You can use the "Money" you've accumulated in your Yellow Wallet to purchase Bitcoin by redeeming a dedicated gift card. The process consists of two simple steps: first, purchase a gift card in the Yellow app using your accumulated "Money", and then redeem the gift card on the bits of gold website or app.
How do I redeem the gift card?
Purchase a gift card in the Yellow app using the "Money" accumulated in your Yellow Wallet (available in denominations of ₪20, ₪30, or ₪50).
Click the link you receive after completing the purchase. You will be redirected to the bits of gold website.
Sign in and complete a short verification process, which includes answering a few questions and uploading a valid government-issued ID.
Enter the gift card code on the Gift Card page and click Redeem.
Once redeemed, the gift card value will be credited to your Bitcoin balance within a few minutes.
Important Information
You can purchase up to 2 gif cards per month.
Each gift card can be redeemed only once.
The gift card is valid for 5 years from the date of purchase.
Redeeming the gift card is not considered a taxable event. A taxable event may occur only if and when you sell your Bitcoin in the future, in accordance with applicable law.
Frequently Asked Questions
Can I purchase Bitcoin directly using the "Money" I accumulated in Yellow?
No. The purchase is completed in two simple steps: first, purchase a gift card in the Yellow app using your accumulated "Money", and then redeem it on the bits of gold website to purchase Bitcoin. This process ensures that the Bitcoin is credited directly to your personal bits of gold account.
What should I do if the gift card is not loaded automatically?
If the gift card is not loaded automatically after clicking the link, you can redeem it manually:
Sign in to the bits of gold website or app.
Go to My Profile.
Select Gift Card.
Enter the gift card code and click Redeem.
The gift card code is available in the Yellow app and is typically also sent via SMS. Once redeemed, the Bitcoin will be credited to your account within a few minutes.
What happens if the gift card has already been redeemed?
Each gift card can only be redeemed once. If you receive a message indicating that the gift card has already been redeemed, it cannot be used again.
What happens if I don't redeem the gift card immediately?
You can redeem the gift card at any time during its validity period, which is 5 years from the date of purchase.
