WEBULL CRYPTOCURRENCY NOW AVAILABLE - BUT, IS IT WORTH IT?

Webull has finally allowed crypto trading, but is it all worth it? Webull now offers trading of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. All of the Webull cryptocurrency trading can be found within the Webull app or on their website. Today I give the details you should know before you start trading crypto with Webull.

In November 2020, Webull started offering ability to purchase cryptocurrency within their app. While offered by their partner Apex Crypto, you can trade Bitcoin, Litecoin, Ethereum, Bitcoin Cash within Webull (with more crypto coming soon, according to Webull).

In today's video, I go over:
1. Details you must know if you are purchasing cryptocurrency on Webull
2. I invest $1.00 (minimum allowed) into Bitcoin within the Webull app
3. I explain why I am hesitant in jumping full force into Webull cryptocurrency trading.

STUFF I RECOMMEND!
Investing Apps:

Credit Cards & Credit Score:

Cryptocurrency Trading:

HOW I MADE THIS VIDEO:

Chapter's of today's Webull Cryptocurrency Review video:
00:00 Introduction
02:33 Webull Review of Crypto and Hidden Fees
06:19 Trading Bitcoin on Webull Example
08:45 What I Don't Like about Webull Cryptocurrency

Webull tutorial on how to buy bitcoin and cryptocurrencies on Webull:
2. Once you are onboard, you can use Webull for stock trading, but look in your menu and apply for crypto trading.
3. When you are approved for crypto (usually a day or two) you can then start trading crypto.

*Disclaimer: Bob is not a financial advisor. Please contact a professional financial advisor prior to making any decisions. Some of the links and other products that appear on this video are from companies in which Bob Sharpe earns an affiliate commission or referral bonus. Bob Sharpe is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

Music Credits:

End Screen: RetroFuture Clean by Kevin MacLeod

[tarozama]

I'm so glad you touched on the timing of the transaction. ty

[nickmorris]

Thank you for the fees/ bps explanation. It's what I needed answered. 👌

[danielfuller]

NOTICE as soon as you bought in at a $1 you had lost a penny in which is 1%. Anytime you buy crypto on webull you are automatically down 1% and then to try and sell and break even the crypto has to rise 1% from your purchase price. LOOK at the spread on bitcoin when you bought in you had to buy the ask at $19279 and the bid was $18889. In order for you to break even the bid would have to rise $390. Some people think 1% is nothing but it is a lot and webull is raking in the money on this. They have a commercial that says you can essentially buy sell buy sell 1000 times a day with no commission but if you did that you'd be broke on your 50th time trying to trade

[wolfster]

You don’t have to wait until the money settles in the Webull account. As soon as you go through the deposit option, you can instantly purchase stocks etc. I have done this many times.

[dd]

Happy to say fractional trading in the stock market is now a thing on webull

[IsgoodbeKing]

Bob so happy to find your channel,
New subscriber, Im new and find your way to explain very clear, and for that thank you very much,
Keep it coming for us new in the trading market

[bennetmarques]

Thanks ...but I have a question. I have webull and if at anytime I want to change that into cash . Am I able to do it ?

[johnsaelee]

Thanks watching all your videos, really helped me out alot but I have a question about Bitcoin how do you know how much your actually getting paid and how does the interest receivable works let me know thanks!

[edwinlugo]

i like how u explains we bull thanks i am just starting .Thanks..

[bar]

Some good comments. What I haven't found is where Webull talks about security of the purchased crypto. Robinhood had a statement saying they keep most the crypto offline and few have access etc. Also, next time should mention the crypto is NOT FDIC insured like stocks, so there isn't just risk of market downturn, but risk of theft and not getting reimbursed. Cheers.

[sjatkins]

Both. For more privacy I buy what I can with crypto. But most is for trading/investing.

[lancebrown]

I have Gemini for crypto. Trying to learn. Fractinoal shares. They charge around 3 dollars per trade, trades happen at the click of a button. If you use their Active Trader they charge around .50 cents per trade. Keep tack of your own trades for taxes or get an online tax preparer which makes life easier.

[naveedismail]

Webull gives me buying power before my cash appears in the account. I have not had the delay in funding the account.

[Rotorzilla]

From my current understanding this isn't buying actual Bitcoin that you can put into a wallet or use too buy stuff with.
Do you know how it is taxed? Do you have to pay capital gains tax on selling?

[nathanaelmccasland]

Thank you very helpful. Answered all my questions.

[jray]

Thanks for the video. Since Webull announced fractional crypto, I’ve been curious how their fee compares to Coinbase. Coinbase is 1.49%, so Webull is a little better in that respect.

[elcocaino]

so do you think its safe to buy crypto on webull to hold for the long run and sell in the future?

[SrPalancares]

Great video, an excellent explanation!

[brennon]

I bought a few shares of doge on webull before not too long ago, and now every time i try to buy shares of doge on webull it says i have unsufficient crypto buying power, does anyone know what to do? I have settled funds, i have $ on my account, ive tried uninstalling the app and installing it again nothing is working

[MrJbro]

What about not owning the crypto on webull? Any thoughts?