Summary: Webull lets investors buy or sell Bitcoin and other cryptocurrencies directly through its trading platform. However, it only offers a few tokens and a 1% fee in the spread of their prices. We recommend using a regulated and licensed cryptocurrency exchange in the United States to avoid these high costs and the small selection of digital assets. Choosing a trading platform regulated by the FinCEN is important for asset security.
Following an in-depth analysis of the top-performing exchanges in the USA, our team has identified eToro as the number-one choice for Webull customers. As the largest exchange in the country, eToro provides the convenience of free and instant USD deposits, enabling effortless trading of various digital currencies. eToro's platform ensures a smooth experience for users looking to engage in the trading of multiple cryptocurrencies.
- Free and instant USD deposits with bank transfer (ACH), credit/debit cards and more.
- Trade over 25 crypto assets with industry-leading fees and spreads.
- eToro USA LLC is registered and regulated with FinCEN.
Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.
Can I Buy Bitcoin with Webull?
As previously stated, while Webull supports direct digital asset purchases on its platform, the options are slim. Webull customers are advised to register with a licensed cryptocurrency platform in the United States for a more extensive range of digital currencies. Investors must opt for an exchange regulated by the FinCEN to ensure adherence to the established financial regulations in the country.
How to Buy Bitcoin or Crypto with Webull
For Webull customers, the easiest and most secure way to acquire Bitcoin or other cryptocurrencies is to send USD to a FinCEN-regulated digital currency exchange. eToro is the top choice for Webull clients due to its wide acceptance of multiple payment methods, including Bank Transfers, Credit Cards, Debit Cards, PayPal and more.
US customers can easily start trading crypto assets by following these steps:
- Registration: Sign up on the eToro platform and verify your identity.
- Deposit Funds: Select the 'Deposit Funds' button on your screen and transfer USD.
- Find Crypto: Go to the search bar, find your desired token, and tap ‘Trade’.
- Execute Your Trade: Input the amount you want to buy and click ‘Open Trade’.
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Webull Cryptocurrency Policy
Webull offers cryptocurrencies directly through its platform but unfortunately the fees are significantly higher than a normal digital asset exchange. We recommend using secure platforms in the United States registered with the Financial Crimes Enforcement Network (FinCEN).
About Webull
Webull, founded in 2017 and headquartered in New York City, is a leading commission-free online brokerage that seeks to democratize investing. By offering commission-free trading of stocks and ETFs, Webull aims to level the playing field for all investors. Investors can analyze market trends, make informed investment decisions, and explore various asset classes without the burden of trading fees.
It has advanced tools and resources typically reserved for institutional investors, accessible through their intuitive mobile app for iOS and Android and a comprehensive desktop platform. Licensed and regulated by the SEC and FINRA, they also offer top-notch customer support available 24/7 through live chat, email, and phone.
Final Thoughts
To sum up, Webull doesn't have a wide range of digital assets, so US investors should use a FinCEN-licensed exchange in order to trade cryptocurrencies. eToro is the most trustworthy and reliable choice for Webull customers, offering free and instant USD deposits to trade a wide range of assets with competitively low fees. It is licensed by FinCEN and considered one of the safest platforms in the US.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
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