If you’re looking to buy bitcoin, there are a few things you need to do first.
Check to see if your country is legal to buy bitcoin. Bitcoin is a digital asset and can be traded between different countries.
Some exchanges will only let you buy bitcoin if you have a bank account.
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You can also buy bitcoin through an online broker.
Some online brokers will allow you to buy bitcoin with a credit or debit card.
You can also buy bitcoin through an online exchange.
Some online exchanges will only let you buy bitcoin with a bank account.
You can also buy bitcoin through a peer-to-peer exchange.
Peer-to-peer exchanges are not regulated by the government and are not subject to the same rules as other exchanges.
Some online exchanges will let you buy the crypto coin with a credit or debit card, but they will also let you use a bank account to buy bitcoin.
How leveraged bitcoin trading works
Bitcoin contracts for difference (CFDs) give you exposure to the bitcoin price without having to actually purchase the underlying asset. This gives you additional confidence because you don’t hold any actual bitcoins, meaning you don’t need to use a wallet to store them.
Bitcoin is usually quoted against the US dollar — so when you buy bitcoin on an exchange, you are selling USD and buying bitcoin. If bitcoin’s price rises, then you can sell it for a profit because bitcoin is worth more USD than when you bought it. If bitcoin’s price falls, then you make a loss.
When you buy bitcoin with IG, you’re doing the same thing. But instead of taking ownership of bitcoin, you’re opening a position that will increase in value as bitcoin’s price increases against the dollar. If bitcoin’s price falls, then your position will lose value.
You can use CFDs to open short positions as well as long: so if bitcoin’s price drops, your position increases in value. Our spreads start at just 40 points. Bitcoin can be traded on all our trading platforms, including MT4. Bitcoin can be traded on all our trading platforms, including MT4.
