Is BILS safe?
BILS is backed 1:1 by real Israeli shekels held in segregated bank accounts inside Israel, audited by Ernst & Young. It is the first stablecoin approved by the Israel Capital Market Authority, making it one of the most regulated stablecoins in the world.
Is BILS the same as the digital shekel from the Bank of Israel?
No. BILS and the digital shekel are two completely different things. BILS is a private stablecoin issued by Bits of Gold under supervision from the Israel Capital Market Authority (ICMA). It is already approved and operational. The digital shekel (also called CBDC, or Central Bank Digital Currency) is a separate project being researched by the Bank of Israel. It would be a digital version of the shekel issued directly by the central bank itself. As of 2026, the digital shekel is still in the research phase and is not yet available to the public. Key differences: - BILS is issued by a private licensed company (Bits of Gold), not by the Bank of Israel - BILS runs on a public blockchain (Solana). The future digital shekel may use a different infrastructure - BILS is available now. The digital shekel is not - BILS reserves are held in segregated bank accounts and audited by EY. CBDC reserves would be held directly by the central bank Both projects aim to digitize the Israeli shekel, but through completely different paths.
What is the difference between BILS and Bitcoin?
Bitcoin is a volatile cryptocurrency whose price fluctuates constantly. BILS is a stablecoin — its value is fixed at exactly 1 Israeli shekel and will not go up or down. BILS is designed for payments and transfers, not speculation.
Can I lose money with BILS?
You cannot lose money due to price volatility since BILS always equals 1 ILS. However, as with any financial service, there are custodial risks with any platform. The regulatory framework and segregated reserves significantly reduce these risks.
Can non-Israelis use BILS?
Initially, BILS is primarily designed for Israeli residents and businesses with Israeli bank accounts. International users may be able to access BILS through Solana DEXes, but direct issuance and redemption through Bits of Gold requires Israeli identity verification.
What blockchain is BILS on?
BILS runs on the Solana blockchain, known for its high speed (thousands of transactions per second) and very low transaction fees (fractions of a cent per transaction).
What are the fees?
The conversion between ILS and BILS is at 1:1 with no conversion fee. Standard bank transfer fees may apply when depositing ILS. Solana network fees for on-chain transfers are minimal (less than $0.01).
Is BILStoken.com the official website?
No. BILStoken.com is an independent educational resource and is not affiliated with Bits of Gold or the Israel Capital Market Authority. For official information, visit bitsofgold.co.il.