Best Crypto Exchanges in Israel 2023 – Trade Bitcoin

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Best crypto exchanges in israel reviewed

The Israeli Insurance and Savings Capital Market Authority (ISCMA) started regulating the cryptocurrency scene in 2016. This government body offers licences to approved cryptocurrency exchanges in the country.

So, it’s safe to purchase cryptocurrency from exchanges in Israel. For the best experience, however, you’ll need to visit the best crypto exchanges in Israel. Here, you’ll discover the best exchanges in Israel, their products, security features, payment methods, and other essential bits of information regarding them. All crypto exchanges presented in this article comply with local laws such as AML laws and KYC requirements.

 

Top Crypto Exchanges in Israel Reviewed

To find the best crypto exchanges for traders in Israel, we’ve analyzed hundreds of cryptocurrency platforms. Below, you’ll discover the five best crypto exchanges in Israel.

  1. Bitget – Best overall crypto exchange in Israel
  2. Binance – Best exchange for professional traders
  3. Bitsofgold – Best local crypto exchange in Israel
  4. Kraken – Oldest crypto exchange in Israel
  5. OKX – Best derivatives exchange in Israel

 

1. Bitget

Bitget is an exchange that offers more than 550 cryptocurrencies and averages $4 billion in daily trading volume. This crypto exchange is an all-rounder that’s suitable for both beginners and advanced traders with its easy-to-use UI and advanced features.

If you’re interested in copy trading, Bitget is one of the best options that you’ll see. Bitget offers its services to more than 100,000 elite traders with futures, spot, and bot copy trading capabilities.

Crypto traders can buy a wide variety of cryptocurrencies on this platform, along with spot, futures, and margin. More than 20,000 DApps are also available on this exchange, along with popular NFTs.

Security is another strong point of Bitget, as it offers proof of reserves and cold storage for all customer funds. There’s also a 300 million USDT protection fund that forms another layer of protection for traders on this exchange.

You can purchase cryptocurrency on Bitget using Israeli Shekels (ILS). The deposit options on Bitget include P2P trading, Visa, Apple Pay, Mastercard, Union Pay, and third-party methods like Xanpool, Mercuryo, and Banxa.

Withdrawal fees on Bitget aren’t fixed but depend on the cryptocurrency you want to withdraw. Crypto deposits, however, are free. All of these factors, along with its iconic beginner-friendly UI, make Bitget the best crypto exchange in Israel.

If you want to learn more about the platform, you can read our full Bitget review.

 

Supported Cryptos: Over 550+ cryptocurrencies

Futures Contracts: 350+ Futures contracts

Max. Leverage: 125x

Spot Trading Fees: 0.1% maker / 0.1% taker

Futures Trading Fees: 0.02% maker / 0.06% taker

Deposits & Withdrawals: ILS Deposits and withdrawals through Mastercard/Visa bank cards, Union Pay, P2P trading, Xanpool, Mercuryo, and Banxa

Licensed & Regulated: The ISCMA regulates this crypto exchange

 

Visit Bitget!

 

2. Binance

Binance takes a spot as another popular cryptocurrency exchange in Israel, with a daily average trading volume of $23 billion. Binance was launched in 2017 and possesses a wide variety of crypto products, along with 350+ digital coins. This platform is your best choice when you’re looking for variety, as it offers a little of everything, from crypto trading to loans.

Binance offers a full crypto trading market, giving you the option to choose from margins, futures, and spots. Trading bots are also available for traders who want to automate their trades.

Passive income-earning opportunities are available through the staking feature. Additionally, Binance features an NFT market for investors who want to purchase the most popular projects. Crypto loans are also available, along with a learning hub for newcomers to cryptocurrency trading.

Traders in Israel can purchase cryptocurrency using ILS on Binance. They can use Visa, Mastercard, Apple Pay, or Google Pay to purchase any coin. Crypto deposits on Binance are free; however, withdrawals come with fees, depending on the cryptocurrency you want to withdraw.

If you want to learn more about the platform, you can read our full Binance review.

 

Supported Cryptos: Over 350+ cryptocurrencies

Futures Contracts: 50+ Futures contracts

Max. Leverage: 125x

Spot Trading Fees: 0.1% maker / 0.1% taker

Futures Trading Fees: 0.02% maker / 0.04% taker

Deposits & Withdrawals: ILS deposits and withdrawals via Visa, Mastercard, Google Pay, and Apple Pay

Licensed & Regulated: The ISCMA regulates this platform

 

Visit Binance!

 

3. Bitsofgold

Bitsofgold is a cryptocurrency broker that was established in Israel in 2013. The exchange is the first to receive a permanent financial services provider license in Israel. This regulatory license and overall acceptance in Israel, make it the best local crypto exchange.

Bitsofgold is focused mainly on buying and selling cryptocurrency (only Ethereum and Bitcoin). So, the user interface of this exchange is straightforward for anyone who is getting into the cryptocurrency industry.

