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Cryptocurrency trading

Go long or short on bitcoin and ethereum pairs. Trade with Australia's No.1 CFD provider.1

  • Bitcoin CFDs

    Speculate on which way bitcoin’s price will go, instead of purchasing the cryptocurrency.

    CFD product details

  • Ethereum CFDs

    Take a position on ethereum without the need for a wallet or specialist technology.

    CFD product details

Why trade cryptocurrencies with IG?

  • Go short as well as long

    Take a position when you expect bitcoin to fall in value, not just when you expect it to rise

  • Trade with confidence

    We’re an established FTSE 250 company recognised for our strength and security

  • Global choices

    Trade against a range of major currencies, including GBP, USD and JPY

  • Deal on leverage

    Gain exposure to major cryptocurrency pairs without tying up lots of capital

  • Monitor your risk

    Protect your profits and limit your losses with our range of tools, when trading these extremely volatile currencies

What are cryptocurrencies?

Cryptocurrencies are digital currencies which operate independently of banks and governments, but can still be exchanged – or speculated on – just like any physical currency. 

While there’s a huge number of cryptocurrencies available, we offer CFD trading on the two most popular: bitcoin and ethereum.

Live cryptocurrency prices

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Bitcoin (GBP)
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Bitcoin (EUR)
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Bitcoin (USD)
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Ether (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only.

How can I trade CFDs on cryptocurrencies?

Usually, trading cryptocurrencies is done via an exchange, and you need to have acquired a virtual ‘wallet’ to hold them, which can make for a time-consuming process. To open a CFD on a cryptocurrency with IG, however, all you need is a trading account, which takes minutes to set up

You’ll then be able to log in to our platform, where you’ll see bitcoin and ethereum quoted against a major currency, such as USD. Rather than taking actual ownership when you open a position, you’re instead speculating on the cryptocurrency’s rise or fall in value against the dollar.

Keep in mind that as CFDs is a leveraged product, you’ll only ever need to put down a small deposit to gain exposure to the full value of the trade. This means your capital goes further, but you also stand to lose more than your initial outlay.

You can use both to open long and short positions against USD, GBP and EUR.

Bitcoin vs ethereum

Bitcoin

  • Exclusively used as a currency
  • Initially released in 2009
  • 16.5 million bitcoins in circulation (or ‘mined’)
  • Market cap of around $40bn3
  • There is a finite supply of 21 million available (it is ‘deflational’)

Ethereum

  • Just one example of a wider network of applications
  • Initially released in 2015
  • 93 million ether units in circulation
  • Market cap of around $20 billion3
  • There is an unlimited supply available (it is ‘inflational’)

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.

You might be interested in...

1 Number 1 in Australia by primary relationships, Investment Trends May 2016 CFD Report.

2 As at July 2017.

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