As an investor, you know it pays to keep exploring new opportunities. And in today’s market, crypto is one area that can’t be ignored. So when Webull recently launched crypto trading on its platform, your interest was piqued. Maybe you already use Webull for stocks and are curious how its crypto offering stacks up. Or perhaps you’ve dabbled in crypto on other exchanges but like the idea of managing it alongside your other Webull investments. Either way, you have questions. How does Webull crypto trading work? What coins can you access? Are there any fees to watch out for? This guide will dive into everything you need to know to start trading digital assets seamlessly within Webull. In 10 minutes, you’ll have the key info to decide if adding crypto to your portfolio here makes sense.
An Introduction to Webull Crypto Trading
Webull Crypto allows you to buy and sell digital currencies like Bitcoin, Ethereum, and Dogecoin right from the Webull trading app. If you’re new to crypto, Webull is a great place to start. Their simple interface makes buying and selling cryptocurrency accessible for beginners. Let’s take a look at how Webull Crypto works.
- To get started, you’ll need to enable crypto trading on the Webull app and complete identity verification. This involves entering personal information like your name, address, and Social Security number.
- Once verified, you can deposit funds from your linked bank account or Webull brokerage account to buy crypto. Webull Crypto currently offers 15 major cryptocurrencies including BTC, ETH, LTC, BCH, ETC, USDT, ADA, XRP, DOT, UNI, FIL, LINK, SUSHI, AAVE, and DOGE.
- When you’re ready to buy, select the crypto you want and enter either the amount in USD or the number of coins. Your order will be filled at the current market price. You can also set limit orders to buy or sell at a specific target price.
- Your crypto balances and holdings will appear on your Webull dashboard along with the current market value and price change over time. You can track price movements, read crypto news, and set price alerts to monitor your positions.
- To sell your crypto, simply enter the amount in USD or number of coins you want to sell. The proceeds from your sale will be deposited in your Webull brokerage or bank account. There are no commissions for crypto trades on Webull.
- Webull uses institutional-grade security and encryption to keep your digital assets and personal information safe. Your crypto funds are also insured for up to $250,000.
Webull makes crypto trading straightforward for new investors. Their simple platform, low fees, and educational resources are ideal for anyone looking to buy and sell cryptocurrency. Ready to dive into crypto? Open a Webull brokerage account and enable Webull Crypto to get started.
Supported Cryptocurrencies on Webull
Webull currently offers trading on 13 of the most popular cryptocurrencies. This includes major coins like Bitcoin, Ethereum and Litecoin, as well as some up and coming tokens with lots of hype around them.
Bitcoin (BTC)
The original cryptocurrency that started it all. Bitcoin is a decentralized digital currency that can be sent directly between users without the need for a bank.
Ethereum (ETH)
Ethereum is a blockchain platform for decentralized apps and the second largest crypto after Bitcoin. The native currency is called Ether (ETH) and is used to pay transaction fees on the Ethereum network.
Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency like Bitcoin but with faster transaction confirmation times and lower fees. It’s seen by some as the “silver to Bitcoin’s gold”.
Dogecoin (DOGE)
Dogecoin started as a joke but has become popular and gained mainstream attention. It features a Shiba Inu dog as its mascot and is considered an entry point for new crypto investors due to its low price.
Cardano (ADA)
Cardano is a blockchain platform focused on scalability and security. Its native ADA token is used to pay transaction fees and is staked by holders to earn rewards. Cardano aims to enable fast, low-cost global payments.
XRP (XRP)
XRP is the native cryptocurrency of the XRP Ledger, which is used to facilitate fast, low-cost global payments. XRP transactions settle in 3-5 seconds and the network can handle 1,500 transactions per second.
You’ll also find other popular coins on Webull like Chainlink, Uniswap, Polkadot and more. Webull is consistently adding new cryptocurrencies, so you’ll want to keep an eye out for any new listings. Happy trading!
How to Buy and Sell Crypto on Webull
Webull now offers the ability to trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin right from their trading platform. If you’re new to crypto trading, here’s how you can get started buying and selling digital assets on Webull.
Deposit Funds
The first step is to deposit money in your Webull account to use for trading crypto. You can do an ACH bank transfer, wire transfer, or deposit a paper check. The funds will be available in your account within 3 to 5 business days.
