Cryptocurrency trading is on the rise and hence investors are always looking for a reliable cryptocurrency trading platform. Bit2me crypto exchange allows traders to seamlessly buy, sell or exchange leading cryptocurrencies on its platform. It has simplified cryptocurrency trading by implementing the requirements. To learn more details about this cryptocurrency exchange, read this Bit2Me review thoroughly!
What is Bit2me crypto exchange?
Bit2me crypto exchange is a leading crypto trading platform based in Spain, launched in 2014 by two crypto enthusiasts, Andrea Manuel and Leif Ferreira. The platform was primarily developed as an all-in-one crypto platform where users can buy and sell bitcoins, create their best crypto wallet or bitcoin wallet, and access learning and educational materials, making it one of the largest investment platforms available. Bit2Me allows for multiple payment methods, making it even easier and more convenient for traders, especially for beginners who haven’t gained much experience in crypto trading.
Bit2Me bears the trademark of Bitcoin for Me S.L. and is headquartered in Alicante, Spain. It is one of the first companies in Spain to enter the digital currency market and another leading cryptocurrency exchange called Bitnovo. It allows users to buy more than 20 cryptocurrencies with a few swipes on their smartphones using their linked bank accounts. Over 150 banks operating in the European Union are accepted on Bit2Me. Users can easily sell their cryptocurrency coins at a predefined price and withdraw their euros in cash from the nearest ATMs.
How does Bit2me crypto exchange work?
Bit2me crypto exchange allows users to buy cryptocurrencies via bank transfer. Once a user sends funds via bank transfer, along with an email attached to the platform’s website confirming the funds sent, the broker reserves the Bitcoins (BTC) on behalf of that user. The cryptocurrency price of this pair will be chosen once the Bit2Me team confirms the payment via bank transfer. At the same time, bitcoins are released when the payment is received in the user’s bank account.
Alternatively, users can also buy cryptocurrencies instantly using payment gateways like Tikebit. To do this, users just need to visit the official website of the exchange and check the nearest Tikebit outlet to transfer their funds. These outlets like Tikebit issue a unique code-based coupon that users can redeem to buy bitcoins on this exchange site.
Bit2me crypto exchange Features
Let’s explore all the expectations Bit2me crypto exchange offers, the following core features for its registered users:-
Bit2Me’s website interface is user-friendly and allows both novice and advanced traders to execute trades peacefully.
Bit2me crypto exchange offers an integrated multi-currency wallet that allows users to send, receive, store, exchange, buy and sell multiple cryptocurrencies faster and easier. It offers 66 Lite wallets that allow users to buy, sell, store, exchange, transfer and send leading cryptocurrencies like Ethereum, Bitcoin Cash, Dash, Litecoin, Ripple and two full wallets support Bitcoin, Bitcoin Testnet and Multi-Crypto, and Euro (traditional money). Bit2Me also supports instant payments and micropayments in cryptocurrencies.
Bit2me crypto exchange stores almost 98% of its customers’ funds in offline cold storage to add an extra layer of security to keep them safe.
Bit2me crypto exchange allows its customers to set up their business accounts to accept cash and digital currency payments. Having multiple business accounts under one roof helps users manage their payroll, purchases, accounts receivable, and accounts payable. Bit2Me Swap allows instant one-click exchange from one cryptocurrency to another at the best conversion rate.
Bit2me crypto exchange urges its customers to secure their accounts with two-factor authentication protection to easily detect hacking attacks and remain vigilant.
Is Bit2Me regulated?
Bit2me crypto exchange is the trademark of the company Bitcoin for me S.L, legally registered with CIF B54835301. It also works with an e-money institution regulated by the Bank of Spain to protect the customer’s money.
Bit2me crypto exchange reviews: pros and cons
- Easy to use platform.
- Handles a very high volume of trade in Europe.
- Supports buying and selling cryptocurrencies with credit cards.
- Offers an iOS app and an Android-compatible mobile app.
- Has 10,000+ ATMs across Europe for easy crypto to euro conversions.
- Supports multiple languages.
- Enables secure crypto transactions via blockchain events, bitcoin training, DEX facilities, etc.
- Not available in Canada and the United States.
- Bit2Me fees are slightly higher.
How to buy and sell cryptocurrencies on Bit2Me?
To buy or sell cryptocurrencies on Bit2Me, users simply need to follow these steps:-
Visit Bit2Me’s official website and click on the “Create Account” button, which will redirect users to a registration page. Users need to fill out the form with basic details like email address, phone number, and a strong password. After successful registration, the Bit2me crypto exchange team will send an activation mail to the email id provided by the users, which they need to open and click to activate their account on the platform.
Next, the registered users need to fund their accounts with the required amount to start trading on the platform.
After funding, users can log in to their accounts and are directed to the main page where they have to choose their operations, and what they want to do – buy or sell cryptocurrencies. When users want to buy cryptocurrencies, they click on the “Buy” option and select the desired cryptocurrency from the drop-down box.
