As a day trader, finding Webull Crypto trading unavailable when you are about to make a considerable trade can be devastating.
With cryptocurrency worth millions trading every minute, it may be more than crucial!
Continue reading to find the potential causes and provide practical tips for fixing Webull Crypto trading not available.
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Webull Crypto: How Does It Work?
If you are into day trading, you would know about Webull Crypto trading, a commission-free stock and EFT-trading platform.
With the minimum despot of $1, almost anyone can begin trading and grow their stock+crypto portfolio.
Webull started in 2017 primarily as a stock trading platform, but with a rise in crypto exchanges, it adopted crypto trading in recent years.
Although smaller than crypto-trading giants like Binance, it has already attracted over 13 million registered users and carries out exchanges in billion.
What Does Webull Crypto Trading Offer?
It is a service that allows you to buy and sell cryptocurrencies on the Webull platform.
Some of the features they offer are:
- Webull allows users to trade a variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
- The platform offers real-time market data, advanced charting tools, and customizable indicators to help make calculated decisions.
- Users can place and limit market orders and track their portfolio performance within the platform.
- It provides educational resources, news updates, and community features to inform users about the crypto market.
- It also offers a referral program that rewards users for referring new customers to the platform.
Causes Of Webull Crypto Trading Not Available
Despite being a widely used crypto-exchange platform, Webull is not free from unavailability issues, especially during busy trades.
Here are a few reasons why Webull Crypto Trading is not available.
1. Market Volatility
Cryptocurrency is a highly volatile market, experiencing periods of extreme volatility during peak hours.
Therefore, trading platforms may limit or suspend trading to protect investors and manage risks, leading to unavailability.
However, it will only occur during significant price movements, market crashes, or other unpredictable, rare events.
2. Liquidity Issues
Liquidity is endemic to stock and crypto trading as it deals with money, whereas a liquidity crunch signifies a short supply of cash.
If there is a liquidity crunch in the cryptocurrency markets, Webull may temporarily suspend trading to maintain the fluctuating market.
Therefore, the platform will become temporarily unavailable to save you from rapid price movements and possible increased bid-ask spreads.
3. Exchange-Related Issues
Webull relies on cryptocurrency exchanges to execute trades, and issues or disruptions with the exchanges may impact platform availability.
There have not been many instances of disruption in crypto exchanges as the blockchain system is very reliable.
Therefore, it is less likely that Webull is not available due to the exchange.
4. Maintenance And Technical Issues
Although rare, Webull may suspend transactions for regular maintenance to keep their server going well.
The platform experiences higher traffic, increased order flow, and a surge in users trying to access the platform.
Therefore, it is essential to maintain the server, in which millions of users trade each day, temporarily halting the service to roll out maintenance.
However, regular maintenance usually occurs at the least peak hour, affecting only a handful of users.
5. Regulatory, Security And Legal Compliance
Sometimes, the platform may shut down its services to deal with ongoing security issues.
Being a publicly available blockchain, security breaches, hacking attempts, or other potential risks are always risky.
Therefore, Webull will temporarily halt crypto trading to protect customer funds and information.
Moreover, if there are changes in regulations from SEC or FINRRA, Webull may temporarily suspend or limit crypto trading to ensure compliance with the updated rules.
Webull Crypto Trading Not Available: Fixes
There is not much you can do to solve the problems with Webull crypto trading not being available.
However, problems arising from your side can be refuted using troubleshooting tips.
Here are some possible fixes or actions you can take.
1. Refresh Or Restart The Platform
Refresh the Webull platform or app to resolve temporary glitches.
Close the app completely and reopen it to see if the issue persists.
Otherwise, try restarting your device to see whether it solves the problem.
2. Clear Cache And Cookies
Similarly, clear cache and cookies to resolve local storage or caching issues.
Although rare, excess cache may prevent the Webull desktop app from loading.
3. Check For Official Notifications
Always check with the official Webull website, social media, or app for any announcements or notifications regarding the unavailability of crypto trading.
The platform usually alerts users about upcoming maintenance, updates, and other announcements.
4. Contact Webull Customer Support
If the issue persists or you require further assistance, contact Webull’s customer support.
Use the in-app chat feature, email, or phone support at +1(888) 828-0618 to describe the problem you’re experiencing and ask for their guidance.
The Bottom Line
Temporary unavailability of online apps or websites is expected, so do not lose hope!
During such periods, it’s advisable to stay updated with official communications from Webull and exercise patience when using the crypto trading feature.