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How to buy bitcoin in Israel

Israel
Bitcoin

The perfect world strives to be perfect in everything. This statement also affected the economic sphere, as a result of which the first digital currency appeared in 2009. Since then, more and more people have prioritized payment with electronic money, and Bitcoin has become the most popular cryptocurrency.

Despite the fact that users make transactions all over the world, there are states that recognize bitcoin only as an asset. One of these countries is Israel. This means that income from the use of digital assets is subject to taxation on an equal basis with payments to the state treasury when securities are circulated.

The acquisition of cryptocurrency in Israel has reached a new level and becoming an alternative to the usual stocks, as well as a very promising area for investment.

We will tell you how to buy the first cryptocurrency easily and safely using the convenient Itez service in this instruction.

How to buy Bitcoin on Itez:
step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

Banks

There are many financial institutions operating in Israel. According to the rating compiled by the Bank of Israel, the bank rating is formed by Bank Hapoalim with the highest level of servicing the current accounts of Russian-speaking clients; the national bank Leumi Bank Israel, which is active in the commercial banking segments, including mortgage lending; IsraelDiscountBank providing consumer loans and long-term home loans; Mizrahi-Tefahot Bank, which deals with long-term housing loans; and, finally, HaBank Hbinleumi, which specializes in providing VIP services.

Bank cards

In Israel, cards of the American Express, Diner's Club, Visa, and Mastercard payment systems are widely used. Any world standard credit and debit cards available in Israel are suitable for purchases through Itez.

How to store bitcoin

The information security system is a key feature of the cryptocurrency. In the case of the Itez service, the user is confident in the safety of the funds - an outsider will not be able to use the currency without the owner's permission. For a complete list of wallets, go to bitcoin.org