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How to Buy Crypto on Webull? How do I Trade Crypto on Webull?

Webull is an electronic trading platform that allows trading in stock, options, and crypto. To buy crypto on Webull, you need to open an account with Webull and allow crypto trading in the app.

by Damodharan N

Updated Apr 08, 2024

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How to Buy Crypto on Webull? How do I Trade Crypto on Webull?

How to Buy Crypto on Webull?

To buy crypto on the Webull exchange platform, users need to do the following:

  • Open Account: The user needs to open an account with his or her KYC documents.
  • Transfer money: if users want to buy cryptocurrencies, then they need to deposit money through a wire transfer. 
  • Obtain crypto trading permission: to trade cryptocurrency in Webull, give in-app permission to allow crypto trading.
  • Select cryptocurrency: Select which currency you want to trade and select your option. 

After buying the cryptocurrency, users do not have the standard wallet storage feature. This is a bummer, but users can still buy it if they have already used Webull and trust this platform.

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What is Webull?

Webull is an electronic trading platform that uses the internet as its foundation. It primarily focused on the stock market when it was founded in 2017. In 2020, the company started its venture into the crypto trade and has been doing well.

The platform is available on both desktops and apps. Their websites claim there is no commission fee for accessing their platform for trading stocks, ETFs, and options. However, certain indexes will be charged based on the contract fee. The regulatory fee is also applicable, so it's not entirely free.

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How Many Cryptos are Available on Webull?

Webull allows for trade with cryptocurrency, but the coins available for trade are less in number compared ot other platforms. Currently it has 8 cryptocurrencies that are still the largest and growing, like Bitcoin, Ethereum, Dogecoin, Shiba Inu, Litecoin, USD coin, Bitcoin cash, and Ethereum Classic USD.

The reason for these coins alone being available on their platform is not known, but maybe the trust and reliability of these might be one of the reasons.  But th platform has plans ot biring in more currencies in future 

The lack of more options in crypto trade might be an issue, but with any other trade starting with 8 coins, it is a bigger option to venture into crypto trade for novices. So if you are just now trying your hand, then starting at 8 might be the best bet. Instead, choose from 1000’s of coins.

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How do I Trade Crypto on Webull?

To trade crypto on WeBull, users need to allow the crypto trading allowed in the app.In the app, users can start with a minimum investment of 1 dollar and start trading with the crypto coins available.

The trading time is 24/7, except for the maintenance time period of 5.30–6.30 p.m. eastern time. On WeBull, like any other platform, users can trade in cryptocurrency, like market orders and limit orders.

But it does not allow the users to get the coins stored in the wallet feature, so the purpose is mainly for trade, so users need to know what they are getting into by trading in Webull, especially for cryptocurrency. 

Benefits of Crypto Trade in Webull 

  • It has no commission fee for trading in crypto, which is good compared to other platforms. 
  • It has an easier-to use investor platform to trade and sell cryptocurrencies via its platforms compared to its peers.
  • Enjoy tech and enjoy investing is the motto of Webull; likewise, the platform provides multiple charts and tools to analyze the cryptocurrency. 
  • It is a highly reliable platform as it has compiled many international regulatory regime rules and compliances.
  • It is available in a wide range of geographical regions, showcasing the wide range of acceptance for it. 

How to Buy Crypto on Webull - FAQs

1. What is Webull?  

Webull is an electronic trading platform.

2. How many cryptocurrencies are available for trading on Webull?  

There are 8 cryptocurrencies available for trading on Webull.

3. What time will Webull not allow cryptocurrency trading?  

Webull did not allow cryptocurrency trading between 5.30 and 6.30 p.m. eastern time due to maintenance.

4. Does Webull allow the Wallet feature in its cryptocurrency?  

The wallet feature is not available in Webull, but its main purpose is to trade in cryptocurrency instead of storage.

5. How do I trade cryptocurrency on Webull?  

The crypto currency trade will happen based on market and limit orders. With a minimum investment of $1. 

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.