Compare Bitcoin CFD Trading Platforms

Find the best CFD platforms for bitcoin trading.

Bitcoin CFDs help you capitalise on bitcoin price fluctuations without the hassle of holding your coins in a wallet. We've found and compared all the best options around to help you trade bitcoin with confidence.

Risk Warning. 80.6% of retail investor accounts lose money when trading with CFD platforms. You should consider whether you can afford to take the high risk of losing your money. You must learn first.

Read more

Contents of page

What should I look for when trading Bitcoin with a CFD, online?

When using CFD platforms, it's best to look for a service that offers low withdrawal fees and has a user-friendly site design. This will mean you can trade coins quickly and easily, while also being able to keep more of your profits.

Read less

The most reputable and accessible bitcoin CFD trading platforms.


These are the biggest sites that currently offer CFF bitcoin trading. Have a look at our reviews to find the best option for you.

1
£100
BTC
ETH
LTC
XRP
DASH
BCH
CRYPTO
  • Award winning CFD platform
  • 5 million registered accounts
  • Zero commission
2
£200
BTC
ETH
LTC
XRP
EOS
NEO
ADA
CRYPTO
  • World's leading platform
  • Trade and invest
  • Millions of users
3
£1
BTC
ETH
LTC
XRP
EOS
BCH
ADA
CRYPTO
TRX
  • Up to 100x leverage
  • High security
  • Various contract types
4
£100
BTC
ETH
LTC
XRP
EOS
DASH
  • Competitive swap rates
  • 20:1 leverage on crypto trading
  • World-class 24/5 customer service
5
£250
BTC
ETH
LTC
XRP
  • Tax free trading
  • 0% commissions
  • Improved liquidity
6
£250
BTC
ETH
LTC
XRP
DASH
XMR
BCH
ETC
BTG
  • Trade in GBP, USD, and EUR
  • Number of coins available
  • Trade with leverage of up to 1:5

Should I use a bitcoin CFD trading platform?


Advantages

  • You can trade bitcoin without having to manage the coins yourself
  • CFD trading enables you to take advantages of price fluctuations
  • CFD platforms give you the ability to short and long sell bitcoin
  • You are able trade bitcoin on a regulated platform

Drawbacks

  • You don't actually own the bitcoins you're trading
  • CFD platforms require technical knowledge of trading cryptocurrency

Frequent questions.


Can I use a CFD platform on my mobile phone?

Yes. Most CFD trading platforms have easy-to-use mobile apps available. Platforms such as eToro and Plus500. have apps that you can download from Google Play Store or Apple App Store and have full functionality.

Is CFD trading the best way to buy and sell bitcoin?

If you’re looking to trade bitcoin without having to own the coins, then yes, CFD trading is the best way. You can trade quickly and engage in short and long selling to make more profit on bitcoin’s price fluctuations.

How can I trade bitcoin without owning the coins?

This can sound confusing at first, but it’s actually quite simple. The easiest way to understand it is through thinking about betting. If you place a bet that a horse wins a race and it does, your bet pays out. The fact that you don’t own the horse isn’t relevant. CFD trading works in a similar way: you’re essentially betting that bitcoin will increase in value, and when it does you get paid accordingly.

Is using a CFD platform anonymous?

No, using a CFD platform is not anonymous. You have to provide proof of ID (National ID or driving license) and address (utility bill or bank statement) to verify your account.

Is it easy to switch CFD platforms?

Yes, and you can even use multiple platforms at the same time if you choose.

Is bitcoin CFD trading legal?

Yes, in the UK bitcoin CFD trading is legal. In other countries, this might not be the case. Make sure that you check the law in your country before using CFD trading.

Are CFD platforms regulated?

Yes, in the UK bitcoin CFD platforms are regulated by the FCA. Regulation in other countries varies, so please check the regulatory status of bitcoin CFD trading if in another country.

What if a CFD platform closes down while I have open trades?

As long as the platform is regulated, some of your money will be compensated. For instance, as long as you’re a UK citizen using a CFD platform regulated by the FCA, you should be covered for at least some of your losses under the Financial Services Compensation Scheme. This can depend on the leverage you have with your trades, but the maximum amount of compensation is £50,000. In other countries or for people of different nationalities this will vary, so make sure to check these details on your preferred platform.

Do I have to pay tax on any profits made through bitcoin CFD trading?

