Bit2C Review: Is This Israeli Crypto Exchange Safe and Worth It?

When you're searching for a crypto exchange in Israel, Bit2C, a long-running crypto exchange based in Israel that lets users buy and sell Bitcoin and other cryptocurrencies with fiat currency. It's one of the few platforms in the country that supports direct ILS deposits and withdrawals. But just because it’s been around since 2012 doesn’t mean it’s the right choice today. Many users still trust it for its local banking links, but others warn about slow support, hidden fees, and outdated interfaces. Is Bit2C a reliable option—or a relic that’s falling behind global standards?

Bit2C is a fiat-to-crypto gateway, a service that lets you convert traditional money like Israeli shekels into digital assets without needing a bank that supports crypto. That’s useful if you’re in Israel and your bank blocks crypto transactions. But unlike global exchanges like Coinbase or Kraken, Bit2C doesn’t offer hundreds of coins. You’re mostly limited to Bitcoin, Ethereum, and a few others. It also lacks advanced trading tools—no margin, no futures, no limit orders beyond basic buy/sell. If you’re a beginner trying to dip your toes in, that’s fine. If you’re serious about trading, you’ll hit walls fast.

Security is another concern. Bit2C doesn’t publish third-party audit reports or proof of reserves. There’s no transparent insurance fund. And while it uses two-factor authentication, users report long delays when trying to recover accounts or withdraw funds. Compare that to exchanges that auto-freeze suspicious withdrawals or use cold storage with multi-sig keys—Bit2C feels like it’s running on 2015 tech. It’s also not regulated by any international financial authority, which means you have zero legal recourse if something goes wrong.

Then there’s the fee structure. Bit2C charges a flat 1% to 2% per trade, plus extra fees for ILS deposits via bank transfer. That’s higher than most global platforms, which often offer 0.1% or less for high-volume traders. And while some exchanges let you earn interest on holdings or stake tokens, Bit2C doesn’t offer any of that. You’re just buying and holding—no rewards, no growth features.

What’s missing? No mobile app with full functionality. No API for automated trading. No educational content. No customer support in English beyond basic email responses. And while some users praise its simplicity, others say it feels like using a website from a decade ago. If you’re in Israel and need to buy Bitcoin with your local bank, Bit2C might be your only option. But if you want speed, security, or scalability, you’re better off using a global exchange with Israeli fiat support.

Below, you’ll find real user experiences, fee breakdowns, and comparisons with other platforms that actually work for Israeli traders today. No fluff. Just what you need to decide if Bit2C is worth your money—or if you should move on.