Cash to Bitcoin in Sliema

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You can now buy Bitcoin from an ATM in Sliema. The machine, in a central street in Sliema allows you to purchase Bitcoin or simply check your online wallet using QR codes on your smartphone.

Using the new Bitcoin ATM in Sliema

WHAT IS BITCOIN

Bitcoin is a type of digital currency that uses encryption techniques in order to regulate the generation of units of currency and verify the transfer of the funds.

In order to purchase Bitcoin, you must first sign up with an online with an online exchange service although the ATM avoids this extra work. You would still need to have your own online wallet and converting your money into cryptocurrency is going to cost you an 8% transaction fee. Converting your money online is still going to take a charge; a lower one than transactions made through this ATM but then your national charges are also charged. Although most transactions require some kind of ID authentication and this can take up to 24 hours sometimes.

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