It sounds like you're looking to withdraw Bitcoin from your Webull account. That's a common desire for crypto investors! However, there's a crucial piece of information to be aware of right upfront:
As of my last update, Webull does NOT directly support withdrawals of actual cryptocurrencies like Bitcoin to external crypto wallets.
Webull operates more like a traditional brokerage that allows you to trade cryptocurrencies, but the underlying assets are often held by a third-party partner (like Bakkt in the US). When you "withdraw Bitcoin" from Webull, what you are actually doing is selling your Bitcoin for fiat currency (like USD) and then withdrawing that fiat currency to your linked bank account.
This guide will walk you through that process, step-by-step. Let's get started!
How to "Withdraw" Bitcoin from Webull: A Step-by-Step Guide
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| How To Withdraw Bitcoin From Webull |
Step 1: Understand the Webull Crypto Model – Are you ready to convert your crypto to cash?
Before we dive into the technical steps, it's vital to grasp how Webull handles cryptocurrency. Unlike dedicated crypto exchanges where you can often deposit and withdraw actual Bitcoin, Webull is primarily a brokerage platform. When you "buy" Bitcoin on Webull, you're essentially gaining exposure to its price movements. The actual BTC isn't sitting in a wallet you control on Webull's platform.
Therefore, the "withdrawal" process involves selling your Bitcoin holdings and then transferring the resulting cash to your linked bank account. If your goal was to send Bitcoin to another crypto wallet, you'll need to explore other platforms.
So, are you prepared to liquidate your Bitcoin position and receive its value in traditional currency? If so, let's proceed!
Step 2: Access Your Webull Account and Navigate to Your Crypto Holdings
The first practical step is to log into your Webull account. You can do this via:
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The Webull Mobile App (Recommended for ease of use): This is generally the most intuitive way to manage your investments on Webull.
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The Webull Desktop Platform: For those who prefer a larger screen and more detailed interface.
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The Webull Web Platform: Accessible through your web browser.
Once logged in:
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On the Mobile App: Tap the Webull logo (usually at the bottom center of the screen) to access your main account dashboard.
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On Desktop/Web: Look for the "Account" or "Portfolio" section, often on the left-hand side or top navigation bar.
Within your account, you'll need to find your cryptocurrency holdings. This is typically found under a "Crypto" or "Assets" tab/section.
Tip: Keep your attention on the main thread.
Step 3: Sell Your Bitcoin (BTC) Position
This is the core of the "withdrawal" process. You need to convert your Bitcoin back into cash.
Sub-step 3.1: Initiate a Sell Order
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Locate Bitcoin (BTC): In your crypto holdings, find Bitcoin (BTC).
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Select "Trade" or "Sell": There will be an option to either "Trade" or directly "Sell" your Bitcoin. Choose the appropriate option.
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Choose "Sell" Order Type: Confirm that you are creating a "Sell" order.
Sub-step 3.2: Determine Your Sell Parameters
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Select Order Type:
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Market Order: This is the simplest option. Your Bitcoin will be sold immediately at the current market price. This is generally good for quick conversions, but the price might fluctuate slightly.
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Limit Order: This allows you to set a specific price at which you want to sell your Bitcoin. Your order will only execute if the market reaches your specified price. This gives you more control but might take longer to fill or might not fill at all if the price isn't met.
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Enter Quantity: Specify the amount of Bitcoin you wish to sell. You can usually choose to sell a specific amount of BTC or a specific dollar amount's worth of BTC.
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If you want to withdraw all your Bitcoin, select "All" or enter the full quantity.
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Review Order Details: Double-check the quantity, order type, and estimated proceeds before proceeding. Webull will often show you an "Estimated Cost" or "Estimated Proceeds" which includes any applicable fees.
Sub-step 3.3: Confirm the Sell Order
After reviewing, confirm your sell order. This will initiate the sale of your Bitcoin. Once the order is filled, the corresponding cash amount will be credited to your Webull account's cash balance.
Step 4: Initiate the Cash Withdrawal to Your Bank Account
Now that your Bitcoin has been converted to cash, you can withdraw these funds to your linked bank account.
Sub-step 4.1: Navigate to the Withdrawal Section
QuickTip: Use posts like this as quick references.
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On the Mobile App: From your account dashboard (accessible by tapping the Webull logo), tap on "Transfers" at the top of the screen. Then, select "Withdraw."
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On Desktop/Web: Look for a "Banking," "Transfers," or "Withdraw" option within your account section.
Sub-step 4.2: Select Your Withdrawal Currency and Bank Account
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Withdrawal Currency: Ensure that the withdrawal currency is set to the correct fiat currency (e.g., USD).
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Select Bank Account: Webull only supports withdrawals to a valid bank account in your name. You may have multiple bank accounts linked; choose the one you wish to receive the funds.