Enable Crypto Trading
Navigate to the Webull website or mobile app and go to Settings > Account & Security. Toggle on “Crypto Trading” to enable this feature in your account. You’ll need to accept the crypto trading agreement to access this capability.
View Available Cryptos
In the Webull platform, select “Crypto” from the “Trade” menu at the top of the screen. This will show you all the cryptocurrencies available for trading on Webull like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You’ll see the current price, daily change, and other details for each crypto.
Place an Order
When you’re ready to buy or sell crypto, go to the “Trade” tab in the Webull platform. Select “Crypto” and choose which digital asset (e.g. Bitcoin) you want to trade. You can place market orders, limit
Webull Crypto Tools and Features
Webull Crypto offers several useful tools and features to help you analyze the market and make informed trading decisions.
Real-time Market Data
Webull Crypto provides real-time market data for over 100 cryptocurrencies so you can see current prices, 24-hour price changes, market caps, and trading volumes. You’ll have the latest information at your fingertips to spot trends and opportunities.
Advanced Charting
Use Webull’s advanced charting tools like multiple indicators (EMA, MACD, RSI), multiple timeframes, drawing tools, and customizable layouts to identify patterns and make strategic buys and sells. You can see how the value of a crypto has changed over time with line, bar, and candlestick charts.
Crypto Screeners
Webull’s crypto screeners let you filter cryptocurrencies by market cap, volume, price, and other metrics to find opportunities that match your trading strategy. You might screen for cryptos with a market cap over $1 billion and a price below $0.50 to uncover undervalued gems with high growth potential.
Watchlists
Create custom watchlists to closely monitor a group of cryptocurrencies you’re interested in. You’ll get live updates on price movements, percentage changes, and other vital stats for cryptos on your watchlist so you can act fast on price swings.
News & Analysis
Stay on top of the latest crypto news and analysis from top providers like Coindesk, Cointelegraph, and BeInCrypto. Webull aggregates the latest news stories, opinion pieces, and reports so you have all the information you need in one place to make the best trading decisions.
Paper Trading
Practice your crypto trading strategy with Webull’s paper trading feature before putting real money on the line. You get $100,000 in virtual funds to buy and sell cryptos so you can learn the ropes and build up experience to become a confident trader.
Tips for Successful Webull Crypto Trading
When trading crypto on Webull, follow these tips to maximize your success:
Do your research
Don’t just buy a coin because you think the name sounds cool or you heard about it from a friend. Do thorough research on the project and understand what problem it’s trying to solve. Check the team behind it and see if they have experience in blockchain. Look at the roadmap and see if timelines are being met. The more you know about a coin, the better your trading decisions will be.
Start small
Don’t go all in on a new coin. Start with a small position to get a feel for how volatile the asset is and how it trades. You can always add to your position over time as you get more comfortable. It’s much easier to average in than average out of a losing position.
Set target prices
Before entering a trade, determine both a target sell price and a stop loss price. That way you have a plan in place for either scenario. As the price moves in your favor, adjust your stop loss up to lock in profits. Don’t get greedy hoping for a bigger gain—stick to your plan.
Use limit orders
When buying or selling crypto, use limit orders rather than market orders. Limit orders allow you to specify the price you want, so you don’t end up with a bad fill in a volatile market. Start with a limit order a few percentage points from the current market price, and adjust as needed.
Keep your emotions in check
The crypto market is extremely volatile, and it’s easy to make emotional trading decisions. Try to keep a level head through ups and downs. Don’t FOMO buy at the top or panic sell at the bottom. Stick to the trading plan you put in place. Emotions are the enemy of successful trading.
Following these tips will help set you up for success as a Webull crypto trader. Do your homework, start small, have a plan in place, use limit orders, and leave your emotions out of it. With practice and discipline, you’ll be trading crypto with confidence in no time!
Conclusion
And there you have it – the lowdown on Webull’s crypto trading platform! With its intuitive interface, robust research tools, and low fees, Webull makes it simple for you to buy, sell and hold all your favorite digital assets in one place alongside your stock and options positions. Whether you’re a seasoned crypto trader or just dipping your toes in, Webull delivers a straightforward yet powerful platform tailored to your investing needs. Ready to take the plunge? Signing up is free and easy. So why not give Webull’s crypto offering a test drive today and see how it can take your portfolio to the next level?