Webull Crypto: Fees, Features, And Reviews

Crypto has gone mainstream, and access to platforms like Webull Crypto makes it as accessible as ever for your average person to invest and trade digital assets. The fact that the platform itself is accessible doesn't make crypto simple. Things like self-custody wallets, gas fees, and regulatory uncertainty mean that crypto in general is more complex than simply trading stocks or options. This is where WeBull really excels as a beginner-friendly gateway for traders to dip their toes into crypto. But is it the right platform for you? From fees and supported coins to tax impact and platform limitations, we’ll help you figure out if Webull’s crypto features match your investor profile.

 

What is Webull Crypto?

Webull started as a zero-commission stock and options trading app, and it’s been building momentum ever since. In 2020, Webull added crypto trading, and in 2025, it will be more popular than ever. With sleek UX, customizable charts, and real-time market data, Webull became a go-to platform for younger investors who wanted something more advanced than Robinhood but easier to use than other trading platforms like Thinkorswim.

 

What cryptocurrencies can you trade on Webull?

As of 2025, Webull supports trading for more than 35 cryptocurrencies, including:

Cryptocurrency	Ticker Symbol
Bitcoin	BTC
Ethereum	ETH
Solana	SOL
Dogecoin	DOGE
Cardano	ADA
Shiba Inu	SHIB
Avalanche	AVAX
Polygon	MATIC

While it doesn’t offer thousands of exotic tokens like Binance or Coinbase Advanced, Webull covers the most relevant names in the crypto top 50. It's not built to chase shady meme coins being developed in who knows where; it's built for traders to invest in digital assets that have some other trading value.

Webull crypto trading experience.

Webull’s crypto trading dashboard is clean, intuitive, and mirrors the look and feel of its equities platform. If you already use Webull for stocks or ETFs, getting into crypto takes almost no adjustment. But like anything in finance, the simplicity comes with trade-offs. Here are some of the upsides and downsides of Webull crypto.

Webull crypto fees and spreads

Webull advertises commission-free crypto trading, but like most brokers, it makes money on the spread, the difference between the price you pay and the price Webull sources from its liquidity provider.

Let’s break it down:

Example: How crypto spreads impact your real returns

Let’s break this down with a real-world scenario to show how the hidden spread cost works when trading on Webull and how it compares to Coinbase.

• Market price of Bitcoin: $65,000
• Webull buy price: $65,650
• Webull sell price: $64,350

This creates a $1,300 spread (the gap between buy and sell prices), which equals a 2.0% round-trip cost, meaning you lose 2% of your position just by entering and exiting a trade.

How Webull compares to other crypto platforms

Webull isn't the only game in town for trading crypto, far from it. So, how does Webull stack up against more famous crypto platforms like Coinbase and Binance when it comes to real trading costs? While Webull doesn’t charge a visible fee, its spread is wider, especially for casual users trading small volumes. On the flip side, platforms like Coinbase and Binance.US do charge explicit trading fees, but often offer tighter spreads, which can make them more cost-efficient for frequent traders. SIde by side breakdown of costs to make 10,000 BTC

How do these costs impact your bottom line

If you're a buy-and-hold investor trading a few times per year, Webull's higher spread may not move the needle much. But for active traders, these costs add up fast, and even a small reduction in spread or fees can translate into hundreds or thousands in preserved value over time.

If you plan to:

• Trade frequently → Look for lower spreads + transparent fees (Binance.US, Coinbase Pro).
• Hold for the long term → Platform cost matters less than ease of use and security.

Why this matters

The more frequently you trade, the more this hidden fee eats into your returns. A 2% spread doesn’t sound like much until you're making five or ten trades per month. Over time, that drag compounds just like your gains.

 

If your crypto strategy is short-term, spread efficiency matters as much as market timing. If your strategy is buy-and-hold, spreads still impact your entry points, but you have more room to ride it out.

Can you withdraw crypto from Webull?

No, and this is one of Webull Crypto’s biggest limitations, but it's not that big of a deal for those who can work around it a bit. Unlike platforms like Coinbase or Kraken, Webull does not currently allow users to withdraw crypto assets to an external wallet. In simple terms, if you buy Bitcoin or Ethereum on Webull, you can’t move it to a cold wallet, hardware device, or DeFi platform.

What does that mean for your strategy?

• No wallet transfers: You can’t send crypto to Coinbase Wallet, MetaMask, Ledger, or any third-party wallet.
• No staking or DeFi: You can’t use your crypto to earn yield via staking or interact with decentralized finance protocols like Uniswap, Aave, or Curve.
• No self-custody: Webull holds the private keys on your behalf. You don’t truly "own" the crypto in the Web3 sense, you're trusting Webull to maintain custody.

