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