Bit2Me Review: all the truth [2022]

Published: January 5, 2022 by Andrew

If you are looking for detailed information on Bit2Me, a fast growing cryptocurrency exchange, you are in the right place. We have a review on this website showing the main features of this exchange, so you can write yourself whether or not it is right for you.

Bit2Me is not just an exchange: the company offers its customers a rather wide range of useful features and tools, but in this guide we will mainly focus on the cryptocurrency trading platform and the services connected to it.

While we may consider him an industry veteran, it’s not easy to find reviews on Bit2Me, so let’s get started right away.

In this guide we will also show you the best alternatives to this exchange, namely online brokers such as eToro, Trade.com and ForexTB, which offer extremely convenient trading options.

Main features of Bit2Me:

📊Platform: Cryptocurrency Exchange
🧾Regulation: None
💰Starting Capital
🖥️ Available Platforms: Proprietary platform and trading app
📣 Opinions: ⭐️⭐️
🎁 Free Demo Account: NO

 

What is Bit2Me?

Bit2Me is a proprietary brand of BitcoinForMe S.L., a company based in Spain located in Germán Bernacer, 65, 03203, Elche, Alicante, Spain.

The brand was registered by the company BitcoinForMe S.L. (CIF B54835301), operating since 2015 in Spain (Europe) and which has obtained an authorization number CSB6707 issued by the Bank of Spain.

This authorization allows the company to issue credit and debit cards, but does not protect customer funds like the classic financial intermediary licenses, those issued by CySEC, CONSOB or FCA to be clear.

Founded on January 21, 2015, this company employs around 60 employees, generates an annual turnover of more than € 2 million and has a registered office at Calle Creta, 74, 03130 Gran Alacant, Alicante, Spain.

We owe the birth of Bit2Me to Leif Ferriera (CEO), Andrei Manuel (COO) and Pablo Casadio (CFO) who in 2014 embarked on the long development path of this cryptocurrency exchange.

Bit2Me Scam?

No, Bit2Me is not a scam even if, like all cryptocurrency exchanges, it does not yet have a regulation that protects users’ money, so be very careful.

Security is, without a doubt, among the most important features that must be considered when choosing a cryptocurrency exchange platform.

In the case in question, the Spanish exchange follows the directives for the recognition of KYC personal identity due to the strict anti-money laundering laws in force in Europe.

In addition, the exchange keeps 98% of cryptocurrencies on offline accounts, so as to limit the risk of theft and hacker attacks.

Bit2Me is certainly a serious exchange, which tries to protect its customers and their money, but there is no external body that controls its work.

Bit2Me alternatives

Although we have made it clear that Bit2Me is not a scam, there are much safer and more convenient alternatives on the market for those who want to trade cryptocurrencies: online brokers.

Unlike exchanges, in fact, brokers offer a series of advantages that we summarize below:

  • Licenses and authorizations that guarantee security
  • You can also do Short Selling thanks to CFDs
  • The costs and commissions are very low or totally absent
  • Demo account to practice
  • There is no risk of cyber attacks

Here is a list of the best online brokers for cryptocurrencies that you can choose as an alternative to Bit2Me:

Platform: etoro
Min. Deposit: 50€
License: Cysec
  • Social Trading (Copy the best)
  • Simple and intuitive
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: xtb
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Free Course
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: iqoption
    Min. Deposit: 50€
    License: Cysec
  • Free demo without limitations
  • Minimum deposit low
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: ubrokers
    Min. Deposit: 250€
    License: Cysec
  • Free Training
  • Zero Commissions
  • ➥ Start
    1star 1star 1star 1star 1star
    Platform: trade
    Min. Deposit: 100€
    License: Cysec
  • Free demo
  • Free course trading
  • ➥ Start
    1star 1star 1star 1star 1star
    72.30% of retail CFD accounts lose money
    Platform: forextb
    Min. Deposit: 250€
    License: Cysec
  • Free trading course
  • Free trading signals
  • ➥ Start
    1star 1star 1star 1star 1star

    Among these we have selected 3 which in our opinion represent the most advantageous options: eToro, Trade.com and ForexTB, let’s find out together:

    eToro

    eToro is certainly one of the most famous online brokers in the world, which thanks to the quality of the services offered has won the trust of over 20 million users.

