Aside from the viral crypto news that we are posting every day, in this edition of the blockchain archive we are focusing on one crypto exchange that is making news and getting more and more popular lately – Bit2C.
In a world full of crypto exchanges, Bit2C is proudly standing as one of the most dominant local exchanges – active in the Israeli market and offering crypto trading in several digital assets against the local fiat currency, ILS.
When it comes to the general accessibility, most of the users on the exchange are required to verify their identity as well as connect their account to an Israeli Bank in order to use the platform.
The main advantages of the exchange include:
- Support of fiat (ILS) and local bank transfers
- No fees on deposits
- Extended security (keeping the coins in cold storage and the fiat money separately from the company’s operating funds)
The only downside, which could soon be improved, is the fact that there are only a few altcoins listed such as Litecoin, Bitcoin Cash and Bitcoin Gold. However, there are more coins expected on the exchange.
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Also, there is no coin-to-coin trading. Regarding commissions, the fixed commission for Bitcoin is 0.001 BTC, for Bitcoin Cash it is 0.0001 BCH, for Bitcoin Gold it is 0.0001 BTG and for Litecoin it is 0.02 LTC accordingly.
All in all, Bit2C gives the Israeli population a great chance to trade crypto. As an exchange that is developed in Hebrew, it is an entry-level domestic service which offers crypto trading in most of the altcoins against Israeli shekels – and one that works with local bank transfers.
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