Can You Buy Crypto on Webull? Everything You Need to Know

Webull has made a name for itself as a commission‑free stock trading platform that appeals to tech‑savvy investors. Over the past few years the app has expanded its offering, adding options, ETFs, and even a handful of crypto assets. If you’ve been wondering can you buy crypto on Webull, you’re not alone. The question pops up in forums, social media groups, and during casual chats at coffee shops where people compare their favorite trading apps.

In this article we’ll walk through the entire process—from account setup to the moment you hit “Buy” on your first Bitcoin or Ethereum. We’ll also explore fees, security measures, and the pros and cons of using Webull for crypto. By the end, you’ll have a clear picture of whether Webull fits your crypto‑trading style, and you’ll pick up a few practical tips to make your experience smoother.

Whether you’re a seasoned trader who already owns stocks on Webull or a complete beginner looking for a single app that handles both equities and digital assets, the information below will help you decide if the platform meets your needs.

can you buy crypto on Webull: A comprehensive overview

Yes, you can buy crypto on Webull, but there are a few nuances to keep in mind. Unlike dedicated crypto‑only exchanges such as Binance or Coinbase, Webull offers a limited selection of cryptocurrencies—currently Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). The platform treats these assets more like “crypto‑linked securities” rather than true on‑chain holdings, meaning you won’t receive a private wallet address or control the private keys.

The advantage of this approach is simplicity. If you already have a funded Webull account, you can add crypto to your portfolio without opening a new exchange, completing additional KYC steps, or worrying about securing a separate wallet. However, the trade‑off is reduced flexibility—no staking, no direct withdrawals to external wallets, and limited crypto‑specific features.

Step‑by‑step guide: can you buy crypto on Webull

• 1. Open a Webull account – Sign up using your email or phone number, verify your identity with a government‑issued ID, and complete the standard brokerage onboarding.
• 2. Enable crypto trading – In the app’s main menu, go to “Settings” → “Trading” → “Crypto” and toggle the feature on. You may need to answer a brief questionnaire about your experience with digital assets.
• 3. Fund your account – Deposit cash via ACH, wire transfer, or linked bank account. If you’re new to Webull, you might find the How to Deposit Money in Crypto.com – Step‑by‑Step Guide useful for understanding the deposit flow, even though it’s a different platform.
• 4. Locate the crypto market – Use the search bar and type “BTC,” “ETH,” or the other supported symbols. The crypto section will appear alongside stocks and ETFs.
• 5. Choose your order type – Webull supports market, limit, and stop orders for crypto, just like it does for stocks. Decide how much you want to spend and whether you prefer immediate execution (market) or a specific price point (limit).
• 6. Confirm the purchase – Review the order details, including the estimated price and total cost, then tap “Buy.” The crypto will instantly appear in your Webull portfolio.
• 7. Monitor and manage – You can track price movements, set price alerts, and even sell your holdings directly from the app.

That’s it—once the order fills, you’ll see the crypto balance reflected in your account. Remember, you cannot transfer these assets off Webull, so they remain “in‑platform” holdings.

Fees, limits, and what you pay for

One of the biggest draws of Webull is its zero‑commission model for stocks and ETFs, and the same philosophy extends to crypto. Technically, there’s no explicit trading fee when you can you buy crypto on Webull, but the platform does embed a spread in the quoted price. The spread varies by asset and market conditions, typically ranging from 0.5% to 2%.

If you’re a high‑volume trader, this spread can add up. For example, buying $1,000 worth of Bitcoin with a 1% spread effectively costs you $10 more than the market price. Webull also imposes a minimum trade size of $5 for crypto, which is friendly for beginners who want to test the waters without committing large sums.

Unlike some other brokers, Webull does not charge withdrawal fees because you can’t withdraw crypto. However, you’ll still incur standard banking fees for funding your account (e.g., ACH transfer fees from your bank). Always check the latest fee schedule in the app’s “Fees & Limits” section before you trade.

Security and regulatory considerations

When you ask can you buy crypto on Webull, security is a natural follow‑up question. Webull is a registered broker‑dealer with the SEC and FINRA, and it holds crypto assets in cold storage with a third‑party custodian. This means your crypto is not stored on the exchange’s own servers, reducing the risk of hacking.

Because Webull does not give you private keys, you’re essentially trusting the custodian to safeguard the assets. For many investors, this is a comfortable arrangement—especially if you’re new to crypto and don’t want the responsibility of managing a personal wallet. If you prefer full control, you might consider a dedicated exchange or a hardware wallet instead.

Regulatory-wise, Webull complies with U.S. anti‑money‑laundering (AML) and know‑your‑customer (KYC) regulations. The platform is not available in all states; for instance, residents of Hawaii and New York currently cannot trade crypto on Webull due to local licensing restrictions.

Pros and cons of buying crypto on Webull

• Pros
  • Integrated with your existing brokerage account—no need for a separate app.
  • Zero‑commission trading (spread‑based pricing).
  • Easy-to‑use mobile interface with real‑time charts.
  • SEC‑registered broker, offering a level of regulatory oversight.
• Cons
  • Limited selection of cryptocurrencies.
  • No ability to withdraw to external wallets or use DeFi services.
  • Spreads can be higher than the lowest‑cost exchanges.
  • Crypto features are newer, so some advanced tools (e.g., futures, options) are missing.

Tips: can you buy crypto on Webull safely and smartly

• Start with a small amount to get familiar with the platform’s order types and price quotes.
• Use limit orders if you want to avoid paying the higher end of the spread.
• Set price alerts so you can react quickly to market swings.
• Regularly review the “Security” tab in the app to enable two‑factor authentication (2FA) and biometric login.
• Consider diversifying your crypto exposure by also holding assets in a personal wallet for long‑term storage.

How does Webull compare to other broker‑apps?

If you’ve read the Can You Trade Crypto on Robinhood? A Complete Guide, you’ll notice that Robinhood and Webull share many similarities: both offer a limited crypto menu, no direct withdrawals, and spread‑based pricing. However, Webull’s charting tools are generally more advanced, and the platform tends to have slightly lower spreads on major pairs like BTC and ETH.

On the other hand, dedicated crypto exchanges such as Crypto.com (see the How to Deposit Money in Crypto.com – A Complete Step‑by‑Step Guide) provide a broader asset list, staking options, and the ability to move funds off‑exchange. If you’re after a one‑stop shop for both traditional stocks and a full‑featured crypto experience, you might eventually need two accounts.

Is Webull right for you?

The answer to can you buy crypto on Webull is a clear “yes,” but whether it’s the right choice hinges on your investment goals. If you value simplicity, already trade stocks on Webull, and only need exposure to the major cryptocurrencies, the platform is a convenient entry point. If you’re looking for a wider array of tokens, DeFi participation, or the ability to store your crypto in a hardware wallet, you’ll likely outgrow Webull’s offering.

One practical strategy is to start small on Webull, get comfortable with market dynamics, and then gradually migrate a portion of your holdings to a dedicated exchange for advanced features. This hybrid approach lets you enjoy the best of both worlds: the seamless brokerage experience of Webull and the flexibility of a full‑service crypto platform.

In summary, the question “can you buy crypto on Webull” is answered with a qualified yes. The platform delivers a user‑friendly, zero‑commission experience for a handful of major coins, backed by solid security and regulatory compliance. Keep the limitations in mind, watch the spread, and use the built‑in tools to manage risk. With those precautions, Webull can serve as a solid stepping stone into the world of digital assets.