Webull offers cryptocurrency trading, but only through a separate crypto wallet and exchange feature, not through your regular brokerage account

Webull lets you buy and sell cryptocurrencies, but the process is different from trading stocks or options. You access crypto through Webull Crypto, a separate service within the Webull app that connects to a digital wallet. You cannot hold crypto inside your standard Webull brokerage account the way you hold stocks — crypto lives in its own section with its own rules for deposits, withdrawals, and trading.

The cryptocurrencies available on Webull Crypto include Bitcoin, Ethereum, Dogecoin, Litecoin, and others, though the exact list changes over time and may vary by state. Webull Crypto is available to U.S. residents in most states, but some states have restrictions or do not allow crypto trading through the platform at all. You should check Webull's current list of supported states before assuming you can trade.

Key Takeaways

  • Webull Crypto is a separate service from your regular brokerage account, with its own wallet and trading interface within the Webull app.
  • You can trade cryptocurrencies like Bitcoin and Ethereum on Webull Crypto, but the list of available coins varies and changes over time.
  • Webull Crypto is not available in all U.S. states, so you need to verify your state is supported before you can use the service.
  • Deposits to Webull Crypto come from your linked bank account, and withdrawals go back to that account; you cannot transfer crypto directly between Webull Crypto and your brokerage account.

How to access crypto trading on Webull

To trade crypto on Webull, open the Webull app and look for the Crypto tab or section — it is usually visible in the main navigation menu. Tap or click into Webull Crypto, and you will see the list of available cryptocurrencies with their current prices. If you have not yet set up Webull Crypto, the app will prompt you to enable it, which involves agreeing to the terms specific to crypto trading.

Once Webull Crypto is active, you need to fund it by linking a bank account and transferring money from your bank into your Webull Crypto wallet. This is a separate deposit from any money you keep in your regular Webull brokerage account. After the transfer settles (usually one to three business days), you can use that balance to buy cryptocurrencies at market prices.

Cryptocurrencies you can trade on Webull

Webull Crypto supports a range of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and others. The exact list is not fixed — Webull adds and removes cryptocurrencies from time to time based on market conditions and regulatory changes. You can see the full current list by opening Webull Crypto in the app and scrolling through the available coins.

Each cryptocurrency trades 24 hours a day, seven days a week, unlike stocks which trade during market hours. Prices move constantly, and Webull shows you real-time pricing (or slight delays depending on your account type) so you can see what you are buying before you confirm the trade.

Fees and costs for crypto trading on Webull

Webull Crypto charges a spread on every buy and sell transaction. A spread is the difference between the price Webull pays to acquire the crypto and the price it charges you — it is how Webull makes money on crypto trades. The spread varies depending on market conditions and the specific cryptocurrency, so you will not pay a flat percentage on every trade.

When you deposit money into Webull Crypto from your bank account, there is no deposit fee. When you withdraw money back to your bank account, Webull does not charge a withdrawal fee either, though your bank may charge you for receiving an external transfer. There are no monthly account fees or inactivity fees for holding crypto on Webull Crypto.

Differences between Webull Crypto and your brokerage account

Your regular Webull brokerage account and Webull Crypto are completely separate. Money in your brokerage account cannot be used to buy crypto, and money in Webull Crypto cannot be used to buy stocks or options. Each has its own wallet, its own deposit and withdrawal process, and its own set of holdings.

If you want to move money between the two, you have to withdraw from one account back to your bank, then deposit into the other account. This takes time and may involve bank processing delays. You also cannot transfer cryptocurrencies directly from Webull Crypto to an external wallet or exchange — you can only sell the crypto back to U.S. dollars and withdraw the cash to your bank account.

State restrictions and availability

Webull Crypto is not available in every U.S. state. Some states have not yet approved crypto trading through Webull's platform, and others have restrictions on which cryptocurrencies can be traded. Before you try to set up Webull Crypto, check Webull's website or contact their support team to confirm that your state is supported.

If your state is not supported, you will not see the Crypto tab in your Webull app, or you will see it but be unable to enable it. This restriction is set by Webull based on state regulations, not by your individual account type or history.

Trading hours and market access for crypto

Cryptocurrencies trade around the clock, every day of the week, including weekends and holidays. Unlike the stock market, which closes at 4 p.m. Eastern time on weekdays, crypto markets never close. This means you can buy or sell Bitcoin or Ethereum at 2 a.m. on a Sunday if you want to.

Webull Crypto shows you real-time prices during all trading hours, though the exact speed of price updates may depend on your account type. Because crypto trades 24/7, prices can move significantly between the time you place an order and the time it executes, especially during periods of high volume or volatility.

Frequently Asked Questions

Can I transfer crypto from another exchange to Webull?

No. Webull Crypto does not support receiving cryptocurrencies from external wallets or exchanges. You can only buy crypto on Webull Crypto using U.S. dollars from your linked bank account. If you own crypto elsewhere, you would need to sell it on that platform, withdraw the cash to your bank, and then deposit that money into Webull Crypto to buy crypto again.

What happens to my crypto if Webull goes out of business?

Webull Crypto is a separate service from your brokerage account. Webull holds your crypto in custody, meaning they control the digital wallets. If Webull were to shut down, the process for returning your crypto would depend on regulatory requirements and how Webull structured the service at that time. This is a risk you take when holding crypto on any exchange or platform rather than in a self-hosted wallet.

Can I buy crypto with margin or borrowed money on Webull?

No. Webull Crypto does not offer margin trading or the ability to borrow money to buy cryptocurrencies. You can only trade crypto using cash you have already deposited into your Webull Crypto wallet. This is different from stock trading on Webull, where margin accounts are available.

Do I pay taxes on crypto I hold on Webull?

Yes. Any gain or loss when you sell crypto is a taxable event. Webull provides transaction history that you can use to calculate your gains and losses for tax purposes, but Webull does not file taxes for you or send you a tax form. You are responsible for reporting crypto transactions to the IRS on your tax return.

Is my crypto on Webull insured or protected?

Crypto held on Webull Crypto is not covered by SIPC insurance (which protects brokerage accounts) or FDIC insurance (which protects bank deposits). Your crypto is only as find as Webull's custody practices and security measures. Review Webull's security documentation to understand what protections are in place.