Best Crypto Exchanges in Malta
Find out about the best crypto exchanges in Malta, where stringent MFSA regulations guarantee a reliable trading environment.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Malta is known as the "Blockchain Island" and has a dynamic cryptocurrency market, overseen by the Malta Financial Services Authority (MFSA). This ensures adherence to stringent regulatory standards and security. Maltese investors can use regulated digital asset exchanges that accept deposits in Euros through popular methods like SEPA, bank transfers, or credit and debit cards.
To support those new to digital currency trading, our team has reviewed the major investment platforms available in Malta and identified the leading 5 options:
Get the daily newsletter keeping 200,000 investors ahead of the market.
Best Cryptocurrency Exchanges in Malta
Following an extensive evaluation of over 12 digital asset trading platforms, we have discovered the top five exchanges for Maltese investors. Our analysis focused on their compliance with Malta Financial Services Authority (MFSA) regulations, the range of cryptocurrencies available, Euro deposit options, features and services, and fee structures. Here is a detailed comparison table for Maltese investors to use and find an exchange that aligns with their investment needs.
1. eToro
eToro is the best and most dynamic platform in Malta, offering access to over 4,500 financial instruments, including cryptocurrencies such as Bitcoin and Ethereum, plus traditional assets like stocks, commodities and ETFs. This diversity enables Maltese investors to expand their portfolios through one single, highly regulated platform. It has over 30 million registered customers in over 150 countries and provides multilingual customer support.
Regulated by premier European authorities, eToro is licensed in Malta and across Europe. It There are several Euro deposit options like bank transfers, SEPA, and credit or debit cards. One of the key offerings is the copy trading feature, which allows users to automatically replicate the trades of successful eToro investors. Known for its policy of no initial commissions and attractive spreads, is an exemplary choice for investors aiming to broaden their investment horizons.
- Fees: eToro uses a variable spread fee model, typically around 1%.
- Supported Assets: Over 4,500 assets, from cryptocurrencies to traditional investments like ETFs and stocks.
- Regulation & Licensing: Registered with top-tier regulators like the MFSA, AMF and CySEC in Europe.
- EUR Deposit Methods: Bank transfers, SEPA, debit cards, credit cards, and other payment services.
.webp)
2. Bybit
Bybit is Malta's leading exchange for derivatives trading, supporting both futures and options markets. It caters to a broad range of investors, offering over 1,100 digital assets to trade with competitive fees starting from a 0.01% maker and a 0.06% taker fee. In addition to trading, it provides lending and borrowing options, a staking feature, copy trading services, an NFT marketplace, multiple EUR deposit methods and a crypto debit card.
Its standout feature is its wide range of derivatives products, providing up to 100x leverage and significant liquidity on 180 futures contracts. Bybit is recognized as a secure and transparent exchange for investors as it regularly publishes its 1:1 proof-of-reserves. Due to its global accessibility, it can be used in multiple languages and provides a multilingual interface available in Maltese, English and 30 other languages.
- Fees: A 0.01% maker fee and 0.06% taker fee.
- Supported Cryptocurrencies: Trade 1100 digital assets.
- Regulation & Licensing: Adheres to CySEC regulations and is available in Malta.
- EUR Deposit Methods: Bank transfers, debit cards, credit cards, SEPA, and digital wallets like Google Pay and Apple Pay.
.webp)
3. Kraken
Kraken is a global exchange that serves both institutional and individual crypto investors in Malta. It boasts substantial quarterly trading volumes exceeding $207 billion and is regulated across Europe, providing a secure and compliant investment environment. It offers trading and staking options for various cryptocurrencies such as Bitcoin, Ethereum, Solana, and various emerging tokens, giving users the ability to earn up to 25% annual returns (APY).
Maltese investors value Kraken's commitment to an exceptional user experience, as evidenced by its highly-rated mobile applications on the App Store and Google Play. The platform's free Euro deposit methods and low fees of 0.1% for spot markets are especially appealing. Kraken Pro, aimed at professional and institutional investors, provides competitive benefits like narrow spreads, robust liquidity, and high deposit limits.
- Fees: Maker fees set at 0.01% and taker fees at 0.02%.
- Supported Assets: 250 spot markets and over 100 margin trading options.
- Regulation & Licensing: Adheres to top-tier European financial regulations, including Maltese ones.
- EUR Deposit Methods: SEPA Transfers, SWIFT, bank transfers, credit and debit cards, and more.
