Topic: Bitcoil - Exchange bitcoins for ILS (Read 13529 times)

Thanks Meni!

The Bitcoil service has been inactive for a long while, but you may want to have a look at https://www.bitsofgold.co.il/.

I'm looking to sell some btc for NIS...

can you make it happen??

Here is my thread https://bitcointalksearch.org/topic/m.9491460

PM sent.

I saw your site is down. Any chance you still will sell a few coins?

I haven't given this thread any love in a while, and I'm not sure if now is the time that I start, but...

This is a good place to announce that Ron Gross, aka ripper234, has joined Bitcoil as a partner.

I've known Ron for almost two years and I'm looking forward to leveraging his dedication, Bitcoin enthusiasm and skills which complement my own to bring Bitcoil and Bitcoin in Israel to the next level.

Used this service , works with no problems!
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Awesome! All we need now is an exchange in Iran and we're building bridges!

Thnx for the quick answer. I'll inform him.  He understands that the btc market is a "bit" crazy and doesn't mind , lets say, 5% either way .  He just doesn't want to find out he got 20% less coins than he expected because of a 2 minute spike in price.

It's tricky. There are some ways to do this properly but at this time they are either troublesome legally or too much of a hassle. What I can do is lock the rate when he informs me he sent the funds, even before I receive them, so he doesn't need to worry about future volatility if currently prices are stable (but only when I'm available, so he'll have to contact me about my availability).

Question. I have a friend  that wants to use your exchange service.
He was scared off  when the price went crazy a few days ago ( up and down)
He is looking for some assurance that if he send you his money , that you wont
charge him some crazy rate that happens for a short period of time.
Is this possible?

Yeah I have those too . My TH referral code is actually a special partner code which is better (for me) than normal codes. That's moot since nobody has used it in ages, I keep it for now mostly to show support for TH.

Yeah I guess I don't pay much attention to signatures and such.. they are mostly donation requests or tradehill discounts referrals

My volume recently has been too low even for "low profile" standards, so I can safely try to reach out a bit. Anyway I'm making a slow but steady progress on the legal front.

Google ads works great for this, because if someone is in Israel and searches for "Bitcoin" I'm almost 100% certain I have something to offer. Problem is, there isn't much relevant search volume. I did a campaign before to test and now relaunched it indefinitely, so expect to keep seeing those ads...

It's in my signature and you've seen me before, do you disable signatures or just don't pay much attention to them? Also my avatar is Bitcoil's logo, symbolizing it is a blue-and-white Bitcoin (exchange) service. It's also in some mandatory places like the wiki. Also appears in organic Google results for "Bitcoin ILS", "Bitcoin Israel" and "ביטקוין".

Anyway, I'm not sure how people miss this service but I know they do, hence the Google ads.

It is, you're welcome to use it!

That's interesting, whenever I checked I had never noticed such a significant difference. But I checked now and indeed there's some 10% discrepancy (why doesn't anyone arbitrage this? The depth isn't huge but I'm sure they could make a nice profit).

The reason for using Tradehill is that we were supposed to start a partnership (which we've postponed due to legal reasons) and we're amicable regardless of any partnership, so it would make sense to use them for backend trading etc. Now that I see the difference can indeed be significant, and seeing as customers would probably expect an mtgox rate, I'll probably switch to mtg rates.

Just found your service by accident on google ads ( not exactly low profile...)  ... wish I knew about this before!
If its still up and running we will use your service!

EDIT:  I just noticed you use Tradehill.  The Rate difference between them and MtGox is sometimes very high 5-8%.
Any special reason you use them?

I am happy to announce that after a hiatus of more than a month, Bitcoil is back in business, and with a new design courtesy of Crobbo. If you want to buy or sell bitcoins, and have a bank account in Israel, you're welcome to contact me.

However, as much as I would have wanted to say that the legal concerns are all behind us, and it's "warp speed ahead" from now on, in reality Bitcoil is now at best "not illegal". Bitcoin exchanging in Israel seems to be in legal limbo - the activity pattern is prone to be conducive to money laundering, and hence banks frown upon allowing it without a currency exchange license; but it is not legally a currency, in fact it is legally unprecedented, and hence it seems unlikely that such a license would be granted. Until the matter is clarified one way or the other, I'll need to keep a low profile to avoid raising any red flags.

Yes, I have a fixed fee, and my rates embody a certain percentage fee relative to the mtgox rates. Right now I sell with 7% fee and buy with 0% fee.

Honestly, I'm not surprised.
Do you have an exchange fee?

Transaction was smooth , coins received within 24.

I ordered 600 NIS from the site owner. I will update this post to help validate/warn the service