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How to buy Ethereum in Malta

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ETH
Ethereum
Ethereum

The position of cryptocurrency in Malta is at a significantly higher level than in most other countries. Malta became the first state in the world to introduce the regulation of cryptocurrencies into the existing system. Such control is due to the work of a special authority — Malta's DLT Regulatory Framework, which helps not to conflict with traditional financial institutions. At the moment, a fairly stable cryptocurrency system has been created in the island state, helping users to safely enter the digital space and master new working tools, which allows us to call Malta the ‘blockchain capital’.

How to buy Ethereum on Itez:
step-by-step instruction
1.

In order to buy Ethereum, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of ETH 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 €50. Well, in our instructions, as promised, we will go through all the stages of purchase ETH for dollars step by step.

2.

After converting the currency to ETH, 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 Ethereum wallet - from the “Accept” section.

Important: you should not manually copy the Ethereum wallet address. The blockchain system does not give any information about Ethereum 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 Ethereum wallet address, paste it into the dialog box.

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

 

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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. 

After making a payment on the Itez website, you will immediately be able to see the Ethereum in your wallet.

8.

The transaction will first wait for confirmations from the blockchain network.

On the Ethereum network, confirmation is quite fast and in most cases takes no more than a few minutes.

Banks

The banking system of Malta is considered quite developed and is included in the list of the safest systems in the world. Despite this fact, there are not very many really popular banks in Malta: the banks require a huge amount of information from users, which significantly lengthens the process of becoming a potential user. The largest financial institutions on the islands are APS Bank, Bank of Valletta, BNF Bank, FCM Bank and HSBC Bank, but there are other banks actively cooperating with Ethereum: the choice depends on the client.

Payment options

To purchase Ethereum, the user can use the cards of major payment systems Visa, MasterCard and Maestro or local payment systems. However, in Malta, all owners of payment systems and issuers of electronic money must obtain a special license, which, as in the case of banks, requires the user to provide a list of required documents. All of this, although it complicates the process of introducing into the cryptocurrency ecosystem, provides users with complete confidentiality and security in making transactions.

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How to store cryptocurrency

The versatility of Ethereum secured a confident second place for the cryptocurrency in terms of capitalization. The value of the currency forces the owners to think about the safety of storage. The following e-wallets are suitable for this: MyEtherWallet; Trust Wallet; Blockchain.com Mist; Jaxx; Atomic Wallet; Metamask; Ledger Nano S.

Itez
About Itez:

Itez is an instant ethereum purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?

First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The time of receipt of Ethereum to the client's account is no more than a minute. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the ETH value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final ETH value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.