Bitcoin CFD Weekend Trading - Bitcoin, What Is It

Bitcoin Weekend Trading | CFD Trading

Bitcoin Weekend Trading - CFD Brokers
Online BrokerOnline Trading Platforms
Web Trader & Apps
MT4, MT5, R Trader

Bitcoin Weekend Trading - CFD Trading - Bitcoin

Brokers which offer Bitcoin CFD trading may offer it in their normal trading hours of Sunday to Friday. However Bitcoin is traded on exchanges 24/7 and some CFD brokers also offer trading over the weekend. There will still normally be a break in trading. When trading a CFD, the trader does not own the underlying cryptocurrency asset, thus no wallet is needed, the trader can go long or short and may use leverage.

Trading with CFD brokers lets the trader use the online trading platforms provided by the brokers to trade their range of other CFDs. Thus platform such as web traders, apps, MT4 and MT5, if they are offered, can be used to trade Bitcoin CFDs 24/7. This means the trader can use the tools provided by these platforms, such as charts and technical indicators.

These brokers are all regulated in a number of different countries around the world, so which branch the trader trades with depends on their location. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Bitcoin what is it ?

Bitcoin is an Internet based network used to make peer-to-peer payments in Bitcoin, a digital currency secured by cryptography, known therefore as a cryptocurrency. When a payment is made from a Bitcoin wallet to another, it is processed on the Internet by miners. Miners compete using what is called a proof-of-work algorithm for the right to process a block of payment transactions. When a block has been verified by the Bitcoin network it is added to all previous blocks, creating a linear list of linked transactions blocks called the blockchain.

To ensure the immutability of this ledger of all Bitcoin transactions, a cryptographic technique called hashing is used. Hashing creates a digital signature of data in the blocks, which will change if data is altered. Thus it will be clear to the network if the data is altered anywhere on the transaction record. Thus block after block can be added, without compromising the security of any part of the block.

The Internet was built to be durable using a distributed network architecture, and Bitcoin makes use of this architecture to help create and store its ledger. It should be noted that distributed payment processing systems using the Internet face issues which centralised payment processing system do not face when scaling up to process increased numbers of transactions. Bitcoin, cryptocurrencies which forked from the Bitcoin blockchain, and other cryptourrencies has been working to try and overcome these issues. Bitcoin is traded on cryptocurrency exchanges under the symbol BTC. When trading a Bitcoin CFD, the trader does not trade on an exchange, rather trades with their CFD provider.