Cryptocurrency trading has become increasingly accessible, and platforms like Webull are making it easier than ever for both beginners and experienced investors to dive into digital assets. This comprehensive guide explores how to buy crypto on Webull, covering its features, fees, available coins, account setup, and more. Whether you're new to crypto or expanding your investment toolkit, this review delivers clear, actionable insights.
What Is Webull Crypto?
Webull Crypto allows users with a Cash or Margin account to buy and sell cryptocurrencies directly within the Webull platform. Unlike futures-based trading offered by some brokers, Webull enables direct ownership of crypto assets. Key benefits include instant settlement on trades, real-time price data, and robust security features like two-factor authentication (2FA). With a $1 minimum investment, users can purchase fractional amounts of popular coins—making crypto investing approachable even with limited capital.
👉 Discover how easy it is to start your crypto journey today.
Advantages of Buying Crypto on Webull
Webull stands out in the crowded brokerage space due to several compelling advantages:
- Zero commission fees: Webull does not charge trade or commission fees for buying and selling crypto.
- Fractional shares: Invest as little as $1 in high-priced cryptocurrencies like Bitcoin or Ethereum.
- Extended trading hours: Trade 23 hours a day, 7 days a week, with only a one-hour daily maintenance window (5:30 PM – 6:30 PM ET).
- Instant settlement: Proceeds from crypto sales are available immediately for reinvestment.
- Educational resources: Access advanced research tools and learning materials ideal for novice traders.
- Strong customer support: 24/7 assistance enhances user confidence and platform reliability.
These features make Webull an attractive option for cost-conscious investors seeking flexibility and ease of use.
How Does Webull Crypto Work?
Webull operates as a direct crypto exchange within its brokerage ecosystem. Users can place market or limit orders directly on supported cryptocurrencies without relying on derivatives. While there are no explicit trading fees, Webull applies a spread markup—typically around 1% (100 basis points)—on each side of the trade. This spread is market-driven and comparable to spreads seen on other major exchanges.
It's important to note that Webull does not offer a crypto wallet. All purchased cryptocurrencies remain custodied on the platform and cannot be transferred externally. This lack of withdrawal functionality is one of Webull’s primary limitations for users seeking full control over their digital assets.
Understanding Buying Power
Your crypto buying power appears at the bottom of the order ticket and reflects the amount you can spend on crypto purchases. It generally matches your available cash balance plus any provisional credit. If proceeds from a recent deposit haven’t settled, your buying power may temporarily differ from your total account balance. However, profits from crypto sales are instantly available for new trades.
Available Cryptocurrencies on Webull
Webull supports a diverse selection of major and emerging cryptocurrencies, including:
- Bitcoin (BTC) – The original decentralized digital currency
- Ethereum (ETH) – A leading blockchain platform for smart contracts
- Litecoin (LTC) – A faster alternative to Bitcoin for payments
- Dogecoin (DOGE) – A popular meme coin with strong community support
- Cardano (ADA) – A proof-of-stake blockchain focused on sustainability
- Polkadot (DOT) – Enables interoperability between blockchains
- Chainlink (LINK) – Connects smart contracts with real-world data
- Shiba Inu (SHIB) – A deflationary meme token
- Uniswap (UNI) – Governance token for a leading decentralized exchange
- Stellar (XLM), DASH, Algorand (ALGO), BAT, Zcash (ZEC), Ethereum Classic (ETC)
This broad selection allows investors to diversify across sectors such as payments, DeFi, media, and blockchain infrastructure.
👉 Explore top-performing cryptocurrencies with real-time data tools.
Webull vs. Robinhood: Crypto Fees Compared
Both Webull and Robinhood offer commission-free crypto trading, but differences exist in execution and offerings.
| Feature | Webull | Robinhood |
|---|---|---|
| Commission Fees | $0 | $0 |
| Spread Markup | ~1% | ~1% |
| Available Coins | 15+ | Fewer options |
| Trading Hours | 23/7 | 24/7 |
| Wallet Functionality | Not available | Not available |
While both platforms earn revenue through payment for order flow and spread markups, Webull offers a slightly wider range of altcoins and superior research tools—giving it an edge for active traders.
Step-by-Step Guide: How to Buy Crypto on Webull
Step 1: Open a Webull Account & Enable Crypto Access
- Visit the Webull website or download the mobile app.
- Sign up using your email and create a password.
- Complete identity verification by uploading a government-issued ID (driver’s license, passport, etc.).
- Select either a Cash or Margin account—both allow crypto trading.
- Once approved (usually within 24 hours), go to More > Crypto Trading to enable the feature.
Step 2: Fund Your Account
You can add money via:
- ACH transfer (free, takes 1–3 business days)
- Wire transfer
- Bank-linked card (may incur fees)
Wait for funds to settle before placing trades.
Step 3: Choose and Purchase Your Crypto
- Navigate to the Market tab and select Crypto.
- Tap on any listed cryptocurrency.
- Enter the dollar amount (minimum $1) or specify units.
- Choose your funding source and submit the order.
Step 4: Monitor Your Investments
Track performance directly from the dashboard. Use built-in charting tools and price alerts to stay informed.
Can You Withdraw Crypto From Webull?
No—you cannot withdraw cryptocurrency from Webull. Since the platform doesn’t provide wallet services, all holdings are non-transferable. To move assets elsewhere:
- Sell your crypto on Webull.
- Withdraw the fiat proceeds to your bank via ACH.
- Deposit funds into a wallet-enabled platform like Coinbase or OKX.
- Re-purchase crypto and transfer it to your personal wallet.
This workaround adds time and potential slippage but remains the only viable method for external transfers.
👉 Secure your digital assets with a trusted wallet-enabled exchange.
Is Day Trading Crypto Possible on Webull?
Yes—Webull supports day trading with near-24/7 market access (excluding the daily maintenance break). However, due to the absence of wallet functionality and transfer options, long-term holders or those wanting full custody may find better alternatives elsewhere. For short-term traders focused on price movements rather than asset control, Webull remains a solid choice.
Minimum Investment Requirements
There is no account minimum to open a Webull account or start trading crypto. You only need **$1** to begin purchasing fractional coins. For meaningful portfolio growth and risk diversification, consider starting with $100–$200.
Frequently Asked Questions (FAQs)
Q: Does Webull charge fees for crypto trading?
A: No, Webull does not charge commissions. However, a spread markup of approximately 1% applies on both buy and sell transactions.
Q: What accounts allow crypto trading on Webull?
A: Only Cash and Margin accounts support crypto trading. Retirement accounts (like IRAs) do not.
Q: Why isn’t my limit order executing?
A: Limit orders aren’t guaranteed because Webull uses market makers instead of traditional exchanges. Your order executes only if the bid/ask meets your specified price.
Q: Is my crypto safe on Webull?
A: Yes—your assets are protected under SIPC insurance up to $500,000 (including $250,000 cash). However, unlike self-custody wallets, you don’t control private keys.
Q: Can I trade crypto on weekends?
A: Yes—Webull offers crypto trading seven days a week, pausing only for one hour daily during maintenance.
Q: Will Webull add more cryptocurrencies in the future?
A: The platform has indicated plans to expand its crypto offerings based on market demand and regulatory compliance.
By combining zero-commission trading, fractional investing, and powerful analytics, Webull provides a streamlined entry point into cryptocurrency markets. While the lack of wallet support limits full ownership, its user-friendly interface and educational tools make it ideal for beginners and active traders alike.