Cryptocurrency is rapidly growing in popularity, with Bitcoin leading the charge. Although most Israel-based investors have previously stuck to traditional investment vehicles like the stock market, the allure of crypto’s superior returns has led to an influx of people wanting to buy Bitcoin in Israel. If this sounds like you, then you’re in the right place!
Throughout this guide, we’ll be covering everything you need to know about how to buy Bitcoin in Israel; the best exchanges, the best safety practices, and the best time to buy.
How to Buy Bitcoin Israel – Quick Guide
If you want to safely buy Bitcoin in Israel, you’ll need to use a regulated broker like Crypto.com – a market leading exchange that boasts some of the industry’s lowest fees and best security.
Follow these steps to buy BTC in Israel right now:
- ✅Step 1: Open an Account With Crypto.com – Before you can buy Bitcoin in Israel, you’ll need to register with Crypto.com. All you need to do is download the Crypto.com app and follow the on-screen instructions. Because Crypto.com is a regulated exchange, you’ll need a copy of your passport or driving licence at hand in order to verify your identity.
- Step 2: Deposit – Now that your account has been created, you’re ready to deposit! Crypto.com boasts a $1 minimum deposit and supports a variety of payment methods, including credit/debit cards and crypto.
- Step 3: Search for Bitcoin – After your deposit has arrived, you can search for a cryptocurrency by entering its name or ticker, in this case, Bitcoin / BTC.
- Step 4: Buy – Once you’ve located your asset of choice, you can invest by pressing the ‘buy’ button, selecting a payment method, entering the amount you wish to purchase, and again hitting the blue ‘buy’ button at the bottom of the screen.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Buy Bitcoin in Israel
Selecting a great exchange is one of the most important steps when it comes to buying Bitcoin in Israel. It’s imperative that you select an exchange that fits your needs, the most important factors you should consider are fees, features, and security.
Now that you know what to look out for, let’s explore where to buy Bitcoin in Israel.
1. Crypto.com – Overall Best Exchange to Buy Bitcoin in Israel
One of the world’s best-known exchanges, Crypto.com is a great choice for investors looking to Buy Bitcoin in Israel. It’s been operating since 2016 and serves more than 50 million users. Crypto.com is simple to use, full of features, and boasts phenomenal security; what more can you ask for?
Crypto.com is split into two main segments, the app and the exchange. The former is perfect for beginners as it makes buying Bitcoin near-effortless, the latter is preferred by traders as it offers a larger range of order types, lower fees, and more customization.
A couple of the main draws to Crypto.com are its earning opportunities and range of debit cards. Users of Crypto.com are able to earn interest on their Bitcoin holdings at a rate of up to 6% (although the actual figure is determined by the amount of CRO a user holds). On the other hand, Crypto.com’s card allows you to spend your crypto in any establishment Visa is supported.
As security should always be at the core of any exchange, it’s great to see Crypto.com focusing so heavily on ensuring its users are safe. By keeping 100% of client funds off-chain in cold storage and carefully screening all transactions, Crypto.com has minimised the chance of its platform getting compromised.
Regardless of whether you’re new to investing or a seasoned pro, Crypto.com is a great choice. It’s available on desktop and mobile so you’ll always have access to your assets, even if you’re away from home. If you’re looking for an easy-to-use platform that will stand the test of time, it doesn’t get much better than Crypto.com.
Crypto.com Fees
| Type | Fee Amount (Staking ≥ 0 CRO) | Fee Amount (Staking ≥ 5000 CRO) |
| Maker | 0.4% | 0.36% |
| Taker | 0.4% | 0.36% |
| Credit/Debit | 2.99% | 2.99% |
| Bitcoin | Buy $100 & Receive $99.60 | Buy $100 & Receive $99.64 |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Coinbase – Bitcoin Exchange for Beginners
If you’ve spent any time researching where to buy Bitcoin in Israel, then you’ve most likely heard of the US-based exchange, Coinbase. Founded in 2017, Coinbase’s primary aim is to make crypto more accessible for its 98 million users. As you would expect from a company focused on accessibility, Coinbase is typically regarded as a beginner broker. However, more experienced users can also make use of the Coinbase Pro platform in order to pay lower fees and unlock additional features.
