Investing Simple Logo
Get Started on Robinhood With 1 Free Stock!
Robinhood is offering new users 1 free stock worth between $3 and $225 when you open an account and fund it with any amount of money.
Written by Logan Robison on June 16, 2021
FTC Disclosure

How To Transfer Crypto From Webull To Coinbase In 2021

With so many investing platforms available to the retail investor, how is one to choose? More importantly, if one makes the wrong decision, how can he or she change platforms?

In this article, we will be covering the topic of transferring cryptocurrency from Webull to the illustrious Coinbase. This article is most prevalent for those who have purchased cryptocurrencies on the Webull platform but can also provide direction for those looking to transfer other assets from Webull.

What Is Webull?

Webull is among the most well-respected investing apps of this generation. Known for its commission-free trades and insightful resources, Webull mostly appeals to investors who have experience investing but are looking for a sleek and seamless trading experience.

This platform supports a variety of assets including stocks, options, ETFs, and cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, and Litecoin). All of these transactions are handled with absolutely zero commissions and no minimum balance. What a refreshing change for the investment community!

However, with crypto trades, there is a 100-basis point spread built into the price for both buying and selling the asset. This means that if you are selling or purchasing $100 worth of Bitcoin, you will be charged $1 for the transaction. This charge is built into the price of the crypto so you will never see a charge come through on your account.

In addition to the wide variety of assets available on the platform, Webull also provides multiple technical indicators and advanced charts. Most of which are completely absent from many investing platforms like Robinhood.

Check out our Full Webull Review to learn more!

coinbase phone

What Is Coinbase?

Coinbase is a cryptocurrency exchange platform that was founded in 2012. Though based in the U.S., the platform is available in over 100 countries and currently has more than 56 million users!

With Coinbase, users can easily buy, sell, transfer, and store crypto. Coinbase allows users to store coins for free on the platform and charges one-half of one percent (0.50%) for cryptocurrency purchases and cryptocurrency sales.

In addition, Coinbase charges a fee in addition to the spread. This fee is the greater of (a) a flat fee or (b) a variable percentage fee determined by region, product feature, and payment type. These rates are as follows:

  • If the total transaction amount is less than or equal to $10, the fee is $0.99
  • If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49
  • If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99
  • If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99

How to Transfer From Webull To Coinbase

Unfortunately, Webull does not currently support a direct transfer of cryptocurrencies out of the Webull platform. This means that users will need to find a workaround if they are interested in leaving the Webull platform in search of greener grass with Coinbase.

However, this workaround is fairly simple and we will walk you through just how to complete it.

Step #1: Sell Crypto Assets

This is accomplished by accessing your Webull app and locating the crypto asset you are aiming to sell and then following these instructions:

1) Once you locate your crypto asset, select "Trade"

2) Select the "Sell" option

3) Enter the percentage of the asset you would like to sell

4) Click "Sell" and finally, "Confirm"

Step #2: Withdraw Funds from Webull

Once you sell your crypto, you will need to withdraw your funds from Webull. Follow these steps below to withdraw your cash:

1) Tap "Transfer" on the home page

2) Tap the "Withdraw" button

3) Enter an amount equal to or below the amount you have in your account.

It usually takes one trading day to complete an ACH withdrawal

coinbase crypto portfolio

Step #3: Deposit Funds into Coinbase

1) Open the trading view upon logging into your account

2) On the left-hand column under "Wallet Balance", select "Deposit"

3) In the "Currency Type" field, select "USD"

4) Select the "Bank Account" tab

5) From the drop-down menu, select the verified bank account you would like to deposit from

6) Specify the amount for the transfer then select the "Deposit USD" option to confirm

Step #4: Purchase Cryptocurrency

1) Sign into your Coinbase account

2) Select "Buy" in the upper right-hand corner

3) Click the "Buy" field to select the asset you'd like to purchase

4) Enter the amount you'd like to buy

5) Select payment method

6) Click "Preview Buy" to confirm

How to Transfer from Webull to Coinbase: Final Thoughts

Although there is no direct way to transfer from Webull to Coinbase, there is a very effective workaround that will be just as effective in the long run. However, keep in mind that anytime you sell an asset, you could be subject to capital gains tax.

This results if you sold the asset for more than you bought it for. With the way that crypto has been performing recently, if you decide to sell, you'll almost certainly owe Uncle Sam a cut.

At any rate, don't let the fear of capital gains taxes keep you from switching to a platform that makes you feel more comfortable. Just don't forget about the potential unintended consequences before making these decisions.

Best Crypto Promotions

BlockFi$15 To $250 Free Bitcoin (Deposit Bonus)Download
Trade cryptocurrency with CoinbaseFree $5 Bitcoin Download
robinhood vs m1 finance review. investingsimple.comCommission Free Crypto TradingDownload

Article written by Logan Robison
Logan graduated with a degree in finance from Brigham Young University and currently works in merchandising for a large retailer. In his free time he loves to hike and camp with his wife and son. Logan is also heavily involved in real estate investing and manages a blog and email newsletter for pet owners (

Platform Reviews

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
© Copyright 2018 - 2020 Investing Simple LLC. All Rights Reserved. Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Developed by Stallion Cognitive
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram
Copy link
Powered by Social Snap