Introduction
Bit2C.co.il is an Israeli Bitcoin and cryptocurrency exchange that launched in 2013. The company was one of the first exchanges to offer BTC/ILS (Bitcoin to Israeli Shekel) trading pairs. In this Bit2C review, we will take a look at the regulations, platforms, pros, cons, and traders ratings for the exchange.
Bit2C Review
Since its inception in 2013, Bit2C has been a leading Bitcoin exchange in Israel. The platform is designed for both novice and experienced traders, and offers a wide range of features and tools.
Bit2C is regulated by the Israeli Securities Authority (ISA), and all trades are subject to Israeli law. The platform supports multiple languages, including English, Hebrew, and Russian.
Pros:
– Wide range of features and tools
– Supports multiple languages
– Regulated by the ISA
Cons:
– Not available to international users
The different types of accounts on Bit2C
There are four different types of accounts on Bit2C: personal, corporate, joint, and custodial. Each account type has its own set of benefits and drawbacks.
Personal accounts are the most basic type of account on Bit2C. They allow you to buy, sell, and trade cryptocurrencies. However, they do not offer any other features or services.
Corporate accounts are designed for businesses. They offer all of the same features as personal accounts, plus a few additional ones. For example, corporate accounts can have multiple users and come with a dedicated customer support team.
Joint accounts are similar to personal accounts, but they allow two people to share an account. This can be useful if you want to trade with someone else or if you’re looking to save on fees.
Custodial accounts are the most advanced type of account on Bit2C. They offer all of the features of personal and corporate accounts, plus a few extra ones. For example, custodial accounts come with insurance against losses due to hacking or theft.
The Pros and Cons of Bit2C
There are a number of pros and cons to using the Bit2C exchange. For one, the exchange is based in Israel, which may be considered a pro or a con depending on your location. The exchange also offers a variety of different cryptocurrencies to trade, including Bitcoin, Ethereum, Litecoin, and more. However, the trading fees on the Bit2C exchange are relatively high when compared to other exchanges.
Traders ratings
In this section, we will examine the different trader ratings for BitC.co.il. We will look at the platform’s regulation, platforms, pros, cons, and traders ratings.
BitC.co.il is a regulated broker by CySEC since 2016 under license number 261/14. The company is also registered with the FCA in the United Kingdom (registration number 728735) and BaFIN in Germany (registration number 146583).
The broker offers two account types: Standard and Pro. The Standard account requires a minimum deposit of $250 and gives access to over 50 assets including forex pairs, stocks, indices, and commodities. The Pro account requires a minimum deposit of $25 000 and gives access to all assets available on the platform including cryptocurrencies. Both accounts offer leverage up to 1:200 and spreads starting from 0 pips on EUR/USD.
The platform used by BitC is the popular MetaTrader 4 (MT4). MT4 is available as a desktop application, web-based platform, and mobile app. The broker also offers trading signals and auto-trading through its proprietary software called Sirix Webtrader.
Sirix is a social trading platform that allows users to copy the trades of other successful traders. The broker makes money from the spread (difference between buy and sell prices) on each trade executed on the platform.
BitC has mixed reviews when it comes to trader
Conclusion
If you are considering using the Bit2C.co.il exchange, this review will give you a good idea of what to expect in terms of regulation, platforms, pros and cons, and traders ratings. Overall, the exchange seems to be well-regulated and offers a variety of platforms for trading, which is great for experienced traders. However, the lack of customer support and limited payment options may be drawbacks for some users.