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Cryptocurrency trading

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

Why trade cryptocurrencies with IG?

  • Go short as well as long

    Take a position on prices you think are about to fall, with spreads from just 6pts

  • Trade with confidence

    We’re an established FTSE 250 company recognised for our strength and security

  • Global choices

    Trade against a range of major currencies, including GBP and USD.

  • Deal on leverage

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

  • Bitcoin CFDs

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

  • Ethereum CFDs

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

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 CFD trading on the two most popular: bitcoin and ethereum.

Live cryptocurrency prices

Markets Bid Offer Updated Change
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Bitcoin (GBP)
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Bitcoin (EUR)
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Bitcoin (USD)
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Ether (USD)
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Prices above are subject to our website terms and conditions. Prices are indicative only

How can I trade CFDs on cryptocurrencies

Usually, trading cryptocurrencies is done via an exchange, and you need to have acquired a virtual ‘wallet’ to hold them, which can make for a time-consuming process. To open a CFD on a cryptocurrency with IG, however, all you need is a trading account, which takes minutes to set up

You’ll then be able to log in to our platform, where you’ll see bitcoin and ethereum quoted against a major currency, such as USD. Rather than taking actual ownership when you open a position, you’re instead speculating on the cryptocurrency’s rise or fall in value against the dollar. If you’re correct, you’ll profit; if you’re not, you’ll make a loss.

Keep in mind that as CFDs is a leveraged product, 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.

You can use CFDs to open long and short positions against USD, GBP and EUR.

CFD bitcoin product details

CFD ethereum product details

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 $40bn2
  • There is a finite supply of 21 million available (it is ‘deflational’)

Ethereum

  • Used for a wide range of smart contract applications, including currency
  • Initially released in 2015
  • 93 million ether units in circulation
  • Market cap of around $20 billion2
  • 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...

  • Bitcoin

    Trade on bitcoin price movement with the world’s no.1 CFD1

  • Market analysis

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  • Learn about IG

    Meet the world's No.1 CFD provider1

World's No.1 CFD provider based on revenue excluding FX, published financial statement; (Investment Trends UK Leveraged Trading Report October 2016)

2 As at July 2017.

Contact us

We're here 24hrs a day from 9am Sunday to 11pm Friday,
and 10am to 6pm Saturday.

010 344 0053

You can also email helpdesk.za@ig.com