Trade on bitcoin volatility with our range of FX pairs and binaries. No wallet needed.
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Because you never actually own the currency, you can go short if you think the value will fall
Unlike trading on exchanges, speculating on the bitcoin price is 100% secure from theft
Speculate on the bitcoin price against a range of global currencies
We're an FCA-regulated, FTSE 250 company with 40 years' trading experience
With binaries you always know your maximum potential loss1
Instead of purchasing bitcoins you can speculate on their value as a forex pair or using a binary.
Forex pair example
You're interested in trading a spot FX XBT/USD CFD. Our price is currently 35000 / 35400.
You believe the bitcoin price will fall against the dollar, so you sell 1 contract at 35000 (equivalent to selling 100 bitcoins at $350).
The bitcoin price falls and our new price is 33600 / 34000. You decide to take your profit by buying at 34000.
35000 - 34000 = 1000 pips
Your gross profit is 1000 x $1 = $1000.
If the market had rallied 500 points instead, your gross loss would be $500.
Speculate on whether the bitcoin price will be above or below a certain level at the end of a trading period.
Learn more about binaries
Binary ladder example
You're interested in trading a bitcoin binary ladder and you like the look of our ‘Bitcoin ($) to be above 375 at 8pm' market, at a price of 15, so you buy $10 per point at 15.
The price of bitcoin steadily rises and is trading at 375.5 at 8pm. The condition of your binary has been met, the deal settles at 100.
100 - 15 = 85
Your gross profit is 85 x $10 = $850.
If the market had fallen below 375 at 8pm, your binary would close at 0, giving you a gross loss of $150 (15 x $10).
1 The fast-moving nature of binaries provides the possibility of short-term gains, alongside any potential losses. Although they are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains.
2 Based on number of active UK financial spread betting accounts (Investment Trends 2015); for CFDs, based on revenue excluding FX (published financial statements, September 2015).