How to Buy Crypto on Webull: The Complete Guide
Updated · Mar 06, 2023
This guide will show you how to buy crypto on Webull.
This process is very simple and takes only a few minutes to complete.
Once you are approved for trading on the Webull exchange, you will be able to trade cryptocurrencies like Bitcoin, Ethereum, Litecoin, Solana, and more!
In brief, to buy a cryptocurrency on Webull, follow these steps:
- Navigate to the Webull website and sign in.
- Click on the "Exchange" tab at the top of the screen.
- Select the coin that you want to buy.
- Enter the amount that you want to buy.
- Click on the "Buy" button.
Now, let's go into further detail about how you can trade cryptocurrencies on Webull.
Webull Account Creation & Verification Process
To trade any cryptocurrency on Webull, you must first create an account and verify your identity.
It takes less than one minute to register for an account. Simply enter your email address and choose a password for the website.
Once that is done, you will need to provide some additional information to verify your identity:
- Full name
- Date of birth
- Country of residence.
In all likelihood, you’d also have to provide proof of identity by uploading a photo or scanned copy of your government-issued ID card or passport.
Once this is done, Webull will verify your identity within 24 hours (on a workday) and send you an email confirming that you have been approved for trading on the exchange's platform.
If there are any verification issues, Webull will reach out to you for more information.
Once your account is verified, you are ready to buy and sell cryptocurrencies on the exchange!
How to Trade Cryptocurrencies on Webull
When you first open the "Exchange" tab on the Webull website, you will see a list of all the available cryptocurrencies that can be traded on the exchange.
To buy a cryptocurrency, select the coin you want to buy and then enter the amount you want to buy.
Be sure to use the "USD" tab at the top of the screen to see how much your purchase will cost in US dollars.
Once you have entered all the information, click on the "Buy" button, and your order will be placed.
If you want to buy a different cryptocurrency, no problem. Just click on "Exchange" at the top of the screen and select another coin from the list of available cryptocurrencies for trading.
You can buy as many or as few coins as you like on any given day (as long as your account balance allows it).
Remember, the price of cryptocurrencies can go up or down, so be sure to do your due diligence before making any trading decisions.
Webull is a commission-free stock and cryptocurrency trading app available for Android and iOS devices.
The Webull app allows you to trade various crypto and other assets on your mobile device.
The trading options include stocks, ETFs, commodities, forex currencies (USD/EUR), options contracts, futures contracts on the NASDAQ or NYSE stock exchanges, as well as cryptocurrencies like Bitcoin (BTC) Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Solana.
The app also has a built-in news feed with real-time market data, charts, and analysis tools so you can stay on top of all the latest financial news and events.
You can also use the app to deposit or withdraw money from your Webull account.
The app interface is very user-friendly and easy to navigate.
Webull Tips & Tricks
When you first start using Webull, getting to know the interface may take some time as it displays plenty of information.
Here are a few tips and tricks to help you navigate the site easily.
For starters, if you want any of your favorite cryptocurrencies on the web platform, simply touch and hold down on the chart or ticker to add them.
You can also view a list of all the cryptocurrencies that you have added by opening up Settings > My Coins from anywhere within Webull interface.
The buy and sell process takes place on the web page, which means mobile users will need an internet connection (WiFi/data) in order to place orders.
If you cannot connect, you’d have to wait till your connection is restored, as Webull does not have an offline mode for placing trades through the mobile app.
If you are looking to make an investment in a stock or ETF, there is plenty of data to help you decide whether this particular asset class would be right for your portfolio.
Webull will automatically provide you with historical price information for the selected ticker so that you can see how it has performed over time.
Finally, if you are looking to open up a margin account, Webull is not the best choice for that type of trading activity.
Webull does offer some limited functionality in terms of leveraged ETFs. Still, it's not geared towards active day traders who need more flexibility than what this platform has on offer (as evidenced by its 0% commission rate).
If you are serious about day trading, you’d be much better off using one of the leading prop traders out there.
Webull is a great choice for anyone who wants to buy and sell cryptocurrencies, buy or short stocks, or even open up a retirement account.
The platform has been around since 2013, and it offers some unique features that make it stand out from other brokers in the industry. Indeed, it has plenty to offer:
- Margin trading (up to 50x leverage)
- Paper trading mode with real market data,
- Zero commissions on trades (up to $50K per day)
- No minimum balance requirement for your portfolio size
- Free real-time quotes/market updates via email notifications or SMS text messages every time there is an update from any of our supported exchanges
Webull's mobile app also includes a newsfeed to view the latest news headlines. You can also buy/sell cryptocurrencies directly through its mobile app as well!
We hope you enjoyed reading our brief guide on buying and selling crypto on Webull.
Unaware that life beyond the internet exists, Nick is poking servers and control panels, playing with WordPress add-ons, and helping people get the hosting that suits them.