Because I work in several countries, I am sometimes paid in US dollars on my US account. Changing the money in Shekels and transferring it back to my account in Israel through the bank costs about $40 per transfer.
It has been suggested to me, that the best exchange rate, and cheapest, and quickest way to move money from the US to the Israeli account, is to buy and sell Bitcoins for the amount I need to transfer, online.
I have searched online, and found bitcoin websites that sell bitcoins in dollars, and sites that buy bitcoins for shekels. (and visa versa)
Is this method advisable? Are there any particular pitfalls in using Bitcoins?