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Malta was the first country to provide a regulatory framework for Bitcoin, giving it the nickname of "Blockchain Island".

In fact, some of the largest Bitcoin exchanges like Binance are based in Malta.

Since then, Malta has kept its Bitcoin-friendly attitude, and as a resident of Malta, there are plenty of stores and restaurants on the island that accept Bitcoin payments.

Valletta - the capital of Malta

One of the easiest ways to buy Bitcoin in Malta is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Malta, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

Another option for Buying Bitcoins in Malta is through peer-to-peer exchanges like LocalBitcoins. On platforms like these, users buy and sell with other individuals directly. More on how these work in Chapter 6.

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There are three main types of Bitcoin wallet and all of them are supported in Malta:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Malta that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Malta that allow you to buy litecoin and other crypto assets for good exchange rates.

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As of January of 2021, we could find no exchange hacks or significant scams affecting Malta or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Malta.

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Mining Bitcoin in Malta isn't the best idea if you want to turn a profit, as their average electricity cost is around $0.15 per kWh. That's relatively high when compared to cheap countries like China and India, with electricity costs around $0.08 per kWh.

The main factors that determine Bitcoin mining profitability are the cost of electricity where you live and the price of Bitcoin.

And while you don't have control over the price of Bitcoin, you at least have some control over the electricity cost where you decide to mine Bitcoin.

If the price of electricity is higher than what you earn in BTC, your mining operation won't be profitable. Considering Malta's electricity isn't cheap, even the best Bitcoin mining hardware won't cut it.

You can use our Bitcoin mining profitability calculator to check for yourself, but odds are you will be losing money - not making it - if you decide to mine Bitcoin in Malta.

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Does Coinbase work in Malta?

Citizens of Malta can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

• Bank Deposit
• PayPal
• 3D Secure Credit Card
• Debit Card
• Credit Card

Where Can I Find a Bitcoin ATM in Malta?

At this time, there are no Bitcoin ATMs in Malta.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Malta?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Malta?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda has EUR trading pairs for many popular coins.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.