Cryptocurrencies trading

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

Important Notice:

Cryptocurrencies are not legal tender currency and the trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they may not have the full protection offered by the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks and if in doubt consult an independent financial adviser. For more information on Cryptocurrencies, please refer to the following website for more information: MoneySense - Virtual Currencies.

Why trade cryptocurrencies with IG?

  • Go short as well as long

    Take a position even when you expect cryptocurrencies to fall in value, not just when you expect it to rise

  • No exchange account needed

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

  • Trade on leverage

    Gain exposure to major cryptocurrency pairs without tying up lots of capital

  • Improved liquidity

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

What cryptocurrencies does IG offer?

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 eight most popular: bitcoin, bitcoin cash, ethereum, ripple, litecoin, EOS, Stellar (XLM) and NEO.

Live cryptocurrency prices

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

How can I trade CFDs 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
  • 17 million bitcoins in circulation (or ‘mined’)
  • There is a finite supply of 21 million available (it is ‘deflational’)

Ethereum

  • Just one example of a wider network of applications
  • Initially released in 2015
  • 101 million ether units in circulation
  • There is an unlimited supply available (it is ‘inflational’)

Ripple

  • Underpins a global payment network called RippleNet
  • Initially released in 2012
  • 39 billion XRP units currently in circulation2
  • Market cap of around $130 billion2
  • There is a finite supply of 100 billion available (it is ‘deflational’)

Stellar (XLM)

  • Underpins a payment network called Stellar
  • Launched in 2014
  • Over 18 billion XLM units currently in circulation2
  • There is no upper limit to the number of coins (it is ‘inflational’)

Bitcoin cash

  • Exclusively used as a cryptocurrency
  • Formed after a hard bitcoin fork in 2017
  • 17 million BCH units currently in circulation2
  • There is a finite supply of 21 million available

Litecoin

  • Exclusively used as a currency
  • Initially released in 2011
  • 57 billion LTC units currently in circulation2
  • Market cap of around $10 billion2
  • There is an unlimited supply available (it is ‘deflational’)

EOS

  • Used within a blockchain platform called EOS.IO
  • Launched in 2018
  • Over 900 million EOS units currently in circulation2
  • There is no upper limit to the number of coins (it is ‘inflational’)

NEO

  • Used within a wider network of applications, also called NEO
  • Launched in 2014
  • Over 65 million NEO units currently in circulation2
  • There is a finite supply of 100 million (it is ‘deflational’)

Open an account now

It's free to open an account, takes less than five minutes, and there's no obligation to fund or trade.

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

2As of August 2018.

Contact us

Our office is open 5 days a week Monday to Friday from 9am to 6pm. Support line is available 24hrs a day from 8am GMT Saturday to 10pm GMT Friday

+65 6390 5118

You can also email us helpdesk@ig.com.sg

Visit our storefront office at 9 Battery Road