Binance.US vs Webull

How Binance.US vs Webull compare on our ratings, exchange specs, funding, pros and cons.

VS
Webull3.5/5
Feature
Ratings
Our score4.1/53.5/5
User ratingNo reviews yetNo reviews yet
Fees5.04.0
Security & trust4.03.0
Asset selection4.03.0
Ease of use4.04.5
Support3.53.0
Specs
MarketsSpot, OTCSpot, Futures, Options, Margin
Maker fee0%0%
Taker fee0.02%0%
Coins listed200Not disclosed
Fiat deposit methodsBank transfer, Card, Apple Pay, Google Pay, ACHBank transfer, Card, ACH
KYC required Yes Yes
Accepts US customers Yes Yes
Proof of reserves YesNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsFinCEN MSB, 32 US State Money Transmitter LicensesSEC, FINRA, SIPC, FCA, AFM
Security featuresU.S.-based cold storage, Multi-factor authentication, SOC 2 Type II certified, ISO 27001 certified, ISO 27701 certified2FA, SIPC insurance, FDIC sweep program
Futures & perpetuals No Yes
Copy trading NoNot disclosed
P2P market No No
Earn / savings products YesNot disclosed
User protection fund No Yes
Referral program Yes Yes
Company
Founded20192016
HeadquartersUnited StatesUnited States
InvestorsRRE Ventures, Circle Ventures, Foundation Capital, Original Capital +1Shunwei Capital, Xiaomi, Coatue Management, General Atlantic +1
Strengths and weaknesses
Pros
  • 0% maker fees across all 250+ spot trading pairs
  • Zero-fee fiat deposits and withdrawals through bank ACH transfers
  • SOC 2 Type II and ISO 27001 third-party security audits
  • Staking support across 25+ proof-of-stake cryptocurrencies
  • Zero-commission trading for US stocks, exchange-traded funds, and options
  • Regulated by the SEC and FINRA with SIPC-insured securities accounts
  • Extended-hours trading available across pre-market and after-hours sessions
  • Includes paper trading and direct API access for automated orders
Cons
  • Unavailable to residents in 16 U.S. jurisdictions, including New York and Texas
  • ACH fiat deposits carry a mandatory 7-day withdrawal hold
  • Centralized custody model requires full trust in the exchange for fund safety
  • Mandatory KYC identity verification required before trading or depositing
  • Cryptocurrency trades require a separate Webull Pay account
  • Fined $3 million by FINRA in March 2023 regarding options compliance
  • Mandatory KYC identity verification for all account holders
Best forU.S. spot traders placing limit orders, Investors seeking zero-fee ACH deposits, Proof-of-stake crypto holders earning rewardsUS multi-asset retail traders, Active options and equity investors, Algorithmic traders needing broker APIs

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