- Company
- Bitosi eToro Ltd, no. 517169447
- Licence
- Yes CMISA, no. 72080
- Owner
- eToro, since Q2 2026
- Model
- Shekel order book + broker + OTC
- Pro fee
- 1.25% down to 0.05%
- Broker fee
- 5% down to 3.2%
- Coins
- BTC, ETH, LTC, USDC (pilot)
- Funding
- Shekel bank transfer only
What Bit2C is
Bit2C is an Israeli trading platform that, according to its own site, has operated since 2013. Its legal name today is Bitosi eToro Ltd, and you will also see the Bitosi brand around the site. It offers three things: instant buying and selling "at an international rate" (the broker), Bitosi Pro, an order book where customers trade with each other in shekels, and an OTC desk for large amounts. Bit2C calls itself "the only crypto exchange in Israel", and in one sense that is right: it is the only regulated order book that trades against the shekel.
In our ranking of exchanges for Israelis it is third with 8.3. It scores well for its Israeli licence, its shekel access and Pro fees that are the lowest of any licensed route. It loses points because the broker is very expensive, only four coins are listed, onboarding asks for more documents than usual, and the product leans heavily on the website.
On licensing: the site footer states that Bit2C holds licence number 72080 from the Capital Market, Insurance and Savings Authority (CMISA) to provide a service in a financial asset, under the Supervision of Financial Services (Regulated Financial Services) Law, 2016. One secondary source once mentioned a licence valid "until the end of 2025", but the footer shows no expiry, so we do not state one. The CMISA register is the place to confirm.
What does the licence give you in practice? Licensees answer to CMISA’s rules, and those tightened in 2026. Under this year’s custody circular, client assets must be held in trust, separate from the firm’s own money, and clients are entitled to an online area showing their holdings plus a detailed statement every six months. The own-funds circular of July 2026 sets minimum equity of ₪2 million, or ₪2.5 million for custodians, taking effect about six months after publication. Licensed platforms also report transactions of ₪50,000 and above to the anti-money-laundering authority. None of that guarantees nothing will go wrong, but it is a safety net that foreign exchanges do not offer Israeli customers.
What changed with eToro
On 11 August 2026 eToro published its second-quarter results and stated that during the quarter it had completed the acquisitions of Zengo and Bit2C. Some outlets dated the announcement to 12 August, and the price was not disclosed. The most visible change so far is the name: the footer now lists Bitosi eToro Ltd as the licence holder.
Be clear about what this does not mean. eToro was founded in Israel, but its own app does not hold a CMISA licence. The Israeli licence sits with the subsidiary, Bit2C. Opening an eToro account does not put you under Bit2C’s licence, and vice versa. Our eToro review covers the terms there, including the $10,000 first deposit reported for Israeli residents.
What comes next? We do not know, and Bit2C has published no plan. There may be changes to the product, the coin list or integration with eToro, or the service may stay as it is. We will update this page when there is official information.
Bit2C fees: Pro versus instant buy
The gap between the two routes is the single most important point in this review. On the order book the fee is the same for makers and takers and is set by your trading volume over the last 30 days. On the instant-buy broker the fee depends on the size of each trade, and it is roughly four times higher.
| Item | Cost | Note |
|---|---|---|
| Instant buy (broker) | 5% down to 3.2% | 5% from ₪50; 4.5% from ₪100,000; 3.2% from ₪2M |
| Shekel deposit | Free | Only from one Israeli account in your name |
| Shekel withdrawal | ₪80 in the table | Unclear whether a fee or a minimum |
| Bitcoin withdrawal | 0.0005 BTC | ETH and LTC: 0.015; USDC: 50 |
| Custody fee | Up to ₪7 / month | For shekels, plus up to ₪7 in crypto; waived if you were active the month before |
Custody fees include VAT, per the site. Crypto deposits are free.
In numbers: a ₪5,000 instant purchase costs ₪250 in fees. The same purchase on the order book, at the lowest volume tier, costs ₪62.50. A regular trader who reaches a few hundred thousand shekels of monthly volume pays only tenths of a percent, less than any other licensed Israeli route.
There is a caveat. On a local order book the price is set by buyers and sellers on the platform, not directly by the global market. A press report from January 2026 said Bit2C prices can deviate from global rates by 3% or more. We have not measured this ourselves, but the lesson is simple: before a large order, compare the price in the book with the global rate.
Deposits and withdrawals: shekels only, bank only
Bit2C has exactly one way in: a shekel bank transfer from a single Israeli account in your own name to a trust account at Bank Discount. Real-time Zahav (RTGS) transfers are supported. The FAQ says plainly that you cannot deposit cash, cheques, foreign currency, credit or debit cards, or payment apps such as PayPal. Shekel balances earn credit interest.
Withdrawals go back to the same account. The fee table shows ₪80 in the shekel-withdrawal column, and it is not clear from the table whether that is a fee or a minimum. The FAQ gives a minimum of ₪180 and a cap of ₪700,000 per 30 days. We are not going to guess: check the exact figure in your account before your first withdrawal.
Opening an account: two IDs and a video call
Bit2C’s verification is stricter than most, which is part of the price of local regulation. This is the flow as the site describes it:
- Two valid Israeli ID documents
For example an ID card plus a passport or driving licence. Without two, you cannot complete registration.
