Webull Review (October 2026): Fees, US States and Licenses

Our verdict

Webull returned crypto to its main US app on August 25, 2025 through Webull Pay LLC and lists 70+ coins. Pricing is a 1% spread on each buy and sell with no separate commission, and orders start at $2. Coinbase holds assets for most customers, while Bakkt serves New York residents. Coin transfers to or from external wallets are listed as temporarily unavailable.

Webull fees

Maker / taker

— Not verified

Simple buy

1% spread (100 basis points) on both buys and sells; no separate commission

Volume tiers

Spread does not apply to stablecoins. Minimum order $2 ($1 in NY, Guam and Northern Mariana Islands); maximum $100,000 per trade and $200,000 in pending buy orders.

ACH deposit

— Not verified

Wire deposit

— Not verified

Card purchase

— Not verified

USD withdrawal

— Not verified

Crypto withdrawal

Not available (coin transfers are listed as temporarily unavailable)

Other fees

No custody fees

Minimum deposit

$1

Is Webull available in my state?

Crypto trading returned to the main Webull app for US residents on August 25, 2025, offered by Webull Pay LLC; the site lists 70+ coins as of October 2026.

The list of states this platform serves is not verified yet.

No excluded states are named on official pages; Webull Pay's license page lists all 50 states and DC. New York, Guam and Northern Mariana Islands residents are served through Bakkt ($1 minimum order, direct ACH funding, no internal transfers from the brokerage account).

New York

Yes

ID check (KYC)

Yes

Withdraw crypto

No

Funding

ACH, Wire, Transfer from Webull brokerage account

Is Webull regulated?

• NMLS 1886762
• NASDAQ: BULL

US operator

Webull Pay LLC (Bakkt Crypto Solutions, LLC serves New York, Guam and Northern Mariana Islands residents)

Parent company

Webull Corporation (NASDAQ: BULL)

State licenses

Webull Pay LLC is a licensed money transmitter (its license page lists all 50 states and DC). New York service runs through Bakkt (NMLS 1890144), which holds NYDFS virtual currency and money transmitter licenses (March 2021).

New York license

None

Founded

— Not verified

Headquarters

St. Petersburg, FL, USA

How secure is Webull?

Proof of reserves

— Not verified

Audits

— Not verified

Insurance

Crypto is not FDIC or SIPC insured; assets are held by Coinbase for most US customers and by Bakkt for New York, Guam and Northern Mariana Islands customers.

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on Webull

• Spot
• Stocks & ETFs

Crypto trades 24/7 except a daily 4:55-5:10 PM ET maintenance window (no window for NY, Guam and Northern Mariana Islands). Trading in the Webull app requires a linked Webull brokerage account. Coin transfers in or out are listed as temporarily unavailable. Staking and USDC rewards through Coinbase were announced in May 2025 but could not be confirmed as live.

Apps

Web, iOS, Android

Support

Phone, Email, Help center