Established in 1974
185,000 clients worldwide
Access to over 15,000 markets

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
Bitcoin (GBP)
liveprices.javascriptrequired
-
-
-
Bitcoin (EUR)
-
-
-
-
Bitcoin (USD)
-
-
-
-
Ether (USD)
-
-
-
-

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

How can I trade CFDs on cryptocurrencies

There are two ways to trade cryptocurrencies: buy them in the hope of selling them on at a profit, or speculate on their value without owning them via CFD trading.

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

  1. Create an account

As a 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.

  1. 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.

  1. 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.

  1. 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.

  1. 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 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 $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

     The latest analysis and insights from our in-house experts

  • 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 Saturday to 11pm Friday.

010 344 0053

You can also email helpdesk.za@ig.com