Malta has emerged as one of the most crypto-friendly jurisdictions in Europe, with clear regulations around virtual assets. This Mediterranean island nation provides an ideal environment for investors looking to trade digital currencies. In this guide, we explore the best crypto exchanges in Malta.
As a pioneering country for distributed ledger technology (DLT) legislation, Malta enacted the Virtual Financial Assets Act in 2018. This law provides a balanced legal framework overseeing the crypto sector, bringing more transparency and security to investors. All exchanges highlighted here operate under regulations set forth by the Malta Financial Services Authority (MFSA) or corresponding European bodies.
When assessing Malta’s leading trading platforms, our methodology focuses on several key aspects:
- Adherence to MFSA guidelines and EU legislation
- Number of supported crypto assets
- Quality of user interface and mobile apps
- Euro deposit and withdrawal options
- Trading fees and discounts
Summary of 5 Best Crypto Exchanges in Malta
In Malta, experts advise opting for exchanges regulated by the Malta Financial Services Authority (MFSA) for purchasing and trading Bitcoin and other cryptocurrencies. By utilizing bank transfers, credit cards, or debit cards to deposit Euros (€), individuals can legally buy, stake, and trade digital assets.
For novices embarking on their crypto ventures in Malta, we’ve assessed the top 5 trading platforms prevalent in the region:
- eToro – Best Overall Crypto Exchange in Malta – We like eToro for its intuitive interface, extensive selection of assets, and full regulatory compliance.
- Uphold – Best for Security Measures – Uphold stands out for its robust security protocols and support for unique altcoins.
- Bybit – Ideal for Advanced Crypto Traders – Bybit excels through its perpetual swaps and futures contracts with high leverage.
- Kraken – Top Choice for Euro Funding – Exceptional Euro deposit and withdrawal rates make Kraken a top pick.
- Binance – Most Popular Altcoin Exchange – With the deepest liquidity across hundreds of altcoins, Binance leads the industry.
Without further ado, here are the top crypto exchanges available to residents of Malta:
eToro – Best Overall Crypto Exchange in Malta
With over 27 million users globally, eToro stands as the premier platform for buying, selling, and trading major cryptocurrencies in Malta. Its intuitive interface, combined with full compliance with MFSA regulations, makes eToro our top pick overall.
eToro Key Features:
- Access to 25+ top cryptos including Bitcoin, Ethereum, XRP, and more
- Ability to invest in crypto-related stocks like MicroStrategy
- Available on web and mobile (iOS and Android apps)
- Fees of 1% spread on crypto trades
- Licensed by the MFSA in Malta and CySEC in Europe
Why we like it: We recommend eToro for its intuitive interface, extensive selection of assets, and full regulatory compliance under Maltese and European financial authorities.
Uphold – Best for Altcoin Selection
For traders interested in smaller cap altcoins beyond the major names, Uphold offers exposure to over 250 digital currencies. Uphold has also earned high praise for its staking features, allowing users to earn up to 25% APY by holding certain cryptos.
Uphold Key Features:
- 250+ supported cryptocurrencies including unique offerings
- Up to 25% staking rewards on 30+ coins
- Accessible via web, iOS, and Android
- 1% trading fee plus 1% spread
- Licensed under Lithuanian e-money laws, compliant across the EU
Why we like it: Uphold stands out for its robust security protocols and support for unique, hard-to-find altcoins that aren’t offered on many mainstream platforms.
Bybit – Most Popular for Crypto Derivatives
Bybit specializes in crypto derivatives trading, making it distinctly popular among advanced traders in Malta seeking exposure beyond just spot markets. With the ability to long or short bitcoin and altcoins using perpetual swaps and futures contracts, Bybit also offers up to 25x leverage.