    Its trading platform allows you to buy and sell cryptocurrencies as on exchanges, but also to trade them through CFDs, taking advantage of financial leverage.

    Among the most popular services of this broker is Copy Trading, a patented system that allows you to choose some traders from the eToro platform and copy their market operations.

    This way you will get the same returns as the investors you have decided to copy, here are some examples:

    etoro traders copytrading

    Past performance is no guarantee of future returns.

    Click here and choose which traders to copy

    Trade.com

    Trade.com boasts a prestigious CONSOB license, which makes this financial intermediary among the safest and most reliable, especially for Italian traders.

    The offer of cryptocurrencies that can be traded with this intermediary is always up to date and through CFDs you can also trade in stocks, indices, commodities, forex, etc.

    How do you invest in cryptocurrencies on Trade.com? Follow these 4 steps:

    1. Register on Trade.com
    2. Log into your real account by depositing at least 100 euros
    3. Choose the platform you prefer
    4. Select the cryptocurrency you want to trade and click Buy or Sell
    Register for free on Trade.com here

    One of the services that has contributed most to Trade.com’s fame is its Trading Course. An ebook that explains the basics of online trading, the most effective strategies and the most useful tools.

    You can download this pdf even if you are not a Trade.com client, here is the official link:

    Click here and download the Trading Course for free

    ForexTB

    ForexTB is a broker that has been offering its financial services all over the world for over 20 years, backed by a CySEC license, one of the most rigorous entities ever.

    Thanks to the wide range of CFDs, you can trade not only the main cryptocurrencies, but also stocks, forex, commodities and indices.

    This Broker offers its members two operating platforms: The WebTrader and the MetaTrader, different from each other, but both extremely professional.

    How do you buy cryptocurrencies on ForexTB? Follow these 4 steps:

    1. Register on ForexTB
    2. Log into your real account by depositing at least 100 euros
    3. Choose the platform you prefer
    4. Select the crypto you are interested in and click on Buy or Sell
    Register for free on ForexTB here

    Exchange Bit2Me: how it works

    This exchange is a centralized trading entity, just as are some of the most famous exchange sites, such as Bittrex, Binance, Gemini, etc. . This simply means that it is not a decentralized platform like Uniswap or SushiSwap, but a company controlled by the founders and partners.

    Bit2Me offers its users the ability to buy cryptocurrencies with fiat money and, more specifically, through a credit or debit card.

    Bit2Me deposit and withdraw

    The ability to buy cryptocurrencies with a credit or debit card opens up investment opportunities to a wide audience, even made up of untrained people.

    On the other hand, buying cryptocurrencies with a credit or debit card is very simple and this is certainly an advantage.

    The receipt and transfer of funds in the Bit2Me wallet is completely free.

    The Bit2Me card also allows you to make transactions in BTC and this is a huge step forward for the sector.

    There are around 10,000 ATMs across Europe that support the Bit2Me card and can be used to withdraw money from your exchange account.

    Cryptocurrencies

    While there are several high-end cryptocurrency exchanges available on the market, one of the biggest challenges that individuals face is the fact that many of these exchange sites support very few cryptocurrencies.

    Unless you want to use a decentralized exchange (which, of course, has its pros and cons), you may have a hard time finding an exchange platform that meets your every need.

    Bit2Me supports a huge variety of crypto assets. These include, in addition to the big names in the sector such as Bitcoin and Ethereum, also tokens such as AAVE, SUSHI and ZEC.

    While you are unlikely to find entirely new niche tokens or altcoins, the variety of assets available on Bit2Me shouldn’t disappoint.