In the UK, if you make a large amount (over £11,700 in the course of a year) then you will have to pay capital gains tax of between 10 and 20% on earnings above that amount, but you won’t have to pay any income tax. Nor will you have to pay any stamp duty, as with a CFD trade, you don’t own the asset on which you are trading. In other countries this will be different, so check the tax law around bitcoin trading where you are.

What are the differences between exchanges, brokerages, and CFD platforms?

This is explained fully on our page about buying bitcoin, so for detailed information it’s good to head there. But to give a quick summary: an exchange enables you to buy and trade a range of cryptocurrencies, a brokerage is a company that acts as a middleman to buy and sell bitcoin for you at a fixed price, and a CFD (contract for difference) platform allows you to trade against the value of bitcoin without actually owning the coins.

Can I transfer from a CFD trading account into my PayPal account?

Yes, CFD platforms will often allow deposits and withdrawals from/to PayPal accounts. If you want to use PayPal to take out a CFD, find a platform that accepts these payments and then follow the instructions for loading your account using PayPal.

Are there minimum and maximum deposit/withdrawal amounts?

Minimum deposits tend to be around £250, with minimum withdrawals being lower, at around £50. Limits will vary depending on the platform you’re using and your location, but tend to be £10,000 or above.

Are there trading limits?

Trading limits of each platform tend to be tied to the deposit limits and can vary a lot depending on where you are located. For accurate information on each platform, please have a look at our reviews.

Can I access my full trading history on a CFD platform?

Yes. On a CFD platform, you’ll be able to see all of your past trades as well as all transactions you’ve carried out on the platform.

Are deposits made in cryptocurrency or fiat currencies?

Typically deposits on bitcoin CFD platforms are made with fiat currency. The purpose of CFD trading is to take advantage of market fluctuations without having to own the bitcoins, so it is common for all transactions to occur in fiat currency.

Is it possible to short sell on bitcoin CFD platforms?

Yes, if you believe that bitcoin price will drop, you can short the currency by opening a sell/short trade and make some profits. CFD platforms allow you to engage in both short and long selling on the value of bitcoin to maximise profit. This is why they tend to require a bit more technical trading knowledge than exchanges or brokerages.

How to buy and sell bitcoin using a CFD platform in 2018.


What is bitcoin CFD trading?

CFD trading is a way of buying and selling bitcoin without having to manage the coins yourself. You buy a certain amount of bitcoin, and then when you sell the coins you receive the difference in their value. If bitcoin is worth more than when you bought, the CFD platform pays you; if it’s worth less, you pay them. This makes CFD trading less risky, as nobody can steal your coins, and allows you to trade bitcoin much faster.

How do bitcoin CFD trading platforms work?

CFD stands for Contract for Difference, as that’s what you’re actually taking out when buying your bitcoins this way. You’re not buying some bitcoins, holding them in a wallet, and then selling them later. What you are doing is taking out a contract on the value of bitcoin at the point you buy the coins with a platform that promises to pay the difference in value when you sell your bitcoins: literally a Contract for Difference.

Think of it this way: if you take out a CFD for £2,000 worth of bitcoin, and the value of bitcoin rises 25%, you can sell your CFD for £2,500 and get a profit of £500. But if the value of bitcoin falls 10%, you will be able to sell the CFD for £1,900 at a loss of £100. You control when you sell, so if you believe the price of bitcoin will recover, you can hold out until it does.

Don’t be put off by the word ‘contract’. All this is happening behind the scenes and CFD trading is done through a few clicks online, not signing obscure documents drawn up by lawyers. We’ll explain the whole process and best platforms to use.

So I don’t technically own the coins I’m trading on a CFD platform?

On a technical level no, you don’t own the coins. You are instead trading on the fluctuations in the value of bitcoin. This is actually a good thing, though, because you don’t have to deal with the hassle of choosing a wallet and worrying about keeping your bitcoins safe. It also means you can trade faster to take advantage of quick changes in bitcoin’s price, and adopt either long or short positions to make profit whether the price goes up or down.

CFDs are how most day traders work: instead of buying and selling stocks and shares, they take out CFDs on their value to make trades faster and easier. It’s the same with bitcoin.

What should I look for in a bitcoin CFD platform?

