Webull has been offering cryptocurrencies since 2020 but its list keeps getting updates. In this post, I will share with you a comprehensive list of all the cryptos that you can trade on Webull in 2023.
You can also check out my detailed guide to trading crypto on Webull here.
List of Cryptos on Webull.
webull crypto list
|Basic Attention Token|
|Uniswap Protocol Token|
|Curve DAO Token|
|Bancor Network Token|
|Compound Governance Token|
You can trade all of these cryptocurrencies across all states apart from New York. In New York, you can only trade the following 9 crypto tokens on Webull:
- Litecoin (LTCUSD)
- Ethereum (ETHUSD)
- Bitcoin Cash (BCHUSD)
- Basic Attention Token (BATUSD)
- Chainlink (LINKUSD
- BNTUSD (BNTUSD)
Is webull legit?
Yes, Webull is a registered broker in the United States with the SEC. It is a member of FINRA and SIPC insured. Its crypto arm is owned by Apec Crypto LLC. This entity is not insured just like all other platforms that you buy crypto from. The company also operates in geographies outside the US.
Is Webull good for beginners?
Webull is especially popular with young investors. The mobile app and its desktop version are intuitive and easy to use. If you are looking to trade cryptocurrency I would personally recommend you go with a crypto exchange. Exchanges offer a wider selection, can be cheaper and should you send your crypto to a wallet, are safer too.
What are Webull’s fees for cryptocurrency trading
While Webull says they charge zero commission they do charge 100 basis points markup. This means you will pay 1% extra when you make a purchase. You might think that this is not the end of the world however you should know that this is on the higher side when it comes to crypto fees. Other exchanges charge way less.
What is the downside to Webull?
Apart from the high fees Webull has come under intense criticism on Reddit for the poor customer support. Webull is loved by younger investors who are used to addressing their concerns to bots or to Google. However, there is an evident frustration with not being able to speak to anyone in case you need to troubleshoot something. Usually, most complaints have to do with delays in funds getting settled.
What are the three best crypto stocks?
Bitcoin and Ethereum are by far the most popular cryptocurrencies. Bitcoin has a market cap of $500Bn while Ethereum follows up at a close second with more than $200Bn in market capitalization. Most people will agree that these are the two crypto stocks that have the stickiest narratives. If you want to understand why then I recommend you study elementalcrypto in detail. You can learn about crypto here. This way you can decide which is the third runner-up.
What is the best crypto on Webull?
The best cryptos to trade on Webull as Bitcoin, Litecoin, and Bitcoin Cash because you can send this crypto off Webull to another exchange.
What new crypto is available on Webull
The latest crypto that Webull added was Ape Coin in March 2022. Since then they have not updated their list but I expect more will be added at some point in the coming months.
Buying crypto on Webull vs other trading platforms
Is it better to buy crypto on Webull or Robinhood?
Robinhood has a slightly lower selection than Webull. However, Robinhood offers users their own wallets. This means that when you buy crypto on Robinhood you actually own it. Robinhood also holds the largest amount of Dogecoin out of all crypto exchanges and brokerages.
In terms of fees, Robinhood is also zero-commission though it is not clear whether you end up paying a higher price or not compared to Webull.
Is it better to buy crypto on Webull or Coinbase?
Coinbase also charges 1% on transactions. The benefit of using Coinbase is that you can move your crypto of the exchange into a hardware wallet or hot wallet for security. Also, Coinbase offers its users a much wider selection of cryptocurrencies to choose from. The counterargument to using Webull instead of Coinbase is that Coinbase does not offer mainstream financial products such as stocks, bonds, mutual funds, or exchange-traded funds (ETFs). However, there is nothing to prevent you from using both.
What is Webull?
Webull Financial LLC is a registered broker-dealer with the Securities Exchange Commission and a member of the securities investor protection corporation and the financial industry regulatory authority
Webull offers commission-free trading to its user via its mobile app and desktop platform. On Webull you can buy stocks, fractional shares, ETFs and crypto assets and fractional coins. There is no minimum deposit requirement.
When you open a Webull account and deposit $100 Webull also rewards you with a bonus stock. The more you deposit on the Webull app the more bonus stocks you receive.
A quick guide to buying crypto on Webull
Buying crypto on Webull is pretty easy. Follow these simple steps to get started
- Sign up for Webull with your email address and connect your bank account
- Make a wire transfer if outside the US or an ACH transfer within the US to fund your account. Electronic transfers usually take one business day although they can take up to 4 business days.
- There are two main account types to choose from. Select whether you will open a cash account or a margin account. You also have the option to open an options trading account but this is not for crypto. For new investors, the safest option is to open a normal trading account. Margin accounts allow you to borrow money from Webull but are way riskier as you can easily magnify your losses.
- Now navigate to the main portfolio page and use the search icon to find the cryptocurrency you wish to purchase
- Click on buy. You will see you have the option to place a market order or a limit order. If you are new to trading select market order. This will buy the cryptocurrency at the prevailing price. A limit order will ask to set a threshold above which you are not willing to buy. This is more useful for more active traders.
- Webull will also ask you to verify your transaction using two-factor authentication. If you have not set this up Webull will prompt you to do so.
- Once you confirm your order your trade will go through.
Crypto restrictions on Webull
If you plan to trade crypto on Webull you should be aware of the following limitations
- Crypto trading is not available for IRA retirement accounts.
- Crypto on Webull is only available 23/7 not 24/7. Yes, you heard that right, trading hours for crypto in Webull a restricted and not available between 5:30 pm and 6:30 pm ET.
If you’re wondering whether Webull has crypto you have come to the right place. In this guide, I will walk you through all you need to know about buying crypto on Webull. I will show you some simple instructions on what you need to do and how to go about it. Read more.
Webull is one of the most popular brokerages to trade cryptocurrencies on. Yet one of its major drawbacks is the fact that it does not offer a crypto wallet. This is annoying because it means that you cannot take custody of your crypto like you can with other brokerages such as Robinhood and eToro. However, Webull has announced that it does plan to offer a crypto wallet in the near future. In this article, I will share with you everything there is to know about Webull launching its own wallet. Read more.
There seems to be some conflicting information online as to whether you can paper trade crypto on Webull or not. Some sites say you can. Some say you can’t. Webull themselves are not very transparent. While they clearly state that they offer paper trading they do not describe which financial products paper trading is available for. To clarify things I reached out to Webull. Here is what they say. Read more.
With Webull continuing to add more cryptocurrencies to its platform many wonder what the deal is with Safemoon. In September 2021 Webull listed Safemoon in its charts and Safemoon soared to the top spot for Webull popularity rankings in terms of comments. Many hope that this was a signal that Webull planned to list Safemoon. Read more.