Bitsofgold
- Overview
- Security
- User Experience
Volume 24H: N
Bitsofgold is a digital asset exchange platform based in Israel that offers users the possibility of buying and selling Bitcoin or Ethereum with credit card against Israeli Shekels, USD, or Euro. Bitsofgold also offers cryptocurrency merchant solutions for businesses that want to use cryptos as a means of payment. They support same-day wire transfers and cash transfers in over 150 branches.
The platform interface is modern, professional looking, and user-friendly. Buying through their website is very simple, the checkout process takes only a few steps. Bits of Gold is mostly intended for Israel-based users that want to buy Bitcoin or Ethereum quickly and hassle-free.
Crypto Currencies Support
- BTC
- ETH
Traditional Currency Support
- EUR
- USD
Language Support
- English
- Hebrew
- Russian
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- — Web Interface
Stock Market Options
N
Summary:
| 2 Factor Authentication | No |
| Funds Insured | No |
| Private Keys Stored On | No |
| Storage Type | No |
Bits of Gold is the biggest Bitcoin company in Israel, working under a Currency Service Provider license issued by the Israeli Ministry of Finance. It was created by Jonathan Rouach, an engineer and Blockchain entrepreneur, and has a staff of about 20 people. The company was one of the founders of the Israeli Bitcoin Embassy, and endorses it on a monthly basis to this day.
Summary:
Bits of Gold is an Israeli crypto exchange with more than 30,000 clients who can buy and sell Bitcoin and Ethereum via bank wire, cash, and credit card. The exchange has very high commission rates for almost all kinds of transactions, though it's one of the few exchanges that sells digital coins for Israeli Shekels, being mostly aimed at users within Israel.
| Ease of use | Intuitive |
| Transaction Fees | 4,95% |
| Deposit/Withdrawal Fee | N/A |
| Deposit/Withdrawal Fee For Bank Transfer | 1.1+, 5% |
| Deposit/Withdrawal Fee For Credit Card | 4,95% |
| Deposit/Withdrawal Fee Charged For 3rd party Payments | N/A |
| Anonymous Trading | Yes |
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal from ATM (Special BTC ATM)
Functionality:
Bits of Gold offers an easy and quick way for users to trade BTC and ETH and has great flexibility regarding payment methods: bank transfer, credit card, ATM network, and BTC Atm in Tel Aviv. Users can cash out up to 10,000 ILS/day/person. The exchange does not offer users a wallet for storing funds, but they guide them towards Blockchain.info and MyEtherWallet. Fees are high, ranging from 4-5%.
Most common customer complaint:
— High fees