The service will be available only to adult residents of Israel who are customers of the bank. Customers must also sign the bank’s agreements for securities trading. At first, customers will not be able to send coins to a private wallet or receive coins from another company.
The bank has scheduled the service for 26 November 2026. The announcement was made on 11 November and reported the following day. It remains a planned rollout, not a service already available to every customer.
The bank announces trading and custody fees
The bank will charge a 2% commission when a customer buys or sells cryptocurrency in the app. A separate fee may apply when the bank converts one currency into another. The bank will not charge a storage fee during the first six months. After six months, the storage fee will be 0.25% every three months.
Customers will be able to trade fractions of a coin, with a minimum transaction size of 0.01 units. At launch the supported assets are Bitcoin and Ether. The bank says it may consider adding other coins later, but it has not named another asset or committed to a timetable.
| 특징 | Terms announced by the bank |
|---|---|
| Planned launch | 26 November 2026 |
| 자산 | 비트코인과 이더 |
| Commission for buying or selling | 2%, plus any currency-conversion fee |
| Storage fee | No fee for six months, then 0.25% every three months |
| Transfers to or from external wallets | Not available at launch |
External wallet transfers will not be available
After a purchase, Bitcoin or Ether will appear in the customer’s securities portfolio. The payment for the transaction will be completed on the next business day. Money from a sale will be received in US dollars. The customer must give a separate instruction if they want to convert the dollars into shekels or another currency.
At first, the bank will accept only orders for an immediate purchase or sale. Customers will not be able to create an order for a future price or time. Trading will be available from Sunday to Friday between 9am and 11pm in Israel. Many cryptocurrency exchanges operate 24 hours a day, but the bank’s service will not.
Discount Bank says licensed external companies will provide the trading and storage services. Fireblocks will provide the technical infrastructure. Chief executive Avi Levi said the bank plans to develop more services for digital currencies in the future.
The bank warns customers about high price volatility, possible service interruptions and the risk of losing the entire investment. Using a banking app does not make Bitcoin or Ether stable in value. The initial service is intended for private customers and will remain subject to the bank’s eligibility checks.
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