Plus500 Bitcoin Cash CFD Trading - Weekend Crypto Trading

Bitcoin Cash Plus500 | Cryptocurrency CFD Trading

Plus500 Bitcoin Cash ABC CFD Trading
Online BrokerBitcoin CashOther Crypto CFDsTrading PlatformRegulated
Bitcoin Cash ABC CFDs
Bitcoin Cash
Bitcoin, Ethereum, Ripple, Litecoin, IOTA, NEO, Monero, EOS, Stellar, Cardano, TRON
Other Crypto CFDs
Web Trader & Apps
Trading Platform
FCA, ASIC, CySEC, FSCA, FMA, MAS & IE
Regulation

Plus500 offers Bitcoin Cash ABC CFD trading 24/7

Plus500 is a CFD broker offering trading in a range of markets on its CFD trading platform, including Bitcoin Cash ABC CFDs. Bitcoin Cash is a cryptocurrency used to send digital payments which was forked from Bitcoin's blockchain. However Bitcoin Cash has itself forked. One of these forks is Bitcoin Cash ABC (actually termed Bitcoin ABC by its network).

Bitcoin Cash ABC is traded on cryptocurrency exchanges under the symbol BCHABC (the ticker symbol for Bitcoin Cash is BCH). Bitcoin Cash ABC CFDs are contracts for difference and have a value referenced to the value of Bitcoin Cash ABC on exchanges. By trading a CFD, the trader does not trade on an exchange, rather trades with their CFD provider. A trader does not own any cryptocurrency when trading a CFD.

CFDs let the trader trade on the price movement of the underlying market, without owning it. This means that the trader does not need a wallet, as this is a means to store the underlying cryptocurrency. Cryptocurrency CFD are extremely volatile, just as the value of an underlying cryptocurrency is extremely volatile. Leverage is available when trading CFDs, but this is restricted for cryptocurrencies as increasing leverage increases risk, including exposure to price volatility. In the European Economic Area (EAA) maximum leverage for cryptos including Bitcoin Cash ABC is set at 2:1 (50% margin).

Bitcoin is a network to allow digital payments to be sent from source to destination. To send a payment, it needs to be securely processed. On the Bitcoin network miners process payments, in return for a reward. However the Bitcoin network verifies processed transaction data before it is added to the Bitcoin ledger. The Bitcoin ledger uses a structure called the blockchain to store this record. Each processed block of data is added to the previous block secured using cryptography, creating a chain of blocks of data.

Bitcoin Cash was forked from Bitcoin's blockchain so that some of the rules governing the operation of the network could be changed, to allow the new network to focus on the role of the cryptocurrency as peer-to-peer electronic cash. Thus the new network wanted to be able to speed up payment processing. They tackled this by allowing Bitcoin's blocksize limit to be adjustable, to enable Bitcoin Cash to have larger blocks of processed data, which was adjusted up to 32MB. Bitcoin Cash ABC maintains the blocksize limit at 32MB (ABC stands for Adjustable Blocksize Cap), while another fork, Bitcoin SV increased it.

At Plus500, Bitcoin Cash ABC may be traded on Plus500's web trader and apps, alongside its other CFD markets. Plus500's web trader has a relatively wide range of technical indicators and a clear platform layout. Plus500 offers over 2000 markets to trade, covering Forex, Indices, Energies, Soft Commodities, Options, Shares, ETFs and Cryptocurrencies. Plus500 also has a relatively wide range of cryptocurrency CFD to trade, offering Bitcoin, Ethereum, Ethereum/ Bitcoin, Ripple, Litecoin, IOTA, NEO, Monero , EOS, Stellar, Cardano and TRON in addition to Bitcoin Cash ABC. Like its other cryptocurrency CFDs, Bitcoin Cash ABC can be traded 24/7 at Plus500, with a short break on Sundays.

Search this site

Translate