Bit2C Crypto Exchange Review: Is It the Best Option for Israeli Traders?

If you live in Israel and want to buy Bitcoin or Ethereum using your local bank account, Bit2C is probably the first exchange you’ll hear about. It’s been around since 2013 - longer than most crypto platforms still operating today. But is it still the best choice in 2025? Let’s cut through the noise and see what Bit2C actually offers, who it’s for, and where it falls short.

What Bit2C Actually Does

Bit2C isn’t trying to be Binance or Coinbase. It doesn’t offer hundreds of coins, margin trading, or staking rewards. Instead, it does one thing really well: lets Israeli residents buy and sell crypto using New Israeli Shekels (NIS). You can deposit money directly from your Israeli bank account - no third-party payment processors, no delays, no extra fees from intermediaries. Withdrawals go straight back to your account too.

This is huge. Most global exchanges won’t let you deposit ILS. If you’re in Tel Aviv and want to buy $500 worth of Ethereum, you’d normally have to use a middleman like Wise or Revolut, pay conversion fees, and wait days. With Bit2C, you log in, transfer NIS via bank wire, and buy ETH in under 10 minutes. That’s the core value.

Cryptocurrencies Available

Bit2C supports 12 major cryptocurrencies. That includes:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Cardano (ADA)
• Stellar (XLM)
• Dash (DASH)
• Zcash (ZEC)
• Monero (XMR)
• TRON (TRX)
• Bitcoin Gold (BTG)

You can trade these against both USD and ILS. So if you want to swap BTC for ETH using shekels, you can. Most users stick to BTC/ILS or ETH/ILS pairs because that’s where the liquidity is.

It’s not a huge selection compared to global exchanges, but it covers the essentials. If you’re looking for Solana, Dogecoin, or newer memecoins, you won’t find them here. But if you’re just trying to get into Bitcoin and Ethereum without hassle, this is enough.

Fees and Costs

Bit2C’s fee structure is simple but has a catch.

Trading fees range from 0.5% to 0.79% per transaction, depending on your volume. That’s competitive - similar to what you’d pay on smaller regional exchanges. No hidden fees on trades.

But here’s where it hurts: bank withdrawals cost 60 ILS each. That’s about $16. That’s not a typo. Whether you’re pulling out 1,000 ILS or 100,000 ILS, you pay 60 ILS. Compare that to bitcoin.de in Germany, which charges around €2-€5 for SEPA withdrawals. Or to Coinbase, which lets you withdraw EUR or USD for free up to a certain limit.

That 60 ILS fee makes small withdrawals expensive. If you’re only cashing out 200 ILS, you’re paying 30% in fees. It’s fine if you’re selling large amounts, but if you’re a casual user dipping in and out, it adds up fast.

Deposits via bank transfer are free. That’s good. But you can’t use credit cards, PayPal, or Apple Pay. Only direct bank wires.

Security and Regulation

Bit2C is registered with Israel’s financial regulators. That’s rare. Most crypto exchanges operating in Israel are either unlicensed or rely on offshore entities. Bit2C isn’t. It follows local anti-money laundering rules, requires ID verification, and reports transactions as required.

Security features include:

• SSL encryption
• Norton Secured certification
• Two-factor authentication (Google Authenticator)
• Cold storage for most user funds (exact percentage not disclosed)

There’s no insurance for user funds, though. Coinbase insures 95% of hot wallet holdings. Bit2C doesn’t offer anything like that. If something goes wrong, you’re on your own. That’s a risk.

But for most Israeli users, the regulatory backing matters more than insurance. It means the platform isn’t going to vanish overnight. And since it’s been operating since 2013 without a major breach, trust is built.

User Experience and Interface

Bit2C’s website is clean, simple, and slow to change. It looks like it was designed in 2015 and never got a major update. No fancy charts. No candlestick graphs. No indicators. No API access for automated trading (despite some sources claiming it exists).

It’s built for beginners. You click “Buy,” pick your coin, enter the amount in ILS, confirm your bank transfer, and done. No need to understand limit orders, stop-losses, or order books. The interface shows a basic price feed and a single buy/sell button.

There’s no mobile app. But the website works fine on phones. You can trade from your browser without issues.

If you’re an experienced trader looking for technical analysis tools, you’ll be frustrated. But if you’re just trying to buy Bitcoin without getting lost in 50 tabs of confusing menus? Bit2C wins.

Customer Support

Support is one of Bit2C’s stronger points. Most users say responses are quick and helpful - especially compared to the silence you get from offshore exchanges.

You can reach them by:

• Phone (Monday-Thursday, 9 AM-3 PM Israel time)
• Email
• Fax
• Support tickets

But here’s the catch: phone support is only available four days a week, and only during business hours. No weekends. No evenings. If you have an urgent issue on Friday afternoon, you’re out of luck until Monday.

There’s no live chat. No 24/7 help desk. That’s a step behind global competitors. But for a local platform focused on simplicity, it’s acceptable - as long as you plan ahead.

Who Is Bit2C For?

Bit2C isn’t for everyone. It’s not even for most crypto users globally. But for Israeli residents, it’s often the best option.

Use Bit2C if:

• You live in Israel and have an Israeli bank account
• You want to buy Bitcoin or Ethereum using shekels
• You’re new to crypto and don’t need advanced tools
• You value regulation and local compliance over global features
• You’re okay with a 60 ILS withdrawal fee if you’re selling large amounts

Avoid Bit2C if:

• You’re outside Israel - you can’t deposit or withdraw
• You trade frequently and need low withdrawal fees
• You want to trade altcoins like Solana, Polkadot, or Shiba Inu
• You need advanced charting, API access, or automated trading
• You expect 24/7 customer support

The Bottom Line

Bit2C is not a flashy exchange. It doesn’t have a mobile app, doesn’t offer hundreds of coins, and doesn’t let you trade on margin. But it solves a real problem for Israelis: how to buy crypto with your local currency, quickly, legally, and safely.

Its biggest weakness is the 60 ILS withdrawal fee. That’s a dealbreaker for small traders. But if you’re buying $1,000+ of Bitcoin every few months, the fee becomes negligible.

For Israeli beginners, Bit2C remains the easiest, most trusted gateway into crypto. It’s not perfect. But in a market where most alternatives are either blocked by regulators or too complex, it’s the only practical choice.

If you’re in Israel and want to start with Bitcoin, Bit2C is still the place to begin.