Cryptocurrency trading has been on the rise, and thus, investors are always looking for a reliable cryptocurrency trading platform. Bit2Me allows traders to seamlessly buy, sell or exchange leading cryptocurrencies on its platform. It has made the trading of cryptocurrency easier by implementing necessary requirements. To know more about this cryptocurrency exchange, read this Bit2Me review thoroughly!
|Supported Fiat Currencies||Euro|
|Supported Countries||Worldwide except USA|
|Deposit Fees||Depends on Currency|
|Transaction Fees||Depends on Currency & Payment Method|
|Withdrawal Fees||Depends on Currency & Payment Method|
|Customer Support||Mail, Whatsapp, Ticket system, Phone calls & FAQs Support|
What Is Bit2Me?
Bit2Me is a leading cryptocurrency trading platform based in Spain launched in 2014 by two cryptocurrency enthusiasts, Andrei Manuel and Leif Ferreira. The platform was primarily designed to function 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 education materials, making it one of the largest investment platforms available. Bit2Me allows multiple payment methods which makes it even easier and more convenient for traders, especially for beginners who haven’t had much experience in cryptocurrency trading before.
Bit2Me is the world’s first exchange registered with the Bank of Spain. It stands out for its security, transparency, customer support in 9 languages, 24/7 phone and email support, competitive commissions from 0% to 0.6%, free academy with +5 million students, and Earn service to get rewards for your cryptocurrencies without commissions or blockades. It allows users to buy more than 232 cryptocurrencies with a few taps on their smartphones easily and securely. For more professional users, Bit2Me offers a high-frequency trading service with low commissions and a very liquid market, where the spread is almost zero.
How Does Bit2Me Work?
Bit2Me allows users to buy cryptocurrencies super-fast, securely and for anyone in the world via bank transfer, Apple Pay, Google Pay, debit card, credit card and Tikebit. As soon as a user sends money 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 that pair is selected as soon as the Bit2Me team confirms the bank transfer payment. At the same time, Bitcoins will be released when payment is received in the user’s bank account.
Alternatively, users can also buy cryptocurrencies instantly with payment gateways such as Tikebit. For this, users only need to visit the exchange’s official website and check the nearest Tikebit outlet to transfer their funds. These outlets like Tikebit provide a unique code-based voucher that users can redeem to buy Bitcoins on this exchange website.
Let us explore all the expectations Bit2Me offers, and the following core features to its registered users:
Bit2Me’s website interface is user-friendly and thus allows both newbies and advanced traders to execute trades peacefully.
Bit2Me provides an integrated multi-currency wallet that allows users to send, receive, store, exchange, buy and sell multiple cryptocurrencies in a faster and simpler way. It offers 232 Lite wallets that allow users to buy, sell, store, exchange, transfer, and send leading coins of crypto like Ethereum, Bitcoin Cash, Dash, Litecoin, and Ripple, & two full wallets support Bitcoin, Bitcoin Testnet, multi-crypto, and Euro(Traditional Money). Bit2Me also supports instant cryptocurrency payments to anywhere in the world for free through its Bit2Me Pay service, simply by providing a phone number or email address of the recipient.
Bit2Me secures the client’s digital currency through a combination of secure online servers and offline (“cold”) storage. Bit2Me holds 98% or more of the customer’s digital currency in cold storage, with the remainder on secure online servers as needed to meet our customers’ liquidity needs. In addition, users’ cryptocurrencies in wallet are insured to €150,000,000 in partnership with Ledger Enterprise.
Bit2Me allows its customers to set up their business accounts to accept payments in cash and currencies in digital. Keeping several business accounts under one head helps users manage their payroll, purchases, accounts receivable, and accounts payable. Bit2Me Swap allows instant exchange with one click from one cryptocurrency to another at the best conversion price.
Bit2Me urges its clients to secure their accounts with two-factor authentication protection so that they can easily detect any hacking attacks and stay alert.
Is Bit2Me Regulated?
