The following cryptocurrencies are available for trade:
- Bitcoin
- Bitcoin Cash
- Ethereum
- Zcash
- Monero
- Ripple
- Litecoin
- Dash
- IOTA
- NEO
Plus500 cryptocurrency trading
Look: There are no fees charged for special Bitcoin or cryptocurrencies.
Buying and Selling Bitcoin and Other Cryptocurrencies
With Plus500, you are trading a contract for difference (CFD) which means that you don’t own the cryptocurrency.
With CFDs, you are buying a contract between you and the CFD provider (Plus500) to pay each other the difference between the price of the underlying asset at the time the contract is made and its price when the transaction is closed.
Plus500 buying cryptocurrency
Remember: You are not actually buying or selling cryptocurrencies.
When you buy or sell Bitcoin and other cryptocurrencies in Plus500, you are basically buying or selling a contract to resolve the difference after the order has been terminated.
Plus500 selling cryptocurrency
So is Plus500 a Wallet?
No. There’s no need to have an exchange account or use a special wallet because you will not be owning any of the cryptocurrencies that are available on the platform.