Bybit Key Features:
- Trade perpetual swaps on over 50 major cryptocurrencies
- Deep liquidity across BTC, ETH, XRP, DOT, and SOL pairs
- Up to 25x leverage on derivatives positions
- Intuitive trading interface and highly-rated mobile app
- Overseen by multiple European regulators
Why we like it: Bybit excels through its perpetual swaps and futures contracts with high leverage up to 25x, appealing to advanced traders seeking exposure beyond just spot markets.
Kraken – Best for Euro Funding Options
Boasting over 100 currency pairs across more than 50 cryptocurrencies, Kraken presents traders with remarkable liquidity and deposit flexibility. The platform is well-regarded for its exceptional Euro funding rates compared to rivals.
Kraken Key Features:
- 50+ coins including BTC, ETH, XRP, Polkadot, and more
- Margin trading available with 5x leverage
- Great Euro deposit options like SEPA Transfers
- Maker fee of 0.16%, taker fee of 0.26% per trade
- Regulated across Europe, fully accessible to Maltese traders
Why we like it: Exceptional Euro deposit and withdrawal rates through SEPA transfers make Kraken a top pick for funding accounts and withdrawing profits.
Binance – Most Popular Altcoin Exchange
Binance has risen to stardom as the largest crypto exchange worldwide by trading volume, featuring over 600 currency pairs. While the platform claimed to operate under Maltese jurisdiction in the past, the MFSA has clarified this is inaccurate. Still, Binance remains a go-to for altcoin enthusiasts.
Binance Key Features:
- 600+ trading pairs across over 150 altcoins
- Fast account setup with streamlined KYC process
- Binance Earn program for earning interest dividends
- Spot fees of 0.10%, derivatives fees up to 0.04%
- Developed mobile app for iOS and Android
With the deepest liquidity and most diverse range of altcoins, spanning over 600 trading pairs, Binance leads the industry and offers traders access to cutting-edge digital assets.
How to Buy Crypto in Malta:
For those looking to get started with crypto trading in Malta, following this step-by-step process can help ensure a smooth experience:
1. Select an MFSA-Approved Exchange
2. Register and Complete Verification Steps
3. Fund Your Account Via Bank Transfer, Credit Card, etc.
4. Place Your First Crypto Purchase Order
5. Withdraw Assets to a Personal Wallet for Enhanced Security
By opting for a regulated platform and adhering to straightforward purchase procedures, both new and experienced investors can confidently access Malta’s dynamic crypto economy.
Is Crypto Legal in Malta?
Yes, under Malta’s Virtual Financial Assets Act of 2018, cryptocurrency transactions are legal and exchanges operate within a clear regulatory environment overseen by the MFSA. The country’s proactive crypto regulations aim to harness financial innovation while protecting investors.
Crypto Taxation in Malta
Unlike most countries, Malta aims to attract crypto investment with favorable tax policies. Gains from buying, selling, or trading virtual currencies are exempt from VAT and capital gains tax, although income tax may still apply in certain scenarios.
In Closing
By combining progressive regulations, strong consumer protections, and attractive tax incentives, Malta provides an optimal environment for crypto. Both casual and professional traders can access digital asset opportunities through secure, nationally-licensed platforms. As the virtual currency market evolves, Malta is poised to remain a premier European destination for cryptocurrency participation.
Frequently Asked Questions
Is crypto trading legal in Malta?
Yes, cryptocurrency trading is fully legal and regulated in Malta under pioneering legislation intended to support ethical innovation in the crypto fintech arena. Leading exchanges adhere to strict oversight.
Can I use Binance in Malta?
While one of the world’s largest exchanges, Binance had claimed to operate under Maltese law in the past but this is not accurate according to national regulators. Maltese residents can still use the platform, although strictly regulated options may provide more local consumer protections.
Is Malta crypto friendly?
Absolutely. With bespoke laws for the cryptocurrency industry, no capital gains taxes on crypto, and a tech-forward attitude, Malta has firmly established itself as Blockchain Island – one of Europe’s most welcoming jurisdictions for crypto participation.
