Hi, yes this is a real drone. The camera records to memory card and video / photos can be downloaded to computer but cannot be watched live via phone etc when the drone is flying. You can choose when to record video or take photos from the drones remote control.
After capturing your video/photo footage, the MicroSD card will need to be either put into an MicroSD reader, or using an adaptor to size the MicroSD to full size SD format. This is then read by the PC to show your captured footage.