Best Crypto Exchanges in Spain

Best Cryptocurrency Exchanges in Spain

Our team has evaluated 31 cryptocurrency trading platforms in Spain to identify the best choices for local investors. This assessment considered regulatory compliance with the Comisión Nacional del Mercado de Valores (CNMV), user experience, supported digital currencies, Euro deposit methods, fee structures, and platform features. Below is a comparison table highlighting the top 5 exchanges for Spanish traders.

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1. eToro

eToro is the leading investment platform in Spain that supports multiple asset classes, including cryptocurrencies, stocks, commodities and ETFs. It offers access to a diverse range of more than 4,500 financial instruments. This variety enables investors to build a varied investment portfolio using a single, secure, and comprehensively regulated platform. As a global exchange, it has a multilingual interface that can be used in Spanish.

The commitment of eToro to regulatory compliance sets a high standard. The platform is recognized as a virtual asset service provider (VASP) by the Bank of Spain. It strictly follows the regulations set by prominent European authorities, ensuring a secure and trustworthy environment for its userbase of 30 million. In addition, it offers unique features, such as a demo account and copy trading services.

• Fees: eToro operates on a variable spread fee structure, typically around 1%.
• Supported Assets: Over 4,500 assets, ranging from digital currencies to traditional investments like ETFs and stocks.
• Regulation & Licensing: eToro (Europe) Digital Assets Ltd is registered with the Bank of Spain.‍
• EUR Deposit Methods: Bank transfers, debit cards, credit cards, and SEPA.

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2. Uphold

Uphold is a global digital asset exchange, serving over 150 countries with a user base exceeding 10 million. It provides a simple interface that can be used in Spanish and English, and an easy sign-up process, making it a great option for beginners. There are over 250 cryptocurrencies, plus 27 traditional currencies and 4 precious metals, giving users the ability to store both fiat and digital currencies on one platform. 

A key highlight of Uphold is its accessible staking options, enabling investors to potentially earn up to 25% Annual Percentage Yield (APY) on a varied portfolio of up to 30 coins. It also excels in transparency and trustworthiness. The platform's audited proof-of-reserves, assuring that each digital asset is backed 1:1, reinforces its credibility as a transparent and secure choice for crypto investment in Spain. 

• Fees: Trading fee of 1%, along with a spread fee of 1%.
• Supported Assets: 250+ digital assets, 4 precious metals, and 27 fiat currencies.
• Regulation & Licensing: Uphold adheres to European regulations and is registered with the Bank of Lithuania.
• EUR Deposit Methods: Bank transfers, SEPA, Google Pay, Apple Pay, credit cards, and debit cards.

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3. Bybit

Bybit is an exchange that specialises in derivatives trading with leverage options up to 100x available. It has a diverse selection of over 1,100 cryptocurrencies to trade on spot, futures and options markets. The platform accommodates its 30 million users across Spain and 160 other countries by providing a multilingual interface available in Spanish and 20 other languages. It also offers free EUR deposits and has some of the lowest trading fees globally.

One of the most valuable aspects of Bybit is its transparent asset reserves, which provides insight into the exchange’s full cryptocurrency holdings. This provides users with peace of mind that their funds are being held securely and are accessible 24/7. In addition to trading, users can take advantage of the staking, lending and borrowing services available on the platform. There is also an NFT marketplace, trading bots, a Launchpad feature and more.

• Fees: Maker and taker fees of 0.02% and 0.055% for futures. Spot trading fees are 0.1%.
• Supported Assets: Over 1,100 digital assets.
• Regulation & Licensing: Registered with the CNMV.
• EUR Deposit Methods: Bank transfers, SEPA, debit cards, credit cards, Google Pay, Apple Pay and Easybank.

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4. Binance

Binance is the largest digital asset exchange in the world, known for its extensive ecosystem and a substantial global user base exceeding 190 million. The platform's offerings go beyond traditional spot and futures trading, introducing innovative services like Binance Earn. This feature enables users to generate yields on over 180 cryptocurrencies, appealing to those aiming to diversify their portfolios and create passive income opportunities.

In the Spanish market, Binance's compliance with local regulations is notably reinforced through its subsidiary, Binance Spain, S.L., which holds a VASP license from the Bank of Spain. The platform is an especially popular choice among institutional investors, offering advanced trading products such as crypto options with significant liquidity and instant execution. OTC desk services are available to users making trades over $100,000.

• Fees: 0.1% for spot trading and 0.02%/0.06% for derivatives.
• Supported Assets: Over 350 cryptocurrencies.
• Regulation & Licensing: Binance is regulated in Spain through its subsidiary, Binance Spain, S.L., which holds a VASP license from the Bank of Spain.
• EUR Deposit Methods: Bank transfers, credit cards, and debit cards.

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5. Bitpanda

Bitpanda was founded in Vienna and is registered with the Bank of Spain, and regulated by Austria's Financial Market Authority (FMA). The key feature of this platform is its extensive asset portfolio featuring over 3,000 cryptocurrencies, stocks, ETFs, fiat currencies, indices and commodities. It is the largest European multi-asset exchange that serves over 10 million users and provides an interface that can be used in Spanish and 5 other languages.

It has taken significant steps to comply with local regulations, registering as a virtual currency exchange and digital asset custody service provider with the Bank of Spain. The platform also supports a wide range of Euro (EUR) deposit methods and is compatible with major European banks. Bitpanda caters to the varied investment needs with staking, lending and borrowing services available, plus a crypto card and an OTC desk.

• Fees: Trading fees are set at 0.2%.
• Supported Assets: 3,000 cryptocurrencies, stocks, ETFs, fiat currencies, indices, and precious metals.
• Regulation & Licensing: Registered in Spain as a virtual currency exchange and digital asset custody service provider with the Bank of Spain.
• EUR Deposit Methods: Bank transfers, SEPA, debit card, and credit card.

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Is Crypto Legal in Spain?

Yes, cryptocurrency is legal in Spain, but it is not considered legal tender. The country has adopted a progressive stance on digital assets, evident through its regulatory measures and frameworks that aim to safeguard these activities. The primary regulatory authorities are the Comisión Nacional del Mercado de Valores (CNMV) and the Bank of Spain. 

Cryptocurrencies can be treated as securities in public offerings or as commodities when traded individually. Providers of crypto-to-fiat currency exchange and custodian services are regulated under anti-money laundering legislation. Additionally, the CNMV is responsible for supervising compliance with the European Commission’s regulation on Markets in Crypto-Assets (MiCA), and the Bank of Spain maintains a registry for Virtual Currency Service Providers.

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How is Crypto Taxed in Spain?

In Spain, cryptocurrency is treated as taxable income, and individuals must report gains and losses from crypto transactions to the Agencia Tributaria (Spanish Tax Agency). Specifically, profits from selling or trading cryptocurrencies are subject to capital gains tax, which ranges from 19% to 23%, depending on the amount of gain. 

Additionally, mining activities are considered economic activities and are taxed accordingly, with miners required to pay income tax and potentially value-added tax (VAT) on their earnings. Spain also mandates that individuals report any holdings or transactions involving cryptocurrencies in excess of €50,000 on the Modelo 720, which is used for declaring assets held abroad. 

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Bottom Line

In summary, Spain provides a regulated environment for cryptocurrency trading, supervised by the Comisión Nacional del Mercado de Valores (CNMV) and the Bank of Spain. The top 5 exchanges are eToro, Uphold, Bybit, Binance, and Bitpanda. These platforms comply with local regulations, provide seamless integration with the Euro, have a Spanish interface and cater to diverse investment needs.