2022 Qualcomm Stock Price Predictions – Big QCOM Stock Forecast

Looking to invest into Qualcomm stock to take advantage of future growth ?

This analysis of Qualcomm stock price predictions will help you leverage what most analysts

are forecasting for QCOM stock in the years ahead.

Additionally, I will share my short-term forecast of Qualcomm stock price so that you can take advantage of the occasional spike in volatility as well.

Qualcomm Stock Price Prediction | Overview

Qualcomm is a wireless technology company located in San Diego, California.

It main business is the development and sales of wireless modems mainly used in cellphones, data centers and other related semiconductors industries.

With the recent advances in 5G technologies, many believes Qualcomm stock is set to grow more than ever before its split in 1999.

After all, the company holds multiple patents in use by the biggest technologies companies such as Apple just to name that one.

QCOM stock price history

Over the last 10 years, QUALCOMM stock has gone from $50 to a recent spike to $188 as shown on the chart below.

Qualcomm stock price prediction -qCOM price history over last 10 years
QCOM Stock has gained 276% over last 10 years

That represents a 276% growth albeit most of this surge has taken place between early 2020 and end of 2021.

Certainly one can argue that QUALCOMM stock price returns in this period are not all that impressive.

However, the company provide a nice quarterly dividend to its shareholders to help offset the timid rise.

At 68 cents per quarter, you as an investor get to receive $2.72 per share each year.

You can decide to re-invest that money in for more shares of QCOM stock.

Who Are Qualcomm Shareholders

The main shareholders for Qualcomm stock are big institutions.

As an investor it is very re-assuring to see such vote of confidence is an established company.

The table below summarizes the big holders of the company stock.

Entity% QUALCOMM Shares Owned
Institutions77%
Corporation Itself0.03%
Others23.3%
Insiders0.11%
Qualcomm Shareholders as of December 2021

Qualcomm Stock Price Forecast

Out of 36 analysts who have provided ratings for Qualcomm stock price, none of them is recommending to sell this stock.

In fact, here are the bullish view distribution:

  • 31% of analysts have a Strong buy Rating
  • 42% Have a Buy Rating
  • 27% recommend Holding the Stock

Analysts Price Target for Qualcomm Stock

The current price range for QCOM stock price is quite large.

As shown below, the lowest price is at $160 while the highest forecast price is around $393.

Qualcomm stock price prediction - Analyst price target for QCOM stock
Large Range for Qualcomm Price Target | $160 to $393

What we can infer from this wide range of price is simple the potential that exits for sustained growth.

My recommendation is to use the positions cost distribution for QUALCOMM stock to get a better idea about the volume distribution.

In this Webull volume Analysis discussion, I shared how you can make usage of this data to gauge the true value of a stock.

Positions Cost Distribution for Qualcomm Stock

The volume distribution for QCOM stock shows that the average cost is around $154.

With that number, we can derive that the distance to the current price of $180 is just shy of 17%.

Qualcomm stock price prediction - positions cost distribution shows 87% of total profited shares
QCOM Average cost is 17% lower than the current price

In all fairness, the price at of this writing of $180 is the result of a recent strong Earnings.

May I suggest to wait for QCOM price to come closer to the average cost of $150 range before you start building your long term position based on the forecasted price we shared earlier.

Typically, Qualcomm stock tends to be more volatile following quarterly results as depicted in the video below.

You can take advantage of this volatility by trading options as we did in the video above.

Let me share my Qualcomm stock price forecast around Earnings that enables our traders in our Discord room to generate big profits four times a year.

Qualcomm Stock Price Short-Term Forecast

I have studied a basket of about 100 stocks around Earnings each year.

This study includes stocks such as Qualcomm (Ticker: QCOM), AAPL, NVDA, AMD, WDC, MU jsut to name a few.

The output of the research I call Quantitative Earnings Analysis enables me to forecast Qualcomm stock price (and others) on the three days after Earnings.

Multi Years Forecast Study

With the goal to determine if Qualcomm stock make a significant move on the 3 days following each quarterly Earnings, I have studied the pattern of Qualcomm stock on these days since 2017.

Qualcomm Stock Price Predictions - Qualcomm Quantitative Earnings Analysis by Successful Tradings
Qualcomm Earnings Quantitative Analysis From 2017 to 2021

Before we get to dissect the data, let me give you an overview of what the content is about.

For each Earnings date on the far left, I tracked the qualcomm stock closing price on the 3 days following the release of the company Earnings.

The columns in the above table are described below:

  • ER DATE:        The date of the ER.
  • CLOSE (P1):    The closing price of a stock before ER.
  • OPEN:             The opening price of a stock after ER.
  • DELTA:           The gap between the Close(P1) and OPEN
  • TIME:              AMC (After Market Close) or BMO (Before Market Open)
  • BMO :              Before Market Open
  • AMC:               After Market Close
  • DMH:              During Market Hours

What does the Qualcomm Earnings Quantitative research tell us?

First thing that jump straight to us is the accelaration of the price since May 2017 Earnings.

QCOM stock price grew from the 50’s to the 80’s in just one Earnings release.

Since then, it has continued to grow with great consistency reaching a recent high of $180 after November 2021 Earnings.

How To Use Qualcomm Stock Price Earnings Forecast

The most important information on the data chart are the cells in green and red.

The color coding is as follows.

Green if the cell is greater than positive 2%

Red if the value of the cell is less than -2%.

The forecast for this Qualcomm stock price is derived from this simple observation.

11 out of 16 Earnings have yielded a green cell on day following Earnings. That is 70% accuracy.

I can add the most recent data point for November 2021 and that qualcomm stock price Earnings volatility forecast increase to 71%.

This forecast is mostly bullish because the red side only has an occurrence of 7times out of 17.

You may be thinking that the average bullish move is 3-4% which may not be much for an average stock buyer.

However, we use this qualcomm stock price forecast to trade options.

As you may know, the advantage of options is that it cost us way less money than the price of the underlying qualcomm stock.

Furthermore, a 3-4% move on the qualcomm stock will yield 200-300% profit trading weekly qualcomm options.

Below is a recent qualcomm options trade win for 478% using the QUALCOMM Earnings Forecast research we just described.

Qualcomm stock price prediction - QCOM Earnings forecast  research led to 478% profit trading options.
478% Trading Qualcomm Options using Earnings Forecast Research

You too can leverage our 10-baggers trading system to get profit on Qualcomm stock such as the one above and on many others stock as shown below.

FINAL THOUGHTS ON Qualcomm Stock Price Prediction

Qualcomm stock maybe at the beginning of a massive breakout following a very bullish Earnings.

Based on the current cost distribution of the QCOM stock, it may be astute to hold off a bit before jumping on these bullish predictions so that your entry can be closer to the average cost in the $150 range.

In the meantime, come learn how to take advantage of short-term volatility in qualcomm stock price by leveraging my Earnings Quant Analysis on QCOM as well as on multiple other stocks.

Best Indicator For Options Trading – 2022 Easy Guide

Feeling lost in the sea of options trading indicators ?

I know it can be very confusing for options trading beginners to choose the best trading indicator for your Options trading.

In this tutorial, I will reveal the best options trading indicator I have been using to generate big options trading profits.

By the end of your reading, I will take your through an easy step by step guide on how to use my 2022 best Options trading indicators.

Options Trading Indicators | What Is An Indicator ?

If you are new to stock and options trading, chances are you in the midst of learning various options trading indicators.

Before we delve into this tutorial, let’s take some time to define what is a technical indicator in options trading.

Options derived their value from the underlying stock they are based on.

Therefore, when you refer indicator for options trading, we really imply indicator the the underlying stocks.

Options trading indicators are signals that help options traders enter and exit option trades.

This means that in order to take a trade on AAPL options, a trader will wait for his/her indicator of choice to satisfy a specific criteria.

Are All Options Trading Indicators Worth It?

Many options traders often combine several indicators in order to make a decision on a trade.

How many indicators are out there for options trading ?

I am not sure I know the full exact count.

However, I can tell you that in the large communities of TradingView, there are over 100 indicators for option trading.

Best Indicator for Options Trading- List of 100 Built-ins Indicators from TradingView
TradingView List of Built-ins Indicator for Options Trading

Which bring the question : How does one know which one(s) to use especially when one is a beginner options trader ?

I guess the simple answer is why you are reading this very tutorial by leveraging my many years of experience with options trading indicators.

How Many Indicators Do You Really Need ?

My philosophy in options trading is to keep things simple and successful.

The Famous K.I.S.S. rule

You see what I did there ? Successful and Successful Tradings.

The smaller the number of indicators you are checking the easier it will be for you to avoid analysis parlysis.

Many of these indicators can contradict each others at times thus leaving you the option trader more confused than you should be.

We will learn in the upcoming section sections which ones I use and will give you a step-by-step guideline on how and when to rely on them.

Best Indicators For Intraday Options Trading

Most indicators for options trading are valid for different timeframes.

By that I mean, you can use them at any time granularity that you decide on.

I know traders who use 1 minute chart for options trading.

I am not one of them.

I prefer the 15-minute intervals because the charts have less noise.

Granted at the beginning of trading days, I often use 5-minute charts until there are enough candles to switch tothe 15-minute view.

Best Indicator For Options Trading - AAPL 5 and 15 minutes chart for November 24 2022 with Successful Trading Indicators
5-minute (left) vs. 15-minute Charts of AAPL with Technical Indicators

In the view above, one can see the 5 and 15 minute chart for AAPL stock.

The 15-minute chart has 26 candles for an entire day of trading vs 78 candles for the 5 minute chart to capture the entire 6.5 hours.

Bollinger Bands

The Bollinger Bands indicators are not that well known.

One way to give importance to the Bollinger Bands indicator is to consider them as natural support and resistance levels.

First, there are 2 of them.

The Upper Bollinger Band is the top one in red on the BBY stock daily chart below.

Lower Bollinger Band is the lower one in purple.

Best Indicator for Options Trading - BBY dailyChart riding the Upper Bollinger Bands for over 30 days
BBY Daily Chart riding the Upper Bollinger Bands From October to November 2022

Together, they form an envelope within which the stock price oscillate most of the time.

The Lower Bollinger band serves and natural support meaning the price will tend to bounce off it.

Whereas the Upper Bollinger Band is a resistance level the price usually have a hard time going above.

I say “usually” because it is not rare for stocks with strong momentum to trade higher (outside) than the Upper Bollinger Band.

As an illustration, check out the above daily chart for BBY stock moving along between the Upper Bollinger Band (red dots) and the EMA8 Yellow line.

Best Indicator for Options Trading - Bollinger Bands Settings on TradingView charts
Bollinger Bands Indicator Settings

After Earnings on November 23, the BBY stock felt below the lower Bollinger Band (purple crosses) and was able to bounce off it on that day.

Moving Average Indicators

Moving average are by far the most popular indicators for options traders.

There are calculated by averaging the price over a given number of candles.

You would hear trader ssay MA8, MA9, MA15 or MA20.

These refer to Simple moving Average 8, 9 , 15 and 20 respectively.

