Frequently Asked Questions

 

What is a cryptocurrency? A form of digital currency.

 

Where are cryptocurrencies kept? In a virtual wallet.

 

How can such currencies be used? To purchase items on the Internet.

 

Are cryptocurrencies secure? Yes. They are also anonymous.

 

Is it possible to do transfers or pay with cryptocurrencies? Yes. All transactions remain untraceable.

 

Examples of cryptocurrencies? Bitcoin, Ethereum, Litecoin and Ripple.

 

Which was the first cryptocurrency? Bitcoin – created in 2009.

 

What is Bitcoin? A cryptocurrency that can be put into a virtual wallet that is easy to access, with immediate and anonymous transactions.

 

Do you pay fees when making deposits or withdrawals? No.

 

Are depositing and withdrawing safe and secure?  Yes.

 

Are there any limits on deposits and withdrawals? No.

 

Are transfers made immediately? Yes.

 

Do you have to verify any documentation? No.

 

Are cryptocurrencies allowed in Malta? Yes.

 

Do casinos allow payment in digital money? Yes, this is allowed by the Malta Gaming Authority.

 

How can someone register a cryptocurrency business in Malta? To register this type of business, one must present a set of specific paperwork with the Registry of Companies within the MFSA. Please refer to our service page here.

 

What is an ICO? Initial Coin Offering or also known as Initial Currency Offering. It is a type of crowdfunding (raising finances) using cryptocurrencies, particularly for star-ups. Click here for more information.

 

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This information is dated 09.07.2018.