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, click on “Buy”, enter the desired amount, and select the “Market Price” button.
In the window that will open, click on “Buy via Standing Order”.
Choose the wallet where you want your purchased cryptocurrency to be sent - either our Bits of Gold managed cold wallet or an external wallet you own.
If you choose to purchase to an external wallet, you will need to enter the external wallet address (we recommend verifying that the address is correct before proceeding).
Next, you will need to log in to your bank’s website or app to set up the monthly direct debit using the Bits of Gold bank account details displayed on your screen. After setting up the direct debit, you will need to upload a photo of the bank confirmation to complete the process.
Select or add the bank account details from which the monthly transfer will be made.
That's it. The direct debit will start once the first payment is received in our bank account.
You can view and/or cancel your direct debit by going to the “Profile” tab and then clicking on “My Standing Orders.”
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.