BITCOIN TRADING
EVERYTHING YOU NEED TO KNOW ABOUT TRADING BITCOIN CFDs THE easyMarkets WAY
What is Bitcoin (BTC)
This highly recognised currency was the first cryptocurrency to exist.
It is managed to ensure a limited supply of Bitcoin is produced, with a maximum quantity of 21 million Bitcoin units ever to be in circulation. With such a limited supply, it is easy to see why its value has skyrocketed to make it the highest value coin available.
When it was introduced, the price of 1 Bitcoin was less than 1 cent. Its current value is just over $9,000 USD per coin (as at May 2018), and it's easy to see why this coin has made so many millionaires.
Traders can trade Bitcoin with easyMarkets in CFD assets. Our platform allows you to trade this popular currency against the greenback all day every day.
Bitcoin is recognised among currency traders who's volatile nature makes it ideal for CFD short term trading.
What is the difference between trading Bitcoin CFDs and buying Bitcoin?
There are two main ways to trade Bitcoin:
- Using traditional exchanges, you can buy Bitcoin in the hope of selling it at a profit. Depositing into exchanges is notoriously difficult with deposit methods being difficult and cumbersome. The buying process is also complex, requires you to buy an actual Bitcoin at market value, and you only make a profit when you sell and someone else buys your coin from you. In a falling market, this strategy may fail if you can't sell your coins.
- Trading with easyMarkets CFDs allows you to purchase a Bitcoin market position at market value, without actually owning the coin. Instead of having to sell your coin to make a profit, you can simply close your position effective immediately. A buyer of your coin is not required, and you can walk away with your profits in seconds, rather than waiting for a buyer to purchase.
How leveraged Bitcoin trading works
Bitcoin contracts for difference (CFDs) give you access to the Bitcoin market price without you having to purchase any Bitcoin. This trading method provides an alternative way of trading because you don’t hold any actual bitcoins and also means you don’t need to use a wallet to store them.
Bitcoin is mostly quoted against the USD, so when you buy Bitcoin on an exchange, you are selling USD and buying Bitcoin. If the Bitcoin price rises, you could sell it for a profit, hoever if Bitcoin’s price falls, then you end up making a loss on the trade.
When you trade Bitcoin with easyMarkets CFD's, instead of taking ownership of Bitcoin, you’re opening a position that can increase in value as Bitcoin’s price increases against the USD.
You can use CFD's to open short and long positions, to take advantage of rising or falling markets. Bitcoin can be traded on our easyMarkets trading platforms, as well as on Metatrader 4 (MT4).
Cryptocurrency Trading Plaform
The importance of Bitcoin scarcity
Bitcoin is a scarce asset, because there is a maximum number of coins which can ever be created. For this reason it is often compared to gold, which also gains much of its value from its scarcity. At the moment (March 2018) something like 6000 new coins are generated each day through mining. The last Bitcoin is scheduled to be mined in the year 2140, one hundred and twenty years from now.
As time passes, the ability to mine Bitcoins will decrease, eventually approaching zero as the 21 million coin cap is reached. Because some coins have been and will be lost due to people forgetting wallet passwords, failing to pass on wallets in their will, or abandoning almost empty wallets, the currency will become deflationary – meaning its value will tend to rise against commodities and other currencies if everything else remains equal.
Now could be a good time to take advantage of this, because at current prices, Bitcoin is sitting very low compared to it's all time high of USD$20,000 in January 2018.
Live Bitcoin Price Chart
Why trade Bitcoin with easyMarkets?
Trade Long Or Short Positions
Unlike other cryptocurrency exchanges, you can make money in both a falling and rising market by trading cryptocurrency CFDs.
Dont' Lose A Trade?
easyMarkets pioneered dealCancellation, where you can cancel any losing trade within the first hour and recover all your losses.
Segregated Funds
To protect client deposits, all client funds are separate to easyMarkets company funds and are not available to be used for easyMarkets operating purposes.
Capital Adequacy
We maintain sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses.