This approach mirrors how many traditional brokerages treat ETFs or gold exposure; you own a representation of the asset, not the asset itself. Think of it like buying a gold ETF instead of holding physical gold bars in a vault.

What most traders overlook

Crypto evangelists and Web3 advocates often say, “Not your keys, not your coins, ” and this actually rings kind of true. If your coins are locked in a brokerage-style environment, your control is limited. You can’t deploy them across platforms, use them for lending or liquidity, or safeguard them offline. On the flip side, many investors are looking for simple price exposure, not technical complexity. If your goal is to add Bitcoin or Ethereum to your long-term portfolio alongside stocks and ETFs, and you don’t plan to stake, swap, or transfer, it might not matter that you can’t withdraw.   Webull has hinted at future wallet integration, and there are rumors of a beta program for crypto withdrawals rolling out in late 2025. But for now, if you want full crypto functionality and control, Webull isn’t the platform.

Webull crypto taxes and reporting

The IRS is most definitely paying attention to crypto, and in a big way. Although government regulations have been loosened in terms of government regulation and administration, in terms of tax, the IRS's eyes are glued to it. Crypto is the new 'money in a mattress," and the IRS is well aware that people deal in crypto to launder money, evade tax, and hide identity.

 

Webull provides a consolidated 1099 form, which includes crypto gains and losses along with stock and options data. This is helpful for investors who want all their tax forms in one place. However, Webull's crypto tax features stop there.

Here’s what Webull doesn’t offer:

• No cost basis tracking across wallets or accounts, you’ll need to calculate this manually or use external tools.
• No tax-loss harvesting features or alerts for optimization opportunities.
• No integration with crypto tax tools like CoinTracker, ZenLedger, or Koinly (yet).

If you only trade crypto within Webull, the 1099 may be all you need. But if you're managing assets across multiple exchanges or wallets, you'll want to track all of your trades in real time.

Is Webull safe for crypto?

Security is a major concern in the crypto space, especially after the collapses of platforms like FTX, Celsius, and Voyager. But it should also be taken into account that these were crypto-specific trading platforms, and not large stock platforms like Webull. This causes Webull to take a more traditional, compliance-first approach that appeals to cautious investors.   Webull Crypto is operated by Webull Pay LLC, a U.S.-registered Money Services Business (MSB) regulated by FinCEN. Trades are executed through Apex Crypto, a third-party provider with years of brokerage infrastructure experience.

However, it’s critical to understand what Webull crypto is not:

• Your crypto is not insured by FDIC or SIPC.
• There’s no emergency fund or recovery protocol if Webull or Apex experiences a breach.
• You don’t control your private keys, so self-custody protections do not apply.

Who Webull crypto is best for

When choosing a crypto platform, you need to match features to your strategy. Webull isn’t trying to be the ultimate crypto playground; it’s a bridge for traditional investors to dip into digital assets without leaving the comfort of their brokerage.

Final verdict: Is Webull crypto worth it?

Yes! If you already trade stocks or other financial products on Webull, then you can speak for its great UX and its accessibility for novice traders. Especially when it comes to crypto, which 99% don't seem to truly understand the technology that underpins the actual tokens. For those looking for a trading platform for crypto in general, Webull offers a great way to get started in the world of blockchain. Webull is one of the best trading platforms out there, and as long as you are ok with not being able to withdraw crypto directly, and not having access to super exotic alt coins, we would highly recommend it for crypto trading.

FAQ

Does Webull offer crypto limit orders or recurring buys?

Yes, Webull supports limit orders for crypto, allowing you to set a target price for your trades. This is useful if you're waiting for a specific dip or breakout. However, Webull currently does not offer recurring crypto purchases, so you’ll need to schedule buys manually if you’re following a dollar-cost averaging strategy.

Can you transfer crypto between Webull and other platforms like Coinbase or Binance?

No, Webull does not currently support crypto transfers in or out of the platform. All assets purchased remain within your Webull account under the platform’s custody. If you want to move your crypto to a wallet or another exchange, you’ll need to sell it first and withdraw the cash.

Is Webull crypto available in all U.S. states?

Webull Crypto is not available in every state due to varying regulations. As of 2025, states like New York and Hawaii may still restrict access, depending on licensing. It's best to check Webull’s official disclosures or your account eligibility based on your residential address.

Article Sources

• Webull – Cryptocurrency Trading Overview
• IRS – Digital Assets Guidance
• SEC – Crypto Enforcement and Regulation
• U.S. Treasury – Crypto Broker Reporting Rules