Coinbase makes buying and selling crypto incredibly easy. The interface is slick and easy to navigate, meaning you’ll have no trouble finding what you’re looking for. To ensure its users are well-informed and understand the investment process, Coinbase has included a host of educational material covering topics ranging from the basics of Bitcoin to more advanced investment strategies.
While Coinbase is a solid option for beginners and allows its users to buy Bitcoin instantly, the high fees and lack of advanced trading features are understandably likely to put some people off. Luckily, using Coinbase Pro negates these issues and as such, is the recommended option for anyone wanting to use Coinbase. If you’re new to crypto, Coinbase is a tried and tested exchange that will help guide you on your investing journey.
Coinbase Fees
| Fee | Coinbase | Coinbase Pro |
| Debit/Credit Card | 3.99% | 0% |
| Bank Deposit | 1.49% | 0% |
| Conversion | 0.5% to 2% | 0.5% to 2% |
| Coinbase fee | $0.99 to $2.99 Based on size of transaction | 0.04% to 0.50% taker fee and a 0% to 0.50% maker fee |
| Bitcoin | Buy $100 & Receive $96.02 – $97.49 | Buy $100 & Receive $99.96 – $99.50 |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Binance – Feature-Rich Bitcoin Exchange
Binance is one of the foremost exchanges on the planet, it operates in more than 100 countries, Israel included. Taking a ‘jack of all trades’ approach, Binance is jam-packed full of features and has a range of different platforms within its ecosystem. Using Binance, you’re able to buy Bitcoin instantly or set an order to execute when certain conditions are met, meaning you can always get your BTC for a price you’re happy with.
Outside of its exchange, Binance supports peer-to-peer trading, meaning you can buy Bitcoin directly from other people. While this does allow you to keep with the decentralised crypto ethos, it does carry additional risk as you could trade with someone that has acquired their assets illegitimately.
On top of that, Binance has launched a dedicated NFT platform allowing users to buy and sell NFTs using BNB, ETH, and BUSD. Furthermore, Binance boasts TradingView integration and a good amount of indicators, meaning you’ll always be able to plot technical strategies, regardless of complexity.
Binance is a touch more difficult to get to grips with than Coinbase or Crypto.com. However, those willing to accept a slight learning curve will benefit from low fees, tons of assets, and a bustling ecosystem.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance Fees
| Fee Type | Fee Amount (%) |
| Maker/Taker | 0.1% |
| Debit/Credit Card | 0.5% |
| Deposit | 0% |
| Bitcoin | Buy $100 & Receive $99.50 – $99.90 |
4. Bit2C – Israel-based Bitcoin Exchange
In line with local laws, Bit2C requires all account holders to verify their identity by providing a copy of an Israeli ID as well as an ID appendix. In addition to this, Bit2C offers 2-factor authentication for client accounts, helping to reduce the chances of an account being compromised.
Unfortunately, Bit2C only supports BTC, ETH, and LTC purchases, meaning if you want to invest in any lesser-known asset, you’ll be better served by another platform like Crypto.com.
Although Bit2C is an excellent solution for those wanting to buy Bitcoin in Israel, the platform’s lack of assets does leave a lot to be desired.
Bit2C Fees
| Fee Type | Fee Amount (%) |
| Trading fee | 0.6% (decreases as volume increases) |
| Bank Deposit | 0% |
| Withdrawal (Fiat) | 60 NIS |
| Bitcoin | Buy $100 & Receive $99.40 |
5. BitOasis – Middle Eastern Bitcoin Exchange
Unfortunately, BitOasis places quite a few limitations on its users. Only those from a select few Middle Eastern countries are able to withdraw and deposit using fiat and Israeli is not one of them.
