Bitcoin trading

Take control of your bitcoin trading with the world’s No.1 spread betting and CFD provider.1

Start trading today. Call 0800 195 3100 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Benefits of trading bitcoin

Go short or long

Trade on bitcoin’s price falling or rising

No need for an exchange account

Get the best prices - which we source for you - from multiple exchanges

Pay no tax

Realise tax-free profits with spread bets, and offset losses against gains with CFDs2

React to volatility

Seize opportunity on a market famed for its volatility, even when others are flat

Remember, when trading bitcoin, you aren't taking ownership. Find out more about how leveraged bitcoin trading works.

Bitcoin full product details

Why trade bitcoin with us?

Rest assured that you’re trading with an FCA-authorised and regulated provider

Safeguard your capital with our range of risk management tools

Seize opportunities instantly with alerts by email, SMS or push

Talk to our expert support team around the clock

Live bitcoin prices

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

How to trade bitcoin in the UK with us

When you trade bitcoin with us, you’ll be speculating on its price with derivatives like spread bets and CFDs.

These products make it possible to take a position on bitcoin’s price without owning any physical coins – which means you can go short or long, depending on the market trend.

To go short on bitcoin, you’d select ‘sell’ and expect the price to fall. To go long, you’d select ‘buy’ and expect the price to rise.

As well as bitcoin, we offer other cryptocurrencies including bitcoin cash, ripple and ether – all of which you can trade with spread bets and CFDs.

Bitcoin CFD example

Our bitcoin market takes its price from the value of bitcoin against the dollar. So when you trade on bitcoin with us, you’ll be betting an amount of money on every dollar of movement in its price.

Let’s say you’re interested in trading bitcoin via a CFD. Our price is currently 10,400 to sell bitcoin or 10,438 to buy it (the difference between prices is due to the spread).

You believe that bitcoin’s price will fall against the dollar, so you sell five contracts at 10,400 – giving you a total exposure of $52,000 (equivalent to selling five bitcoins at $10,400).

Bitcoin’s price falls and our new prices are 10,312 to sell or 10,350 to buy. You decide to take your profit by buying at 10,350.

Bitcoin moved 50 points in your favour (10,400 – 10,350) so your gross profit is $250 ($50 x 5 contracts).

If the market had rallied 50 points instead, your gross loss would be $250.

Bitcoin spread bet example

Our bitcoin market takes its price from the value of bitcoin against the dollar. So when you trade on bitcoin with us, you’ll be betting an amount of money on every dollar of movement in its price.

Let’s say our price is currently 10,400 to sell bitcoin, or 10,438 to buy it (the difference between prices is due to the spread).

You believe bitcoin’s price will rise against the dollar, so you buy £5 per point at 10,438 – giving you a total exposure of £52,190 (£5 x 10,438).

Bitcoin rises and our new prices are 10,478 to sell and 10,516 to buy. You decide to take your profit by selling to close at 10,478.

Bitcoin moved 40 points in your favour (10,478 – 10,438) so your gross profit is £200 (40 x £5).

If the price had declined by 40 points instead, your gross loss would be £200.

Start trading today

Start trading today

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading today

Start trading today

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

FAQs

When is your bitcoin market available in the UK?

Our bitcoin market is available around the clock, from 8am Saturday until 10pm Friday (UK time).

Do I need a bitcoin wallet to trade bitcoin with IG in the UK?

You won’t need a bitcoin wallet to trade with us because you’ll be speculating on the price of bitcoin, rather than taking direct ownership. Any profits will be paid into your bitcoin trading account, and you can withdraw them in cash from there.

Can I trade bitcoin on the MT4 platform?

You can trade bitcoin on the MT4 platform, either through a desktop version of MT4 or with an MT4 VPS. When you download MT4 from IG, you’ll get instant access to our range of free indicators and add-ons.

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1 Based on revenue excluding FX (published financial statements, June 2020)
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options are complex financial instruments and your capital is at risk. Losses may be extremely rapid.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.