Is Webull Crypto safe in Canada? Our 2026 review
Updated November 2026. Checked against the regulators' registers and each platform's own pages.
Who pays us: Webull doesn't pay us. We have no affiliate or referral deals in place yet, so the link below earns us nothing. How we make money
Webull homepage, cropped to logo and menu
What this proves: Webull Canada's pricing page lists a crypto trading fee of 1% per trade, built into the price.
2 more screenshots of its own pages in the review below
Webull's Canadian crypto service is run by an investment dealer and CIRO member, the newest platform on the regulators' list. It charges a 1% markup built into each price, offers 10 coins, and you can't move crypto in or out: to leave, you sell and withdraw cash.
- Registered as
- Investment dealer, CIRO member
- Company
- Webull Canada Crypto Limited
- Trading fee
- 1% markup in the price
- Withdraw crypto to a wallet
- No
- Crypto protected by CIPF
- No
Good
- Investment dealer and CIRO member in every province and territory
- At least 80% of client crypto held in cold storage with Coinbase Custody
- No custody fee and no account maintenance fee on crypto accounts
- Crypto sits in the same app as your Webull stock account
Watch out
- No transfers of crypto in or out, so you can't move coins to your own wallet
- 1% markup on every trade, plus possible currency exchange costs
- Only 10 coins listed so far
Opens the official Webull site · Crypto is high risk and prices can fall to zero
Webull has the 7th lowest stated cost of 8 platforms that publish one
$10 on a $1,000 buy using Every trade, by its own fee page.
See every platform
- NDAX$2
- Bitbuy$5
- Wealthsimple$5
- Coinsquare$5
- Kraken$8
- Robinhood$9.50
- Webull$10
- Newtonup to $11.50
- ShakepaySpread, size not published
- CoinbaseSpread on simple buys; Advanced rate shown only after sign-in
- Crypto.comSpread on app buys; Advanced base rate not published
- Netcoins0.5% fee plus a market spread of unpublished size
From each platform's own Canadian fee pages. Full table: crypto fees compared.
Webull is best known in Canada as a stock and options app. In June 2026 it added crypto, run through a separate company that sits in the most tightly supervised group of crypto platforms in the country.
Is Webull registered in Canada?
Yes, for crypto through Webull Canada Crypto Limited. The notice at the foot of every page on webull.ca says “Webull Securities (Canada) Limited and Webull Canada Crypto Limited are each regulated by CIRO and a member of CIPF. Crypto assets are not covered by CIPF.” Webull’s crypto asset risk disclosure, last updated 18 June 2026, adds that the company is “licensed to conduct crypto asset business activities as an investment dealer in all provinces and territories.”
The regulators’ register lists Webull Canada Crypto Limited as an investment dealer, with its latest decision dated 17 June 2026. That makes it the newest registration on the list. Webull’s stock business is a separate company, Webull Securities (Canada) Limited. The footer says the two are “separate entities under common ownership.”
Investment dealer status is the higher of the two types of registration for crypto platforms in Canada. You can compare it with the other platforms on our registered list.
How Webull holds your crypto
Webull’s relationship disclosure for crypto says “at a minimum, 80% of all crypto assets you own on Webull are safeguarded in cold storage with Coinbase Custody.” That’s Coinbase Custody Trust Company, a New York trust company. The coins sit in an account in Webull’s name, held in trust for its clients. The rest is kept in multi-signature hot wallets run by Coinbase, Inc. and Coinbase Canada Inc.
Cash you deposit is held in trust at the Bank of Montreal, in an account that holds only client money, according to the risk disclosure. Orders are carried out through Coinbase Canada, which works with several liquidity providers.
Webull’s crypto account agreement, last updated 18 June 2026, says you own the crypto in your account, not Webull. It also says Webull won’t lend, pledge or use your crypto for its own business.
On insurance, the relationship disclosure says the custodians are subject to insurance requirements, and that Webull must insure against the risk that comes from its own access to client assets. It doesn’t name an insurer or give limits. The risk disclosure warns that this cover “may not be adequate to protect against all losses or thefts.”
CIPF covers cash, not crypto. The account agreement says crypto in your account is not “insured or otherwise protected by the Canadian Investor Protection Fund, the Canadian Deposit Insurance Corporation” or any other scheme.
What it costs to buy crypto
The Crypto tab on Webull’s pricing page lists one charge, a “Crypto Trading Fee” of “1% per trade.” It says the fee “refers to a markup or markdown that is embedded into the bid or ask price of each cryptocurrency transaction. The price displayed at the time of your order is inclusive of this fee.” On a $5,000 trade, that’s about $50.
There’s no separate spread on top. The 1% is the spread. Webull’s relationship disclosure says the quote you see includes “a range within which the spread falls” before you accept it.
Two other costs can apply. Prices are shown in US dollars, and the relationship disclosure says Webull may add a foreign exchange spread if you deposit Canadian dollars and buy a coin that trades in US dollars. The account agreement also allows Webull to pass on network and third-party fees tied to an order. Neither amount is published for crypto.
Webull’s crypto page says there are no custody fees, and the pricing page says its account maintenance fee doesn’t apply to crypto accounts.
Deposits and withdrawals
The crypto page says you can fund your account with as little as $5 CAD. Webull’s crypto pre-authorized debit agreement, last updated 10 July 2026, says deposits are pulled from a bank account you link during sign-up, through a partner called Flinks. Each debit matches a deposit you request in the app.
