Malta is a hub for cryptocurrency trading, offering a variety of platforms for both beginners and experienced traders. Based on a detailed review of top crypto exchanges, this article highlights the best options available in Malta, focusing on features, fees, and usability. Below is an analysis of seven leading platforms, with eToro emerging as the top choice for its beginner-friendly interface and robust features.
Why eToro Stands Out
eToro is the best crypto exchange in Malta due to its intuitive design, social trading capabilities, and extensive asset offerings. With a rating of 4.5, it caters to beginners and casual traders while providing tools for advanced users. Here's why eToro is the preferred platform:
- Beginner-Friendly Interface: eToro’s platform is easy to navigate, making it ideal for those new to crypto trading.
- Copy Trading: Users can automatically replicate the portfolios of experienced traders, leveraging the expertise of eToro’s 35 million-strong community.
- Demo Account: A free demo account with $100,000 in virtual funds allows users to practice trading strategies without risk.
- Wide Asset Selection: Offers 100 cryptocurrencies, including major coins like Bitcoin and Ethereum, as well as high-potential smaller tokens.
- Crypto Wallet: Supported tokens can be transferred to the eToro Money crypto wallet for secure storage.
- Smart Portfolios: Pre-built portfolios provide an easy entry point for diversifying crypto investments.
- Transparent Fees: Charges 0% commission, with costs embedded in the spread.
Other Top Crypto Exchanges in Malta
While eToro leads, other platforms also offer compelling features for Maltese traders. Below is a summary of six additional exchanges, each with unique strengths:
-
Plus500 (Rating: 4.5)
- Best for: International trading, especially futures for Bitcoin and Ethereum.
- Key Features: Transparent fees, low margin requirements ($20 for Ether, $100 for Bitcoin), and a trading academy for beginners.
- Fees: $0.49 per Micro contract and $0.89 per Standard contract (per side), plus potential exchange fees.
- Assets: 2,800 instruments, focusing on major cryptos.
- Demo Account: Yes.
-
Skilling (Rating: 4)
- Best for: Mobile trading via its user-friendly app.
- Key Features: Offers over 1,200 instruments, including 70+ forex pairs and crypto CFDs. Supports MT4, cTrader, and SkillingTrader platforms, plus social trading via Skilling Copy.
- Fees: No fees for standard accounts; spreads start at 0.7 pips. Premium accounts charge $35 per million traded.
- Assets: 1,200 instruments.
- Demo Account: Yes.
-
Bitpanda (Rating: 4)
- Best for: Fractional and small-scale investing.
- Key Features: Allows investments starting at €1 with fractional shares. Offers 250+ assets, including stocks and ETFs, with a transparent fee structure.
- Fees: 1.5% premium included in the buy/sell spread.
- Assets: 3,000 instruments.
- Demo Account: No.
-
Eightcap (Rating: 4.5)
- Best for: Choice of trading platforms (MetaTrader 4, MetaTrader 5, TradingView).
- Key Features: Over 900 markets, including crypto, stocks, and forex. RAW accounts offer spreads from 0.0 pips.
- Fees: RAW accounts charge $3.5 per lot; Standard accounts are commission-free with spreads from 1 pip.
- Assets: 800 instruments.
- Demo Account: Yes.
-
AvaTrade (Rating: 4)
- Best for: Secure trading with strong regulation.
- Key Features: Regulated in multiple jurisdictions, offers CFDs on major cryptos like Bitcoin and Dogecoin. Uses segregated accounts and encryption for security.
- Fees: No commission; spreads start at 0.13%. Overnight swap fees and $50 inactivity fee after three months apply.
- Assets: 1,300 instruments.
- Demo Account: Yes.
-
KuCoin (Rating: 4)
- Best for: Social trading and altcoin enthusiasts.
- Key Features: Supports over 700 altcoins, spot trading, futures, margin trading, and staking. Offers passive income via its earn feature.
- Fees: 0.1% for trading volumes below 50 BTC in 30 days, with discounts for holding KCS tokens.
- Assets: Not specified, but includes major coins and altcoins.
- Demo Account: No.
Top Cryptocurrency Apps in Malta (Q2 2024)
In addition to exchanges, mobile apps play a significant role in crypto trading. Based on Q2 2024 data, here are the top five cryptocurrency apps in Malta, showcasing user engagement:
- Binance: Buy Bitcoin & Crypto: Steady downloads (120–170 weekly), peaking at 170 in early April.
- GoMining: Variable downloads (25–240), with revenue peaking at $721 in May.
- Tonkeeper — TON Wallet: Significant download growth, from 4 to 192 weekly, with minimal revenue ($6 peak).
- Bybit: Buy & Trade Crypto: Stable downloads (50–95 weekly), peaking at 95 in April.
- Trust: Crypto & Bitcoin Wallet: Consistent downloads (47–89 weekly), peaking at 89 in May.
Choosing the Right Platform
Selecting the best crypto exchange depends on your trading goals and experience level. Consider these factors:
- Ease of Use: Beginners should prioritize platforms like eToro or Skilling for their intuitive interfaces.
- Fees: Look for transparent fee structures, as seen with Plus500 and Bitpanda.
- Asset Variety: KuCoin and eToro offer extensive crypto selections, ideal for diversifying portfolios.
- Security: AvaTrade’s strong regulation ensures peace of mind.
- Mobile Access: Skilling and Binance provide robust mobile apps for trading on the go.
- Learning Resources: Platforms like eToro and Plus500 offer demo accounts and educational content.