Bit2c Ltd is registered in Israel. Being the first Israeli platform, Bit2C is focused on the citizens of Israel, first of all. Bit2C does not pursue the goal to attract international clients, though there are no geographic restrictions and people from all over the world can trade on it. The main mission was not to increase the customer base, but to popularize cryptocurrencies among the local population. Nevertheless, it is used by foreign citizens actively. Bit2C offers service for USA clients as well.
The platform was launched in 2013. One can buy and sell virtual coins on good terms there.
Before the site was launched Israeli crypto enthusiasts had to apply for the service to foreign platforms. They could not use national currency to purchase virtual coins and had to convert shekel to dollars first and only then conclude the deal. In this way the demand for local site was formed. The site is presented in Hebrew only.
The developers of Bit2C tried their best to make the exchange ultra secure. Such features as 2-factor authentication, cold wallet storage and SSL encryption help to fulfill this goal. The site is protected from DDOS attacks. During financial transactions the client has to enter the code sent to him.
The main crypto coins of trading are Bitcoin and Litecoin. The address of crypto wallet is needed to withdraw funds from the wallet. It is possible to deposit funds with a bank card. You can use fiat money to buy tokens. The national currency is the main fiat at the exchange, which is actively used for transactions.
The fee depends upon the amount traded. The commission is 0.5%.
The customers point out that the site is easy to use. Using checkout button, the customer can get automatic payments.
Bit2C API access is provided to users so that they could enter the site with JSON responses.
The average volume of the platform is 40 BTC per day. Btc/Ils trading pair is the most popular.
Everything is clear when you enter the trading area and see the chart at the head of the page with figures below hiding the trading info.
Being the major player in Israeli crypto space, Bit2C remained the only platform targeting local traders and casual users.
If you need safe and reliable trading, the service will probably suit you. The ecosystem created by the company is transparent and supervised by regulators and the Israeli Bitcoin Association. Verification is necessary if you want to trade at the platform. The person has to provide ID documents and share the name, phone, and address. It is advised to show utility bills to prove the place of residence.
The customers can use the site without problems. It is compatible with Windows, Mac and Web. There is mobile application for mobile users.
The customer support does not provide chat or even email. The client can call the support to clarify the issue.
In accordance with Coinmarketcap data, Bit2C trades Litecoin, but the platform does not suit you if you want to trade Euthereum. Bit2C does not provide such service at the moment.
The main thing that does not satisfy users - limited selection of markets. Though such platforms as BTCBOXoffer Bitcoins only, there are a lot of competing exchanges, which look for the chance to replace the predecessors and win hearts of your former customers. Let us take Tidex, for instance, where 70 trading pairs are presented.
This Bit2C review is not full and you need to clarify additional details if you want to use the platform. If it does not satisfy you for some reason, try one of these exchanges: DDEX, OctaFX or Remitano. You will certainly find the one that suits you best.
What you need to know about Bit2C ►►► -
average rating 5 from 5
(based on 43 user reviews)