ThinkMarkets offers Bitcoin CFDs, including BTCUSD, to eligible clients.
When trading a Bitcoin CFD, you speculate on the price movement of Bitcoin without owning the underlying cryptocurrency or holding Bitcoin in a crypto wallet.
Which platforms support Bitcoin trading?
Depending on your country, account and ThinkMarkets entity, cryptocurrency CFDs can be available on:
- ThinkTrader;
- MetaTrader 4 (MT4); and
- MetaTrader 5 (MT5).
How do I trade Bitcoin?
- Log in to your supported trading platform.
- Search for BTCUSD or the relevant Bitcoin instrument.
- Select the instrument.
- Choose your trade size.
- Select Buy if you expect the price to rise or Sell if you expect the price to fall.
- Set any Stop Loss or Take Profit instructions you want to use.
- Review the order details and submit the trade.
Do I own Bitcoin when I trade BTCUSD?
No.
A cryptocurrency CFD gives you exposure to Bitcoin's price movement but does not give you ownership of Bitcoin.
You therefore do not need a blockchain wallet to trade a Bitcoin CFD.
Can Bitcoin CFDs be traded at the weekend?
Yes, where cryptocurrency CFDs are available to your account.
Cryptocurrency CFDs are part of ThinkMarkets' weekend trading offering, although scheduled maintenance periods can apply.
Are Bitcoin CFDs available to everyone?
No.
Cryptocurrency CFD availability depends on your country, client classification and ThinkMarkets entity.
For example, UK Retail clients cannot trade cryptocurrency CFDs.