All trading involves risk. Losses can exceed deposits.
Over 40 years’ heritage
Over 185,000 clients worldwide
Over 15,000 markets

Cryptocurrencies trading

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

All trading involves risk. Losses can exceed deposits.

Why trade cryptocurrencies with IG?

  • Go short as well as long

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

  • No exchange account

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

  • Tax-free trading

    Spread bet on cryptocurrency pairs and you won’t pay any tax on your profits2

  • Deal on leverage

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

Bitcoin

Speculate on which way bitcoin’s price will go, instead of purchasing the cryptocurrency.

Bitcoin trading

Ethereum

Take a position on ethereum without the need for a wallet or specialist technology.

Ethereum trading

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 spread betting and CFD trading on the three most popular: bitcoin, bitcoin cash and ethereum.

Live cryptocurrency prices

Markets Bid Offer Updated Change
Bitcoin (EUR)
liveprices.javascriptrequired
-
-
-
Bitcoin (GBP)
-
-
-
-
Bitcoin (USD)
-
-
-
-
Ether (USD)
-
-
-
-

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

How can I deal 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 spread betting or CFD trading. 

To spread bet or trade CFDs on cryptocurrencies, you’ll need to:

  1. Create an account  
    As a spread bettor or 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 and spread bets 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.

Bitcoin vs ethereum

Bitcoin

  • Exclusively used as a currency
  • Initially released in 2009
  • 16.5 million bitcoins in circulation (or ‘mined’)
  • Market cap of around $40bn3
  • 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
  • 93 million ether units in circulation
  • Market cap of around $20 billion3
  • There is an unlimited supply available (it is ‘inflational’)

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.

You might be interested in...

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 As at July 2017.

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