No Wallets Needed
Unlike cryptocurrency exchanges that have a history of being hacked, your funds are safe in our accounts with no complicated wallet storage procedures or risk of being hacked.
Deposit & Withdrawals
An online cashier to make account funding easy, straight forward and without complicated procedures.
Regulation and Security
easyMarkets is regulated by both ASIC and CySEC. We offer our clients negative balance protection and their funds are held in segregated accounts.
Top Tier Banks
Your funds remain safe and secure in top tier, low credit risk, global banks. Only you can access your funds.
Unique risk management with easyMarkets
Negative Balance Protection
No matter what happens during a trade you can rest assured that your account balance will never go below zero.
Free Guaranteed Stop Loss
Set the lowest price that you are comfortable with and set stop-loss to close your deal when it is reached. A great risk management tool, offered to you at no additional charge.
Fixed Spreads
Many brokers adjust their spreads depending on how active the markets are. easyMarkets offers fixed spreads so you know exactly what you will pay when you trade.
dealCancellation*
easyMarkets allows you to cancel a losing trading within a specific period of time for a small fee. Think of it as insurance for your trade, if you are unsure of its outcome.
ASIC Regulated
easyMarkets is regulated in the Asian Pacific region by ASIC
Open A Trading Account Now
There's no minimum balance to open an account, it takes minutes to create, and there's no obligation to fund or trade. Open an account to experience our platform and trading features.
easyMarkets Bitcoin Trading
easyMarkets opened up forex trading to the retail market making it accessible to anyone with an internet connection. Now they’re doing it again by simplifying Bitcoin trading so you can access the most exciting asset in the market today.
24/5 Support
Our team is ready to answer your questions and help you get started.
Safety
Since 2001, trader safety has been at the core of everything we do.
Trade Anywhere
Trade on mobile, tablet or PC with superior platform execution.
Market Insights
Our market experts will help you understand this new & exciting asset.
Trade Cryptocurrencies Multiple Ways
easyMarkets Platform
Our web trading platform features fixed spreads, zero slippage and an extremely user-friendly interface. New traders will find it easy to navigate and experienced clients will find all the tools they need.
Android or iOS
Access markets anywhere with an internet connect on any Android and iOS device. It features the same great tools and usability as our web platform with the option to set up price notifications when the app isn’t open, so you are never caught by surprise.
easyMarkets MT4
MT4 offers analysis and automated trading tools like chart overlays, price alerts and EAs. Now you can combine easyMarkets trading conditions – like fixed spreads – with the tools available on MT4.
Frequently Asked Questions
Not at all. With easyMarkets you are simply speculating on the price movement of Bitcoin ($). You never actually need to purchase any Bitcoin, which means you're never exposed to your Bitcoin being stolen or hacked from within an unregulated exchange.
There are many factors that determine safety when trading and we try our best to support a safe trading environment. We can confirm that your capital wont be stolen or hacked such as cases with unregulated exchanges that have been hacked and Bitcoin stolen. When trading with easyMarkets, your funds are held in segregated accounts separate to company funds that only you can access.
Yes. We offer Bitcoin trading across all our platforms as well as MT4.
Open A Trading Account Now
There's no minimum balance to open an account, it takes minutes to create, and there's no obligation to fund or trade. Open an account to experience our platform and trading features.
What our Traders say about us
Offering our clients an exceptional customer experience since 2003
Reviews on
Best APAC Region Broker 2018
ADVFN International Financial Awards
easyMarkets is honored to be the recipient of the panel judged
ADVFN Best APAC Broker award
Australian Regulated
AFSL 246566
easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. We recommends that you read the Regulation Page, The Product Disclosure Statement, the Terms and Conditions and the Financial Services Guide before making any decision concerning easyMarkets products.
2018 © easyMarkets Pty Ltd (formerly known as easy forex Pty Ltd) ABN 73 107 184 510 and is regulated by the Australian Securities and Investments Commission (ASIC). Australian Financial Service (AFS) License No. 246566.
easyMarkets Pty is part of Blue Capital Markets Group (Blue Capital Markets Ltd is not regulated by the AFSL and ASIC).