The numbers are the number of candles the average is considering.

Therefore , if you happen to be looking at a daily chart (each candle represent one trading day), these moving average consolidte price price over as many days : 8 days , 9 days, 15 days and 20days.

Should you use 15-minute interval, 8 candles will account for 2 hours.

What Is The difference between Simple and Exponential Moving Averages

If you happen to attend a Coaching session with me or watch one of of my technical analysis Videos on my YouTube channel, you will hear me say EMA8 and EMA20 .

Tha tis because I use the Exponential Mobving Average 8 and 20 period.

Why Exponential in lieu of simple ?

Because the Exponential moving average gives more weight to the most recent candles.

For instance, in the MA8, all candles have the same weighting whereas the EMA8 will give 33% more weighting to the last 3 candles.

Think of tit this way: If someone want to predict your future and you are telling that what you did the last 8 months.

Chances are the actions you have taken over the last 3 months are more indicative of the potential direction you are going.

How To Use Moving Average For Options Trading Exit

Either you are using MA or EMA options trading indicator, you need to know that in a bullish trend, the moving average become a support line.

This means that if the price start falling because your EMA8 for instance, then the trend is changing and it is time too exit or at least start scaling out of that bullish trade.

Best Indicator for Options Trading - EMA8 acting as Support on 15 minute chart
EMA8 indicator acting as Support on 15-minute chart of AAPL Stock

On the chart above, the first arrow point to a time when the EMA8 stopped being support for the stock before a bearish trends begins.

The second arrow(in yellow) depicts a scenario where the price bounced off of the EMa8 before continuing higher.

In such instance, options traders can confidently stay in their call options and enjoy further gains later simply by applying the concept of support from EMA.

On the other hand, when the price of a stock is going down, EMA8 will act as resistance.

Below is a good illustration on a recent trade we traded on Roku with Puts while the stock was going down while EMA8 is behaving a great resistance.

Best indicator for Options Trading - EMA8 is acting as resistance in a bearish downtrend
EMA8 is acting as Resistance in bearish Trend for Roku

Why I Use Two Moving Averages Indicator

I use two Moving averages because the shorter term one (EMA8) tracts the most recent momentum whereas the longer term one (EMA20 , green in my chart) depicts a slighter longer term momentum.

Consequently, the crossing of the EMA8 over or below the EMA20 is a good indicator of the strength of the recent momentum.

Best Indicator for Options Trading - EMA8 crossing below EMA20 for Bearish Momentum
Crossover of EMA8 below EMA20 for bearish Trend for 7 days

You can use these strategies on EMA8 crossing over EMA20 to set up bullish trades or EMA8 crossing below EMA20 to setup bearish trades.

Moving Average Convergence Divergence | MACD

The moving average convergence Divergence (MACD) is another classic indicator of options trader.

I do not use it as often as the other one to enter or exit mytrades.

However, it is good to check it for trend reversal from bullish to bearish and vice versa.

Relative Strength Indicator | RSI

The Relative Strength Index is a bottom chart indicator.

Most traders will set this one up with an upper threshold value of 70 to 80 to trigger overbought condition..

This means that the stocks is extended and may have a hard time going higher.

The opposite of overbouhgt is when the RSI indicator is below 30.

Such condition is known as oversold. Often, dip buyers are eager to point this out as a trigger for bullish reversal.

In my experience, the RSI does not consistently provide options traders with a clear signal on what tto do.

Why ? You may ask.

Stocks can stay oversold or overbought over a long period depending on the strength of whichever side (bullish or bearish) is dictating the direction.

VWAP Is The Best Indicator For Options Trading in 2022

The best indicator I use for options trading is the VWAP or volume weighted Average price.

In the next section will prove why it is a must have if you are serious about trading options.

What is VWAP Indicator ?

VWAP takes into account how much volume is traded at each price level.

You can think of VWAP as the value price in the sense that if more traders are willing to buy a stock below VWAP, that means it is cheap.

Though some trader use the VWAP for daily charts, the most common use of it is for intraday trading.

Meaning when the market is open, you can use the VWAP on any time interval: it is the same value.

I do not se the envelope for VWAP as is the case for the Bollinger Bands.

Best Indicator for Options Trading- VWAP Entry on Bearish momentum
VWAP Indicator helped Entry on Bearish Momentum

Why Should You Learn This VWAP Options Trading Indicator

VWAP Indicator for options trading will help you easily identify when to enter a bullish or a bearish trade.

Therefore it takes the guess out of your options trading entries.

So many times I get the question from beginners traders: how do I know when to enter?

How To Use VWAP For Option Trading Entries

For each bullish or bearish scenario, the VWAP indicator clearly helps for entry because it is close to the price at the beginning of the day.

Unlike the Moving averages that can be far apart from the current price (think about gaps situation), the VWAP always tells which direction the stock in going after a reasonable number of candles.

On Bullish Entries with Calls Options

For a bullish entry, on the 5-minute or 15-minute chart, we need to see the price above the VWAP indicator and positing higher highs.

Then it is okay to take a bullish trade and ride momentum.

Here is the short video explaining how to trade a bullish setup using the VWAP indicator.

On Bearish Entries with Puts

You will recognize a bearish setup thanks to VWAP indicator when the price is below VWAP and the stock is posting lower lows.

As long as the price remains below the EMA8 which in this case will act as resistance as seen earlier, you can confidently stay on the trade to get bigger profit.

Bonus | My Best Option Trading Exit Strategy

Now after you successfully entered your bullish or bearish option trade using the our favorite indicator VWAP, the next question you may have is : When do I exit the position.

The huge advantage of the Scale Exit Strategy I use is that you get to take profits gradually.

At some point you end up playing with “the house money” without any stress.

This is how we have been able to generate multiple 10-Baggers like the ones below.

Download My Scale Exit Strategy today for Free.

FINAL THOUHGTS

I shared my best options trading indicator in this step by step tutorial so that you can take your trading to the next level in 2022 and beyond.

If you are serious about options trading, I strongly recommend investing in your education so that you can Master Options Trading Skills that will last you for a lifetime.

TradingView Pro vs Pro+ vs Premium – Which Is Best For You

Are you looking to get a Subscription on TradingView charting platforms.

TradingView Pro vs Pro+ is the usual debate for many traders.

This quick guide will help you select between TradingView 3 mains subscriptions: TradingView pro vs pro+ vs premium so that you can start enjoying superior charting tools.

TradingView Pro vs Pro+

I have been using Tradingview charting tool for almost a decade.

My experience is that this world class charting tool is second to none in its ability to help you with your trading.

Nowadays, It supports all types of markets not jsut the usual stocks and commodities.

You can use TradingView pro or Pro+ or premium for the following assets: Forex, Cryptocurrencies, international markets.

Whatever you want to doin charting based on your trading style, one of the TradingView pro, pro+ or premium can help you achieve that.

TradingView Pro vs Pro+ vs Premium - Pro give 2 charts per window
2 Charts Window from TradingView Pro

How Do You Choose between TradingView Pro, Pro+, Premium

The most important thing for me is that once you have a subscription plan, you no longer will be dealing with the annoying pop-up ads.

Just that time wasting is enough to invest in at least the TradingView pro.

From there, the beauty is that you can upgrade from Pro to TradingView Pro+ or TradingView Premium without paying any extra money !

Isn’t that a great feature?

Yes, at anytime, TradingView will take the time left on your current subscription plan and translate it into the higher Subscription Plan.

That way, you get to enjoy the benefit of more features without the worry of spending extra money.

Should you then decide to keep you upgraded plan, you will just renew the original subscription when the due date comes.

Difference between TradingView Pro Pro+ and Premium

The initial choice of a TradingView pro vs pro+ vs Premium Subscription plan depends on what you want to do.

If you are a beginner trader, the TradingView pro version will suit your needs just fine.

As you expand your trading skills, you will have the luxury to access more features in the TradingView pro+ and premium like scripting with dynamic and intraday exotic charts.

To help highlights some of the main difference between TradingView Pro, Pro+ and premium here is my suggested Summary table.

TradingView ProTradingView Pro+TradingView Premium
# Charts per Window248
Indicators per Charts51025
# Server side Alerts20100400
Bar ReplayYesYesYes
Formula Based Dynamic ChartsNoYesYes
Volume ProfileYesYesYes
TradingView Pro vs Pro +vs Premium Features Differences

Can you Get TradingView Pro for Free?

I am sure if you may have seen content out there on YouTube suggesting how you can install a piece of code to get TradingView pro for free.

I do not recommend following any of those recommendations.

Do not get me wrong, I understand that money can be tight sometimes.

However, if you are serious about trading, chances are you will make enough money so that a TradingView pro or pro+ membership is not too much of a challenge.

Especially given the sales that TradingView offers all year on the pro, pro+ and premium plans.

Number of Charts per Window on TradingView Pro vs Pro+

When you are trading on one monitor, it can be difficult to follow multiple stocks simultaneously.

This is solved via the multi window feature on the TradingView pro, pro+ and premium.

Each TradingView subscription plans offers a number of charts per window.

The TradingView pro+ offers up to 4 charts per window vs 8 for the premium version.

Indicators per chart on TradingView Pro vs Pro+

The free version on TradingView only offers 3 indicators on each chart.

With TradingView Pro and Pro+, you will be able to add 5 and 10 indicators respectively.

This number grows all the way to 25 in the Premium plan.

Now, I am not sure what type of trader needs 25 indicators on a chart but should you be that person, then the TradingView premium will satisfy that requirement.

My Favorite Feature of TradingView Pro/ Pro+

I coach Options traders in our Discord Room.

So technical analysis on TradingView Pro or Pro+ is something I use regularly.

The feature that comes in handy for this work is the Replay Bar.

It enables traders to easily get familiar with the various indicators.

Here is the video explaining this feature and the others we have been using to get great results you have seen on my YouTube channel.

How Much Does TradingView Pro Cost?

With the current sale on TradingView Pro, Pro+ and premium, it will cost you least than 50cents per day to get all the above feature of TradingView Pro.

I am not sure if you are a coffee drinker at some of the fancy place.

But may I suggest you find a way to fund your yearly TradingView Subscription of less than $155 by altering just that one small habit.

The price of the TradingView Pro+ still comes down to less than $1 per day at $199 USD per year.

This year, you will Get an Extra Month Free on your yearly Plan.

This is a no brainer even if you are a current subscriber.

TradingView will add more time to your Membership.

In my scenario, I have 65 days left on my current Subscription.

I will extend my current subscription for one year = 365 days + 1 month + 65 days = 465 days after my purchase.

Here is the offer for Black Friday and Cyber Monday.

How To Use TradingView ?

Now that you have decided on which TradingView subscription plan best fits your needs, you are eager to setup your TradingView Pro or Pro+ charts.

I have created this easy video to help you do just that in very simple steps.

Should you have any questions on how to best use TradingView as part of your trading, you can contact me directly on this website or write me an email or leave your comment on our multiple educational videos.

