Webull is a good free trading app for more experienced investors. How does it compare to Coinbase? Read our comparison chart below.
Webull offers commission-free stock and ETF trading using their mobile app. There is no minimum deposit required.
While Coinbase is a large, beginner-friendly crypto exchange with relatively high fees. Through their easy-to-use app they offer a range of features including staking, educational rewards, and limited crypto-backed loans.
Compare Webull with Coinbase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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| Visit Site | Learn More |
| Webull | Coinbase |
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| SPECIAL OFFER
20 Free Fractional Shares - Learn MoreRead Webull Review | SPECIAL OFFER
Earn $5 in bitcoin on your first trade on Coinbase - Learn MoreRead Coinbase Review |
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| Benefits and Features |
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| Stock Trading | $0 | No |
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| Options Trading | $0 | No |
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| Annual Fee | None | None |
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| Cryptocurrency Trading | Yes (Webull Pay App) |  |
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| Minimum Deposit | $0 | $2 |
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| Mutual Fund Trading | No | |
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| Commission Free ETFs | Over 3,300 ETFs | |
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| Phone Support | 24/7 | |
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| Live Chat Support | None | |
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| Email Support | Yes (customerservices@webull.us) | |
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| Human Advisors | No | |
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| Robo Advisor | Yes | |
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| Assets Under Management | $15.7 Million | |
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| Penny Stocks | Yes | |
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| Countries Supported | United States, India, Brazil, Turkey, the Philippines, Malaysia, Japan, China, Korea | Over 100 |
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| Tax Loss Harvesting | No | |
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| Transaction Fee | No | Greater of Minimum Flat Fees or Variable Fees (1.49%+) by Location and Payment Method.
Minimum Flat Fees:
- < $10: $0.99
- $10.01 - $25: $1.49
- $25.01 - $50: $1.99
- $50.01 - $200: $2.99
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| Copy Trading | No | No |
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| Limit Orders | Yes | No |
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| Margin Trading | Yes | No |
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| Spread | 1.0% | 0.50% |
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| Goal Tracker | No | |
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| Automatic Deposits | Yes | |
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| Broker Assisted Trades | Not available | |
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| Good For | Experienced investors; Active traders | |
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| Inactivity Fee | $0 | |
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| Maintenance Fee | $0 | |
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| Online Platform | Yes | |
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| iPhone App | Yes (4.7 stars, 296.2k ratings) | |
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| Android App | Yes (4.3 stars, 188K ratings) | |
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| Bank Account Purchase Fee | No | 1.49% |
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| Debit Card Purchase Fee | No | 3.99% |
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| Banking | No | |
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| Mobile App | Yes | Yes |
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| ACH Transfer Fee | No | No |
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| Desktop App | Yes | |
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| Wire Transfer Fee | $8 domestic deposit, $25 domestic withdrawal, $12.50 international deposit, $45 international withdrawal | $10 ($25 outgoing) |
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| Anonymity | No | No |
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| Biometric Login | Yes | Yes |
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| Maximum Trading Amount | - 3 Day Trades / 5 business days for accounts under $25,000.
- Unlimited Day Trades for accounts over $25,000
| Unlimited |
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| Two-Factor Authentication | Mobile Only | SMS or Google Authenticator |
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| Withdrawal Limit | No | $50,000 / day |
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| Forex Trading | No | |
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| Futures Trading | No | |
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| Bond Trading | No | |
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| CFD Trading | No | |
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| Currency Trading | No | |
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| Customer Service | 24/7 via phone and email | |
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| Locations | Online only | |
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| Online Community | Yes | |
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| Seminars | Yes | |
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| Trading Platform | Desktop, Web Trading, Mobile Apps | |
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| Virtual Trading | Yes. Free paper trading account with $1,000,000 in fake money | |
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| Fractional Shares | Yes | |
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| Taxable Accounts | Yes | |
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| 401k Plans | No | |
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| IRA Accounts | Yes | |
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| Roth IRA Accounts | Yes | |
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| SEP IRA Accounts | No | |
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| Trust Accounts | No | |
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| 529 Plans | No | |
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| CreditDonkey® Reviews |
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| Stock Trading | | |
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| Options Trading | | |
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| Mobile App | | |
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| Commissions and Fees | | |
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| Ease of Use | | |
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| Research | | |
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| Cryptocurrency Trading | | |
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| Crypto Loans | | |
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| Safety | | |
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| Pros & Cons | Pros:- No trade fees
- Advanced research tools
- Extended trading hours
- Offers fractional shares
Cons: | Pros:- Simple interface for beginners
- over 250 supported coins
- Earn cryptos by learning
Cons:- Expensive and complex trading fee structure
- Only email support
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| Bottom Line | Good free trading app for more experienced investors... Read full review | Good beginner-friendly exchange with relatively high fees... Read full review |
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| Visit Site | Learn More |
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| - 20 Free Fractional Shares
- 75 Free Fractional Shares
- Up to $100 Transfer Fee Reimbursem*nt
| - Earn $5 in bitcoin on your first trade on Coinbase
- Buy and Sell Cryptocurrency
- Learn Crypto, Earn Crypto
|
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Coinbase: Pricing information from published website as of 04/13/2021. |
20 Free Fractional Shares
Get Free Fractional Shares
Expires 5/6/2024
Open a new Webull individual brokerage account. Deposit $500 - $24,999 into the account during the promotional period to get 20 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.
75 Free Fractional Shares
Get Free Fractional Shares
Expires 5/6/2024
Open a new Webull individual brokerage account. Deposit $25,000 or more into the account during the promotional period to get 75 fractional shares, each valued between $3 - $3,000. Maintain your funds in the account for 30 days or more. Terms and conditions apply.
