Bitcoin trading
Take control of your bitcoin trading with the world’s No.1 spread betting and CFD provider.1
Start trading today. Call +35 318 009 95362 or email newaccounts.uk@ig.com. We’re here 24 hours a day, from 8am Saturday to 10pm Friday.
Contact us: +35 318 009 95362
Benefits of trading bitcoin
Go short or long
Trade on bitcoin’s price falling or rising
No need for an exchange account
Get the best prices - which we source for you - from multiple exchanges
Pay no tax
Realise tax-free profits with spread bets, and offset losses against gains with CFDs2
React to volatility
Seize opportunity on a market famed for its volatility, even when others are flat
Bitcoin full product details
Bitcoin spread bet product details → Bitcoin CFD product detail → Bitcoin MT4 product details
Bitcoin turbo24 product details → Bitcoin barrier option product details
Why trade bitcoin with us?
Safeguard your capital with our range of risk management tools
Seize opportunities instantly with alerts by email, SMS or push
Talk to our expert support team around the clock
Live bitcoin prices
Prices above are subject to our website terms and conditions. Prices are indicative only.
Open a Turbo24 or CFD account
Open a Turbo24 or CFD account
How to trade bitcoin with us
When you trade bitcoin with us, you’ll be speculating on its price with Turbo24, spread bets, CFDs or barrier options.
These products make it possible to take a position on bitcoin’s price without owning any physical coins – which means you can go short or long, depending on the market trend.
To go short on bitcoin, you’d select ‘sell’ and expect the price to fall. To go long, you’d select ‘buy’ and expect the price to rise.
In addition to bitcoin, we also offer cryptocurrencies like ether or Litecoin – all of which you can trade using Turbo24, spread bets, CFDs or barrier options.
Bitcoin CFD example
Our bitcoin market takes its price from the value of bitcoin against the dollar. So when you trade on bitcoin with us, you’ll be betting an amount of money on every dollar of movement in its price.
Let’s say you’re interested in trading bitcoin via a CFD. Our price is currently 10,400 to sell bitcoin or 10,438 to buy it (the difference between prices is due to the spread).
You believe that bitcoin’s price will fall against the dollar, so you sell five contracts at 10,400 – giving you a total exposure of $52,000 (equivalent to selling five bitcoins at $10,400).
Bitcoin’s price falls and our new prices are 10,312 to sell or 10,350 to buy. You decide to take your profit by buying at 10,350.
Bitcoin moved 50 points in your favour (10,400 – 10,350) so your gross profit is $250 ($50 x 5 contracts).
If the market had rallied 50 points instead, your gross loss would be $250.
Bitcoin spread bet example
Our bitcoin market takes its price from the value of bitcoin against the dollar. So when you trade on bitcoin with us, you’ll be betting an amount of money on every dollar of movement in its price.
Let’s say our price is currently 10,400 to sell bitcoin, or 10,438 to buy it (the difference between prices is due to the spread).
You believe bitcoin’s price will rise against the dollar, so you buy £5 per point at 10,438 – giving you a total exposure of £52,190 (£5 x 10,438).
Bitcoin rises and our new prices are 10,478 to sell and 10,516 to buy. You decide to take your profit by selling to close at 10,478.
Bitcoin moved 40 points in your favour (10,478 – 10,438) so your gross profit is £200 (40 x £5).
If the price had declined by 40 points instead, your gross loss would be £200.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's No. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
FAQs
When is your bitcoin market available?
Our bitcoin market is available around the clock, from 8am Saturday until 10pm Friday (UK time).
Do I need a bitcoin wallet to trade bitcoin with IG?
You won’t need a bitcoin wallet to trade with us because you’ll be speculating on the price of bitcoin, rather than taking direct ownership. Any profits will be paid into your bitcoin trading account, and you can withdraw them in cash from there.
Can I trade bitcoin on the MT4 platform?
You can trade bitcoin on the MT4 platform, either through a desktop version of MT4 or with an MT4 VPS. When you download MT4 from IG, you’ll get instant access to our range of free indicators and add-ons.
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1 Based on revenue (published financial statements, 2022)
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
