Bitcoin Change: Israel’s cash crypto network up close

What Bitcoin Change is

Bitcoin Change (ביטקוין צ׳יינג׳) is a chain of staffed shops, each with a two-way Lamassu bitcoin ATM: you feed in cash and receive coins in your wallet, or send coins and collect banknotes. The operating company is בטל ב 61 בע״מ (company no. 515788677), registered at Esther HaMalka St 4 in Tel Aviv. It was founded in July 2017, and its first branch was in the old building at Dizengoff 99. The Tel Aviv branch has since moved to King George Street.

As of October 2026 it is the only bitcoin ATM network we could find in Israel. Bits of Gold ran the country’s first machine back in 2014, but it has no cash desk today, and no international ATM operator appears to be active here. We could not read Coin ATM Radar automatically, so if you want to confirm the current picture, check there or with the operator.

It is worth being clear about what this review assesses. Bitcoin Change is not an exchange, so it does not appear in our top ten of crypto exchanges for Israelis. It is a physical conversion service, and we judge it as one: access, price, limits, transparency and licensing. The 7.0 score reflects a service that does one thing nobody else does, at a high price.

1. July 2017First branch

   At Dizengoff 99, Tel Aviv.

2. 2026Fee rises from 6% to 7%

   Described by the operator as its first fee update.

3. October 2026Temporary permit 57960

   Full licence application pending, per the operator’s site.

The fee: 7% over the Kraken rate

The machines are connected to the Kraken exchange, which supplies the live rate. In the branch a screen shows the market price, and the ATM shows the shekel price including the fee. The fee is 7% for buying and 7% for selling, after a rise from 6% during 2026. Open map listings still show 6%, so do not rely on them.

The operator’s own example is clear: put in ₪100 and you receive bitcoin worth ₪93. Want ₪100 in cash? You need to send bitcoin worth ₪107. There is no extra currency-conversion fee. If you buy and later sell the same way, the round trip costs about 14% before the price has moved at all.

So why pay more? Because what you buy here is not only a coin. There is no bank transfer, no card issuer to decline you, and a person in front of you who can help set up a wallet and scan a code. What you do not buy is anonymity: two IDs are required, and your details are kept.

Limits and identification

On your first visit you bring two valid ID documents: an Israeli ID card plus a passport or driving licence. Staff photograph both, and you complete a short know-your-customer questionnaire, which the operator says is required under the rules of the Israel Money Laundering and Terror Financing Prohibition Authority. You also need a crypto wallet on your phone; if you do not have one, staff can help install it. The company says it does not report to the Tax Authority on customers’ behalf and reminds them that capital gains on crypto are taxed at 25%. See how crypto tax works.

What a visit looks like

As the operator describes it, the process is simple. To buy: identify yourself the first time, open the wallet on your phone, feed banknotes into the machine, and the coins go to your wallet address at the price shown on screen, fee included. To sell: choose an amount in multiples of ₪100, send the coins from your wallet, or straight from an exchange, to the address the machine displays, and collect the cash once the transfer arrives. Staff help at every step, which is precisely what the fee pays for. Bring a charged phone and access to your wallet, and allow time for the questionnaire on your first visit.

Besides conversion, the branches sell hardware wallets such as Ledger and Trezor through a partnership with Cryptoman. Anyone buying more than they can afford to lose will probably want a wallet of their own anyway.

Which coins you can buy and sell

USDT deserves a closer look. The homepage says cash-outs are possible only in BTC, ETH and BCH, while the FAQ says you can also sell USDT straight from an exchange. Two pages from the same company disagree, and we cannot settle it for them. Before heading to a branch with USDT, phone ahead and ask. Our guide to USDT in Israel covers the other ways to convert it to shekels.

Licensing: a temporary permit, full licence pending

According to its About page, Bitcoin Change holds a "continuation of activity" permit, number 57960, to provide financial services under the Supervision of Financial Services (Regulated Financial Services) Law, 2016, and it is "in the process" of obtaining a financial-asset service licence from the Capital Market, Insurance and Savings Authority. Put simply, it operates lawfully while its application is reviewed, but it does not yet hold a permanent licence like Bits of Gold (56716) or Bit2C (72080).

Should that worry you? With a cash-for-coins service the risk profile differs from an exchange: you do not leave money in an account with the company, and the deal closes at the machine. Still, a permanent licence signals full supervision, and we will update this page if one is granted. We could not open the CMISA register automatically, so it is worth checking the status there yourself.

The cash law: an open question

Under the Law for the Reduction of the Use of Cash, since August 2022 a business may not receive or pay more than ₪6,000 in cash per transaction, and the limit between private individuals is ₪15,000. Bitcoin Change advertises a daily cap of ₪10,000. We found no official explanation of how the two limits fit together, and we are not going to try to reconcile them ourselves.

If you arrive with cash, remember that this money came from somewhere too. When you later sell and want to deposit the proceeds in a bank, the bank may ask about the source of funds, and a branch receipt will not always be enough. Keep every document.

All 11 branches: addresses, hours and phones

Most branches open Sunday to Thursday from 10:00 until 19:00 or 20:00, plus Friday morning, and close on Shabbat. Ein Shemer keeps longer hours, and Eilat works by WhatsApp appointment only. There is no branch in Petah Tikva, Ashdod, Holon, Bat Yam, Bnei Brak, Herzliya, Ashkelon, Ra’anana, Kfar Saba, Rehovot, Nazareth, the Upper Galilee or the Golan.

Data from the operator’s website on 5 October 2026. Hours may change around holidays, so call before you go. A map of every point is on our bitcoin ATMs in Israel page.

Who Bitcoin Change suits

Bitcoin Change suits someone buying a small amount for the first time who wants a person to explain it, someone whose card will not approve crypto purchases, and anyone who occasionally needs to turn coins into banknotes. A retiree in Haifa who was given a little bitcoin and wants cash, or a student in Beer Sheva who wants to try ₪200 without involving the bank, are the natural customers. Anyone buying regularly or in larger amounts will pay far more here than on Bit2C or Bits of Gold.

Frequently asked questions

Sources

1. Bitcoin Change — branches, limits and coins · Checked 5 October 2026
2. Bitcoin Change — help and FAQ · Checked 5 October 2026
3. Bitcoin Change — service fee update to 7% · Checked 5 October 2026
4. Bitcoin Change — about, company and permit 57960 · Checked 5 October 2026
5. Capital Market, Insurance and Savings Authority

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