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How to buy bitcoin in Malta

Malta
Bitcoin

Bitcoin became the first cryptocurrency that recorded transactions with great success on the basis of a secure network that is based on decentralized blockchain. It was launched in the first half of 2009 by Satoshi Nakamoto using a pseudonym. BTC is the largest digital money that is measured by market capitalization and amount of information that is stored on the blockchain. It is not necessary to pay for the software of Bitcoin. It is available online to every person who desires to run a BTC node and store his/her own copy of the cryptocurrency blockchain. Because of Bitcoin development, IT specialists have worked out additional protocols to increase the speed and privacy of BTC transactions. It consists of the Lightning Network, Liquid Network and Omni Layer. Only almost 21 million bitcoins will ever be available. New digital money is minted every 10 minutes by the miners who support the network by adding new information about transactions to the blockchain.

In our guide, we will tell you how to buy bitcoin in Malta.

Buy bitcoin using Itez: step-by-step instruction
1.

In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.

Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.

For example, this is how the copy address button looks like in the Exodus wallet:

5.

After copying the bitcoin wallet address, paste it into the dialog box.

Check your data — it is important to make sure that the address is entered correctly.

6.

After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.

7.

Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.

Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

Banks

In Malta you can buy Bitcoin with any Maltese bank card. AgriBank PLC is a bank for the agricultural sector. It is followed by Akbank TAS, APS BANK P.L.C. and Bank of Valletta.

Bank cards

In Malta it is allowed to use real debit and credit cards of Mastercard and VISA payment systems. It is also possible to purchase virtual cardsissued by special services.

How to store bitcoin

BTC has a decentralization. It is an important peculiarity. With a private key and a seed phrase in hands, your cash will always be in safety because other people have no opportunity to use your Bitcoin. If you want to see a full list of wallets, visit bitcoin.org