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Important Note: Webull does not support withdrawals to payment service providers (like Wise or Revolut) or e-wallets. Withdrawals must go to your individual bank account.
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If you need to add or verify a bank account, you will need to do so before initiating the withdrawal. This often involves ACH verification (small deposits/withdrawals) or linking via Plaid.
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Sub-step 4.3: Enter the Withdrawal Amount
Input the amount of cash you wish to withdraw. Keep in mind:
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Minimum Withdrawal Amounts: There might be minimum withdrawal amounts (e.g., USD 50 for TT withdrawals).
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Available for Withdrawal: Ensure you have sufficient settled funds available for withdrawal. Recently sold assets may have a settlement period (typically 1-5 business days for ACH withdrawals) before they become fully withdrawable.
Sub-step 4.4: Review and Submit Your Withdrawal Request
Carefully review all the withdrawal details:
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Withdrawal amount
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Recipient bank account
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Estimated processing time (ACH withdrawals typically take 2-3 business days to process and appear in your bank account).
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Any applicable fees (Webull generally has $0 commission on crypto trades, but there might be bank-related transfer fees depending on the method, such as wire transfers).
Once you're satisfied, tap "Submit Withdrawal Request" and then "Confirm" (if prompted).
Step 5: Monitor Your Withdrawal Status
After submitting your request, you can track its progress.
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On the Webull Mobile App: Go to "Transfers" and then "Recent Activity." This section provides real-time updates on your transaction's progress and estimated settlement date.
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Processing times can vary:
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ACH Withdrawals: Typically 2-3 business days.
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Real-Time Payment (RTP) withdrawals (if available in your region): Can be within 30 minutes, but first-time RTP withdrawals or requests made after 3 PM or on weekends/holidays might be processed the next business day.
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Interbank GIRO (IBG) withdrawals (if available in your region): Webull processes within 3-5 hours, but receipt of funds depends on bank processing times.
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Congratulations! You have successfully initiated the process of converting your Bitcoin on Webull into cash and withdrawing it to your bank account.
Frequently Asked Questions (FAQs)
QuickTip: Slow scrolling helps comprehension.
How to check my available balance for withdrawal on Webull?
You can check your available funds for withdrawal by navigating to Account -> Transfers -> Withdraw on the Webull mobile app. This will show you the amount that is settled and ready for withdrawal.
How to link a new bank account to Webull for withdrawals?
To link a new bank account, go to Account -> Transfers -> Deposit or Withdraw, and you should see an option to "Add a Bank Account." You will typically need to provide your bank's routing number and your account number. Webull may use micro-deposit verification (sending small amounts to your account) or direct linking via a third-party service for verification.
How to know if my Webull account is verified for withdrawals?
Before initiating a withdrawal, ensure your linked bank account is verified. ACH withdrawals require an active and verified connection. If your account or bank link needs further verification, Webull will usually prompt you or reject the withdrawal request with a clear message.
How to resolve a failed withdrawal on Webull?
Common reasons for failed withdrawals include insufficient funds (not yet settled), exceeding daily limits (e.g., $50,000 for ACH), withdrawing to a different bank account than recent deposits (within 60 days, requiring extra verification), invalid bank codes (ABA/SWIFT), or an expired ACH link. Check these first. If issues persist, take a screenshot and contact Webull support through their Help Center.
How to track the status of my Webull withdrawal?
You can monitor the status and estimated settlement date of your withdrawal by going to Transfers -> Recent Activity on the Webull mobile app.
Reminder: Take a short break if the post feels long.
How to withdraw to a different bank account than the one I deposited from?
If you are withdrawing to a bank account different from the one used for recent deposits (within the last 60 days), additional verification may be required per Webull's company policy. If your original bank account is closed, contact Webull support with documentation proving the old account is closed and the new one is open in your name.
How to know the fees for withdrawing funds from Webull?
Webull generally offers $0 commission for crypto trades. However, transfer fees can apply for certain withdrawal methods, such as wire transfers (e.g., $8 for domestic, $12.50 for international). ACH withdrawals usually don't incur Webull-specific fees, but your bank might have incoming transfer fees. Always check the "Estimated Cost" or "Fees" section before confirming a withdrawal.
How to determine the daily withdrawal limit on Webull?
The daily limit for ACH withdrawals on Webull is typically $50,000. If your withdrawal amount exceeds this, you will need to make multiple smaller withdrawals over subsequent days.
How to expedite my withdrawal from Webull?
For faster access to funds, domestic wire transfers typically take 1-2 business days, settling next business day if properly filled out. ACH withdrawals take longer (2-3 business days). Real-Time Payments (RTP) where available can be very quick (within 30 minutes) for subsequent withdrawals.
How to contact Webull support for withdrawal issues?
For any issues or questions regarding withdrawals, you can contact Webull customer support via their in-app Help Center, or by emailing them at customersupport@webullpay.com (for crypto-related queries) or calling their support line.
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