Bit2C Exchange: What You Need to Know About This Israeli Crypto Platform

When you’re looking to buy crypto in Israel, Bit2C, a cryptocurrency exchange founded in 2012 and one of the first in the country to offer fiat-to-crypto trading. Also known as Bit2C.co.il, it was built to let Israelis trade Bitcoin and other digital assets using shekels through bank transfers, PayPal, and cash deposits. Unlike many global exchanges that ignore local banking rules, Bit2C works directly with Israeli banks — making it one of the few platforms where you can deposit ILS and pull out cash without jumping through hoops.

But here’s the catch: Bit2C, a centralized exchange with limited transparency and no public audit reports. Also known as the go-to Israeli crypto gateway, it doesn’t list hundreds of tokens like Binance or Coinbase. Instead, it focuses on Bitcoin, Ethereum, Litecoin, and a few others — keeping things simple, but also limiting options. If you’re used to trading altcoins or using advanced order types, you’ll find Bit2C’s interface basic. No margin trading, no staking, no DeFi integrations. It’s a straightforward buy-and-sell platform, designed for people who want to get into crypto without complexity.

Security is another gray area. Bit2C claims to use cold storage and two-factor authentication, but there’s no public proof — no third-party security audits, no bug bounty program, and no history of transparency reports. Compare that to exchanges like Kraken or Coinbase, which publish regular security updates. Bit2C doesn’t. That’s not necessarily a red flag, but it’s a warning sign if you’re holding significant funds.

Fees are another thing to watch. Bit2C charges a flat 1% fee for trades, plus extra costs for bank transfers and withdrawals. That’s higher than most global DEXs or even some centralized exchanges. If you’re trading large amounts, those fees add up fast. And while it supports ILS deposits via bank transfer, the process can take 1–3 business days — not ideal if you’re trying to react to market moves.

There’s also the issue of customer support. Users report slow responses and inconsistent help. If you run into a problem — say, a delayed deposit or a locked account — you’re on your own more often than not. That’s not the kind of experience you want when your money’s on the line.

So who’s Bit2C really for? If you’re in Israel, new to crypto, and just want to buy Bitcoin with your bank account without dealing with international wire transfers, it’s one of the few viable options. But if you’re looking for low fees, deep liquidity, or advanced tools, you’re better off using a global exchange like Bybit or Kraken — even if it means navigating currency conversion.

Below, you’ll find real reviews and deep dives into platforms like Bit2C — the ones that claim to be safe, the ones that hide their fees, and the ones that just vanish without a trace. Some are local gems. Others are traps dressed up as solutions. We cut through the noise so you don’t have to.