If your looking for how to trade cryptocurrency on Webull in 2021 you’ve landed in the right place. What started as a stock trading app has now morphed into the world of crypto. While Webull is still new to the game their are some strong reasons to use it for crypto. The main one being that it has zero commission trading fee’s. As we get into some of the benefits to using it for crypto you can also get started straight away by clicking here.
What is Webull?
Webull is an investment site ran by by Webull Financial LLC out of a Wall Street headquarters in New York City; a company providing services in the American markets. ‘Webull’ which is their site and app, is a free-to-use online platform and complimentary app dedicated to providing investors from all walks of life with a fast, simple way to begin trading with as little hassle as possible. Their platform launched in 2018 to offer investors greater information on the stocks they traded in. As of August 2020, they’ve managed to garner a userbase of over eleven million investors all interested in the successes found within Webull’s markets.
As stated on the home page of their site, they are “an all-in-one self-directed investment platform that provides excellent user experience”. The site has just begun to offer the ability to trade cryptocurrencies after a petition by the userbase in late 2020.
In comparison to other contemporary trading sites, Webull offers an impressive interface for trading alongside easy to understand mobile and desktop apps to assist users new and old in understanding the situation of the markets they’re currently trading in. Now, with a rise in popularity, they are becoming more prominent for the cryptocurrency market as well. Potential crypto-traders are flocking to Webull for a chance at involving themselves in the rising markets.
Benefits to Buying Cryptocurrency On Webull
Some of the most notable advantages that Webull totes to attract investors are their zero commission rates, their free real-time quotes, multi-platform accessibility, full extended hours trading, and 24/7 phone and email services. As an addition, they also tote a chat service available in their mobile app. In comparison to competitors, these are very attractive bonuses for anyone planning on joining the markets. You can check those out by clicking here.
For how to trade cryptocurrency on Webull in 2021 its as simple as choosing your coin and placing a buy order. Some of the cryptocurrency specific benefits for Webull is that the site offers commission free trading with zero restrictions on trading timeframes. Though, the y do have a maintenance period during 5:30 PM-6:30 PM ET to keep their systems running soundly. Other than that miniscule grace period, you’re able to trade any day, any time; all are fully allowed when it comes to crypto on Webull. They also allow fractional coils, instant settlements, and more.
Coins Currently Available
Webull currently offers four well-sought cryptocurrencies in their trading service, but they’ll likely add other highly valued coins in the future. The currencies are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).
Webull also gives some notable research on these four currencies to help traders make informed decisions on what to buy, but others that have reviewed Webull also recommend doing personal research instead of relying solely on the information provided by the site.
How to Trade Crypto on Webull In 2021
Cryptocurrency isn’t available to trade on Webull immediately. Before you can begin taking your pick of the four available currencies, you need to apply for the right to trade them from their framework. As stated on Webull’s site, “You can apply for crypto trading via Webull mobile app (Webull icon in the bottom center >>>More >>> Crypto Trading)”.
Once applied, it will take a few business days for your request to process with the company. Generally, they’re fairly lenient with who can become a crypto-trader. Once in, you can immediately begin the process of buying your shares in the crypto-market. The minimum price you can invest in currency is merely $1 for fractional shares of currency; practically any user is able to invest what they can, when they can.
Webull, unlike some competitors, does not charge any fees for trading cryptocurrency on their site. As stated by their FAQ section, “Webull does not charge for trading crypto. There is a 100-basis point spread on either side of a crypto trade.”
They might be lacking on crypto fees, but they have a minimum $8 fee for domestic wire transfer below $25,000 and a $12.50 fee for any international transfer below $25,000. The first transfer is free but keep this information in mind when trading on their site and apps. Another note to keep aware of is the fact that you’re unable to transfer cryptocurrencies without completely liquidating them. Elsewise, their system is very forgiving and intuitive for investors.
Sign Up Bonus
As of this moment, Webull is offering new traders to their site a free stock that could be worth as much as $1,000 or potentially more. In order to take advantage of this opportunity, you need to be signed up with Webull through a referral link which you can grab by clicking here.
If you were looking for how to trade cryptocurrency on Webull in 2021 we hope this helped you out. Webull is an easy to use, well-designed site and app that assists many, many users in creating their own portfolios for stock markets and cryptocurrencies. Most reviews state that Webull is very accessible for new traders and has a variety of tools and options to allow clarity and customization of the user interface for comfort and accurate reading of the markets at hand.
Webull’s chief guarantees are their zero-cost trading, their trade availability of cryptocurrencies, and their assistive research to give anyone new to the markets a ‘leg up’ in these untested waters of digital currency. They may only have four currencies available, but they’re the most sought after currencies on the market, and you’re capable of buying fractional shares of these coins; opening avenues for both low-and-high income traders to make educated and affordable choices in what coin they choose to stand behind.
Regarding this information, Webull is a well-designed alternative to other trading sites that allows some freedom and security for the investors that choose to take up their portfolio’s residence in the site’s servers. Their customer service experience alongside their openness to community petitions guarantees that the company behind Webull listens to their base. I would wholly recommend taking a chance with them, you won’t be left disappointed with the services they provide. Don’t forget to grab your sign up bonus by clicking here.