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Investment > Choosing Cryptocurrency

Go short as well as long

Take a position on bitcoin whether you expect it to rise or fall in value

No exchange account

We source our prices from multiple exchanges on your behalf

Pay no tax

Spread bet on bitcoin and pay zero tax on your profits

Access more volatility

Take advantage of opportunities in bitcoin when other markets are flat

Benefits of trading bitcoin

How bitcoin trading works?

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 Elegance, 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.

We offer two forms of leveraged bitcoin trading: CFDs and spread bets. You can use both to open short positions as well as long: so if bitcoin's price drops, your position increases in value. Our spreads start at just 15 points. Bitcoin can be traded on all our trading platforms

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