Although there seem to be plans for this to change, investors outside of the United Arab Emirates, Bahrain, Oman, Kuwait, Saudi Arabia, and Qatar are currently limited to crypto deposits. Furthermore, Bitoasis only supports around 40 cryptocurrencies, so if you want to invest in any smaller-cap projects, you’ll have to do so elsewhere.
BitOasis is a reasonably good exchange if you’re living in the Middle East and have spare AED. However, if you’re not, high fees and minimal assets will likely cause problems in the long run.
BitOasis Fees
| Fee Type | Fee Amount (%) |
| Maker | 0.24% |
| Taker | 0.48% |
| Bank Deposit | 0% |
| Withdrawal (Fiat) | 60 NIS |
| Bitcoin | Buy $100 & Receive $99.52 |
Should I Buy Bitcoin?
As the largest, most well-known asset within the crypto industry, Bitcoin tends to be most investors’ first foray into the market. Since its release in 2011, Bitcoin has increased by thousands and made many early investors quite wealthy, prompting the massive increase in interest surrounding the digital currency.
Despite things looking promising on the surface, it’s important to fully understand what Bitcoin is before parting with your hard-earned cash. Otherwise, it’s incredibly easy to get influenced by the market’s ups and downs and selling for a loss.
On top of understanding what Bitcoin is, you’ll also need to devise a strategy before investing. This means deciding on how long you want to hold your Bitcoin, what price you want to buy at, and what price you want to sell at.
A few other factors to consider:
- Can you afford the investment? – Bitcoin is extremely volatile and can go up or down by thousands over a single day. Therefore, you should only invest using money you can afford to lose as otherwise you could be forced to sell your assets while the market’s down in order to pay for essential items.
- Do you know how to invest safely? – Investing is easy, doing so safely? Not so much. There are a ton of scams out there so it’s crucial you keep your eyes peeled. If you’re unsure what to look for, we’ve got a brief guide on how to buy Bitcoin safely toward the end of the page.
- Do you understand the risks? – Because most people only share their wins, it can be easy to think that everyone who invests in crypto is making money. In reality, this couldn’t be further from the truth. It’s imperative that you’re aware of what could tank Bitcoin’s price(regulation, war, etc).
Benefits of Buying Bitcoin
Still unsure if buying Bitcoin is right for you? Here are a few reasons why Bitcoin could be a great investment.
Institutional Adoption
One of the biggest factors holding Bitcoin back in the past has been a lack of interest from institutions. While there are far more retail traders than institutional, big companies and investment brokers simply have access to far more money.
Now, we’re beginning to see an uptick in institutional investment, with companies like MicroStrategy betting big on Bitcoin. Additionally, we’re seeing an increasing number of Bitcoin/Blockchain/Crypto ETFs, which have the potential to bring massive amounts of capital into the crypto market.
Regulations
As the crypto market is now worth trillions, we’re starting to see an increased amount of focus on regulating crypto-assets. While you might think this is a negative, in actuality, it’s the final thing holding back mass adoption. Once Bitcoin and the wider crypto market finally get regulatory clarity, we’ll likely see banks, companies, and retail investors stockpile BTC at blistering speed.
Earn Interest (Staking)
If you own a bank account, you’re probably familiar with interest. Banks take your funds, loan them out to others and pay you a portion of the profits. Although this sounds great on the surface, you’ll typically only earn around 0.1% of your bank balance in interest.
However, assets like Bitcoin can be staked (similar to earning interest with a bank) for far higher rewards. Our top pick for where to buy Bitcoin in Israel, Crypto.com, offers up to 6% in annual rewards for staking on their platform. Meaning, that you can sit back and watch the interest roll in as you wait for Bitcoin to hit new all-time highs.
