US investors permitted
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Bit2C consists of four parts: general information, fees, deposit methods and security.
Bit2C is an exchange based in Israel. To our knowledge, there are only two Israeli cryptocurrency exchanges. This one, and CoinMama, which is vastly more popular.
Unfortunately for US-investors, Bit2C prohibits US-investors from trading on its exchange. Interested US-investors must therefore refer to any of the other top crypto exchanges.
Bit2C Trading fees
Bit2C offers a so called “flat trading fee” of 0.50%. The exchange does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.
The trading fees of 0.50% are above the industry average (being around 0.25%). One should closely consider whether Bit2C has a strong offering to investors in other respects that outweighs the disadvantage of this higher trading fee.
Bit2C Withdrawal fees
OK, you have read this far and you understand the trading fees of this exchange. But wait, there’s more you need to look out for! One very important fee that easily gets forgotten is the withdrawal fee. Let’s say you trade at a top crypto exchange with trading fees that are competitive enough. You have met your investment goals and you are looking to buy house with bitcoin. But in order to buy the house, you need to withdraw the funds. And BAM! – the exchange can make up for its low trading fees at one fell swoop.
Bit2C charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in fact in line with industry average.
Bit2C offers wire transfer as a deposit method, but credit cards are not a permitted deposit method. If you need to use your credit card for anything (to collect points or whatever), then this exchange is not the best cryptocurrency exchange site for you.
Bit2C has a security score of B. This is far above average when it comes to top crypto exchanges and could also be a factor making you conclude that Bit2C is the best cryptocurrency exchange site for you.
If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, please use our Exchange Finder here to find out which exchange has the best cryptocurrency exchange site for you.