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.
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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.

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.

The user-friendly platform for crypto trading

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:

No mark-up on your crypto trades

Excellent customer service

Easy, low-cost account funding and withdrawal

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OANDA and Paxos crypto trading platform

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.

Three simple steps to activate your spot crypto trading account

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 the most popular cryptocurrencies

Trade popular crypto including Bitcoin and Ethereum 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.

World-class crypto trading experience

Looking for a powerful trading platform? We provide a state-of-the-art system that offer many benefits to traders, including

- Access to award-winning platforms
- Powerful, fast, and reliable tools and APIs
- Transparent pricing and transaction fees

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Crypto trading with the OANDA app

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
- Manage risk using limit and stop orders

Know what to expect when trading crypto

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. Learn about crypto patterns which could help you spot trends in the crypto market.

List of cryptocurrencies

Discover which cryptocurrencies, trade and tick sizes are available 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

Frequently asked questions

Get intelligent support from real people.

#### Am I eligible to trade cryptocurrencies?

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.

#### How can I spot trade cryptocurrencies?

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.

#### How many crypto trading accounts can I have?

You can open only one crypto trading account.

#### Which cryptocurrencies are available to trade on our crypto platform?

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

#### Which order types can I use for trading cryptocurrencies?

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.

#### What are the minimum and maximum order sizes?

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.

#### What is the maximum position size?

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.

#### 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 trading account?

#### Is leverage trading available for crypto trading?

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

#### Can I short sell?

You can’t short sell crypto with OANDA.

#### Where can I find my crypto trading transaction or account statement?

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.

#### 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 hours of operation.

#### What is the financing cost?

When you buy cryptocurrencies in the spot market you get immediate delivery. This means 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, 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.

#### 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 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.

Trusted by traders all over the world

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.

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.

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© 1996 - 2024 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners.

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. 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.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.