How to Buy Bitcoin in Israel
We found 6 trusted online cryptocurrency exchanges operating in Israel including Bit2C, Bits of Gold, and Binance.
Bit2C is the most popular Bitcoin exchange in Israel with 11,010 users
Bits of Gold allows buying and selling Bitcoin with 3 forms of payment
Binance accepts users and payments from 192 countries
Ease of Use
Medium
Fees
Medium
Verification
1-2 Days
Reputation
Trusted
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.
Buy Bitcoin
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. Users of this exchange are required to verify their identity and connect their accounts to an Israeli Bank account to be able to use the platform.
Bit2C claims that it keeps all coins in cold storage and that users` fiat money is held in separately from the company's operating funds. It is considered a safe and reliable exchange in Israel.
Ease of Use
Medium
Fees
High
Verification
1-2 Days
Reputation
Trusted
Bits of Gold is the largest cryptocurrency brokerage in Israel.
Buy Bitcoin
Bits of Gold is the largest cryptocurrency brokerage in Israel. Based in Tel Aviv, the exchange offers the bitcoin/New Israeli Shekel trading pair. Bits of Gold is the first company in Israel to issue a license authorized by the Ministry of Finance for trading in virtual currencies, which was granted in July 2013. Bits of Gold also operate a Bitcoin ATM in Tel Aviv.
Bits of Gold is considered a safe and reliable exchange in Israel.
Ease of Use
Medium
Fees
Low
Verification
1 Day
Reputation
Trusted
Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis.
Buy Bitcoin
Within 8 months of launching in July 2017, Binance quickly skyrocketed into the world's largest cryptocurrency exchange by trading volume, processing more than $1 billion on a daily basis. It’s rise to popularity can be attributed to the impressive number of cryptocurrencies they offer, professional attitude, friendly and transparent CEO, and low trading fees.
Binance is considered a safe cryptocurrency exchange. Binance provides 2-factor authentication and offers both multi signature wallets and cold storage options.
After buying bitcoin from an exchange, it's important to withdraw to your own non-custodial wallet for security, privacy, and to have full control over your bitcoin.
Zengo is an easy iOS & Android crypto and NFT wallet. Buy, sell, and self-custody directly from the app.
Ledger Nano S Plus is a secure hardware wallet that connects to your computer via USB-C
BlueWallet is a popular desktop Bitcoin wallet which is compatible with Windows, Mac, and Linux
Ease of Use
Easy
Fees
Low
Verification
1 Day
Reputation
Trusted
ByBit sits amongst Binance as one of the leading cryptocurrency exchanges known for its vast selection of cryptocurrencies and professional trading features.
Buy Bitcoin
ByBit sits amongst Binance as one of the leading cryptocurrency exchanges known for its vast selection of cryptocurrencies and professional trading features. With its user-friendly interface, low fees, and liquidity, ByBit stands out as an ideal choice for both novice and experienced traders seeking a reliable and feature-rich platform.
ByBit user funds are stored securely offline in cold wallets and routinely provides Proof of Reserves audits and publishes them to the public.
Ease of Use
Easy
Fees
Low
Verification
1 Day
Reputation
Trusted
OKX is a leading cryptocurrency exchange known for its vast selection of cryptocurrencies.
Buy Bitcoin
OKX is a leading cryptocurrency exchange known for its vast selection of cryptocurrencies. With its user-friendly interface, low fees, and deep liquidity, OKX stands out as an ideal choice for both novice and experienced traders seeking a reliable and feature-rich platform.
OKX has created an asset risk reserve fund committed to continually allocating a percentage of our earnings to guarantee and protect assets from crypto security risks
Ease of Use
Easy
Fees
Average
Verification
1 Day
Reputation
Trusted
Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card.
Buy Bitcoin
Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. All this is done through a convenient and clean user-interface and a quick registration via email or social media account. Changelly’s conversion mechanism is integrated into some of the biggest cryptocurrency platforms such as Poloniex, Bittrex, and Binance. There are no geographical restrictions to the service that Changelly provides, so it can be accessed from anywhere in the world.
