Bit2Me Gains Ground as Users Seek Alternatives to Openbank's Crypto Offering
Openbank's cryptocurrency offering within its digital banking app has gained attention in Spain, but users are considering alternatives. Bit2Me stands out as a regulated European exchange with over 400 assets and competitive fees. In contrast, Openbank offers seven cryptocurrencies with a flat 1.49% fee per trade.
One of the main differences between the two platforms is their focus. Openbank treats cryptocurrency as just another feature within its banking app, whereas Bit2Me is a dedicated exchange focused on crypto trading and services. This specialization gives Bit2Me an edge in terms of product depth, fees, and user experience.
Bit2Me's advantages include lower fees (up to 0% maker / 0.10% taker), a wider selection of cryptocurrencies (over 400), and the ability to withdraw funds directly to one's own wallet. The platform also offers additional services such as Earn, Card, and Tax tools.
On the other hand, Openbank's banking custody model has limitations, including no external wallet withdrawal option and a narrower selection of cryptocurrencies.