Bitcoin trading
Take control of your bitcoin trading with the world’s No.1 CFD provider.1
Start trading today. Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Contact us: +65 6390 5133
Important notice:
Cryptocurrencies are not regulated by the Monetary Authority of Singapore (MAS) as they are not legal tender or securities. Investors should be aware that they do not have any legislative protection when they deal with cryptocurrencies and related investment products. If you choose to invest in unregulated products, you will not be protected under MAS regulations. Please ensure that you are fully aware of the risks involving cryptocurrencies and if in doubt, you should consult an independent financial adviser under a separate engagement. To find out more information about cryptocurrencies and risks, you can go to the MoneySense website here.
Why trade CFDs on bitcoin with us?
Deal on our award-winning trading platform and app2
Rest assured that you are trading with a MAS-authorised and regulated provider
Manage opportunities like May’s bitcoin halving instantly with alerts by email, SMS or push
Safeguard your capital with our range of risk management tools
Get full exposure with a small deposit when you trade on leverage3
Talk to our expert team around the clock
What are the benefits of trading CFDs on bitcoin?
Go short as well as 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
React to volatility
Remember, when trading bitcoin, you aren't taking ownership. Find out more about how leveraged bitcoin trading works.
Live bitcoin prices
How to trade CFDs on bitcoin with us
When you trade bitcoin with us, you’ll be trading on its price with CFDs. 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. As well as bitcoin, we offer other cryptocurrencies including bitcoin cash and ether.
CFDs on bitcoin full product details
Bitcoin CFD example
When you trade bitcoin with us, you’ll be trading on its price with CFDs.
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.
As well as bitcoin, we offer other cryptocurrencies including bitcoin cash, ripple and ether.
Our award-winning trading platform
Our trading platform has been voted the best in Singapore.2
Web-based platform
Take control of your bitcoin CFD trading with our clean deal ticket, clear price charts and in-platform news and analysis.
Mobile trading app
Take advantage of bitcoin CFD opportunity wherever you are, and receive trading alerts and signals on the go – through email, SMS or push.
MetaTrader 4
Automate your trading with MT4 – one of the most popular third-party bitcoin CFD trading platforms .
Get the latest Bitcoin news
-
Coinbase’s 1Q earnings preview: Profitability expected for second straight quarter
2024-04-30T00:58:29+0100 -
Market update: Bitcoin soars 12% ahead of halving event- a new peak on the horizon?
2024-03-27T04:07:43+0000
FAQs
What is bitcoin?
Back in 2009, an anonymous person or group known as Satoshi Nakamoto created a decentralised digital currency known as bitcoin.
Do I need a bitcoin wallet to trade CFDs on bitcoin markets with IG?
No. With IG you are simply speculating on the price movement of bitcoin ($). You never need to actually own any.
Can I short CFDs on bitcoin with IG?
Yes. When you trade bitcoin with IG you are speculating on price movements instead of buying and holding BTC, so you can open short positions as well as long ones.
Do you offer advanced order types?
Yes. You can open your position at the current price, or select your preferred entry point. We also offer a range of stops and limits, including trailing stops that lock in profits and guaranteed stops that can’t suffer slippage.
How are IG's bitcoin CFD settlements derived?
IG’s bitcoin settlement is based on a combination of real time prices provided directly by some of the world’s most liquid bitcoin exchanges.
When are your CFDs on bitcoin markets available?
Our bitcoin market is available around the clock, from 8am Saturday until 10pm Friday (UK time).
What are CFDs on bitcoin cash?
Bitcoin cash is a new cryptocurrency. Launched in August 2017 as a result of a split in the bitcoin transaction ledger (known as the blockchain), it operates under a different set of rules to bitcoin, and with a different blockchain altogether.
Learn more about the differences between bitcoin and bitcoin cash.
How did bitcoin cash come about?
Bitcoin’s skyrocketing popularity was causing difficulties for the bitcoin mining community, which struggled to keep up with the capacity of transactions. Traders were having to wait an increasingly long time for their transactions to go through, and expected to pay additional fees if they wanted things to move quicker.
Cue disagreement within the community about how exactly to solve the scalability problem. Many miners felt that existing restrictions imposed by the software needed to be revised, while others felt this would disincentivise miners and devalue the cryptocurrency. This ultimately led to a split, or ‘hard fork’, in the blockchain.
Bitcoin forks aren’t uncommon, but there is usually a consensus on which version of the blockchain to discard. On this occasion, however, neither was discarded. This resulted in two tokens: the original bitcoin, and the new bitcoin cash.
This enabled bitcoin cash miners to apply new rules to their mining software and expand the currency’s transaction capacity, among other changes. As such, despite a shared transaction history, the two currencies are now entirely incompatible with one another.
Can I trade CFDs on bitcoin on the MetaTrader 4 platform?
Yes, you can use the MetraTrader 4 (MT4) platform to trade bitcoin against the US dollar. With MT4, you’ll gain access to low latency execution, as well as a number of free apps, indicators and tools.
Try these next
Discover everything you need to know about bitcoin halvings
Get to grips with the basics of how to trade bitcoin with our step-by-step guide
Compare cryptocurrencies against each other and start trading now
1 Based on revenue (published financial statements, 2022).
2 Winner for Mobile Platform / App based on the Investment Trends 2018 Singapore CFD & FX Report based on a survey of over 4,500 traders and investors. Awarded the Best Online Trading Platform by Influential Brands in 2019 and 2022.
3 While leverage can increase your potential profits, it can also increase your total losses.
Contact us
New client: +65 6390 5133 or accountopening@ig.com.sg
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