Is Webull Crypto safe in Canada? Our 2026 review

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.

Webull’s crypto registration

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.

Fees

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.

Funding and withdrawals

The crypto page says you can fund your account with as little as $5 CAD, and the smallest order is $2 USD. 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.

Can you withdraw crypto to your own wallet?

No. 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.

What you can buy

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. You can’t buy on margin or with borrowed money in the crypto account.

Investment 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.

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