All trading involves risk. Losses can exceed deposits.

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

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 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

Bitcoin

We offer trading on bitcoin as well as its two biggest offshoots: bitcoin gold and bitcoin cash.

Bitcoin trading

Ripple

Take advantage of ripple price volatility via CFD trading or spread betting.

Ripple trading

Ethereum

Go long or short on ethereum without the need for a wallet or specialist technology. 

Ethereum trading

Litecoin

Buy and sell litecoin via leveraged trading, so you don’t need an exchange account.

Litecoin 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 six of the most popular: bitcoin, bitcoin cash, bitcoin gold, ripple, litecoin and ethereum.

Live cryptocurrency prices

Markets Bid Offer Change
Bitcoin (USD)
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Bitcoin Cash (USD)
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Bitcoin Gold (USD)
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Ether (USD)
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Litecoin (USD)
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Ripple (USD)
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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
  • 16.8 million bitcoins in circulation (or ‘mined’)
  • Market cap of around $260 billion3
  • There is a finite supply of 21 million available (it is ‘deflational’)

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’)

Bitcoin cash

  • Exclusively used as a cryptocurrency
  • Formed after a hard bitcoin fork in 2017
  • 16.9 million BCH units currently in circulation3
  • Market cap of around $40 billion3
  • There is a finite supply of 21 million available

Ethereum

  • Just one example of a wider network of applications
  • Initially released in 2015
  • 93 million ether units in circulation
  • Market cap of around $100 billion3
  • There is an unlimited supply available (it is ‘inflational’)

Litecoin

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

Bitcoin gold

  • Exclusively used as a cryptocurrency
  • Formed after a hard bitcoin fork in 2017
  • 16.7 million BCH units currently in circulation3
  • Market cap of around $3 billion3
  • There is a finite supply of 21 million available

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); number of active UK financial spread betting accounts (Investment Trends UK Leveraged Trading Report released June 2017).

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 January 2018.

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