Bit2c.co.il Cryptocurrency Review : Flat Trading Fee” of 0.50%

About Bit2c.co.il 

Bit2c.co.il was established as a cryptocurrency exchange platform in March 2013 and is one of the first exchanges to be found in the world. The company aims to provide a reliable, accessible and secure gateway to the new crypto financial system.

The trading platform enables real-time peer to peer transactions in the leading cryptocurrencies, such as Bitcoin and Ethereum, alongside payment processing services, custodial services, and an OTC liquidity desk.

Bit2C holds a permit to provide financial services according to the Financial Services Inspection Law (2016) and is pending to receive its permanent license.

How To  Start With Bit2c.co.il

To start trading with Bit2c.co.il ,Indian residents first have to sign up for an account by following the steps below.

Step 1. Click on the “Login/Signup” link on the top right hand corner of the Bit2c.co.il  website.

Step 2. In the form, fill in your first name, last name, mobile number, email ID and password.

Step 3. If you have a referral code, enter the code while creating your account.

Step 4. Submit the form and wait for an activation email to be sent to you.

Step 5. Click on the “confirm email” link in the activation email.

Step 6. After your account is activated, you’ll be sent a 6 digit one time password (OTP), which you have to enter after logging into your Bit2c.co.il account.

Trade With Bit2C

Bit2C is among the top ten Bitcoin trading exchanges established in the world.
The trading platform alows you to buy and sell cryptographic currencies against the Shekel, manage and mainten your digital currencies and to ececute large-scale transactions (OTC).

Trading fees

This exchange 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.

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! Bit2c.co 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.

This exchange charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is in fact in line with industry average.

Deposit Methods

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.

Full Privacy and Security

As per Israeli regulatory requirements, all Bit2C account holders are required to verify their account. The requirement is in line with measures designed to detect and deter anti-money laundering. Verification will require an Israeli ID and a full appendix.

In terms of security, the exchange uses Norton Secured and its servers are protected with SSL technology. On the client’s side, Bit2C offers two-factor authentication.

100% Customer Support

The customer support at Bit2C is above what most cryptocurrency exchanges are able to offer. Apart from the detailed FAQ offered, there are several other methods which you can use to request assistance from the customer support team. They include support ticket, Fax, and telephone support. For telephone support, the service is available from Monday to Thursday (09:00-15:00 pm local time).