Best Bitcoin Wallet For Android in 2022

Best Bitcoin Wallet For Android in 2022-best bitcoin wallet
choosing the best Bitcoin Wallet is the most difficult step

Want to learn about the best bitcoin wallet for android in 2022? Technology has progressed throughout time, and today things that appeared impossible a few years ago are now a reality. You can now get meals, services, and just much anything else online and pay for it without ever leaving your house.

What Is Bitcoin Wallet?

It should come as no surprise that cash payments are becoming obsolete. Along with wireless payments such as Google or Apple Pay (which still require a banking account or card, i.e. real cash), cryptocurrencies such as Bitcoin are becoming increasingly popular.

The fundamental advantage of cryptocurrency is that it does not rely on banks to authenticate transactions, instead of relying on blockchain technology, which employs a peer-to-peer system in which money is sent directly from a sender to a recipient.

The term “crypto” refers to the use of encryption to safeguard transactional data and ensure the transaction’s authenticity. Because there is no centralized location for keeping the data and it is encrypted, it is considered tough to hack.

In this article i will tell you about the Best Bitcoin Wallet For Android in 2022

A Bitcoin wallet is a digital wallet that allows you to send and receive Bitcoins.

This is similar to having a real wallet. Rather than keeping real money, the wallet saves the cryptographic information needed to access Bitcoin addresses and send transactions.

Other cryptocurrencies can be stored in certain Bitcoin wallets.

How do Bitcoin Wallet works?

A Bitcoin wallet is an application software or device that can connect with the Bitcoin blockchain. Although many people conceive of Bitcoin wallets as “storage” devices, they reflect the cryptographic control of a blockchain address.

Each Bitcoin wallet has a set of private keys, or secret numbers, that correlate to the user’s blockchain address book.

These keys are used to sign Bitcoin transactions, giving the user authority over the bitcoins in the address.

If an attacker obtains the private keys of a wallet, they can transfer the Bitcoins from that address to their own wallet.

List of recognizable android wallets:

This is the list of some of the android bitcoin wallets used:

  • Bitcoin Wallet
  • Coinbase
  • Coinomi Wallet
  • Eclair Mobile
  • Electrum Boitcoin Wallet
  • Exodus
  • Gemini
  • Mycelium Bitcoin Wallet
  • Trust
  • Some brokerage apps like SoFi
  • Hardware crypto wallets
  • Bitcoin.org’s Choose you Wallet tool

Coinomi, The Best Bitcoin Wallet for Android :

Coinomi is a mobile and desktop wallet that allows you to transfer and receive over 1,770 different cryptocurrency assets.

Coinami Wallet is a good cryptocurrency wallet with a lot of options. Every coin based on ERC20/223/723, Omnilayer, NEM, BEP2, and TRC10 is supported. As a result, it’s a fantastic wallet for anyone who wants to hold a variety of coins.

The app also has a nice UI, good security, multi-seed support, a DApp browser, and other features.

Founder of Coinomi:

George Kimionis launched Coinomi in 2014 to develop safe blockchain application solutions. Moreover, the firm currently employs less than 20 people and has not received any outside investment.

Why choose Coinomi:

Coinomi provides its, users, a range of features including:

  • Your private keys are never sent outside of your device. Strong wallet encryption and cryptography ensure that your funds are kept safe and under your control.
  • Coinomi’s mobile app has expanded to fully support both iOS and Android, and now a desktop version has been added, wallet access and control are even more accessible.
  • Bitcoin, as well as the majority of significant cryptocurrencies and tokens, is supported natively. Integration of major cryptocurrencies and tokens continuously. When it comes to coin selection and adding, the utmost care is taken.
  • Coinomi has been in existence since 2014, has never been hacked, and has never caused a user to lose money.
  • There are no costs for transmitting or receiving transactions; the transaction fees are paid straight to the miners.
  • Transaction costs are determined dynamically, ensuring that you always get the best deal. You may also set up and utilize your own fees in any of the supported currencies.
  • Through our strategic partners and multiple DEXes, you may immediately swap between hundreds of assets and thousands of pairings. Transaction speeds are faster than industry standards, ensuring privacy.
  • You may pay directly with altcoins to bitcoin addresses, and vice versa, thanks to advanced technology. There are no more steps or sign-ins to complete. The procedure of making a cross-chain payment is as simple as clicking a button.
  • Coinomi is available in a variety of languages, including English, Chinese, Spanish, French, German, Russian, and others, with more translations on the way.

SegWit Supported:

Coinomi supports Segwit, which means that if you’re transferring Bitcoin or Litecoin, you’ll get faster confirmations and reduced costs.

Change between Bech32, P2SH, and legacy modes dynamically.

Integrated with Built-in Exchange:

An in-wallet exchange facility is something that a few multicurrency cryptocurrency wallets provide. This allows you to trade currencies without removing them from the device. Coinomi is no exception, as the company has teamed with ShapeShift and Changelly to allow customers to trade their cryptocurrencies on the go, straight from their Coinomi wallet.

This saves money on exchange fees as well as the time and effort involved in sending coins to an exchange.

Furthermore, because you do not need to transfer your coins to an exchange to convert them, you avoid the costly and privacy-invading KYC regulations that certain exchanges impose.

Supported Coins:

Coinomi supports over 125 distinct blockchains (according to its website, the most for non-custodial wallets) and over 1,770 total crypto assets, including tokens.

The most popular coins Coinomi supports are: 

  • Bitcoin 
  • Ethereum 
  • Ripple 
  • Litecoin 
  • Bitcoin 
  • Cash 
  • Monero 
  • Dash 
  • Zcash 
  • Tether 
  • USDC 
  • GUSD

Overall Customer Review:

Best Bitcoin Wallet For Android in 2022-coinomi customer review
coinomi has received overall 4-5 star review from the community

Coinomi employees, according to Reddit threads, are quite responsive. Coinomi claims to have “millions of satisfied users” and that “none of their phone-based wallets have been hacked or otherwise compromised” since 2014.

This appears to be the case, according to users, as there aren’t many complaints regarding their service. Most online reviews appear to support this, with the Coinomi wallet receiving a rating of 4-5 stars.

Setting up Coinomi Wallet:

The Coinomi wallet is available for Android and iOS phones, as well as Windows, Linux, and also on OSX computers. It’s simple to download, install, and use the wallet on any device.

Here’s a quick guide on setting up your Coinomi wallet:

Help & Support :

Although Coinomi is a free option, it does provide help to its users through a variety of channels. To begin, they provide an official help portal with a range of user manuals and some of the most frequently asked questions.

You may always file a ticket through the portal if you have a more specific question that has not been answered. You will be issued a ticket number after your ticket has been filed. This is helpful since you may use it to follow up with the team via their other channels of communication.

Coinomi has active accounts on Twitter, Telegram, and Facebook, where they communicate with their followers daily. They keep an official blog for some of the most major news and releases.

Is Coinomi a safe option:

Coinomi claims itself as a wallet that prioritizes security. The security of the assets cannot be underestimated, hence it is a reasonable concern for bitcoin wallet creators. What security features does Coinomi have to provide its users?

To begin with, Coinomi users have access to their private keys, which they may share with no one else. Users’ private keys are also encrypted, so Coinomi staff cannot access them. Private keys are only kept on the devices of the users.

What makes it so crucial? It’s critical because even if the Coinomi network is hacked, the cash will remain in the hands of the users, and hackers will be unable to access funds.

Having your private keys is, of course, a benefit that comes with more responsibility. If you lose your password and/or seed phrase, for example, you won’t be able to access your account again no matter what you do.

Want to know about Top 5 Coinbase Alternatives?

CONCLUSION

Finally, Coinomi is the best bitcoin wallet for android in 2022 and is a wonderful choice for desktop or mobile because of its user-friendliness, security, and a large selection of supported cryptocurrencies.

Furthermore, because new users are sometimes hesitant to trade on exchanges where figures swing about on both the ask and sell sides, trading using the Coinomi wallet makes the procedure much simpler. The Coinomi wallet is likely to appeal to anybody, including advanced users.

6 Best Altcoins Wallets to Use in 2022

Best altcoin wallets

Wallets for alternative cryptocurrencies are critical to the development and operation of cryptocurrencies. This kind of best altcoin wallets offer both security and convenience in terms of sending and receiving payments. 

Wallets for cryptocurrencies operate in the same manner as Bitcoin wallets. In reality, a vast majority of alternative cryptocurrency wallets support the world’s biggest cryptocurrency. 

We’ll go through what makes one Altcoin wallet superior to another, and why. In addition, we will give you a selection of the best Altcoin wallets for you to choose from.

What is the significance of selecting the best Altcoin wallets?

Altcoins (alternative cryptocurrencies) began to rise throughout the globe shortly after Bitcoin was created. The success of each currency was predicated on the fact that it made improvements to the Bitcoin protocol. 

For example, Ethereum took the Blockchain idea and turned it into a decentralized platform. Now, it provides a platform where anybody may create unique applications for the network. 

For its part, Litecoin is a cryptocurrency that is comparable to Bitcoin in many aspects. However, it has quicker transaction times, making it more convenient to use for payments.

6 Best Altcoins Wallet to USe in 2022 - Most popular Altcoins in 2022 Dogecoin, Shiba, Etherum
Popular Altcoins in 2022

While many Altcoins were developed with the intention of being superior to Bitcoin, others were merely made as a joke or, worse, as a hoax to defraud investors. 

In a similar way, there are hundreds of best Altcoin wallets accessible. Although many of them are reputable and legitimate, some are amateurish. There are yet others that are just a front for criminals to hide behind. 

The finest Altcoin wallets will guarantee that you do not fall prey to a criminal’s trap. In addition, it provides you with better functionality and support for alternative cryptocurrencies.

Which cryptocurrency wallets are the most reliable?

Choosing the Best Altcoin Wallet

It is crucial to note at this moment that there is no one wallet that can meet the demands, skill levels, and coin support requirements of every person. 

While some users may be seeking a wallet to keep the rare Altcoin, others may be hoping to make a profit on a regular basis via frequent trades and transactions.

Various Types of Bitcoin Wallets

Because there are so many various types of Altcoin wallets accessible, it is a good idea to categorize them in a number of ways. 

One of the most common methods of doing this is by dividing Altcoin wallets into two categories: cold and hot. Cold wallets are physical devices that are small enough to fit in the palm of your hand, but not necessarily. 

They are not free. However, they do offer improved security by being unplugged from the Internet for the majority of the time. On the other hand, a hot wallet is often free. However, this also implies that it is less safe than a cold wallet.

Hot wallets may be divided into the following categories:

Desktop Wallet

It is a type of bitcoin wallet that can be installed on your PC. Such wallets may be compatible with a variety of operating systems. Some may restrict to Windows, Mac, or Linux only.

Mobile Wallet

With the help of a simple Wi-Fi connection, you may transfer and receive coins using your mobile wallet. It is simply loaded on your smartphone. The best cryptocurrency wallets for mobile devices are those that function on both iOS and Android smartphones.

