Top Crypto Trading Platforms in Spain
To determine the leading cryptocurrency exchanges in Spain, we carried out an extensive evaluation of more than 50 platforms. Our method took into account crucial aspects such as adherence to Spanish regulations, variety of assets available, user-friendliness, options for deposits in EUR, fees, and others. Based on our analysis, we have compiled a list of the top five exchanges for crypto investors in Spain.
eToro is the top crypto investment platform in Spain, boasting a broad selection of assets, encompassing over 3,000 cryptocurrencies, stocks, commodities, currencies, indices, and ETFs. Its unique social trading features, such as Copy Trading and a Virtual Account for practice, set it apart from competitors.
Regulated by the European Securities and Markets Authority (ESMA), eToro has earned the trust of millions of investors in Spain and across Europe. The platform is highly regarded by Spanish investors for its user-friendly interface and cost-effective Euro deposit options via SEPA payments, online banking services, and debit cards. Additionally, eToro offers competitive fees, with no initial commissions and narrow spreads on assets, making it the most secure and well-regulated investing platform in Spain.
- Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.
- Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.
- Regulation & Licensing: Regulated & Licensed by the European Securities & Markets Authority (ESMA), CySEC, the FCA and other key regulators.
- Customer Support Options: 24/7 support via live chat, Spanish language support, email & online ticketing system.
- EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Trustly, Klarna, SOFORT, Skrill, Neteller, and PayPal.
Uphold is the second best multi-asset trading platform in Spain, featuring over 250 cryptocurrencies as well as gold and silver for buying and selling. Established in 2014, Uphold provides a user-friendly exchange, competitive fees, multi-currency support, and solid security measures, appealing to both beginners and seasoned investors. Notably, it is among the select few exchanges with audited 1:1 proof-of-reserves.
It's worth mentioning that, unlike eToro, Uphold is not currently regulated by the European Securities and Markets Authority (ESMA). They possess a license from the Financial Conduct Authority (FCA) and are permitted to operate in Spain, as well as accept users from the country. Although Uphold remains a secure choice, their regulatory status may render them slightly less protected compared to eToro.
- Fees: Free Euro deposits via Bank Transfer and SEPA, 2.49% for Debit/Credit Cards. Trading fees vary between 0.8% - 1.2% depending on the asset.
- Supported Assets: 250 cryptocurrencies, 4 precious metals, 27 fiat currencies and environmental assets.
- Regulation & Licensing: Regulated by the Financial Conduct Authority (FCA)
- Customer Support Options: 24/7 support via live chat, online ticketing system and email.
- EUR Deposit Methods: Bank Transfer, Credit/Debit Card, SEPA, Google Pay & Apple Pay.
Bybit holds the third spot as a preferred crypto exchange in Spain, especially for investors who prioritize anonymity. This non-KYC platform has gained substantial popularity, with over 10 million registered users across more than 180 countries. Bybit excels in its comprehensive array of services, offering features like leveraged trading, crypto staking, loans, and even an NFT marketplace. This rich offering, coupled with its low fee structure, ensures an excellent trading experience. Furthermore, its multi-lingual support, which includes Spanish and 20 other languages, makes it a user-friendly choice for Spanish crypto investors.
- Fees: Deposits and withdrawals are free, 0.1% fee on spot markets, and the maker/taker rebate is 0.01%/0.06%.
- Supported Assets: 400+ cryptocurrencies.
- Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
- Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
- EUR Deposit Methods: Credit Card, Debit Card, SEPA, Bank Transfer, Maestro & Google Pay.
Claiming the fourth spot among top cryptocurrency exchanges in Spain is Binance, a globally renowned platform catering to an expansive user base. Binance is known for its impressive portfolio of over 350 tradable assets, including market leaders like BTC, ETH, BNB and SOL. The platform is distinguished by its comprehensive set of features, encompassing spot trading, futures trading, margin trading, and staking, among others. Adding to its appeal, Binance offers a robust mobile application, facilitating seamless portfolio management anytime, anywhere. This blend of diverse offerings and user-centered design firmly positions Binance as a preferred choice for Spanish crypto investors.
- Fees: Variable deposit fees (based on method) and withdrawals are free. 0.1% flat trading fees for spot and 0.02%/0.07% maker/taker rebate.
- Supported Assets: 350+ cryptocurrencies.
- Regulation & Licensing: Unregulated in Spain.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- EUR Deposit Methods: Credit/Debit Card.
Rounding off the list at the fifth position is Bitpanda, a highly regarded cryptocurrency exchange based in Austria. Bitpanda offers a wide rangeof services that cater to different investor needs, including spot trading, stocks & ETFs and crypto staking, among others. Its user-friendly interface, combined with competitive fees, make it an attractive option for investors. The platform also offers Spanish language support and is licensed by financial authorities to offer its products and services in the country.
- Fees: Deposits and withdrawals are free on Bitpanda and trading fees are 0.2% - 1%.
- Supported Assets: 200+ cryptos including Bitcoin, Ethereum, and Cardano.
- Regulation & Licensing: Regulated by the Financial Market Authority (FMA) of Austria.
- Customer Support Options: 24/7 customer support via live chat, email, and social media.
- EUR Deposit Methods: Bank transfer, Debit/Credit Card, NETELLER, Bank Wire, and PayPal.
Is Crypto Legal in Spain?
Cryptocurrency is legal in Spain, and its usage and adoption as a means of payment and investment have been on the rise in recent years. The Spanish government has taken a proactive stance towards digital assets, recognizing the potential benefits of cryptocurrencies for the economy and financial sector. As a result, the country has put in place regulations that support the growth and development of the cryptocurrency market.
In Spain, cryptocurrency exchanges are regulated by the Spanish Securities Market Commission (CNMV), which oversees their compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. Additionally, the government has established a tax regime for cryptocurrency transactions, which treats them similarly to other financial assets. This means that gains from the sale of cryptocurrencies are subject to capital gains tax.
How to Buy Crypto in Spain
If you’re a complete beginner looking to buy Bitcoin and cryptocurrencies in Spain, follow this easy-to-understand guide for a safe and lawful transaction.
- Select a regulated platform: Opt for exchanges that comply with the rules of Spain's National Securities Market Commission (CNMV) or the European Securities and Markets Authority (ESMA).
- Create and verify your account: Sign up using your email, establish a strong password, and complete the KYC process by submitting necessary identification and proof of residence in Spain.
- Deposit EUR: Fund your account using SEPA transfers, instant bank transfers, or debit/credit cards.
- Purchase cryptocurrency: Choose the type and amount of digital currency in EUR or crypto, then confirm the transaction.
- Safeguard your investments: Transfer your digital assets to a personal wallet to enhance security.
By adhering to these instructions and choosing a reliable, regulated exchange, you can securely and legally acquire cryptocurrencies in Spain.
In conclusion, investing in cryptocurrencies in Spain has never been easier thanks to a variety of regulated and trustworthy exchanges available to Spanish investors. Platforms like eToro, Uphold, Bybit, Binance, and Bitpanda offer a range of services, easy EUR deposits, and extensive customer support. When choosing an exchange, consider aspects like regulations, asset variety, fees, and user interface.
The Spanish government's positive stance towards cryptocurrency trading has led to a well-regulated and vibrant crypto market. Always ensure to follow necessary procedures like KYC and account verification, and most importantly, safeguard your investments by transferring them to a personal wallet. Remember to stay informed and updated as the crypto landscape continues to evolve.