Webull

Overview of Webull

Webull is an unregulated online brokerage firm that was founded in 2016 and registered in the United States. As a virtual currency exchange, Webull offers a range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Webull provides its services through its trading platforms, which include the Webull App and the Webull Desktop Platform. Clients can access these platforms to trade virtual currencies and manage their investments.

In terms of deposit and withdrawal options, Webull accepts bank transfers, ACH, and wire transfers for deposits, while withdrawals can be made through bank transfers and wire transfers.

Pros and cons

Cryptocurrencies Available

Webull offers a range of cryptocurrencies for trading, including Bitcoin Cash (BCHUSD), Bitcoin (BTCUSD), Dogecoin (DOGEUSD), Ethereum Classic (ETCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Shiba Inu (SHIBUSD), USD coin (USDCUSD). While for New York state residents, the available currencies to trade are listed below: Bitcoin Cash (BCHUSD), Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD). These cryptocurrencies are subject to price fluctuations on exchanges, meaning their values can rise or fall based on market demand and other factors. Traders can take advantage of these price fluctuations to potentially profit from their trades.

How to open an account？

The registration process of Webull can be described in the following steps:

1. Visit the Webull website or download the Webull App from your mobile device's app store. Create an account by providing your email address and setting a password.

2. Complete the account verification process by providing your personal information, such as your name, date of birth, and Social Security number (SSN). This information is required to comply with regulatory requirements.

3. Agree to the terms and conditions of Webull by reading and accepting the user agreement. This agreement outlines the rights and responsibilities of both the user and Webull.

4. Set up additional security measures, such as enabling two-factor authentication (2FA) and setting security questions. These measures add an extra layer of protection to your account.

5. Choose your account type, such as an individual account or joint account, and provide any additional information that may be required for that account type.

6. Verify your email address by clicking on the confirmation link sent to your registered email. This step confirms that the email address provided during registration is valid.

Once these steps are completed, you will have successfully registered an account with Webull and can begin using their services for virtual currency trading and other investment activities.

Promotional campaign

How to Get your FREE Fractional Shares

• STEP 1：Fund Your Account

During the promotion period, open and fund a Webull individual brokerage account.

• STEP 2：Claim Ultimate Rewards

When your deposit settles(Usually takes 4-5 businessdays), claim your rewards from the prize board based on the amount of your settled fund.This promotion is only valid for first-time Webull brokerageaccount deposits only.

Fees

Webull is stepping up the game with its fee structure, particularly in the crypto realm. What catches attention immediately is their zero-trading-fee policy for crypto transactions, offering traders a hassle-free experience without the worry of fees eating into their gains. Moreover, their 100-basis point spread on both sides of a crypto trade adds a layer of transparency, making it clear and straightforward.

Deposit & Withdrawal

Webull offers several deposit and withdrawal methods for users. Deposits can be made through bank transfers, ACH, and wire transfers. For withdrawal, users can also choose bank transfers and wire transfers.

Webull does not charge any fees for deposits made via bank transfers, ACH, or wire transfers. However, there may be fees associated with wire transfer deposits, but these fees are imposed by the banks and not by Webull. For withdrawals, Webull charges a fee for bank transfer withdrawals. The fee amount may vary depending on the withdrawal amount and the bank involved. It is important to note that these fees are applied by the banks and not by Webull.

The processing time for deposits and withdrawals may vary depending on the method chosen. Bank transfers and ACH deposits typically take 2-4 business days to process, while wire transfers may take up to 1-2 business days. For withdrawals, bank transfers and wire transfers may take 2-4 business days to process. It is important to note that the processing time also includes any additional time required by the banks involved in the transaction.

Is Webull a Good Exchange for You？

Webull is suitable for a variety of trading groups, including beginners, experienced traders, and those looking for a user-friendly platform with access to a wide range of investment options.

For beginners, Webull provides comprehensive educational resources, such as trading guides, video tutorials, and webinars, which can help them learn the basics of virtual currency trading and develop their trading skills. The user-friendly interface and intuitive design of the Webull platform make it easy for beginners to navigate and execute trades.