Bit2Me is a registered trademark of the company Bitcoinforme S.L. (CIF B54835301), operating since 2015 in Spain (Europe) and protecting customers and their funds, complying with the current regulations on the Prevention of Money Laundering and Prevention of Terrorist Financing. Last year, Bit2Me reached the milestone of being the first cryptocurrency platform in the world to be recognized by the Bank of Spain as a provider of virtual currency exchange services for fiat currency and custody of electronic wallets.
Bit2Me Reviews: Pros and Cons
|Easy-to-use platform.||Not available in Canada and the United States.|
|Processes a very high trading volume in Europe.|
|Supports buying and selling cryptocurrencies with credit cards, Apple Pay and Google Pay.|
|Provides an iOS app and Android-compatible mobile app.|
|Has more than 10,000 ATMs all across Europe for easy conversion of cryptos to euros.|
|Supports multiple languages.|
|Facilitates secure crypto transactions via blockchain events, bitcoin education, DEX facilities, etc.|
How to Buy and Sell Cryptocurrencies on Bit2Me?
To buy or sell cryptocurrencies on the Bit2Me, users need to follow these steps simply:-
Visit Bit2Me’s official website and click on the “Create Account” button, which will direct users to a registration page. Users need to fill out the form with some basic details like email address, phone number, and a strong password. After successful registration, the Bit2Me team will send an activation mail into the email id provided by the users, which they need to open and click on to activate their account on the platform.
Next, the registered users need to fund their accounts with the requisite amount to begin trading on the platform.
After funding, users can log into their accounts, and they will be directed to the main page where they would need to select their operations, what they want to do- buy or sell cryptocurrencies. If users want to buy cryptocurrencies, they click on the “Buy” option and select their chosen cryptocurrency from the drop-down box.
Select Payment Options
After selecting their preferred cryptocurrencies, users are now required to choose one of the payment methods supported on the platform. They are also required to enter the amount of money they want to spend to buy crypto coins on the platform.
Select the Wallet Option
In this step, users must enter the wallet address to store their cryptocurrencies after buying them. They can send the purchased digital currencies to the Bit2Me wallet or enter their external wallet address.
Based on the selected payment options by the user, the purchased coins will be reflected in their chosen wallet as soon as the platform receives the money.
While trading on the Bit2Me crypto exchange, traders may have to pay attention to the transaction, trading, and other fees. Bit2Me does not charge fees for depositing or withdrawing funds on the platform. Users can deposit using crypto, SEPA bank transfers, debit or credit cards, Apple Pay, and Google Pay without any charges. However, network fees, bank commissions, and other exchange rates may exist outside the exchange. Users can enjoy EUR and crypto custody services, free of cost, along with transfers between client accounts. Bit2Me does not charge fees for transferring or storing funds, account inactivity, or maintenance.
For Bit2Me PRO account holders, the platform may charge taker and maker fees ranging between 0.10% to 0.60% and 0% to 0.50%, depending on their trade volume. This is only for crypto/USDT and crypto/EUR currency pairs. For stablecoin/EUR currency pairs, the maker and taker fees on Bit2Me range between 0% to 0.20% and 0.001% to 0.20%, depending on the trade volume. Trading fees are charged once the order is executed. In case the trade order gets canceled before execution, no fees will be charged.
Coming to wallet fees, the conversion, purchase, or sale of crypto through digital wallet users may need to be wallet fees, depending on different variables like transaction size, the currency being used, existing market conditions, and the payment method. Users using Bit2Me Mastercard Card may have to pay different fees such as maintenance fees, transaction costs, payments within and outside the EuroZone, withdrawals, ATM withdrawals, and more.
Check out this link to learn about the Bit2Me Mastercard fees. Lastly, the platform does not charge any commission for using the platform’s Earn product. There is no lock-in period; hence, users can add and withdraw funds whenever they want without any waiting period.
Bit2Me Accepted Payment Methods
Traders can buy, sell and accept cryptocurrencies supported on the platform using a VISA or Mastercard issued credit card & debit card. Credit card transfers are processed almost instantly, and the traders do not have to wait for long; the delivery of coins in crypto is done within an hour. Other payment options include a bank account transfer or a SEPA Credit transfer.
