* FM HomeRetail FXBrokersPlus500 Eases Trading Conditions For Bitcoin and Litecoin CFDs Plus500 Eases Trading Conditions For Bitcoin and Litecoin CFDs In November 2013, Forex Magnates reported that the London Stock Exchange’s AIM listed CFD broker, Plus500 had to change trading conditions on its Bitcoin offering after the digital currency’s great jump in value, canceling short trades, setting expiry dates and limiting leverage.But now it is confirmed by the company that those stiff trading conditions have recently become much more flexible.Speaking with Forex Magnates about the current situation with Bitcoin and Litecoin CFDs on the broker’s platform, Elad Even-Chen, the VP of Business Development at Plus500, said that Bitcoins are now traded with leverage of 1:10 and expire only monthly.Litecoins are also offered with a leverage of 1:10 but expire on a daily basis.Plus500 responded to demands from its clients for higher leverage on Bitcoins, and its risk approach allowed the broker to make these changes to the trading conditions.

Asked by Forex Magnates what the plans for the next level of leverage on Bitcoin are and whether 200:1 possible is in a year from now, Even-Chen said: “We believe 1:10 leverage is the highest we can go with the current volatility of Bitcoins.If volatility changes so will the leverage.”All the broker was willing to share publicly on how are they handling the very high comparative volatility of Bitcoin at this point is that they “have internal systems for this that monitor it.”As Plus500 was the first broker to offer leveraged trading on Bitcoin and later Litecoin, Forex Magnates inquired if the firm is planning on adding more digital currencies CFDs in the future like DogeCoin for example.The company’s answer was positive, Even-Chen responded: “Yes, as soon as market liquidity enables it.As always, we try and offer our customers the best possible range of indices.”To learn more about “the world’s first crowdsourced currency,” Dogecoin, click here.xDon't stay behind!Sign up for our newsletter and get all the hottest news in your inbox daily.* First Name Last Name Email address* I would also like to receive business enhancing offers and promotionsPhone Report News First NameLast NameEmail message*Name Found a mistake?

First Name*Last Name*Email* message*CommentsWhat the heck is Bitcoin?Bitcoin is a way to move money around without using official government currencies.In technical terms, it's a globally distributed piece of shared memory implemented as a chain of transactions contained within blocks.Each block cryptographically links to it's parent block, constructing a huge singly-linked list.bitcoin pool mining vs soloIf you're interested in the more technical or political aspects of Bitcoin, there is a very active subreddit.bitcoin texas holdemRecently Stripe added support for accepting bitcoin in a way that makes sense for merchants who don't normally deal in the cryptocurrency world.bitcoin reitHere's how it works: When a customer wants to pay you in Bitcoin, Stripe will generate an address and calculates an amount of bitcoins that equals the price you set in your home currency.litecoin to eur calculator

The customer sends the correct amount of bitcoin to that address.Stripe picks up the bitcoin and immediately converts it into your home currency for you.You can then create a Stripe::Charge using that pool of money instead of a credit card.Using Bitcoin with Stripe Checkout Stripe has made it very simple to use this new flow with Checkout.how to use bitcoin-qt clientBasically you just have to add one new data attribute to your javascript embed: "data-bitcoin=true", and Stripe will take care of everything else.yung bitcoinHere's a little example: > It's just as simple with a custom integration as well.Here's another example, this time using the JS API to launch the Checkout modal dialog: Purchase Using Bitcoin with a Custom Form Allowing your customers to pay with bitcoin using a custom form is a little bit more complicated.Within your JS you have to create a BitcoinReceiver object, which is the thing that actually calculates the right amount of bitcoin as well as generates an address.After you present these two things to the customer, you need to poll the receiver and wait for the customer to pay.Here's what that looks like: Making Charges Actually charging the customer is very straightforward.

All you have to do is pass the bitcoin receiver token to source, instead of a credit card token and proceed as normal.If you're saving information about the customer to your database (last 4 digits of their card, expiration date, etc), remember that a BitcoinReceiver has a different API than a card so you have to call different methods.charge = Stripe::Charge.create( amount: 2000, email: 'purrfect@catscatscats.cat', description: 'Cats!', currency: 'usd', source: params[:bitcoin_receiver_id] ) charge.source.amount charge.source.inbound_address Caveats There are a few things to remember when you're dealing with Bitcoin.First, it can't be used for subscriptions, since there's no way to pull from a customer's bitcoin wallet.Bitcoin is pushes only.Second, refunds are a little bit tricker than what you may be used to with credit cards.To refund, you need to ask the customer for a refund address to send the bitcoin to.Other than that, the process is pretty standard.