Cryptocurrencies trading

Trade bitcoin, ethereum and ripple CFD pairs without owning them. 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.

    Bitcoin trading

  • Ethereum CFDs

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

    Ethereum trading

  • Ripple CFDs

    Take advantage of ripple price volatility via CFD trading.

    Ripple trading

  • Litecoin CFDs

    Buy and sell litecoin via leveraged trading, so you don’t need an exchange account.

    Litecoin trading

Why trade cryptocurrencies with IG?

  • Go short as well as long

    Take a position when you expect a cryptocurrency 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

  • Monitor your risk

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

  • Improved liquidity

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

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 a few of the most popular: bitcoin, bitcoin cash, ripple, litecoin and ethereum.

Live cryptocurrency prices

Markets Bid Offer Updated Change
Bitcoin (USD)
liveprices.javascriptrequired
-
-
-
Ether (USD)
-
-
-
-
Bitcoin Cash (USD)
-
-
-
-
Litecoin (USD)
-
-
-
-
Ripple (USD)
-
-
-
-

Prices above are subject to our website terms and conditions. Prices are indicative only.

How can I trade CFDs on cryptocurrencies?

There are two ways to trade cryptocurrencies: buy them in the hope of selling them on at a profit, or speculate on their value without owning them via CFD trading. 

To trade CFDs on cryptocurrencies, you’ll need to:

  1. Create an account  
    As a CFD trader, you won’t need an account with a cryptocurrency exchange, or a wallet to store your tokens. Just an account with a leverage provider.
  2. Do your research
    Cryptocurrencies may be free from many of the factors that influence traditional currencies, but you need to make sure you know your market. 
  3. Apply your strategy
    Settling on a trading strategy depends on your goals and preferences, and deciding which is right for you is key to your long and short-term success.
  4. Place a trade
    Enter your position size, define your close conditions and click ‘buy’ if you think the cryptocurrency will rise in value, or ‘sell’ if you think it will fall. 
  5. Close your position
    Once you’ve reached your target – or decided it’s time to cut your losses – you’ll close out your position by reversing your original action: so if you bought, you sell, and vice versa. 

Keep in mind that as CFDs are leveraged products, 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.

Compare cryptocurrencies

Bitcoin

  • Exclusively used as a currency
  • Initially released in 2009
  • 16.5 million bitcoins in circulation (or ‘mined’)
  • Market cap of around $260 billion3
  • There is a finite supply of 21 million available (it is ‘deflational’)

Ripple

  • Underpins a global payment network called RippleNet
  • Initially released in 2012
  • 39 billion XRP units currently in circulation3
  • Market cap of around $130 billion3
  • There is a finite supply of 100 billion 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 $100 billion3
  • There is an unlimited supply available (it is ‘inflational’)

Litecoin

  • Exclusively used as a currency
  • Initially released in 2011
  • 53 billion LTC units currently in circulation3
  • Market cap of around $10 billion3
  • There is a finite supply of 84 million available (it is ‘deflational’)

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.

3 As at January 2018.

Contact us

We're here 24hrs a day from 5pm Saturday to 7am Saturday (AEST).

1800 601 799

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