Trade popular cryptos with a user-friendly app

You can now trade a batch of popular cryptos on OANDA's mobile app or intuitive platform with powerful tools.

No mark-up on your crypto trades
Globally recognized forex broker
Excellent customer service
Excellent customer service
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OANDA and Paxos

Through OANDA's partnership with Paxos, you can spot trade cryptocurrencies on Paxos's itBit exchange through our OANDA platform. This means that everything is managed within your OANDA app and trading is conducted with Paxos.

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.

One

Open a Paxos account

Two

Complete application

Three

Fund and trade

Choose from a range of popular cryptocurrencies

Whether you want to trade Bitcoin, Ethereum or coins backed by real gold, you’ll enjoy low-cost account funding and low-level commissions.

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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.

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Ethereum

Trade the increasingly popular cryptocurrency, Ethereum, against the US dollar, also with attractive spreads and low commissions.

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Additional cryptocurrencies

You can also trade PAX Gold, Litecoin, Aave, Chainlink and Uniwap– all against the US dollar.

What is cryptocurrency trading?

Coins or tokens involve buying an amount, or fraction, of say, Bitcoin, and holding that investment, for example, in an account at a cryptocurrency exchange, with a cryptocurrency custodian, or in a digital wallet, until you want to sell.

  • Cryptocurrencies are traded against the US dollar
  • Through OANDA's partnership with Paxos, you can spot trade cryptocurrencies on Paxos's itBit exchange through our platform

**Please note that cryptocurrency traded with Paxos through the OANDA app are not held in a digital wallet.

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Trading crypto with the OANDA app

There are many benefits of using our app to trade cryptocurrencies:

  • User-friendly 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.

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Two partners

Everything is managed within your OANDA app. Trading is conducted with Paxos

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Understand the risks

Cryptocurrencies generally have higher volatility than traditional currencies^

^Higher volatility means higher risk of loss

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7-day trading

Trading during normal trading hours and over the weekend

Cryptocurrencies

Through our partner, Paxos, you have a range of tokens, and trade and tick sizes to choose from.

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

Frequently asked questions

Get intelligent support from real people.

Am I eligible to trade cryptocurrencies?

Only individual live trading accounts with OANDA Corporation can opt to open a crypto account with our crypto services provider, Paxos Trust Company, which provides all exchange and custody services for trading and holding cryptocurrencies. The activation of your crypto 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.

How can I trade spot cryptocurrencies through OANDA Corporation?

All eligible clients of OANDA Corporation can trade spot cryptocurrencies through our mobile platform. Currently, you cannot trade spot 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.

How many crypto trading accounts can I have?

You can open only one crypto account.

Which cryptocurrencies can I trade in?

Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ave, Chainlink, Uniswap and PAX Gold.

Which order types can I use for trading cryptocurrencies?

At this point, we are supporting 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.

What are the minimum and maximum order sizes?

Minimum and maximum order sizes depend on the instrument 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.

What is the maximum position size?

OANDA enables you to place 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.

What is the applicable pricing?

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.

How can I deposit to or withdraw from my Paxos crypto account?

At this time, you can’t directly deposit or withdraw funds from your Paxos crypto account. To fund your crypto account, you can transfer funds from your forex accounts. Similarly, to withdraw from your crypto account, you can transfer funds from your crypto account to your forex account.

Note: You can transfer or withdraw from your forex account only if the funds are fully settled. Instant ACH credits received in your forex account can’t be transferred to your crypto account.

For more information, refer to our deposit and withdrawal guides.

Is leverage trading available?

For trading in spot cryptocurrencies, leverage is not available. You can only trade with the funds you have.

Can I short sell?

You cannot short sell.

Where can I find my transaction or account statement?

Daily statements will be sent to your email address if there is any deposit or withdrawal on your Paxos crypto account, or if you have any holdings. You will also receive monthly statements.

What are the hours of operation?

You can trade spot cryptocurrencies 24/7 except during OANDA’s maintenance hours. For more information, refer to our website.

What is the financing cost?

When you buy cryptocurrencies in the spot market, you get immediate delivery. Hence, there is no financing cost.

What does a ‘fork’ mean in blockchain?

A fork is when there is an update or change to the blockchain software that results in a split in the blockchain network. The result of a fork is that a new second cryptocurrency will be created on that forked blockchain.

What is an ‘airdrop’?

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.

What does a ‘fork’ or ‘airdrop’ mean to me?

All exchange and custody services for trading and holding cryptocurrencies are provided by Paxos, our crypto 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.

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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.

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Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your account.

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Trading with OANDA

Our operation hours coincide with the global financial markets. Find out when you can trade with us.