Alexandria by CoinMarketCap takes a deep dive into Bit2Me (B2M), the largest cryptocurrency exchange in Spain.
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers (that’s right, millions love us!) — what are you waiting for?
How Does Bit2Me (B2M) Work?
New investors can quickly get started, thanks to the various payment options offered by the platform. The exchange offers 100 different cryptocurrencies that users can easily buy, sell, and store for euros. Thanks to the uncomplicated onboarding, even crypto beginners can start their journey without friction.
Bit2Me is backed by an experienced senior management team with experience in business, technology, and investments. Its CEO, Leif Ferreira, has more than ten years of experience as a full-stack engineer and founder of previous startups. He was also an Advisor to the European Blockchain Committee and the Winner of FinTech Americas Hackathon 2015. COO Andrei Manuel launched Bitphone, the world's first cryptographic mobile top-up product. He also founded Tikebit, a service enabling over-the-counter crypto trading in Spain at more than 250 establishments.
Unique Features of Bit2Me
Bit2Me has everything a trader could ask for from a cryptocurrency exchange.
With the Bit2Me Wallet, traders can buy, sell, send, receive, and store crypto. Creating an account is free, and the wallet supports multiple cryptocurrencies. In total, there are 99 Lite Wallets (partial support for crypto) and three Full Wallets (full trading support). Traders can deposit in Euros via bank transfer, credit or debit prepaid card, payments from friends, or even with cash. Withdrawals are via international bank transfer, cash, transfers to friends, and to the Bit2Me Mastercard. Crypto is also possible. In addition, Bit2Me offers personalized 24/7 support via phone, chat, mail, and text and video tutorials.
Bit2Me Trade is the exchange's crypto trading tool that promises large volumes and great liquidity. On its BTC/EUR pair, fees are 0.1% for takers and 0% for makers.
Bit2Me offers users the option to send funds to their friends with a Bit2Me account for free. Users can send cryptocurrencies or fiat currencies and only need the person's email account or phone number. In the future, Bit2Me also plans integration with social media accounts that will enable paying your favorite social network contacts.
Bit2Me Commerce is the exchange's payment integration that enables online or physical businesses to accept cryptocurrencies. Businesses can benefit from low commissions, irreversible payments, and customer privacy; all provided through the exchange's API. Withdrawals are in crypto, to the Bit2Me Mastercard, or in euros.
Institutional investors have the option of storing their crypto at Bit2Me in a highly secure cold storage option. Their funds are insured up to €100 million, and they can simultaneously benefit from the staking option and earn interest on their investment.
The Bit2me Card will be the official Mastercard of the crypto exchange, allowing users to pay with their crypto at more than 40 million locations worldwide. The B2M card will be available as a physical and virtual card and promises daily and weekly payments from staking, no commissions, and fast and simple one-click integration.
Institutions, hedge funds, and big private investors can buy cryptocurrencies over the counter and enjoy frictionless and deep-liquidity trades at professional prices. Bit2Me vows to have ample expertise in dealing with big institutions and strives to create long-lasting partnerships.
Bit2Me Academy is a free online learning platform for cryptocurrency and Blockchain technology. The platform provides knowledge about cryptocurrencies such as Bitcoin, blockchain technology, trading, and much more, both in text and video. In 2020 alone, Bit2Me Academy has provided content to more than 1.7 million unique users.
Use Cases of the B2M Token
Bit2Me (B2M) Tokenomics
- Public offering 1: 10% at €0.01 - six-month lock-up, six months vesting from the end of the lock-up period.
- Public offering 2: 10% at €0.015 - three-month lock-up, three months vesting from the end of the lock-up period.
- Public offering 3: 5% at €0.02 - one-month lock-up, no vesting.
- Team: 10% - six-month lock-up, 6 to 24 months vesting.
- Platform reserve: 30%
- Private seed round: 10% at €0.005 - six-month lock-up, six months vesting from the end of the lock-up period.
- Advisors: 8% - 1 to 12 months lock-up.
- R&D Ecosystem: 7%
- Airdrops: 2%
- Partners: 8%