Trade crypto CFDs with FOREX.com without needing to own the cryptocurrency itself. With competitive spreads on Ripple, Ether and Bitcoin CFDs.
Go long or short on CFDs - Get competitive spreads - Trade without the need for a digital wallet
Why trade crypto CFDs with FOREX.com?
What are cryptocurrencies?
Why start investing in cryptocurrencies?
How to invest in cryptocurrencies
Cryptocurrency market information
Major crypto moves and markets news
Cryptocurrency news and analysis
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What are cryptocurrencies?
Unlike traditional currencies, cryptocurrencies are decentralized, meaning there is no central bank controlling the price and supply.
Most cryptocurrencies are based on blockchain technology, which allows for instant transactions without the need for a third party.
Cryptocurrencies, created and maintained electronically, are produced through a process known as mining, and there is a limited supply.
Since the launch of Bitcoin in 2009, the value of the cryptocurrency market has exceeded $1,000 billion.
Wondering what the pros and cons are of owning a cryptocurrency vs trading it as a CFD?
Crypto CFD FAQs
What are Cryptocurrencies?
Cryptocurrencies, or cryptos, are a form of decentralized digital currency that is not regulated by a government or central bank. Instead, cryptos use encryption techniques to generate, regulate, and transfer their units. Cryptocurrencies are often stored in virtual wallets (e-Wallets) and are used for peer-to-peer transactions or online stores that accept them.
What is a crypto CFD broker?
A crypto CFD broker is a provider that enables you to speculate on the price of cryptocurrencies – such as Bitcoin – with contracts for difference. Instead of buying the digital currency, you’re taking a position on whether its price will rise or fall.
Can I short cryptocurrencies on FOREX.com?
Yes, short selling is as easy as buying with spot cryptocurrencies, unlike when you directly purchase cryptocurrencies.
What’s better: CFDs or crypto?
Buying cryptos means you’re taking ownership of the digital asset, so you’ll need an account with an exchange and a digital wallet to store the crypto in securely. When you trade crypto CFDs, you just need an account with a CFD provider, and as you won’t be taking ownership of the asset, you won’t need a digital wallet.
What is Bitcoin?
Bitcoin was the first decentralized cryptocurrency. Created in 2009, Bitcoin uses blockchain verification technology to secure and protect peer-to-peer transactions. Like other cryptocurrencies, Bitcoin is decentralized and is not regulated by a central bank or any government.