Since launching in 2017, Webull grew into a popular destination among millennials and GenZ cryptocurrency traders. It offers a well-balanced choice of cryptocurrencies from its advanced mobile trading app, which supports voice commands and voice-activated trading. Webull offers physical cryptocurrency purchases, unlike many brokers, making it ideal for long-term investors.
Coinbase established itself as one of the most trusted US-based cryptocurrency exchanges, operational since 2012, and a market leader in its category by volume as of March 2021. Given its broad-based asset selection, Coinbase is well suited for traders and investors seeking exposure to lesser-known cryptocurrencies from its user-friendly mobile app. Beginner traders will find Coinbase a better choice due to its educational content, which pays them for completing lessons.
We have conducted an in-depth review of Webull and Coinbase to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Webull versus Coinbase - Verdict
 |  | |
Headquarters | United States | United States |
Regulators | N/A | SEC |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2012 | 2017 |
Execution Type(s) | Market Maker | ECN/STP |
Minimum Deposit | None | $0 |
Trading Platform(s) | Proprietary platform, Web-based | Proprietary platform |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Noteworthy:
While Coinbase stores cryptocurrency assets in secure offline storage, it has a history of suffering from thefts, while customer support remains limited. Unlike Coinbase, Webull is an equity broker offering cryptocurrencies, while IRA accounts are also available.
Available Markets
| | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
Cryptocurrency traders get 5,890+ assets on Coinbase, making it the US exchange with the broadest selection of trading instruments in this sector. Webull is primarily an online equity broker, with almost 15,000 equities listed in the US, Canada, and Hong Kong, that features a growing cryptocurrency selection, presently 48 assets, to meet demand.
Typical Spreads and Fees
| | |
Average Trading Cost Bitcoin | 0.05% to 0.60% | N/A |
| Visit Website | Visit Website |
Webull offers commission-free trading but fails to clarify spreads. It also charges a financing cost, ranging between 3.99% and 6.99%. The Coinbase Standard cost structure depends on the traded amount, between $0.99 and $2.99, while margin traders pay a fixed 8.00% financing cost. Coinbase Pro fees are percentage-based, between 0.00% and 0.50%, also volume-dependent.
Security and Trust
| | |
Country of the Regulator | N/A | United States |
Name of the Regulator | N/A | SEC |
Regulatory License Number | N/A | 289063, 8-69978 |
Regulatory Tier | N/A | 1 |
| Visit Website | Visit Website |
Webull is a member of the Financial Industry Regulatory Authority (FINRA) with a clean record and offers client protection via the Securities Investor Protection Corporation (SIPC), up to $500,000 per net equity or $250,000 for cash claims. It also maintains membership with the NYSE, the NASDAQ, and the CBOE EDGX Exchange. Webull started IPO talks in 2021 with valuations near $400 million.
Coinbase is duly registered as a Money Service Business with the Financial Crimes Enforcement Network (FinCEN) and has all the necessary licenses to carry out its business. Coinbase Global Inc., the exchange operator, is a NASDAQ listed company with SEC oversight, but it does not carry over to the cryptocurrency exchange.
Robinhood vs Webull – Verdict
Coinbase
Pros | Cons |
|---|---|
| Excellent choice of cryptocurrency assets, and US market leader by trading volume | Limited deposit and withdrawal options |
| Coinbase debit card for swift financial transactions | Lack of overall transparency, history of suffering from theft, and limited customer support |
| Educational content allows beginner traders to earn crypto assets | |
| Publicly listed company |
Webull
| Pros | Cons |
| Quality proprietary trading platform with Level 2 data and advanced mobile app | Low leverage and high financing costs on overnight positions |
| A secure trading environment with an additional third-party insurance policy | Limited deposit and withdrawal options |
| Broad-based equity selection and fractional share dealing | High deposit requirements for margin trading and short selling accounts |
| Excellent order execution statistics and transparency |
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. It also maintains a solid educational offering, allowing traders to earn crypto as they complete each lesson, making it a superior choice for pure cryptocurrency traders. The Coinbase Visa debit card is an added benefit.
You might also be interested in reviewing the below broker comparisons:
- Coinbase vs Binance
- Coinbase vs Kraken
- Coinbase vs Avatrade
- Webull vs TD Amitrade
- Webull vs Robinhood
- Webull vs TD eToro
FAQs
What is the difference between Coinbase and Webull?
Coinbase is a cryptocurrency exchange, while Webull is an online equity brokerage offering cryptocurrency trading.
Is it safe to buy Bitcoin on Webull?
Webull is a well-trusted broker with a clean FINRA track record, making all transactions, including Bitcoin, safe.
Do you own your crypto on Webull?
Webull maintains ownership of all cryptocurrency assets and does not allow traders to transfer them out to third parties.