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Deal on bitcoin price movement with the world’s no.1 CFD provider,1 and take advantage of bitcoin volatility without owning any cryptocurrency.
Trade with spreads from just 10pts, and go short if you think bitcoin’s price is headed down
Our service is 100% secure from theft, since you never own any bitcoin
Speculate on the bitcoin price against global currencies, including USD and EUR
Deal bitcoin without investing huge amounts of capital
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 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.
Watch Sara explain the basics of bitcoin trading in less than two minutes
Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit, because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.
When you buy bitcoin with IG, you’re doing the same thing. But instead of taking ownership of bitcoin, you’re opening a position that will increase in value as bitcoin’s price increases against the dollar. If bitcoin’s price falls, then your position will lose value.
You can use CFDs to open short positions as well as long: so if bitcoin’s price drops, your position increases in value. Our spreads start at just 10 points, and you don’t have to trade bitcoin against USD, with GBP and EUR also available.
Forex pair example
You're interested in trading a bitcoin in USD. Our price is currently 2550 to sell bitcoin, or 2560 to buy it.
You believe that bitcoin’s price will fall against the dollar, so you sell 1 contract at 2550 (equivalent to selling 100 bitcoins at $2550).
The bitcoin price falls and our new price is 2500/2510. You decide to take your profit by buying at 2510.
$2550 - $2510 = $40 move or 40 points
Your gross profit is 40 x $100 = $4000.
If the market had rallied 50 points instead, your gross loss would be $5000.3
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.
Can I short bitcoin with IG?
Yes. With our FX pairs you never hold bitcoin in the real sense, so you can take a short view to open on bitcoins.
Do you offer advanced order types?
Yes. You can open your position at the current price, or select your preferred entry point. We also offer a range of stops and limits, including trailing stops that lock in profits and guaranteed stops that can’t suffer slippage.
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.
When are your bitcoin markets available?
Bitcoin markets are available 24 hours a day, 5 days a week (market holidays permitting)