Webull’s pricing and help pages list deposit and withdrawal fees for its stock accounts, but they don’t set out fees for the crypto account. We couldn’t confirm what, if anything, it costs to withdraw cash from a crypto account.
| Method | Deposit | Withdrawal | Limits |
|---|---|---|---|
| Interac e-Transfer | Not published | Not published | Not published |
| Pre-authorized debit from a linked bank account | Fee not published | Fee not confirmed | Deposits from $5 CAD |
| Wire | Not covered | Not covered | Not covered |
Moving crypto to your own wallet
You can’t. The account agreement says “you will not have any right or ability to transfer Crypto Assets to or from your Crypto Account.” To take your money out, you have to sell your crypto and withdraw the cash. The risk disclosure says the same, in both directions. You can’t send coins in from another platform either.
The crypto page lists “Coin In/Coin Out transfer capability” as coming soon, with no date.
Coins and tools
The crypto page lists 10 coins: Bitcoin, Ethereum, Solana, XRP, Cardano, Litecoin, Bitcoin Cash, Shiba Inu, Dogecoin and Pepe. It lists more coins, coin swaps and staking as coming soon. None of those is available yet. The smallest order is $2 USD. You can’t buy on margin or with borrowed money in the crypto account.
The app
Crypto sits in the main Webull app, next to your Webull stock account. On Apple’s Canadian App Store, as of 10 November 2026, Webull: Trade Stocks & Options is rated 4.6 from 3,140 ratings. It takes up 343 MB and needs iOS 14.0 or later, the oldest iOS version of any registered platform’s app. Our crypto apps comparison puts it next to every other registered platform’s app.
How to sign up
During sign-up you link the bank account that your deposits will be pulled from, through Flinks. Webull also asks for information it uses to work out your investment limits. As a registered platform, it has to verify your identity under Canada’s anti-money-laundering rules. The pages we checked don’t set out the other sign-up steps, so we haven’t listed them.
Limits
Webull’s relationship disclosure says you “may be subject to certain annual investment limits and/or loss limits,” depending on the coin, your income, your net worth and your province. It doesn’t give the amounts. Webull works them out from what you tell it at sign-up, so they’re only visible once you apply.
Platforms like Webull
Wealthsimple also puts crypto in the same app as stocks, with more than 170 coins at 0.5% per trade, and most of its coins can move to outside wallets. Read the Wealthsimple Crypto review
Robinhood charges a similar 0.95% per trade and lets you move crypto in and out with no Robinhood fee. Read the Robinhood review
NDAX charges a flat 0.20% on every trade and lets you send crypto to outside wallets for a network fee. Read the NDAX review
Verdict
Webull’s crypto service is run by an investment dealer and CIRO member, with at least 80% of client crypto in cold storage at Coinbase Custody. Its 1% fee is built into the price and published, but it offers only 10 coins. You can’t move crypto in or out, so to leave you sell and withdraw cash.
Frequently asked questions
Is Webull Crypto legit?
Yes. Webull Canada Crypto Limited is registered with Canada’s securities regulators as an investment dealer in every province and territory, and is a member of CIRO and CIPF.
Is Webull Crypto safe?
It has the heaviest level of oversight for a Canadian crypto platform, and most client crypto sits in cold storage with Coinbase Custody. That doesn’t protect you from price falls. Since you can’t withdraw coins, your crypto always stays with Webull and its custodian.
How much does Webull charge for crypto?
A 1% markup on each buy or sell, built into the price you see. There may also be a currency exchange cost, since coins are priced in US dollars. Our comparison of registered exchanges shows how other platforms price their trades.
Is my crypto covered by CIPF on Webull?
No. Webull is a CIPF member, but its notice says “crypto assets are not covered by CIPF.” Its crypto pages don’t say how CIPF applies to cash sitting in a crypto account. Your crypto isn’t covered by CDIC either.
Sources
Checked 10 November 2026.
- Webull Canada, crypto: 1% fee, $5 CAD minimum funding, $2 USD minimum order, 10 coins listed, transfers and staking “coming soon”, no custody fees, footer regulatory notice
- Webull Canada, pricing: Crypto tab, “1% per trade” markup or markdown embedded in the price; maintenance fee doesn’t apply to crypto accounts
- Webull Canada Crypto, crypto asset risk disclosure, updated 18 June 2026: investment dealer in all provinces and territories, no crypto transfers in or out, Bank of Montreal and Coinbase Custody as custodians, orders through Coinbase Canada, no CIPF or CDIC cover for crypto
- Webull Canada Crypto, crypto account agreement, updated 18 June 2026: no transfers, sell to withdraw, prices in US dollars, no lending of client crypto, network and third-party fees
- Webull Canada Crypto, relationship disclosure document (crypto), updated March 2025: at least 80% in cold storage, hot wallets with Coinbase, insurance requirements, spread and foreign exchange spread, investment limits
- Webull Canada Crypto, pre-authorized debit agreement, updated 10 July 2026: funding from a linked bank account
- Webull Canada Help, is my account insured and protected
- New Brunswick Financial and Consumer Services Commission, registered crypto asset trading platforms
Update history
- Reorganised into our standard review layout, with a deposits and withdrawals table. No facts changed.
- First published.
- First published.
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