Cryptocurrency has grown in popularity amongst traders and investors over the last few years, due in part to its speed of transaction, decentralized investing and high volatility.
Webull Financial, a leading commission-free online stock trading platform, just recently launched the ability to trade cryptocurrencies. This new feature allows both new and existing users to further diversify their portfolio and engage in the crypto market 24/7.
As of November 2020, users have the ability to trade their favorite cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH) alongside stocks, ETFs, and options. Yes, everything can be done in the Webull app and under just one account!
Why Should You Trade Cryptos on Webull?
$0 Commissions To Trade
Stocks, ETFs, Options, and Cryptos – all in one account.
Quick & Easy Way To Trade Cryptos
With a $1 minimum deposit.
Free Real-time Data
Detailed price charts and 50+ indicators to help analyze the market
Highly Customizable Layout
Accessible on Mobile, Desktop, and Web Platforms
Hot Topics Amongst Webull Users
Interact with others in the Community tab
Timely Customer Service
The Help Center is open 24/7
Safe and Secure
How To Trade Cryptocurrencies On The Webull App
1) Create For A Webull Account
The first thing you need is of course an account with Webull if you don’t already have one (at the moment, Webull is only available to users in the U.S.*). Signing up for Webull is fast and easy. All you need is your mobile phone number or email address. Click here to get started.
Once that is done, download the Webull from the app stores (available on both Android and iOS) then type in the usual information required by investment brokers. These include your complete name, address, SSN, investment preferences, and employment. The platform would also ask you for a photo of a valid ID. Webull ensures confidentiality by encrypting users’ personal information and making sure that they are never shared.
First-time Webull users in the U.S. can get up to 4 FREE stock worth between $2.5 and $1,600! To get this benefit, the new user must also deposit at least $100 as an initial investment within 30 days the account getting approved.
2) Apply For Webull Crypto Trading Beta
The crypto trading feature is currently still in beta version, therefore you’ll need to request the ability to trade cryptocurrencies in order for it to show up in your Webull app.
First, make sure that you have the latest version of the app. On your overal account page, tap the ‘More‘ button.
Then tap on the ‘Crypto Trading‘ to apply.
You will then just have to fill out some information then wait for the approval. Webull will approve you in short order and you’ll get a message on the home screen that your account has been approved for crypto trading.
3) Trading Crypto On Webull
Now that you’re approved, go to the Markets tab at the bottom of your screen. You’ll now see a new ‘Cryptos‘ tab at the top. Tap on that and it will show you the list of all the available cryptocurrencies you can trade on Webull.
Click on the cryptocurrency you’re interested in to bring up the detailed trading screen. The trading screen provides you very detailed price charts including 1-day, 5-day, 1-month, 3-month, 1-year, and 5-year price history. In addition, there are 50+ indicators you can overlay on top of this if you’re into the technical aspects of trading.
The best part is that Webull is a commission-free trading platform, that means you can trade as much as you want without paying any commissions!
To make a trade, simply tap the ‘Trade’ button at the bottom-left. Enter the price and quantity you want to buy or sell. And that’s it!
Claim Your FREE Stocks with Webull
Currently, Webull is offering 4 free stocks worth $2.5 – $1,600 to all new U.S. users who successfully open a free account through this link (click here) and make an initial deposit of $100 or more. So if you haven’t registered with Webull already then hurry and claim your FREE stocks before the promotion is over!
If you’d like to learn more about Webull and its features then you can read my review of the platform here.