40-year heritage
152,600 clients worldwide
10,000 markets to trade

The flexible way to
trade bitcoin

Trade on bitcoin volatility with our range of FX pairs. No wallet needed and no GST.1

Live bitcoin prices

Markets Sell Buy Change
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Bitcoin ($)
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Spot FX XBT/GBP
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Spot FX XBT/USD
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Spot FX XBT/EUR
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Spot FX XBT/JPY
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Spot FX XBT/CNH
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Prices above are subject to our website terms and conditions. Prices are indicative only.

Find a bitcoin market to trade

Use our market finder tool to find news, videos, analysis and data on the bitcoin markets you want to trade.

Share Finder

Why trade bitcoin CFDs with IG?

  • No wallet needed

    Get exposure to the bitcoin price without the worries of managing a bitcoin wallet

  • No GST

    Buying bitcoins directly involves a 10% GST charge, while trading bitcoin CFDs does not1

  • Go short

    You can short-sell bitcoin CFDs and potentially profit from a falling price

  • Start trading in minutes

    There's no minimum balance to open an account and you can fund it using your credit or debit card

  • A fully regulated, trusted provider

    We're an FCA- and ASIC-regulated, FTSE 250 company with over 40 years' trading experience

  • Trade via an API

    Automate your trading with our new web-based trading APIs

Why use CFDs to trade bitcoin?

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.

What are CFDs?

  • How bitcoin CFDs work

    Our bitcoin CFDs are available as a mini contract or a standard contract. Purchasing one mini contract is the equivalent of purchasing 10 bitcoins, while a standard contract is the equivalent of purchasing 100 bitcoins.

    Find out more

  • 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 7.5% 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 have a market capitalisation of over $4 billion,2 offices in 16 countries and over 152,600 active clients worldwide.3

    Learn more

Ways to trade bitcoin with IG

You can speculate on bitcoin as a CFD or as a forex pair.

View bitcoin ($) example

Buying bitcoin ($): detailed

 
CFD
Market
Bitcoin ($)
Price
569.5 / 573.5
Trade

Buy at 573.5

Deal size

1 standard contract

Equals US$100 per point (or 100 bitcoins worth)

Margin required

Margin = Number of contracts x value of one contract x current level (mid price) x margin rate (7.5%)

1 x US$100 x 571.5 x 7.5% = US$4,286.25

What happens next?
Bitcoin ($) climbs US$10 overnight (at 10pm London time). It then climbs another US$5 the next day.
Funding

Funding = Size of position x funding charge %

581.5 x US$100 x 0.0278% = US$16.15

Price

584.5 / 588.5

Close

Sell at 584.5

Gross profit

584.5 - 573.5 = 11 points

Each contract is worth US$100 per point (so US$100 x 11 points)

Gross profit = US$1,100

Costs

4 point IG spread (included above)

Funding adjustment = US$16.15
Net profit

US$1,083.85

What if...

What if the market dropped US$15 instead (with a spread of 4 points):

US$1,900 + US$16.15

Net loss = US$1,916.15

 

View bitcoin forex pair example

Trading spot FX XBT/USD: detailed

You're interested in trading a spot FX XBT/USD CFD. Our price is currently 35000 / 35400.

You believe the bitcoin price will fall against the dollar, so you sell 1 contract at 35000 (equivalent to selling 100 bitcoins at $350).

The bitcoin price falls and our new price is 33600 / 34000. You decide to take your profit by buying at 34000.

35000 - 34000 = 1000 pips

Your gross profit is 1000 x $1 = $1000.

If the market had rallied 500 points instead, your gross loss would be $500.

Open an account now

There's no minimum balance to open an account, it takes less than five minutes, 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 markets are available from 5pm on Sunday evening through to 7am on Saturday morning AEST (market holidays permitting).

Where are the bitcoin markets on the trading platform?
The bitcoin FX pairs are under "Forex" > "Virtual FX".

Watch Sara explain the basics of bitcoin
trading in a little over two minutes

You might be interested in...

1 Please refer to our PDS

2 IG globally, year ending May 2014

3 IG globally, year ending 31 May 2015

4 World's largest retail CFD provider by revenue (excluding FX). Source: Published financial statements, as at October 2016.

Contact us

We're here 24hrs a day Monday to Friday.

1800 601 734

You can also call +61 (3) 9860 1799
email helpdesk.au@ig.com or tweet us at @IGClientHelp