Since its launch in 2017, Webull has become a favorite among millennials and Gen Z cryptocurrency traders. Known for its advanced mobile trading app featuring voice commands and voice-activated trading, Webull provides a balanced selection of cryptocurrencies. Unlike many brokers, Webull supports physical cryptocurrency purchases, making it ideal for long-term investors.
Coinbase, established in 2012, stands as one of the most trusted US-based cryptocurrency exchanges. As a market leader by trading volume, Coinbase offers a broad selection of assets, including lesser-known cryptocurrencies, through its user-friendly mobile app. Beginners will appreciate Coinbase's educational content, which rewards users for completing lessons.
This in-depth review compares Webull and Coinbase to determine which broker offers the better overall choice and which traders will benefit most from each platform.
Features and Platforms
Webull
- Mobile Trading App: Advanced features like voice commands and voice-activated trading.
- Physical Cryptocurrency Purchases: Supports long-term investment strategies.
- Equity Brokerage: Offers cryptocurrencies alongside traditional equities.
Coinbase
- Broad Asset Selection: Includes lesser-known cryptocurrencies.
- Educational Content: Pays users for completing lessons.
- User-Friendly App: Designed for beginners and advanced traders alike.
👉 Discover more about Coinbase’s features
Available Markets
| Broker | Cryptocurrencies | Equities |
|---|---|---|
| Coinbase | 5,890+ | N/A |
| Webull | 48 | 15,000+ |
Coinbase leads with the broadest cryptocurrency selection in the US, while Webull excels in equities trading with nearly 15,000 listed stocks across the US, Canada, and Hong Kong.
Typical Spreads and Fees
Webull
- Commission-Free Trading: No clarity on spreads.
- Financing Costs: Range from 3.99% to 6.99%.
Coinbase
- Standard Fees: $0.99 to $2.99 per trade, depending on amount.
- Margin Trading: Fixed 8.00% financing cost.
- Coinbase Pro: Percentage-based fees (0.00%–0.50%).
Security and Trust
| Security Feature | Webull | Coinbase |
|---|---|---|
| Regulator | FINRA, SIPC | FinCEN, SEC |
| Client Protection | Up to $500,000 per net equity | NASDAQ-listed, but no SEC oversight for exchange |
| Offline Storage | No | Yes |
Webull offers robust client protection via SIPC, while Coinbase ensures assets are stored securely offline despite a history of thefts.
Pros and Cons
Coinbase
| Pros | Cons |
|---|---|
| Broad cryptocurrency selection | Limited deposit/withdrawal options |
| Educational rewards | History of thefts |
| Publicly listed company | Poor customer support |
Webull
| Pros | Cons |
|---|---|
| Advanced mobile app | High financing costs |
| Physical crypto purchases | Limited crypto selection |
| SIPC protection | High margin requirements |
FAQs
What is the difference between Coinbase and Webull?
Coinbase is a cryptocurrency exchange, while Webull is an equity brokerage offering crypto trading.
Is it safe to buy Bitcoin on Webull?
Yes, Webull is a trusted broker with a clean FINRA record.
Do you own your crypto on Webull?
No, Webull retains ownership of all cryptocurrency assets.
Final Verdict
For Cryptocurrency Traders: Coinbase is the superior choice due to its extensive asset selection and educational rewards.
For Equity Investors: Webull stands out with its advanced trading platform and SIPC protection.