Webull Crypto Trading Review & Tutorial

Intro
Webull has sponsored me to create this video and even given me exclusive access to Webull’s new Crypto trading features that will soon be rolled out to all Webull users on November 19th.

Webull’s Crypto program should be available for everyone on the 19th but feel free to check for yourself here:
http://bit.ly/NoCapFinancialsFreeStock

If you are new to Webull you will be eligible for 4 free stocks valued up to $1600 each after downloading the app and funding your new trading account.

What is Crypto
Cryptocurrency has become a huge discussion in 2020 but most people don’t really know much about what Cryptocurrency is, how they work or where they can actually purchase them. When you better understand how crypto works you can start to see various ways it can be used in the future to improve upon how businesses and consumers conduct safe transactions.

Cryptocurrencies are in a nutshell, peer-to-peer electronic cash systems. What I mean by this is instead of having a bank or centralized entity that verifies transactions, cryptocurrencies instead rely on their users or peers computers to verify transactions, this process of verifying transactions is referred to as “Mining” and incentivizes users to help verify transactions with their own computers by gifting them cryptocurrency. This allows cryptocurrencies to remain decentralized digital cash systems that require no government interference.

Historically citizens have trusted “fiat” or traditional paper currencies of their own countries because their dollars are backed by their government and supported by the banks. However, as history has shown, even governments and banks sometimes fail… For this reason many people have invested into cryptocurrencies and I suspect as people become more and more distrustful of their governments and banks they will also see the investment opportunity in decentralized digital currencies that can be traded by everyone around the world without being tied to a government entity that controls transactions.

Benefits of Trading Crypto on Webull
Trade Stocks, ETFs, Options, And Cryptos all from one account
With a $1 minimum deposit users may trade cryptos 24/7
Free Real Time Data Including 8 Charts and 50+ Indicators to Help Analyze The Market
Highly Customizable Trading Layouts with Widgets
Users Can Access from Mobile Devices & Desktops
Talk With Others in The Community Tab
The Help Center is Open 24/7 For Timely Support
Users may set up Two-Factor Authentication
& Most Importantly:
Safe and Secure

Frequently Asked Questions
Are There Any Fees or Charges for Trading Cryptocurrency?
All cryptocurrency data is real-time and provided to users free of charge. No minimum account equity or balance is required to trade crypto and there are no fees.
There is an automatic 100bps markup that is built into the price of crypto you are buying/selling.
A BPS or Basis Point is just a small unit of measurement for financial percentages.
1% change = 100 BPS, and 0.01% = 1 BPS

What Cryptocurrencies can be traded with Webull?
Right now Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) can be bought and sold. Don’t worry though, Webull has informed me that “Access to more cryptocurrencies is in the works”.

What Are The Trading Hours Users Can Trade Cryptocurrency with Webull?
Webull users will be able to trade cryptocurrencies seven days a week with the exception of routine maintenance from 5:30pm to 6:30pm Eastern Standard Time.

What Different Order Types Are Supported For Purchasing Crypto on Webull?
Webull currently supports Market Orders and Limit Orders.
A Market Order allows investors to buy or sell a cryptocurrency at its best available price, if the cost varies and the order is not filled within 5 seconds it will be cancelled to help protect investors from market volatility.
Whereas a Limit Order allows investors to set a limit for the maximum price they’re willing to buy for or the minimum price they’re willing to sell for. Limit orders help investors lock down costs and profits but they aren’t guaranteed to be filled.

Does Webull Do Fractional Quantities?
Yes

Can Investors Place Crypto Buy Orders In USD?
Yes

Conclusion
Personally, I’ve now had access to crypto trading on Webull for almost two weeks now and so far I haven’t experienced a single problem. I was excited to be able to access crypto trading on Webull and I am super grateful they sponsored me to create this video. If you would like to trade stocks, options, ETFS, and now also cryptos completely commission free definitely check out Webull! For a limited time my link in the description of this video will give all new users 4 free stocks for opening an account and making an initial deposit of $100 or more!

Webull Sign Up: http://bit.ly/NoCapFinancialsFreeStock

Thanks for watching, if this video helped or you’re interested in more videos about making, managing, or investing money please leave a like and subscribe for more!