Cryptocurrency trading

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

Find out more about trade CFDs on cryptocurrencies.

Why trade cryptocurrencies with IG Bank?

  • Go short as well as long

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

  • Trade with confidence

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

  • Global choices

    Trade against USD with bitcoin cash and gold available.

  • Improved liquidity

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

  • Bitcoin trading

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

    CFD trading on bitcoin

  • Ethereum trading

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

    CFD trading on ethereum

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.

Live cryptocurrency prices

Markets Sell Buy Updated Change
Bitcoin (USD)
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Ether (USD)
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Bitcoin Cash (USD)
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Ripple (USD)
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Litecoin (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only.

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.

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 billion2
  • 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 circulation
  • Market cap of around $130 billion2
  • There is a finite supply of 100 billion available (it is ‘deflational’)

Ethereum

  • Just an example of a wider network applications
  • Initially released in 2015
  • 93 million ether units in circulation
  • Market cap of around $100 billion2
  • 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 circulation
  • Market cap of around $10 billion2
  • There is a finite supply of 84 million available (it is ‘deflational’)

Open an account now

It’s free to open an account and there’s no obligation to fund or trade.

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1 The world's largest retail CFD provider based on revenue excluding FX (published financial statements, October 2016).

2 As at January 2018.

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