This platform offers a cold storage wallet that is 100% insured and direct debit services for traders who want to slowly accumulate cryptocurrency. Traders can also get a Bitsofgold credit card and enjoy Bitcoin cashbacks whenever they make purchases.

Bitsofgold allows traders in Israel to purchase cryptocurrency using ILS through credit cards, bank transfers, and cash (BitATM). Deposit and withdrawal fees on Bitsofgold range from 1.20% to 1.95%, depending on the cryptocurrency in question.

 

Supported Cryptos: 2

Futures Contracts: No futures

Max. Leverage: None

Spot Trading Fees: 1.95% maker / 1.95% taker

Futures Trading Fees: No futures

Deposits & Withdrawals: ILS deposits and withdrawals via bank transfers, credit cards, and cash (BitATM)

Licensed & Regulated: Regulated by ISCMA with a Financial Services Provider license

 

Visit Bitsofgold!

 

4. Kraken

Kraken is a crypto exchange that was established shortly after Bitcoin gained popularity in 2011. In terms of age, Kraken is one of the oldest exchanges that you’ll find. This also gives it an advantage, as it averages $12 million in daily trading volume. Kraken earned its place as one of Israel’s best crypto exchanges due to its numerous products, like futures, spots, an NFT marketplace, and staking opportunities.

Kraken allows you to purchase and trade cryptocurrency and NFTs. This platform has deep liquidity in various markets and offers low spreads and high rate limits. These features make it perfect for trading margins, futures, and spots.

You can earn passively with Kraken when you stake your cryptocurrency. Beginners will also enjoy Kraken, as there are numerous educational materials available on this exchange for amateur traders. This doesn’t mean that professional traders cannot use this platform, though, as Kraken has a pro version for that purpose.

Kraken doesn’t allow purchases in ILS, so you’ll have to convert your funds to a popular currency like USD. Deposits and withdrawals on this exchange can be free or incur transaction fees, depending on the currency you choose to use.

If you want to learn more about the exchange, you can read our full Kraken review.

 

Supported Cryptos: Over 200+ cryptocurrencies

Futures Contracts: 110+ Futures contracts

Max. Leverage: 50x

Spot Trading Fees: 0.16% maker / 0.26% taker

Futures Trading Fees: 0.02% maker / 0.05% taker

Deposits & Withdrawals: Deposits and withdrawals through bank cards and digital wallets

Licensed & Regulated: Regulated by ISCMA

 

Visit Kraken!

 

5. OKX

OKX has been in the cryptocurrency scene since 2017. It’s now one of the biggest derivatives exchanges in Israel, with 340+ cryptocurrencies and a 24-hour trading volume of $8.9 billion on average. This platform is known for its high leverage and liquidity, making it perfect for derivative traders.

OKX is one of the best exchanges for derivative traders, as it allows them to trade futures, margins, perpetual swaps, and options. On this exchange, you can choose to trade with a bot or build your own. Copy trading is another option that OKX offers for traders who want to get an edge in trading.

You can purchase the latest NFTs on this platform, with easy guides to show you the way. OKX also provides an opportunity to discover the latest blockchain gaming DApps and earn passively from staking numerous cryptocurrencies. There are also educational materials on this crypto exchange that’ll allow amateur traders to learn and grow.

Traders in Israel can purchase cryptocurrency using ILS through payment methods like Apple Pay, Mastercard, bank transfers, and Visa. You don’t pay for deposits on OKX. However, there are withdrawal fees, and the amount you pay depends on the cryptocurrency in question.

If you want to learn more about the platform, you can read our full OKX review.

 

Supported Cryptos: 340+

Futures Contracts: 220+

Max. Leverage: 100x

Spot Trading Fees: 0.08% maker / 0.1% taker

Futures Trading Fees: 0.02% maker / 0.05% taker

Deposits & Withdrawals: ILS withdrawals and deposits through Visa, Apple Pay, Mastercard, and bank transfers

Licensed & Regulated: Regulated by ISCMA

 

Visit OKX!

 

Is Crypto Legal in Israel?

Yes, cryptocurrency is legal in Israel, as the government has recognized these digital assets since 2016. In that year, the Israeli Insurance Capital Market Authority (ISCMA) was given the authority to grant licenses to crypto service providers. For now, Bitsofgold is the only crypto exchange to receive this license. However, the other exchanges offer a lot more crypto services in Israel as of now.

 

While other crypto exchanges can still operate under the regulation of the ISCMA, their permits are temporary. Crypto exchanges were also taxed under the new law in 2016. If you’re unsure of your position regarding cryptocurrency taxes, contact a local tax advisor.

How to buy Crypto in Israel?

The five best exchanges in Israel have been unveiled above; the next thing is to purchase some of your own. This process is straightforward; the guide below will show you how to get cryptocurrencies in Israel.

