Moomoo cryptocurrencies list: can you buy crypto (Bitcoin, Ethereum, and Dogecoin) at Moomoo?

Can You Buy Crypto on Moomoo?

If you have a moomoo account, you can gain exposure to the cryptocurrency market via several channels. Let our research guide you through the available choices.

Choice #1: Crypto-Linked Stocks

Although moomoo doesn’t offer direct trading in coins, it does offer direct trading in stocks, and many companies today are investing one way or another in the cryptocurrency space.

Using moomoo’s equity screener with the US marketplace selected, we found Silvergate Capital Corp. Silvergate is a bank holding company that provides commercial banking and cash management services to fintech and crypto companies.

Moomoo Cryptocurrency

Trading on the New York Stock Exchange with ticker symbol SI, Silvergate has a grade of 4.4 on the moomoo app. A 5.0 is the highest grade. Besides this buy recommendation, there are tons of other analyst metrics on moomoo’s software for SI.

For example, a technical analysis summary shows a short-term bearish trend based on Bollinger Bands. Moomoo displays a current P/E ratio for SI of 40.96 with a sector average of 11.93. Analysts included in moomoo’s profile have a target price of $192 on the stock. The current price is $119.

An orange Trade button appears on moomoo’s profile for a stock. Just click or tap on this button to pull up the broker’s trade ticket. There are several order types, and extended hours are on tap, too.

Moomoo doesn’t charge any commissions on trades of stocks or ADR’s on the major U.S. exchanges.

Moomoo Promotion

Open Moomoo Account

Choice #2: Crypto-Linked Funds

Individual stocks inherently carry more risk than a basket of such assets. If you’re concerned about risk and volatility, a crypto fund may be more to your liking.

BITS is the Blockchain & Bitcoin Strategy ETF. This fund invests in both bitcoin futures contracts and cryptocurrency ETF’s. That makes the fund very unique. Most crypto funds invest in stocks or futures contracts, but not both.

Currently, 54% of the portfolio is composed of bitcoin contracts, and the other 46% is one ETF, the Global X Blockchain Fund (ticker symbol BKCH). This fund invests in companies that are engaged in the mining of cryptocurrencies or the creation of blockchain software. Examples include:

- Voyager Digital
- Hut 8 Mining Corp
- PayPal

On moomoo’s platform, we found less information on BITS than we did for Silvergate. Assets under management come in at just $7 million, making BITS a very small fund (it was launched in late 2021).

Trades of ETF’s at moomoo also carry $0 commissions.

Choice #3: Crypto-Linked Options

Moomoo offers options trading, and this service opens up yet another method to gain exposure to the cryptocurrency space. On both the broker’s mobile app and its desktop platform, we found thousands of contracts on a wide variety of crypto-linked stocks and funds.

One example is contracts on PayPal. The company has launched crypto holding and trading on its platform. More crypto services are expected in the future from this mega-cap company.

In the options market, we found over 300,000 contracts in the front month alone for PayPal. Many more are trading on other expiration dates.

Moomoo does not offer spread trading, which is obviously a disadvantage here. But calls and puts can fairly easily be traded with either platform. Greek values are available, although other derivative tools are missing.

Moomoo charges no base commission on derivative trades. It does have a per-contract fee of 65 cents.

Choice #4: Foreign Exchanges

Although option resources are rather limited at moomoo, the brokerage firm does a good job with Chinese securities. Available exchanges include the Hong Kong, Shenzhen, and Shanghai markets.

Using moomoo’s stock screener on the desktop platform (with the HK market selected), we found Ping An Insurance Company of China. Trading with ticker number 2318 on the Hong Kong exchange, Ping An is a component of the Hang Seng Index.

Ping An is a member of the R3 blockchain consortium. It has devoted resources to adapting blockchain technology to financial markets. In fact, Ping An developed Hong Kong’s first blockchain-based global trade finance platform. Called eTradeConnect, the system was developed in partnership with the Hong Kong Monetary Authority.