Low Prices
Compared to November last year, most cryptocurrencies have dropped by at least 50%. Of course, there are some exceptions but even Bitcoin has fallen from highs of around $68,000 down to around $31,500. While it’s natural to think Bitcoin will never recover, this has been a perfectly normal correction, amplified by macroeconomic woes.
The Fear & Greed index has been showing extreme fear over the past couple of months. However, it’s important to understand that bull markets are born from fear rather than greed. It’s a great time to be dollar-cost-averaging into Bitcoin and patient investors will likely be massively rewarded.
Decentralised
One of the main reasons so many people are interested in Bitcoin is its decentralised nature. It’s not tied to an individual or organisation, so nobody can destroy Bitcoin. Because of this, the government doesn’t have control over your funds like they would with traditional banking. As such, Bitcoin is a great choice for the privacy-centric.
Ways of Buying Bitcoin
If you want to invest in Bitcoin in Israel, you’ve got plenty of options. The main things to consider are convenience, fees, and security.
Most exchanges will allow you to use direct deposit to buy Bitcoin in Israel, however, there are some easier options too.
Buying Bitcoin with PayPal
Almost everyone knows PayPal, it’s one of the world’s largest payment processors and is supported by almost every company that transacts online. A year or two ago, It was still difficult to buy crypto using PayPal, however, things have changed.
PayPal has recently begun supporting crypto purchases, meaning users of PayPal are able to buy Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
While purchasing crypto directly on PayPal is extremely convenient, it’s far from perfect. Fees tend to be higher than what’s offered by traditional crypto exchanges, meaning you’ll be losing out on a fair amount of money if you buy Bitcoin with PayPal regularly. Furthermore, you’re not able to withdraw your Bitcoin to another exchange or cold wallet, massively hindering your security.
Buy Bitcoin with Credit Card or Debit Card
Without a doubt, the most popular way of transacting in the modern world is using a debit/credit card. Almost everyone has one, transactions settle in seconds, and for the most part, you gain some sort of buyer protection.
Most exchanges support credit/debit card payments but they typically incur some of the highest fees out of any payment method. Because of this, it’s hard to recommend using a credit/debit card to buy Crypto in Israel unless the additional convenience and security are a necessity.
Bitcoin Price
It’s not a secret that Bitcoin is a volatile asset, as you can see from the chart below, ups and downs are frequent and often sporadic. However, while it is true that Bitcoin isn’t the most stable, it does offer excellent returns for long-term investors.
If you invested just $10 in Bitcoin during 2011, today you’d have $36,510. It is of course easy to say that buying any asset when it was initially released would lead to sizable returns. But even if we look at 2018, a $10 investment then would be worth $41 today. Not quite as exciting as 2011’s numbers but even so, a 400% return over 4 years is something most investors can only dream about.
Although Bitcoin has historically performed well, in recent months it’s been far more lacklustre. Over the past 6 months, Bitcoin has dropped from around $50,000 down to just $29,500, even briefly falling as low as $25,750.
While you could sit and worry that Bitcoin will drop to $0, it’s far more likely we’re simply in a market correction, worsened by rampant money printing, inflation, and war. Looking at the above chart, it seems likely we could see a triple bottom before prices push higher.
Bitcoin Price Prediction
By nature, Bitcoin is unpredictable. The S&P 500 currently has massive influence over Bitcoin, which in turn has influence over the entire crypto market. This means that for Bitcoin to begin a runup, traditional financial markets will also have to support the idea. For example, during Bitcoin’s previous Oct-Dec ‘21 rally, the S&P climbed by a massive 8% and in the months since it’s dropped by 20%.
So we now understand that for Bitcoin to rally, the stock market needs to build up steam too. Once this happens, we’ll likely see Bitcoin begin claiming back previous support levels (as indicated by the white lines) on its way to test highs of $67,500. However, it’s important to note that this journey will not be smooth sailing, to get past each level, Bitcoin needs a confirmed breakout and bullish pressure from the stock market.
