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Webull Buy Bitcoin, Litecoin, Cardano, XLM, and ZEC in 2024

Webull BAT, Bitcoin, Bitcoin Cash, alt coins Cardano, Dogecoin, Ethereum, Litecoin, Shiba Inu, NEO, Ripple, and Stellar crypto currencies trading account in 2024.

Webull Bitcoin, Cardano, & Co.: Reviewed

If you are wondering whether Webull is a good place to invest in cryptocurrencies like Bitcoin, Litecoin, Cardano the answer is yes. Even with so many other good crypto brokers to choose from, Webull is still one of the better options available. The broker offers zero commission trading, an easy signup process, and access to some of the most popular digital assets.

Keep reading our Webull and Bitcoin review to learn more about why so many traders are choosing Webull as their crypto trading platform.

Getting Started

Opening a margin or cash trading account with Webull is not quite enough to get started trading bitcoin or any other digital asset that Webull makes available.

Traders must first apply for crypto trading approval before they are allowed into the cryptocurrency markets. Fortunately, the process is a simple one and most traders are approved within a day. Navigate to and select ‘Crypto Trading’ from ‘Account’ on the desktop or web platforms, or ‘Trading’ on the mobile app.

Coin Availability

Once approved, traders can begin trading the tokens of their choice. Bitcoin, of course, is the main one but there are many others as well. Here is a complete list:

  • Aave (AAVE)
  • Algorand (ALGO)
  • Apecoin (APE)
  • Avalanche (AVA)
  • BAT (BAT)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Chiliz (CHZ)
  • Cosmos (ATOM)
  • Crypto.com Coin (CRO)
  • Curve DAO (CRV)
  • Dash (DASH)
  • Decentraland (MANA)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dogecoin (DOGE)
  • Fantom (FTM)
  • Gala (GALA)
  • Litecoin (LTC)
  • Loopring (LRC)
  • Maker (MKR)
  • Polygon (MATIC)
  • REN (REN)
  • Solana (SOL)
  • Stella Lumens (XLM)
  • Sushi (SUSH)
  • Stella Lumens (XLM)
  • Terra (LUNA)
  • Tezos(XTZ)
  • The Graph (GRT)
  • UNI (UNI)
  • USD Coin (USDC)
  • XLM (XLM)
  • yearn.finance (YFI)
  • Zcash (ZEC)

Whether it is Bitcoin, Ethereum, DeFi tokens, or anything in between, traders at Webull have a decent list to choose from, especially considering that Webull is not a cryptocurrency exchange.

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Once the crypto permissions have been granted and the investor has decided on which assets to trade, the next step is to figure out how to get funds into the trading account.

Unlike most other crypto trading platforms, traders are not given a digital ‘wallet’ to store their cryptocurrencies. Crypto is bought with USD and sold for USD on every trade. It is not possible, therefore, to transfer cryptocurrencies into or out of Webull directly.

To fund a crypto trading account, investors must go through the available processes for finding their live brokerage account (more details on finding later). Once funded, crypto trading can begin immediately.

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Traders will quickly notice all the top-tier features offered to traders at Webull. There are three platforms available for trading Bitcoin and other cryptocurrencies. The mobile app is surprisingly good and comes with one of the fastest and most fully featured charting solutions in the industry. In fact, Webull charting is right up there with the TOS mobile app when it comes to its ability to mimic a desktop charting experience.

The web platform and desktop app are very similar and provide the same great tools. Like the mobile app, charting on the PC-based is fantastic. There are many industry standard technical indicators, drawing tools, and more. Also available on the trading platform is a customized layout, news feed, and market overview.

As Webull was a stockbroker first, the platforms were built to satisfy the demanding needs of active traders. Crypto traders now get the chance to take full advantage of those platforms and their functionality.

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Trading Details

There are some interesting details that crypto traders at Webull should know about.

The first is that cryptocurrencies are non-marginable assets. Therefore, margin cannot be used at Webull to trade crypto. Increasing buying power with margin, short selling, and using provisional credit from deposits into a trading account are all off the table.

The hours for trading cryptocurrencies like Bitcoin are also distinctly different from virtually all other forms of trading. In general, digital assets trade 24/7, but at Webull trading takes a daily break from 5:30-6:30pm for maintenance purposes. It is good to mindful of the offline window as it becomes impossible to exit positions during that time.

Crypto traders at Webull are not subject to the PDT rule that applies to day trading securities. Even though the trades are taking place from a margin account, traders can make as many trades as they want.

Another thing that is important to know when trading Bitcoin at Webull is that cryptocurrencies have a T+1 settlement period. Because of that, funds made available from selling cryptocurrency can only be withdrawn into a fiat bank account once the funds have settled. The process takes approximately one day.

Fees and Commissions

Crypto traders are usually faced with fees and commissions when they take part in crypto markets. Fees often come in the form of maker/taker fees and are a bit complex for beginners to crypto trading to fully understand.

At Webull, that is not an issue. Just as the popular broker offers commission free stock trading, trades made with cryptocurrencies are fee free as well.

Security and Insurance

When it comes to security and insurance, traders should keep a couple of things in mind. Funds in a Webull trading account are fully insured and investors are protected by a range of steps that the brokerage must take as a FINRA member and to maintain its SEC licensing.

However, it is important to note that digital assets are not insured. While this is common across all crypto exchanges, traders who are used to the protections offered by registered stockbrokers, might be surprised by this fact. It should be noted as well that the lack of insurance on cryptocurrencies does not mean investing in digital assets is a bad idea. It simply means investors should be aware of changes to the crypto markets while they have assets tied up in them.

Deposits and Withdrawals

Deposits and withdrawals at Webull are very straightforward.

The broker uses either ACH or wire transfers and each method comes with its own benefits. ACH is easier to initiate that wire transfers but the method also takes more time for funds to land into the account. Likewise, wire transfers are more secure and faster, but the process to initiate a wire transfer requires a lot of information to be filled in.

Deposits made with ACH will clear in approximately 5 days, while wire transfers clear for trading within two days. Withdrawals from Webull are initiated via ACH and money often lands in a trader’s bank account within two days.

Crypto traders at Webull should remember that there are no in or outbound crypto transfers.

Pros and Cons

Traders looking to trade Bitcoin or any other cryptocurrency on Webull can consider the following pros and cons.


- Webull customers can trade cryptocurrencies without opening another account.
- Crypto trading at Webull is facilitated by pro-level trading tools.
- Traders can place as many trades as they wish without worrying about PDT.
- There are no fees or commissions for crypto trades.


- Crypto trading does not use margin, even for margin brokerage account holders.
- Digital assets are ‘trade only’, and there is not digital wallet function.
- Crypto trading must be funded with fiat.

Final Thoughts

There are many reasons that a cryptocurrency trader would choose Webull for their crypto trading. Fee free trading, an excellent set of trading tools, a good selection of tradable assets, and more, make Webull a solid competitor to even the biggest names in the crypto exchange business. Whether traders are new to trading in digital assets or have been around the block a few times, Webull can make the process a pleasant one in many ways.

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