Browser Wallet

This wallet allows you to access your money and make transactions straight from your web browser, eliminating the need to download any software or other software-based solutions.

Price

Another crucial factor to consider is the cost of the wallet. With a few exceptions, the vast majority of hot wallets are free, but the vast majority of cold wallets are not. 

The decision on which choice to choose is mostly influenced by the level of security necessary. It’s possible that a hot wallet will be sufficient if you’re just going to hold a tiny amount of Altcoins. 

In contrast, if you want to invest in the finest Altcoins and hold on to them, a safe cold wallet (also known as a hardware wallet) is preferable.

Currency Exchange 

One feature that some of the best Altcoin wallets provide is integrated solutions that allow you to swap currencies quickly and easily. 

The end result would be that you’d be able to purchase and sell multiple supported currencies through an exchange, with cash immediately leaving and entering your wallet as needed. 

As an added convenience, certain wallet providers may also handle cryptocurrency exchanges, making the whole transaction easier and sometimes more cost-effective.

6 Best Altcoins Wallets

WalletTypeNumber of CurrenciesRecovery OptionPrivate Key AccessStorage TypeSecurity Level
Ledger Nano SHardware1100YesNoColdHigh
GuardaDesktop Mobile Web49YesYesHotMedium
CoinbaseDesktop Mobile100YesNoHotMedium
TrezorHardware1180YesNoColdHigh
ExodusDesktop Mobile103YesYesHotMedium
IndacoinCEX100
Crypto Wallets Comparison

Ledger Nano S

Because of its elegant look and robust functionality, the Ledger Nano S is one of the most recognizable cryptocurrency wallets on the market. 

With the ability to accept more than 1,100 different Altcoins and ICO tokens, it is very user-friendly and suitable for both novice and expert users. The Nano S is a hardware wallet that features tamper-alert software to detect unauthorized access.

The wallet retails for a fairly reasonable price considering the features it offers. For reasons of security, you must have the device with you at all times in order to authorize transactions. 

However, in order to increase convenience, Ledger offers a mobile application that makes browsing and execution of transactions more straightforward.

Pros

  • User-friendly
  • Supports more than 1100 coins and tokens
  • Provides an excellent value for money
  • Lightweight
  • Portable

Cons

  • Doesn’t provide any private key access
  • Difficult navigation

Guarda

Guarda is a popular digital wallet that has the particular feature of being compatible with a wide range of devices and browsers. 

Additionally, Guarda offers a Chrome extension, as well as Ubuntu, Mac, and Linux software, in addition to functioning on iOS and Android devices as well as Windows computers. 

This free worldwide Altcoin wallet may link to partner exchanges to give a quick method to purchase and sell currencies. It is simple to set up and literally anybody can use it.

Guarda is undoubtedly one of the top best Altcoin wallets for beginners due to its ease of use and simplicity. Due to the fact that it is an online wallet, it is not as secure as a hardware wallet. The total experience, however, may be had for a far lower investment of money. 

Please bear in mind that Guarda is a non-custodial wallet.

It means that users are completely responsible for keeping their passwords and recovery phrases private and secure.

Because Guarda is unable to act, you will be unable to access your cash if these documents are lost.

Pros

  • User-friendly
  • Supports more than 50 coins and tokens
  • Provides the private key access
  • Available across devices
  • Compatible with different OS

Cons

  • Supports a small number of coins and tokens
  • Less secure than other cold wallets

Coinbase Wallet

Coinbase Wallet is the second regulated wallet on our list of the best Altcoin wallets. It is also the one we most widely use. Coinbase Wallet, which is owned by one of the major Bitcoin brokers in the world, is completely free to use and very simple to set up. 

Despite the fact that it is a popular mobile wallet, it is safeguarded by extensive security safeguards, some of which are similar to those found in banks.

When utilizing the Coinbase Wallet, you have the option of connecting with an online exchange in order to automatically transfer and receive other currencies.

While one of these exchanges is Coinbase itself, you are not restricted to using just this particular exchange. 

This wallet also allows you to connect with Decentralised Apps that are built on the Ethereum blockchain directly (DApps).

Pros

  • User friendly
  • No setup fee
  • Available on Android and iOS 
  • Supports recovery option

Cons

  • No private key access
  • Supports a small number of coins

Trezor

Trezor Altcoin Wallet

Trezor is a well-known maker of bitcoin wallets that are both safe and dependable. It was established less than a year after the birth of Bitcoin and now supports more than 1,000 other cryptocurrencies and tokens. 

The Model One wallet is the most affordable of the company’s major wallets, retailing at €59. The navigation buttons on this model, as opposed to the touch screen of the more costly Model T, allow for easier navigating.

Trezor’s Model One is a simple device that is suitable for both beginners and more experienced users alike. However, even though hardware wallets like this are inherently more secure than other options. 

Trezor includes two-factor and FIDO2 authentication mechanisms to further increase their security. When you link this gadget to your smartphone, the possibilities for its use become almost limitless. 

Using this method, you will discover an increasing number of applications that enhance the functionality and convenience of your Model One.

Pros

  • User friendly
  • Safe and reliable
  • Supports more than 1000 coins
  • Provides good value for money

Cons

  • Difficult navigation 
  • No private key access

Exodus

6Best Altcoin Wallets for 2022 - Exodus Altcoin Wallet
Exodus Altcoin Wallet

Exodus is a desktop and mobile wallet. It has the rating as one of the best Altcoin wallets in terms of overall usability. The online wallet, which is popular among Altcoin traders, features real-time price charts as well as the opportunity to purchase and sell Altcoins directly. 

It supports more than 100 different currencies and tokens. Moreover, Exodus also provides a selection of alternative applications to improve your trading experience and manage your money.

This Altcoin wallet is non-custodial, which means that it is primarily the responsibility of the user to keep their passwords and recovery phrases secure and confidential. If you don’t have them, you’ll be unable to access money in the future. 

If you’re a trader who is eager to invest in Altcoins, Exodus has a lot to offer, including the ability to trade while on the road straight from its mobile application.

Pros

  • Free Setup
  • Supports more than 100 coins and tokens
  • Available on desktop, Android, and iOS
  • Trading apps and live charts available

Cons

  • Higher conversion fees
  • Less secure

Indacoin Wallet

For Android and iOS smartphones, Indacoin Wallet is a mobile cryptocurrency wallet that supports a variety of cryptocurrencies. This wallet has received favorable feedback from its customers, and it provides a free method for getting access to a wallet in seconds. 

Indacoin Exchange is owned by this organization, and this wallet allows you to trade Altcoins as well as purchase them using a debit or credit card.

The Indacoin Wallet is simple to use, making it an excellent choice for novices. A total of over 100 different currencies and tokens are accessible via the wallet. Account activation is as simple as providing a cellphone number, and customer service is accessible around the clock. 

This is particularly critical in the event that you lose access to your wallet due to a password forgetting incident.

Pros

  • Supports more than 100 coins and tokens
  • Direct Altcoin purchase or conversion
  • Available on Android and iOS
  • Supports recovery option

Cons

  • Android app has bugs
  • Less secure 

Conclusion

As cryptocurrencies continue to develop, so will the best Altcoin wallets, which will become more and more sophisticated. 

In addition to the wallets listed on this page, there are countless more platforms where you may purchase, sell, and store cryptocurrencies and tokens. 

However, the wallets we discussed about on this page are super dependable, respectable, and trustworthy. Picking a wallet provider you can rely on, much like choosing a bank account, may save you time, money, and frustration.

Is Webull safe – It is Risky To Invest on Webull in 2022 ?

Is Webull Safe in 2022 ? Webull is one of the newest online brokers, founded in 2017 and debuted in May 2018 with just a mobile app. Stocks, ETFs, options, and cryptocurrencies are all available at Webull.

This smaller collection of assets aims the younger and more self-directed clients.

Meanwhile, the more conscious investors cannot help wondering :Is Webull Safe to Invest with in 2022 ?

Is Webull Safe | What Is Webull

Webull Financial LLC provides a commission-free electronic trading platform for stocks, exchange-traded funds, options, margins, and cryptocurrencies, accessible by mobile app and desktop computer.

Who Owns Webull?

Wang Anquan owns Webull’s parent business, Fumi Technology. He controls roughly 35% of the organization. Xiaomi ranks second with roughly 14 percent, followed by Noah Holdings Ltd. with around 9%. So far, Anthony Denier’s ownership share has remained unknown.

How does Webull Make Money?

Webull is a FinTech startup that allows customers to trade financial commodities like stocks and exchange-traded funds (ETFs) without paying a fee.

Payments for order flow, short selling fees, subscription fees, interest paid on margin, and earnings gained by investing funds on balance are all ways that Webull generates money.

Webull does not charge any kind of commission. But even no-commission platforms, must generate money in some way. Here’s how Webull goes about it:

Payment for order flow

This is a contentious but frequent technique in which trading applications generate money. They do so by routing clients’ orders to high-speed traders.

Stock Loans

Some investors engage in a technique known as short-selling.

It involves betting on a company’s stock price falling. Webull generates money by lending investors’ shares to short-sellers.

They then sell the borrowed shares to third-party investors in the hopes of repurchasing them at a lower price later.

Interest on Free Credit Balances

A free credit balance is the amount of money that a broker has to pay you on-demand. This includes the money you deposit in an account or dividends. Brokerages profit from the idle cash in your account by lending it to other parties. They collect the interest on it.

Margin Interest

Users who have at least $2,000 may create a margin account. It allows them to borrow money to purchase stocks. Customers get more purchasing power, but they also take more risk. The amount of the margin loan decides the margin rate. Webull charges interest every month. A debit amount of up to $25,000, for example, has an annual margin rate of 6.99%.

Webull Growing Popularity

Webull is touching new heights of popularity in the stock market.

The criticism against Robinhood Markets’ trading limits may be sending users to Webull Financial, one of the brokerage’s fastest-growing competitors.

New account signups were 1,548 % greater than the seven-day norm, according to the Chinese-owned brokerage.

The company’s trading app, which had a previous standing at 60th. Hence, it is now the second-most popular free iPhone app in the United States, behind only Robinhood.

Google Trends Stats Worldwide Search

Before the year 2021, the Google trends for Webull were not so encouraging. However, over the course of last 12 months, there has been amazing fluctuations particularly in the month of January. We can expect the same in the January 2022. So, let’s look forward to it.

Is Webull Safe?- Webull worldwide trends over the past 12 months
Webull worldwide trends over the past 12 months

Google Trends stats USA

Similar to what we discussed for the worldwide trends, the Webull trends in the USA have been really promising. We can hope to expect some bigger things in the coming year!

Is Webull Safe? - Webull Search Trends in USA
Webull trends 2021

Compare Webull Popularity to Nemesis Robinhood

Millions of users have flocked to Webull and Robinhood, two of the most popular investing apps, for their ability to swiftly trade and monitor stocks, options, and cryptocurrencies.

In several critical areas, Webull compares well with Robinhood, if not outperforms it.

Moreover, Webull provides helpful charts, better customer assistance, and still gets the job with no fees.