Bit2Me Supported Currencies and Countries
There are over 20 cryptocurrencies available for trading on the Bit2Me platform, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Dash. Residents of almost all countries globally can operate it except for the US due to some strict regulatory policies in the nation.
Bit2Me Mobile App
The platform offers a mobile application that helps traders to trade on the go. The app is compatible with both Android and iOS devices which makes it even more convenient for traders.
Bit2Me offers the following security features to its users:-
Bit2Me stores 98% of its customers’ assets in cold (offline) storage and the remaining in secure online servers to seamlessly serve the liquidity needs of their customers.
Bit2Me plans to implement a commercial, criminal insurance plan of an aggregate amount greater than cryptocurrency values held in online storage. The insurance policy will be made available via Bit2Me and various third-party insurance underwriters who will also be the co-insurer under the insurance policy. According to a Bit2Me review, the policy will ensure customers against theft of cryptocurrencies resulting from any security breach or hack, fraudulent transfer, or employee theft.
Electronic Money Institution
Bit2Me stores clients’ money in an Electronic Money Institution regulated by the Bank of Spain, thereby complying with all the regulatory compliances under the Spanish and European regulations, thus guaranteeing the safety of the client’s money.
Customers’ money is held as cash in dedicated custodial pools separate from Bit2Me funds, and it cannot use these funds for any of its operating or corporate expenses. Thus, funds are always available in these custodial pools, and the customers can withdraw them whenever they want to.
Just like many reputed cryptocurrency exchanges all Bit2Me clients are given the best option to secure their accounts with authentication (2FA) protection. With this secure protection at disposal, they will prevent unauthorized access even if hackers obtain the credentials.
While making this review, we get to know that all sensitive data on the Bit2Me platform is encrypted with cryptography. Moreover, all communications between the exchange and the client are always secured via point-to-point SSL encryption and cryptographic protocols.
Alike many secure cryptocurrency exchanges, Bit2Me always sends instant notices to users via email every time an account is accessed or funds are withdrawn. This helps users stay alert if any misuses of their accounts happen and can immediately block them.
Machine Learning Algorithms
Lastly, Bit2Me employs machine learning algorithms to effectively analyze account holders’ behavior which can help in detecting any suspicious transactions. The platform’s development team freezes those accounts to protect the users’ money if such a behavior is seen. For this, it employs specialized software for real-time monitoring of client accounts.
Bit2Me Customer Support
The support team at Bit2Me is solid and supportive. There are also several other support channels apart from email and WhatsApp, 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 educates users about currency investments and trading prospects and how it can increase their net worth. It is worth mentioning that the customer support services at this exchange are available in multiple languages, including English, Spanish, French, Romanian, Polish, Portuguese, Italian, and Hungarian.
Also, while making this review article, we observed that there is a dedicated FAQ section which in itself is self-satisfactory. It has almost all the common questions that a crypto trader might ask and has all the relevant answers in an elementary language.
Bit2Me Review: Conclusion
Thus, Bit2Me has made trading (selling and buying) cryptocurrencies easier, faster, and safer. As per our review and research, we can say that the site is well-organized, provides easy navigation, and is compatible with both mobile and desktop devices.
Simply reviewing the exchange’s site in itself is very convincing for first-time crypto traders. Every section on the website is well-defined. The mobile app is easy to use and mirrors the desktop version that offers many options for customers to help them trade on the go. Thus, according to various Bit2Me reviews available, it appears to be a reliable & most trusted cryptocurrency exchange platform for trading. Even the support department for the customer is very supportive to minimize any negative reviews about the platform.
Is Bit2Me Trustworthy?
According to the various reviews, the platform appears trustworthy, with many security mechanisms employed by the exchange to safeguard clients’ funds. Moreover, the platform operates with the crediable Bank that adds to the credibility of the platform. User can invest money to get gains from the market in a safe and secure environment.
Is Bit2Me Legit?
Yes, Bit2Me is a safe cryptocurrency service provider based in Spain. One of the only exchange uses secure servers and offline wallets to protect its customer’s assets and funds. The firm also provides insurance covers to protect the registered account holders from cryptocurrency thefts and hacking attacks.