02 Jun How to Buy Cryptocurrency on Webull
Curious about how to buy cryptocurrency on Webull? You’re not the only one.
It’s becoming increasingly apparent that cryptocurrency is a legitimate way to invest and grow wealth.
According to an April 2021 Yahoo Finance report, “Today, more than 21.2 million adults, or about 14% of the U.S population, own cryptocurrency such as Bitcoin or Ethereum.” They also found that 63% of adults are crypto-curious.
Moreover, cryptocurrency, often described as digital assets, is popular across the globe.
Markets Insider reports, “More than 100 million people around the world are now using cryptocurrencies – and a growing number of baby boomers and Gen Xers are becoming interested in bitcoin and other tokens.”
Why the sudden rise in popularity that has even resulted in professional football players requesting payment in cryptocurrency?
As Go Banking Rates explains, “When a penny turns into a Porsche in a little more than a decade, it tends to draw attention.”
It’s no wonder people start researching how to buy cryptocurrency on Webull after seeing numbers like those.
You’ve come to the right place.
How to Apply to Sell and Buy Cryptocurrency on Webull
Whenever you open an investment account, you are required by law to provide personal information.
This is the very first thing you must do when you want to get started on Webull.
Even if you are already on Webull, you will need to apply for cryptocurrency trading.
It’s simple. Just follow these steps.
- Update your app to the latest version.
- Tap on the Webull icon (Bottom row, middle icon).
- Tap on the More button.
- Tap on Crypto Trading to apply.
Once approved, you are ready to buy cryptocurrency on Webull.
At this time, you can trade Bitcoin (BTC), Dogecoin (DOGE), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), ZEC (ZEC), and XLM (XLM) on Webull.
How to Buy Cryptocurrency on Webull
One of the major advantages of Webull is that it is designed for beginners and for success.
If you are just getting started with trading cryptos, Webull is a great place.
Webull’s interface is easy to use and easy to understand.
One thing that stands out about Webull is that the app provides clear charts and the latest news information – even for cryptocurrencies.
This is key to success. Investors need to be informed about what they are buying and selling.
According to CNBC’s Make It, “Only 16.9% of investors who have bought crypto ‘fully understand’ the value and potential of cryptocurrency, while 33.5% of buyers have either zero knowledge about the space or would call their level of understanding ‘emerging.’”
Webull helps new crypto investors understand what they are trading by providing all the key information within the app interface.
The actual process to buy cryptocurrency on Webull isn’t difficult.
Here are the steps to take.
- Open your Webull dashboard.
- On the left side, select the “Market” tab.
- Within Markets, select the “Cryptos” tab.
- Find the cryptocurrency you are interested in and select it.
- A screen will open for the selected crypto showing you everything happening with it in real time.
- On the right-hand side of the screen, you have the option to buy or sell. You can decide the price and how many orders you’d like to place.
In the video walk-through, I show how to buy and sell Dogecoin and Bitcoin.
How to Get Started on Webull
It’s not possible to buy cryptocurrency on Webull without a Webull account. That’s like putting the cart before the horse.
But I applaud you for taking the initiative and doing your homework first!
Fortunately, it is very easy to get started on Webull. As I mentioned earlier, this no-fee, zero-commission broker app is ideal for beginners.
Once you have set up your Webull account and funded it, you are ready to begin trading stocks and cryptos.
But there is a little bit of a learning curve.
That’s where I come in!
I’ve put together Webull for Beginners, which is a blog that takes you through everything you need to know to get started on Webull.
Plus, I have an entire watchlist of YouTube video tutorials to help beginners.
Another reason why you need to stop hesitating and open up your Webull account is that you get free stocks just for signing up!
This isn’t a gimmick.
You can even see a video of me claiming free stocks within the Webull platform.
How to Get Even More out of Webull
While Webull is designed for beginners, it is still designed to help you succeed.
What’s cool about Webull is that you don’t have to be a professional day trader to find success on Webull.
They have features, such as Level 2 NASDAQ TotalView, that give everyday people the same information as the day traders.
Currently, Webull is offering new users 3 months of Level 2 TotalView for FREE!
Once you learn how to utilize Level 2 NASDAQ TotalView, you can take full advantage of it to make wise investing decisions.
Plus, Webull makes it easy to create different watchlists to stay on top of the stocks and cryptocurrencies you are most interested in.
Get the most out of Webull’s investment platform by learning how to make it work for you.
Learn more in How to Get the Most out of Webull.
How to Get Free Stocks and Free Months of Level 2 in Webull
If you are already on the Webull platform, you should have already received your first set of free stocks.
If you haven’t, stop what you are doing and check your account to make sure you’ve taken advantage of this great offer.
The free promotions don’t stop there.
Webull offers promotions all the time offering more free stocks, and now, free Level 2 access.
Currently, Webull is running a spin-the-wheel style promotion for referrals where you can get free stocks or months of Level 2 access for free.
Every time you invite someone, and they sign up, you get to spin the wheel (up to ten times a month).
I have earned hundreds of dollars of Level 2 TotalView access for free and tons of free stocks!
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