Use our comparison tables to compare the best Bitcoin brokers authorised and regulated by the FCA. Choose or switch to a broker that offers the most markets, best pricing and client security.
CFD, spread betting and trading Bitcion on leverage carries a high level of risk and can result in losses that exceed your deposits. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Please Note: If you want to buy cryptocurrency rather than trade it you need a Cryptocurrency exchange like Revolut
|Featured Cryptocurrency Broker||What Cryptocurrencies can you trade?||How much does Crypto trading cost?||CEO Interview||More Info|
|Trade eight cryptocurrencies, including bitcoin, ether, ripple and litecoin, without taking ownership of the underlying. Or get broad exposure in a single trade with our Crypto 10 index via CFDs or spread bets.||Trade Bitcoin with a 50 point minimum spread, 2 points on Ether and 40 points for IG Crypto Indices|| Visit IG
|Spread bet or trade CFDs on popular cryptocurrencies, including bitcoin, ethereum, litecoin and ripple, as well as our unique range of crypto indices.||Trade Bitcoin with min 30 point spreads. The CMC All Crypto Index has 35 point spreads|| Visit CMC
|5 cryptocurrency derivative products – Bitcoin, Bitcoin Cash, Ethereum, Dash and Litecoin – and leverage up to 2:1 across all of our trading platforms.||No commission fees and leverage of up to 5:1 for Professional Clients, and 2:1 for Retail Clients||Read Tamas Szabo CEO Interview|| Visit Pepperstone
|Trade Crypto volatility without owning Cryptocurrency on Bitcoin, Ethereum, Litecoin and Ripple.||City Index claim to offer the lowest cost Cryptocurrency trading, with market-leading pricing on Bitcoin, Ethereum, Litecoin and Ripple.||Coming Soon|| Visit City Index
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|Access to two Exchange Traded Notes (ETNs) that track the movement of Bitcoin and Ethereum against the USD (BTC/USD and ETH/USD).||Saxo has three pricing tiers. Pay less as you trade more. Commissions from £4.99 on UK-listed ETFs, and $3 for US-listed.||Read Andrew Edwards CEO Interview|| Visit Saxo
How do you trade in Bitcoin?
The world's most famous crypto-currency is an obvious target for investors and traders due to its history of rapid gains and falls in value. This volatility makes it both very risky and potentially very lucrative as an investment.
How Bitcoin trading works
The most obvious way to invest in Bitcoin is simply to buy Bitcoins. However, buying Bitcoins limits the investor to betting on an increase in the currency's value. If you believe that it will decrease in value and you would like to bet on this happening, then you'll need to acquire a contract for difference (CFD) or place a spread bet. These two approaches are fairly similar in operation. A contract for difference could specify that if the value of an asset %28in this case, Bitcoin%29 increases above a particular figure %28ask price%29 then the issuer of the contract will pay you the difference between the value and that figure multiplied by your stake. If the value moves in the opposite direction then you will pay the issuer of the contract the difference multiplied by your stake. Alternatively, the CFD could specify that if the value of Bitcoin declines below a certain price %28bid price%29 then the issuer will pay you the difference multiplied by your stake and you'll pay them if it moves in the opposite direction. Spread bets are similar except that you are placing a bet with a bookmaker. In the UK spread betting is not subject to Capital Gains Tax, which makes it a popular option.
How to get started
If you are buying Bitcoins then you will require a Bitcoin address. This is a code to which the Bitcoins that you buy will be allocated. You can acquire an address by downloading a Bitcoin client to your computer or setting up an online wallet. Once you have your address you can purchase Bitcoins via an online exchange. If you are taking out a CFD or placing a spread bet then you'll need to do so via a broker that offers these services. This will require you to open an account and deposit money. Many traditional foreign exchange brokers now offer the option to trade in Bitcoin. They also generally offer the option of leverage, which is betting using money loaned by the broker.
What to avoid
When using CFDs or placing spread bets it is possible to lose more than your initial stake. This will be amplified if you use leverage. Don't risk more money than you can afford to lose when you take a position. Placing stop loss orders which automatically close down your position when Bitcoin hits a particular value are an essential way to limit the risk that you face.
What to look for
The various Bitcoin exchanges and CFD/spread betting companies have different fee structures for their services. Make sure that you're not being overcharged and that the trading platform on offer is to your liking. As with any investment, the more you know about factors that will impact the price of Bitcoin, the more likely you are to profit.
A trading example
Say that a spread betting company is offering a bid price of 4,300 and and ask price of 4,500. The gambler believes that Bitcoin will increase in value and places a bet of £200 at the ask price. Bitcoin appreciates to 4,550 and the gambler closes their position, taking a payout of £10,000.