This year, three lucky customers will be very glad they joined OANDA. In our sweepstake, three winners will be picked at random and awarded Bitcoin (BTC) to the value of $50,000, $25,000 and $10,000* respectively.
To be in with a chance, you just need an OANDA FX account and OANDA Crypto account, provided by Paxos**.
*View the full terms and conditions of this offer. Opt in required. Sign up by 21 June 2024, 12pm EDT. Only one entry per household.
**Paxos is a separate legal entity from OANDA. Customers apply for a Paxos crypto account through OANDA.
You can now buy and sell crypto with our powerful app or web platform. Here are some of the reasons why you should trade with us:
Through our partnership with Paxos, you can easily spot trade crypto on Paxos's itBit crypto exchange. Paxos’ itBit crypto exchange provides advanced supervision with oversight from the New York Department of Financial Services, deep liquidity, multilayered security, as well as maker rebates and low fees for a range of cryptocurrencies.
All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
Once you have a live account with OANDA, you can download the OANDA mobile app. If you’re logging in from your desktop, go to the OANDA account management website.
1) You’ll see a message that prompts you to open a crypto trading account with Paxos Trust Company, OANDA’s crypto trading services provider.
2) Next, your request will be reviewed by Paxos. This may take up to 15 minutes. Upon approval, tap complete application.
3) After you’ve deposited or transferred funds to your crypto account, you can start trading.
Open a Paxos account
Complete application
Fund and trade
Trade popular crypto including Bitcoin, Ethereum, or coins backed by real gold on our easy-to-use crypto trading platform that provides you with many benefits including low-cost account funding and low-level commissions, trading on a single platform, and being able to trade on the go.
Bitcoin and Bitcoin Cash
You can trade Bitcoin using our mobile app, with commissions as low as 0.25%, among some of the lowest levels in the industry.
Ethereum
Trade the increasingly popular cryptocurrency, Ethereum, against the US dollar, also with attractive spreads and low commissions.
Additional cryptocurrencies
You can also trade PAX Gold, Litecoin, Aave, Chainlink and Uniwap – all against the US dollar.
Looking for a powerful trading platform? We provide a state-of-the-art system that offer many benefits to traders, including
- Backing by a trustworthy and globally recognized broker
- Decades of experience
- Access to award-winning platforms
- Powerful, fast, and reliable tools and APIs
- Transparent pricing and transaction fees
**All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
There are many great reasons to use our app to trade crypto:
- User-friendly crypto trading app with charting and access to two-way streaming prices
- Easy, low-cost account funding and withdrawal
- Fund your crypto account in the same easy and low-cost way as your forex account
- Manage risk using limit and stop orders
All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.
Here are some of the key elements to know when you trade cryptocurrencies through our crypto trading platform.
Two partners
OANDA and Paxos have partnered to bring you a complete and trustworthy crypto trading solution. Everything is managed within your OANDA app or platform and crypto trading is conducted with Paxos’ itBit exchange.
Understand the risks
Cryptocurrencies generally have higher volatility^ than traditional currencies, meaning that markets can rise or fall suddenly for short or longer periods. This entails both a risk and an opportunity for traders. This rise and fall in value has many causes, including market news, government regulation announcements, and blockchain forks.
^Higher volatility means higher risk of loss
7-day trading
Crypto trading does not stop like traditional markets. Trade during normal trading hours and over the weekend with one of our world-class crypto brokers who can assist you with trading advice and market analysis. Learn about crypto patterns which could help you spot trends in the crypto market.
Discover which cryptocurrencies, trade and tick sizes are available on our crypto trading platform through our partner, Paxos.
| Token | Min Trade Size | Max Trade Size | Tick Size |
|---|---|---|---|
| Bitcoin | 0.0001 | 10 | 0.25 |
| Ethereum | 0.002 | 135 | 0.05 |
| Litecoin | 0.05 | 3759 | 0.01 |
| Bitcoin Cash | 0.02 | 1342 | 0.05 |
| PAX Gold | 0.002 | 211 | 0.01 |
| Chainlink | 0.4 | 33277 | 0.01 |
| Uniswap | 0.6 | 51480 | 0.01 |
| Aave | 0.04 | 2577 | 0.01 |
Only individuals who have live trading accounts with OANDA Corporation can opt to open a crypto trading account with our crypto services provider, Paxos Trust Company, which provides all crypto exchange and custody services for trading and holding cryptocurrencies. The activation of your crypto trading account is subject to approval by Paxos.