Changelly offers two-factor authentication and an HTTPS security protocol. No user funds are stored by Changelly as all coins sent are processed to be exchanged and transferred to user wallets.
Buying bitcoin and other cryptocurrencies in Israel is a simple process and usually takes less than 10 minutes to get fully setup.
The first step is to register with a platform, app or exchange and complete a Know Your Customer (KYC) process.
The exchange you choose will be interoperable with most devices, desktop and mobile, and will allow you to withdraw to your own personal hardware wallet.
There are also several options available for buying and selling without verification on P2P exchanges, although they are much less user-friendly and are recommended for more advanced users.
Before purchasing, there are a couple of important things you'll need to prepare:
1. Create an account with an exchange
Israel has 6 trusted exchanges available for you to sign up for, with the most popular being Bit2C and Bits of Gold, which account for a combined 71,010 active users.
Both exchanges are considered to be beginner-friendly and offer multiple deposit methods and a variety of cryptocurrencies.
Exchanges will differ by fees, security, payment methods, and other features, so explore the "info" tab on the exchanges listed above to find which one is the right fit for you.
The platform you end up choosing will depend on your preferences and the cryptocurrencies and payment methods they support.
Also it's important to note that you can always sign up to other exchanges later.
2. Complete the KYC verification process
After signing up to an exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process. This is an unavoidable legal requirement for almost all exchanges in Israel.
To complete this step you will need your photo ID readily available to take pictures of both the front and back sides of the document.
In most cases your verification will be approved instantly and at most can take 1-2 days.
3. Make a fiat deposit
To begin buying bitcoin and other cryptocurrencies you will need to link a bank account or credit card to the exchange.
Some of the payment methods provided by Bit2C and Bits of Gold are: Wire Transfer.
Depending on the payment method, it could take anywhere from a couple of minutes to days for the funds to arrive at the exchange.
4. Buy cryptocurrency
Once your account has been funded, you are ready to buy your first bitcoin. It's important to note that you do not need to buy a full bitcoin.
Most exchanges will let you buy as little as a few dollars worth of bitcoin, or any other cryptocurrency.
5. Send your bitcoin to a personal wallet
Once you've purchased bitcoin or your cryptocurrency of choice it's important to withdraw it to your own secure personal wallet.
Leaving your coins on an exchange poses a security risk as many exchanges are targets for hackers to steal user funds. Storing your own coins on your personal hardware wallet mitigates that risk.
Israel
As of 2017, the Israel Tax Authorities issued a statement saying that bitcoin and other cryptocurrencies would not fall under the legal definition of currency, and neither of that of a financial security, but of a taxable asset.
Each time a bitcoin is sold, the seller would have to pay a capital gains tax of 25%. Miners, traders of bitcoins would be treated as businesses and would have to pay corporate income tax as well as charge a 17% VAT.
🌎 View bitcoin and cryptocurrency legality around the world
There are 6 trusted exchanges operating in Israel with the most popular being Bit2C , Bits of Gold , and Binance.
You can review each of these exchanges and find best exchange that works for you. Bitrawr ranks exchanges in Israel based on fees, users, and security while giving placement preference to exchanges located in Israel or specifically catering to users in Israel.
Most of the exchanges operating in Israel have debit/credit card payment options available. Remember that this requires completing KYC.
No! For complete custody of your Bitcoin or other cryptocurrencies it is recommended to store them in a hardware wallet as it keeps private keys safe and entirely offline.
Bitcoin ATMs are an excellent way to buy bitcoin using cash and offer little to no requirements for KYC. ATMs are commonly located inside of convenience stores, shops, restaurants, malls or airports. Find one near you using our ATM map.
Find the best and most-trusted Bitcoin and cryptocurrency wallets that work for you.
Everything you need to know about Bitcoin mining hardware, software, and pools.
Explore an array of articles, reviews, and insights dedicated to unraveling the world of Bitcoin.
