How To Buy Bitcoin in Israel?
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Getting bitcoins in Israel is not an easy task as not all popular crypto exchanges are available to Israeli citizens. This is a current list of bitcoin exchanges that allow users from Israel to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
<a href="https://bit2c.co.il/" target="_blank" rel="noreferrer noopener">Bit2C</a>
Ease of Use – Medium Fees – Medium Verification – 1-2 Days Reputation – Trusted Supported fiat – ILS
Founded in July 2012, Bit2C is an Israeli cryptocurrency exchange that offers to trade in several digital assets against the local fiat currency of Israel, ILS.
More info +
Deposit fees:
Free Withdrawal fees:
0.001 BTC Trading fees:
1% Payment Methods:
Wire Transfer Supported fiat:
ILS
Considered trusted and secure exchange
Low withdrawal fees
Suitable mostly for Israeli traders
The limited number of payment methods
<a href="https://bit2c.co.il/" target="_blank" rel="noreferrer noopener">Bits of Gold</a>
Ease of Use – Medium Fees – High Verification – 1-2 Days Reputation – Trusted Supported fiat – ILS
Bits of Gold is the largest cryptocurrency brokerage in Israel.
More info +
Deposit fees:
Bank Transfer: 5.95%
Credit Card: 4.95% Withdrawal fees:
N/A Trading fees:
N/A Payment Methods:
Bank Transfer, Credit Card Supported fiat:
ILS
Considered trusted and secure exchange
Suitable for beginners
Suitable mostly for Israeli traders
The exchange is not transparent enough when it comes to fees
Binance
Ease of Use – Medium Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, AUD, RUB
Over 30 million users worldwide and more than $15 billion in daily trading volume make Binance the world’s largest centralized cryptocurrencies exchange. Originally from Hong Kong and now from the small European island of Malta, this exchange was founded in July 2017, and it quickly became the most used exchange on the market. Binance is supported in 60+ countries (excluding the U.S).
More info +
Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Low fees
High liquidity
Lite and Pro version
350+ cryptos and 20+ fiat currencies
Not accessible to U.S. users
Hacked in 2019
Best Bitcoin Wallets in Israel
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Jamaica?
- How To Buy Bitcoin in Kenya?
- How To Buy Bitcoin in Zambia?
- How To Buy Bitcoin in Trinidad and Tobago?
Kraken
Ease of Use – Easy Fees – Average Verification – 2-3 Days Reputation – Trusted Supported fiat – USD, EUR, GBP, JPY, CAD
Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.
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Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16%Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
Available almost worldwide
High security
Over 90 cryptocurrencies
Various payment methods
Fees slightly above the industry average
No tax support
Coinbase
Ease of Use – Easy Fees – High Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.
More info +
Deposit fees:
0 – 3.99 % Withdrawal fees:
0 – 3 % Trading fees:
0 – 0.25 % Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments Supported fiat:
USD, EUR, GBP, RUB
Regulated and licensed
Over 4 million users worldwide
Fast support
Various payment options
Just 4 fiat currencies are available
Extensive Verification Process
LocalBitcoins
Ease of Use – Easy Fees – Low Verification – 1 Day Reputation – Trusted Supported fiat – USD, EUR, GBP, and more
When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.
More info +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
1% Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc. Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)
Available in all countries
The longevity on the crypto market
A great number of payment methods
A face-to-face meeting might be annoying
KYC is mandatory
Frequently asked questions about buying Bitcoin in Israel
One way to buy Bitcoins in Israel is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however, most of them require at least a phone number, so they aren’t totally private. LocalBitcoins is another option.
Yes, you can. LocalBitcoins exchange supports PayPal purchases in Israel.
Yes, Kraken is available in Israel.
The money you put into Bitcoin is not safe from value fluctuations. Bitcoin is a volatile investment. It’s also recommended you have an emergency fund and pay down any high-interest debts before you put any money into Bitcoin or any other cryptocurrency.
1. Log into your Binance account and click [Wallet] – [Overview].
2. Click on [Withdraw]
3. Click [Crypto]
4. Select the cryptocurrency you want to withdraw
5. Select the network
6. Next, enter the recipient address or select from your address book list
Israel legalized Bitcoin in 2017, but it wasn’t without any restrictions. Following the credibility of the coin, the Israel Tax Authorities issued a statement saying that bitcoin will not be regarded as a currency in the traditional sense, but as a taxable asset.
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