Webull


Have you been thinking about buying some cryptocurrency but not sure where to start? Webull could be the answer if you’re seeking a low-cost way to enter the space. At the present time, this brokerage firm offers trading in these different digital currencies:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Cardano (ADA)
  • Stella Lumens (XLM)
  • Dash (DASH)
  • Zcash (ZEC)

Webull charges no commission at all on cryptocurrency trade. They do utilize a 1% spread from the midpoint for both the ask and the bid, so keep in mind this results in a 2% cost for a complete round-trip trade.

You can trade cryptocurrency on Webull via their mobile app, the desktop platform, or any internet browser. All three options are both user-friendly and sophisticated for novice and experienced traders alike.

When you place an order on Webull you can execute it as either a market or a limit order trade. There are two different options time-in-force, either immediate or cancel (for market orders) and day (for limit orders). To open a trade your only option is a buy order.


Crypto Currency Trading Broker


When choosing quantity for the trade, Webull’s order ticket can be toggled between dollar amount, coin amount, or percent of cryptocurrency buying power. For all the options, a fraction of a whole number can be used.

You can chart crypto assets at Webull using the same software that stocks and other typical assets use. There are 8 display styles and the charts can be displayed on the full width of your screen. Webull recently enlarged its list of technical indicators that they offer; at the time of writing there were about 30 choices. Additionally they feature several drawing tools including a few different Fibonacci options.

Settling of your crypto trades at Webull can be calculated by the date of your trade plus one business day (T+1). On the platform, the close of the business day is approximately 9:25 pm, eastern time. Though the platform does offer Individual Retirement Accounts (IRAs), cryptocurrencies cannot be traded in IRAs on Webull and you can only trade them in individual cash or margin accounts.

At the current time Webull does not permit customers to transfer digital currencies into or out of a Webull account, which will obviously be a negative for some traders.


Webull Promotion







Crypto.com


Crypto.com is a global crypto exchange and wallet service that comes with a lot of great features. The firm has services aimed at just about every type of crypto investor. Whether you are looking for a convenient way to buy and sell crypto, spend what you have, or trade to build more, Crypto.com has a product for you. Basic services are free and then users must provide monetary commitments to unlock additional features.


Mobile vs Exchange


One thing that new Crypto.com users should know is that the exchange maintains two separate products that go by the same name.

Traders who want to buy, sell, swap, stake, and hold crypto in a fairly basic manner can take advantage of the Crypto.com app. Like many other similar services out there, the app offers all the functionality that you would expect. There are a few additional features that set the service apart, though. For one thing, users can apply for the Visa debit card from the app, as well as earn through the staking program.

More advanced traders who wish to trade on margin and access digital asset derivative products can sign up for a separate account at Crypto.com Exchange. The entire sign-up process is unique to the Exchange side as are the referral codes, special discounts, events, and verification requirements.


Cards, Staking, and More Staking


Users at Crypto.com will quickly notice that CRO is the blockchain of choice on both the Exchange side and the mobile app. CRO is actually Crypto.com’s own cryptocurrency so it makes sense. The firm puts a lot of focus on staking large amounts of CRO as a way to unlock various features, products, and rates that are otherwise unavailable.

Some of the services that users gain access to once they have staked enough CRO for at least 6 months are:


Crypto Currency Broker


Visa debit cards


- Lower borrowing rates for crypto-backed loans
- Higher APY interest rates on staked coins and tokens
- Access to special events and competitions


Recommendation


Crypto.com is a great option for crypto users for several reasons. The card option, the wallet, the exchange, and the mobile app, all make up a set of tools that allow crypto investors to do just about everything with their tokens. The main consideration that new users should have is whether they have the capital to take advantage of Crypto.com’s numerous offers and special rates.


Open Crypto.com Account







Coinbase


Coinbase is another exchange online where you can purchase cryptocurrencies. It is one of the oldest and most widely used exchanges; it has been around since 2012 and currently boasts over 56 million verified users.


What Can I Trade on Coinbase


Unlike some of the other platforms, you cannot trade stocks and equities on Coinbase, they only offer cryptocurrencies. That being said, they offer far more options on which cryptocurrencies you can buy than sites like Robinhood, Webull, or eToro. Currently you can trade almost 50 different cryptocurrencies on Coinbase including Bitcoin (BTC), Tezos (XTZ), 0x (ZRX), and Loopring (LRC) just to name a few. Assets are tradeable 24 hours a day, 7 days a week, and you can trade on the web-based platform or the mobile app.


Fees on Coinbase


According to Coinbase, they charge a spread of .5% for sales and purchases of cryptocurrency. They do acknowledge that the spread can be higher or lower at times based on market fluctuations. In addition to the spread, they charge a Coinbase Fee which is the greater of 1) a flat fee or 2) a percentage fee. In short, the flat fees vary from $0.99 to $2.99 and the variable fees are presented below:

So as an example, if you were to buy $100 of bitcoin and pay with a US bank account, the flat fee would fall in the $2.99 range and the variable fee would be 1.49%. Since the flat fee of $2.99 is greater, you would be charged this amount as a fee in addition to the spread. However, if you wanted to make this same purchase with a debit card which has a 3.99% fee, your fee would be $3.99 since the variable rate is greater. Keep in mind, rates do vary depending on what country you are located in.


Crypto Currency Broker


Coinbase Eligibility


To open a Coinbase account, you need to be at least 18 years old, you’ll need to have a government-issued identification card, like a driver’s license, and a mobile phone for verification. Coinbase does not charge any fees to open or maintain your account, the only fees would be on trading.


Research


Coinbase does offer a tab on their website called “For You”, which is a newsfeed style page that offers articles, research, education, and news on different cryptocurrencies. The site also features some great tools to learn more about different and new cryptocurrencies.


Open Coinbase Account