Webull Crypto is one of the most popular cryptocurrency trading platforms in the United States. They offer the ability to buy over 10 different cryptocurrencies with instant settlement and 0 trading fees. The Webull Crypto platform also enables users to buy or sell as little as $1 per trade.
Webull does not charge any trading fees when you buy or sell cryptocurrencies on their platform. However, they do charge a spread of 100 basis points or 1%. This means that the price difference between a buy or sell is 1%.
For example, on Webull you can buy Bitcoin for $50,500 or sell it for $50,000. The $500 difference between these two prices is the "spread" and represents they way in which Webull can extract value from customers.
The best alternative broker to Webull that allows you to trade Stocks, ETFs, Commodities and Cryptocurrencies is undoubtedly eToro. Their platform offers a 0.5% spread, which is 50% cheaper than Webull on 40 different cryptocurrencies. They are a secure and regulated broker that are based in the United States and service over 180 different countries.
As at time of writing, the Webull trading platform currently supports the following cryptocurrencies to investors in the United States.
Buying Power on the Webull platform generally refers to the amount of money you have available to buy stocks, plus all of your available margin.
Crypto Buying Power is slightly different and refers to the amount of money available in your account, plus your provisional buying power. Your provisional buying power is an extension of credit that is provided by Webull while your ACH Transfer settles.
You can read more about the different Buying Power on Webull here.
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