Corporate accounts, Individual Retirement Accounts (IRA), Eligible Contract Participant (ECP) accounts and Legal Entity accounts are not eligible at this time.
All eligible clients of OANDA Corporation can spot trade cryptocurrencies through our mobile platform. Currently, you cannot spot trade cryptocurrencies through our web, MT4 and third-party platforms.
To get started, activate your crypto account with Paxos from the HUB or our mobile platforms.
You can open only one crypto trading account.
Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ave, Chainlink, Uniswap and PAX Gold.
We support the following order types:
- Quick buy: This order type is similar to a market order, except that it is placed on the exchange as a limit order to reduce potential price slippage.
- Quick sell: This order type is the same as a market order.
- Buy limit: We allow you to place buy limit orders. Thus, you can place a buy limit order at a price lower or higher than the current market price. Your order will be executed at the specified price or better (lower than the specified price). A limit order will execute immediately if it matches up with an existing offsetting order(s) on the order book, or it will rest on the order book if it does not execute immediately.
- Sell limit: We allow you to place aggressive sell limit orders. Thus, you can place a sell limit order at a price higher or lower than the current market price. Your order will be executed at the specified price or better (higher than the specified price).
- Sell stop: You can place a sell stop order at a price lower than the current market price. A sell stop order is subject to slippage.
Note:
Any pending buy limit, sell limit or sell stop order will be executed even during maintenance hours.
Minimum and maximum order sizes depend on the cryptocurrency you want to trade.
On the OANDA mobile platform, the minimum and maximum order sizes are shown in the instrument information section as minimum volume and maximal volume respectively.
OANDA enables you to place crypto orders up to a maximum position size on a per symbol basis.
On the OANDA mobile platform, it is shown as Max Position Size in the instrument information section.
There is no spread markup or custody fee on crypto trades. A 0.25% fee, subject to a minimum fee of US$0.01, applies to all executed crypto orders.
The fee (in USD) is calculated as 0.25% * order quantity * fill price.
For more information, refer to our deposit and withdrawal guides.
For trading in spot cryptocurrencies, leverage is not available. You can only trade with the funds you have.
You can’t short sell crypto with OANDA.
Daily statements will be sent to your email address if there is any deposit or withdrawal on your Paxos crypto trading account, or if you have any holdings. You’ll also receive monthly statements.
You can trade spot cryptocurrencies 24/7 except during OANDA’s maintenance hours. For more information, refer to our hours of operation.
When you buy cryptocurrencies in the spot market you get immediate delivery. This means there is no financing cost.
A fork is when there is an update or change to the blockchain software, either in the form of a soft fork or hard fork. A soft fork refers to minor updates to the blockchain, while a hard fork results in a split in the blockchain network. The result of a fork is that a new second blockchain will be created on that forked blockchain.
An airdrop is a marketing event where, to promote a new digital currency, an issuer may send coins or tokens to wallet addresses of members of the blockchain community. This may be for free or in return for a small service.
All exchange and custody services for trading and holding cryptocurrencies are provided by Paxos, our crypto trading services provider. Paxos evaluates forks and airdrops on a case-by-case basis. Should such an event occur, Paxos shall have the sole discretion to take any action with or without any advance notice to you, notwithstanding that they are under no obligation to take such action.
With over 25 years of experience, OANDA offers leading tools, powerful crypto trading platforms and transparent pricing.
Globally recognized forex broker
We offer over 68 major and minor currency pairs, a user-friendly app and a range of trading platforms, including the OANDA Trade platform, MT4 and TradingView. Through our partnership with Paxos, you can also spot trade eight popular cryptocurrencies.
Depositing and withdrawing funds
It’s simple and straightforward to deposit and withdraw funds to and from your account.
Trading with OANDA
Our operation hours coincide with the global financial markets. Find out when you can trade with us.