XM offers cryptocurrency FX trading, allowing traders to speculate on Bitcoin and other cryptocurrencies without actually owning them. The platform provides high leverage of up to 500x, negative balance protection (NBP) to prevent debt risk, and 24/7 trading availability. While there are advantages such as lower capital requirements and the ability to profit from price movements in both directions, the wide spreads and negative swaps make it less ideal for swing trading. XM does not support cryptocurrency deposits or withdrawals, but it offers trading on MT4 and MT5 across multiple account types, including Standard, Micro, and KIWAMI extreme accounts. A 100% deposit bonus and a no-deposit account opening bonus make it attractive for new traders looking to start cryptocurrency FX trading with minimal investment.

XM also offers Bitcoin and Cryptocurrency Trading

At FX broker XM (XMTrading), you can trade cryptocurrencies such as Bitcoin with an FX account.

With XM, you can start FX trading with a $0 USD account opening bonus, and also begin trading cryptocurrencies.

What is Cryptocurrency FX Trading with XM?

Trading Bitcoin and other cryptocurrencies at FX broker XM (XMTrading) is referred to as Cryptocurrency FX.

Trading or selling cryptocurrencies starts differently depending on the company, whether it’s a cryptocurrency exchange or involves physical or futures trading.

XM’s Cryptocurrency FX trading is the most convenient, easy, and affordable way to start trading cryptocurrencies like Bitcoin.

Pros and Cons of Starting Cryptocurrency Trading with XM

Here are the advantages and disadvantages of trading Bitcoin and other cryptocurrencies with XM (XMTrading).

• Leverage of 500x allows trading from a few USD of capital
• XM’s Cryptocurrency FX also supports NBP, so there’s no risk of debt
• Profit opportunities arise 24/7, whether prices rise or fall
• Wide spreads and negative swaps make it unsuitable for swing trading

XM’s Cryptocurrency FX was previously advantageous for swing trading when it was swap-free, but it has since become inconvenient for this style as the swap-free option was discontinued.

1. High Leverage of 500x in XM’s Cryptocurrency FX

The leverage for trading Bitcoin and other cryptocurrencies with FX broker XM (XMTrading) is up to 500x.

For example, if the price of Bitcoin is 100,000 USD per BTC, with XM’s 500x leverage, you can place an order with just a few USD of capital.

2. No Debt Risk with XM’s NBP-Supported Cryptocurrency FX

FX broker XM (XMTrading) supports NBP for trading both FX such as USDJPY and cryptocurrencies like Bitcoin.

XM’s Cryptocurrency FX offers the potential for significant gains due to its high leverage, but there’s also a high probability of losing more than the capital invested.

Because XM supports NBP, even if losses continue due to investments or speculation, traders will not end up in debt.

3. XM’s Cryptocurrency FX Trading Hours: 24/365

The trading hours for Bitcoin and other cryptocurrencies at FX broker XM (XMTrading) are 24/7, 365 days a year.

The cryptocurrency market is open at all times, including late nights on weekdays, Saturdays, and Sundays.

With XM’s Cryptocurrency FX, popular cryptocurrencies such as Bitcoin, Ethereum, and Ripple are tradable 24/7, 365 days a year.

Traders Wanting to Own Bitcoin and Other Cryptocurrencies

Cryptocurrency FX at FX broker XM (XMTrading) is a financial product that predicts price increases and decreases on charts, similar to FX.

You cannot actually purchase Bitcoin and use it for payments or transfer it to a Bitcoin wallet.

Traders who want to actually purchase and manage cryptocurrencies in a wallet for payments need to use cryptocurrency exchanges such as Bybit, Bitget, Zoomex, or MEXC for buying and selling.

XM’s XM Points (XMP) Are Not Tokens

Trading FX pairs like USDJPY or cryptocurrencies like Bitcoin at FX broker XM (XMTrading) earns you XM Points.

Official Site (xmtrading.com)

Comparison of Cryptocurrency FX Trading at XM and European Exchanges

Cryptocurrency FX trading at FX broker XM (XMTrading) and similar services offered by European cryptocurrency exchanges.

• GMO Coin – Cryptocurrency FX (Bitcoin FX)
• DMM Bitcoin – Leverage Trading
• bitFlyer Lightning (bitFlyer Crypto CFD/Margin Trading)
• Coincheck – Leverage Trading
• Binance ※ Not offered

Typically, leverage at general cryptocurrency exchanges is 2x.

The trading amount may be significantly higher than the margin you are required to deposit, resulting in losses that exceed the deposited margin.

