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Webull Pay / Crypto Trading App to Buy, Sell and Hold – $1 Minimum

Webull Pay lets you buy, sell, and hold cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and other crypto assets. Webull’s crypto app is part of its broader investing platform.

  • No minimum equity is required to trade crypto, and no fees exist.
  • 23/7 hour trading availability and $1 minimum balance.
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Webull Pay review quick take: A crypto wallet that lets you buy, sell, and hold cryptocurrencies. 

Webull Pay Crypto Overview

Webull is an online brokerage enabling you to trade stocks and ETFs and invest using IRA retirement accounts. On the other hand, Webull Pay lets you buy and sell cryptocurrencies such as Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC), and other coins.

It’s vital to distinguish between the Webull Invest app and Webull Pay, particularly since the latter is dedicated to cryptocurrency trading. No minimum equity is required to trade crypto, and no fees exist. Webull charges a 100bps markup built into the price of the crypto you buy and sell. 

What is Webull Pay?

Webull Pay is a trading platform and cryptocurrency wallet that allows users to buy, sell, and hold a selection of cryptocurrencies. Initially part of Webull’s investing platform, cryptocurrency trading has been placed into the crypto Pay app, which now operates with Bakkt, a regulated crypto exchange, to offer these services.

Start trading cryptocurrencies with Webull

What is Cryptocurrency?

Cryptocurrency is a secure payment system using blockchain technology. Currently, cryptos trade like assets.

It’s essential to understand and accept that crypto trading involves a substantial loss risk and is unsuitable for every investor. The value of cryptocurrencies may fluctuate, and as a result, you may lose your original investment. Cryptocurrencies are not FDIC or SIPC insured.

How Webull Pay Crypto Trading Works

Webull Pay serves both as a trading platform and a digital wallet. Users can buy, sell, and store cryptocurrencies directly within the app. It offers a streamlined interface for trading a handful of popular digital assets and provides a wallet function for storing them.

With Webull Pay, you can:

  • Users have the ability to execute trades for a selection of cryptocurrencies. The process is designed to be intuitive, catering to both seasoned traders and newcomers to the crypto space.
  • Beyond trading, Webull Pay provides a wallet function, allowing users to securely store their digital assets within the platform. This adds a layer of convenience, consolidating trading and storage in one place.

Key Features

Webull Pay allows you to diversify your investments. You’ll also enjoy the same tools and charts to make the best decision when trading cryptocurrencies.

  • Minimums: The minimum USD for a buy-side order is $1.00. The minimum fractional amount is 0.00000001.
  • Data: Real-time data for tradable cryptocurrencies is freely available.
  • Order Quantity: You can place orders in USD or cryptocurrency. USD orders will not exceed the entered amount, and cryptocurrency orders allow fractional buying/selling.
  • Order Limitations: Single trades are capped at $100,000, and total pending buy-side orders are capped at $200,000.
  • Tools: Access to advanced trading tools, including various chart types and technical indicators.
  • Trading Hours: Trade cryptocurrencies 23 hours a day, 7 days a week.

Bakkt Crypto Solutions, LLC (“Bakkt”) provides execution and custody services for cryptocurrencies traded through Webull Pay.

Start trading cryptocurrencies with Webull

Pros and Cons

Pros

  • Zero commission for cryptocurrency trades.
  • User-friendly mobile application with robust trading tools.
  • Fractional coins available
  • Advanced charts and tools

Cons

  • No live chat support for customer inquiries.
  • Limited to the cryptocurrencies available through Bakkt, which might restrict variety for some users.

Fees

  • No minimum equity is needed.
  • No fees; a 100bps markup is included in the crypto’s buying/selling price.

The clearing firm reports crypto trades to the IRS via a ‘1099-like’ form early in the year. Please consult your tax professional regarding cryptocurrency and its tax consequences.

Who is it best for?

Webull Pay is best for active investors who want to get into the cryptocurrency game. With that said, new crypto traders can benefit from $1 trades and research tools.

Webull Crypto review

Webull Pay Review

Webull Pay is a legitimate service and app. In our Webull review, we found that it has a 4.7 rating in the Apple Store and a 4.5 in Google Play. The reviews are mixed when it comes to online forums, but a good number of positive reviews are given on YouTube. Our assessment is that Webull Pay is a viable and legit crypto trading app. It has an intuitive, easy-to-use platform for cryptocurrencies. 

With Webull Pay, you can trade cryptocurrencies on a data-driven and straightforward platform. You’ll have access to real-time data to buy and sell Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), buy Shiba Inu coins (SHIB), and other coins.

Beyond trading, Webull Pay provides a wallet function, allowing users to securely store their digital assets within the platform. This adds a layer of convenience, consolidating trading and storage in one place.

It’s worth noting again that cryptocurrencies are highly volatile and risky. Learn as much as you can before considering thes a significant portion of your investment strategy.

You can get started with Webull crypto here.

How to Start a Webull Pay Crypto Account

Users who have accounts with Webull can log in with the same credentials.

For new users, do the following.

Step-by-step to open a crypto account.

The time needed: 4 minutes.

  1. Getting started
  2. Apply for a Crypto account.
    • You can apply to crypto trading on the app and agree to the terms and conditions. 
  3. Submit your application
    • It may take up to 2 business days to approve your crypto application.

Want more options? Search the cryptocurrency marketplace.

Webull Pay Alternatives

Some alternatives to Webull Pay include crypto exchanges like Crypto.com and Coinbase.

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1 Review For This Product

  1. 01

    by Douibi Akram

    I really like the simplicity of the language used and the content but I prefer changing the ” 1$ minimum ” to something like ” start trading with only 1$ “

    • by Jason Vitug

      Great point! Going to make that change.

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