All trading involves risk. Losses can exceed deposits.
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Bitcoin trading

Deal on bitcoin price movement with the world’s no.1 CFD and spread betting provider,1 and take advantage of bitcoin volatility without owning any cryptocurrency.

All trading involves risk. Losses can exceed deposits.

Why trade bitcoin with IG?

  • Go short as well as long

    Trade with spreads from just 10pts, and go short if you think bitcoin’s price is headed down

  • Trade with confidence

    Our service is 100% secure from theft, since you never own any bitcoin

  • Pay no tax

    Spread bet on bitcoin and pay zero tax on your profits2

  • Utilise leverage

    Deal bitcoin without investing huge amounts of capital

Bitcoin spread betting

Speculate on which way bitcoin’s price will go, with profit or loss determined by how far the currency moves in your chosen direction.

Spread bet product details

Bitcoin CFDs

Exchange the difference in bitcoin’s price between when you open and close your position.

CFD product details

Live bitcoin (BTC) prices

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

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 offer two forms of leveraged bitcoin trading: CFDs and spread bets. You can use both 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.

Bitcoin CFD example

You're interested in trading a bitcoin in 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 $5000.3

Bitcoin spread betting example

Our price is currently 2550 to sell bitcoin (USD), or 2560 to buy it.

You believe bitcoin’s price will rise against the dollar, so you buy £25 per point at 2560 (equivalent to exposure an exposure of £25 at a price of 2560 = £64,000).

The bitcoin price climbs and our new price is 2600/2610. You decide to take your profit by selling to close at 2600.

$2600 - $2560 = $40 move or 40 points

Your gross profit is 40 x £25 = £1000.3

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.

FAQs

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 8am on Sunday morning through to 10pm on Friday night (London time) (market holidays permitting).

Where are the bitcoin markets on the trading platform?

Bitcoin FX pairs can be found in the new IG Trading platform under ‘FX’ in the fly-out menu. Alternatively, you can search ‘bitcoin’ in the search bar. 

On the classic platform, go to ‘forex’ in the finder and select ‘virtual FX’. 

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1 Based on number of active UK financial spread betting accounts (Investment Trends UK Leveraged Trading Report October 2016); for CFDs, based on revenue excluding FX (published financial statements, October 2016).

2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.

3 Excludes any daily funding charges.

Contact us

We're here 24hrs a day from 8am Sunday to 10pm Friday,
and 9am to 5pm Saturday.

0800 195 3100

You can also email us at newaccounts.uk@ig.com