| Visit IQ Option | Cryptocurrencies | Minimum Deposit | Minimum Trade | US Clients |
|---|---|---|---|---|
| IQ Option | Bitcoin Cash, Bitcoin, Dash, Ethereum, Ethereum Classic, Litecoin, Ripple, Stellar, OmiseGo, Zcash, Qtum, TRON and EOS Cryptocurrencies | $10 - $20 Minimum Deposit | $1 Minimum Trade | No US Clients |
IQ Option Offers Cryptocurrencies on its Platform
IQ Option provides a range of cryptocurrency CFDs on its platform, along with a Crypto Calendar. Cryptocurrencies are highly volatile.
What cryptocurrencies are available ?
IQ Option offers a range of cryptocurrency CFDs. These are Bitcoin Cash (BCH), Bitcoin (BTC), Dash (DSH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Ripple (XRP), Stellar (XLM), OmiseGo (OMG), Zcash (ZEC), Qtum (QTUM), EOS (EOS) and TRON (TRX).
What are Bitcoin Cash and Ethereum Classic ?
Bitcoin Cash is a fork of Bitcoin, creating a new cryptocurrency. Ethereum Classic is a continuation of the Ethereum blockchain from which Ethereum forked.
Can cryptocurrencies be traded at the weekend ?
The cryptocurrencies can now be traded at weekends.
What is the minimum deposit and minimum trade size ?
The minimum deposit is $10 and the minimum trade size is $1. When the amount to trade is chosen, the number of the cryptocurrency purchased is shown. So for a $1 purchase this can be a fractional amount in some cases.
Do cryptocurrency trades have a time limit ?
Cryptocurrency trades do not have a time limit. Trades can be ended by the trader on the platform or by setting 'Auto Closing'.
What is Auto Closing ?
This allows the trader to set as a percentage, a dollar amount or a price, where the trade is to be closed.
Does the trader own the cryptocurrency ?
The trader does not own the cryptocurrency (and hence no wallet is needed). These are trades using contracts for difference (CFDs) which are derivative contracts based on the price of the underlying cryptocurrency asset.
What platform are the cryptocurrencies traded on ?
Trading takes place on IQ Option's platform, which provides 100+ technical indicators. The platform lets multiple charts to be arranged in different ways, using the 'Chart Grids' icon. The charting allows the trader to zoom in and zoom out and focus on the current price and has preset time frames of 30 minutes, 1 hour, 3 hours, 12 hours, 1 day, 7 days and 30 days.
Cyrpto Calendar
On the trading platform is a Crypto Calendar, which is a crypto version of an Economic Calendar, with news about cryptocurrencies which the trader may find of interest.
Is there a bid/ask spread ?
There is a bid/ask spread so this difference must be made up for.
Commissions
IQ Option charges commissions on cryptocurrencies.
OTN Tokens
Each week, IQ Option distributes OTN Tokens to traders to have made one or more commission based cryptocurrency trades. These are converted by IQ Option to reduce commission charges.
Can IQ Option accept US clients ?
IQ Option cannot accept US clients.
Are cryptocurrency trades risk limited ?
The trader cannot lose more than the traded amount.
