Webull Pay Review
In this article, we’ll learn:
• Webull Pay provides trading in several cryptocurrencies.
• There are no direct commissions at Webull Pay, although crypto prices do have bid-ask spreads.
• Coin transfers are currently unavailable, although cash movement between accounts is supported in many cases.
Overview of Webull Pay
If you want to buy, sell, and store cryptocurrencies, Webull Pay may be a good solution. We have the full scoop on this crypto service, so keep reading.
Webull vs. Webull Pay
Webull Corporation offers trading in securities and futures through Webull, and it now also offers live cryptocurrency trading through Webull Pay LLC. In other words, crypto can be accessed through a Webull Pay account and, once linked, directly through the Webull app as well.
Cryptocurrency positions at Webull Pay are not FDIC or SIPC insured. For customers outside of New York, Guam, and the Northern Mariana Islands, crypto assets are currently held and safeguarded by Coinbase. For customers in those jurisdictions, crypto assets are managed by Bakkt Crypto Solutions, LLC.
Webull Pay Highlights
Through Webull Pay and linked Webull access, clients can buy and sell digital currencies. There are no other asset classes inside the crypto account itself. Besides trading cryptos, it is also possible to move cash between brokerage and crypto accounts in supported regions.
Despite the company’s name, it is not possible to purchase goods and services using coins stored in Webull Pay. To perform this function, a coin must first be sold and converted into U.S. dollars. At that point, the cash can be transferred to a linked bank account to use as a funding source.
Webull Pay Available Coins
Currently, there are coins available for trading on the Webull Pay platform. They are:
- Avalanche (AVAX)
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Cardano (ADA)
- Chainlink (LINK)
- Dogecoin (DOGE)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Polygon (POL)
- Ripple (XRP)
- Shiba Inu (SHIB)
- Solana (SOL)
- Stellar Lumens (XLM)
- Tether (USDT)
- USD Coin (USDC)
New York residents can trade all of these coins except USDC.
Besides the tradable coins, the Webull Pay platform has details on many other coins that can’t be traded. These include Tether, Stellar, Aptos, and many others.
Opening a Webull Pay Account
Thanks to Webull Pay’s user-friendly software, it’s fairly easy to open a crypto account. The
mobile app walks you through the process step by step. You’ll need a mobile phone number to accept a text
message. After this initial step, go through the prompts, supplying all requested information. You will
need to upload a digital copy of a government-issued ID. Without this required documentation, it is
still possible to log into the mobile app and website. Trading, however, cannot commence until the
account is fully open.
Once an account is open, funding rules depend on your location. In most states, money is first deposited into a
brokerage account and then moved into the crypto account, although linked buying power can remove that extra step.
In New York, Guam, and the Northern Mariana Islands, ACH deposits go directly into the crypto account.
Webull Promotion
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Researching Coins
With or without an account, it’s easy to stop by Webull Pay’s website and research coins (a login is required on the app to do this). During our investigation on the website and mobile app, we found charts, current prices, and news articles with thumbnails. Once logged in with an actual account on either software platform, it’s possible to join in lively discussions for the various coins displayed.
Webull’s website and mobile app both have the same pre-installed watchlist of coins. It’s not possible to create a custom list. It is possible to create price alerts on coins. Criteria include price above or below and moving up or down by a percentage.
Submitting Orders
An intuitive order ticket appears on both the website and mobile app. To buy a coin, simply click or tap on the Buy button. Webull Pay offers market, limit, stop-limit, and recurring buy orders. Trades can be placed in U.S. dollars or cryptocurrency amounts, and minimum order size depends on location. It is not possible to short currencies at Webull Pay.
Transferring Coins
At the moment, Webull has temporarily paused coin transfers into and out of crypto accounts while it works with its updated crypto provider.
Coin transfers are temporarily unavailable.
Webull is updating the transfer experience.
A current list of transferable coins has not been published.
Customers will be notified when the feature returns.
Because the feature is paused, Webull does not currently list active per-transfer and daily crypto-transfer limits.
For now, customers can still move cash through the transfer tools inside the app, subject to the rules for their location.
Webull Pay Fees
Webull Pay charges no direct commissions on crypto trades, although there is generally a 1% spread on buy orders and a 1% spread on sell orders. Accounts have no minimum equity requirement, but minimum order size depends on location and provider.
Webull also does not charge separate transaction commissions for crypto trades. Coin transfers are currently unavailable, and when transfer capability returns there could still be network fees depending on the blockchain involved.
Webull Pay Review Verdict
Webull Pay has a decent crypto service that gives computer and mobile traders solid access to digital assets. There are still limitations, and the 1% trading spread means traders should compare pricing carefully before opening an account.
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Updated on 4/8/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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