Bitcoin trading

Deal on bitcoin price movement with the world’s No.1 CFD provider.¹

Call +65 63905133 or email accountopening@ig.com.sg to talk about opening a trading account. We’re here 24 hours a day, from Monday to Friday.

Established in 1974 Over 178,500 clients worldwide Over 16,000 markets

Important notice:

Cryptocurrencies are not regulated by the Monetary Authority of Singapore (MAS) as they are not legal tender or securities. Investors should be aware that they do not have any legislative protection when they deal with cryptocurrencies and related investment products. If you choose to invest in unregulated products, you will not be protected under MAS regulations. Please ensure that you are fully aware of the risks involving cryptocurrencies and if in doubt, you should consult an independent financial adviser under a separate engagement. To find out more information about cryptocurrencies and risks, you can go to the MoneySense website here.

Benefits of trading bitcoin

Go short as well as long

Take a position on bitcoin whether you expect it to rise or fall in value

No exchange account

We source our prices from multiple exchanges on your behalf

Trade on leverage

Gain exposure to bitcoin without tying up lots of capital

Access more volatility

Take advantage of opportunities in bitcoin when other markets are flat

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

Why trade bitcoin with IG?

Choose a FTSE 250-listed, established provider, and benefit from 45 years’ trading expertise

Preserve your capital with guaranteed stops³

Open a free account quickly and easily – you could be set up and trading bitcoin today

Get friendly, expert support 24 hours a day from Monday to Friday

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 16,000 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

Create demo account

Create live account

Live bitcoin prices

Bid

Offer

Updated

Change

Bitcoin (USD)

Get the latest Bitcoin news

Bitcoin price crash highlights fear of potential wider declines

Joshua Mahony, 2019-09-26T09:06:56+0100
Best bitcoin trading strategies and tips

Becca Cattlin, 2019-08-13T14:34:46+0100
How to hedge bitcoin risk

Becca Cattlin, 2019-07-26T15:03:33+0100
Overstock shares look attractive as cryptocurrency play

Joshua Mahony, 2019-07-05T08:04:07+0100

How leveraged bitcoin trading works

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.

We leveraged bitcoin trading CFDs . You can use it to open short positions as well as long: so if bitcoin's price drops, your position increases in value. Our spreads start at just 38 points. Bitcoin can be traded on all our trading platforms, including MT4.

Get advice on how to trade bitcoin

Bitcoin CFD example

You're interested in trading a Bitcoin (USD) via a CFD. 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.

With more than 40 years in trading and over 178,500 clients around the globe, we’re the world’s No.1 CFD provider.¹ Why trade cryptocurrencies with anyone else?

Create demo account

Create live account

FAQs

What is bitcoin?

Back in 2009, an anonymous person or group known as Satoshi Nakamoto created a decentralised digital currency known as bitcoin.

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

No. With IG you are simply speculating on the price movement of bitcoin ($). You never need to actually own any.

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 from 4am on Sunday morning through to 10pm on Friday night (UK time) (Market holidays permitting).

What is bitcoin cash?

Bitcoin cash is a new cryptocurrency. Launched in August 2017 as a result of a split in the bitcoin transaction ledger (known as the blockchain), it operates under a different set of rules to bitcoin, and with a different blockchain altogether.

Learn more about the differences between bitcoin and bitcoin cash.

How did bitcoin cash come about?

Bitcoin’s skyrocketing popularity was causing difficulties for the bitcoin mining community, which struggled to keep up with the capacity of transactions. Traders were having to wait an increasingly long time for their transactions to go through, and expected to pay additional fees if they wanted things to move quicker.

Cue disagreement within the community about how exactly to solve the scalability problem. Many miners felt that existing restrictions imposed by the software needed to be revised, while others felt this would disincentivise miners and devalue the cryptocurrency. This ultimately led to a split, or ‘hard fork’, in the blockchain.

Bitcoin forks aren’t uncommon, but there is usually a consensus on which version of the blockchain to discard. On this occasion, however, neither was discarded. This resulted in two tokens: the original bitcoin, and the new bitcoin cash.

This enabled bitcoin cash miners to apply new rules to their mining software and expand the currency’s transaction capacity, among other changes. As such, despite a shared transaction history, the two currencies are now entirely incompatible with one another.

Can I trade bitcoin on the MetaTrader 4 platform?

Yes, you can use the MetraTrader 4 (MT4) platform to trade bitcoin against the US dollar. With MT4, you’ll gain access to low latency execution, as well as a number of free apps, indicators and tools.

You might be interested in…

Learn about IG

How to trade bitcoin

Cryptocurrency comparison

Meet the world's No.1 CFD provider¹

Get to grips with the basics of how to trade bitcoin with our step-by-step guide

Compare cryptocurrencies against each other and start trading with IG

¹Based on revenue excluding FX (published half-yearly financial statements, June 2019).
²Guaranteed stops incur a small premium if triggered.

Marketing partnerships: Email us now

Press: Press@ig.com

All forms of investments carry risks. Such investments may not be suitable for everyone and can result in losses that exceed deposits, so please ensure that you fully understand the risks and costs involved by reading the Risk Disclosure Statement.

IG provides an execution-only service. The information herein does not take into account the specific objectives, financial situation or particular needs of any person. Where in doubt, you should seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

IG Asia Pte Ltd (Co. Reg. No. 200510021K) holds a capital markets services licence from the Monetary Authority of Singapore for dealing in capital market products that are over-the-counter derivatives contacts and is an exempt financial adviser.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Careers | Marketing partnership