Webull | Coinbase |
Great for Traders who prefer using a mobile app and who are specialized in stocks and options | Great for Beginners who are looking to gain experience and care about an easy-to-use exchange platform. |
Cryptocurrencies Offered 41 | Cryptocurrencies Offered Over 150 |
Fees Withdrawal Fees: $8 fee is charged for domestic wire transfers, while international wire deposits cost $12.5 Trading Fees: $0 | Fees Withdrawal Fees: 1% Trading Fees: 0.05% - 0.60% |
Bonus Offer Get 6 free stocks for signing up, worth up to $3,000 | Bonus Offer Get $10 in BTC when you make your first $100 trade |
Unique Features
| Unique Features
|
Minimum Trade Amount $0 | Minimum Trade Amount $2 |
Customer Support 24/7 phone and email, chat available for app users | Customer Support 24/7 Live phone support, email, live chat |
Pros
| Pros
|
Cons
| Cons
|
Webull vs. Coinbase Overview
Webull is among the new generation of crypto exchanges, as it launched its mobile app in 2018 and offers a wide range of services for free as well as multiple cryptocurrencies. It has competitive margin rates and no minimum trade or stock amounts.
Coinbase was established in 2016 as a cryptocurrency exchange platform for users to buy, sell and stake cryptocurrencies of their choice. The platform is US-based and well-regulated. Thus usersâ assets are considered safe. With a diverse range of cryptocurrencies and several features, users find Coinbase among the top exchange platforms in the crypto space.
Cryptocurrencies Available
Webull lists 41 Cryptocurrencies on the platform, and investors have access to comprehensive customer support, intuitive navigation on its mobile platform, and highly customizable templates.
Coinbase has over 150 cryptocurrencies on its platform, a constantly updated list. Users have access to all the cryptocurrencies listed, and those who subscribe to Coinbase Pro or Coinbase Prime have access to advanced trading features.
Fees
Webull has a wide range of free services, but this does not mean the platform is entirely free to use. Some of the fees on Webull are as follows:
- $8 for wire transfer for US deposits
- $25 for international withdrawals
- $12.50 for international deposits
- Zero commission on exchange-traded options
- Zero commission on cryptocurrency trading
Coinbase has a relatively complicated fee structure that differs based on specific characteristics. Below is an illustration of the platformâs transaction fees.
Spread fee – 0.5%
| Pricing tier | Taker fee | Maker fee |
| Up to $10K | 0.60% | 0.40% |
| $10k-$50k | 0.40% | 0.25% |
| $50k-$100k | 0.25% | 0.15% |
| $100k-$1M | 0.20% | 0.10% |
Staking and Credit Card Options
Users can fund their Webull account with their credit or debit cards, and the process has little difference from the process of making any online payment. Webull does not currently offer its users a credit card.
Coinbase users can fund their accounts directly using a credit card, Visa card, or Maestro. They can also stake the following four coins, Cardano, Algorand, Ethereum, and Tezos, to earn yields on their investment.
Coinbase offers a 4% crypto rewards Visa debit card to its users. You can choose a crypto reward and earn up to 4% back on all your purchases. The card has no annual fees, and no credit check is required.
Security
Webull is a relatively safe platform, although it is not as safe as Coinbase. It uses Apex crypto to store crypto funds, although this platform does not have insurance on crypto holdings and may not have sufficient financial coverage to repay losses in event of technical difficulties.
Coinbase has experienced a few security breaches, but the platform is 98 percent secure and puts in place safety measures for users’ investments. These include cold storage, double factor authentication, and FDIC insurance.
How to Decide Between Webull and Coinbase
Webull is a good option for traders who are active and interested in trading stock and options or traders who are just getting started and do not have a lot of funds to invest.
Coinbase is suitable for both new and expert traders alike, it has a broader range of cryptocurrency offerings but higher fees. It also has a comprehensive educational feature for beginners.