How to Buy Bitcoin Safely
Although Bitcoin itself isn’t inherently dangerous, purchasing it can be. So, to ensure our readers remain safe, we’ve compiled a few questions to ask yourself before you buy Bitcoin in Israel.
- Are you using a trustworthy exchange? Is it regulated and does it have a good amount of users?
- Are you sure you’re on the real website? Phishing scams are prevalent so double check you’re only using trusted sources and don’t click on any ads when searching for an exchange.
- Do you have an exit strategy? Having a good exit plan is equally important as getting a good entry.
- Do you have a secure place to store your Bitcoin? (e.g. decentralised/cold wallet)
If you can answer yes to all of these questions, then you’re on the right track and ready to learn how to buy Bitcoin in Israel.
How to Buy Bitcoin in Israel – Tutorial
If you want to buy Bitcoin in Israel, then there are a couple of prerequisites you’ll have to complete beforehand.
Step 1: Open a Crypto.com Account
Firstly, you’ll need to register for an account with Crypto.com. This can be done easily via the mobile app. After clicking ‘sign up’ you’ll need to input some basic personal information and provide proof of identity in the form of an ID. Don’t worry about the safety of your information, Crypto.com utilises market-leading security features to ensure client information doesn’t get leaked.
Step 2: Verify Crypto.com Account
As we touched on, before you can use your new Crypto.com account, you’ll have to verify it. To complete the Know Your Customer (KYC) verification process, you’ll need to provide a government-issued ID (driving licence, passport) and a photo of yourself.
Although the verification process can take a little longer if Crypto.com is trying to verify lots of new users at once, it’s typically fairly quick and painless.
Step 3: Deposit Funds
Once your Crypto.com account has been verified, you’re ready to deposit. It’s important to note that oftentimes first-time deposits can take a little longer to be credited to your account, so don’t worry if it doesn’t appear right away.
With Crypto.com, you can either exchange funds from your bank account for USDC at a 1:1 ratio or purchase Bitcoin directly using a credit/debit card. Either option is viable, but we recommend buying bitcoin instantly using a debit or credit card when you’re trying to take advantage of a dip.
Step 4: Search for Bitcoin
As soon as the funds have arrived in your account, you’re only one step away from buying Bitcoin in Israel! However, before you can complete your purchase you’ll need to search for Bitcoin by typing ‘BTC’ into the Crypto.com search bar and selecting the relevant option.
Step 5: Buy Bitcoin
Once you’ve selected the asset/pair you want to buy, all that’s left to do is enter the amount of Bitcoin you want to purchase, decide what price you want to buy at, and hit the ‘Buy BTC’ button. Once the order is executed, your account will be credited with the Bitcoin within seconds.
How to Sell Bitcoin
If you’re buying Bitcoin as an investment, it’s inevitable that at some point you will want to sell. As we briefly mentioned, to ensure your sale is aligned with your investment goals, it’s advisable to have a predetermined strategy in mind.
When it comes to actually selling your Bitcoin, the process is very similar to steps 3 and 4 of our ‘How to Buy Bitcoin in Israel’ section. You’ll need to search for Bitcoin, switch from the ‘Buy’ to ‘Sell’ tab, decide on a price you’re happy with, enter the amount of Bitcoin you want to sell, and finally press ‘Sell BTC’. Again, as soon as the order is executed, your funds will land in your account moments later.
Conclusion
If you want to buy Bitcoin in Israel, it’s the perfect time to begin stacking some Satoshis while prices are still fairly low. However, if you’re going to invest it’s crucial that you do so on a good platform.
If you’re still unsure which exchange is right for you, we have a suggestion. Crypto.com is one of the largest, regulated brokers in the world. It’s got a plethora of features designed to appeal to everyone, from complete beginners to crypto enthusiasts and best of all, you can buy Bitcoin for as low as $1, making it an extremely cost effective platform to begin your foray into the world of crypto.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.