EXPERIENCES & Plus500 Bitcoin review
80.5% of retail investors lose money with CFDs.
Plus500 is an official broker to trade. Plus500 is the first ‘broker’ to make it possible to trade CFDs in crypt currency. The broker now supports various cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin and a few others.
Important to know before you start
80.5% of retail investors make a loss on trading CFDs with this provider. It is important that you consider whether you can afford the high risk of loss.
Plus500UK Ltd authorised & regulated by the FCA (#509909).
But what is a broker? At brokers you can buy and sell your coins. It is someone who mediates in the sale, purchase or loan of coins. Brokers act as an advisor, intermediary or service provider. At most banks you will first have to deposit money into a trading account. There is a seller of coins here and that is the broker himself. Customers do not trade with each other, but buy it directly from the broker. They find this a quick and easier way to sell their coins.
Plus500 offers two different types of accounts that members can start with as soon as they open it. These are the demo account and the live account. Each time you log in you can specify which of the accounts you would like to open. Opening an account with the Plus500 Trader is not difficult. You will first need to create a username and password. Once the login is complete you will receive a notification on your screen with an amount of money, with this amount you can practice to see how the platform works, because that is your demo account. This is the uniqueness of Plus500 Web Trader as other platforms do not offer this option. This allows you to see exactly what you can do on the platform and how everything works on Plus500. This is not only recommended for beginners but also for those who are already experienced. If you are going to work with your real account you will need to send a copy and proof of address. This way the payouts can be made. This is not the case with Plus500 only. No broker is allowed to make payouts to individuals if the required documents have not already been provided.
Plus500 login and account registration
When creating your real account, a check is made with the user’s phone number to make sure everything is okay. If all this is confirmed then the user must enter their personal data such as name, surname, date of birth and address. The Plus500’s User Agreement must then be accepted and sent. The user’s income and employment status will also be requested. This information is used to get an idea of what kind of target group Plus500 attracts and what your position is in the market. Plus500 is available in 32 languages. Plus500 has mobile applications that can be used directly for iOS and Android. The ideal thing about this broker is that you can start right away with a demo account. The demo account is also available for mobile users. The Plus500 login and account registration is a simple and fairly quick process.
Plus500 also accepts various credit cards such as the MasterCard, VISA and Maestro.PayPal can also be used to withdraw and deposit funds. Traders can also use their credit cards, with PayPal processing carried out by third parties. Plus500’s support is fine. If you have any questions you can contact us via a live chat or online help. Another option is to send an email. The great thing about it all is that users are not contacted by account managers to explain the system. So the support is customer friendly and optimal.
Is Plus500 trustworthy?
Plus500’s user-friendly platform allows you to easily trade all types of CFDs on offer. You can easily trade stocks, commodities, crypto’s and more. There is a clear menu that makes it easy for you to make a choice. Plus500 offers good customer support, contacting you both via email and live chat. Plus500 is an international broker doing business with over 50 countries. Plus500 does not charge a separate fee for trading. It is not possible to lose any money other than what you currently have in your account. Therefore you do not run the risk of building up a huge debt. Plus500 offers a number of different ways to deposit funds into your account. You can transfer money online from your checking account. In addition, you can use electronic wallets. Finally, it is possible to make a deposit using a credit or debit card. It is important that the name of a credit card matches the name in the account. For this reason, it is not possible to use a credit card in the name of a company. Also, customers’ accounts are separated from Plus500’s accounts. The question of whether Plus500 is reliable can be answered with a YES as far as we are concerned.
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|Free Account||Yes, register here|
|Helpdesk language||Dutch and English|
|Country of residence||Israel|
|Buy with creditcard||Possible|
|Buy with iDeal||Possible|
|Cash out to bank||Possible|
What is Plus500 Bitcoin
Plus500 is a platform that offers online trading services for private customers to trade CFDs. The company was founded in 2008. Among other things you can trade crypt currency by trading CFDs. Plus500 is a trusted broker for crypto trading. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority. This makes this broker reliable.
Bitonic.co.uk has been active in the Netherlands since 2012 and is one of the first platforms where you can buy and sell bitcoin safely, reliably and quickly. Bitonic only offers bitcoin, no other cryptocurrency.
Bitonic has a subsidiary, BL3P. This is Bitonic’s bitcoin and crypto exchange.
Plus500 is not a normal cryptocurrency exchange, but a CFD broker.
Active in the financial world since 2008.
Easy to use platform.
Trading with leverage is possible here, there is more risk involved.
Frequently asked questions
Is it possible to use a demo account first?
Yes, Plus500 offers the opportunity to practice with a demo account before you start trading real money.
Is it possible to pay with IDEAL?
Yes, at Plus500 it is possible to make payments using IDEAL.
What can you trade with on Plus500?
CFDs are traded on Plus500. So it is not a typical Bitcoin and crypto exchange.
Is it free to create an account?
Yes, this only applies to the Demo account.