The Direct Debit Crypto Plan allows you to accumulate cryptocurrency by investing a fixed amount every month, through one simple action that saves you valuable time, similar to the way funds are deposited into a savings plan.
To join the Direct Debit Crypto Plan with Bits of Gold, follow these steps:
Log in to your Bits of Gold account and click “Standing Order”.
Select the desired cryptocurrency from the list of supported currencies.
Choose the amount of cryptocurrency or the purchase amount in ILS (the minimum purchase amount for a standing order is 500 ILS per cryptocurrency).
Select your preferred billing day.
Choose the wallet to which you would like us to transfer the purchased cryptocurrency — a Bits of Gold managed cold wallet or an external wallet owned by you.
Next, you will need to log in to your bank’s website or mobile app in order to set up the monthly standing order using the Bits of Gold bank account details displayed on the screen. After setting up the standing order, please upload a screenshot or confirmation from the bank to complete the process.
Select or add the bank account details from which the monthly transfer will be made.
That’s it. The standing order will begin once the first payment is received in our account.
You can view and/or cancel your standing order by going to the “Profile” tab and clicking “Standing Order.”
You can view and/or cancel your direct debit by going to the “Profile” tab and then clicking on “Recurring Order”
Important Information:
The monthly minimum for a direct debit purchase is 500 NIS.
If you are purchasing more than one cryptocurrency, the minimum is 500 NIS per cryptocurrency.
The service fee is a reduced rate of 1.55% of the transfer amount (VAT will be added as required by law).
Depositing cryptocurrency to an external wallet (not the Bits of Gold managed cold wallet) incurs a withdrawal fee of 0.95%, which is added to the service fee (VAT will be added as required by law).
The exchange rate is locked at the time the funds are received in the company’s bank account (according to the direct debit schedule set in your bank), and the cryptocurrency will be sent to your digital wallet on the same day. You can cancel or modify your direct debit at any time, up to two days before the next scheduled transfer, with proper confirmation.
Please note: If your bank asks for an “Institution Code” when trying to set up a direct debit, you are attempting to set up a payment authorization instead of a direct debit as required. For further assistance with setting up your direct debit, please contact your bank branch directly.