💳 Israel Discount Bank Launches In-App Bitcoin and Ethereum Trading
Israel Discount Bank, one of the country's major banking institutions, has announced the launch of an official service for buying, selling, and holding cryptocurrency directly within its mobile app, becoming a pioneer among local financial organizations in this segment.
Initially, clients will have access to two flagship cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). The key feature of the service is that users will no longer need to register on external crypto exchanges or manage self-custody digital wallets. All transactions will be conducted directly through their existing bank accounts, with Fireblocks providing the underlying asset custody infrastructure.
Details of the New Service:
Eligibility: Available to private clients aged 18 and older who have securities trading enabled on their accounts.
Taxation: The bank will handle automatic tax accounting and calculations, including offsetting gains and losses against other investments via withholding at source.
Fees and Rates: To promote the launch, management fees for crypto assets will be waived for the first six months, after which a quarterly fee of 0.25% will apply. The standard trading commission is set at 2% per transaction.
#BTC #BITCOIN #ETH #ETHEREUM $BTC $ETH
Israel Discount Bank, one of the country's major banking institutions, has announced the launch of an official service for buying, selling, and holding cryptocurrency directly within its mobile app, becoming a pioneer among local financial organizations in this segment.
Initially, clients will have access to two flagship cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). The key feature of the service is that users will no longer need to register on external crypto exchanges or manage self-custody digital wallets. All transactions will be conducted directly through their existing bank accounts, with Fireblocks providing the underlying asset custody infrastructure.
Details of the New Service:
Eligibility: Available to private clients aged 18 and older who have securities trading enabled on their accounts.
Taxation: The bank will handle automatic tax accounting and calculations, including offsetting gains and losses against other investments via withholding at source.
Fees and Rates: To promote the launch, management fees for crypto assets will be waived for the first six months, after which a quarterly fee of 0.25% will apply. The standard trading commission is set at 2% per transaction.
#BTC #BITCOIN #ETH #ETHEREUM $BTC $ETH