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Cryptocurrency Trading

Open an MT5 account to go long or short on Bitcoin, Ethereum, Litecoin and Ripple.

Why Trade Cryptocurrencies with Eightcap

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Global Regulation

Headquartered in Australia and regulated by ASIC plus other jurisdictions providing you with a safe and flexible global trading environment.
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No wallet required

Take a position on your chosen market without the need to create a Cryptocurrency wallet.
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Personal Customer Support

Our multilingual team is here to help get you up and running at your own pace so you can trade knowing that we will always be there when you need us.
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Trade Cryptocurrencies on MT5

Trade Cryptocurrencies on MT5 across webtrader, desktop and mobile, all on our powerful and secure technology infrastructure.

Apply for a live account in a few minutes or try a free demo account.

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What is Cryptocurrency Trading?

Cryptocurrencies are digital currencies that exist on decentralised ledgers, exchanges and blockchains. While there are now well over a thousand cryptocurrencies, active traders focus only on the most valuable cryptocurrencies, which are also the most liquid.

Similar to Index CFDs, Cryptocurrencies can be traded via a derivative that allows traders to take a long or short position. Traders won’t own the underlying cryptocurrency, but they will ‘own’ any movement in the price when they hold a position.

 

Introducing Cryptocurrencies

Bitcoin

Bitcoin was the original cryptocurrency and was introduced in 2009. It’s also the most valuable and most widely traded. Bitcoin is viewed as both a store of value and as a medium of exchange, and both of these attributes give it its value. Bitcoin’s code has been copied and amended by numerous other teams starting similar digital currencies – however, Bitcoin is still more valuable than all other cryptocurrencies combined.

Litecoin

Litecoin, is the sixth most valuable cryptocurrency in the world, and also can be one of the most profitable cryptocurrencies for traders. It is widely listed on exchanges, giving it good liquidity and price discovery. Litecoin is also highly correlated with Bitcoin, and often follows the Bitcoin price moves.

Ripple

Ripple is a company creating blockchain based solutions for the global banking industry. These solutions use Ripple’s own cryptocurrency, XRP, which trades freely like any other cryptocurrency. Ripple is being tested by several of the largest banks in the world. Because the interbank currency market is the largest market in the world, if the tests are successful, XRP will have significant utility underpinning its value.

Ethereum

Ethereum is a blockchain similar to the Bitcoin blockchain, but includes additional functionality that allows smart contracts and applications to run on it. This allows all the computers on the network to act as a giant decentralised computer, and third-party applications can be run by this giant computer.

FAQs

Advantages of Trading Cryptocurrencies CFDs

  • Cryptocurrencies have the largest price moves of any asset class, allowing disciplined traders to ride large price fluctuations.
  • Cryptocurrencies allow traders to participate and invest in the latest innovations in the fields of technology and finance.
  • Open short and long positions in market with small or large amounts of capital.

 

Things to consider when Trading

  • Because crypto prices can be volatile, they can also be seen as riskier markets to trade.
  • Using leverage irresponsibly can lead to losses where a large portion of your investment can be lost if the market moves against you.
  • Past performance of strategies is not an assurance of future performance.

Bitcoin (BTCUSD)24 hours
Bitcoin Cash (BCHUSD)24 hours
Bitcoin Gold (BCGUSD)24 hours
Ethereum (ETHUSD)24 hours
Litecoin (LTCUSD)24 hours
Ripple (XRPUSD)24 hours

Margin trading refers to using borrowed funds from a broker to purchase a financial asset or assets in a larger volume. Traders use margin to buy more stock than they would normally be able to (or afford to do). Margin is then used to create leverage to enter larger trades or open larger positions, in a bid to magnify gains.

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Trading in three steps

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FUND & TRADE

APPLY

Complete a simple application form.

VERIFY

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FUND & TRADE

Fund account with as little as $100 and start trading the global markets.

APPLY

Complete a simple application form.

VERIFY

Upload documents to verify your account.

FUND & TRADE

Fund account with as little as $100 and start trading the global markets.