Crypto Exchange comparison
Coinbase vs Webull
Coinbase and Webull both let you trade crypto in Australia, but that's where the similarity ends. Coinbase is a pure-play crypto exchange with a massive global footprint, zero minimum deposits and 24/7 support. Webull is a full brokerage that happens to offer crypto — it gives you ASX shares, US stocks, options and crypto under one roof, with CHESS-sponsored HINs for your ASX holdings.
Choose
Coinbase
if…
- ›You want a dedicated crypto-first platform with no minimum deposit and trades starting from $2
- ›You value 24/7 live chat and phone support for any crypto-related issue
- ›You want to avoid any monthly market data fees — Coinbase includes real-time data for free
- ›You prefer a simpler product focused entirely on crypto without the complexity of shares, options or multiple markets
- ›You need to deposit via PayID/Osko or debit card for near-instant funding
Choose
Webull
if…
- ›You want to trade ASX shares and ETFs under your own HIN with CHESS sponsorship
- ›You want zero-brokerage ASX ETF trades and commission-free US stock trading
- ›You need a single platform for crypto, ASX shares, US stocks, options and Hong Kong/China A-shares
- ›You want fractional US shares and options trading alongside your crypto positions
- ›You'd use a demo account to practice trading before committing real money
Where they differ
| Fact | Coinbase | Webull |
|---|---|---|
| CHESS sponsorship | Not applicable (crypto only) | Yes — individual HIN provided |
| Minimum initial deposit | $0 | $500 |
| Market data fees | $0/month | $49.99/month for real-time data |
| ASX brokerage | Not supported | $1 min or 0.03% (whichever greater); $0 on ASX ETFs |
| Customer support hours | 24/7 live chat and phone | Phone Mon-Fri 8:30-18:00 AEST; in-app chat advertised 24-hour |
Verdict
Choose Coinbase for simple, low-barrier crypto trading; choose Webull if you want a full brokerage that also does crypto.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Coinbase | Webull |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | chess |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | Yes | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | Hong Kong, China (A-shares) | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | Yes |
| Options trading | No | Yes |
| CFDs supported | No | No |
| Crypto trading | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | — | 0.5% |
| FX spread (other currencies) | — | 0.5% |
| Holds USD account | — | Yes |
| Market data fees | $0/month | $49.99/month |
| Conditional order fees | $0 | $0 |
| costs visible | ||
| ASX brokerage minimum | — | $1 |
| ASX brokerage percentage | — | 0.03% |
| ASX brokerage threshold | — | $3,333 |
| ASX free trade conditions | — | ASX ETFs: $0 brokerage on all trades, no conditions. ASX shares: not free — $1 minimum or 0.03% (whichever greater). |
| US brokerage minimum | — | US$0 |
| US brokerage percentage | — | 0% |
| Monthly platform fee | — | $0/month |
| Annual platform fee | — | $0/year |
| Inactivity fee | — | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Coinbase Australia Pty Ltd | Webull Securities (Australia) Pty Ltd |
| AFSL number | 569,752 | 536,980 |
| AUSTRAC registration | Yes | Yes |
| Year founded | 2,012 | 2,022 |
| Parent / ownership | Coinbase Global, Inc. (NASDAQ: COIN) | Webull Corporation (NASDAQ: BULL), Cayman Islands holding company; originally backed by Hunan Fumi Information Technology (China) with investors including Xiaomi, General Atlantic, Coatue, Lightspeed |
| Country of incorporation | AU | Australia |
| Public company status | public | public |
| money movement | ||
| Minimum initial deposit | $0 | $500 |
| Minimum subsequent purchase | $2 | $0 |
| Deposit methods | PayID, Osko, Domestic bank transfer (BSB/Account), Debit card | PayTo, Bank transfer (EFT), International wire |
| Settlement period | — | T+2 for ASX; T+1 for US |
| Withdrawal time | Same day to 1 business day (PayID/Osko typically within minutes; first withdrawal may take longer for security checks) | 1-2 business days for AUD bank transfer; 1-5 business days for international wire |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | No | Yes |
| Free real-time market data | Yes | No |
| Free research reports | No | No |
| 2FA support | authenticator | authenticator |
| Customer support channels | Live chat (24/7), Phone support, Email, Help Centre | Phone, Email, In-app chat |
| Support hours (AU time) | 24/7 (live chat and phone) | Phone: Mon-Fri 08:30-18:00 AEST/AEDT. In-app chat: advertised 24-hour. |
| Education content | video + courses | structured |
| tax and reporting | ||
| Australian tax statement | No | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | Yes | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | multiple | weighted |
| DRP (dividend reinvestment) | — | No |
| After-hours / overnight trading | Yes | Yes |