Buy Bitcoin & Crypto in Israel

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in Israel
  • Bits of Gold
    • Crypto exchange based in Tel Aviv
    • Buy with card, cash or bank transfer
    • Supports Bitcoin & Ethereum

Bits of GoldBits of Gold Buy Bitcoin

Bits of Gold is a Bitcoin broker in Israel. You can buy Bitcoin directly from the company with bank transfer, cash, or credit card. The fees for buying with Bits of Gold are higher than Bit2c, but it is easier to use for first-time buyers. They also operate a Bitcoin ATM in Tel Aviv which requires no identification and charges a 5% fee.

We may receive compensation when you use Bits of Gold. Please visit Bits of Gold for its exact pricing terms.

Pros
  • Clean interface makes it easy for first-time buyers
  • No identity verification for amounts under 1000 ILS
Cons
  • Not private since identity verification is required for amounts over 1000 ILS
Ease of Use
Hard
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

bit2cbit2c Buy Bitcoin

bit2c is the largest Bitcoin exchange in Israel. You can fund your account via Israeli bank transfer or credit card. Most bank transfer deposits are confirmed in your account within 24 hours.

Pros
  • Best way to buy any amount of bitcoins in Israel for the lowest fees
Cons
  • Not private since identity verification is required
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

BititBitit Buy Bitcoin Read Review

Bitit lets you purchase bitcoin online with a 3DS-enabled credit/debit cards or with cash via Neosurf, Flexepin (coming soon) and Cashlib vouchers, available in over 150,000 local stores across Europe.

We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.

Pros
  • Unique way of purchasing offers extra privacy over other methods
  • 8% Neosurf fee is slightly better than Coinhouse's 10%
  • Available in 50 countries
  • €10,000 initial weekly Neosurf cash payment limit
  • Bitcoin gift cards also available; more expensive than other options
Cons
  • In-person buying methods offer more privacy but can be confusing
  • Identity verification required for buying amounts over €25
  • €500 initial weekly credit/debit card limit
Ease of Use
Average
Privacy
Average
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
Low
Buy Bitcoin Read Review

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

-

Bitcoin & Cryptocurrency Trading in Israel


Few countries have embraced Bitcoin quite like Israel has. And that isn't really all that surprising. Israel, and especially its modern tech hub Tel Aviv, is one of the most advanced economies in the world, making it stand out from its neighbors in the middle east who often struggle to quell civil war and maintain property rights.


Tel Aviv - Israel's tech hub

  • Tel Aviv even hosts its own Blockchain week every year.
  • Bits of Gold, an Israeli Bitcoin Exchange bosts 55,000 local users.
  • The number of blockchain startups grew by 32% in 2019 (that is in a bear market for Bitcoin)

These are just a few points in Israel's favor for being a major country to look out for going forward.

One of the easiest ways to buy Bitcoin in Israel, though, is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Israel, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Another way to buy Bitcoins in Israel is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, and most of them don’t require any verification either, thereby ensuring the buyer’s anonymity. You can locate Bitcoin ATMs in Israel using our Bitcoin ATM Map.




-

Top Bitcoin & Cryptocurrency Exchanges in Israel


Israel doesn't have many large Bitcoin and cryptocurrency exchanges of its own.

Bits of Gold is probably the most popular.

  • Popular Exchanges to Buy Bitcoin & Crypto in Israel
  • Bits of Gold
    • Crypto exchange based in Tel Aviv
    • Buy with card, cash or bank transfer
    • Supports Bitcoin & Ethereum

-

Best Bitcoin Wallets for Israel



There are three main types of Bitcoin wallet and all of them are supported in Israel:

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


-

Exchange Hacks and Crypto Scams in Israel


Digital Platinum Limited Scam

In May of 2020, the Commodities and Futures Exchange Commission charged Israelis Tal Valariola and Itay Barak of Digital Platinum Ltd. with helping US firm All In Publishing with falsely promoting binary options products to American Citizens.



The CFTC claims Digital Platinum knowingly used false customer success stories to create unrealistic expectations of returns on these products, resulting in millions of dollars of investment. The defendants are facing 4 counts of options fraud and another count of CTA fraud.

Milton Group Kyiv Call Center Scam

In August 2019, an unknown man going by the pseudonym Alexij took a job at a call center in Kyiv, Ukraine selling binary options products for a company called The Milton Group. From the early days on the job, this man noticed some very peculiar and fishy behavior about the company and very early on contacted and worked with authorities as an under-cover mole. He smuggled out documents and recordings of the company's activities and gave them to law enforcement to make a case. In March of 2020, the scam was exposed and the organizers of this scam,a group of Israeli nationals, were arrested and charged.

You can see a series of interviews with the victims below:

Coinmama Hack

In February of 2019, 450,000 Coinmama users had their usernames and passwords leaked onto the dark web. Fortunately, no coins of any kind were lost, and users who had two factor authentication enabled would have likely been protected anyway.

The hack appears to have been the work of a much larger attack on many other non-crypto related platforms such as MyFitnessPal and the Coffee Meets Bagel dating site. All of these sites used PostgreSQL database software and all seem to have fallen victim to the same vulnerability. A hacker (or group of hackers) seem to have discovered this vulnerability and exploited it on as many sites as they could.

Because Coinmama acted so fast to inform users to reset their passwords, hackers did not have time to fully exploit the leak, making the leaked data out of date.



-

FAQ


Does Coinbase work in Israel?

Coinbase does NOT support customers in Israel as of September of 2020.


Where Can I Find a Bitcoin ATM in Israel?

You can find Bitcoin ATMs in the city ventre in Netanya, the wine-baair in Herzilya, the Bitcoin change and Bitcoin embassy in Tel Aviv, and the Bitmarket and the Manhattan Change in Jerusalem.



What is the price of Bitcoin in Israel?

The current price of Bitcoin in Israel is ₪36,508, however this amount changes every minute, so always check the value on your local exchange.



What is the best Bitcoin debit card for Israel?

There are currently no cards available that support ILS purchases. Most of the well-regarded Bitcoin debit cards on the market are mainly targeted at USD, GBP, and EUR users. Anywhere in Israel that will accept charges for these currencies will support cards for Wirex and Bitpay, as well as many others.

What stores accept Bitcoin in Israel?

Bitcoin is accepted at lots of stores and service providers all over Israel. So many, in fact, that we couldn't possible list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.


The numbered areas indicate the amount of establishments that accept Bitcoin

How do I cash out of Bitcoin in Israel?

Any exchange with an Iraeli Sheqel trading pair will allow you to sell your Bitcoin for fiat currency. Coinmama has ILS trading pairs for many popular coins.

Another 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. You can locate Bitcoin ATMs in Israel using our Bitcoin ATM Map.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.



You could also use a service like eGifter to sell your Bitcoin for gift cards.