Looking at the Google trends Search for the two millennials trading platforms, Robinhood is 6 to 7 times more popular that Webull as depicted on the chart below.

Is Webull Safe?- Webull vs Robinhood Web searches from 2018 to 2021 - Robinhood is 7times more popular in searches than Webull
Webull vs Robinhood Web Searches by Google Trends

Robinhood is fantastic for no-cost trading, an innovative mobile app, and fractional shares, whereas Robinhood is great for no-cost trading, a slick mobile app, and fractional shares.

Although the cryptocurrency market is open 24 hours a day.

Webull’s extended hours trading function allows users to trade conventional assets such as stocks and ETFs from 4 a.m. to 9:30 a.m. or 4 p.m. to 8 p.m. (The stock market’s typical hours are 9:30 a.m. to 4 p.m. Eastern Time).

This feature is making Webull more popular than Robinhood.

Is Webull a Legit Trading Platform

All of the key financial regulators regard Webull to be a legit trading platform.

In general, any brokerage’s safety may be determined by the level of protection you have as an investor and the broker’s history. And on these counts, Webull is unmistakable.

How is Webull Regulated in the USA?

Webull is a licensed broker-dealer with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). 

The SIPC, since 1970, is a non-profit, nationally required, and member-funded organization that has guaranteed funds placed with US-registered brokerages.

The Securities and Exchange Commission (SEC) of the United States has launched its official website to safeguard investors and ensure fair, orderly, and efficient markets by preventing fraud, manipulation, excessive speculation, and insider trading.

However, Webull customers may invest in over 5,000 US-listed stocks, ETFs, and other assets without paying a fee. Investors may use the app to access trading services encompassing market data from over 100 exchanges in 90 countries.

Everything is there: stocks, bonds, commodities, foreign exchange, options trading, and cryptocurrencies.

Webull Regulations in other countries?

In the USA, the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regulate Webull. However, outside the USA i.e. in China and Hong Kong, Hong Kong Securities and Futures Commissions (SFC) are undertaking its regulation.

Which other countries have access to the platform today?

At present, other than the USA there are very few countries in the world that have access to Webull. These few countries are China and Hong Kong, Korea, India, Japan, Malaysia, Turkey, Brazil, and The Philippines. So, it is very clear that Webull operates in different countries in the world and it may become operational in some other countries also. 

How do different regulators control Webull?

Webull is regulated by federal securities regulations that guarantee that all investors are treated fairly. The SEC zealously enforces all federal securities laws and holds everyone responsible for any violation.

On the other hand, FINRA’s purpose also includes investor protection. As a government-authorized non-profit, they protect the integrity of the financial markets by monitoring all brokerage firms in the United States.

However, every business that distributes securities products and the securities of their advertising is licensed and tested by FINRA. FINRA analyzes billions of market events every day.

Is Webull Safe to Invest with?

When choosing an online trading platform, look into what financial authorities control the site to ensure its reputation. As you can see, many top-tier organizations are behind the regulation of Webull. This guarantees that it complies with all US, UK, and international laws ensuring the protection of investors.

Webull is Reliable
Webull is Reliable

How are stock investors protected? 

Webull is a member of the SIPC – Securities Investor Protection Corporation. It means that clients have a cover-up of $500,000 ($250,000 in cash) if the brokerage goes out of business. It is also relevant in the case of loss of assets.

The brokerage’s clearing business, Apex Clearing, has extra insurance coverage that covers securities and cashes up to a total amount of $150 million.

This is subject to maximum restrictions of $37.5 million in securities and $900,000 in cash for each client.

However, bear in mind that this coverage won’t prevent you from just losing money in the market, which is why investing sensibly is so crucial. 

How are Crypto investors protected? 

An account with Apex Crypto is a must-have to trade cryptocurrencies. Apex Crypto is not a broker-dealer that has the registration with the SEC.

It handles Webull’s crypto trading and custody.

Moreover, Apex Crypto performs the transaction and maintains the coin money when you purchase a cryptocurrency on Webull. 

While Apex Crypto seems to offer secure crypto storage, there are a few points to keep in mind: 

  • Its bitcoin assets are not covered by insurance.
  • Its risk statement states that in the case of technical issues, it may not have enough financial coverage to compensate for bitcoin losses.

What Do Users Say About Webull?

Webull is ideal for the trader or aggressive investor who does not want assistance.

It also appeals to individuals who wish to trade since there are no additional expenses.

There is no account minimum, competitive margin rates, and zero fees on stocks, ETFs, options, and cryptocurrencies.

Is Webull trusted by Investors?

Since its inception in 2017, Webull has seen consistent development.

Not only has it survived the COVID-19-facilitated 2020 crisis, but it has also managed to grow its service offering during that period.

Webull has allowed its traders to utilize cryptocurrencies as trading instruments from the end of November 2020.

Who is Webull Target demographic?

Webull’s most significant target demographic, millennials, were reflected in the mobile-first launch.

Webull serves the newer and more active traders.

In addition, Webull welcomes people who take interest in a platform that offers a wide variety of free services, such as no account minimums, commission-free stock/ETF, and options trading and numerous cryptocurrencies.

Moreover, customers of Webull receive a lot of bang for their buck: a beautiful platform with a lot of valuable tools and features, as well as attractive profit rates.

Is Webull Really Free?

Webull does not charge commissions on any transactions, including the purchase and sale of cryptocurrencies such as Bitcoin and the trading of options.

Robinhood popularized commission-free trading, which is now the industry standard, even among major brokerages like Charles Schwab and Fidelity.

According to Webull’s website, regulatory bodies like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) may still charge extremely tiny fees, such as $0.02 per transaction.

Is Webull Good For Beginners?

Webull is an excellent broker for newcomers.

First and foremost, their online platform is ideal for any newcomer, as it offers a wide range of order types, good customizability (workspace, charts), and is ultimately user-friendly.

Also, with two-step authentication, the Webull mobile platform is secure.

However, many newbies to trading are afraid of expenses, so the no-fee for options, ETFs, and equities is a massive plus for them.

A simple account registration procedure is another reason why this platform is a good location for new traders to start.

There is no minimum deposit, and everything is entirely digital and very quick.

FINAL THOUGHTS

This article provided arguments to answer the question : Is Webull Safe for new investors in 2022?

Depending on your investment type, you can feel secure to invest with Webull as many regulations are in place to protect your money.

As for cryptocurrencies product, Webull current clearing firm Apex Crypto does not provide the security to the many traders who embark in this new endeavor.

Until time will tell how people will feel about that part of Webull not knowing what may happen t their money should some awry happens down the road.

Binance vs Kraken – Which One To Choose in 2022?

Binance vs Kraken

Binance vs Kraken – Both are two well-known worldwide exchanges that provide cryptocurrency trading, staking, margin trading, institutional services, and various other services.

Advanced trading choices, cheap costs, and mobile applications are all available on these two crypto exchange platforms. Furthermore, both have aimed at intermediate or advanced users. Binance, on the one hand, has somewhat cheaper costs, a more comprehensive selection of currencies, and more options to deposit and withdraw money.

On the other hand, Kraken is recognized for its excellent security standards, has just received Wyoming bank charter approval, and plans to go public in 2022.

Binance

Binance, the world’s biggest cryptocurrency exchange by trading volume, was created in 2017. The exchange began in China. It now has over 13.5 million active users and operates in the United States, Europe, and other parts of the globe.

Binance trades approximately 500 cryptocurrencies, including two coins it created: BNB (Binance Coin) and BSC (Binance Security Coin) (Binance Smart Chain). Trading on leveraged tokens, cryptocurrency futures, and a decentralized exchange are all available on the platform (Binance DEX).

Kraken

Kraken was one of the first significant cryptocurrency exchanges, having been created in 2013 in San Francisco. After the Japanese cryptocurrency exchange, Mt. Gox went bankrupt in 2014, and consumers were forced to open an account with Kraken to recover their funds.

Moreover, Kraken currently supports over 70 coins for trade. It has cheap costs and a wide range of sophisticated trading options, including futures, margin, and over-the-counter (OTC) trading. Furthermore, Kraken is known for its impenetrable security – the platform has never been hacked.

Binance vs. Kraken: Which one is easy to use?

Binance and Kraken may both be accessed using a web browser or a mobile app. When it comes to simplicity of use and Binance vs. Kraken, Kraken comes out on top. For first-timers, every crypto trade might be a weird and unfamiliar experience. However, Binance’s user interface does not make things much simpler for the typical novice.

Binance

The Binance web interface presumes that visitors are familiar with how to use a cryptocurrency exchange. There are three viewpoints available: “basic,” “classic,” and “advanced.”

In the basic view, converting one crypto to another should be straightforward enough for everyone, given the display has two dropdown selections. The classic view, which includes charts and order books, provides a more convenient trading experience. The advanced view is designed for skilled traders and may be beneficial to experienced users.

Kraken

Kraken is more enticing to those who aren’t acquainted with exchanges. The interface is more user-friendly and clearly explains how to complete tasks. Users may make a purchase or sell order by selecting the “new order” option. The procedure is also made simpler by the style, colors, and bigger text.

Binance vs. Kraken: Which is more secure?

Binance vs Kraken - Security
Binance vs Kraken – Security

Without any doubt, the most critical factor to consider when selecting a cryptocurrency trading platform is security. This remains true in this Binance vs. Kraken comparison, as well as every other crypto-related comparison you may encounter!

However, you risk losing all of your assets if you put your funds into a less secure exchange. Although most of the top-tier cryptocurrency trading platforms have their security mechanisms in place, it’s still worth remembering!

Binance

Hackers got into Binance in 2019 and stole $40 million in cryptocurrency. While no more security breaches have happened afterward, the incident raises concerns. Those inquiries have also gone unanswered by the corporation. Binance does not provide all of the facts of how it protects its crypto assets.

Kraken

Kraken has never been hacked, and its security policies are open and transparent. In fact, the company’s website has an entire page devoted to explaining its extensive security features. The exchange maintains 95 percent of its cash in air-gapped cold storage, keeps its servers under 24-hour video monitoring, and encrypts all sensitive account information at both the system and data levels.

Binance vs. Kraken: Good Features

In terms of trading, both platforms provide a lot of the same functionality. The purchasing, selling, and converting of cryptocurrencies are the main things for which most people utilize crypto exchanges. If all you want to do is convert some fiat cash to cryptocurrency, any exchange will suffice.

Binance

Peer-to-peer (P2P) trading, margin lending, futures trading are all available on Binance. Advanced charting and technical analysis tools are also available. Specific transaction types, like margin trading, are not accessible on Binance for US customers but are available on Kraken.

Kraken

For some of the most popular proof-of-stake currencies, such as DOT, ATOM, and XTZ, Kraken provides simple staking options. Users of Kraken have access to a unique platform called Cryptowatch, which allows them to trade on various exchanges simultaneously.

