Created 9mo ago, last updated 7mo ago
Webull is a crypto exchange that is promptly gaining popularity around the earth. Learn more to see if it ‘s the best exchange for you. Webull is a trade platform for securities and cryptocurrencies. Founded by Wang Anquan in 2017, the platform has been called the “ Chinese Robinhood ” and has offered boisterous competition to the U.S.-based platform.
Anquan is an entrepreneur and former film director of finance at Alibaba. His Webull brokerage is separate of a course of mobile-first investing solutions like Robinhood that offer their users the option to buy both traditional securities and crypto. Webull seeks to provide an easier and more enjoyable experience to investors around the world, and besides offers some early perks that we will cover late on. Join us in showcasing the cryptocurrency revolution, one newsletter at a clock. Subscribe immediately to get daily news and market updates right to your inbox, along with our millions of other subscribers ( that ’ second right, millions love us ! ) — what are you waiting for ?
- 1 Webull Review
- 2 How to Buy Crypto on Webull
- 3 Do You Own Crypto on Webull?
- 4 Can You Buy Dogecoin (DOGE) on Webull?
- 5 Which Other Coins and Tokens Does Webull List?
- 6 How to Sell Crypto on Webull
- 7 Webull Trading – How Does it Compare?
- 8 Final Thoughts – Should You Invest in Cryptocurrency?
When Webull launched its mobile app in 2018, modern investors were flying to download and experience simplified trade. The app streamlines the signup and authentication work, getting modern investors trading faster. Its interface is easily navigable and aesthetically pleasing, with options to view charts, buy stocks and crypto, and monitor your portfolio ’ s performance. however, unlike Robinhood ’ s at times too-simple interface, Webull ramps up the available tools for investors with more data and analytics. This makes the platform an ideal choice for founder and more seasoned traders alike. Like Robinhood, Webull offers commission-free trade, which is a blessing to new investors who want to maximize the funds in their accounts .
Is Webull Safe?
Webull Financial LLC is registered and regulated by the Securities and Exchange Commission ( SEC ) and the Financial Industry Regulatory Authority ( FINRA ). It is a penis of The New York Stock Exchange ( NYSE ), NASDAQ, Cboe EDGX Exchange, Inc ( CBOE EDGX ). It is besides a member of the Securities Investor Protection Corporation ( SIPC ), which protects up to $ 500,000 ( includes $ 250,000 limit in cash ) against the loss of cash and securities held by Webull customers. Webull ‘s clear firm, Apex Clearing Corp, has extra indemnity policy covering securities and cash improving to an aggregate $ 150 million ( capable to utmost limits of $ 37.5 million in securities and $ 900,000 in cash for any one customer ). Cryptocurrency execution and custody are provided by Apex Crypto LLC. Do bill that Apex Crypto is not a register broker-dealer, not a FINRA member and not FDIC or SIPC insured .
How Much Are the Trading Fees?
One of Webull ’ s biggest selling points is its commission-free trade structure. This means that with a standard Webull score, users will not need to pay any trade fees. It is barren to open an explanation, maintain it and make trades .
How to Buy Crypto on Webull
As a new member of Webull, you can begin the crypto buying action by logging into your bill via the background or mobile application. First, you will need to transfer money from your bank report, which will be held as brokerage cash on the Webull platform. This situate amount is now your buying power to buy stocks and crypto via the app. Users can trade crypto on the lapp app but some users may not be able to access crypto features depending on their state or state. Webull is allowed in India, the United States ( in most states ), China, South Korea, and most countries that permit crypto trade .
Key Steps for Buying Crypto on Webull
- Navigate to the search icon located at the top right of the screen. Then, search for “crypto” to bring up a list of all tradeable cryptocurrencies, or search for the specific cryptocurrency you want to buy.
- Once you have pulled up the list of available cryptocurrencies, make your selection to go to its page. For example, if you select Bitcoin, you will be taken to the Bitcoin trading page. The page will have live pricing data at the top and a chart of activity spanning from “live” all the way through to historical data since the coin’s inception.
- On the screen, users will be able to choose between various options. Hitting the “buy” button will take you to a purchasing screen where you can enter the amount of fiat currency you would like to use to buy your crypto.
- The screen will tell you how much in crypto your fiat will get you. For example, $20 will only be enough to purchase a fraction of a Bitcoin, whereas it would allow you to buy multiple coins of lower-valued currencies, e.g., Dogecoin. Review the trade information and ensure you are comfortable with the purchase.
- Confirm and submit your order when ready. You have now invested in crypto!
Do You Own Crypto on Webull?
Users do not truly own their crypto assets on Webull. They will not be able to transfer any crypto tokens outside of the platform and they will not have entree to any keys. Users are only able to trade their crypto and to pocket their gains in the form of decree currency. If you are only looking to take advantage of upswings in the prize of cryptocurrencies like Bitcoin and don ’ t need to own the actual coins, then Webull can be a simple and commodious avenue for either buy and holding coins or using shorter-term trade strategies. however, Webull does have plans in the works to enable traders to open their own hosted crypto wallets and to have the option to transfer their crypto holdings off the platform.
Can You Buy Dogecoin (DOGE) on Webull?
After Dogecoin ‘s breathless, meme-filled run in 2021, the dog-themed cryptocurrency now sits at # 8 on rate of acme cryptocurrencies by market cap. DOGE was created as antic, inspired by the popular internet meme of a shiba inu, but has since garnered the hold of high-profile billionaires like Elon Musk and Mark Cuban. good news program is, yes ( much wow ! ) you can buy DOGE on Webull. It is one of eight cryptocurrencies available on the on-line broker. Buying DOGE and other crypto assets on Webull is a simplified and easy process, similar to buying and trading stocks on the platform .
