Webull Pay Australia review
- Regulator registration
- AUSTRAC
- Supported assets
- 100
- Fiat currencies
- 4
Our verdict
What you need to know about Webull Pay Australia
Webull Pay Australia allows Aussies to buy, sell and manage a wide selection of cryptocurrencies, integrated within the broader Webull ecosystem.
Pros
-
Up to 80 cryptocurrencies
-
Competitive flat fee of 0.30% (30 basis-point) spread model on crypto trades in Australia
-
Powered by Coinbase Prime, delivering institutional-grade custody and market data
-
Regulated with AUSTRAC
-
Support for SMSFs and companies
Cons
-
AUD to USD conversion required (0.50% FX fee) before using the crypto wallet
-
Full transfer/out-wallet flexibility unclear: Some reviews indicate limitations around withdrawing crypto to external wallets or full ownership of assets
-
Customer service concerns: User forums and reviews show recurring complaints about customer support responsiveness and service experience
Details
Product details
| Product Name | Webull Pay |
| Fiat Currencies | AUD, USD, HKD, CNH |
| Cryptocurrencies | BTC, BCH, ETH, LTC, DOGE, XRP, XLM, ETC, SOL, ADA, LINK & 89 more |
| Trading Fee | 30 bps |
| Deposit Fees |
Deposit Fee: $0 |
| Withdrawal Fees | Withdrawal Fee: $0 |
Fees and pricing
Webull advertises crypto trades at a spread of 0.30% in Australia however, while no commission may be separately charged, spreads and FX conversion costs are real and should be factored into your cost of trading.
As always, compare total cost (spread + conversion + withdrawal) against other Australian crypto exchanges before you commit.
Is Webull Pay right for you?
Webull Pay Australia is a compelling option for Australian investors who:
- Already use Webull’s share/trading platform and want to integrate crypto into a familiar ecosystem
- Value access to a broad range of digital assets (240 tokens) and competitive headline spreads
- Prefer backing by internationally recognised infrastructure (Coinbase Prime) and regulation via AUSTRAC
On the other hand, you may want to look elsewhere if you:
- Want to avoid FX conversion (AUD to USD)
- Require unrestricted withdrawal of crypto to external wallets, or full decentralised custody
- Place a high priority on customer service and an established local track record
Finder’s verdict
Webull Pay Australia represents a strong entry into the Australian crypto market, offering wide token choice, competitive pricing and strong infrastructure. For share investors familiar with Webull and comfortable with the FX conversion, it could be an excellent “all-in-one” platform for combining equities and crypto.
However, if you’re purely focused on crypto trading, especially with AUD deposit/withdrawal convenience or full wallet control, it’s worth comparing Webull Pay with specialist crypto platforms.
Sources
Your reviews
Michelle Finder
Chief of staff
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