Is Webull the Best Platform to Buy Crypto in 2025? A Comprehensive Review
Webull has emerged as a popular trading platform for both stocks and cryptocurrencies, often dubbed the "Chinese Robinhood." Founded in 2017 by Alibaba veteran Wang Anquan, Webull offers commission-free trading, a user-friendly interface, and advanced tools for investors. But is it the right choice for crypto enthusiasts? This guide dives into Webull's features, safety measures, fees, and how it stacks up against competitors like Coinbase and Binance. Whether you're a beginner or a seasoned trader, this review will help you decide if Webull is the best platform for your crypto investments.
What Is Webull?
Webull is a mobile-first trading platform that allows users to invest in stocks, ETFs, and cryptocurrencies. Launched in 2018, it quickly gained popularity for its sleek interface, commission-free trading, and advanced charting tools. Unlike traditional brokerages, Webull caters to a younger, tech-savvy audience with features like social trading and real-time market data.
The platform was founded by Wang Anquan, a former Alibaba executive, and has since expanded globally, offering services in the U.S., China, South Korea, and other crypto-friendly regions. Webull's mission is to make investing accessible and enjoyable, combining the simplicity of apps like Robinhood with the depth of professional trading platforms.
Is Webull Safe for Crypto Trading?
Webull Financial LLC is regulated by the SEC and FINRA, ensuring compliance with U.S. financial laws. It’s also a member of SIPC, which protects users’ cash and securities up to $500,000. However, crypto trading on Webull is facilitated by Apex Crypto LLC, which is not SIPC or FDIC insured.
While Webull’s stock and ETF offerings are well-protected, crypto assets carry additional risks. Users don’t own the private keys to their crypto holdings, meaning they can’t transfer coins off the platform. For those prioritizing security, a dedicated crypto exchange with self-custody options might be preferable.
How Much Does Webull Charge for Crypto Trading?
Webull’s biggest selling point is its commission-free trading. There are no fees for buying, selling, or maintaining a crypto account. However, the platform earns revenue through payment for order flow (PFOF), which may slightly impact trade execution prices.
Compared to crypto exchanges like Coinbase, which charge up to 0.50% per trade, Webull’s fee structure is highly competitive. But remember: you’re trading crypto derivatives, not actual coins, which limits functionality like staking or transfers.
How to Buy Crypto on Webull
Buying crypto on Webull is straightforward:
- Deposit funds from your bank account.
- Search for the cryptocurrency (e.g., Bitcoin or Dogecoin).
- Enter the amount you wish to invest.
- Review and confirm the trade.
The platform supports eight cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Note that availability varies by region due to regulatory restrictions.
Can You Withdraw Crypto from Webull?
Currently, Webull doesn’t allow crypto withdrawals. You can only sell your holdings for fiat currency, which can then be withdrawn to your bank account. This makes Webull better suited for traders than long-term crypto holders.
The platform has hinted at future wallet integration, but until then, users seeking full ownership of their crypto should consider alternatives like Binance or Kraken.
Webull vs. Other Crypto Platforms
| Feature | Webull | Coinbase | Binance |
|---|---|---|---|
| Crypto Selection | 8 coins | 50+ coins | 350+ coins |
| Fees | 0% | 0.50% | 0.10% |
| Crypto Withdrawals | No | Yes | Yes |
Final Verdict: Should You Use Webull for Crypto?
Webull excels as a beginner-friendly platform for trading crypto alongside stocks. Its zero fees and intuitive interface make it ideal for casual investors. However, serious crypto traders may find its limited coin selection and lack of withdrawal options restrictive.
If you’re looking to actively trade crypto without the complexity of a dedicated exchange, Webull is a solid choice. But for long-term holding or advanced features like staking, consider pairing it with a traditional crypto platform.
Frequently Asked Questions
Is Webull safe for cryptocurrency trading?
Webull is regulated for securities trading but doesn’t offer SIPC insurance for crypto. Your funds are protected against platform insolvency but not against market volatility or hacking.
What cryptocurrencies can I buy on Webull?
Webull supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Zcash (ZEC), Stellar (XLM), and Ethereum Classic (ETC).
Does Webull charge fees for crypto trading?
No, Webull offers commission-free crypto trading. However, spreads may be slightly wider than on dedicated crypto exchanges.
Can I transfer my crypto from Webull to another wallet?
Not currently. Webull only allows you to trade crypto, not withdraw it to external wallets. This feature may be added in the future.
Is Webull better than Robinhood for crypto?
Webull offers more advanced charting tools and market data than Robinhood, but both platforms have similar crypto offerings and limitations.
