Starting November 26, customers of Israel Discount Bank will be able to buy, sell, and hold Bitcoin and Ethereum directly in the bank’s app, without opening a separate wallet or using an overseas exchange. It’s a first for Israeli banking.
The requirements are clear: local residents aged 18 or older with a securities account can trade, with a 2% fee charged on each transaction. Custody is free for the first six months, then costs 0.25% per quarter. Fireblocks provides the underlying custody infrastructure.
Think about what 2% means for yourself. The bank has made access convenient by building it into its app, but there’s a real cost too. If you’re interested in this convenience, keep an eye on actual trades and whether the fees change after the service launches on November 26.