6 min read 

Cryptocurrencies have lately been on fire. Bitcoin is up a staggering 617% this year alone. Other sector leaders like Ethereum and Ripple have put on strong performances too, up more than 2,900% and 1,000% respectively in 2017. The market capitalization of all cryptocurrencies has just recently topped the $200 billion mark. Unsurprisingly, traders are making money from the strong volatility and powerful trends of cryptocurrencies. CFDs allow to leverage profits on the large movements of cryptocurrencies, both on the long and short side, in full flexibility.

 Wide choice of cryptocurrencies on IQ Option trading platform
Wide choice of cryptocurrencies on IQ Option trading platform

IQ Option stands as a global leader in cryptocurrency trading. The award-winning IQ Option interface has been repeatedly recognised as a user-friendly, intuitive and sophisticated platform for beginner and advanced traders alike. Moreover, IQ Option offers the widest range of trading indicators and instruments to help you trade, analyse and manage your cryptocurrency investments to get the best results.

How to Buy & Sell cryptocurrencies

You can trade on crypto CFDs to buy or sell crypto currencies through IQ Option platform. When you do this you simply aim to profit from the upwards or downwards movement of the instrument, usually with a long-term point of view. The advantages of this choice is that there is no leverage, so the profits on your account will correspond exactly to the changes in value of the crypto currency or cryptocurrencies you have invested in. Also, you will be able to manage your risks better without the use of leverage.

How to trade Bitcoin and Other Cryptocurrencies

  • Choose what cryptocurrency you want to buy/sell by clicking the “Open new asset” button (the “+” at the top of the screen) in your trade room.
  • Choose the the dollar value of cryptocurrency you want to buy/sell from the “Amount” window on the right of the screen.
  • Click the Buy (green button) or Sell (red button) on the right of the screen to enter your position:

IQ Option trading platform

You can then monitor it in real-time, entering take profit/stop loss orders depending on your trading strategy and preferences. IQ Option currently offers a very wide range of crypto currencies you can buy, including Bitcoin,  Bitcoin Cash, Ethereum, Dash, Ripple and 8 others. We plan to add many more in the near future  to diversify your portfolio and offer more opportunities in this sector.

Deposit money to your IQ Option account:

  • Click the “Deposit” button at the top-right corner of the screen;
  • Choose the desired payment method:
  • Note that you can replenish your account using not only fiat currencies but also Bitcoins.
  • Do not forget to check the 3D-Secure box in case you want to withdraw cryptocurrencies later on.

In order to withdraw money from your IQ Option account simply do the following:

  • Click on the top right dropdown menu and choose “Withdraw Funds”:

Withdraw funds from IQ Option

  • You will then reach a page where you can select how to withdraw your funds, including credit card, debit card and wire transfer to your account.

Withdrawal

How to Withdraw Bitcoin

You can now withdraw Bitcoin directly from the IQ Option platform (in case you have activated 3D-Secure when charging your account). The process is very straightforward.

  • Buy Bitcoin through the Cryptocurrency option of the IQ Option trading platform:

  • Open your portfolio on the left panel of your trade room and locate the Bitcoin open position. Click on it to see the details of the trade:

  • Choose the withdrawal icon at the bottom of the details list and click on it:

Withdraw BTC

  • Now enter your Bitcoin wallet address and place a withdrawal request.

Once your withdrawal has been approved, you will receive the Bitcoin position you held directly in your wallet, according to the Bitcoin exchange rate at the time of the order placement.

For any questions on trading cryptocurrencies, OTN tokens and Bitcoin withdrawals please contact the IQ Option team at support@iqoption.com. You can also reach us by phone 24/7. We look forward to helping you get the most out of IQ Option!

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NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future

GENERAL RISK WARNING

The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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