Cryptocurrencies trading

Trade bitcoin, ethereum, ripple and litecoin pairs without owning any cryptocurrency, with the world’s No.1 CFD and spread betting provider.1

Why trade cryptocurrencies with IG?

  • Go short as well as long

    Take a position when you expect a cryptocurrency to fall in value, as well as 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

  • 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 spread betting and CFD trading on nine of the most popular: bitcoin, bitcoin cash, bitcoin gold, ripple, litecoin, ether (Ethereum), EOS, Stellar (XLM) and NEO.

Live cryptocurrency prices

Markets Bid Offer Change
Bitcoin (USD)
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Ether (USD)
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Bitcoin Cash (USD)
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Litecoin (USD)
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Ripple (USD)
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EOS (USD)
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Stellar
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NEO
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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. Find out more about the differences between buying and trading cryptocurrencies.

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.

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’)

Ether (Ethereum)

  • Just one example of a wider network of applications
  • Initially released in 2015
  • 101 million ETH 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 circulation3
  • Market cap of around $130 billion3
  • 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 circulation3
  • There is no upper limit to the number of coins (it is ‘inflational’)

Bitcoin cash

  • Exclusively used as a cryptocurrency
  • Split from bitcoin in a 2017 hard fork, designed to increase network capacity
  • 17 million BCH units currently in circulation3
  • There is a finite supply of 21 million available (it is ‘deflational’)

Litecoin

  • Exclusively used as a currency
  • Initially released in 2011
  • 57 billion LTC units currently in circulation3
  • Market cap of around $10 billion3
  • There is a finite supply of 84 million available (it is ‘deflational’)

EOS

  • Used within a blockchain platform called EOS.IO
  • Launched in 2018
  • Over 900 million EOS units currently in circulation3
  • 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 circulation3
  • 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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1 Based on revenue excluding FX (published financial statements, February 2018).

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 of August 2018.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.