Cryptocurrencies have surged in popularity, becoming a mainstream investment option for both beginners and seasoned traders. With over 19,000 digital currencies now in circulation worldwide, the crypto market continues to evolve rapidly. Among the platforms enabling easy access to this dynamic space is Webull, a commission-free trading app that supports stocks, ETFs, options, and select cryptocurrencies.
If you're wondering how to buy crypto on Webull, you're not alone. Many new investors are turning to user-friendly platforms like Webull to enter the digital asset market without paying trading fees. This guide walks you through the entire process—from account creation to purchasing your first coin—while highlighting key features, limitations, and best practices.
Can You Buy Crypto on Webull?
Yes, you can buy cryptocurrency on Webull. Launched in 2020, Webull Crypto allows users to trade four major digital assets: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The platform offers real-time price data, 24/7 trading, and fractional purchases—making it accessible even with a small budget.
While Webull started as a stock and ETF trading platform, its expansion into crypto reflects growing investor demand. Unlike traditional exchanges such as Coinbase or Binance, Webull integrates crypto trading directly into its existing brokerage interface, offering a seamless experience for users already invested in equities.
However, there are some important limitations:
- No support for transferring crypto off the platform.
- Limited selection of only four cryptocurrencies.
- No built-in wallet for offline storage.
Despite these constraints, Webull remains a solid choice for beginners looking to diversify their portfolios with low-cost, commission-free crypto trades.
👉 Discover how to start trading crypto with zero fees today.
Step-by-Step Guide to Buying Crypto on Webull
1. Open an Account on Webull
To begin, you’ll need to create a Webull account. As a U.S.-based brokerage regulated by the SEC, Webull requires standard Know Your Customer (KYC) verification. You'll need to provide:
- Full name
- Date of birth
- Social Security Number (SSN)
- Residential address
- Employment information
The signup process is fully digital and typically takes less than 10 minutes. Once verified, your account will be ready for funding and trading.
2. Request Crypto Trading Permission
After setting up your account, you must enable crypto trading permissions within the app:
- Tap the Webull icon (center button on the bottom menu).
- Select "More".
- Click on "Crypto Trading" to submit your request.
Approval is usually instant, though it may take up to 24 hours in some cases. Once approved, you can trade crypto anytime—Webull supports 24/7 market access, unlike traditional stock markets.
3. Fund Your Account
Before buying crypto, you need to deposit funds. Webull supports two primary methods:
- Electronic bank transfer (ACH): Free but takes 3–5 business days to settle.
- Wire transfer: Faster (1 business day), but incurs fees from both your bank and Webull.
To link your bank account:
- Go to Account > Transfers > Link Bank Account.
- Enter your routing and account numbers.
- Confirm the micro-deposits sent by Webull (typically under $1).
Once linked, you can transfer money directly from your checking or savings account.
4. Choose and Buy Your Cryptocurrency
With funds in your account:
- Navigate to the Market tab.
- Tap Crypto.
- Select one of the four available coins: BTC, ETH, LTC, or BCH.
You can place either:
- Market Order: Buy immediately at current market price.
- Limit Order: Set a target price; the trade executes only when reached.
For example, if Bitcoin is trading at $60,000 and you place a market order for $100 worth, you’ll receive a fraction of a BTC based on the live rate.
⚠️ Note: Webull applies a 1% spread (100 basis points) on each trade—this is how they make money despite "zero commissions." Always review the effective price before confirming.
5. Monitor Your Investments
Webull provides strong tools for tracking performance:
- Add coins to your watchlist by tapping the star icon.
- Set price alerts to get notified of significant movements.
- Use charting tools to analyze trends and compare two cryptos side-by-side.
These features help you stay informed and make data-driven decisions—even in a volatile market.
Understanding Webull’s Fees and Spreads
While Webull advertises zero-commission crypto trades, it earns revenue through bid-ask spreads. On every transaction, there's approximately a 1% spread built into the price. This means you may pay slightly more than the real-time market value when buying—and get slightly less when selling.
Compared to competitors like Coinbase (which charges ~0.5%–2% in fees plus spread), Webull’s model can be competitive for small, frequent trades—especially for users who also trade stocks or options on the same platform.
Is Webull a Good Crypto Exchange?
Pros:
- ✅ Zero commission trading
- ✅ Integrated with stock/ETF/options accounts
- ✅ User-friendly mobile app
- ✅ Fractional share purchases
- ✅ Real-time data and advanced charting
Cons:
- ❌ Only 4 cryptocurrencies available
- ❌ No external wallet transfers (you can't move crypto off-platform)
- ❌ No cold storage options
- ❌ Spread markup instead of transparent fees
For beginners, Webull offers a low-barrier entry point into crypto investing. However, advanced traders may find the lack of transferability and limited coin selection restrictive.
👉 Explore a platform that supports wider crypto access and wallet flexibility.
Frequently Asked Questions
Can I transfer my crypto from Webull to another wallet?
No. Webull does not allow users to withdraw or transfer cryptocurrency to external wallets, including hardware wallets like Trezor or Ledger. Your assets remain custodied on the platform.
Are there any fees for trading crypto on Webull?
Webull charges no commissions, but applies a ~1% spread on each trade. This is not a direct fee but affects your effective buy/sell price.
Does Webull offer a crypto wallet?
Webull does not provide a standalone cryptocurrency wallet. While it securely holds your digital assets, they cannot be moved off the platform for self-custody.
What cryptocurrencies are available on Webull?
Currently, only four: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Is Webull safe for crypto investing?
Yes, Webull is a regulated U.S. brokerage protected by SIPC insurance (up to $500,000). However, SIPC does not cover cryptocurrency losses due to hacking or market volatility—so holding large amounts long-term carries risk.
Can I trade crypto 24/7 on Webull?
Yes. Unlike stock markets, Webull offers round-the-clock crypto trading, allowing you to react to global market movements at any time.
Final Thoughts
Webull is a compelling option for investors already using the platform for stocks and ETFs who want to add crypto exposure with minimal friction. Its clean interface, zero-commission model, and integration with traditional investments make it ideal for casual traders and newcomers.
However, if you're serious about long-term crypto ownership or want more control over your private keys and storage, consider using a dedicated exchange that supports wallet exports and broader altcoin selections.
👉 Start your next crypto move with a platform built for flexibility and security.