Binance vs. Kraken: Range of Currencies

Binance vs. Kraken: Range of Currencies
Binance vs. Kraken – Range of Currencies

Around 7000 distinct cryptocurrencies are presently accessible for consumers to investigate, analyze, and exchange. Even crypto beginners nowadays want to start building varied portfolios right now. However, you’ll need to be able to buy a variety of cryptocurrencies to do so.

Both Binance and Kraken provide USD/crypto trading pairings, allowing various cryptocurrencies to be exchanged for dollars directly on the exchange.

Binance

For international customers, Binance supports over 500 currencies and various stablecoins such as DAI, Tether, and Binance USD (BUSD). It also takes 19 fiat currencies, including the USD, AUD, Hong Kong dollar, Euro, GBP, and Indian rupee. Residents of the United States, on the other hand, are restricted to 47 cryptocurrencies and only USD fiat money.

Kraken

There are 69 currencies available on Kraken, including three stablecoins: USD Coin (USDC), DAI (DAI), and Tether (USDT) (USDT). It accepts seven fiat currencies:

  • The US dollar
  • The Euro
  • The Canadian dollar
  • The Australian dollar
  • The British pound
  • The Swiss franc
  • The Japanese yen

The number of coins available to US investors is restricted to 52.

Binance vs. Kraken: Affordable Fee

Binance and Kraken utilize a maker-taker pricing structure, which allows them to charge substantially cheaper costs than other prominent platforms like Coinbase. At first appearance, Kraken costs seem to be lower than Binance’s, with maker-taker fees ranging from 0% to 0.26 percent vs. 0% to 0.10 percent on Binance.

Binance

Binance’s trading fees are as low as 0.1 percent. Withdrawals are 3.5 percent of the balance, with a $10 minimum. As is the case with most exchanges, cryptocurrency withdrawals vary by currency. Binance is the obvious winner when it comes to reduced fees.

Binance Coin (BNB) clients may save funds on trading fees by using Binance’s exchange token. All customers have to do is keep BNB in their accounts, and fees will be automatically deducted infractions of the currency. Customers get a 25% discount when paying fees using BNB.

Kraken

Kraken charges a fee of up to 0.26 percent on each transaction. A user’s activities determine the actual amount over the previous 30 days. The smaller a trader’s fees are, the more money they trade. Withdrawals from Kraken might cost up to $60. Additional costs apply to margin and futures trading.

Binance vs. Kraken: Which Mobile App is Reliable?

Kraken and Binance both provide mobile applications that allow you to trade while on the move.

Binance

Binance has just one app; however, it has two different modes: Lite and Pro.

The app’s Lite edition has a primary interface that allows you to keep track of cryptocurrencies you’re interested in, make immediate buy/sell orders, and manage your account. The Lite mode is relatively simple to use if you’re new to Binance or cryptocurrency trading platforms in general.

Advanced traders may utilize Pro mode, which contains several Binance online platform’s charting tools and features. Full-screen charts with hundreds of technical indicators and depth charts are available. You may also use Pro mode to access all of Binance’s trading modules, including futures and options trading.

Kraken

Kraken offers two separate applications that fulfill comparable functions to the Binance Lite and Pro versions.

Using the simple Kraken app, you can rapidly purchase cryptocurrency in pre-defined sums such as $20 or $40. It also provides basic line charts to examine price data without needing to do extensive technical analysis.

The Kraken Pro app is a little more complicated, and it’s not nearly as smooth. While it has many similarities to the Binance app’s Pro mode, we found the Binance app to be more user-friendly. Furthermore, having both Lite and Pro modes in one app rather than navigating between two separate applications was a huge advantage.

Binance vs. Kraken: Buying Limits

You can only transact a certain amount of money every day on Binance and Kraken.

Binance

Your transaction limitations on Binance are determined by how many identity verification procedures you have completed. You may purchase and sell up to $300 worth of cryptocurrency every day by providing your name, address, and date of birth.

However, your daily purchase limit is boosted to $5,000 when you add an ID to your account and verify it with a recent picture. You may trade up to $50,000 every day provided you verify your address.

Kraken

Kraken does not have buying limits. However, it does set deposit and withdrawal limits depending on your account level. Starter account users may make monthly deposits of up to $9,000 and daily withdrawals of up to $5,000. Pro account members can deposit and withdraw up to $10 million per day or $100 million per month.

Binance vs. Kraken: Wallets

Binance

The Binance Trust wallet, available for iOS and Android smartphones, is Binance’s cryptocurrency wallet. Binance supports over 500 cryptocurrencies, including all of the tokens accessible for trade on Binance. It also supports non-fungible tokens (NFTs) and lets you purchase and trade cryptocurrency right from your phone.

Moreover, the Binance wallet has a Web3 browser that allows you to access decentralized financial applications (dApps). Binance also allows you to transfer money to anybody, anywhere on the globe, immediately and with no costs.

Kraken

You cannot utilize Kraken’s cryptocurrency wallet. To be clear, you don’t need a wallet to use Kraken to purchase cryptocurrency. Because the exchange has built-in storage for users, your coins will remain secure in your account. More than 95% of Kraken’s coins are kept in cold storage, so you can rest easy knowing that your money is safe.

Conclusion

It’s difficult to go wrong when choosing between Binance and Kraken as your bitcoin exchange. Both exchanges allow you to trade a wide variety of coins. You may also purchase and sell digital currencies on margin or trade bitcoin futures.

SpecificationsBinanceKraken
Ease of UseComplex to understandSimple to Use
SecurityGood SecurityFoolproof Security
Trading FeeLess than 0.1%Up to 2.6%
FeaturesP2P Feature AvailableCryptowatch Feature Available
CurrenciesMore than 500More than 69
Withdrawal Fee3.50%$60
Mobile AppsOne App; Two ModesTwo Apps
Buying LimitsUp to $50,000 Per DayUp to $10 Million Per Day
WalletAvailableCold Storage Available

Binance’s extensive selection of cryptocurrencies appeals to international customers. Residents in the United States, on the other hand, will be less charmed by the lack of options.

However, Kraken provides better transparency, emphasizes security, and offers a reasonable number of currencies for US customers, however considerably fewer coins for foreign users than Binance.

Binance is a better option than Kraken since it accepts credit and debit card payments, has a larger selection of cryptocurrencies to trade and has cheaper spot trading costs.

How To Add Money to Webull Account

Congratulations, you just created your Webull trading account.

But Before you can place your first trading order for that stock or crypto (Shiba inu I guess ?),

you will need first to add money to your Webull account.

This easy simple tutorial will guide you step by step with the process of How to Add Money to your new Webull account.

How To Add Funds to Webull

In order to start trading on Webull for the first time, you will need to deposit funds into your account.

That process is described below and can be done from your Mobile app.

Step 1. Click on the Center icon from your main screen as shown below.

How To Add money to Webull Account - how to access the Transfers Screen
How To Access the Transfer Page on Webull App

Step 2. Select the “Transfers” Menu on the Top on the Right of Orders

On the Transfer page, you will be given the choice to enter your brand new bank account you want to link to your Webull account.

You cannot use credit cards to Fund your Webull account.

Neither can you use pre-paid cards, PayPal or other types of bank accounts at this time.

You will need a checking account to your name.

This is very important because for your first time establishing this bank account on Webull, you will need to verify your ownership of the bank account.

How To Add money on Webull Account - First time verification process options
Webull First Time Deposit verification

This can be done in real-time verification or with micro-deposit of $1 .

The second method takes 1 or 2 business days so the real-time verification process is much better.

Webull recently introduced the option to deposit money to your Webull account by wire transfer.

However, given the paperwork associated with it, you will be very likely to make a mistake so I do not recommend it at all unless you absolutely do not have any other choice.

How Much Can you Deposit on Webull Daily?

Your daily maximum deposit from your bank account to your Webull account is fixed to $50,0000.

The verification process described above is in effect for the first time only.

Therefore, for all your subsequent deposit to Webull account, the process is much easier.

How Long Do Webull Deposits Take ?

After you have followed the steps to deposit funds into your Webull account, the Webull team will send you an acknowledgment email that looks like this one below.

How To Add money to Webull Account - Webull Official confirmation Email
Webull Deposit Confirmation Email

This Email will confirm how much money you requested to transfer to your Webull account .

More importantly, you will be advised of the time it takes for your transaction to process.

It takes up to 5 business days. Yikes !

But does that mean that you have to wait until the transaction ahs cleared to start trading on your webull account ?

Can you Trade on Webull Account Before Your Transfer is Completed ?

You guessed it, you do not have to wait until the full transaction between Webull clearing house and your bank settle the funds

The very next business day or on the same day (if you initiated the funding request before 4pm EST) ,Webull is kind enough to grant you Instant buying Power.

The amount is usually a fraction of the money you are transferring from your bank to Webull trading account.

In the example above, $100 was credited s instant buying power before the funds were settled.

How To Cancel Your Deposit in Webull

While your deposit is still in transit, you have the possibility should you change your mind to cancel your deposit to Webull.

I have not tried this before to tell you how effective this process is but I know that the option is there for you just in case.

Below is the screen capture showcasing how to cancel a Webull deposit while still in transit within five business after initiation.

How To Add Money to Webull Account - Screen on how to cancel an in transit deposit
How To Cancel Webull Deposit (In Transit)

Risks To Deposit Money to Webull

Because Webull provide you with trading capital before your funds are fully transferred to your trading account, there are some risks you need to be aware of.

In the event that your bank account does not have enough money to satisfy the amount of funds you requested, you will be charged a $5 reversal fee by Webull clearing firm.

You may run into this issue if your banks has a limitations on the number of ACH transactions per month.

Please check with your bank to ensure that you are authorized a sufficient number of ACH transfers each month.

How To Add money on Webull trading account - Be aware of $5 reversal fee
$5 Reversal Fee For Insufficient balance

An even worse scenario could be the one where you start trading with Webull Instant buying Power.

Then you lose some of or all of that money and your transfer never settle because of an issue as mentioned above with your financial institution.

Webull will come after you for that money and can even close your account.

You maybe thinking that $5 is not a big deal and you are probably right.

However, may I remind you that you can buy 10,000 Shiba inu coin with $5 !

How To Withdraw Money From Webull Account

Just below the Deposit icon inside the Transfer page of the Webull App, you will find the Withdraw options.

Webull will always tell you right there how much you can withdraw.

all you have to do is to click on Withdraw and enter how much of your available withdrawable balance you want to transfer to your bank.

Notice that it has to be the same bank you linked to your Webull account when you initially setup at the start of this process.

How To Add Money on Webull - How to Withdraw money from Webull account
Withdraw Option on Webull

Alternatives To Deposit on Webull

It is always good to have a backup trading account.

Chances are your main trading platform can encounter an outage one of these days.

That has happen to me many times helas 🙁

A Good alternative to deposit money on Webull is to setup a secondary trading account with E*TRADE.

E*TRADE offers the ability to do same day wire transfers.

You will not be relying on luck with your Initial Buying Power as with Webull.

FINAL THOUGHTS

I showed you how to easily add money on Webull trading account so that you can start trading.

While you are waiting for your fund to arrive, below are some of the Webull features beginner traders on Webull have found very useful.

