Bitcoin is a popular digital currency (also known as a cryptocurrency or Crypto) which was invented in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It is the original and most widely used cryptocurrency in circulation.
Unlike prevailing payment methods, which rely on centralised payment processing systems, Bitcoin is powered through a cryptographic peer-to-peer network that does not depend on middlemen such as banks or other financial institutions.
People who wish to invest in Bitcoin normally need to first setup a digital wallet, i.e. a smartphone or computer-based electronic device that allows users to buy the digital Bitcoins online. It is not possible to short sell digital Bitcoins.
However, Plus500 provides an alternative easier-to-implement solution in the form of an online app for trading CFDs on Bitcoin (through the BTC/USD pair).
Transactions on the Plus500 app can be carried out in both directions (Buy or Sell), and a high level of liquidity is ensured through the use of real-time price feeds from major Bitcoin exchanges.
Plus500's Bitcoin CFDs are available for trading around the clock and on weekends (except for one hour on Sundays).