading) that is embedded in the crypto buy/sell price.
- Compare with other exchanges’ fees. Webull is simpler with its spread than other exchanges like Coinbase or Binance, but would not suit active traders.
Webull vs. Dedicated Crypto Exchanges
| Aspect | Webull | Dedicated Crypto Exchanges |
|---|---|---|
| Asset Variety | Offers a limited number of major cryptocurrencies. Mostly mainstream coins like BTC, ETH. | Supports many more coins/tokens, including smaller altcoins, stablecoins, newer projects. |
| Fees & Pricing | No commission but charges a spread-based fee (~1%) on crypto trades. ( | Usually charge trading fees (maker & taker), deposit/withdrawal fees. Fees vary widely based on volume, interface used. |
| Wallet / Withdrawals | Does not allow withdrawals of crypto to external wallets (custodial only). You cannot transfer crypto out. | Allow full wallet functionality — send/receive crypto, store in non-custodial or custodial wallets. Much more control. |
| User Base & Interface | Good option for people who already trade stocks or ETFs and want crypto exposure without switching platforms. Simpler for beginners. | Designed for crypto-first users. More tools for crypto trading (advanced charting, specialised markets, futures, staking etc.). More learning curve. |
| Security & Trust | Uses third-party custody for crypto; offers standard protections (2-factor auth, etc.), but limited control over crypto asset management. | Many exchanges have strong crypto custody, cold storage practices, insurance for holdings, transparency, etc. |
| Regulation & Compliance | Operates like a brokerage with regulated financial securities plus crypto; subject to financial regulations in featured jurisdictions. | Crypto exchanges often have to comply with both securities/financial and cryptocurrency-specific regulation, which can vary widely by country. |
Is Webull the Right Platform for You?
Webull allows users to trade stocks and ETFs alongside crypto-currencies on one mobile app without paying commissions. Webull is great for new investors or investors looking to expand their stock portfolio and add a few crypto currencies in.
On the other hand, it does cater for serious crypto traders since staking, withdrawals, and other advanced functions lack. If you want total control over your assets, a crypto exchange is the way to go.
FAQ
Can you trade cryptocurrency on Webull?
Yes, Webull allows trading of popular cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and more directly within its app.
How many cryptocurrencies does Webull support?
Webull currently supports over 60 cryptocurrencies, including major coins and a few altcoins, with the list gradually expanding.
Does Webull charge fees for crypto trading?
Webull charges no commission but includes a spread fee, usually around 1%, built into buy and sell prices.
Can I withdraw my crypto to an external wallet?
No, Webull does not allow external transfers. Your crypto stays on the platform under its custodial structure.
What is the minimum amount required to trade crypto on Webull?
You can start trading crypto on Webull with as little as $1 per trade.
