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Buy Crypto Spain

Buy Crypto in Spain

Sara White
Fact Checked
Jan 7, 2023

There are many options available to investors in Spain looking to buy cryptocurrencies. This is due to the countries favourable regulatory approach to the asset class, which has made it easy for Spanish citizens to buy and sell cryptos through licensed exchanges.

To help you get started on your journey, we have reviewed the 5 best cryptocurrency exchanges in Spain to buy digital assets. Our ranking methodology is based on regulatory compliance, user experience, fees, available payment options and the selection of coins available on each platform.

  1. Uphold - Best Overall Crypto Platform in Spain
  2. Bybit - Best for Futures Trading and No-KYC
  3. Binance - Best for Altcoins
  4. Bitstamp - Licensed by Bank of Spain
  5. eToro - Best Multi-Asset Trading Platform

Best Crypto Exchange in Spain

  • Trade over 220 different Crypto Assets with fast and cheap Euro (EUR) from any French Bank, Debit Card or Credit Card.
  • Trade multiple asset classes including cryptocurrencies, stocks, ETFs and metals for zero fees.
  • Regulated in Europe and by the Financial Conduct Authority. Audited proof- of-reserves with 1:1 backing of customer funds.

How to Buy Bitcoin and Crypto in Spain

The best way to buy Cryptocurrencies like Bitcoin and Ethereum in Spain is through a licensed and regulated crypto exchange. With this method, investors can deposit Euros (EUR) from their Spanish bank accounts, debit cards or credit cards to safely buy and sell digital assets.

For investors looking to get started quickly, here is a simple 4 step guide with Uphold:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
  3. Deposit Funds: Connect your Spanish Bank account or a Debit Card/Credit Card to quickly deposit Euros.
  4. Buy Crypto: Find the crypto you want to buy on the platform and input your EUR amount to invest, then execute your order!
Buy Crypto in Spain
Buy Crypto in Spain with an EUR deposit.

Best Cryptocurrency Exchanges in Spain

For investors looking to do more due-diligence, we have put together short reviews of the best 5 crypto exchanges in Spain. With these breakdowns, you can compare the key features, pros and cons of each platform to help you maked an informed decision.

#1 Uphold - Best Overall Crypto Exchange

Uphold is the largest and most trusted option for investors in Spain. They are one of Europe's largest multi-asset exchanges that offers over 200 cryptocurrencies and hundreds of stocks, ETFs and other assets. Uphold is regulated and licensed in Spain and Europe by the Financial Conduct Authority (FCA) and CySEC.

Uphold Spain

Their platform offers fast and cheap Euro (EUR) deposits from any Spanish Bank and alternative methods including debit cards, credit cards, Apple Pay and Google Pay. Additionally, Uphold's fees are among the lowest in Europe, with zero EUR deposit fees and zero commissions on trades excluding the spreads.

Read our Uphold Review for more information.

Pros

  • 200+ digital currencies and other assets
  • Offers Crypto Staking services
  • Licensed and regulated in Spain
  • 0% trading commissions on crypto
  • Audited 1:1 Proof-of-Reserves

Cons

  • Only offers 200 stocks and ETFs
  • Only 26 crypto asset staking options
Visit Uphold

#2 Bybit

Bybit is a crypto derivatives exchange that offers futures and perpetual crypto contracts with up to 100x leverage. Their platform allows you to trade over 300 cryptocurrencies and offers other features like crypto staking, NFT Marketplaces and more. It is one of the best options available for investors looking to speculate on crypto prices without having to go through the KYC or identity verification process.

Bybit Spain

Bybit is based in Singapore but has recently opened its doors to Spanish investors, allowing them to deposit Euros (EUR) with SEPA transfers. They also offer low fees and an easy-to-use platform that makes it a great choice for traders who are looking to invest in crypto derivatives.

Read our Bybit Review for more information.

Pros

  • 400+ Cryptos with 100x Leverage
  • No KYC or verification required in Spain
  • 0.1% Maker Fees and 0% Taker
  • Crypto staking for 50+ coins

Cons

  • Unclear regulatory status in Spain
  • Limited Euro (EUR) deposit methods
Visit Bybit

#3 Binance

Binance is one of the world's largest and most reputable cryptocurrency exchanges. They offer a wide range of coins to choose from, including popular altcoins like Ripple (XRP), Ethereum (ETH) and Litecoin (LTC). Additionally, they have their own native coin, Binance Coin (BNB), which offers discounted trading fees and access to exclusive products.

