Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Plus500 is an online trading platform for trading Contracts for Difference (CFDs). It offers instruments for trading cryptocurrencies including Bitcoin. Plus500 does not offer cryptocurrency wallets, instead it uses integrated software to store your private keys on its servers.
This might pose a security risk to some users. However, the company is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
Yes, you can buy Bitcoin on Plus500.