Best Crypto Exchanges in Malta
A comprehensive guide showcasing the top five Cryptocurrency exchanges in Malta. Compare each ones features, fees, security, regulation, and support options to determine which is the best platform for you.
Summary: In Malta, to buy and trade Bitcoin and other cryptocurrencies, it is recommended to use a Maltese exchange that is supervised by the Malta Financial Services Authority (MFSA). You can deposit Euros (EUR) through bank transfers, SEPA transfers or credit cards and engage in the legal acquisition, staking, and trading of digital assets.
To help you start your crypto journey in Malta, we've evaluated the top 5 trading platforms in the country. These platforms are considered to be the most reliable and trustworthy options available:
Top Trading Platforms in Malta
Our experts have conducted an in-depth examination of the leading 40 digital asset exchanges to pinpoint the finest crypto trading platforms for Maltese investors. We reached our conclusion by assessing each platform's features, security protocols, fees, deposit methods in EUR, and other pertinent criteria.
1. eToro
eToro is the leading crypto exchange in Malta that boasts a diverse portfolio of over 3,000 assets, encompassing cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Exclusive features such as Social Trading, Virtual Accounts, and 10x Leverage differentiate eToro from competitors, ensuring competitive pricing and minimal spreads on assets.
Under the supervision of the MFSA and ESMA, eToro has garnered the trust of 30 million-plus users throughout Europe, incorporating Maltese investors. The platform's seamless interface, coupled with cost-effective EUR deposit methods via SEPA transfers, online banking, and debit cards, positions eToro as the foremost investment platform in Malta.
- Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.
- Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
- Regulation & Licensing: European Securities & Markets Authority (ESMA), CySEC, the FCA and other key regulators.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system, Twitter, LinkedIn, Facebook and more.
- EUR Deposit Methods: Bank Transfer, SEPA, Credit/Debit Card, Klarna, SOFORT, Skrill, Neteller, and PayPal.
2. Uphold
Uphold is a Cryptocurrency exchange founded in 2013 and based in San Francisco, California. It has over 10 million users globally and offers its services to over 120 countries including Malta. It offers a wide range of features, including trading and staking services, DCA-investing, a Crypto card, 24/7 customer support and much more. It is the only exchange that provides regularly audited proof of reserves.
- Fees: Free deposits and withdrawals. There are zero trading fees. Spreads average at around 0.5% depending on the token (industry-leading spreads).
- Supported Cryptos: 250+ Cryptocurrencies to trade & 30+ tokens to stake.
- Regulation & Licensing: Regulated and Licensed in Europe & Malta with audited proof-of-reserves.
- Customer Support Options: 24/7 support via live chat, email, Facebook, Twitter, Instagram & LinkedIn.
- EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
3. Bybit
Bybit is a Crypto derivatives trading platform founded in 2018 and based in Singapore. It has over 10 million users in 180+ countries including Malta. Bybit offers a myriad of features, including 100x leverage trading on derivatives, margin and options markets, loans and lending services, Copy Trading, Trading Bots, an NFT marketplace, Launchpool & Launchpad features and more. It also provides proof of reserves.
- Fees: Deposits and withdrawals are free. The spot trading fee is 0.1% and the futures maker/taker rebates are 0.01%/0.06%.
- Supported Cryptos: 400+ Cryptocurrencies to trade & 280+ tokens to stake.
- Regulation & Licensing: Unregulated hence no KYC requirements, but provides proof of reserves.
- Customer Support Options: 24/7 support via live chat, email, Facebook, Twitter, Instagram, YouTube, LinkedIn, Telegram, TikTok, Reddit & Discord.
- EUR Deposit Methods: SEPA, Bank Transfer, Credit/Debit Card, Wise, Skrill, Neteller, PayPal & more.
