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

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

Why trade bitcoin with us?

Deal on our award-winning trading platform and app2

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

Seize opportunities instantly with alerts by email, SMS or push

Safeguard your capital with our range of risk management tools

Get full exposure with a small deposit when you trade on leverage3

Talk to our expert support team around the clock

Price comparison of a bitcoin trade

Assuming bitcoin is priced at $9000
IG
Plus5004 CMC
Headquarters UK Israel UK
Founded 1974 2008 1983
Typical observed spread 36 36 37
Long Short* Long Short* Long Short*
Overnight funding on £1/pt (ex spread) £4.93 -£1.23 £4.23 £2.14 £6.16 -£1.23
Total cost of round trade held overnight £40.93 £34.77 £40.24 £38.15 £43.16 £35.77
Total cost of trade held for 1 year5 £1836.00 -£414.00 £1796.02 £1213.95 £2287.00 -£413.00

* Negative values imply clients receive
Figures are based on a notional value of £9000 representative of a £1/pt bet when bitcoin is priced at $9000. Data is based on analysis of bitcoin offering from prominent UK competitor websites and is correct to the best of our ability as of 8 July 2020. Above data includes the forced expiry for Plus500 where clients are charged spread to close and to re-open the trade. Data is subject to change.

What are the 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 CFDs4

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 to trade bitcoin with us.

Trading bitcoin vs buying bitcoin

Trading bitcoin derivatives with IG Buying bitcoin through an exchange
Cost to get exposure to 1 bitcoin Margin for retail clients is 50% of the total value of the coin Full cost of the coin
Short selling Yes No – unless there is a willing counterparty
Tax Spread bets are completely tax-free, CFDs incur capital gains tax5 You’ll pay capital gains tax on any exchange-based profits5
Regulation We’re a FTSE 250 company, fully authorised and regulated by the FCA No dedicated regulatory body in place
Execution 0.0014 second execution speed and access our unique deep liquidity Dependent on exchange liquidity levels
Restrictions on funding and withdrawing None, withdrawing or adding funds is free and instant You may be charged fees and encounter restrictions on adding or withdrawing funds
Overnight funding charge Yes No

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.

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

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.

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 full product details

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.

Ways to trade bitcoin with us

You can use spread bets or CFDs to trade bitcoin with IG – discover the unique advantages of each.

Spread betting CFD trading
Main benefits Profits are tax-free in the UK5 Tax-deductible losses are useful for hedging5
Accessible to All clients All clients
Traded in £ or other base currency per point of movement Contracts
Tax status No capital gains tax (CGT) or stamp duty5 No stamp duty, but you do pay CGT. Offset losses against profits for tax purposes5
Commission Commission-free Commission-free
Platforms Web platform, mobile trading app and MT4 Web platform, mobile trading app and MT4
Learn more Learn more

Our award-winning trading platform

Our trading platform has been voted the best in the UK.2

Web-based platform

Take control of your bitcoin trading with our clean deal ticket, clear price charts and in-platform news and analysis.

Mobile trading app

Take advantage of bitcoin opportunity wherever you are, and receive trading alerts and signals on the go – through email, SMS or push.

MetaTrader 4

Automate your trading with MT4 – one of the most popular third-party bitcoin trading platforms .

FAQs

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

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.

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 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2019. Best trading app as awarded at the ADVFN International Financial Awards 2020.
3 While leverage can increase your potential profits, it can also increase your total losses.
4 Plus500 have forced expiry dates which would result in you paying spread to get back into the trade. This (forced expiry every 30 days) is factored into calculations.
5 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. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.