Up to $100 Transfer Fee Reimbursem*nt
Transfer fees of up to $100 will be reimbursed when you make an initial transfer of $2,000 or more.
Which is Better: Webull or Coinbase?
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing Webull or Robinhood.
In short: Webull's commissions and fees is impressive. Coinbase's ease of use and research are excellent.
Articles on Webull
Webull Review
Webull offers $0 trades for stocks, ETFs, and options. But it's not perfect. Find out if Webull fits your investing needs.
- Webull vs Robinhood
- Webull vs Fidelity
- Webull vs TD Ameritrade
Is Webull Safe
Webull is one of the most popular apps for investing. But is it safe? Keep reading to see how it protects your money.
- Webull vs Moomoo
- Webull vs E*TRADE
- Webull vs Interactive Brokers
Articles on Coinbase
Coinbase Review
Coinbase is a digital currency exchange where you can buy and sell cryptocurrency. Find out if it's safe, and how it compares to other crypto exchanges.
Alternatives to Coinbase
Coinbase is the most popular crypto exchange, but it's also expensive. See how it compares against alternatives like eToro, Gemini, and Robinhood.
Coinbase vs Robinhood
Investors new to crypto have no doubt heard of Robinhood and Coinbase. But which is better for crypto trading? Read on to learn the pros and cons of each.
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Public Review
Public is a commission-free trading app which combines investing with social media. Is it a good broker? Read on to find out.
FAQs
If you're serious about investing in crypto, Coinbase is the better option over Webull. It offers a much larger selection, so you'll be able to buy bigger and smaller coins. You can feel confident that your crypto is safe and insured on Coinbase. The exchange also has low fees if you use its advanced trade tool.
Is Webull better than Coinbase? ›
Webull suits casual cryptocurrency traders who prefer an equity broker offering cryptocurrencies. Coinbase is a US-based cryptocurrency exchange with the broadest choice of cryptocurrency assets and for this reason comes out better overall.
Which platform is better than Coinbase? ›
eToro – Overall Best Coinbase Alternative With Transparent Fees And Smart Portfolios. Founded in 2007, eToro has become a leading trading platform for crypto, with over 30 million customers in over 100 countries. It is beginner-friendly, caters to experienced investors, and is currently the best alternative to Coinbase ...
Is it ok to buy crypto on Webull? ›
What's more, the platform is safe, having a built-in 2-factor authentication among other features. You can trade cryptos 24/7, and trades are free of commission. The minimum deposit is very low, being only $1. Although you can buy crypto on Webull, it is not possible to transfer your amount to another platform.
What happened to crypto on Webull? ›
Webull ended crypto offerings due to SEC opposition during past IPO attempts.
What is the downside to Webull? ›
Cons. As is consistent with smaller investment brokerage apps, the available assets are limited. No access to bonds, mutual funds, cryptocurrency or foreign exchange. Only accounts worth $25,000 or more have access to unlimited day trading.
Who is Coinbase's biggest competitor? ›
Coinbase's alternatives and competitors. See how Coinbase compares to similar products. Coinbase's top competitors include Bitwala, Blockchain, and bitFlyer. Bitwala offers a transactions and blockchain investment platform.
Which crypto platform is best? ›
Best Crypto Exchanges and Apps for May 2024
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
NerdWallet's Best Crypto Exchanges, Apps & Platforms of May 2024
- Coinbase: Best for crypto exchanges.
- Robinhood Crypto: Best for online brokers.
- Gemini: Best for crypto exchanges.
- Binance.US: Best for crypto exchanges.
- Webull Pay: Best for online brokers.
- Kraken: Best for crypto exchanges.
Webull Cash Management service protects your funds through FDIC insurance. The uninvested cash in your brokerage account (cash intended for investing but that you have not yet invested) is swept to program banks, where it becomes eligible for FDIC insurance up to $250,000 per program bank ($1,000,000 in total).
The Benefits of Trading on Webull
No-fee trading in stocks, ETFs, and options is a big reason why Webull is popular.
Why is Webull being sued? ›
According to the Financial Industry Regulatory Authority's (FINRA) latest News Release1, Webull did not incorporate appropriate due diligence checks to meet their options trading approval obligations for customer accounts, amongst other infractions, and were required to shore up $3 million dollars in fines as a result.
Is my crypto insured on Webull? ›
Cryptocurrencies are not FDIC or SIPC insured.
Trade a variety of cryptocurrencies on Webull, including Bitcoin Cash (BCHUSD), Bitcoin (BTCUSD), Dogecoin (DOGEUSD), Ethereum Classic (ETCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Shiba Inu (SHIBUSD), and USD Coin (USDCUSD) through Bakkt.
Is Webull or Robinhood better for crypto? ›
Robinhood and Webull both allow cryptocurrency trading, although Webull's selection of available cryptocurrencies outpaces Robinhood's. If you're primarily interested in crypto trading, it's worth taking this into account.
Why is Webull so popular? ›
Webull offers investors access to initial public offerings (IPOs), as well as over-the-counter (OTC) stocks for an additional commission. That puts it ahead of some brokers in terms of the capabilities of its trading platform — but behind those that offer free OTC stock trades.
What's the best crypto trading platform? ›
Best Crypto Exchanges and Apps for May 2024
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best For Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
If you're interested in traditional and digital assets on a single platform, Robinhood might be the better choice. However, if you're interested in a crypto-focused portfolio with a wider range of currencies and advanced features, Coinbase is likely the better choice.
Which is better for crypto Robinhood or Webull? ›
Robinhood and Webull both allow cryptocurrency trading, although Webull's selection of available cryptocurrencies outpaces Robinhood's. If you're primarily interested in crypto trading, it's worth taking this into account.
