What is Bit2c?
Bit2C is an established cryptocurrency exchange based in Israel, having been active since 2013. As of September 5, 2022, the exchange has reported significant transaction volume and user engagement.
Transaction Statistics
On the date, Bit2C recorded 288,820 transactions involving 54,105 bitcoins from 18,042 traders. Comparatively, on June 9, 2019, the exchange executed 168,344 transactions totaling 43,756 Bitcoins from 10,656 traders.
Advantages of Bit2C
The advantages presented by Bit2C, as listed on their website, include standard features such as an order book, price history, and trading tools. However, these offerings are considered commonplace in the cryptocurrency exchange space.
Restricted Access for US-Investors
Unfortunately, Bit2C prohibits US-investors from trading on its platform. Those interested in trading from the United States are advised to explore alternative cryptocurrency exchanges.
Trading View
Different exchanges provide varying trading views, and the choice depends on individual preferences. Bit2C's trading view typically includes an order book, price chart, and order history. Prospective users are encouraged to assess the trading view to ensure it aligns with their preferences.
Trading Fees
Bit2C previously followed a "flat trading fee" model (1.00% for taker and maker). However, as of September 4, 2022, the fees have been revised to 3.00% for takers and 2.50% for makers. These fees are considerably higher than the industry average of approximately 0.25%.
Withdrawal Fees
Withdrawal fees on Bit2C vary based on the cryptocurrency being withdrawn. The fees are fixed amounts, not percentage-based. The BTC-withdrawal fee is 0.0005 BTC, slightly above the industry average of 0.0004599 BTC in Q2 2022.
Deposit Methods
Bit2C supports wire transfers as a deposit method. However, credit cards are not accepted for deposits. Users seeking to use credit cards for transactions are advised to consider alternative cryptocurrency exchanges.
In conclusion, while Bit2C has a long-standing presence, potential users should carefully weigh the higher trading fees against the platform's other features before deciding to trade on this exchange.
What are the trading fees on Bit2c?
Bit2C previously followed a "flat trading fee" model (1.00% for taker and maker). However, as of September 4, 2022, the fees have been revised to 3.00% for takers and 2.50% for makers. These fees are considerably higher than the industry average of approximately 0.25%.
Does Bit2c offer leverage trading?
Bit2C does not currently offer margin trading or leverage options.
