Webull versus Coinbase

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

Features & PlatformsCoinbase (visit site)Webull (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Broad asset selectionExcellent order execution
Unique Feature Two:
Passive income generationLow trading costs
Broker Offers:


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

Available MarketsCoinbaseWebull
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

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

Typical Spreads & FeesCoinbaseWebull
Minimum Raw Spreads:
Not applicableUndisclosed
Minimum Standard Spreads:
Not applicableUndisclosed
Minimum Commission for Forex:
Not applicableCommission-free
Commission for Equities:
Not applicableCommission-free
Commission Rebates:
Not applicableNot applicable
Execution Type:
Market MakerDMA

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 RegulatorName of the RegulatorLicense Number
UnregulatedNot applicable


Country of the RegulatorName of the RegulatorLicense Number
US Securities and Exchange Commission (SEC)Undisclosed

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


Excellent choice of cryptocurrency assets, and US market leader by trading volume Limited deposit and withdrawal options
Coinbase debit card for swift financial transactionsLack of overall transparency, history of suffering from theft, and limited customer support
Educational content allows beginner traders to earn crypto assets
Publicly listed company


Quality proprietary trading platform with Level 2 data and advanced mobile appLow leverage and high financing costs on overnight positions
A secure trading environment with an additional third-party insurance policyLimited deposit and withdrawal options
Broad-based equity selection and fractional share dealingHigh 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:

Read full Coinbase Review
Read full Webull Review


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.

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