Israel’s first bank to bring Bitcoin to its banking app
Israel Discount Bank has just announced that, starting November 26, eligible customers can buy, hold, and sell Bitcoin and Ethereum directly in the banking app, without needing an exchange account or a separate wallet. It is the first bank in Israel to do this.
The coins are held in a bank-provided wallet using Fireblocks’ custody infrastructure; proceeds from coin sales go straight to the account, with taxes withheld automatically. The transaction fee is 2% per buy or sell, and management fees are waived for the first six months. Bank Leumi—the larger rival—will only launch a similar service in early 2027, so Discount Bank will get there first if it stays on schedule.
Note: This is a closed-loop wallet—coins bought through the bank cannot be transferred to an external wallet.
Meanwhile, the market remains gripped by fear: BTC is hovering around $71,500, and only 14 of the top 100 coins are up. The biggest gainer is $BDX (Beldex), up 4.00% to about $0.0736.
Will traditional banks bringing crypto into their apps attract more newcomers to the market, or will the 2% fee make them think twice?
#CryptoNews #Bitcoin #Ethereum #Israel
*Market news, not investment advice.
Israel Discount Bank has just announced that, starting November 26, eligible customers can buy, hold, and sell Bitcoin and Ethereum directly in the banking app, without needing an exchange account or a separate wallet. It is the first bank in Israel to do this.
The coins are held in a bank-provided wallet using Fireblocks’ custody infrastructure; proceeds from coin sales go straight to the account, with taxes withheld automatically. The transaction fee is 2% per buy or sell, and management fees are waived for the first six months. Bank Leumi—the larger rival—will only launch a similar service in early 2027, so Discount Bank will get there first if it stays on schedule.
Note: This is a closed-loop wallet—coins bought through the bank cannot be transferred to an external wallet.
Meanwhile, the market remains gripped by fear: BTC is hovering around $71,500, and only 14 of the top 100 coins are up. The biggest gainer is $BDX (Beldex), up 4.00% to about $0.0736.
Will traditional banks bringing crypto into their apps attract more newcomers to the market, or will the 2% fee make them think twice?
#CryptoNews #Bitcoin #Ethereum #Israel
*Market news, not investment advice.
