Webull is a popular trading platform that offers a variety of investment options, including stocks, ETFs, options, and cryptocurrencies. While many traders use Webull for traditional investments, the platform’s crypto trading feature has also attracted a lot of attention from traders who are interested in buying and selling cryptocurrencies.
In this article, we’ll take a closer look at Webull’s crypto trading feature and provide a comprehensive guide to trading cryptocurrencies on Webull.
Getting Started with Webull Crypto
Before you can start trading cryptocurrencies on Webull, you’ll need to create an account and complete the registration process. The process is fairly simple and requires you to provide basic information like your name, email address, and phone number.
Once you’ve registered and logged into your Webull account, you’ll need to navigate to the “Trade” tab at the bottom of the screen and select “Cryptos.” From there, you can select the cryptocurrency you want to trade and start buying and selling.
Supported Cryptocurrencies on Webull
Webull supports a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), and more. You can view the complete list of supported cryptocurrencies by navigating to the “Trade” tab and selecting “Cryptos.”
Buying and Selling Cryptocurrencies on Webull
Buying and selling cryptocurrencies on Webull is similar to trading traditional securities. To buy a cryptocurrency, you’ll need to select the cryptocurrency you want to buy and enter the amount you want to purchase. Webull will display the current market price and allow you to place a market or limit order.
If you want to sell a cryptocurrency, you’ll need to navigate to the “Positions” tab and select the cryptocurrency you want to sell. From there, you can enter the amount you want to sell and place a market or limit order.
Webull also offers a variety of advanced trading features, including stop-loss orders, which allow you to automatically sell a cryptocurrency if it drops below a certain price, and trailing stop orders, which allow you to automatically adjust your stop-loss order as the price of a cryptocurrency increases.
Fees and Limits on Webull Crypto
Webull charges a 0.12% trading fee on cryptocurrency trades, which is lower than many other trading platforms. However, the platform also charges a small withdrawal fee for cryptocurrency transfers, which varies depending on the cryptocurrency you’re transferring.
Webull also imposes trading limits on cryptocurrency trades, which vary depending on the cryptocurrency you’re trading and your account level. To increase your trading limits, you’ll need to upgrade your account by providing additional information and completing additional verification steps.
Webull offers a comprehensive and user-friendly crypto trading feature that allows traders to buy and sell a variety of cryptocurrencies. While the platform charges a small trading fee and imposes trading limits, it also offers a variety of advanced trading features and a lower fee structure than many other trading platforms. If you’re interested in trading cryptocurrencies, Webull is definitely worth considering as a trading platform.