Choose payment options
After choosing their preferred cryptocurrencies, users now need to select one of the payment methods supported on the platform. They also have to enter the money they want to spend to buy crypto coins on the platform.
Choose the wallet option
This step requires users to enter the wallet address to store their cryptocurrencies after purchase. You can send the purchased digital currencies to Bit2Me wallet or enter their external wallet address.
Based on the payment options selected by the user, once the platform receives the funds, the purchased coins will appear in their chosen e-wallet.
On the platform, traders have to pay both trading and transaction fees. Bitcoin trading fees are around 2.76%, higher than the global industry average. In addition, a mining fee of €1.70 is charged for each transaction executed on the platform.
The platform also sets exchange rates and limits on the total amount of crypto purchases, which is $20,000 per day. If users intend to buy a higher limit, they can contact the Bit2me support team for help. Bank transfers are free but may take longer to process as they are not instant.
If users intend to buy crypto coins using a credit card, a fee of 3% of the total amount of trade is payable to the platform as a trading fee. With a credit card, the maximum permissible purchase limit for other cryptocurrencies is up to 5,000 euros per day. Even the Bit2Me card can be purchased. This Bit2Me card is a fantastic way to pay for anything with your account.
If users intend to use instant payment methods like Tikebit, they can instantly reserve the crypto coins like Bitcoin Cash, Ethereum, etc. and the coins will deliver as soon as they redeem the Tikebit code. In this case, the daily purchase limit is up to €1,000 worth of digital currencies, and 2.5% of all executed trades will pay as trading fees. Users can invest in the OTC market for the long term. Also, the Ethereum mining fee is zero.
Payment methods accepted by Bit2Me
Merchants can buy, sell and accept cryptocurrencies supported on the platform using a VISA or Mastercard issued credit and debit card. Credit card transfers are processed almost instantly and merchants don’t have to wait long; Coins in crypto are delivered within an hour. Other payment options include a bank account transfer or a SEPA transfer.
Currencies and countries supported by Bit2Me
There are over 20 cryptocurrencies available for trading on the Bit2me crypto exchange, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dash. Residents of almost every country worldwide can operate it due to some strict regulatory policies in the nation except for the US.
Bit2Me Mobile App
The platform offers a mobile application that helps traders trade on the go. The app is compatible with both Android and iOS devices, making it even more convenient for traders.
Bit2me crypto exchange offers its users the following security features:
Bit2me crypto exchange stores 98% of its customers’ assets in cold (offline) storage and the rest on secure online servers to seamlessly meet its customers’ liquidity needs.
Bit2me crypto exchange plans to implement a commercial criminal insurance plan with a total amount greater than cryptocurrency assets held in online storage. The Insurance Policy will make available through Bit2Me and various third-party insurers who will also be the co-insurer under the Insurance Policy. According to a Bit2Me review, the policy protects customers from cryptocurrency theft resulting from security breaches or hacks, fraudulent transmissions, or employee theft.
Electronic Money Institute
Bit2Me stores customer funds in an e-money institution regulated by the Bank of Spain, thereby complying with all regulatory requirements of Spanish and European regulations, guaranteeing the security of customer funds.
Clients’ money is held as cash in special custody pools separate from Bit2Me funds and it cannot use these funds for any operational or corporate expenses. Therefore, funds are always available in these depository pools and clients can withdraw them whenever they want.
Just like many reputable cryptocurrency exchanges, all Bit2Me customers will have access to the best option to secure their accounts with authentication protection (2FA). With this secure protection at their disposal, they prevent unauthorized access, even if hackers get their credentials.
During this review, we learn that all sensitive data on the Bit2Me platform will encrypt using cryptography. Furthermore, all communication between the exchange and the client will always be secure via point-to-point SSL encryption and cryptographic protocols.
Like many secure cryptocurrency exchanges, Bit2me crypto exchange always emails users instant notifications whenever an account will access or funds will withdraw. This helps users stay alert to any misuse of their accounts and get them banned immediately.
Machine Learning Algorithms
Finally, Bit2me crypto exchange uses machine learning algorithms to effectively analyze account holder behavior, which can help in detecting suspicious transactions. The platform’s development team freezes these accounts to protect users’ money when such behavior is observed. For this purpose, it uses specialized software for real-time monitoring of customer accounts.
Bit2Me Customer Support
Bit2Me’s support team is solid and supportive. Besides email and WhatsApp, there are also several other support channels including ticket systems, phone calls (in Europe), live chat, and the most useful Bit2Me academy. The bit2me Academy offers more than just a customer support platform; it enlightens users about currency investing and trading prospects and how it can increase their net worth. It is worth noting that the customer service on this exchange is available in multiple languages including English, Spanish, French, Romanian, Polish, Portuguese, Italian, and Hungarian.
Bit2Me Review: Conclusion
Thus, the Bit2me crypto exchange has made trading (selling and buying) cryptocurrencies easier, faster, and safer. As per our review and research, we can say that they organized the website very well. It offers easy navigation and is compatible with both mobile and desktop devices.
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