XM’s 500x leverage offers higher leverage and NBP support (no additional margin calls), allowing for low-risk, high-return opportunities.

Trading Environment, Conditions, and Rules for Cryptocurrency FX at XM

Detailed explanation of the trading environment, conditions, and rules for Bitcoin and other cryptocurrencies at FX broker XM (XMTrading).

• Cryptocurrency Pairs
• Leverage
• Lot Numbers
• Trading Hours
• Trading Fees
• Spreads
• Swap Points
• Stop Out Level
• NBP Support

The latest trading environment, conditions, and rules for Cryptocurrency FX at XM can be checked on the “Cryptocurrencies” page of the official XM website (xmtrading.com).

Types of Cryptocurrencies Tradable at XM

At FX broker XM (XMTrading), not only can you trade Bitcoin in the BTCUSD pair, but also BTCEUR, BTCGBP, and other currency units.

Below are the types of cryptocurrencies tradable in Cryptocurrency FX at XM.

• 1inch Network/1INCH
• AAVE
• Cardano/ADA
• Algorand/ALGO
• ApeCoin/APE
• Aptos/APT
• Arbitrum/ARB
• Cosmos/ATOM
• Avalanche/AVAX
• Axie Infinity/AXS
• Basic Attention Token/BAT
• Bitcoin Cash/BCH
• Bitcoin/BTC
• Bitcoin Gold/BTG
• Chiliz/CHZ
• Compound/COMP
• Curve DAO Token/CRV
• DASH
• Dogecoin/DOGE
• Polkadot/DOT
• Elrond/EGLD
• Enjin Coin/ENJ
• EOS
• Ethereum Classic/ETC
• Ethereum/ETH
• Fetch.ai/FET
• Filecoin/FIL
• FLOW
• The Graph/GRT
• Internet Computer/ICP
• Immutable X/IMX
• Lido DAO/LDO
• Chainlink/LINK
• ‎Loopring/LRC
• Litecoin/LTC
• Decentraland/MANA
• Polygon/MATIC
• NEAR Protocol/NEAR
• OMG
• Optimism/OP
• The Sandbox/SAND
• Shiba Inu/SHIB
• SKALE Network/SKL
• Synthetix/SNX
• Solana/SOL
• Storj/STORJ
• Stacks/STX
• SushiSwap/SUSHI
• UMA
• Uniswap/UNI
• Stellar Lumens/XLM
• Ripple/XRP
• Tezos/XTZ
• Zcash/ZEC
• 0x Protocol/ZRX

Below are the cryptocurrency pairs tradable at XM.

• 1INCHUSD
• AAVEUSD
• ADAUSD
• ALGOUSD
• APEUSD
• APTUSD
• ARBUSD
• ATOMUSD
• AVAXUSD
• AXSUSD
• BATUSD
• BCHUSD
• BTCEUR
• BTCGBP
• BTCUSD
• BTGUSD
• CHZUSD
• COMPUSD
• CRVUSD
• DASHUSD
• DOGEUSD
• DOTUSD
• EGLDUSD
• ENJUSD
• EOSUSD
• ETCUSD
• ETHBTC
• ETHEUR
• ETHGBP
• ETHUSD
• FETUSD
• FILUSD
• FLOWUSD
• GRTUSD
• ICPUSD
• IMXUSD
• LDOUSD
• LINKUSD
• LRCUSD
• LTCUSD
• MANAUSD
• MATICUSD
• NEARUSD
• OMGUSD
• OPUSD
• SANDUSD
• SHIBUSD
• SKLUSD
• SNXUSD
• SOLUSD
• STORJUSD
• STXUSD
• SUSHIUSD
• UMAUSD
• UNIUSD
• XLMUSD
• XRPUSD
• XTZUSD
• ZECUSD
• ZRXUSD

XM’s trading environment and conditions for Cryptocurrency FX vary by cryptocurrency pair.

XM Does Not Yet Offer Trading in BTCJPY

At FX broker XM (XMTrading), while you can trade Bitcoin in BTCUSD, BTCEUR, and BTCGBP, BTCJPY is not yet available for trading.

Leverage for Each Cryptocurrency Pair at XM

The leverage for cryptocurrency FX trading at XM (XMTrading) varies by cryptocurrency pair.

You can check the specific leverage settings for each cryptocurrency pair on the “Cryptocurrencies” page of the official XM website (xmtrading.com).

Leverage Restrictions for Trading Bitcoin and Other Cryptocurrencies

While leverage of up to 500x is available for some cryptocurrency pairs at XM, leverage restrictions apply to others.

