How to Buy Cryptocurrency in Israel
Buying cryptocurrency in Israel
Israel has been dubbed the “hotspot for blockchain innovation” for a good reason. Unlike many countries, Israel actually recognizes cryptocurrencies as legal financial assets. However, with those regulations in place, virtual currencies in Israel are subject to taxation as well. Israel in general has become a hub for startups and tech innovation because of their wide acceptance of fintech and cyber technologies. As one of the most advanced cryptocurrency markets, Israel decided to enter a crypto partnership with Switzerland to further lead a blockchain revolution. The two countries collaborated on financial technology regulation and safety measures to fight against money laundering and crypto-related froud. With that said, cryptocurrencies are widely available in Israel and they are not difficult to purchase. There are many popular Bitcoin exchanges the citizens of Israel can choose from, including Bit2C and Binance.
As of 20/03/2021
These exchanges all accept customers from Israel. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
- Advanced and secure technology
- Anonymous accounts
- Attractive trading bonuses
- Very low fees
- Limited asset coverage
- No option instruments
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
- It can be used to trade against fiat options
- Robust security measures
- Free SEPA deposits in Europe
- Not a very beginner-friendly interface.
- No card deposit options