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Cryptocurrency trading

Trade bitcoin, ethereum, ripple and litecoin pairs without owning them, with the world’s No.1 CFD provider1

Key benefits

  • Go short as well as long

    Take a position when you expect a cryptocurrency to fall in value, as well as rise

  • No exchange account

    Get started straight away, without the hassle of an exchange account

  • Improved liquidity

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

Bitcoin

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

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Ripple

Take advantage of ripple price volatility via CFD trading.

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Ethereum

Go long or short on ethereum without the need for a wallet or specialist technology.

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Litecoin

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

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What are cryptocurrencies?

Cryptocurrencies are virtual 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 five of the most popular: bitcoin, bitcoin cash, ripple, litecoin and ethereum.

How can I deal on cryptocurrencies?

There are two ways to deal 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.

1 Based on revenue excluding FX (published financial statements, February 2018).

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.