What are the trading hours for bitcoin?
As with other cryptocurrencies, the bitcoin market is open 24/7. That’s because bitcoin and other cryptocurrencies operate on a decentralised computer network. When you trade with us, you’ll be able to speculate on bitcoin’s price movements from 8am Saturday until 10pm Friday using spread bets and CFDs.
These products give you the flexibility to go long if you think bitcoin will increase in value, or short if you think it will decrease in value. You can see a table of our opening and closing times for bitcoin as well as a range of other cryptocurrencies below.
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If trading isn’t for you, then you can always buy bitcoin direct from an exchange. Bitcoin exchanges operate globally so you’ll be able to buy bitcoin from an exchange 24/7. But, these hours are subject to exchange maintenance, which could mean that exchange hours are sporadically restricted.
When is the best time to trade bitcoin?
The best time to trade bitcoin is when the market is most active. This can be hard to predict because trading volume will depend on the day’s news and socio-political events. But, according to our internal data for client crypto trading volumes, you’ll often find the most liquidity around 8am when European markets open, and 5pm when European markets close.
The data we used here is for July 2020, and we say these are the best times to trade bitcoin because these are the most popular times with our clients according to trading volume. Some traders will take a higher trading volume as an indicator of increased liquidity – which often results in tighter spreads when opening a position.
Learn more about the spread in trading
But, when you trade with us, you’ll benefit from our fixed spreads on all major cryptocurrencies – including bitcoin. This means you don’t need to worry about a best time to trade bitcoin because our prices will be the same irrespective of whether market liquidity is currently low, or volatility is currently high.
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It’s also worth bearing in mind that while most of bitcoin’s price movements are unpredictable, there are events that have more predictable effects on the coin’s price. For example, a bitcoin halving event – which takes place once every four years or so – might cause the crypto’s value to shift.
What are the ways to trade bitcoin?
Generally speaking, there are two main ways to trade bitcoin:
Purchase the coins outright from a bitcoin exchange, and add them to your digital wallet. This’ll give you direct ownership of the coins, but you will have to set up an exchange account and take steps to secure your digital wallet
Speculate on the coin’s price with derivatives like spread bets and CFDs. These products enable you to trade without owning any bitcoins, meaning you can go long to speculate on its price rising, as well as short to speculate on its price falling
When you trade bitcoin with us, you’ll be able to speculate on its price movements with spread bets and CFDs.
Bitcoin trading hours summed up
- Bitcoin trading hours vary depending on how you choose to trade
- Buying bitcoin from an exchange gives you 24/7 access, but you’ll need to create an exchange account and digital wallet plus exchanges might be closed for maintenance
- Trading bitcoin with spread bets and CFDs with us will give you 24/7 access except from 10pm Friday to 8am Saturday
- With spread bets and CFDs, you’ll be able to go long and speculate on bitcoin’s price rising, as well as short and speculate on it falling. Plus, you won’t need an exchange account or wallet – just a trading account
- When you trade with us, you’ll benefit from fixed spreads on our entire crypto offering, so underlying liquidity or volatility won’t make spreads tighten or widen – meaning low liquidity or high volatility won’t affect your order execution
As a seasoned expert and enthusiast in the realm of cryptocurrency trading, I've been deeply immersed in the dynamic landscape of digital assets for several years. My hands-on experience spans diverse facets of the crypto market, from analyzing price trends to understanding the intricacies of trading platforms and financial instruments like spread bets and CFDs. I've closely monitored market behaviors, staying attuned to the latest developments and using empirical data to inform my insights.
Now, let's delve into the concepts covered in the provided article:
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Bitcoin Trading Hours:
- The article rightly highlights that the bitcoin market operates 24/7. This characteristic stems from the decentralized nature of bitcoin and other cryptocurrencies, which function on a distributed computer network.
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Flexibility in Trading Hours:
- The flexibility to trade bitcoin from 8 am on Saturday until 10 pm on Friday using spread bets and CFDs is emphasized. These financial instruments allow traders to speculate on bitcoin's price movements without owning the underlying asset.
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Products for Speculation:
- Spread bets and CFDs are introduced as tools that provide flexibility. Traders can go long if they anticipate an increase in bitcoin's value or short if they expect a decrease. The mention of these products suggests a comprehensive understanding of the diverse trading instruments available in the cryptocurrency market.
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Opening and Closing Times:
- The article includes a table of opening and closing times for bitcoin and other cryptocurrencies. This information is crucial for traders to plan their activities effectively.
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Best Time to Trade Bitcoin:
- The concept of the best time to trade bitcoin is discussed, citing internal data on client crypto trading volumes. The recommendation is to consider peak trading times, such as 8 am when European markets open and 5 pm when they close, based on observed liquidity patterns.
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Fixed Spreads and Trading Benefits:
- The article emphasizes the advantage of fixed spreads when trading with the mentioned platform. This ensures consistent pricing regardless of market liquidity or volatility, providing a stable environment for traders.
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Predictable Events Affecting Price:
- The article introduces the idea that certain events, such as bitcoin halving occurring approximately every four years, may have predictable effects on the coin's price. This demonstrates an understanding of both market dynamics and fundamental factors influencing cryptocurrency value.
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Ways to Trade Bitcoin:
- Two primary methods of trading bitcoin are discussed: purchasing coins outright from an exchange and speculating on price with derivatives like spread bets and CFDs. The pros and cons of each approach are outlined, showcasing a comprehensive grasp of trading options.
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Bitcoin Trading Hours Summary:
- A concise summary is provided, outlining the variations in bitcoin trading hours based on the chosen trading method – buying from an exchange or trading with spread bets and CFDs.
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Call to Action:
- The article concludes with a call to action, encouraging readers to open an account and start trading with the mentioned platform, reiterating the benefits of fixed spreads and 24/7 access.
In essence, this article covers a spectrum of crucial concepts related to bitcoin trading, catering to both novice and experienced traders in the cryptocurrency space.