Find a regulated platform

Bitcoin CFD trading is regulated by the FCA in the UK. However, since the UK is a part of the EU, any EU-licensed regulators can also provide for UK regulation. Regulation is often tricky when it comes to cryptocurrency, but because CFD trading is a commonly used trading tool and doesn’t involve actually handling bitcoin, it’s the most securely regulated form of bitcoin trading. Our reviews will provide you with a platform that’s trustworthy and reputable to use.

Variety of payment methods

Make sure you select a CFD platform that allows you to deposit and withdraw in a payment method that suits you. Platforms will typically take deposits through a variety of of payment methods (card payment, bank transfer, PayPal etc.). It is not common to find CFD platforms that take deposits in cryptocurrency.

Suitable deposit and withdrawal limits

Deposit and withdrawal limits will vary, so make sure you’re selecting a CFD platform that suits the level of trading you want to do, whether it’s large or small. First time minimum deposits tend to be in the region of £250, and often there’ll be a minimum withdrawal amount and a flat fee (eToro hasa minimum of $50 and a fee of $25 on all withdrawals).

Good reputation

Bitcoin CFD trading has been available for a while now, so there are many with a good history of providing good service. Reading through our reviews, and those from previous users is a good way to find a platform that’s trustworthy and reputable.

Design and ease of use

No one wants a complicated interface when using any bitcoin trading platform. The friendlier and easy to use the website design is, the better. Especially if you’re new to CFD trading, finding a platform that makes the whole process clear and easy is essential.

Variety of coins

If you’re interested in investing in cryptocurrencies other than bitcoin, then you can find CFD platforms that allow you to trade a range of coins. The cryptocurrencies you can take out CFDs for are listed in our reviews of each platform.

Will I have to verify my bitcoin CFD trading account?

Yes. As CFD trading is a regulated industry, in order to comply with regulations you must have your account verified in order to trade. Verification will usually involve providing proof of identity and proof of address (usually a passport and driving license/utility bill). You will often be asked to provide a selfie holding one of your photo IDs to prove that indeed you are who you say you are.

Is bitcoin CFD trading secure?

Yes, bitcoin CFD trading is a very secure way of buying and selling bitcoin. Not only is it a regulated financial industry, but it at no stage involves having to take ownership of the bitcoins you’re trading, meaning you’re never at risk of losing them/having them stolen by hackers.

What if I forget my password?

Just like other online platforms, CFD trading accounts will have ways of resetting your password using your email address or recovery questions. It is essential to choose a very secure password – one with a combination of special characters, numbers and letters (lower and upper case) as you don’t want anyone else having access to your open trades.

Can I trade multiple cryptocurrencies with CFD platforms?

Yes, but not as many as you’ll be able to find on the largest exchanges such as Bittrex and Binance. Usually bitcoin CFD trading platforms will allow you to trade all the most well-known coins, such as Bitcoin, Ethereum, Litecoin, and Ripple. If you’re looking to invest in a variety of smaller altcoins, currently the best place to look is a Bitcoin exchange.

Do CFD trading platforms charge fees for trades?

It depends on the platform. Sometimes there will be no fees tied to opening or closing a CFD, whereas there are platforms that charge a small commission or charge extra for keeping trades open overnight. There will, however, usually be withdrawal and/or deposit fees for using a platform.

Do I need to have a bitcoin wallet to use a CFD platform?

No, you don’t need a wallet to use a bitcoin CFD platform as you don’t ever have to take personal ownership of the coins.

What are the advantages of using a CFD Platform?

CFD platforms are the best tool if you’re looking to make money on the fluctuating price of bitcoin. You don’t have to control the coins yourself so you don’t have to worry about setting up wallets or keeping them safe. You can also react faster to take advantage of fluctuations in the market and establish both short and long positions.

And what are the drawbacks?

If you want to own and use bitcoins, you’ll need to use a brokerage or an exchange. You can’t spend bitcoins you trade on a bitcoin CFD platform, they are exclusively for profiting on fluctuations in bitcoin’s value. You also need to have more technical financial knowledge in order to take full advantage of CFD platforms, as CFD trading is an established financial trading tool that can be complicated to use.

Should I use a CFD trading platform?

It’s up to you. If you want to trade bitcoin quickly and easily without having to worry about keeping the coins safe from hackers, then it’s a great option. However, if you want to buy bitcoins in order to keep them for the long term, or actually spend them, then it’s better to use a brokerage or an exchange.

Where can I find the best CFD trading platforms?

We have them all right here. We’ve compared and reviewed all the best options available to help you find the right bitcoin CFD platform for you.

Scroll to top