Number of Units Tradable at XM

The number of units that can be traded for each cryptocurrency pair at XM varies. This includes the minimum and maximum tradable amounts for each cryptocurrency.

XM’s Trading Hours for Cryptocurrencies

XM offers 24/7 trading for cryptocurrencies, making it possible to trade on your schedule, any time of the day or night. This flexibility is perfect for those who trade as a secondary job or who want to take advantage of international market movements outside of standard exchange hours.

Cryptocurrency Types Tradable at XM

Here is a list of cryptocurrencies that are tradable at XM:

XM’s Cryptocurrency FX Spreads

One disadvantage of XMTrading’s cryptocurrency FX, such as Bitcoin, is its wide spreads.

XM’s cryptocurrency FX spread refers to the price difference between the buy and sell orders.

Regardless of cryptocurrency, XM offers two prices for each asset: the buy (long) and the sell (short).

The narrower the spread (the difference between the buy and sell prices), the easier it is to profit.

Conversely, XM tends to have wider spreads compared to other FX brokers, making it harder to make a profit.

Relationship Between Buy (Bid) and Sell (Ask) Orders, and the Spread

For instance, if you anticipate that Bitcoin prices will rise and place a buy order with XM.

If your buy order for XM’s BTCUSD is executed at the displayed price, trading begins at the buy order price of $60,827.04.

1. Anticipate price increase
2. Place a buy order
3. Execute at the buy price
4. As expected, price increases
5. Sell price exceeds the buy order price
6. Profit is realized

You profit from the BTCUSD order when Bitcoin’s price rises above your buy order price of $60,827.04.

Currently, with a spread of $467.65, Bitcoin’s price needs to rise by more than $467.65 from its current level.

Similarly, if you anticipate that Bitcoin prices will drop and place a sell order with XM.

If your sell order for XM’s BTCUSD is executed at the displayed price, trading begins at the sell order price of $60,754.69.

1. Anticipate price decrease
2. Place a sell order
3. Execute at the sell price
4. As expected, price decreases
5. Buy price falls below the sell order price
6. Profit is realized

You profit from the BTCUSD order when Bitcoin’s price falls below your sell order price of $60,754.69.

Currently, with a spread of $467.65, Bitcoin’s price needs to drop by more than $467.65 from its current level.

Cryptocurrencies like Bitcoin can move by $1,000 (about $1,500 USD) within minutes, so although XM’s spread is wider compared to other FX brokers, it is not at a level that makes trading impossible.

XM’s Cryptocurrency FX and Swap-Free Options

XMTrading’s cryptocurrency FX, including Bitcoin, was previously swap-free.

Settle Same-Day in XM’s Cryptocurrency FX due to Negative Swaps

XMTrading’s cryptocurrency FX swap points are primarily negative, meaning fees are incurred on unsettled positions.

Since XM’s cryptocurrency FX features negative swaps, fees are incurred on any unsettled positions.

When trading cryptocurrency FX with XM, aim for day trading before going to bed.

XM’s cryptocurrency FX does not have tight enough spreads to make quick profits in seconds or minutes, nor does it allow for “swap living” (swing trading), where you carry orders overnight and earn profits daily.

XM’s Cryptocurrency FX Has No Debt Risk

With XMTrading’s cryptocurrency FX, including Bitcoin, traders can never accrue debt, regardless of losses.

Moreover, XM offers a no-deposit bonus for account opening that allows you to start trading cryptocurrency FX without your own capital. When you deposit your own funds, they are doubled with a 100% deposit bonus, and each transaction earns XM points, making account opening, depositing, and trading all more beneficial.

• Account Opening Bonus 100 USD
• 100% Deposit Bonus + 20% Bonus
• XM Points (Loyalty Points)
• Account Opening Cashback 50 USD

XM’s luxurious bonuses are also available for cryptocurrency FX.

Trying Bitcoin Trading at XM’s Cryptocurrency FX

With XMTrading’s cryptocurrency FX, including Bitcoin, you can start trading within minutes of opening an account.

1. Open an account with XM
2. Complete personal identification
3. Receive account opening bonus
4. Place orders starting from 0.1 lots
5. See the profit and loss from price movements in real time
6. Settle and confirm the profit and loss

XM has also introduced a system called “Quick Account,” where a recommended FX account is opened instantly when you register on the account opening page.

1. Open an Account with XM

The first step in starting to trade cryptocurrency FX with XMTrading is to open an account.

At XM, the moment you register your email address on the account opening page (xmtrading.com/register), the recommended FX account above is opened instantly.