Binance Spain

Binance has also recently opened its doors to Spanish investors as well and allows them to deposit Euros with SEPA transfers, Debit Cards and Credit Cards. They also offer low fees and discounts for larger orders, making it a great option for traders looking for a wide selection of coins and low fees.

Read our Binance Review for more information.

Pros

  • 350+ Cryptos with 25x Leverage
  • Binance Smart Chain DeFi ecosystem
  • 0.1%  Spot and Futures Fees
  • Crypto staking for 100+ coins

Cons

  • Does not offer stocks or other assets
  • Customer support is slow and poor
  • EUR Deposits can be expensive
  • Unclear regulatory status in Spain
Visit Binance

#4 Bitstamp

Founded in 2013, Bitstamp is one of the oldest and most reputable cryptocurrency exchanges in Europe. They offer only 70 cryptocurrencies to buy, sell and trade - which is notably less than other top exchanges - but makes up for it with their customer service, great user experience and highly secure platform.

Bitstamp - Spain

One key advantage for Bitstamp is their regulatory compliance within Spain. They are the only exchange that has received a license by the Bank of Spain, which completely allows them to offer virtual currency exchange services for fiat in the country.

Read our Bitstamp Review for more information.

Pros

  • Licensed by Bank of Spain
  • Trusted exchange since 2013
  • Fast and cheap Euro (EUR) SEPA deposits
  • Clean and simple user experience

Cons

  • Only offers 70 assets
  • Staking yields are lower than alternatives
  • Does not offer stocks or other assets
Visit Bitstamp

#5 eToro

eToro is one of the best and most beginner-friendly cryptocurrency exchanges in Europe. It is not only a trading platform, but also a social network for traders to share insights and follow each other's portfolio performance. Their platform offers multiple asset classes which includes over 70 cryptocurrencies and thousands of stocks, ETFs, commodities and other assets.

eToro Spain

The platform is licensed and regulated in Europe by the European Securities and Markets Authority (ESMA) - making them a safe way to invest. They also offer low fees, a variety of payment options and an easy-to-use platform which makes it an ideal choice for beginners.

Read our eToro Review for more information.

Pros

  • 8,000+ stocks and cryptos to trade
  • Licensed and regulated in Spain
  • Secure and operating since 2008
  • Social & Copy Trading features

Cons

  • Only offers 80 cryptocurrencies
  • Limited crypto staking options
  • High trading fees up to 1%
Visit eToro

Is Crypto Investing Legal in Spain?

Cryptocurrency investing is legal in Spain. The Spanish government has taken a proactive approach to regulating the cryptocurrency market and has established guidelines for the use and trading of cryptocurrencies.

In 2014, the Spanish Tax Agency issued a directive stating that cryptocurrency transactions are subject to value-added tax (VAT) in the same way as traditional financial transactions. In 2017, the Spanish Securities Market Commission (CNMV) issued a warning to investors about the risks of investing in initial coin offerings (ICOs).

In general, the Spanish government has taken a supportive stance towards cryptocurrencies and has recognized their potential as an investment asset. However, as with any investment, it's important to be aware of the risks involved and to do your due diligence before investing.

How to Pick the Best Exchange

When picking a cryptocurrency exchange in Spain, there are several factors to consider:

  1. Reputation and security: Look for an exchange with a good reputation and strong security measures in place to protect your funds. You can check reviews and do your own research to get an idea of the exchange's reliability.
  2. Fees: Compare the fees charged by different exchanges for buying and selling cryptocurrencies. Some exchanges charge higher fees for certain payment methods or for making large trades.
  3. Supported cryptocurrencies: Make sure the exchange supports the cryptocurrencies that you want to buy or sell. Some exchanges only offer a limited selection of cryptocurrencies, while others offer a wider range.
  4. Payment methods: Check what payment methods the exchange accepts and ensure that it offers a method that is convenient for you.
  5. User experience: Consider the user experience of the exchange's platform, including the ease of use, customer support, and available resources (e.g., charts and tools).
  6. Regulations: Check whether the exchange is regulated and compliant with relevant laws and regulations in Spain.

It's also a good idea to compare multiple exchanges to find the one that best meets your needs. Remember to do your own research and due diligence before choosing an exchange to ensure that it is reputable and trustworthy.

Final Thoughts

Cryptocurrency investing is legal in Spain, and there are several reputable exchanges available to choose from. When selecting an exchange, make sure to consider factors such as reputation, fees, supported cryptocurrencies, payment methods, user experience and regulations.

Always do your own research and due diligence before choosing an exchange to ensure that it is safe and suitable for your needs. With careful research and a little bit of luck, you can find the right exchange for your needs and start investing in cryptocurrencies today.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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