How To Use Webull Stock Screener – Easy Step by Step guide

Webull App and Desktop provide a stock screener to help traders find suitable stocks. From long term investing through swing trading and stock or options day trading, Webull stock screener is well positioned to help you take your trading to the next level. Webull Stock Screener on Mobile App One of the biggest challenge aspiring and veteran traders share with me in my Discord room is how to pick stock to trade. Often, I discover that a lack of a …

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How To Read Level 2 Market Data on Webull

Webull Level 2 Market data provides an intuitive view of the battle between buyers and sellers. In this tutorial, you will learn how to leverage Level 2 data from Webull to take your trading to the next level. What Is Level 2 Data On Webull ? Level 2 market data in trading is a view of buyers and sellers intend through their respective orders. It provides the depth of how many shares traders are buying and selling as well as …

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How To Read Webull Charts – Easy 2021 Step by Step Guide

If you are new to stocks or options trading, reading stock charts is one of the most intimidating skill to master. Hopefully, Webull platform introduces very intuitive stock charts. This easy step by step guide will bring you an in depth view into how to read Webull charts so that you can easily focus on growing your account. How To Read Webull Charts | Webull Charts Settings Whether you are using the Webull App or its desktop version, setting up …

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How To Use Webull Volume Analysis

How To Use Webull Volume Analysis

The new Webull Trading App offers plenty on new tools and features to help stocks and options traders. In this discussion, we will be focusing on How to Use The Webull Volume Analysis feature. With the intended goal to incorporate this tool into your trading strategy to help grow your account. How To Use Webull Volume Analysis | What Is Volume in Stock Trading Volume in stock trading is the sum of the number of shares sold plus the number …

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How To Trade Options on Webull : 2021 Step-by-Step Guide

Webull Options trading has been lacking for a long time. Finally, the platform has decided to step up to its many customers requests and introduce a slew of features in 2021 including Options Tradings. By the end of this tutorial on How to Trade Options on Webull App or Desktop, you will be equipped with the knowledge to set up your Webull options trading App or the Dashboard, access the the training course offered on the App version of Webull, …

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How To Use Webull App For Beginners – 2022 Easy Guide

So you just signed up for Webull and downloaded the App on your Mobile Device.

You are eager to start making trading on Webull.

But before you do so, you need to learn how to use Webull App for beginner traders or investors.

This step by step tutorial will guide you through all the initial steps so that you can graduate from a rookie Webull beginner to a confident trader who is about to take their account balance to the NExt Level.

Webull App For Beginners | Setting It Up

Before one can walk ( on the moon – smile if you got the reference) , one must learn how to crawl.

In our context, this equates to going through the baby steps of the Webull App.

One such initial endeavor is to choose the market(s) you want to trade on the Webull mobile App.

How To Choose Markets To Trade on Webull App

Webull App currently offers trading in several markets across the globe.

If yours is not available, it is just a matter of time before you are able to enjoy trading on this App.

The United States, Canada, Singapore, Finland, Hong Kong are the main markets you can choose from as shown below.

The Menu to setup your markets look as shown below.

How To Use Webull App for Beginners - Webull view of available markets to trade on
How To Access more markets in Webull App

From there, you can click on the icon on the far right with the horizontal line to unveil further market you can select as displayed below.

How TO Use Webull app for Beginners - Webull list of markets include US, Canada, Hong Kong, Singapore, Denmark, Finland, Israel, Finland , Sweden Taiwan
Webull Full List of Markets

Market Analysis Using ETFs

A good place to start to get a feel about your overall market is through the ETFs offered in that market.

What Are ETFs ?

ETFS are Exchange Traded Fund that track basket of stocks in a given market.

For instance, in the US markets two very popular such ETFs are SPY (entire 11 sectors of the markets) and QQQ (technology company).

They are heavily traded by most investors and short term traders alike.

How To find Out the Holdings of Each ETF ?

To avoid any potential confusion, let’s me clarify that S&P500 is the the same as SPY ETF while QQQ tracks exactly as the NASDAQ.

To access the list of big moving for for each ETF, Click on the ETF, then the chart and select Peers.

The first screen looks as the one below:

How To Use Webull App For Beginners -3 major US ETFs :DIA, SPY and QQQ
Major US ETFs | Down Jones, S&P 500 and NASDAQ

Then after clicking on the chart above the listed three ETFs, you will see the Top moving stocks for your selected ETFs.

In the view below, I selected the S&P 500 for illustration purpose.

How To Use Webull App For Beginners - S&P 500 Top movers on Nov 2 2021
S&P500 Top Movers for Nov 2

How To Select Stocks On Webull App

There are over 8000 stocks to trade from in the US markets.

This number does not even take into account the booming Cryptocurrencies.

Therefore, it is a real challenge for beginners to find out which stocks they should be trading.

Where To Find Stock To Trade On Webull App ?

Hopefully, Webull app makes it a little bit easier to navigate by creating the following 3 categories.

1. Top Gainers

2. Top Losers

3. Most Active

You can sort the most active stocks by volume, %Turnover and %Range.

The default view below is by volume with the pre-market % Change below the price.

How To Use Webull App for Beginners - Most Active Stocks provided by Webull
Webull Most Active Stocks Screener by Volume

How To Build Watchlist On Webull App ?

Creating a watchlist for Stocks may be straightforward for most traders.

However, if you find yourself looking for a good way to track options on a watchlist, then the following short step by step video will help you do just that.

Is Webull Popular Stocks a Trading Strategy ?

Trading and investing is becoming more and more like a social experiment.

Webull and other stocks media platforms are offering traders and investors alike the leverage to finf out what other like minded people are thinking and doing on specific stocks.

What is Webull popular ranking ?

I can understand the value provided by stocks popularity rankings especially for beginner traders.

The market can be quite confusing as first asking when you are trying to get yourself situated.

It is much easier and comfortable to follow the crowd.

According to Webull platform, these rankings are updated evey10 minutes taking into account the following variables: number of comments, posts and views.

How To Use Webull App for Beginners - Webull Popularity Ranking
How To Access Webull Popularity Ranking

Webull is quick to add that the ranking do not constitute a form of investment advice and it should not be used as a basis for an investment decision.

So what is it for then ??

Anyways, here is how you get to the Webull ranking.

On the page of any stock, click on the “comments” menu to get the view below.

How To Use Webull app for Beginners - Top Ranked stocks is Live and updated every 10 minutes
Webull Top Ranked Stocks as of October 31 2021 – 2pm PST

Can you Use Webull Popularity As an Edge in your Trading ?

At the time of the writing of this article, #SHIBUSD is the Top ranked stocks on Webull followed by #DOGEUSDand # BATUSD.

This makes sense given that the market is closed on this Halloween day while Crypto markets worldwide are open.

On a regular’s trading day Monday through Friday, this Webull Top ranked is will provide you with the most watched or traded stocks.

Typically, if a stocks is moving, it is certain to be followed by a great deal of trader and thus its ranking is bound to trend.

Should you and I consider such stock or instrument as a trading edge ?

I put it to the test last week for you and traded CEI bullishly as it was breaking above $2.

Well, my friends that stock violently reversed and put and end to my short experiemnt.

Granted, I could have made a decent return trading puts options on it.

However, this is not part of a strategy I have tested and believed I can consistently get an edge in this market.

Such is the case in the meme stocks frenzy era.

How To Place a Stock Trade On Webull App

Buying Full Shares

Buying full shares on Webull is easier than buying fractional shares.

The order ticket will guide you through this simple process by selecting one of the 4 available order types we are describing below.

How To Automate your Trade on Webull App ?

There are 4 Order Types you can use to trade shares of stocks in Webull.

  1. Limit Order
  2. Market Order
  3. Stop Loss Order
  4. Stop Limit Order

Many traders often get confused with the Limit order.

Simply, it means that you are deciding a fixed limit price you are willing to pay for the stock.

You are willing to pay as much as that Limit, let’s say $10.

If the market price is 9.98, then you can get filled for lower than your Limit price.

If the on-going market price is higher than you Limit order of $10, then you will not get a fill.

Buying Fractional Shares on Webull App

Many stocks are very expensive nowadays.

Hopefully, fractional shares make it possible to buy a small piece of a whole shares.

Imagine that you can be owner of a slice of AMZN stock even with just the price of a movie ticket.

Our full Tutorial on Webull Fractional Shares is available to further scrutinize this investing milestone.

Below is the Full video to show you how you can purchase fractional shares on Webull App.

Trading Options On Webull

I do not use Webull as my primary platform for options trading .

Should you decide to go this direction, I am providing the full review on this blog post titled : How To Trade Options on Webull

In fact, I have this ecosystem of Webull knowledge I strong encourage any beginner trader to indulge on so that you may be closer to mastering the steps of becoming a successful options trader.

How To Use Webull For BeginnersHow To Use Webull Level 2 Market Data
How To Use Webull ScreenerHow To Read Webull Charts
How To Trade Options On WebullHow To Read Webull Volume Analysis
Can you Paper Trade Options On Webull

FINAL THOUGHTS

This article on How to Use Webull App for Beginners aimed to give you an overview of all the insightful features of this progressive trading App.

Further studies are shared to help you increase your knowledge of trading may that be for stocks , options or crypto currencies.

Top 5 Coinbase Alternatives-2022 Easy Guide

Top 5 Coinbase Alternatives in 2022

In the eyes of many cryptocurrency investors, Coinbase represents the first step into the crypto-verse, which is a much wider realm. Coinbase provides an excellent user experience, particularly for newcomers to the platform.

However, fees on Coinbase might become prohibitively expensive, prompting many investors to seek the top 5 Coinbase alternatives in 2022. 

Are you considering making the transition away from Coinbase? Here is a list of the best Coinbase alternatives available right now.

Webull #1 Alternative to Coinbase

Webull - Top 5 Coinbase Alternatives in 2022
Webull Crypto Market

Founded in 2017, Webull is one of the more recent internet brokers, having launched with only a mobile application in May 2018. This mobile-first launch was symbolic of Webull’s most significant target market: millennials. 

With no account minimums, commission-free trading of stocks/ETFs and their options, as well as several cryptocurrencies. 

Webull is positioned itself to serve newer and more active traders. Moreover, those attracted to a platform that offers a wide variety of services for free.

Who Is Webull For?

Webull is designed for investors who wish to enter the financial markets with no minimum account sizes and no commissions. 

Given the fact that Webull is not a full-service broker, its customers must take a more hands-on approach to some areas of portfolio management. Webull consumers have skewed younger than at other brokerage companies. 

The broker’s no-cost strategy will also appeal to aggressive traders. Webull’s free options trading will particularly appeal to active options traders. 

As other brokers, including ones that have adopted free stock and ETF transactions, such as Schwab, continue to charge commissions on each leg of options trades.

#2 Alternative to Coinbase Binance

Binance - Top 5 Coinbase Alternatives in 2022
Binance – Exchange the World

Trades wishing to avoid the sometimes-outrageous expenses associated with other brokers or exchanges may want to take a hard look at Binance US, which has among of the lowest fees in the cryptocurrency business. 

