CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Bitcoin trading

Deal on bitcoin price movement with world's No.1 CFD provider.1

When you trade bitcoin with IG, you aren't taking ownership of the cryptocurrency. Find out more about how leveraged bitcoin trading works.

Why trade bitcoin CFDs with IG?

  • No exchange account

    We source our prices from multiple exchanges on your behalf

  • Go short as well as long

    Take a position on bitcoin when you expect it to rise or fall in value

  • Fully regulated and trusted provider

    We are a DFSA regulated, FTSE 250 company with over 40 years' trading experience globally.

  • Utilise leverage

    Deal bitcoin CFDs without investing huge amounts of capital

  • Improved liquidity

    So there’s more chance of executing your full trade at your chosen price

All bitcoin CFDs costs and details

For full details including spreads, dealing hours and margins for bitcoin CFDs, follow the link to our help area.

What is bitcoin?

Back in 2009, an anonymous person or group known as Satoshi Nakamoto created a decentralised digital currency known as bitcoin.

Watch our video to learn more about what exactly bitcoin is, how it functions and how it’s created. Plus, find out more about why the cryptocurrency has become so popular – and what its future holds in the long term. 

Live bitcoin prices

Markets Sell Buy Change
Bitcoin (USD)
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Bitcoin Cash (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only.

How leveraged bitcoin trading works

Bitcoin contracts for difference (CFDs) give you exposure to the bitcoin price without having to actually purchase the underlying asset. This gives you additional confidence because you don’t hold any actual bitcoins, meaning you don’t need to use a wallet to store them.

Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit, because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.

When you buy bitcoin with IG, you’re doing the same thing. But instead of taking ownership of bitcoin, you’re opening a position that will increase in value as bitcoin’s price increases against the dollar. If bitcoin’s price falls, then your position will lose value. Bitcoin can be traded on all our trading platforms, including MT4.

You can use CFDs to open short positions as well as long: so if bitcoin's price drops, your position increases in value. Our spreads start at just 110 points. Bitcoin can be traded on all our trading platforms, including MT4.

What are CFDs?

  • Using leverage to trade

    CFDs are leveraged, meaning you only need to put up a fraction of the total value of your position. For bitcoin we require 12.5% of the total value of your position as a deposit. In addition to this, you must also have enough in your account to cover any running loses.

    What is leverage?

  • More flexibility

    With CFDs you can profit from both a rising and a falling bitcoin price. If you buy bitcoin CFDs and the price goes up, you make money. If it goes down, you lose money. Likewise, if you short-sell bitcoin and the price goes down, you make money. If the price goes up, you lose money.

    What is short-selling?

  • Reasons to trade with IG

    By opening an account with IG, you’re putting your trust in an organisation that’s been bringing trading to life since 1974. In that time, we have grown to become the leader in our field, consistently providing transparency in trading, innovative technology and superior levels of service. We're a FTSE 250 company with market capitalisation of £2.1 billion (31 May 2017), offices in 14 countries and over 195,200 active clients worldwide (May 2017).

    Learn more

  • How bitcoin CFDs work

    We offer one standard contract on Bitcoin, so purchasing one contract is the equivalent of purchasing 1 bitcoin.

Ways to trade bitcoin with IG

You can speculate on bitcoin as a CFD.

Bitcoin CFD example

You're interested in trading a bitcoin in USD via a CFD. Our price is currenctly 2550 to sell bitcoin, or 2560 to buy it.

You believe that bitcoin's price will fall against the dollar, so you sell 1 contract at 2550 (equivalent to selling 100 bitcoins at $2550).

The bitcoin price falls and our new price is 2500/2510. You decide to take your profit by buying at 2510.

$2550 - $2510 = $40 move or 40 points

Your gross profit is 40 x $100 = $4000.

If the market had rallied 50 points instead, your gross loss would be $5000.2

Open an account now

It's free to open an account, and there's no obligation to fund or trade.

FAQs

Do I need a bitcoin wallet to trade bitcoin markets with IG?

No. With IG you are simply speculating on the price movement of bitcoin ($). You never need to actually own any.

Can I take a short view to open on the price of bitcoins ($) with the markets that IG offers?

Yes. With our FX pairs you never hold bitcoins in the real sense, so you can take a short view to open on bitcoins.

How are IG's bitcoin settlements derived?

IG’s bitcoin settlement is based on a combination of real time prices provided directly by some of the world’s most liquid bitcoin exchanges.

When are your bitcoin markets available?

Bitcoin (USD) opens 24 hours a day, 7 days a week except for Saturday from 2am to 8am. (Dubai time) (market holidays permitting).

What is bitcoin cash?

Bitcoin cash is a new cryptocurrency. Launched in August 2017 as a result of a split in the bitcoin transaction ledger (known as the blockchain), it operates under a different set of rules to bitcoin, and with a different blockchain altogether. 

How did bitcoin cash come about?

Bitcoin’s skyrocketing popularity was causing difficulties for the bitcoin mining community, which struggled to keep up with the capacity of transactions. Traders were having to wait an increasingly long time for their transactions to go through, and expected to pay additional fees if they wanted things to move quicker.

Cue disagreement within the community about how exactly to solve the scalability problem. Many miners felt that existing restrictions imposed by the software needed to be revised, while others felt this would disincentivise miners and devalue the cryptocurrency. This ultimately led to a split, or ‘hard fork’, in the blockchain.

Bitcoin forks aren’t uncommon, but there is usually a consensus on which version of the blockchain to discard. On this occasion, however, neither was discarded. This resulted in two tokens: the original bitcoin, and the new bitcoin cash.

This enabled bitcoin cash miners to apply new rules to their mining software and expand the currency’s transaction capacity, among other changes. As such, despite a shared transaction history, the two currencies are now entirely incompatible with one another.

Can I trade bitcoin on the MetaTrader 4 platform?

Yes, you can use the MetraTrader 4 (MT4) platform to trade bitcoin against the US dollar. With MT4, you’ll gain access to low latency execution, as well as a number of free apps, indicators and tools. 

You might be interested in...

  • Platforms and apps

    Browser-based desktop trading and native apps for all devices.

  • Our charges

    We're clear about our charges, so you always know what fees you will incur.

  • Learn about IG

    Meet the world's No.1 CFD provider.2

1 For CFDs, based on number of primary relationships with CFD traders (Investment Trends UK Leveraged Trading Report released August 2018).

2 Excludes any daily funding charges.

Help and support

Get answers about your account or our services.

Get answers

Or contact us on +971 (0) 4 559 2100 or helpdesk.ae@ig.com.

Our office is open 5 days a week, Sunday to Thursday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 1am to 11am (Dubai time).

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.