Bitcoin Trading with TradeDirect365​

 

Trade the price movement of the world’s largest cryptocurrency – Bitcoin – using CFDs
and take advantage of price volatility without owning any Bitcoin.

 

Advantages of Trading Bitcoin with TD365

  • Low-Cost Bitcoin Trading

    TD365 is one of Australia’s best value CFD brokers, offering transparent trading costs through fixed spreads and low (or no) commission charges.

  • Tight Spread Costs

    Trade Bitcoin with a fixed 70pt spread 24/5 with one of Australia’s best value CFD providers – this spread is fixed throughout the day.

  • No Commission Fees

    We do not charge commissions on Bitcoin trades.

  • Trade on Desktop, Mobile, Tablet

    Trade on the go anytime, anywhere in the world with our innovative CloudTrade trading App.

  • Go Long or Short on Bitcoin

    Speculate on the price movement of Bitcoin by buying it (going ‘long’) and/or selling it (going ‘short’).

  • We are ASIC-Regulated

    TD365 is a trading name of Finsa Pty Limited (AFSL No. 422661).

TD365 Cryptocurrency Market Information

 

Cryptocurrency
Spread
Spread Type
Margin Factor
Trading Hours (AEST)
Bitcoin ($) 70 Fixed 40% 07:05 Mon to 06:45 Sat
Ethereum 8 Fixed 40% 07:05 Mon to 06:45 Sat
Ripple 1 Fixed 40% 07:05 Mon to 06:45 Sat

 

More Market Information >>

What is Bitcoin?

Bitcoin is a cryptocurrency or digital currency, designed to act as a means of exchange. The Bitcoin transaction process is conducted via online peer-to-peer technology using cryptography and is managed by dedicated Bitcoin servers. Each time the servers communicate, they update and share information about the number of Bitcoins that each user owns. Bitcoin was invented by Satoshi Nakamoto in 2009 and is the largest cryptocurrency in the world.

Why Trade Bitcoin via a CFD Trading Platform?

Go LONG and SHORT

If you trade Bitcoin via CFDs, you can trade on falling prices (“going short”) as well as rising prices (“going long”). This is one of the major advantages of CFD trading – you are merely speculating on the price movement of a financial market without having to buy the physical asset.

Example: you believe that the price of Bitcoin will decline so you open a SELL trade. If the value of Bitcoin does go down, you will make a profit for every point that Bitcoin decreases in value. However, if you speculate incorrectly and the price of Bitcoin increases, then you will make a loss for every point that the price increases.

Leverage

Bitcoin CFD trading is a leveraged product which means you only need to stump up a small amount of trading funds in order to open significantly larger trade sizes. For example, if you wanted to buy 1 Bitcoin you’d need c., $10,000 to cover the cost of purchasing the physical asset, however if you wanted to trade 1 Bitcoin via a CFD product, you’d only need to deposit a fraction of the total value into your trading account to open the trade. With TD365, you need 40% of a crypto’s full value.

Ownership (Lack of)

Trading Bitcoin via a CFD trading platform means you are simply speculating on the price movement of Bitcoin, rather than purchasing Bitcoin itself. As you do not own the asset you don’t have to worry about ownership costs, trying to sell the Bitcoin etc.

Tradedirect365 Trading App

How To Find The Best Bitcoin Trading Platform

With so many Bitcoin exchanges, brokers and trading platforms to choose from, it can be difficult for beginners (or even experts) to know which option will work best. Here a couple of important factors to consider before deciding who to open a Bitcoin CFD trading account with;

Trading Costs

Trading Bitcoin and other financial instruments’ costs money. There is the spread cost, potential commission charges, overnight financing costs, exchange fees etc. You must consider all these trading costs before opening an account with a broker as no two-broker’s charge the same amount.

TradeDirect365 is one of Australia’s lowest-cost CFD providers and we believe that lower trading costs = better returns to clients (all else being equal) so please only trade with a broker that charges fairly and is fully transparent with its charges.

Regulation

Always use a regulated CFD broker (like ASIC or the FCA) as this regulatory body has rules and regulations in place that protect the integrity of the market, as well as the interest of traders and investors. Never use an unregulated broker to make your trades – the risks are severe if you do.

Available Markets

If you want to trade Bitcoin or other cryptocurrencies, then please ensure your broker of choice has them available on their trading platform as not all brokers offer Bitcoin. TradeDirect365 has Bitcoin on its platform! 

Customer Support

As a CFD trader, you’ll want to be able to speak with a real customer support person if required and/or have quick responses to your emails or live chat. The ability to answer your questions and the professionalism of their staff can be very telling about a CFD broker.

The Trading Platform

There is a fair few trading platforms available so please ensure you like one before you commit to it. At TradeDirect365, we like to keep our trading platform simple and easy-to-use, but many other brokers prefer theirs clunky and complicated (in our opinion!) – the choice is up to you.

Want To Learn More About Online CFD Trading?

Check out our Secrets of CFD Trading section which includes a range of educational articles, including;