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Bitcoin

Trade on bitcoin volatility with our range of FX pairs and digital 100 binaries. No wallet needed.

Live bitcoin prices

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

Why trade Bitcoin with IG?

Why trade bitcoin with IG?

  • A secure way to trade bitcoin

    Unlike trading on exchanges, speculating on the bitcoin price is 100% secure from theft

  • We’re a trusted provider

    IG is a fully regulated FTSE 250 company with 40 years’ trading experience

  • Trade on virtual currency pairs

    Speculate on the bitcoin price against global currencies, including USD, EUR and JPY

  • Timeframes to suit all levels of volatility

    Trade on bitcoin volatility with daily or weekly digital 100 binaries

  • Go short as well as long

    Because you never actually own the currency, you can go short if you think the value will fall

  • Know your maximum potential loss with digital 100s

    Or trade FX pairs on margin, but remember leverage comes with increased risk1

Popular bitcoin markets

Market  Value per point Min. spread Avg. spread Margin req.
Bitcoin ($) - standard $10
 
400 700 7.5%
Bitcoin ($) - mini $0.1
 
450 750 7.5%

 

See all bitcoin markets and our full product details

What is bitcoin?

Bitcoin is a cryptocurrency – a form of digital currency created and held electronically. Bitcoin is decentralised, so no single institution or country controls it, and it’s not subject to transaction fees or external regulation.

Bitcoin users have to store their bitcoins in online ‘wallets’ which can leave them open to theft and security threats. Taking a position on bitcoin with IG can be a preferred option for traders, because with forex CFDs and digital 100 binaries you never own the underlying asset anyway.

Like many currencies bitcoin is highly volatile. This can provide plenty of opportunities to trade, but you should be extra careful to manage your exposure.

Learn more about CFDs, digital 100 binaries and their potential risks.

Watch Sara explain the basics of bitcoin trading in less than two minutes

Ways to trade bitcoin

Take a position on the bitcoin market without needing to purchase bitcoins:

Forex pairs 

Trade bitcoin currency pairs as CFDs, with spreads from $4 and 7.5% margin. The markets available are XBT/USD, XBT/GBP, XBT/EUR, XBT/JPY and XBT/CNH.

Forex pair example

Select a market

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

Sell or buy

You choose to ‘sell’ 1 contract at the bid price (35000), because you believe the market will fall.

Alternatively, you could ‘buy’ 1 contract at the offer price (35400) if you believe the market will rise.

Value and margin

Currency pair

Value per pip

Margin req. per contract

XBT/USD $1 7.5%

On a GBP/USD trade, the value per point is $1. This means that every point that the market moves is worth $1, either in your favour or against you.

In this case, the notional value of your trade is 35000 x $1 = $35,000. With a 7.5% margin requirement for 1 FX XBT/USD contract, you only need to have $35,000 x 7.5% = $2625 available.

Closing your trade

Over the course of the day the bitcoin price falls, and at 4pm our new FX XBT/USD CFD price is 33600 / 34000

You choose to close your trade by placing a ‘buy’ trade on 1 full contract at the offer price (34000).

Calculating profit / loss

Profit / loss is calculated based on the difference between your opening and closing prices, in pips. In this case: 35000 - 34000 = 1000 points

You bought 1 full contract, the market moved in your favour, and each point of movement is worth $1.

Therefore your gross profit is: 1000 x $1 = $1000

What if...

Similarly, if the market had risen by 1000 points, your ‘sell’ trade would have resulted in a $1000 gross loss.

Net profit / loss

To accurately calculate your net profit or loss, you would need to factor in any funding charges. In this case, there are no funding costs because the position was not held overnight.

Try it for free

Open a free demo account and practise trading with € 30,000 virtual funds, absolutely risk-free.

Or learn how to find markets, place trades and make the most of your trading with our free interactive platform preview.

Digital 100 binary ladders 

Speculate on whether the bitcoin price with be above or below a certain level at the end of a daily or weekly trading period.

Digital 100 binary ladder example

Select a market

You're interested in trading a bitcoin digital 100 because you think the price is volatile at the moment.

Sell or buy

You believe the bitcoin price will rise in the very short term, so you select a digital 100 binary ladder with the condition, ‘Bitcoin ($) to be above 236 at 8pm’. You ‘buy’ $10 per point at the buy price of 54.3, given in points.

Alternatively, you could ‘sell’ $10 per point at the sell price of 31.7.

With digital 100 binaries, prices are calculated by us according to underlying market value, time to expiry, client sentiment and our expectation of future volatility.

Fixed profit / loss

Digital 100 binaries will settle at 100 if the condition is met, or zero if the condition is not met, so you always know your maximum potential profit and loss from the outset.

In this case, your maximum potential profit is (100 – 54.3) x $10 = $457. Your maximum potential loss is (54.3 – 0) x $10 = $543.

Closing your trade

At 8pm bitcoin is trading at 247, the condition of your digital 100 binary is met, and the trade closes at 100.

With a digital 100 binary, you cannot close your position before expiry.

Calculating profit / loss

Profit / loss is calculated based on the difference between your opening and closing prices.

In this case: 100 – 54.3 = 45.7.

You bought $10 per point, so your gross profit is: 45.7 x $10 = $457

What if...

If the bitcoin price had fallen below 236 by 8pm, the digital 100 binary would close at zero and your gross loss would be 54.3 x $10 = $543

Try it for free

Open a free demo account and practise trading with € 30,000 virtual funds, absolutely risk-free.

Or learn how to find markets, place trades and make the most of your trading with our free interactive platform preview.

Bitcoin FAQs

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

No. With IG you’re simply speculating on the price movement of bitcoin. You never need to actually own any 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.

Can I take a short view to open on the price of bitcoin with the markets that IG offers?

Yes. With our FX pairs, digital 100 binaries and sprint markets you never hold bitcoins in the real sense, so you can take a short view to open on bitcoin.

When are your bitcoin markets available?

Bitcoin markets are available 24 hours a day, 5 days a week (market holidays permitting)

1 The fast-moving nature of digital 100 binaries provides the possibility of short-term gains, alongside any potential losses. Although they are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains.