Plus500 Bitcoin review – Fees & Leverage

With Plus500 anyone can trade Bitcoin as a CFD instrument 24/7 (with the exception of Sundays between 12:00-14:00 GMT). Apart from BTC, Plus500 clients can also find on the platform other popular cryptocurrency pairs such as Bitcoin Cash, Ethereum, Litecoin, Ripple, IOTA, Monero, EOS, Neo, Stellar, Cardano, and Tron.

Nevertheless, Bitcoin is by far the most popular cryptocurrency choice of Plus500 traders (Availability
subject to regulation). In the following Plus500 Bitcoin review, we are going to go into great detail to describe the trading conditions that this popular CFD broker has for Bitcoin traders.

In this Plus500 Bitcoin review you are going to find out:

1#- How to open a free demo account with Plus500 to trade Bitcoin and other assets

2# How to open a simple Bitcoin (CFD) transaction

3# – Why people choose Plus500 over crypto exchanges

4# – What fees Plus500 might charge you with

5) What leverage you can use for BTC trading.

How to open an account at Plus500 for Bitcoin trading

New clients can decide to either create a free demo account where they can test trading Bitcoin or a real account. A demo account does not require any deposit and can be created within a few seconds. Only an email address and a password are mandatory to complete the process.

A practice account is great for people who want to test the platform of the broker or try out new strategies. When your goal is, however, finally to conquer the real market with real money on the table, opening a real account is necessary. The real account at Plus500 is possible from an initial investment of $ 100. The following step-by-step guide will teach you how to open both a real and a demo account.

  • 1. First of all, visit the website: (77% of retail CFD accounts lose money.)
  • 2. Choose a type of account you want to start with – FREE Demo/Real
  • 3. Fill in the required information (Email/password)
  • 4. Start trading with imaginary or real funds

Trading Bitcoin on the Plus500 platform

Plus500 has a very clear and intuitive platform. In order to find Bitcoin trading, head to the section “trade” and click in the left menu on the button “Crypto Currencies”. Once you do that a new table with all available cryptos at the Plus500 platform will appear. Bitcoin as the most popular cryptocurrency is featured on the list as the first option. In this table, you can decide to either “Short” CFDs on BTC or to “Buy” it.

Remember that with Plus500 you can not only speculate on the growth of Bitcoin but also on a possible downfall (Short position). For more information about the trade, you can double-click the name “Bitcoin” or click on the information icon which is located on the right side of the screen. Here can be viewed the size of the spread, the leverage, the traders’ sentiment and more other useful information.

77% of retail CFD accounts lose money.

Why do people choose Plus500 over Crypto exchanges?

Plus500 is a well-established company with years of experience in the field. It is fully regulated in almost every European, Australian and Asian country. As a regulated company, it is obliged to insure 100% of its capital against the bankruptcy of the company. Plus500 ltd is, however, one of the biggest European CFD providers, that is even listed on the Main Market of the London Stock Exchange, which makes such an occasion extremely improbable to occur.

Cryptocurrency exchanges are not insured against bankruptcy or against the potential loss that can be caused when the exchange is hacked. Let’s summarize the pros and cons of trading bitcoin with Plus500 and trading BTC on a crypto exchange.

Plus500 Ltd  Crypto exchanges
 Safety  Extremely safe (Regulated, listed on the Main Market of the London Stock Exchange)  Relatively safe
 Free Demo account  Yes, without a deposit  No
 Leverage 1:2*  Only on certain exchanges
 Professional support  Yes, in 16 languages via online chat and email  No
 Price decline speculation  Yes  No
 Fees  Relatively small in comparison to other CFDs providers  Varies from exchange to exchange

*Leverage 1:2, can change in time, this information is accurate to 04.08.2022

Plus500 Bitcoin review – Leverage & Fees

As you might have read in the table above, Plus500 has leverage 1:2* for Bitcoin trading. This means that every dollar or pound you invest is worth 2 times more. Some people might be used to leverage up to 1:30 which was in the past offered by Plus500 but later on reduced by the CySEC. This regulatory body stated that the cryptocurrency market is volatile enough and that the 1:2* leverage is completely sufficient for clients to use.

Plus500 has three types of fees. First of all, there is the fee called spread which is basically the difference between the amount you pay for Bitcoin and the amount you receive when you decide to sell it back. The second fee is the overnight fee, which is charged to your account when you stay in a position overnight. The third fee is the inactivity fee.

Bitcoin price with real-time chart

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  • Hi Michael, I would like to dip my toe into the market in order to supplement a lamentable pension. I foolishly deposited funds with two crypto currency scam artists, with the inevitable result, so I have paid my dues, but it has made me very wary. It appears that I gave finally found an honest trader and am grateful for the info you impart.
    Many thanks. Alan Haywood, Loughton.

    • Hello Alan,
      In that case best of luck! If you did decide to trade with Plus500, please share your experience with visitors of the web once you obtain it.

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