Cryptocurrencies

The revolution of currency or a storm in a teacup – the jury is still out. We do not judge, we just give you the tools and the platform to trade some of the most popular cryptocurrencies.

Name Sell Buy Diffеrence (%)

- The first cryptocurrency, created in 2009

- Used mainly as a currency

- Supply limited to 21 million units

Sell

19695.02

Buy

19695.02

1.88%

- Created in 2015

- Many applications of the base platform

- Unlimited supply

Sell

19695.02

Buy

19695.02

1.88%

- Created in 2017 as a hard fork of Bitcoin

- Offers faster processing of transactions

- Supply limited to 21 million units

Sell

19695.02

Buy

19695.02

1.88%
Bitcoin USD
Ether USD
Bitcoin Cash USD

Current price:

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Why DF Markets?

Trade some of the most popular cryptocurrencies; no need for a wallet.

Go long or go short – it’s up to you.

Trade Mini CFDs at around 10% of the price of the standard CFDs.

DF Markets is authorised and regulated by the Financial Conduct Authority (FCA) in the UK.

Retail client money is protected by the Financial Services Compensation Scheme (FSCS) up to £50,000.

Trade cryptocurrencies 24/5.

Cryptocurrency CFDs are an extremely high-risk, speculative investment.

Frequently Asked Questions

  • 1: What are the cryptocurrencies?

    As they are something relatively new, there are a lot of definitions and interpretations. Generally speaking, cryptocurrencies represent a decentralised application for payments. It is decentralised because, instead of being emitted and governed by a single country, they are supported by thousands of independent servers around the world. These servers’ main purpose is to verify the ongoing transactions, add them to the public ledger (the blockchain), and create the new coins.

    Cryptocurrencies are virtual currencies that are not issued or backed by a central bank or government. Cryptocurrency CFDs allow investors to speculate on a change in price of a cryptocurrency such as Bitcoin or Ethereum. They have experienced significant price volatility which, in combination with leverage, places you at risk of suffering significant losses and potentially losing more than you have invested. You should be aware of the risks involved and fully consider whether investing in cryptocurrency CFDs is appropriate for you.

  • 2: What are the risks?

    Cryptocurrency CFDs are an extremely high-risk, speculative investment. The risks involve:

    • Price volatility: The value of cryptocurrencies, and therefore the value of CFDs linked to them, is extremely volatile. They are vulnerable to sharp changes in price due to unexpected events or changes in market sentiment.
    • Leverage: Leverage multiplies your losses and potential profits, and can have a significant impact on fees. It also places you at risk of losing more than your initial investment.
    • Costs: Costs tend to be higher than for our other CFD products. These include the spread (the difference between the prices at which we offer to buy or sell a CFD position) and funding charges.
    • Price transparency: When compared with currencies, there can be more significant variations in the pricing of cryptocurrencies used to determine the value of your CFD position.
  • 3: Is it required for one to have a crypto wallet in order to trade cryptocurrencies?

    No, with DF Markets you are trading CFDs (Contracts for Difference) on cryptocurrencies, and your result is formed by the change in prices. You never own actual cryptocurrencies, hence you don’t need a wallet.

  • 4: How is Bitcoin different from Ether?

    The start of cryptocurrencies was established by bitcoin and its blockchain concept in 2009. It is used mainly as a currency, with 16.7 million units in circulation at the moment and a market cap close to $200 billion*. Its structure allows a finite amount of 21 million bitcoins to exist, so once all of the units have been mined, inflation in the system would be theoretically impossible.

    Ether emerged in 2015 as a cryptocurrency, based on the platform for decentralised applications called Ethereum. While bitcoin has an upper limit of supply, there can be unlimited amount of ethers, so it is susceptible to inflation. As of now, there are 96 million ether units with a market cap of around $49 billion.

    * December 2017, Coinmarketcap.com

  • 5: Why exactly Bitcoin and Ether?

    Today bitcoin and ether are the two most popular cryptocurrencies. Bitcoin laid the foundations of crypto's and its market capitalisation represents more than half of the volume of all cryptocurrency transactions. The Ethereum platform is seen as attractive because of its potential versatile applications. Bitcoin and Ether together represent about 2/3 of the total crypto market cap.

  • 6: Can I “short” cryptocurrencies?

    Yes, with DF Markets you can go short (i.e. sell) on these cryptocurrencies.

  • 7: Can I use Stops and Limits?

    Yes. Not only that, but you should. Stops and limits allow you to manage your risk and also semi-automate your trading process, so you don’t have to monitor your positions 24/7. With DF Markets, alongside the stops and limits, you have at your disposal quite a few other special order types, such as Conditional, OCO (One Cancels the Other) and GAT (Good After Time) orders that you may find useful.

  • 8: What are your conditions for trading cryptocurrencies?

    We offer cryptocurrency CFD trading with no commissions and competitive target spreads. In the full list of our cryptocurrency CFDs you can check their trading hours, individual margin levels and allowed position sizes.

  • 9: An example of cryptocurrency CFD trading

    Let’s say you think the price Ether USD will increase and you want to make profit from its movement; so you buy 10 units of Ether USD. At that moment the price of Ether USD is $500 for 1 CFD.

    The margin for both Bitcoin USD and Ether USD is 50%. This means you have to pay 50% of the price for your $5000 (10 x $500) deal. 50% x $5000 = $2500 – this is what you would pay for 10 CFDs on Ether USD.

    If your predictions turned out right and the price of Ether USD indeed rose, let’s say, $10 to $510, you would make profit as you close your positions. Your profit would be $100 (10 x $10).

    If Ether USD dropped $10 instead, you would suffer a $100 loss (10 x $10).

    Please note that the quotes of financial instruments displayed in this example are indicative only and may not reflect the current market rates.