On the Nature of the 2.4 Hr-Period Eclipsing Cataclysmic Variable W2 in 47 Tuc

W2 (CXOGlb J002415.8-720436) is a cataclysmic variable (CV) in the Galactic globular cluster 47 Tucanae. Its modulation was discovered within the CATS@BAR project. The source shows all the properties of magnetic CVs, but whether it is a polar or an intermediate polar is still a matter of debate. This paper investigates the spectral and temporal properties of the source, using all archival X-ray data from Chandra and eROSITA Early Data Release, to establish whether the source falls within the category of polars or intermediate polars. We fitted Chandra archival spectra with three different models: a power law, a bremsstrahlung and an optically thin thermal plasma. We also explored the temporal properties of the source with searches for pulsations with a power spectral density analysis and a Rayleigh test (Z_n^2). W2 displays a mean luminosity of ∼ 10^32 erg s^-1 over a 20-year span, despite lower values in a few epochs. The source is not detected in the latest observation, taken with Chandra in 2022, and we infer an X-ray luminosity ≤ 7 × 10^31 erg s^-1. The source spectral shape does not change over time and can be equally well fitted with each of the three models, with a best-fit photon index of 1.6 for the power law and best-fit temperatures of 10 keV for both the bremsstrahlung and the thermal plasma models. We confirm the previously detected period of 8649 s, ascribed to the binary orbital period, and found a cycle-to-cycle variability associated with this periodicity. No other significant pulsation is detected. Considering the source orbital period, luminosity, spectral characteristics, long-term evolution and strong cycle-to-cycle variability, we suggest that W2 is a magnetic CV of the polar type.