.webp)
4. Uphold
Uphold is a globally recognized platform with over 10 million users operating in 150 countries, including Malta. It offers an impressive collection of over 250 digital assets, plus various fiat currencies and commodities, positioning itself as a strong alternative to eToro. A main feature of Uphold is its straightforward staking options, allowing investors to earn up to 25% APY on a diverse selection of up to 30 cryptocurrencies.
It excels in transparency and trust, adhering to top global financial regulations and European standards, including Malta's financial oversight. The exchange provides transparent proof-of-reserves by undergoing regular external audits, ensuring each digital asset is fully backed. Uphold delivers a consistent and user-friendly experience whether accessed via the web, or iOS and Android mobile devices.
- Fees: 1% - 2% trading fee, plus a 1% spread fee.
- Supported Assets: Supports 250 digital assets, four precious metals, and 27 fiat currencies.
- Regulation & Licensing: Compliant with European regulations, registered in the Republic of Lithuania.
- EUR Deposit Methods: Bank transfers, SEPA, Google Pay, Apple Pay, credit cards, and debit cards.
.webp)
5. Gate.io
Gate.io is a digital asset exchange distinguished by its remarkable selection of over 1,700 cryptocurrencies, making it a top pick for those interested in a broad selection of tokens. Founded in 2013, it has amassed over 15 million registered customers across 180 countries and provides live customer support in 35 languages, which includes Malteses. In Malta's crypto market, Gate.io is attractive for its low fees, starting at just 0.1% for spot trades.
Boasting a significant 24-hour trading volume exceeding $5 billion, Gate.io asserts its strong global standing in the cryptocurrency world. The platform enhances the user experience with distinctive features like trading bots, copy trading services, and leverage options up to 50x, offering Maltese users various exciting market opportunities.
- Fees: Maker orders starting at 0.1% and taker orders at 0.2%.
- Supported Cryptocurrencies: Trade 1,700 digital assets.
- Regulation & Licensing: Based offshore in the Seychelles, it’s not directly licensed in Malta but remains accessible to Maltese users.
- EUR Deposit Methods: Local bank transfers, debit cards, credit cards, PayPal, and more.
.webp)
Is Crypto Regulated in Malta?
Regulating cryptocurrencies in Malta is part of a comprehensive legal framework, distinguishing the country as a leader in this field. The Malta Financial Services Authority (MFSA) oversees the cryptocurrency sector, ensuring that exchanges and related businesses comply with the necessary regulations. This oversight is a key component of Malta's strategy to establish a secure and legally compliant environment for its growing digital asset industry.
The country's progressive legislation, notably the Virtual Financial Assets Act (VFAA) enacted in 2018, has been instrumental in setting clear guidelines for cryptocurrencies and blockchain technologies. This act, along with the Innovative Technology Arrangements and Services Act (ITAS) and the Malta Digital Innovation Authority Act (MDIA), has been pivotal in protecting investors and providing legal clarity for the use of digital assets.
Is Crypto Taxed in Malta?
In Malta, businesses involved in distributed ledger technology (DLT) adhere to the standard tax framework applicable to all enterprises. This includes Corporate Income Tax (CIT) at 35%, Value Added Tax (VAT) at 18%, Stamp Duty (SD), and Social Security Contributions (SSC). The Commissioner for Revenue (CFR) administers these taxes and provides specific guidelines for DLT activities. DLT assets, categorized as coins, financial tokens, or utility tokens, are taxed based on their use and market value.
For capital gains, the tax treatment of DLT assets depends on their classification. Gains from the transfer of security tokens (financial tokens akin to equities or derivatives) are subject to capital gains tax. However, coins and utility tokens, used primarily as payment mediums or for services within DLT platforms, are not listed as capital assets and are thus exempt from capital gains tax. VAT applications vary based on the type of DLT asset, following the VAT Act and EU directives.
Bottom Line
In conclusion, Malta has established itself as a leading "Blockchain Island," providing a secure environment for cryptocurrency exchanges and investors. The presence of esteemed platforms like eToro, Bybit, Kraken, Uphold, and Gate.io caters to a broad selection of trading preferences, reinforcing the country's appeal in the global crypto market. Under the vigilant oversight of the MFSA and adherence to clear taxation guidelines by the Commissioner for Revenue, Malta offers a reliable and progressive ecosystem.
%20(1).webp)