Information

A bitcoin account or wallet is essentially an online account for the cryptocurrency, which allows people to store, receive and send bitcoin. Each bitcoin account has its own name and can be used across mobile, web and desktop applications to exchange the currency.

However, making a bitcoin transaction can be a lengthy process, as each one has to be verified by blockchain. Plus, many bitcoin accounts have a maximum amount that can be sent within 24-hour periods and cut-off times to do so. Trading CFDs on bitcoin provides a quicker and more flexible way to go long or short on the cryptocurrency.