4. OKX
OKX is a global Cryptocurrency trading platform founded in 2019 and based in Seychelles. Although it isn't based in Malta, it does offer services to Maltese residents and is registered with the MDIA and has obtained a VFA license from the MSFA. On OKX, users can access multiple trading types including spot, margin, options and derivatives trading. It is also another exchange that is transparent with its assets and provides proof of reserves.
- Fees: Deposits and withdrawals are free. The spot trading fee is 0.1% and the derivatives maker/taker rebate is 0.02%/0.05%.
- Supported Cryptos: 300+ Cryptocurrencies to trade & 200+ tokens to stake.
- Regulation & Licensing: Licensed in Malta and provides proof of reserves.
- Customer Support Options: 24/7 support via live chat, email, Twitter, TikTok, Instagram, Discord, Telegram, Facebook, LinkedIn & YouTube.
- EUR Deposit Methods: Bank Transfer, SEPA & Credit/Debit Card, PayPal, Paysafe, Wise Transfer & more.
5. Binance
Binance is a global Crypto exchange founded in 2017, that was previously based in Malta but has since moved its headquarters. It has over 120 million users globally and is the largest trading platform by userbase. Binance offers a variety of features, including multiple trade types, various staking options, lending & borrowing services plus more. Unfortunately it is one of the few exchanges that does not provide proof of reserves.
- Fees: Deposit and withdrawal fees vary between 0.5% - 4% depending on the method. The spot trading fee is 0.1%. The future maker/taker rebate is 0.02%/0.06%.
- Supported Cryptos: 300+ Cryptocurrencies to trade & 100+ tokens to stake.
- Regulation & Licensing: Registered in Malta but does not provide proof of reserves.
- Customer Support Options: 24/7 support via live chat, email, Discord, Telegram, TikTok, Facebook, Twitter, Reddit, Instagram & YouTube.
- EUR Deposit Methods: Bank Transfer, SEPA, Credit/Debit Card & Apple Pay.
Is Crypto Investing Legal in Malta?
Yes, crypto investing is legal in Malta. The country has established a clear regulatory framework for cryptocurrencies and blockchain technology through three key acts enacted in July 2018: the Malta Digital Innovation Authority Act (MDIA Act), the Innovative Technological Arrangement and Services Act (ITAS Act), and the Virtual Financial Assets Act (VFA Act). These regulations have made Malta a favorable destination for crypto businesses and investors, earning it the nickname "Blockchain Island."
How to Buy Bitcoin and Crypto in Malta
Purchasing cryptocurrencies in Malta is straightforward due to its supportive regulatory environment. Here's a quick guide to buying your first digital assets:
- Platform Selection: Choose a platform regulated by the Malta MFSA such as eToro, Uphold, Bybit, OKX, or Binance. Each platform offers unique features, supported assets, and fee structures.
- Account Creation: Register on your chosen platform providing necessary personal details and complete the verification process ensuring KYC and AML compliance.
- Funds Deposit: Deposit Euros (EUR) via bank transfer, SEPA transfer, or credit card. This will be used to purchase cryptocurrencies.
- Cryptocurrency Purchase: Navigate to the trading section, select your preferred cryptocurrency, and place a purchase order.
- Investment Security: Post-purchase, transfer your assets to a private wallet for enhanced security.
Remember, considering the platform's distinct features, security measures, and fee structure is crucial when embarking on your crypto journey. Malta's regulatory environment offers a secure and legal framework for crypto trading, making it an ideal locale for both novice and experienced investors.
Bottom Line
In conclusion, buying and trading cryptocurrencies in Malta is an uncomplicated process, thanks to the country's robust regulatory framework. The approved and regulated platforms eToro, Uphold, Bybit, OKX, and Binance present a range of unique features, supported assets, and fee structures, offering a secure environment for your digital asset transactions.
Whether you're a beginner or a seasoned trader, it's crucial to review each platform's distinct offerings and prioritize security. As Malta continues to evolve as a global crypto hub, it opens up immense opportunities for investors to explore the dynamic world of cryptocurrencies.
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