How to Open A Bitcoin Trading Account?

How to Open A Bitcoin Trading Account?

How to invest in Bitcoin with Plus500?

In this article, we’re going to show you how to open an account on Plus500 and start trading Bitcoin Plus500 CFDs. The Plus500 website is one of the most popular online CFD trading websites, this is because of several reasons; the website has real-time graphs of all commodities that one can trade and it supports over 23 languages.

For cryptocurrency enthusiasts, the website offers CFDs on Bitcoin, Ethereum, Ripple, Dash, NEM, and Litecoin, so you can now speculate or bet on how the cryptocurrency price will move.

On Plus500, you can trade CFDs. CFDs or contracts for difference are units of representation sold on the platform. The ownership of a CFD on the platform represents a position in the market. If you think that the price of Bitcoin will rise, you buy Bitcoin CFDs on the platform. Now, when the price does go up, you can sell this contract for a higher price thus making a profit.

One can trade Bitcoin Plus500 CFDs in a falling market as well as a rising market.

Conversely, if the market moves against you, you would be in a loss for your purchase of the 10,000 CFDs have been devalued. When you trade CFDs, you’re not trading the underlying asset, there’s no ownership of the underlying asset either at any point.  You only buy CFDs, a speculative representation of the asset.

It’s pretty easy to open an account on Plus500, it takes only about five minutes.

 

How to Open a Bitcoin Trading Account on Plus500

Step 1: Visit the Plus500 page, you can visit it by clicking here.

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Plus500 Homepage

 

Step 2: Click on Start Trading Now

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Plus500 Demo

 

Step 3: Click on Sign Up

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Plus500 Sign Up New User

 

Step 4: Enter your email, password and then confirm the password.

And that’s it! Your Bitcoin Plus500 Trading Account is ready!

Congratulations, you now have a trading account on Plus500! Here is how your trading dashboard will look like:

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Plus500 Trade Dashboard

From here, you need to deposit money into your account and start trading Bitcoin Plus500 CFDs! Click on our Tutorial #2 below.

 

 

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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