  1. Choose a crypto exchange: The first step in purchasing cryptocurrency in Israel is to choose an exchange. There are hundreds of active crypto exchanges in Israel, and we’ve recommended the five best options. So, choose one of the exchanges on the list, like Bitget, Bitsofgold, Binance, or Kraken.
  2. Register with the exchange: After making a choice, the next step is to open an account with the crypto exchange. This process requires you to provide some basic information and shouldn’t take more than a few minutes.
  3. Complete the Know Your Customer (KYC) requirements: Crypto exchanges in Israel require that you fulfill KYC requirements at some point. This could be during the first deposit process or before the first withdrawal. The KYC procedure requires you to submit some personal identifying documents.
  4. Fund your account: Funding an account on a crypto exchange will require you to provide payment details for your payment method. This way, you can transfer funds into your crypto exchange account through bank transfers or debit/credit cards.
  5. Purchase cryptocurrency: After opening an account with your chosen exchange, you can now purchase whatever cryptocurrency you desire. Of course, the platform has to have the cryptocurrency before you can purchase it. You can purchase the digital coins and leave them in the exchange wallet, or you can transfer them to your personal wallet.

 

Final Thoughts

Cryptocurrency and, by extension, crypto exchanges are legal in Israel. This country is one of the few that has recognized its presence and formed regulatory bodies to monitor the cryptocurrency scene. The regulatory body for cryptocurrency and all cryptocurrency-related activities in Israel is the Israeli Insurance and Savings Capital Market Authority (ISCMA).

The best overall exchange in Israel is Bitget. Bitget is a platform that welcomes beginners with a simple UI while providing all the advanced features that professionals love.

Other well-known cryptocurrency exchanges in Israel include Bitsofgold, Binance, and Kraken. Bitsofgold is the best local exchange due to its permanent license, while Binance and Kraken are suitable for advanced traders. You can also give OKX a try, as it offers many advanced trading features for margin, spot, and futures traders.

 

🏆 Best Crypto Exchanges in the UK

1. Bitget

Best crypto exchange overall in the United Kingdom

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2. MEXC

Lowest fees, highest profits! No-KYC, 1700+ cryptos

3. OKX

World class derivatives trading with low fees!

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4. Zoomex

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TradFi + Crypto exchange in the UK!

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6. BTCC

225x leverage futures trading in the UK!

🏆 Best Crypto Exchanges in Germany

1. Bitget

Best crypto exchange overall in Germany

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Basic beginner crypto exchange in Germany

3. Bybit

$30,000 sign up bonus! Great futures trading exchange

4. OKX

World class derivatives trading with the best liquidity!

5. eToro

TradFi + Crypto exchange in Germany

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6. Zoomex

Best no-KYC crypto exchange in Germany

🏆 Best Crypto Exchanges Netherlands

1. Bitget

Best crypto exchange overall in the Netherlands!

2. Bitvavo

Basic beginner crypto exchange in the Netherlands!

3. Bybit

$30,000 sign up bonus! Best futures trading exchange!

4. OKX

World class derivatives trading with the best liquidity!

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5. Coinbase

Most basic beginner crypto exchange in the Netherlands!

6. eToro

TradFi + Crypto exchange in the Netherlands!

🏆 Best Crypto Exchanges in India

1. Bitget

Best crypto exchange overall in India!

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2. OKX

World class derivatives trading with the best liquidity!

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3. WazirX

Local alternative crypto exchange in India!

4. Bybit

$30,000 sign up bonus! Best advanced crypto exchange!

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5. CoinDCX

Local Indian exchange with advanced features!

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6. MEXC

Best non-KYC crypto exchange! Lowest trading fees!

🏆 Best Crypto Exchanges in the USA

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1. BYDFi

Crypto exchange with MSB license in USA! 200x leverage!

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2. BTCC

Best derivatives exchange with 225x leverage and MSB license!

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3. Zoomex

Best no-KYC hybrid crypto exchange!

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4. BingX

No KYC crypto exchange! Supports stocks, forex, commodities!

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5. CoinEx

Over 800 supported cryptos and 100% proof of reserves!

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6. Phemex

Best crypto exchange for day trading in the US!

🏆 Best Crypto Exchanges in Canada

1. Bitget

Overall crypto exchange overall in Canada

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2. Phemex

Best crypto exchange for day trading in Canada. No KYC!

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3. VirgoCX

Local Canadian crypto exchange for beginners and newbies!

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4. BYDFi

MSB license crypto exchange with 200x leverage!

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5. MEXC

Lowest fees crypto exchange! Over 1700+ supported cryptos!

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6. Zoomex

Best no-KYC hybrid crypto exchange in Canada

🏆 Best Crypto Exchanges in Russia

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1. MEXC

Lowest fees crypto exchange! Over 1700+ supported cryptos!

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2. Bybit

Best crypto exchange for day trading in Russia!

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3. Zoomex

Best no-KYC hybrid crypto exchange in Canada

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4. Kucoin

Most popular altcoin-gem crypto exchange!

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5. OKX

Best derivatives crypto exchange with the deepest liquidity!

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6. BYDFi

MSB licensed crypto exchange with 200x leverage!

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