IQ Option’s Bitcoin

Bitcoin (CFD) is available on the IQ Option platform for a while now. Today, we are going to explain to you how to trade bitcoin on IQ Option. We will also cover, what trading conditions IQ Option traders have when trading BTC with this broker.

IQ Option’s Bitcoin

In order to trade Bitcoin with IQ Option, you first have to open an account. It can be either a demo or a real account, with both account types you have access to BTC along with several other cryptocurrencies that the broker features on the platform. A demo, as well as a real account, can be opened by using the following link which redirects you directly to the IQ Option crypto section.

How to trade Bitcoin on the IQ Option platform

At IQ Option, you can buy the Bitcoin as a CFD product. Here is a guide on how to do just that:

  • From the main menu choose trading Crypto (CFD) and as the currency of your choice pick Bitcoin

  • Decide how much money you want to invest in Bitcoin

  • Select whether the Bitcoin price will go up or down

 

Once you create your trade, you can monitor it in the tab “open positions”. Bitcoin is the most popular cryptocurrency on the IQ Option platform. However, other currencies have also great potential. IQ Option offers now the following 9 altcoins: Bitcoin Cash, Dash, Ethereum, Litecoin, OmiseGO, Qtum, TRON, Ripple, ZCash.

Bitcoin leverage on the IQ Option platform

The available leverage at IQ Option differs on whether you are based in a regulated or non-regulated country. The general rule of the thumb is that European traders can trade 1:2 leverage, while traders from other jurisdictions can trade with up to 1:50.

IQ Option Bitcoin Spreads and overnight fees

The spread changes on Bitcoin at IQ Option according to the current market conditions and the selected leverage. As of now (02.10.019) it hovers somewhere around 2.5% per BTC coin. The overnight fee is on buy position -0.065% and on sell position +0.015%. IQ Option updates these fees every Monday.

85% of retail CFD accounts lose money.

 

Michael
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10 Comments

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    hi, i am trading with iqoptions , but do not understand the difference if i trade wit or without CFD what is CFD please?

    • Michael

      Hello Sara, Please read article CFD trading to understand how this type of trading works. At IQ Option the only difference between tab cryptocurrencies and CFD is that with CFDs you can you use leverage while you trade. Apart from that, everything is the same.

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    Hello Michael…I’ve been trading binary & digital option and noticed that trading time is one minute..I have not seen the time limit for CFDs and Forex.Please enlighten me

    • Michael

      Hello Clifford,
      Binary and digital options always have an expiry time. When it is reached, the trade closes and evaluates. On the other hand, forex and other CFD trading instruments do not have an expiry time and you decide when you want the trade to close. I hope this is clear now. If not, don’t hesitate to ask anything.

  • Avatar

    i want to learn how to trade crypto,could you show me pls?

    • Michael

      Hello,
      Thank you for your message. That is what I try to do here on the web, please read all the crypto content that I have created to get some basic understanding of cryptocurrency trading. I would advise starting with this crypto guide for beginners. Best of luck!

  • Avatar

    Hello i would like to know if iqmining and iq options are the same

  • Avatar

    hello Michael,y is it that bitcoin has no time limit as others do, and is it that you cannot give a specific time to limit of which u expect ur trade to last?

    • Michael

      Hello Christian,
      Not sure if I understand your question correctly, but yes the cryptocurrency market is unlike other popular markets open 24/7.

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