Trading Bitcoin, Ripple and Other Cryptocurrencies with Plus500


This Answers the Following Questions:

Can you buy Bitcoin on Plus500?
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Can you buy Ripple on Plus500?
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Can you buy Litecoin on Plus500?
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Can you buy Ethereum on Plus500?
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Can you transfer Bitcoin to and from Plus500?
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How to buy cryptocurrencies on Plus500?
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How to trade Bitcoin on Plus500?
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Is Plus500 good for crypto?
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Does Plus500 have a wallet?

The following cryptocurrenciess are available for trade:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Zcash
  • Monero
  • Ripple
  • Litecoin
  • Dash
  • IOTA
  • NEO

Plus500 cryptocurrency trading
Plus500 cryptocurrency trading

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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
Plus500 buying cryptocurrency

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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
Plus500 selling cryptocurrency

Risk warning: 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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.