Cryptocurrency Tools: Bit2C

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Bit2C is a cryptocurrency exchange, and is the first homegrown platform to come out of Israel. It was founded by Eli Bejerano and Haddar Macdasi in 2013. The cryptocurrency exchange is considered the first of its kind in the space as it is targeted toward the Hebrew speaking portion of the crypto space. With that said, Bit2C is also available in English. The platform offers trading services for New Israeli Shekel (NIS) denominated cryptocurrency pairs. Since its foundation, the platform has secured a large share of the trading market due to its focus on the Hebrew speaking community. The exchange is the only cryptocurrency exchange that offers support for deposits and withdrawals in NIS to the local bank accounts via wire transfer.

Currently, Bit2C supports BTC, ETH, LTC, and USDC.

The platform is primarily web-based, which is optimized for mobile as well as desktop. The interface is simple, and user-friendly. All information is displayed prominently. The order book does lack charting options, and so is primarily focused toward people who want to exchange their NIS for cryptocurrency.

The exchange is unable to accept deposits or payouts in USD or Euro due to strict Israeli financial restrictions. Thus, as for the choices of deposits and withdrawal options, Bit2C accepts NIS and its supported cryptocurrencies. While Bit2C is focused primarily on the Israeli cryptocurrency trading market, the exchange does no place any specific restrictions on who can use the exchange’s services.

Bit2C charges a graduated fee on all trading transaction, regardless if the transaction is a purchase or a sale. The higher the volume, the lower the fee.

Due to Israeli regulatory requirements, Bit2C account holders must verify their accounts. These requirements, though strict, is designed to detect and deter money laundering. Users will need a valid Israeli ID.

The exchange is secured using SSL technology, while users are encouraged to use 2FA.

The customer support offered at Bit2C is above average in the cryptocurrency space. There is a detailed FAQ, as well as support tickets, Fax, and telephone support. For telephone support, the service is available from Monday to Thursday (09:00-15:00 pm local time).

Bit2C offers a great cryptocurrency exchange for users looking to trade in NIS and use an Israeli platform. However, the platform is fairly limited to those outside of Israel given the registration requirements.

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