- Phone and email verification, plus questionnaires
A know-your-customer questionnaire, a FATCA declaration and a service-recipient declaration.
- An Israeli bank account in your name
The only account you can deposit from and withdraw to.
- A first deposit by bank transfer
Required before any crypto deposit or withdrawal.
- Live video identification
A live video call, in Hebrew, before crypto can move in or out.
Does Bit2C have an app?
"Bit2C app" is a common search, so here is the direct answer: when we checked on 5 October 2026 we found no Bit2C app in the Israeli App Store. We did not check Google Play. The service is built around its Hebrew website, and we have not assessed how it works in a mobile browser. If a dedicated app matters to you, that is a point for Bits of Gold, whose app is in Hebrew. It may change under eToro.
Tax-payment service and OTC desk
Bit2C runs a pilot service that pays your crypto capital gains tax straight to the Israel Tax Authority from your account. The fee is worded on the site as 1% of the tax amount or ₪2,000, "whichever is higher". We quote it as written and suggest confirming with the company before using it. For how the tax itself is calculated, see crypto tax in Israel.
For large amounts there is an OTC desk for wholesale buying and selling of BTC, ETH, USDC and LTC, for individuals and businesses, contacted by WhatsApp or email. No minimum is stated, and settlement is in shekels through the Discount trust account. Compare desks in our OTC guide.
Bit2C vs Bits of Gold
"Bit2C or Bits of Gold?" may be the most common question from anyone who wants a local platform. Both are licensed and both work in shekels, but they are built for different people.
Bottom line: if you are willing to place your own orders, Bit2C Pro is cheaper in almost every scenario. If you want one-tap buying, by card or standing order, Bits of Gold is more convenient, and for instant purchases it is also cheaper than Bit2C’s broker.
Who Bit2C suits
Pros
- CMISA licence (72080)
- Israel’s only shekel order book
- Pro fees from 1.25% down to 0.05%
- Client money in a trust account at Discount
- Tax paid straight from your account (pilot)
- OTC desk with no stated minimum
Cons
- Expensive instant buy: from 5%
- Only four coins
- No cards and no cash
- Two IDs and video identification
- Up to ₪7 a month custody if inactive
- No app found in the App Store
Bit2C suits a trader who places limit orders and wants low fees without leaving the shekel, an investor moving a large sum who would rather use an order book than a broker’s price, and anyone who wants to pay crypto tax in an orderly way from inside the platform. It is a poorer fit for someone who buys once a month with a single tap, wants a range of coins, or does not hold two valid Israeli ID documents.
Bit2C is really two platforms in one. Pro is one of the cheapest ways in Israel to buy bitcoin with shekels; instant buy is one of the most expensive.
If you sign up, spend ten minutes learning how to place an order on the book. On a ₪10,000 purchase, the difference between 5% and 1.25% is ₪375 in a single trade.
Bit2C: the bottom line
The only licensed shekel order book, with very low Pro fees and a trust account at Discount, now under eToro ownership. The downsides: a costly broker, four coins, heavy onboarding and a web-first product.
Frequently asked questions
What are Bit2C’s fees?
There are two routes. On the order book (Bitosi Pro) the fee is the same for makers and takers and depends on 30-day volume: 1.25% up to ₪20,000, falling to 0.05% above ₪4 million. The instant-buy broker starts at 5% and drops to 3.2% for trades from ₪2 million. Shekel deposits are free. If your account had no activity in the previous month, a custody fee of up to ₪7 a month applies.
Does eToro own Bit2C?
Yes. In its second-quarter 2026 results, published on 11 August 2026, eToro said it had completed the acquisitions of Bit2C and Zengo during the quarter. The price was not disclosed. The licensed company is now called Bitosi eToro Ltd. Note the distinction: Israeli licence 72080 belongs to Bit2C, not to the eToro app itself.
Is Bit2C regulated in Israel?
Yes. According to its website, Bit2C holds licence number 72080 from the Capital Market, Insurance and Savings Authority (CMISA) to provide a service in a financial asset, under the 2016 Supervision of Financial Services law. Customer shekels are held in a trust account at Bank Discount. The CMISA register could not be checked automatically, so verify the licence there yourself.
Does Bit2C have an app?
We found no Bit2C app in the Israeli App Store when we checked on 5 October 2026, and we did not check Google Play. The service is built around its Hebrew website. With the platform now owned by eToro the product may change, so check Bit2C’s own site for what is available today.
How much does a shekel withdrawal from Bit2C cost?
Bit2C’s fee table shows ₪80 in the shekel-withdrawal column, and the table does not make clear whether that is a fee or a minimum. Its FAQ gives a minimum withdrawal of ₪180 and a maximum of ₪700,000 per 30 days. Withdrawals go only to the Israeli bank account registered in your name. Check the exact figure in your account before you withdraw.
Sources
- Bit2C — fee table · Checked 5 October 2026
- Bit2C — FAQ · Checked 5 October 2026
- Bit2C — about and licensed entity
- Bit2C — OTC service
- eToro — second-quarter 2026 results · 11 August 2026
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It holds no Israeli CMISA licence, and neither does any other international exchange in this guide.