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How to Buy Bitcoin in Malta?

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Easiest and cheapest ways to buy crypto in Malta

Getting bitcoins in Malta is not an easy task as not all popular crypto exchanges are available to Malta citizens. This is a current list of bitcoin exchanges that allow users from Malta to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Established & high liquidity

How to Buy Bitcoin in Malta?

Bitpanda

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1-2 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Bitpanda is an Austrian cryptocurrency exchange that offers users a personal wallet and trading platform.

More info +

The exchange has been becoming increasingly popular throughout Europe with a very well-designed and easy-to-use platform.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from coin to coin
⚡ Trading fees:
0.05% – 0.10%
⚡ Payment Methods:
Bank Transfer, Credit Card, Debit Card, Cryptocurrency Neteller Bank Transfer (SEPA), SOFORT
⚡ Supported fiat:
USD, EUR, CHF, GBP

  1+ million customers
  Variety of payments and withdrawal methods
  Variety of supported fiat currencies

No insurances and no staking
Fees medium

Regulated & high liquidity

coinbase

Coinbase

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – EUR, USD, and 50+ more

Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.

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Coinbase offers its services in over 100 different countries around the world and has more than 60 million registered users. It offers its users more than 100 cryptocurrencies to choose from. Additionally, well above 400 trading pairs are offered on the Coinbase exchange. Furthermore, there is also a mobile app that is supported on Android as well as IOS.

⚡ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
⚡ Withdrawal fees:
SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
⚡ Trading fees:
Fees vary
⚡ Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
⚡ Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more

  An easy way for new users to purchase Bitcoin
  More than 100 cryptocurrencies to choose from
  A regulated and trustworthy company
High liquidity and purchasing limits

Confusing fee composition
Higher than usual fees

Established & high liquidity

How to Buy Bitcoin in Malta?

Binance

👛 Ease of Use – Medium
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, AUD, RUB

Binance is widely considered the largest cryptocurrency exchange in the world. It was launched in July of 2017 and in a short period of time became the exchange with the largest trading volume with more than $1 billion on a daily basis.

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How did Binance become so big so quickly? There are various reasons – low trading fees, professional attitude, the large number of cryptocurrencies supported by the platform, and friendly and transparent CEO. Some of the features available on Binance are Earn (locked and fixed savings, DeFi staking, and yield farming), Pool (join their mining and staking pools and earn rewards for keeping your chosen blockchains safe), Liquid swap, Liquidity pools, Automated trading bots, spot trading, futures and margin trading, and P2P trading.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from crypto to crypto
⚡ Trading fees:
0.1%
⚡ Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more
⚡ Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more

  High liquidity
  It supports a large number of crypto assets
  Widely considered the largest crypto platform
Various advanced features and services
One of the lowest fees among top exchanges

Not available in the US
Not fully registered
Hacked in 2019

Best Bitcoin Wallets in Malta

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


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Bottom Line

Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How to Buy Bitcoin in Malta?

Safello

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Safello is a Swedish cryptocurrency exchange that offers simple buying and selling of Bitcoin for fiat currencies.

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Safello’s services are available in 32 European countries – both EU member states and countries outside the union. Safello is completely compliant with EU and Swedish law to ensure reliable service customers. Safello does not charge commission. Instead, it uses a “spread model”, meaning all fees (banking, forex fees, etc.) and commissions are included in the buying and selling price.

⚡ Deposit fees:
Depending on the membership
⚡ Withdrawal fees:
0.00021 BTC
⚡ Trading fees:
2.5%
⚡ Payment Methods:
Credit Card, Debit Card, Bank Transfer, Bank Transfer (SEPA), Swish Handelsbanken Direkt, Bankgirot iDEAL
⚡ Supported fiat:
SEK, NOK, DKK, GBP, CZK, CHF, HUF, EUR

  Helpful Interface
  Regulated exchange
  No hidden fees
Allows fiat currency trading.

Requires KYC verification
It supports only Bitcoin

Trusted & high liquidity

Bitstamp

Bitstamp

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP

Bitstamp was launched back in 2011 by two Slovenians – Damijan Merlak and Nejc Kodrič. It is considered one of the oldest crypto exchanges in the world. Bitstamp moved from Slovenia to the UK in 2013 and then in 2016, it moved to Luxemburg where it is based today.

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Bitstamp has an extremely large user base – over 4 million. The exchange is considered one of the most secure and safest ones to its longevity on the crypto market.
The main services of the platform are buying and selling cryptocurrencies, spot trading, and staking. However, keep in mind that Bitstamp does not support some of the advanced trading services such as margin or future trading.

⚡ Deposit fees:
0 – 5 %
⚡ Withdrawal fees:
Sepa – 3 EUR, ACH – Free, Credit cards – 5%, International wire – 0.1%, and crypto – depends on the asset (0.0005 BTC)
⚡ Trading fees:
0 – 0.5 %
⚡ Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire.
⚡ Supported fiat:
USD, EUR, GBP

  Competitive fees
  Security and safety on a high level
  The longevity on the crypto market
Suitable for all types of traders (beginners and experienced ones)

The number of coins could be higher (50)
The number of coins available for staking could be higher (2)
No advanced trading services such as staking or margin trading

Regulated & high liquidity

uphold exchanges

Uphold

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.

