Can I Buy Crypto on Webull? A Complete Guide

Webull has made a name for itself as a commission‑free broker for stocks, ETFs, and options, attracting a wave of retail investors who love its sleek interface and powerful charting tools. But as the crypto craze keeps growing, many users start wondering whether they can extend those same benefits to digital assets. In short, the answer isn’t as black‑and‑white as “yes” or “no.”

In this article we’ll walk through everything you need to know about buying crypto on Webull: the types of tokens offered, the mechanics of a purchase, the fees you’ll encounter, and the regulatory nuances that might affect you. Whether you’re a seasoned trader looking for a new venue or a beginner curious about dabbling in Bitcoin and Ethereum, this guide will give you a clear picture of what Webull can (and cannot) do for your crypto portfolio.

Along the way we’ll sprinkle in a few helpful resources, like the Can I Buy Crypto in IRA? Complete Guide for those thinking about tax‑advantaged accounts, and the Can You Send Crypto From Robinhood? A Complete Guide if you’re juggling multiple platforms.

can i buy crypto on webull: the basics

The short answer to “can i buy crypto on Webull?” is yes—Webull does allow you to purchase a limited selection of cryptocurrencies directly from its app. However, the offering is not as extensive as dedicated crypto‑only exchanges, and there are a few quirks that set Webull apart.

• Supported coins: As of early 2026, Webull supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE). The list may expand, but it remains modest compared to platforms like Coinbase or Crypto.com.
• Custodial model: When you buy crypto on Webull, the assets are held in a custodial wallet managed by a third‑party partner. You don’t get a private key, which means you can’t transfer the coins to an external wallet directly from Webull.
• Trading interface: Purchases are executed through the same order‑entry screen you use for stocks, giving you a familiar experience if you’re already a Webull user.

can i buy crypto on webull – step‑by‑step process

Here’s a quick rundown of how you actually place a crypto trade on Webull:

1. Open a Webull account: If you don’t already have a brokerage account, sign up on the app or website. You’ll need to complete standard KYC verification (ID, address, etc.).
2. Enable crypto trading: Within the app, navigate to the “Crypto” tab and toggle the “Enable Crypto Trading” switch. This may require you to acknowledge a separate risk disclosure.
3. Fund your account: Deposit cash via ACH, wire, or linked bank account. The cash balance will be used to purchase crypto.
4. Select your coin: Choose from the supported list (BTC, ETH, etc.) and enter the amount you wish to buy, either in dollars or in the coin’s quantity.
5. Place the order: You can use market, limit, or stop orders—just like with stocks. Once filled, the crypto appears in your “Crypto Wallet” tab.
6. Monitor and manage: Track price changes, set alerts, or sell back to cash whenever you want. Remember, you cannot withdraw the crypto to an external wallet; you can only sell it on Webull.

If you’re curious about the tax implications of buying crypto in a brokerage account, check out the Can I Buy Crypto in IRA? Complete Guide for a deeper dive.

Fees and limits when you ask “can i buy crypto on Webull?”

One of the biggest concerns for any trader is cost. Webull markets itself as “commission‑free” for stocks, but crypto trades come with a spread and occasional fees.

• Spread: Webull adds a built‑in spread of roughly 0.5%–1% to the market price. This is how the platform earns revenue on crypto transactions.
• Withdrawal fee: Because you cannot withdraw crypto to an external address, there’s no direct withdrawal fee. However, when you sell crypto back to cash, you’ll pay the standard stock‑trade fee structure (which is still $0 commission).
• Minimum order size: The minimum purchase is typically $10 worth of the selected cryptocurrency, though this can vary slightly by coin.
• Daily limits: New accounts may face a $5,000 daily purchase limit for crypto, which can be increased after additional verification.

Overall, the cost structure is transparent, but the spread can make the effective price a bit higher than on dedicated crypto exchanges.

can i buy crypto on webull safely? security considerations

Security is a top priority for anyone handling digital assets. When you ask “can i buy crypto on Webull?” you’re also implicitly asking if the platform is safe.

• Regulatory oversight: Webull is a registered broker‑dealer with the SEC and FINRA, which adds a layer of regulatory protection not present on many pure‑play crypto platforms.
• Custodial partner: The actual crypto holdings are stored with a reputable custodial service that employs cold storage and insurance. However, because you don’t control private keys, you’re trusting the custodian.
• Two‑factor authentication (2FA): Enable 2FA on your Webull account to protect against unauthorized access.
• Insurance: Webull’s brokerage insurance (SIPC) covers cash and securities up to $500,000, but it does not cover crypto losses due to hacking of the custodian.

If you need a platform that offers non‑custodial wallets, you might explore options like Crypto.com. Their Is Crypto.com a Good App? In‑Depth Review provides a comprehensive look at wallet control and security features.

Alternatives and why you might still prefer Webull

Even though the answer to “can i buy crypto on Webull?” is a qualified yes, many users compare it with other platforms to see which fits their needs best. Here’s a quick side‑by‑side of Webull vs. a few popular alternatives:

Feature	Webull	Coinbase	Crypto.com
Supported Coins	5 major coins	Over 200	~150
Custodial	Yes (third‑party)	Yes (self‑custody optional)	Yes (self‑custody optional)
Withdraw to External Wallet	No	Yes	Yes
Commission	None (spread only)	Variable fee + spread	Variable fee + spread
Regulatory Protection	Broker‑dealer regulated	Registered Money Service Business	Registered Money Service Business

If you’re primarily interested in a simple, all‑in‑one dashboard for both stocks and a handful of cryptos, Webull’s integrated approach can save you the hassle of juggling multiple apps. On the other hand, if you need a wider selection of tokens or the ability to move your crypto off‑exchange, a dedicated crypto platform may be a better fit.

can i buy crypto on webull and then transfer it? – the short answer

Direct transfers out of Webull’s crypto wallet are not supported. The only way to move crypto elsewhere is to sell the holdings back to cash and then withdraw the cash to your bank. If moving crypto is a priority, you might explore how to send crypto from Robinhood or other platforms that allow external withdrawals.

Tax implications and reporting

Because Webull treats crypto as property (like the IRS does for all digital assets), every purchase, sale, and trade generates a taxable event. When you answer “can i buy crypto on Webull?” you should also consider how you’ll handle tax reporting:

• Cost basis: Webull automatically calculates your cost basis using the average‑cost method.
• Form 1099‑B: At year‑end, Webull issues a 1099‑B for any crypto sales that meet the reporting threshold.
• Capital gains: Short‑term gains (held < 1 year) are taxed as ordinary income, while long‑term gains receive favorable rates.

If you’re interested in tax‑advantaged crypto investing, revisit the Can I Buy Crypto in IRA? Complete Guide for strategies around self‑directed IRAs.

Future outlook – will “can i buy crypto on webull” evolve?

Regulatory landscapes are shifting fast. The SEC and state regulators are scrutinizing crypto brokerage services, which could lead to expanded offerings or stricter limits. Webull has hinted at exploring more tokens and possibly introducing a non‑custodial wallet feature in 2027. If that happens, the answer to “can i buy crypto on Webull?” could become a definitive “yes, with full control.” For now, stay updated by checking Webull’s announcements and reading recent news on crypto‑brokerage regulations.

In summary, you can indeed purchase a handful of popular cryptocurrencies on Webull, but the experience is tailored for investors who want to keep everything under one brokerage roof. The platform offers a seamless, commission‑free stock experience extended to crypto, with a modest spread and custodial storage. If you need broader coin selections, external withdrawals, or full control of private keys, you might look beyond Webull. Either way, always weigh fees, security, and tax considerations before committing your capital.