Tell us about yourself
The ultimate trading experience: Buy & Sell Crypto CFDs with a regulated broker.
Seize opportunities in the volatile crypto markets - The action is here, 24/7.
You can apply the following to your crypto CFD trading:
Supercharge your invested capital with leverage up to 100:1.
Go long or short on top cryptocurrency CFDs.
Crypto never sleeps. Major cryptocurrency markets accessible to you 24/7.
We are a licensed securities broker, license number SD073.
More than 5700+ instruments to trade in the Equity, Commodity and Currency markets.
Support in 10 languages.
Explore the most common questions asked by our users
Cryptocurrency is a form of digital asset which has dramatically changed the face of finance. Cryptocurrency functions as more than just a method of payment for goods like traditional currency, but also as a speculative or investment asset.
In order to buy cryptocurrency, you must find a broker or crypto exchange which facilitates the buying and selling of cryptocurrencies. However, buying and holding cryptocurrency coins is not the only way to gain exposure to these digital assets.
With a Trade.MT5 account from Admirals, you can trade Contracts for Difference (CFDs) on over 20 cryptocurrencies. CFDs allow you to go both long and short whilst never actually taking ownership of the underlying cryptocurrency.
A notable benefit of trading cryptocurrency using CFDs is that it does not expose traders to several risks associated specifically with buying and holding tokens in a crypto wallet. Crypto wallets can only be accessed with a unique set of private keys, meaning that if the owner forgets or loses this information, they will lose access to their tokens.
Furthermore, wallet services – which fall outside of government regulation in many countries – have been targeted in the past by scammers and hackers. Indeed, there have been several high-profile cases of wallet services being hacked and users consequently losing their tokens.
A CFD (Contract for Difference) is a derivative of a financial product or a commodity price and is used for trading.
CFDs enable you to speculate on financial markets such as forex, indices, commodities, shares and cryptocurrencies without having to take ownership of the underlying assets.
Leverage is a trading mechanism to increase individual exposure to the market by allowing you to pay less than the full amount of the investment.
It is a perfect way of maximising profits by increasing purchasing ability, however it also comes with risks (as with anything in trading).
When trading crypto CFDs, you are not buying the underlying asset and therefor do not own the actual crypto asset - you are instead initiating a Buy or Sell contract on the current asset price.
Whilst traders may choose to use crypto CFDs to invest in cryptocurrency, CFDs, as an instrument, are better suited to short-term trading.
This is largely due to the ability to go both long and short, which allows traders to attempt to capture a wider range of opportunities presented by the extensive price movements of this volatile asset class. Whilst this volatility can expand trading opportunities, it is also accompanied by increased risk.
There are many different cryptocurrencies, from coins worth tens of thousands like Bitcoin, or lesser-known coins which cost just a few cents each. There are coins for every kind of risk appetite and budget, so we recommend learning about cryptocurrency to find the right coins for you.
Cryptocurrencies are generally considered to be a form of digital asset. When sold with a profit, such capital gains are generally subject to personal income tax, whereas if the digital asset is sold at a loss, such loss is not tax-deductible.
In contrast, Admirals Crypto CFDs are financial instruments, same like stocks or fund shares. Profits and losses in financial instruments can be counted against each other, thus making Crypto CFDs a tax efficient way to maintain exposure to underlying cryptocurrency markets.
No. You only need a funded trading account with Admirals to start trading CFDs and settle accrued profits or losses.
Review the Contract Specifications page for full details.
Cryptocurrency, often referred to simply as crypto, is typically a decentralised digital currency, which is secured by cryptography and based on blockchain technology. Unlike paper currencies, cryptocurrency does not exist in physical form, is not controlled by governments or any other central authority, and is issued by the private sector.
However, although not being directly controlled by a central authority, as its popularity increases, cryptocurrency is facing greater scrutiny and increased regulation from governments around the world.
Despite being relatively unheard of ten years ago, cryptocurrency has attracted significant global attention in recent years and even became legal tender in El Salvador in September 2021.
Bitcoin, which was launched in 2008, was the first cryptocurrency, and it remains the most well-known and largest by market capitalisation.
When people think about cryptocurrency, they usually think of Bitcoin, so much so that, to many, the terms Bitcoin and crypto are synonymous. However, this is not the case.
Whilst Bitcoin may be the most popular type of cryptocurrency, it is certainly not the only one, and traders should avoid making the mistake that Bitcoin and crypto are one and the same. Other popular types of crypto include Ethereum, XRP, Cardano and Dogecoin.
For those interested in trading crypto, the most intuitive thing may seem to simply buy and hold crypto, potentially selling it for a profit in the future if its value rises. However, by trading crypto in this manner, you can only potentially profit from rising prices. Furthermore, when buying crypto coins, you need to factor in crypto exchange fees.
However, trading crypto CFDs allows traders to attempt to profit from both rising and falling cryptocurrency prices which, given the historic volatility of crypto, provides many more trading opportunities. Nevertheless, it is important to bear in mind that, as well as increased trading opportunities, volatility brings a significant increase in risk.
By trading crypto CFDs, traders never actually own the underlying cryptocurrency and trades are usually executed instantaneously at the market value. Moreover, trading crypto using CFDs means traders benefit from the use of leverage, which can magnify potential profits. However, leverage must be used with caution, as it will also magnify losses when the market moves against you.
Many brokers don’t charge commission fees for trading crypto CFDs. However, traders will need to consider the spread and, if they want to maintain a position over night, they will be charged swap fees.
Traders also need to consider and be aware of potential tax on cryptocurrency.
As with the majority of assets, any profits made from trading crypto may be liable to capital gains tax, regardless of whether you trade using crypto CFDs or buy cryptocurrency and then sell it for a profit - although some tax authorities may allow you to deduct your losses from capital gains.
In order to ensure you understand and comply correctly with tax on cryptocurrency, it is important that you check the specific requirements with your local tax authority.
Cryptocurrency prices have a history of being particularly volatile in comparison with other assets. When it comes to trading, volatility is very much a double-edged sword.
The presence of increased volatility provides traders with many more opportunities to potentially profit from going both long and short, with some traders thriving in volatile market conditions.
However, increased volatility also significantly increases the risks associated with trading. Therefore, for those trading crypto, it is especially important to develop and implement a sound risk management strategy.