This article will focus on Webull crypto buying power, Webull crypto trading fees, and how to get crypto buying on Webull.
First off, lets understand what Webull is all about.
What Is Webull?
Webull is a financial company offering brokerage services and an all-in-one self–directed platform with commission-free investment opportunity to investors.
The platform offers smart tools allowing for smart investing with no deposit minimums/commissions.
Webull Crypto Fees
Webull crypto trading fees is zero, this means that the platform does not charge any fees for cryptocurrency trading. The only fees charged is the 1% which is spread for each trade in the platform.
Apart from this 1%, there are no fees charged for cryptocurrency trading.
What Is Webull Crypto?
Webull Crypto is created by Webull to allow its users with Margin or Cash account to sell and buy cryptocurrency in the platform. Investors are able to buy crypto fractions within a minimum instant settlement of $1, allowing investors to get instant crypto funds.
There is a secure two-factor authentication, and cryptocurrency real-data available.
Webull Crypto Buying Power
The Webull crypto buying power is equivalent to the available cash for withdrawal owned by the user. It is the cash available for buying securities and the total money that is held in the brokerage account including all available margin.
If the crypto buying power is not equal to the cash balance available, it means there cash balance owned by the user is not settled completely.
How To Get Crypto Buying Power On Webull
To get crypto buying power on Webull is just like saying you should fund your account. Once you fund your Webull account, it instantly increases your crypto buying power.
Note that the Webull buying power leverages investing ability of users.
Simply setup an account in the Webull platform an supply basic information that will be required for your account to be activated. Once you are through with this and granted required permissions, you can go ahead and fund your account just the same way other brokerage accounts are funded.
Webull accepts several funding options like wire transfers and electronic transfers from bank accounts.
How To Add Crypto Buying Power Webull
Just like explained above, to add the crypto buying power, all you need to do is to fund your Webull account and this will automatically increase your buying power.
Follow instructions above to activate and fund your Webull account.
Webull Crypto Trading Hours
The Webull platform allows trading of crypto 23 hours a day throughout a week (7 days a week). To enable account reconciliations and routine maintenances, crypto trading is unavailable from 5:30pm to 6:30pm ET.
How to sell Crypto on Webull
To sell crypto on Webull is pretty straightforward, simply navigate from the investment lists to the crypto you want to sell, once you have clicked on the crypto you want to sell, click on the ‘Sell Crypto’ option.
You can now choose between selling all or part of your crypto. After this, select the selling amount and ensure you have reviewed the trade to avoid mistakes.
The crypto value you have sold will be swapped back into your brokerage cash once the trade is successfully done.
You can then withdraw the amount in fiat currency to your bank account.
Do you own Crypto on Webull?
You do not really own crypto assets on Webull. You do not have access to any keys and you can not also transfer any crypto token in your account outside of the Webull platform.
You are only able to buy and sell crypto and make profits which can be exchanged for fiat currency.
