Should You Buy Crypto on Webull?
Webull is a growing global crypto and stock trading platform. Find out if it’s the right exchange for you.
Table of Contents
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Webull Review
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Is Webull Safe?
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How Much Are the Trading Fees?
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How to Buy Crypto on Webull
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Key Steps for Buying Crypto on Webull
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Do You Own Crypto on Webull?
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Can You Buy Dogecoin (DOGE) on Webull?
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Which Other Coins Does Webull Offer?
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How to Sell Crypto on Webull
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Webull Trading – How Does it Compare?
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Day Trading on Webull
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Webull vs. Coinbase
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Webull vs. Binance
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Webull vs. Kraken
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Webull vs. Gemini
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Final Thoughts – Should You Invest in Crypto?
Webull Review
Founded in 2017 by Wang Anquan, ex-Alibaba finance director, Webull has been nicknamed the “Chinese Robinhood.” Like Robinhood, it offers commission-free stock and crypto trading with a mobile-first focus, aiming to make investing more intuitive and enjoyable.
Its mobile app, launched in 2018, streamlines signup, making it quick for new traders to start. The clean interface allows users to view charts, trade, and track portfolios. Unlike Robinhood’s very minimal setup, Webull provides more analytics, appealing to both beginners and experienced traders.
Is Webull Safe?
Webull Financial LLC is regulated by the SEC and FINRA and is a member of NYSE, NASDAQ, and CBOE EDGX. Client assets are protected by SIPC up to $500,000 ($250,000 cash). Apex Clearing, Webull’s clearing firm, has extra insurance covering up to $37.5M in securities and $900K in cash per customer.
Crypto services are provided by Apex Crypto LLC, which is not a broker-dealer, FINRA member, or FDIC/SIPC insured.
How Much Are the Trading Fees?
Webull offers commission-free trading with no account opening or maintenance fees, making it attractive for cost-conscious investors.
How to Buy Crypto on Webull
Deposit funds from your bank into Webull, then use your buying power to purchase stocks or crypto through the app. Availability depends on your region—Webull supports trading in the U.S. (most states), China, South Korea, India, and other crypto-permitting countries.
Key Steps for Buying Crypto on Webull
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Tap the search icon and look for “crypto” or your desired coin.
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Select the coin to open its trading page with live and historical data.
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Hit “buy,” enter your fiat amount, and review your order.
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Confirm the trade to complete your purchase.
Do You Own Crypto on Webull?
No—users cannot withdraw crypto or access private keys. Trades are settled in fiat. Webull plans to offer hosted wallets and withdrawals in the future.
Can You Buy Dogecoin (DOGE) on Webull?
Yes. DOGE is among eight cryptos available, alongside BTC, ETH, LTC, BCH, ZEC, XLM, and ETC. Buying DOGE works just like buying stocks on Webull.
How to Sell Crypto on Webull
From your holdings, select the coin, choose “sell,” enter the amount, and confirm. Proceeds are converted to brokerage cash for withdrawal. Capital gains taxes apply.
Webull Trading – How Does it Compare?
Webull offers commission-free trading, robust charting tools, and a social feed. It supports IRAs and individual accounts but lacks mutual funds and some retirement options.
Day Trading on Webull
Day traders benefit from zero commissions, good margin rates, and mobile access. While more advanced than Robinhood, it offers fewer pro tools than long-standing brokers like Fidelity or Schwab.
Webull vs. Coinbase
Coinbase focuses solely on crypto, offering over 50 assets, staking, rewards, and easy withdrawals to wallets—features Webull lacks.
Webull vs. Binance
Binance lists 350+ coins, offers staking, futures, P2P trades, and full custody control. Webull’s crypto selection is much smaller.
Webull vs. Kraken
Kraken provides advanced tools, 24/7 support, and strong security. Webull also offers around-the-clock help but fewer crypto features.
Webull vs. Gemini
Gemini offers up to 7.4% APY, credit cards, and 45+ cryptos with user custody options. Webull focuses on ease of trading but without withdrawals.
Final Thoughts – Should You Invest in Crypto?
Webull is convenient for traders who want exposure to crypto prices without managing wallets. But crypto markets are volatile—educate yourself before investing to avoid costly mistakes.
