If you are interested in trading, then it is likely that you have heard of WeBull. WeBull is a well-known brokerage firm that offers a number of different features, one of the most notable being cryptocurrency.
There are lots of different brokerage services that offer cryptocurrency trading, but WeBull has become very popular because of its commission-free trading feature.
This feature essentially allows you to save money while you trade.
So, it is understandable that you might be considering using WeBull if you are looking to start trading in cryptocurrency.
But before you get started, you probably want to learn a little more about the company, and more importantly how to buy crypto on WeBull.
We’ll be taking a look at just that in this guide. So, keep on reading to find out how to buy crypto through WeBull.
What Is WeBull?
First things first, let’s take a better look at what WeBull is. As we have said, WeBull is a brokerage firm that is well-known for offering cryptocurrency trading.
This company holds its customers at its heart, and as of 2022, they are celebrating 4 years of business. The company’s focus on its customers plays a big part in the features that WeBull offers.
WeBull aims to offer its customers a self-directed, all in one platform for their investment portfolio. But this isn’t all that the company offers.
In addition to an excellent investment platform, there are a number of features offered by WeBull.
As well as the commission-free trading feature that we have already mentioned, they offer many other features.
These include multi-platform accessibility, free real time quotes, 24/7 online help, full extended hours trading, and more.
So, it is clear to see why so many people choose to build their investment portfolio using WeBull. Now, let’s take a further look at using WeBull for cryptocurrency trading.
Can You Buy Crypto On WeBull?
Now that we’ve taken a look at what WeBull is, let’s take a look at whether, or not, you can buy Crypto on WeBull. In short, yes, you can.
As we have mentioned, WeBull is a brokerage firm that offers a number of different trading options (see also ‘ How To Trade Options On Webull ‘
, including cryptocurrency.
When cryptocurrency was first invented, there were just a handful of types of crypto that existed. Bitcoin was the first cryptocurrency in the world, and it was soon followed by a number of other options.
These included Binance coin, Dogecoin (see also ‘How To Sell Dogecoin On Robinhood’), Ethereum, and lots more.
WeBull was not set up primarily with the idea of trading cryptocurrency. Instead, it was initially founded for stocks and an ETF.
But, the company noticed how quickly cryptocurrency was taking off, saw the opportunity to expand, and took it. So, in 2020, they began to offer cryptocurrency trading on their platform, as well as ETF and stocks trading.
So, yes, you can buy crypto on WeBull. In fact, you can buy, sell and trade a number of different cryptocurrencies on this platform.
Now, you probably want to know how to do this. With that in mind, let’s take a look at how to buy crypto on WeBull.
How To Buy Crypto On WeBull
In short, purchasing crypto on WeBull is actually pretty simple. In fact, it only requires 5 steps. So, let’s take a look at the five steps of buying crypto on WeBull.
Create An Account
First things first, you need to create a WeBull account. This is super simple, all you need to do is click on the button on the WeBull home screen labeled “sign up”.
To create an account, you will need to provide certain information about yourself, this usually includes contact details, and things such as your full name and date of birth.
Request Crypto Permission
Once your WeBull account is created, you will then need to put through a request to trade in cryptocurrency.
To do this simply click on the “WeBull” logo in the WeBull app, then click on “more”, and then select “cryptocurrency” to request permission.
You will not be able to trade in cryptocurrency until this request has been approved. But, once this has been approved, you will be able to trade on the WeBull platform at any time. So, it is definitely worth the wait.
With your cryptocurrency trading permission granted, you are ready to start trading. Of course, in order to trade, you will need cash in order to purchase a cryptocurrency.
Thankfully, there are a number of options available to you when it comes to depositing funds into your WeBull account (see also ‘How Long Do Webull Deposits Take?‘).
The two main options available for depositing funds into your WeBull account are electronic transfers and wire transfers.
Electronic transfers are free, and all you need to do is add your routing number and bank account number to your WeBull account.
However, it can take up to 5 days for an electronic transfer to settle in your account.
In contrast, wire transfers are much quicker, with funds being settled in just 1 business day. But, you will need to pay fees. Although, it is great to know that both options are available should you require them.
Choose Your Crypto
With funds in your account, you are ready to start trading. You can find the crypto that is available to purchase under the “market” section of the WeBull app.
Once you find your crypto of choice, you can either do a limit or a market order.
Limit orders allow you to specify how much you want to pay, and the order will be executed once you reach that amount. In contrast, market orders allow you to instantly purchase crypto at market prices.
Monitor Your Crypto
With your cryptocurrency purchased, all that is left to do is monitor it.
WeBull offers a number of features, including price change alerts allowing you to monitor your crypto without having to actively look at it every day.
In short, buying cryptocurrency on WeBull is actually very simple. Once you have your account set up, you simply need to request cryptocurrency trading permission, and then you are good to go.
You can find out more about how to do this in the guide above.
Thank you for reading!