Bit2c
- Overview
- Security
- User Experience
Volume 24H: N
Bit2c is the first company in Israel to develop an exchange platform that supports the Hebrew language and Bitcoin & Litecoin trade against the Shekel. Bit2C is a P2P platform that limits access to Israeli citizens. Most of its features work only with Israeli bank accounts.
This platform is suitable for Hebrew, Arabic, English, and Russian speaking users who have an open bank account at an Israeli bank. The platform design is basic and intuitive even for novice users. It has limited functionality and the fees are high.
Crypto Currencies Support
- BTC
- LTC
Traditional Currency Support
Language Support
- Arabic
- English
- Hebrew
- Russian
Country Support
- Israel
Platforms Systems
- — Web Interface
Stock Market Options
Bit2c is protected and certified by Norton Secured, the servers are encrypted with SSL technology. Also, this platform offers 2FA through Google authentication services. The company states that user details and private key addresses are not stored on their server but they don't offer further information regarding this matter.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Funds Are Not Insured |
| Private Keys Stored On | Exchange Platform |
| Storage Type | They Claim To Hold User Funds In Cold Storage But Are Not Specific About It |
The Bit2C platform was funded by an Israeli company who's CEO is Eli Bejerano. Bejerano is also the manager of the Israeli Bitcoin Association.
Summary:
Bit2C looks like a promising startup for the Israeli cryptocurrency market. Although it doesn't offer international services, according to its social media reviews, this company seems to be doing good business locally and customers are satisfied with their services. Bit2C provides a quick way to buy Bitcoin against the Shekel at fair prices.
| Ease of use | Very Basic |
| Transaction Fees | 0.5-0.79% |
| Deposit/Withdrawal Fee | 0.5-0.79% |
| Deposit/Withdrawal Fee For Bank Transfer | 60 Nis/withdrawal |
| Deposit/Withdrawal Fee For Credit Card | N/A |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | No |
Deposit/Withdrawal Options:
Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto
Functionality:
Bit2C offers white label partnership opportunities, in which they franchise the platform to anyone who wants to operate a Bitcoin exchange. The smallest order value is 10 ILS/order. Also, the platform offers users the possibility of opening multiple wallets.
Most common customer complaint:
— Most reviews about this company are positive.