Webull vs Coinbase: Fees, Cryptos, Trading Features Compared 2023

The choice that many novice traders may face is Webull vs Coinbase. Crypto exchanges are similar to each other in many ways, but at the same time they also have a number of significant differences. We looked at both crypto-platforms and compared them based on the key criteria that users are most often interested in before registering.

We also recommend to read our full reviews of both exchanges, as well as their official websites, as that is where all the most relevant information on trading conditions, current shares, cryptocurrencies in listing, etc. is located.

Advantages and disadvantages of Coinbase

About Webull exchange

Webull is an American broker-dealer headquartered in New York and a member of FINRA, SIPC, NYSE and NASDAQ. The company was established in May 2017, and already in January 2018 it was registered with the SEC. It is part of the Webull Financial LLC financial holding company and is licensed to broker in all U.S. states. The broker offers a wide range of stock market assets, professional analytics and an intuitive trading platform with many technical and fundamental analysis tools.

About Coinbase Exchange

Coinbase is an online cryptocurrency broker and exchange (exchanger). Thus, on this platform you can buy various cryptocurrencies, including the 10 most popular and largest on the market.

Another section of the platform, Coinbase Pro, provides the opportunity to trade cryptocurrencies, i.e. to profit from the difference of cryptocurrency rates.

Coinbase has been around since 2012 and is the oldest cryptocurrency broker that is currently one of the most popular along with Bithumb and Binance: Coinbase has over 35 million clients from more than 100 countries.

One of the main advantages of Coinbase is the ease of registration and the platform itself, which allows even those who have never encountered cryptocurrencies before to trade on it. The platform offers a variety of payment methods, including bank cards and transfer.

Coinbase's security is ensured by the availability of relevant accreditations and licenses (we will talk a little more about this below).

Comparative analysis of Webull and Coinbase exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Webull offers: 

Coinbase offers:

Available countries

Coinbase is available in more than 100 countries. This exchange do not provide trading services in sanctioned countries. 

At the moment Webull broker trading accounts are available only to residents of the United States, India, Philippines, Malaysia, Japan, China and Korea.

Payment methods

You can fund your Webull and Coinbase account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Webull and Coinbase.

Available Cryptos and Tokens

Webull currently supports 58 coins. 

While Coinbase supports 533 trading pairs and 219 coins.

Verification (KYC)

According to our information, Webull users can trade cryptocurrency without verification.

Creating a user account on Coinbase only allows you to use an online cryptocurrency wallet. In order to make conversions and trade, earning on price differences of exchange assets, it is necessary to verify an account in the system. In other words, it is required to enter contact information with its documentary proof. This option is not available for all countries.

Account deposit

Exchanges offer the following options for funding the account:

Comparison of Trading Fees

Webull:

Coinbase:

Account security

Webull offers an extra layer of protection to ensure the security of your account. Safe and secure two factor authentication.

At Coinbase the level of protection is as follows: Password, Confirmation by SMS, 2FA, Hardware keys.
It is possible to configure at what amount of money is sent the exchange will ask for two-factor authentication.

Passive earn on exchanges

Unfortunately, at the moment, the exchange Webull does not offer any instruments for passive income

Coinbase has Ethereum 2.0, Tezos, Cosmos, Solana, Algorand, Cardano cryptocurrency stacking feature with yields up to 6% p.a. (varies).

Which to choose - Webull or Coinbase

Coinbase is a much more famous and popular exchange. Coinbase offers top functionality and low commissions. Most users choose Coinbase. Webull is also noteworthy because it has its own interesting features. Nevertheless, newcomers who are willing to take the time to acclimate and learn the specifics will also benefit and grow.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is my money safe with Coinbase?

Yes, of course. Coinbase is a fully legal exchange which has passed many audits.

What's better Coinbase or Webull?

Everyone will choose for themselves. We made a comparison on all main parameters and decided that Coinbase is better at the moment.

Is it safe to buy Bitcoin on Webull?

What is more, the platform is safe, having a built-in 2-factor authentication among other features. You can trade cryptocurrency with free of commission. The minimum deposit is very low, being only $1.

Conclusion

Both Webull and Coinbase are truly quality platforms, similar in many ways, but at the same time each with its own features. Both are great for cryptocurrency trading, so the choice depends on related factors: requirements for user identity, availability of required coins and tokens in the listing, quality of tech support. The user-friendliness of the interface and the ways you can deposit or withdraw money also play a role. Whatever options you choose, make sure you secure your account as much as possible. One of the safest ways to do this is to turn on 2FA.