Plus500 is most of the most trusted brokers to offer bitcoin and other cryptocurrency trading.
Not only does Plus500 offer Bitcoin but they also have:
- Bitcoin Cash
- Ethereum/Bitcoin pairs
The minimum deposit on Plus500 is only $100 and you can start trading cryptocurrencies with a leverage of 1:5.
If you want to check them out, you can do so here.
One advantage of the cryptocurrency market is, that it is open all the time which means you can trade it 24/7, whenever you want.
What is Plus500
Plus500 is a broker that specializes in CFD trading. With licenses and regulations from the CySEC, the FCA, and the ASIC, it is one of the most reputed agencies you can sign up with. Unfortunately, however, its services are off limits to US traders.
Types of accounts
With Plus500, you have a choice of two accounts, a live account and a demo account.
The former requires a minimum initial deposit of $100 to be activated and leverage for forex traders is available up to 1:300.
Naturally, this represents a considerable level of risk that only certain types of traders are advised to play with. You can trade bitcoin with any type of account.
The Plus500 online trading platform manages to be both comprehensive and user-friendly. On top of that, it also offers valuable technical analysis software.
A trader can trade in multiple markets on the same screen and access price quotes of products in real time. Also, the trading platform is available in 4 different versions; one which can be downloaded, one which is web-based, one which allows a trader access from a foreign computer, and an app version for Windows, Android, and iOS.
With Plus500, you can trade CFDs, currencies, cryptocurrencies (bitcoin etc), stocks, commodities, ETFs, and indexes.
Deposits and Withdrawals
You can fund your Plus500 account with a Visa or MasterCard credit card, bank wire transfer, or MoneyBookers. Of these, the credit card is the fastest method.
In the case of bank wires transfers, it should be noted that the minimum amount you can deposit is $100.
Customer support from Plus500 is available 24/7 in multiple languages via email and online chat. However, no telephone number is provided, which can become a problem if you do not have an internet connection or your computer crashes.
For traders outside the United States, Plus500 is among the most reputed brokers in the business thanks to a variety of assets available for trading and an easy-to-use platform that supports different trading styles.
Can I buy Bitcoin on Plus500 with credit card?
Plus500 only offers bitcoin trading. You can’t buy actual coins that you can withdraw later.
Can I trade cryptocurrencies on my smartphone?
Yes, plus500 offers quality trading apps for Android and iOS. This means that you can trade cryptocurrencies and all other assets on your smartphone.