    Bit2Me fees

    Commissions are often cited as one of the main characteristics to consider when choosing a financial intermediary. In fact, depending on the commissions that a platform requires, the potential profits can fluctuate a lot or even be canceled.

    At the same time, commissions are also one of the factors on which the different exchanges compete, which must be able to keep up with the CFD Brokers, which allow you to trade at zero commissions!

    Bit2Me’s commissions are certainly not the lowest on the market, not only in proportion to the costs of the online brokers that we have proposed as an alternative, but also to rivals among exchanges.

    To buy or trade cryptocurrencies on Bit2Me you will have to pay a flat fee of 0.95%. Furthermore, as regards the Fiat payment, there are also additional fees that make transactions even more expensive.

    But the fixed commission is already a huge cost, especially when compared with the zero commissions of CFD brokers and those of the best exchanges which fluctuate between 0.1% and 0.25%.

    Unfortunately, Bit2Me’s fees are among the highest on the market and make it particularly inconvenient to use this exchange site.

    Bit2Me Token

    Bit2Me is often announcing new services and important updates to complement its offering.

    Their most recent announcement was that of the Bit2Me Token (B2M), an ERC-20 token that uses the Ethereum (ETH) network. It is a cryptocurrency that, in the wake of the Binance Coin, will allow you to take advantage of benefits and discounts on the Bit2Me platform.

    The issue and launch of this token is flanked by new services offered by the exchange, such as Bit2Me Earn, a financial instrument that allows you to receive interest when cryptocurrencies are “blocked”, and Bit2Me Loan, to obtain loans using cryptocurrencies as a guarantee.

    This is in addition to the discounts and exclusive benefits for B2M token holders within the Bit2Me platform.

    The ICO of the B2M token took place from 6 September 2021 to 30 September 2021 and placed on the market 25% of the planned total of B2M tokens, which will reach 5 billion coins.

    Bit2Me opinions

    Considering all the pros and cons of the exchange in question, at this point you should have all the elements to decide whether or not to use this site or whether to opt for a CFD Broker, much safer and more convenient, especially if you are trading online at a high frequency ( Day trading, scalping, etc.)

    The reviews you can read on the web show a stable cryptocurrency exchange platform, which offers its users a huge variety of different features. These also include great customer support and a large variety of tradable cryptocurrencies.

    Users are particularly satisfied with the debit card issued by Bit2Me, which allows them to buy cryptocurrency with their funds or convert them into legal currency directly from an ATM.

    Among other things, the most positive opinions concern training, which has always been one of the cornerstones of the offer of this exchange. Its Academy allows anyone to learn many concepts regarding cryptocurrencies and to study the most effective trading strategies.

    Unfortunately, the high commissions demolish all the advantages listed above and make Bit2Me inconvenient, both for beginners and for more experienced traders.

    bit2me

    Conclusions

    The lack of a true financial brokerage license and the high fees make Bit2Me an unpopular choice.

    Despite being an exchange with numerous quality services, traders aim for profit and when it is reduced by this much from commissions, it becomes difficult to use such a site to trade crypto.

    If you are looking for a reliable, safe but also convenient intermediary, the CFD Brokers that we have proposed as an alternative to Bit2Me are certainly the ideal solution. Also consider the fact of being able to test them without running any risk and without making any deposit, thanks to the Demo account offered by eToro, Trade.com and ForexTB. Here are the links to log in:

    How are the reviews on Bit2Me?

    Mostly they are positive but the high fees make it an unpopular choice.

    What is Bit2Me?

    It is a Spanish cryptocurrency exchange, founded in 2015.

    How much is the Bit2Me token worth?

    The price of the B2M token fluctuates between $ 0.06 and $ 0.25.

    Is Bit2Me safe?

    Yes but not entirely, if you want a safe broker, it is much better to opt for eToro, an extremely reliable and very affordable broker.

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