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Webull

Transfer From Webull To Coinbase (Complete 2022 Guide!)

Jamey Muller
Updated: July 14, 2022
5 min read

Are you looking to transfer from Webull to Coinbase? Well, look no further! We've developed a list of simple steps that will not only guide you through the process but will also provide you with tools and resources to make your move go as smoothly as possible!

How to Transfer From Webull to Coinbase:

Since you cannot transfer your Webull assets directly to Coinbase, you must first sell them. When the sale is completed, you must withdraw your coins from the Webull account and deposit them into your bank account. You can deposit them into your Coinbase account once they are in your bank account.

Although it is a laborious process, it is possible to transfer Webull to Coinbase. So, here is a step-by-step process that you can follow to complete the process:

1. Begin by selling your assets in Webull by locating the asset to be sold.

2. Select “Trade” and then “Sell” from the menu.

3. Next, you can select the portion of the asset you want to sell; then, click “Sell” and “Confirm.”

4. Go to the “Transfer” tab at the top of the page after you've successfully sold the assets, then click the “Withdraw” tab.

5. After that, you'll be directed to a withdrawal form that lists all of your funds.

6. Select a bank account that is linked to your Webull account.

7. Choose the currency you want to withdraw, then type a value there. Then click the “Withdraw” button.

8. You must open your Coinbase account after successfully withdrawing funds to your bank account.

9. Choose “Wallet Balance” from the left-hand column and then “Deposit.”

10. Then, select USD in the currency type field, and click the bank account.

11. Select your bank account from the drop-down menu, enter the amount you want to deposit, and then click deposit USD to finish the process.

After completing these steps, you are now ready to use Coinbase with your deposited funds.

So, if you are a Webull user looking to learn more about the Webull to Coinbase exchange, this guide is the perfect one for you. Continue reading to learn everything you need to know about transferring assets from Webull to Coinbase!

How Long Does It Take To Transfer From Webull to Coinbase?

Since Webull assets cannot be transferred directly to Coinbase, you must consider the time it takes to transfer Webull to a bank account and then from the bank account to Coinbase.

Transferring Webull to your bank account can take up to three business days, whereas Coinbase takes very little time! According to Coinbase, if you deposit money into your account using a USD Wallet, the digital currency will be available in your account instantly.

To ensure a seamless transfer process, you should also take into account the speed of your internet connection.

How Much Does It Cost to Transfer From Webull to Coinbase?

When withdrawing from Webull to your bank account, you must consider the fees, which vary depending on the type of wire transfer you use. Domestic wire transfers in the United States have different fees than international wire transfers, so keep this in mind before making a withdrawal from your bank account.

Webull charges a fee of $25 per withdrawal via domestic wire in the United States and $45 per withdrawal via international wire.

However, there will be no fee if you transfer money from your US bank account to your Coinbase account.

If you consider using other wires, such as Fedwire and SWIFT (International Wires), Coinbase will incur a fee of $10 to $25 and will take 1-2 business days to appear in your Coinbase account.

Is Coinbase Really Better Than Webull?

Both Coinbase and Webull are popular cryptocurrency trading platforms, and you may be wondering which is better.

To begin with, Coinbase supports a much broader range of cryptocurrencies than Webull (at present). If you want to invest in cryptocurrencies other than Bitcoin and Ethereum, such as Solana (SOL), Polkadot (DOT), Uniswap (UNI), Algorand (ALGO), and Internet Computer (ICP), you must use Coinbase rather than Webull.

Another difference is that while Webull allows you to buy and sell assets, it does not allow you to transfer them to other accounts. In contrast, Coinbase provides both a custodial and a non-custodial crypto wallet.

Most importantly, Coinbase handles its own cryptocurrency trading and storage, whereas Webull relies on Apex Crypto for cryptocurrency trading and custody. This means that Coinbase has better security than Webull because they use cold storage for their assets, which are kept offline, and they have insurance to protect all of their assets, which Webull does not have.

Can You Transfer Crypto From Webull to Coinbase?

Webull provides a simple and convenient way to trade cryptocurrency. However, one disadvantage of using Webull is that it currently does not support the transfer of cryptocurrency into and out of your account.

This means that you cannot transfer your crypto assets directly from Webull to Coinbase without first selling and withdrawing the funds into an external wallet or exchange. However, once you've done this, you'll be able to complete the transfer from one location to another using this method.

Can You Transfer Options From Webull to Coinbase?

It is not possible to immediately move your Webull options to Coinbase. On the Webull platform, you can only purchase and sell stocks. 

Therefore, in order to transfer your Options to Coinbase, you must first sell them. Then, you must withdraw your funds in a fiat currency, such as dollars or euros, and then deposit them in your Coinbase account so that you can use them to purchase Options.

This is due to the fact that Webull does not have an API for transferring options, making it impossible for them to provide this functionality while remaining competitive in the market.

Why Can’t I Transfer From Webull to Coinbase?

Because Webull doesn't provide any type of cryptocurrency wallet, users are unable to transfer their assets directly from Webull to Coinbase.

A digital program called a crypto wallet enables users to send and receive coins. The public and private keys used for such transactions are kept in storage as a result.

You would need to use their “Webull Vault” wallet mechanism in order to send money from your Webull account. However, this does not work with Coinbase, so you cannot transfer your funds directly from one platform to another.

If you wanted to transfer your assets from Webull to Coinbase, you would need to move your funds to an external wallet where you could withdraw them and then deposit them into a Coinbase account.

Sources:

Coinbase: Funding your account with USD
Webull: What are the fees for a wire transfer?

Written by
Jamey Muller
I'm the head-writer @ Knowledge Eager (or, in plain English, I'm the guy writing the majority of the content here). Addicted to the stock market, football, sushi and tacos.
Have any questions? Write us a message.
Jamey Muller
I'm the head-writer @ Knowledge Eager (or, in plain English, I'm the guy writing the majority of the content here). Addicted to the stock market, football, sushi and tacos.