Moomoo Cryptocurrency

Moomoo’s profile for Ping An shows a market capitalization of HK$970 billion. The company does pay a dividend. It is roughly 2.7% right now, which is significant in today’s low-interest rate environment.

Although moomoo’s stock screener can be used by any account to scan the Chinese stock exchanges, to actually place a trade you do have to add foreign asset trading. This is easy enough to do. On the trade ticket for a foreign asset, just click on the blue Activate Now button. This will produce the necessary online application form.

Moomoo’s $0 commission policy unfortunately does not apply to trades of foreign assets. Stocks on the Hong Kong Exchange have all sorts of fees at moomoo, including commissions, exchange and regulatory fees, corporate actions, and a platform fee.

Moomoo Promotion

Open Moomoo Account

Direct Crypto Trading

If the fees and roundabout methods of gaining exposure to cryptocurrencies at moomoo don't appeal to you, there is always direct trading in digital currencies themselves. While this isn’t possible with a moomoo account, it is possible with a FINRA/SEC regulated and SIPC insured Webull account.

  • Aave (AAVE)
  • Algorand (ALGO)
  • Apecoin (APE)
  • Avalanche (AVA)
  • BAT (BAT)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Chiliz (CHZ)
  • Cosmos (ATOM)
  • Coin (CRO)
  • Curve DAO (CRV)
  • Dash (DASH)
  • Decentraland (MANA)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dogecoin (DOGE)
  • Fantom (FTM)
  • Gala (GALA)
  • Litecoin (LTC)
  • Loopring (LRC)
  • Maker (MKR)
  • Polygon (MATIC)
  • REN (REN)
  • Solana (SOL)
  • Stella Lumens (XLM)
  • Sushi (SUSH)
  • Stella Lumens (XLM)
  • Terra (LUNA)
  • Tezos(XTZ)
  • The Graph (GRT)
  • UNI (UNI)
  • USD Coin (USDC)
  • XLM (XLM)
  • (YFI)
  • Zcash (ZEC)

Webull currently has lots of cryptocurrencies available for trading, all with zero commissions. The broker-dealer is compensated with a 100 basis-point spread on the bid and ask numbers.

On top of the really nice pricing schedule, Webull has just a $1 minimum order amount on trades of cryptocurrencies, so pretty much anyone can open an account and start trading. Webull has no account fees.

Moomoo Crypto

Order entry on Webull’s software platforms for digital currencies is very similar to order entry for stocks and funds. Just enter a ticker symbol or coin name in the search field, and the order ticket will be automatically populated. Right-click trading from a chart is possible on the Webull desktop and browser platforms. This, too, will automatically populate an order form.

can you buy bitcoin on Moomoo

Webull has news articles on coins, but there’s not much else in terms of information on these assets. The brokerage firm does deliver real-time data on coins free of charge.

Webull Promotion

Open WeBull Account

Advantages of Directly Buying and Selling Coins

Certainly, the indirect methods available at moomoo will have advantages in some situations, but direct trading of digital currencies at Webull have some very notable strengths.

First, we like the fast settlement Webull offers for digital currency trades. It is trade date plus one business day. This is when funds can be withdrawn. Funds can be used to make other purchases on the same day.

Second, we like the ability to day trade coins with no restrictions. Because cryptocurrencies aren’t subject to FINRA’s rules, they can be day traded without a $25,000 account requirement.

Third, we like the low cost of Webull’s crypto trading. Exchange-traded funds at moomoo will carry expense ratios, but coins have no annual fees.

Fourth, we like Webull’s trade minimum, which is just a dollar. Because moomoo doesn’t offer fractional-share trading, a trade minimum there will be one share, which is usually higher than $1.

Fifth, we like around-the-clock trading that cryptocurrencies have. It’s a 24/7 market. That’s not the case with securities.

Sixth and final, we like the idea of actual coin ownership. If you trade a crypto-linked stock, the market price could be influenced by all sorts of issues, not just the company’s foray into blockchain technology.

Moomoo Crypto Trading Recap

Moomoo delivers multiple methods to trade the cryptocurrency market with decent software, using short or long positions. Webull comes through with actual coin ownership and trading.


Continue Reading