An extensive spectrum of cryptocurrency traders should find the exchange useful. Particularly those who wish to go further into the industry beyond simply the top few brands. 

While the costs are nominal, you might have to pay for them by receiving little or no customer service. 

Remember, this exchange is established in the United States, not its parent company, which is based in Hong Kong and operates outside of the nation. 

Overall, Binance – the name we’ll use to refer to the company’s U.S. operation – is a compelling method to get started with cryptocurrency trading and investing.

Although Binance may not have the widest range of cryptocurrencies, it does provide far more than the more general financial applications such as Robinhood and Webull, which have been making inroads into the cryptocurrency market. 

With a total of 59 cryptocurrencies accessible on its site, you’ll be able to locate the most well-known brands in the industry. It includes Bitcoin, Ethereum, Binance Coin, Solana, and many others. 

Along with that, you’ll discover dozens of different cryptocurrencies, including several that you’re unlikely to be familiar with.

Who Is Binance For?

To attract as many users as possible, Binance has created a user interface that is simple and straightforward. 

The exchange is easy to use for beginners, but it also has enough currencies and features to satisfy the needs of experienced traders as well as beginners. Binance is a cryptocurrency exchange that I would suggest to crypto traders of practically any degree of experience.

The only people that may have difficulty navigating Binance are those who are new to the platform. These users are unlikely to have any cryptocurrencies and are unlikely to be familiar with the fundamentals of cryptocurrency trading.

Is Robinhood a Good Alternative to Coinbase ?

In its early phases, Robinhood distinguished itself as a game-changing disruptor in the stock brokerage market. Its most significant competitive advantage was the fact that it did not charge commissions on stock, option, and cryptocurrency trading. 

As a result of the elimination of fees by the majority of the brokerage sector, that advantage has been offset. 

Due to a simple design and user experience that emphasizes the fundamentals, Robinhood has created a strong brand and niche market among young, tech-savvy investors despite rising competition on pricing. 

In an effort to attract new consumers and improve the financial connection with existing customers, the broker recently introduced cash management services and a recurring investment option.

Robinhood - Top 5 Coinbase Alternatives in 2022

Despite the fact that Robinhood’s user base has risen at an exponential rate in recent years, the company’s success has resulted in increased scrutiny of the organization. It has also been under fire in recent months for unexpected outages and purposeful trade limitations. All of this occurred during periods of high volatility on the market.

Who Is Robinhood For?

With more than 13 million members, the average age of whom is 31 years old. It is apparent that Robinhood is emerging itself to be the go-to platform for younger investors looking to invest in the stock market. Even if it means investing in modest amounts through fractional shares. 

Because of Robinhood’s inherent simplicity, both the app and the website are clear and simple to use. If you’re thinking about trying your hand at cryptocurrency investment, Robinhood can assist you. 

You will be able to trade Bitcoin, Ethereum, and other cryptocurrencies on their platform. Robinhood has also extended its options trading platform, making the broker a potentially attractive alternative for options traders. But there are some worries regarding the quality of trade executions.

#4 Alternative to Coinbase | KuCoin

A well-known name in the cryptocurrency sector, KuCoin has succeeded in establishing itself as a leading one-stop-shop for all types of crypto-related transactions and transactions. 

In August 2017, the exchange launched with over 200 cryptocurrencies and more than 400 markets. It has since developed into one of the most vibrant cryptocurrency centers on the internet. 

The platform provides bank-level security, a slick interface, a user-friendly user interface, and a wide range of crypto services. 

It includes margin and futures trading, a built-in P2P exchange, the ability to buy crypto with a credit or debit card, instant-exchange services, the ability to earn crypto by lending or staking via its Pool-X, the opportunity to participate in new initial exchange offerings (IEOs) via KuCoin Spotlight, and some of the lowest fees. 

KuCoin - Top 5 Coinbase Alternatives in 2022
KuCoin – People’s Exchange

Who Is KuCoin For?

A vast range of coins, including lesser-known cryptocurrencies, as well as significant profit-sharing incentives – up to 90 percent of trading fees are returned to the KuCoin community through the use of KuCoin Shares (KCS) tokens, make KuCoin a popular choice among investors.

After experimenting with KuCoin for the first time, I was pleasantly surprised to see that the site is really user-friendly. In my opinion, everything from placing a deposit to concluding a deal is rather straightforward.

Aside from casual traders, the KuCoin exchange is a fantastic choice for more professional traders. Since it offers a variety of tools for analyzing pricing trends, such as candlestick bars. 

The typical trade volume at KuCoin, on the other hand, is in the tens of millions. It is significantly lower than that of larger exchanges like Binance.

Crypto.com | Another Alternative to Coinbase

The cryptocurrency platform Crypto.com may be suitable for you if you’re seeking an economical, all-in-one cryptocurrency platform. 

The more the amount of Crypto.com coin (CRO) you are able to stake, the greater the number of rewards you will receive from this exchange. 

The crypto exchange is a strong low-fee option even without the CRO incentives. Moreover, it has over 60 cryptocurrencies available in most of the United States. Especially if you wish to utilize a crypto debit card. 

Who Is Crypto.com For?

The exchange is one of the most cost-effective fiat-to-crypto gateways available. Using the exchange to trade cryptocurrencies will incur a tiny maker/taker charge, which you will pay out of your profits. 

A decentralized cryptocurrency exchange, on the other hand, is provided by the DeFi wallet, which allows you to trade cryptocurrencies with other users. 

Crypto.com - Top 5 Coinbase Alternatives in 2022
Crypto.com Is the Ultimate Trading Platform for Crypto

It’s possible that the trading interface on Crypto.com will be overwhelming to those who are new to cryptocurrencies. 

When you try to be everything, it’s normal to become overwhelmed by the amount of information on your website. There’s a lot to take in and a lot of jargon to learn, especially if you’re just starting in industry. 

Even with the relaunch of the website in 2021, there will be a great deal to do. Any website that contains a large number of items and services is likely to be tough to browse through.

Summary

Below is the comparison of the top 5 best crypto market alternatives of Coinbase in 2022. The comparison is based on two major factors, the fee per trade and account minimum.

Crypto ExchangeFee (per trade)Account Minimum
Webull$0$1
Binance0.1% spot trading fee; 0.5% instant buy/sell fee (4.5% fee for deposits with US debit card)$10
Robinhood$0$0
KuCoin0.1%0.1 USDT
Crypto.comBased on Levels of Trading Volume0.0003 BTC (19.4 USD)

Final Verdict

In order to start with cryptocurrency trading or investment, it is critical to select the most appropriate exchange for your needs. 

If you want to trade in the most currencies, pay the lowest costs, or have the simplest experience, there is a suitable alternative for you.

Whether it’s Coinbase or our overall winner Binance, all you need is a funded account.

After that, you can purchase your very first crypto investment.

How To Buy Shiba inu Coin on Webull

Shiba inu coin is the latest crypto currency to take the investing world to the next level.

In this tutorial, I will show you how you can easily buy Shiba inu coin on Webull.

Plus, I have a free Shiba Excel Calculator you can download to help you manage your investing in Shiba crypto.

Can You Buy Shiba inu Coin On Webull ?

Webull offers traders and investors to buy crypto on their trading paltform.

In fact, you do not even need a ton of money to get started in investing in crypto on Webull.

With as little as $1, you can become owner of shares or cons of you favorite crypto today.

Which Crypto Coins Can you Buy on Webull

As of this writing, Webull offers you 15 different Coins you can trade.

These range from Bitcoin (BTCUSD) , Dodge, Ethereum , Shiba inu (SHIBUUSD) , Dash, Litecoin just to name a few.

How To Buy Shiba inu coin on Webull - List of Crypto coin you can Trade on Webull
Available Crypto Coins tradable on Webull

Is Trading Shiba inu Coin on Webull Safe?

Webull warns every investor in crypto that the clearing firm the used called Apex Crypto is NOT FDIC insured therefore you must understand the risk in this investment.

Nevertheless, should you decide to assume the risk, let’s introduce a simple Shiba inu coin calculator you will need to buy Shiba coins.

Buy Shiba Coin on Webull Using My Free Calculator

I introduced this free calculator to help you determine how many Shina coins you can afford with your budget.

You simply enter the Dollar amount you want to invest and my Excel spreadsheet gives you how may coins you will get with that money.

Otherwise, you will have to guess every time how many coins to enter on your order form.

Here is what it looks like:

How To Buy Shiba inu Coin on Webull - Shiba Coin Excel Calculator
Easy Shiba inu Coin Excel Calculator to Buy Shiba on Webull
Download Shiba Calculator Below

The chart on the right hand side of the Shiba inu coin calculator gives you a quick answer to the question : How many Shiba inu coins can you buy for different investment amounts.

For instance, we can quickly glance that with $5, you can buy over 70000 coins of Shiba inu coins.

Watch Me Buy Shiba inu Coin On Webull Live

I recorded a Live purchase of Shiba inu Coin on Webull today.

Here is the full video for you to follow Along.

When on the Webull order Ticket for Crypto, the ticket has a button with a percentage of your buying power.

Let’s say to have $100 of buying power on your Webul laccount.

If you want to buy Shiba inu coin, you can slide the cursor to signify that you want t ouse 10% of your buying Power for this transaction.

10% of $100 is $10 and therefore you will expect using the above Shiba inu Excel calculator to buy over 140,000 coins of Shiba.

How Much Is a Shiba inu Coin ?

To help you up to the minute Live quotes on the the price of Shiba inu, here is a Live Chart you can come to and follow along regularly.

This daily chart of Shiba inu auto update and you can follow the technical indicators for Shiba inu right on it.

You can compare Shiba inu coin to other Altcoins readily provided in our Watchlist.

Should you need to see more Crypto not listed above, please send me a note live on this website or in the comments section.

Why Should You Buy Shiba inu Coin in 2022 ?

If you are looking for high return on investment, consider the recent performance of Shiba inu coin.

Suppose you invested $1000 in Shiba inu coin in Early October 2021.

Just a mere 30 days later, your investment would have returned 700%.

We know well that past performance are not an indicator of future returns.

However, in the sphere of crypto, early adopters hold a prime position compared to late arrivals.

The price of Shiba inu coin which you can track from our above auto updatable chart is so attractive compared to any potential upside, it is a no brainer of an investment.

You can start with as little as $1.

The Excitement of it is that you will quick hold millions of Shiba inu coins with just a few hundred dollars.

Alternatives to Buying Shiba inu Coin on Webull

If you are not ready to start trading Shiba inu coin on Webull, here are some alternatives to buy Shiba from Webull.

#1. Coinbase

Can you buy Shiba inu coin on Coinbase ?

#2. Binance

#3. Robinhood

#4.KuCoin

THOUGHTS

Finding the right and safe platform to invest in Shiba inu coin is still a challenge.

However, Webull enables you to start trading Shiba inu coin on their platform with a warning.

Are you willing to take the chance?