Open an Account (Free) Here

Leverage Settings at Account Opening and Cryptocurrency Leverage Are Different at XM

The leverage setting in a trading account at XMTrading has no bearing on the leverage used in cryptocurrency FX.

Here are the leverages available for each asset type at XM.

The setting leverage at account opening at XM affects almost all FX currency pairs and gold (gold), silver (silver) assets.

2. Complete Personal Identification at XM

To trade cryptocurrency FX with XMTrading, you must submit a driver’s license or other documents to complete personal identification.

Proceed with Personal Identification Here

3. Receive a No-Deposit Account Opening Bonus for Free Cryptocurrency FX Trading at XM

Even if you open an account with XMTrading for the purpose of starting to trade cryptocurrency FX, you can still receive an account opening bonus.

You can receive your XM account opening bonus by submitting an application on your My Page (my.xmtrading.com).

Get the Account Opening Bonus Here

4. Order Bitcoin (BTCUSD) at XM

Once you have received the account opening bonus at XM, you can start trading cryptocurrency FX immediately.

When you first open an account with XM, the trading platform for the FX account created is MT5 (MetaTrader 5).

Free Download of MT5 Here

If you want to trade cryptocurrency FX with another account type such as a Micro account or KIWAMI extreme account, or with MT4 (MetaTrader 4) at XM, you can proceed to open an additional account from here.

Open an Additional Account Here

Checkpoints When Ordering Cryptocurrency FX at XM

When ordering cryptocurrency FX at XMTrading, be mindful of the margin calculation.

How to Calculate the Required Margin for XM’s Cryptocurrency FX

If you order Bitcoin using only the account opening bonus at XM, it is recommended to order about 0.1 lots or less.

Please note that the number of coins per lot varies depending on the latest Bitcoin price and the asset type.

Check the Conditions for Each Cryptocurrency Here

Required Margin When Hedging in XM’s Cryptocurrency FX

XMTrading’s cryptocurrency FX allows for scalping, hedging, EA (Expert Advisor), and trading signals for automated trading.

Normally, when hedging in FX, both “buy order margin” and “sell order margin” are required, but when hedging in XM’s cryptocurrency FX, only “buy order margin” is needed.

5. Settle Ordered Bitcoin (BTCUSD) at XM

The settlement of cryptocurrency FX at XMTrading, including Bitcoin, can be done at the trader’s preferred timing.

When your Bitcoin order at XM is showing a profit, you can wait until more profit is realized before settling.

Alternatively, if your Bitcoin order at XM is showing a loss, be mindful of Stop Out (forced settlement) while waiting for it to turn into a profit, or you can settle once and restart trading after cutting losses.

6. Confirming Profits and Losses in XM’s Cryptocurrency FX

The profit and loss in cryptocurrency FX at XMTrading, including Bitcoin, are confirmed once the order is settled.

At XM, profit and loss are automatically calculated in MT5 and MT4 (MetaTrader 4), so there is no need to remember the calculation methods.

Profit and Loss Calculation Methods in Cryptocurrency FX

Below is an example of profit and loss calculation in cryptocurrency FX at XM (XMTrading).

When depositing your own funds at XM, please refer to the FAQ about XM’s initial deposit amount and recommended deposit amount.

With XM, a 100% Deposit Bonus is Also Available After Funding Your Account

Once you start trading cryptocurrency FX at XMTrading with an account opening bonus, next consider depositing your own funds to receive a 100% deposit bonus.

The benefit of receiving XM’s 100% deposit bonus is that, for example, if you want to take the 100 USD challenge, you can keep your own funds to half.

Alternatively, if you view it differently, the benefit of receiving XM’s 100% deposit bonus is that if you deposit 100 USD of your own funds, you can take a 200 USD challenge.

Get the 100% Deposit Bonus Here

Does XM Support Deposits and Withdrawals in Cryptocurrency?

While you can trade cryptocurrency FX at XM (XMTrading), it currently does not support cryptocurrency deposits.

Previously, it was possible to make direct deposits with Bitcoin (Bitcoin/BTC) at XM, but it is no longer possible.

Results of Comparing XM’s Cryptocurrency FX with Other Accounts

To understand the advantages and disadvantages of XM (XMTrading)’s cryptocurrency FX, it was compared with other FX brokers.

• exness
• FXGT
• HFM (HFMarkets)
• Vantage / VantageTrading

While some accounts, like XM, offer both FX and cryptocurrency FX trading, others, like AXIORY, do not support cryptocurrency FX or cryptocurrency deposits and withdrawals at all.

Comparing XM and exness’s Cryptocurrency FX

Below are the differences when comparing cryptocurrency FX at XM (XMTrading) with that at exness.

