If your looking to get into the crypto game Webull is a solid option. They’ve been known as a free stock trading app up until they recently added cryptocurrency. Since its still in its early stages you can only trade 4 of the most popular coins. Those being Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Since trading these coins is also commission free its definitely a win win situation if your looking to dabble in the crypto market.
Who Is Webull?
Webull was founded by Wang Anquan, an Alibaba Group Holding alumni. The Chinese-owned brokerage is building one of the fastest-growing trading platforms in the United States, gaining popularity after customer outrages with Robinhood.
Webull has increased its clients to 2 million this year by offering free stock trades upon registration. Although the brokerage started in China, they emphasize that they have a U.S. office and store Americans’ data locally. Since they have a U.S. operation, the company has to follow the same regulations put in place for other U.S. brokerages.
The company states that its leadership has substantial technology and finance experience to ensure an excellent customer experience that blends the two. Through their modern website and app, Webull provides traders with reliable and efficient investing services.
Benefits to Investing In Crypto On Webull
Webull makes investing in Crypto extremely convenient for traders! Webull gives you access to your Cryptocurrency portfolios on the same app as your other portfolios, making it easy to keep all your investments in one place.
The company also allows users to create customizable charts, allowing them to track the stocks or Cryptocurrencies they’re interested in easily. Also, Webull’s Crypto trading interface shows real-time data and indicators, keeping you updated on what’s happening in the market.
Another benefit is that the brokerage offers 24/7 Crypto trading, free of commission. This means investors can buy and sell Crypto at any time at no cost. They also provide an instant settlement of your money when buying and selling Crypto through their company. Meaning, when you put in an order to sell Crypto coins, the money will instantly appear in your account.
Webull / Exchange – Benefits
If you want to invest in stocks or ETFs as well as Crypto, Webull is an excellent brokerage choice. The benefits of exchanging through Webull make it difficult for any trader to turn the company down; commission-free trading, fast account opening, user-friendly interface, plus tons of investment options.
The thing about Webull that draws customers in the most is that they have some of the lowest fees compared to other brokerages while offering top-tier services. Webull appeals to novice and experienced investors alike, offering its customers a host of trading tools on a clean platform. Also, newbies can take baby steps in the world of stock exchanges since Webull has no account minimum, allowing users to invest what they want when they want.
Webull combines a minimalist interface with advanced capabilities. They offer users a host of charts, graphs, and indicators to easily keep up with market trends and their investments. All of these resources may seem overwhelming, but it’s easy to figure out with their user-friendly interface.
Coins Available on Webull
Webull currently offers four types of Crypto-coins to its users; Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Although the number of Cryptocurrencies the company offers is relatively low, they allow clients to purchase the most popular ones.
Webull makes up for its lack of coin purchasing options through its benefits and easy-to-use interface. However, users need to apply to be eligible to trade Crypto through the company, but they approve Crypto trading applications relatively quickly. Upon approval, you will receive a message stating that you are now eligible to trade Crypto.
To locate Webull’s offered Crypto-coins on the app, simply tap the Markets icon. There will be a new “Cryptos” tab located at the top of your screen. From there, you can see the available currencies and their prices.
Charts / Graphs for Crypto’s
When you click on your chosen Cryptocurrency, Webull will bring up a trading screen for that currency. The trading screen allows you to see specific details about the currency, including one-day, five-day, one-month, three-month, one-year, and five-year price history of it. For more advanced traders, there are eight other charts available, as well as more than 50 indicators that you can overlay on the price history chart.
Webull’s trading tools offer an extensive amount of data and information about Cryptocurrency. Users can easily customize and choose the charts and graphs that they want to use through the interface. This makes the platform extremely versatile for users who engage in various trading strategies.
Webull gives users access to real-time prices of Cryptocurrency, enabling them to stay on top of currency trends. On top of this, the interface also allows users to view currency converters, historical data, and Crypto news, making buying and selling Crypto as convenient as possible.
Bonus for Signing Up
When you open an account through Webull, you will receive two free stocks! Each stock given has a value between $2.50 and $250. You can claim this bonus by clicking here. On top of this, if you fund $100 or more to your account, you’ll receive two more free stocks, each valued between $8 and $1600! New users have a 1/100 chance of receiving free stocks from Facebook, Starbucks, and Snapchat, as well as a 1/50 chance of getting free stocks from Google, Procter & Gamble, or Kraft Heinz.
Webull is a great trading option for anyone looking to invest in Crypto or stocks! If you are interested in active trading and looking to improve your skills through their many trading tools, Webull has you covered. Considering its extremely low price point compared to other brokerages, Webull also saves users money that could be used to invest.
The brokerage is also a safe investment option considering they follow the same policies as other U.S. brokerages. Users don’t need to worry about their investments because Webull offers up to $500,000 in investor protection, including a $250,000 cash limit under the SIPC’s protection scheme.
If you are looking to start building your investment portfolio or are currently unhappy with your current brokerage, Webull has you covered. With its low fees, user-friendly interface, advanced trading charts, and sign-up offer, the new company is quickly climbing the U.S. financial company ladder. You can get started by clicking here.