Which Other Coins and Tokens Does Webull List?
Bitcoin Cash, Ether, Litecoin, Dogecoin, Zcash, Webull has expanded its offerings to include eight cryptos and has plans to add far assets in reply to popular demand. The platform ’ mho crypto selection is about identical when compared to early security and crypto hybrid brokerages like Robinhood. It is presently supporting trade in Bitcoin Stellar Lumens, and Ethereum Classic
How to Sell Crypto on Webull
If you already have crypto holdings on Webull, you can sell them by navigating from your investment lists to your crypto. once you have selected the coin you wish to sell, choose the choice to sell crypto. You will then see the option to sell all or part of your crypto holdings. Select the measure you would like to sell and review your deal. Once the barter is complete, the respect of the crypto you ’ ve sold will be exchanged back into brokerage cash. You can then withdraw any sum you ’ d like in decree currentness from Webull to your bank history. Keep in mind that you will need to pay capital gains taxes on any crypto you ’ ve sold via Webull. The platform has easy-to-use tax documents that are available to download via the desktop app .
Webull Trading – How Does it Compare?
How does Webull compare with other investment brokerages and crypto exchanges ? Webull offers an extremely easy exploiter experience paired with an advanced chart toolbox with overlays and drawing. It besides offers a built-in residential district feed that allows for greater social use. It provides users with a commission-free and streamlined mobile know for simplify endow. Webull ’ second motto is “ Enjoy Tech. Enjoy Investing, ” and the party has done a noteworthy job of taking competitors like Robinhood head-on. Webull allows investors to open IRA accounts and individual investor accounts. It may not be the best chopine for investment vehicles like common funds and retirement accounts, but these are constantly an choice. however, those who are chiefly interest in crypto ownership would do best to purchase their coins via a crypto-specific switch over. here is a gloomy and dirty review of how Webull stacks up against other trade platforms and crypto-specific exchanges .
Day Trading On Webull
many use Webull for day deal and short-run deal strategies. The platform is bang-up for these investors as they enjoy zero commission fees, full margin fees, and a variety show of charting and trade tools. The app is incredibly easy to use and it is easy to trade from anywhere. It offers more tools than platforms like Robinhood, even some advanced traders may want even more from their trade brokerage and software. Companies like Charles Shwab, Fidelity and Ameritrade have been approximately much longer and provide professional day traders with all the advance tools they need to do business. They have besides started offering commission-free trade in a bid to compete with newer brokerages. Whether or not you choose Webull as a day trade platform will ultimately come down to which tools and digest you need as a trader .
Webull Vs. Coinbase
Unlike Webull, Coinbase is a crypto-only exchange. It is one of the most popular platforms in the United States and has seen massive growth over the by two years. Coinbase users can purchase crypto assets and transfer their coins from the chopine to third-party wallets or cold storage options. Coinbase users can benefit from a great app and UX, crypto rewards and bet on, and a choice between over 50 different crypto assets .
Webull Vs. Binance
Binance, currently the world’s most popular exchange by daily traded volume, is an international crypto exchange that mints its own native token, Binance Coin. With Binance, users can trade over 350 different altcoins and earn money in various ways, including staking and earning interest on their crypto holdings. Binance also offers users a way to trade peer-to-peer ( P2P ), participate in margin trading and execute advanced trading methods like futures contracts. Like other crypto-specific exchanges, it offers users a way to stay in control of their crypto holdings by transferring them off the platform.
Webull Vs. Kraken
Kraken is another good option for crypto-only traders. The platform offers numerous short-term tools, including advanced charting software, for those who wish to trade options and more with crypto. Kraken positions itself as one of the most trusted exchanges and offers around-the-clock customer support to help users with their accounts. This is an important feature, as many exchanges have had complaints when it comes to lack of infrastructure and live support. However, Webull also prides itself on its 24/7 customer support.
Webull Vs. Gemini
Since 2015, Gemini has offered investors a crypto investing experience with sophisticated features and design at slightly higher deal fees. The chopine has launched programs for users to earn up to 7.4 % APY on their assets, while offering other benefits like the Gemini credit rating circuit board. Gemini has a very easy-to-use interface and provides the lapp trading options as other U.S.-based options, with around 45 coins available. Gemini is another thoroughly alternative to Webull for those looking to have the choice to hold crypto themselves, rather than barely to pocket the profits from their crypto trades.
Final Thoughts – Should You Invest in Cryptocurrency?
Webull provides an easy-to-use and convenient platform for cryptocurrency, and standard, investors to participate in the markets. The mobile-first set about appeals to the newer generation of investors, who are used to doing anything and everything on their smartphones. however, the streamlined interface should not be confused with relief in investing in the fickle crypto markets. Despite the numerous “ buy high, sell low ” memes and “ degen “ culture in crypto, the loss of funds is irreparable and not uncommon. alternatively of losing your hard-earned money, it is wiser to educate yourself before diving into the crypto market. Check out our usher on how to invest in cryptocurrency, and determine more on CoinMarketCap education portal – Alexandria This article contains links to third-party websites or other contentedness for information purposes alone ( “ Third-Party Sites ” ). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the message of any Third-Party Site, including without limitation any connect contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a appliance, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes merely. It is crucial to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, fiscal advice. The views and opinions expressed in this article are the writer ’ second [ company ’ s ] own and do not inevitably reflect those of CoinMarketCap .