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There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Free
⚡ Trading fees:
Based on spreads
⚡ Service fees:
1% – 3%
⚡ Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
⚡ Supported fiat:
USD, GBP, EUR, and 15+ more

  Anything-to-Anything feature
  Straightforward registration process
  Enables investments in US stocks, national currencies, and precious metals
There isn’t a fixed minimum investment

Telephone and Live-chat support doesn’t exist
Lower volume assets require higher spreads

Regulated & high liquidity

How to Buy Bitcoin in Malta?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.

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Currently, Coinmama is available in more than 150 countries around the world, and it has over 1.5 million users. Coinmama is registered under FinCEN in the U.S., but residents from 11 states aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe, secure, and fast transactions.

⚡ Deposit fees:
0 – 5 %
⚡ Withdrawal fees:
None
⚡ Trading fees:
2.9 – 3.9 %
⚡ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚡ Supported fiat:
USD, EUR, GBP, CAD, AUD

  150+ countries supported
  Mobile App (iOS and Android)
  Various payment methods
Quick verification process

Fees above the industry average
Only 10 cryptocurrencies

Regulated & high liquidity

How to Buy Bitcoin in Malta?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

If we are talking about the “big three” in the crypto exchanges world, then Kraken definitely joins Coinbase and Binance to be a part of it.

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Kraken has millions of active users, international markets, and strategic investors on board. It was launched back in 2011 so it is one of the oldest crypto exchanges in the world. Headquarters are in San Francisco, California, U.S. The founder and the CEO of the company is Jesse Powell.

⚡ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚡ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD)
⚡ Trading fees:
Maker: 0.16%Taker: 0.28%
⚡ Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
⚡ Supported fiat:
USD, EUR, GBP, JPY, CAD

  Available almost worldwide
  Longevity on the crypto market – highly respected exchange
  Over 90 cryptocurrencies
Advanced trading and staking services

Fees are fairly high compared to its main competitors
No derivates or futures trading

Regulated & high liquidity

kucoin logo

KuCoin

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 day
👛 Reputation – Trusted
👛 Supported fiat –  USD, EUR, GBP, AUD, CAD + 20 more

Founded in 2017 and with H.Q. in Singapore, KuCoin is among the leading cryptocurrency exchange platforms on the market. It has 10+ million users worldwide and 6+ billion in 24h trading volume.

More info +

KuCoin offers an impressive number of cryptocurrencies that you can buy, sell, and trade with one of the lowest fees in the crypto industry. KuCoin supports buying, selling, futures, leverage, spot trading, spot grid trading, margin trading, staking, lending, P2P trading, OTC trading, earn, and pool. It has 500+ cryptocurrencies available for trade and 1000+ trading pairs. Today, KuCoin is available in more than 180 countries around the globe.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
0 – 16$ (average)
⚡ Trading fees:
0 – 0.1 %
⚡ Payment Methods:
Debit and Credit card, Apple and Google Pay
⚡ Supported fiat:
USD, EUR, GBP, AUD, CAD + 20 more

  Wide range of coins
  Low fees
  Mobile App (Android and iOS)
No forced KYC
10+ M users
Innovative and quick to add new features

Not licensed in the U.S.
Limited payment methods

Frequently asked questions about buying Bitcoin in Malta

How can I buy Bitcoin in Malta❓

You can buy Bitcoin in Malta on any of the exchanges mentioned in this article.

Is there Bitcoin ATM in Malta❓

Entrepreneur Gabriel Cretu Torica installed Malta’s first Bitcoin ATM in Sliema, according to the Times of Malta. The machine, installed outside a shop on Blanche Huber Street, allows people to make bitcoin purchases and check their e-wallet balance via QR codes.

Can I use Coinbase in Malta❓

Yes, Coinbase is available in Malta.

Where is the Bitcoin machine located in Malta❓

Cryptocurrency machine is installed at 66 Triq Ix – Xatt, Tas-Sliema, Malta.

Is Bitcoin taxed in Malta❓

Those transactions which involve cryptocurrencies as “coins” as discussed are exempt from VAT – Malta follows the Skatterverket case of the Court of Justice of the European Union on this matter, and thus transactions involving cryptocurrencies as a means of payment are generally exempt from VAT.

Is Bitcoin legal in Malta❓

Yes, cryptocurrency is legal in the country. On 4 July 2018, Malta’s parliament passed three bills into law, establishing a regulatory framework for blockchain, cryptocurrency, and Distributed Ledger Technology. The move has made Malta one of the go-to places globally for crypto and blockchain business.

The post How to Buy Bitcoin in Malta? appeared first on CaptainAltcoin.

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