Trade cryptocurrencies

Trade CFDs on a range of popular cryptocurrencies against the US dollar with competitive spreads.

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Bitcoin and Bitcoin Cash

Using the MetaTrader platform, you can trade Bitcoin CFDs from your laptop, mobile and tablet devices with competitive spreads.

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Ethereum and Litecoin

Trade two major altcoins, Ethereum and Litecoin, against the US dollar with competitive spreads.

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More cryptos

We offer 18 cryptocurrencies in total. These include Binance Coin, Cardano, Chainlink, Dogecoin, Polkadot, EOS, Stellar, Tezos and Uniswap. We offer them as a CFD against the US dollar.

Cryptocurrencies

Cryptocurrencies are a digital form of currency that can be traded and used to pay for things. Their value is determined by supply and demand – which makes them highly speculative and unpredictable.

See the table below for the cryptocurrencies we offer.

Trading cryptocurrencies with OANDA

Whereas coins or tokens involve buying a fraction of, say, Bitcoin and holding that investment in a digital wallet until you want to sell, cryptocurrencies as CFDs are traded against the US dollar, much in the same way as you would trade forex CFDs.

You can trade all the big names in crypto on MT5. You’ll enjoy customisable layouts, trade-through charts, a range of plug-ins, an intuitive interface and more. Available on live and demo trade accounts.

Go long and short
Trade without owning the coin you are trading
Expect volatility - cryptocurrencies often move faster than traditional currencies
24/7 trading when the markets are open
CFDs use leverage, which magnifies profit and loss
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The history of crypto

Cryptocurrencies were born out of a counter culture – the desire to trade in a currency that was neither regulated by any central bank, nor influenced by national currencies and major economic events.

Cryptos use distributed ledger technology, or blockchain, to maintain a public record of all transactions. Tokens or coins can be bought and sold and are stored in a digital wallet, either online through an exchange like Binance, or offline ‘in cold storage’ on a server.

When Bitcoin was first released in 2009, most financial institutions thought it would be a flash in the pan and amount to nothing. Nine years later Bitcoin and many other cryptocurrencies crashed and the sceptics felt vindicated. But crypto has bounced back and, in 2020, Bitcoin soared to more than US$60,000 per coin. It crossed this level again in October 2021.

Although there were two major selloffs in spring and summer of 2021, Bitcoin and other major crypto currencies are showing signs of a swift comeback, and many crypto aficionados, including Fundstrat Global Advisors' Tom Lee, predict a price point of $100,000 for Bitcoin before the start of 2022.

Risk management

Because cryptocurrencies are so volatile, it’s vital you protect your profits and manage your risk by adding stop losses to your trades. Keep an eye on your margin and be aware that leverage can also work against you at the same speed as it can work in your favour.

Ready to start trading?

Open an account in minutes

Already have a live trading account? It's easy to fund your account using one of the following payment methods.

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Frequently asked questions
Smart answers to common questions.

Is cryptocurrency trading volatile?

Cryptocurrencies are highly volatile unregulated assets, which means they can move up or down in price at speed. So, if you are on the right side of the trade, it may indeed look easy to make money trading cryptos. What you must remember is that it’s equally easy to lose money on a crypto trade - and at tremendous speed. So, be sure to use a stop loss on all of your crypto trades.

Trusted by traders all over the world

With over 25 years of experience, the OANDA Group offers leading tools, powerful platforms and transparent pricing.

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Access a wide range of CFD instruments
We offer CFD prices on shares, indices, forex pairs, commodities, cryptos and metals and our spreads are competitive.

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Three ways to trade

Choose from a range of leading platforms, including TradingView, MetaTrader and our mobile app for iOS and Android.

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Take advantage of MetaTrader

MetaTrader 5 is one of the world’s most widely used trading platforms. Enjoy customisable layouts, a range of plug-ins, intuitive interface and more.