Yes, you can buy cryptocurrency on WeBull, but only if your account meets certain requirements
WeBull offers cryptocurrency trading through a separate crypto wallet and exchange feature, but it is not available to all account holders. You must be at least 18 years old, have a funded WeBull brokerage account, and pass identity verification. WeBull's crypto service is powered by a third-party provider, so you are not buying directly from WeBull itself — you are using their platform to access a crypto exchange.
The cryptocurrencies available on WeBull change over time, but the platform typically offers Bitcoin, Ethereum, Dogecoin, and dozens of other coins. You can buy, sell, and hold crypto in your WeBull account, and you can transfer some cryptocurrencies out to an external wallet if you choose, though not all coins support this feature.
Key Takeaways
- WeBull's crypto trading is a separate feature from stock and options trading, accessed through a dedicated crypto wallet section in the app.
- You need an active, verified WeBull brokerage account with funds available before you can trade any cryptocurrency.
- WeBull charges a flat fee per transaction rather than a percentage commission, so the cost structure is different from traditional stock trades.
- Not all cryptocurrencies can be transferred out of WeBull to an external wallet — check the coin's details before you buy if you plan to move it later.
How to access WeBull's crypto trading feature
Once your WeBull account is open and verified, look for the crypto or wallet section in the mobile app or web platform. On the mobile app, this is usually a tab at the bottom of the screen labeled "Crypto" or "Wallet." On the web version, you will find it in the main navigation menu. Tap or click to enter the crypto section.
If you do not see a crypto tab, your account may not yet have access to the feature. WeBull rolls out crypto trading gradually, so newer accounts sometimes have to wait a few days or weeks. You can also contact WeBull support to ask whether your account is may be able to access.
Once you are in the crypto section, you will see a list of available coins with their current prices. Select the coin you want to buy, enter the amount in dollars or the quantity of coins you want, and review the fee before confirming the order.
Understanding WeBull's crypto fees and pricing
WeBull charges a flat fee per transaction rather than a percentage of your purchase. This means a $100 buy and a $10,000 buy may cost the same fee, which makes small purchases relatively expensive and large purchases relatively cheap. The exact fee varies depending on the coin and market conditions, but WeBull displays the fee before you confirm any trade.
The price you see on WeBull's crypto platform includes a small markup over the wholesale market price. This markup is how WeBull makes money on crypto trades. You will not see a separate "markup" line item — it is built into the price shown on screen.
WeBull does not charge monthly fees for holding cryptocurrency in your account. You only pay when you buy or sell.
Funding your account before you buy crypto
You cannot buy cryptocurrency with an empty WeBull account. You must deposit cash first, either by linking a bank account for an electronic transfer or by mailing a check. Bank transfers typically take one to three business days to clear, though WeBull sometimes allows you to trade with unsettled funds if you have a history of deposits.
Once your cash is in the account, it is available to buy stocks, options, or crypto. You do not need a separate crypto wallet or account — the cash in your main WeBull brokerage account covers all three.
Transferring crypto out of WeBull to another wallet
WeBull allows you to transfer some cryptocurrencies to an external wallet you own, but not all coins support this feature. Bitcoin and Ethereum typically can be transferred out, but many smaller coins cannot. Before you buy a coin, check whether it has a "withdraw" or "transfer" option in the coin's details page.
To transfer crypto out, go to the coin's page in your WeBull crypto wallet, select "Withdraw," and enter the address of the external wallet where you want the coins sent. WeBull will charge a network fee for the transfer, which varies by coin and network congestion. The transfer usually takes 10 minutes to a few hours, depending on the blockchain.
If a coin does not support withdrawals, you can only buy and sell it on WeBull — you cannot move it to another exchange or personal wallet.
Tax reporting for crypto bought on WeBull
Any time you buy or sell cryptocurrency, you may owe taxes on the gain or loss. WeBull does not automatically report your crypto trades to the IRS, and you are responsible for tracking them yourself. Each buy and sell is a taxable event, even if you are just trading one coin for another.
At the end of the year, you can read a transaction history from your WeBull account showing all your crypto trades. Many people use this report to fill out IRS Form 8949 (Sales of Capital Assets) as part of their tax return. If you made a lot of trades, consider using tax software designed for crypto to avoid errors.
Losses on crypto trades can offset gains, which may lower your tax bill. Keep records of every trade, including the date, amount, and price.
Security and risks of holding crypto on WeBull
When you hold cryptocurrency on WeBull, you do not own the private keys to that crypto. WeBull holds the keys on your behalf, similar to how a bank holds your cash. This means WeBull is responsible for keeping your coins safe from hackers, but it also means you cannot access your coins if WeBull's systems go down or if the company closes.
WeBull's crypto service is provided by a third-party company, not by WeBull itself. This adds another layer of separation between you and your coins. If you want full control and ownership of your cryptocurrency, you would need to transfer it to a personal wallet where you hold the private keys.
Cryptocurrency prices are extremely volatile. The value of your holdings can drop 20, 30, or 50 percent in a single day. Only buy crypto with money you can afford to lose completely.
Frequently Asked Questions
Do I need a separate account to buy crypto on WeBull?
No. Your existing WeBull brokerage account gives you access to crypto trading. You do not need to open a new account or sign up for a separate service. Just make sure your account is verified and has cash available.
Can I buy crypto with margin or borrowed money on WeBull?
No. WeBull does not allow you to buy cryptocurrency with margin. You must use only the cash in your account. This is different from stock trading, where margin is available to some account holders.
What happens to my crypto if WeBull goes out of business?
Your crypto would likely be frozen or transferred to another platform, but the exact process is unclear because it has not happened. WeBull is a regulated brokerage, so there are legal protections, but crypto held on a platform is not insured the way bank deposits are. If you want may provide protection, transfer your coins to a personal wallet you control.
Can I set up automatic purchases of crypto on WeBull?
WeBull does not offer automatic recurring purchases of cryptocurrency. You must manually buy each time. Some other crypto platforms offer this feature, but WeBull does not.
Is buying crypto on WeBull the same as buying it on a crypto exchange like Coinbase?
It is similar but not identical. Both let you buy and hold crypto, but crypto exchanges are specialized for crypto trading, while WeBull is a general brokerage that added crypto as a feature. Fees, available coins, and transfer options may differ. WeBull's advantage is that you can trade stocks and crypto in one account.