This FAQ covers everything you need to know about the BTC/ILS trading pair, including how to convert Bitcoin to Israeli New Shekels, where to trade, fees, taxes, and future outlook for 2026.

What is BTC/ILS?

BTC/ILS is the trading pair representing the exchange rate between Bitcoin (BTC) and the Israeli New Shekel (ILS).

It shows how many Israeli Shekels one Bitcoin is worth at any given time. This pair is primarily used by traders and investors in Israel or those looking to trade Bitcoin against the shekel.

How to convert BTC to ILS?

To convert Bitcoin to Israeli Shekels, you can use a cryptocurrency exchange that supports the BTC/ILS pair, or use a peer-to-peer platform, or sell Bitcoin for fiat currency through a broker.

Popular methods include:

  • Using a centralized exchange like Bit2C, Bits of Gold, or eToro that offers BTC/ILS trading.
  • Using global exchanges that support ILS withdrawals via bank transfer or credit card.
  • Using peer-to-peer platforms like LocalBitcoins (if still active) or Paxful.
  • Using Bitcoin ATMs in Israel that dispense shekels.

Always compare fees and exchange rates before choosing a method.

Where can I trade BTC/ILS?

You can trade BTC/ILS on several Israeli-based exchanges and some international platforms that support the shekel.

Notable options include:

  • Bit2C – an Israeli exchange with a simple interface.
  • Bits of Gold – offers BTC/ILS trading and conversion services.
  • eToro – popular for CFD trading and crypto, supports ILS.
  • Binance – may support ILS deposits/withdrawals via certain payment providers.

Always ensure the platform is regulated and suits your needs.

What are the fees for trading BTC/ILS?

Trading fees for BTC/ILS vary by platform and can range from 0.1% to 1% per trade, with additional costs for deposits and withdrawals.

For example:

  • Bit2C charges about 0.5% per trade.
  • Bits of Gold has a spread and a fee of around 1%.
  • Global exchanges like Binance charge lower fees (0.1% or less) but may have higher conversion or withdrawal fees.

Always check the fee schedule on the platform you use.

Is BTC/ILS trading legal in Israel?

Yes, trading Bitcoin and other cryptocurrencies is legal in Israel, and the Israel Securities Authority (ISA) has provided regulatory guidance.

The Israeli Tax Authority (ITA) treats cryptocurrencies as assets, and capital gains tax applies. Additionally, crypto exchanges operating in Israel are required to register with the Capital Markets, Insurance and Savings Authority (CMISA) for AML/CFT compliance.

So, you can trade BTC/ILS legally, but you must comply with tax and reporting obligations.

How do taxes work for BTC/ILS transactions in Israel?

In Israel, cryptocurrency transactions are subject to capital gains tax and, in some cases, income tax if trading is considered a business activity.

The Israeli Tax Authority views crypto as an asset, so selling Bitcoin for shekels triggers a capital gains event. The tax rate is the marginal tax rate (up to 50% for individuals) on the profit. If you trade frequently, you might be classified as a business and taxed as income.

It's crucial to keep detailed records of all transactions.

What affects the BTC/ILS exchange rate?

The BTC/ILS exchange rate is influenced by global Bitcoin prices (usually quoted in USD) and the USD/ILS exchange rate, plus local supply and demand.

Key factors:

  • Bitcoin's price movements driven by market sentiment, adoption, and macroeconomic trends.
  • The strength of the Israeli shekel against the US dollar.
  • Local regulatory news and adoption.
  • Liquidity on Israeli exchanges.

Since Bitcoin is a global asset, the BTC/ILS rate largely mirrors global BTC/USD price adjusted for the USD/ILS conversion.

What is the price prediction for BTC/ILS in 2026?

Predicting the exact BTC/ILS price for 2026 is impossible, but analysts have varying forecasts based on Bitcoin's potential trajectory.

Some optimistic projections suggest Bitcoin could reach $100,000 or more by 2026, which would correspond to a BTC/ILS price around 370,000 ILS (if the exchange rate remains around 3.7 ILS/USD). However, conservative estimates are lower, and a bear market could see prices much lower.

Always do your own research and consider the high volatility of cryptocurrencies.

Final Thoughts

BTC/ILS is a straightforward trading pair for anyone in Israel or wanting to trade Bitcoin against the shekel. Understanding the conversion methods, fees, legalities, and taxes is essential.

As 2026 approaches, keep an eye on regulatory updates and market trends. Whether you're a trader or investor, always use reputable platforms and stay informed.

With proper knowledge, you can navigate the BTC/ILS market effectively.