Although exness offers unlimited leverage (unrestricted leverage), like XM, cryptocurrency FX trading is not possible with unlimited leverage and is restricted by the leverage for each cryptocurrency pair.

Comparing XM and FXGT’s Cryptocurrency FX

Below are the differences when comparing cryptocurrency FX at XM (XMTrading) with that at FXGT.

FXGT advertises itself as the world’s first hybrid broker for FX and cryptocurrencies, offering luxurious bonuses such as a 120% deposit bonus for a cryptocurrency FX-specific Cryptomax account.

Comparing XM and HFM’s Cryptocurrency FX

Below are the differences when comparing cryptocurrency FX at XM (XMTrading) with that at HFM (HFMarkets).

Comparing XM and Vantage’s Cryptocurrency FX

Below are the differences when comparing cryptocurrency FX at XM (XMTrading) with that at Vantage / VantageTrading.

Vantage offers more luxurious account opening bonuses and a 120% deposit bonus, as well as V points, than XM.

Which is Better for Cryptocurrency: FX Trading (Leveraged Trading) or Spot Trading?

XM (XMTrading)’s cryptocurrency FX is like FX in that it does not involve owning the financial products being traded; it is futures trading.

For example, if you buy $1,000 worth of Bitcoin in cryptocurrency spot trading and the Bitcoin price rises, you profit when you sell.

Conversely, if you buy $1,000 worth of Bitcoin in cryptocurrency spot trading and the Bitcoin price falls, you still get some money back when you sell, as long as the Bitcoin price does not drop to $0 USD.

In the case of XM’s cryptocurrency FX (futures trading), because you are trading more cryptocurrencies than your own capital due to leverage, if the Bitcoin price falls, it is possible for losses to exceed your own capital, reducing it to $0 USD.

Official Site (xmtrading.com)

If You’re New to Cryptocurrency, Try XM’s Cryptocurrency FX with Small Amounts

The biggest advantage of XM (XMTrading)’s cryptocurrency FX is that you can trade cryptocurrencies with a small amount.

XM supports NBP, so even if you trade with high leverage of 500 times and lose, the trader will not have debt.

If you have any questions about XM’s cryptocurrency FX, check XM’s Help Center as well.

With XM, Trade Both FX and Cryptocurrency from a Single Trading Account

XM (XMTrading)’s cryptocurrency FX allows you to trade not only Bitcoin but also FX currency pairs like USD/JPY and CFD assets like gold in the same trading account.

In XM’s cryptocurrency FX, you can trade BTCUSD with either a Standard account or a Micro account, and BTCUSD# with a KIWAMI extreme account.

XM’s Cryptocurrency FX and MT5, MT4

You can trade cryptocurrency FX at XM (XMTrading) on both MT5 and MT4 trading platforms.

Between MT5 and MT4, the latest MetaTrader, MT5, is recommended.

XM’s Cryptocurrency FX and Account Types

You can trade cryptocurrency FX at XM (XMTrading) in various account types.

The spreads for cryptocurrency FX at XM are the same for Standard and Micro accounts, but the spread for the KIWAMI extreme account is narrower than for the Standard and Micro accounts.

FAQs to summarize the article

What is XM’s cryptocurrency FX trading?

It allows traders to speculate on cryptocurrency prices without owning the assets, similar to Forex trading.

What is the maximum leverage available for Bitcoin trading?

XM offers up to 500x leverage on Bitcoin and select cryptocurrency pairs.

Does XM support cryptocurrency deposits and withdrawals?

No, XM does not support crypto deposits or withdrawals; only fiat currency funding is available.

What are the main advantages of trading Bitcoin with XM?

High leverage, negative balance protection, and 24/7 trading availability.

Are there any disadvantages to trading cryptocurrency FX at XM?

Wide spreads and negative swap points make it less ideal for long-term holding or swing trading.

What platforms can I use for trading cryptocurrencies on XM?

You can trade on MT4 and MT5 platforms with Standard, Micro, and KIWAMI Extreme accounts.

Is cryptocurrency FX trading at XM swap-free?

No, swap-free trading is not available, and negative swap fees apply for overnight positions.

Does XM offer bonuses for cryptocurrency trading?

Yes, XM offers a no-deposit bonus and a 100% deposit bonus for cryptocurrency traders.

Can I trade both Forex and cryptocurrencies in one account?

Yes, XM allows both FX and cryptocurrency trading within the same trading account.

What is the minimum deposit required to start trading?

The minimum deposit is $5 for Standard/Micro accounts and $100 for KIWAMI Extreme accounts.