Only individuals who have live trading accounts with OANDA Corporation can opt to open a crypto trading account with our crypto services provider, Paxos Trust Company, which provides all crypto exchange and custody services for trading and holding cryptocurrencies. The activation of your crypto trading account is subject to approval by Paxos.

If, for any reason, a client’s live forex trading account is terminated, then their crypto account will also be terminated (which will include the enforced closure of any remaining open crypto positions).

Corporate accounts, Individual Retirement Accounts (IRA), Eligible Contract Participant (ECP) accounts and Legal Entity accounts are not eligible at this time.

All eligible clients of OANDA Corporation can spot trade cryptocurrencies through our mobile platform. Currently, you cannot spot trade cryptocurrencies through our web, MT4 and third-party platforms.

To get started, activate your crypto account with Paxos from the HUB or our mobile platforms.

You can open only one crypto trading account.

Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ave, Chainlink, Uniswap and PAX Gold.

We support the following order types:

• Quick buy: This order type is similar to a market order, except that it is placed on the exchange as a limit order to reduce potential price slippage.
• Quick sell: This order type is the same as a market order.
• Buy limit: We allow you to place buy limit orders. Thus, you can place a buy limit order at a price lower or higher than the current market price. Your order will be executed at the specified price or better (lower than the specified price). A limit order will execute immediately if it matches up with an existing offsetting order(s) on the order book, or it will rest on the order book if it does not execute immediately.
• Sell limit: We allow you to place aggressive sell limit orders. Thus, you can place a sell limit order at a price higher or lower than the current market price. Your order will be executed at the specified price or better (higher than the specified price).
• Sell stop: You can place a sell stop order at a price lower than the current market price. A sell stop order is subject to slippage.

Note:

Any pending buy limit, sell limit or sell stop order will be executed even during maintenance hours.

Minimum and maximum order sizes depend on the cryptocurrency you want to trade.

On the OANDA mobile platform, the minimum and maximum order sizes are shown in the instrument information section as minimum volume and maximal volume respectively.

OANDA enables you to place crypto orders up to a maximum position size on a per symbol basis.

On the OANDA mobile platform, it is shown as Max Position Size in the instrument information section.

There is no spread markup or custody fee on crypto trades. A 0.25% fee, subject to a minimum fee of US$0.01, applies to all executed crypto orders.

The fee (in USD) is calculated as 0.25% * order quantity * fill price.

For more information, refer to our deposit and withdrawal guides.

For trading in spot cryptocurrencies, leverage is not available. You can only trade with the funds you have.

You can’t short sell crypto with OANDA.

Daily statements will be sent to your email address if there is any deposit or withdrawal on your Paxos crypto trading account, or if you have any holdings. You’ll also receive monthly statements.

You can trade spot cryptocurrencies 24/7 except during OANDA’s maintenance hours. For more information, refer to our hours of operation.

When you buy cryptocurrencies in the spot market you get immediate delivery. This means there is no financing cost.

A fork is when there is an update or change to the blockchain software, either in the form of a soft fork or hard fork. A soft fork refers to minor updates to the blockchain, while a hard fork results in a split in the blockchain network. The result of a fork is that a new second blockchain will be created on that forked blockchain.

An airdrop is a marketing event where, to promote a new digital currency, an issuer may send coins or tokens to wallet addresses of members of the blockchain community. This may be for free or in return for a small service.

All exchange and custody services for trading and holding cryptocurrencies are provided by Paxos, our crypto trading services provider. Paxos evaluates forks and airdrops on a case-by-case basis. Should such an event occur, Paxos shall have the sole discretion to take any action with or without any advance notice to you, notwithstanding that they are under no obligation to take such action.