Interactive Brokers Bitcoin

Interactive Brokers Cryptocurrencies and Bitcoin (2022)


Interactive Brokers (IBKR) crypto trading account. Can you buy Stellar, Shiba Inu, Cardano, Dogecoin, Ethereum, Bitcoin Cash, Litecoin and Bitcoin cryptocurrencies on Interactive Brokers?


Trading Cryptocurrency at Interactive Brokers


If you are looking to IBKR for crypto trading in 2022, there are many features that will help the broker win you over. Whether you want to trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), or all of the above, the low-cost trading and pro-level trading platforms make it easy to take part in the world of digital currencies.

Keep reading to learn how to trade in crypto at IBKR.


IBKR Cryptocurrency Availability


When it comes to cryptocurrency availability, Interactive Brokers offers a limited lineup of coins. Unlike some dedicated crypto exchanges that include cryptocurrencies like SHIB, DOGE, ADA, XRP, XLM, and thousands more, IBKR has decided to keep its listing limited to the largest and most influential few.

As mentioned, you can trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) directly from the IBKR trading platforms.

Despite the limited listing of digital coins, the low-latency order execution and advanced charting makes trading crypto at Interactive Brokers a satisfying experience.

For investors looking for more variety, IBKR also offers crypto-related stocks, ETFs, and derivatives.


IBKR Crypto Trading


Other IBKR Cryptocurrency Products


Other cryptocurrency products available at IBKR are as follows:


Crypto-related Stocks, ETFs, and Derivatives


Since trading crypto at Interactive Brokers starts with a brokerage account, you also have access to all the listed stocks and ETFs that relate to cryptocurrencies and cryptocurrency mining.

Popular crypto-related stocks on IBKR are:

  • Coinbase Global Inc. (COIN)
  • Square Inc. (SQ)
  • Salesforce (CRM)
  • Bakkt Holdings Inc. (BKKT)
  • Overstock.com Inc. (OSTK)
  • Advanced Micro Devices (AMD)
  • Nvidia (NVDA)
  • Silvergate Capital Corp. (SI)
  • Galaxy Digital Holdings Ltd. (GLXY)
  • Crypto ETFs & Trusts
  • Valkyrie Bitcoin Strategy (BTF)
  • ProShares Bitcoin Strategy ETF (BITO)
  • Bitwise 10 Crypto Index Fund (BITW)
  • Greyscale Ethereum Classic Trust (ETHE)
  • Greyscale Digital Large Cap Fund (GDLC)
  • Greyscale Litecoin Trust (LTCN)
  • Greyscale Bitcoin Investment Trust (GBTC)
  • Greyscale Ethereum Trust (ETCG)

IBKR Crypto Indices:

  • CME Bitcoin Reference Rate Index (BRR)
  • CME Bitcoin Real Time Index (BRTI)
  • NYSE Bitcoin Index (NYXBT)
  • Blockchain ETFs
  • Amplify Transformational Data Sharing ETF (BLOK)
  • First Trust Indxx Innovative Transaction & Process ETF (LEGR)
  • Siren Nasdaq NexGen Economy ETF (BLCN)
  • Capital Link Global Fintech Leaders ETF (KOIN)


Crypto Futures


  • Bakkt Bitcoin Futures (BAKKT)
  • CME Bitcoin Reference Rate Futures (BRR)
  • CME Ether Dollar Reference Rate Futures (ETHUSDRR)


IB Crypto Trading Permissions


If you are trading cryptocurrencies, or their related stocks, ETFs, Indices, or trusts, there are no special permissions needed. To trade cryptocurrencies directly, simply apply for crypto trading. An account with Paxos is opened on your behalf, and you can then use the IBKR platforms to trade crypto 24/7.

Trading any of the related products, of course, requires nothing more than a brokerage account.

If you are looking to trade crypto futures, specific permission is required. Under the settings menu, simply navigate to ‘Trading Experience & Permissions’ and then ‘Futures’. Once there, you will be able to activate crypto futures. Keep in mind that it takes up to one business day for the permission to be granted.

Note that: residents of Japan and IRA account are not eligible for crypto futures trading.


IBKR Crypto Trading


Cryptocurrency Commission & Pricing Schedule


Depending on a type of crypto product you are trading, there are different commissions that you will pay.

For cryptocurrencies, at Interactive Brokers you will pay a commission of 0.18% per trade, which is among the lowest cost for crypto trading in the brokerage space. It is also nice that Interactive Brokers does not apply a spread to the cryptos on offer. The prices that you see for digital currencies at IBKR are the same as the process listed at the most competitive crypto exchanges.

For crypto futures, you will pay $10 for each contract traded.

For crypto-related securities, the commissions and fees are related to the type of account you hold.

Many high-frequency traders take advantage of the tiered- or fixed-rate commission schedules that are designed for active trading. If you are using IBKR Pro, you will pay these rates.

Tiered commissions range from $0.0035 for trade volume equal to or less than 300,000 shares per month, to $0.0005 per share for trade volume greater than 100,000,000 shares per month.

Fixed commissions are set at $0.005 per share, and there is no monthly volume requirement.

Retail investors using IBKR Lite, do not pay any commissions for trading crypto-related securities.


Interactive Brokers Promotion



Open IB Account


Webull as Alternative


Webull clients can directly trade cryptocurrencies:

  • Algorand (ALGOUSD)
  • Avalanche (AVAUSD)
  • BAT (BATUSD)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINKUSD)
  • Cosmos (ATOMUSD)
  • Curve DAO (CRVUSD)
  • Dash (DASH)
  • Decentraland (MANAUSD)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dogecoin (DOGE)
  • Fantom (FTMUSD)
  • LINK (LINKUSD)
  • Litecoin (LTC)
  • Loopring (LRCUSD)
  • Polygon (MATICUSD)
  • REN (RENUSD)
  • SHIB (SHIBUSD)
  • Solana (SOLUSD)
  • Sushi (SUSHUSD)
  • Stella Lumens (XLM)
  • Terra (LUNAUSD)
  • The Graph (GRTUSD)
  • UNI (UNIUSD)
  • XLM (XLMUSD)
  • Zcash (ZEC)

How to buy bitcoin on Webull


Amazingly, there are no commissions to trade cryptocurrencies. There is just a dollar minimum per trade. This of course is a major benefit over IB’s crypto trading service.

Learn more about Webull crypto trading...


Webull Promotion



Open WeBull Account


Updated on 1/26/2022.

About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.