Is it legal to purchase cryptocurrencies in Spain?

Yes, it is legal to purchase cryptocurrencies in Spain. The Spanish government has recognised cryptocurrencies as “financial assets” and implemented a tax structure for profits from cryptocurrency transactions. While there are no specific regulations in place yet, the Spanish government is reportedly working on draft legislation that would regulate the industry.


5 Best Cryptocurrency Trading Platforms in Spain

Below we have ranked the Five Best Crypto Exchanges in Spain based on factors such as platform fees, available features, supported assets, security, customer support options, and more.

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1. Uphold - Best Overall Crypto Exchange in Spain

Uphold is a multi-asset trading platform that is highly regarded in the crypto industry. The platform is well renowned for its audited proof-of-reserves that show customer funds are held 1:1 with what is reflected in their accounts. They also provide a hassle-free onboarding process with accounts being verified within minutes. On Uphold users can stake crypto for up to 25% APY and spend their tokens with the Uphold VISA Crypto Card.

  • 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: 210 cryptocurrencies, 40 shares, 4 precious metals, 27 fiat currencies and environmental assets.
  • Regulation & Licensing: Regulated and Licensed in Europe and Spain.
  • 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.
Uphold - Best Overall Crypto Exchange in Spain.
Uphold - Best Overall Crypto Exchange in Spain.

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2. Bybit - Best Non-KYC Crypto Exchange

Bybit is the leading Non-KYC crypto exchange with over 10 million registered users in 180+ countries. This makes it an ideal choice for Spanish crypto investors who want to remain anonymous while trading cryptocurrencies. The platform has low fees and offers a variety of features such as leveraged trading, crypto staking and loans, an NFT marketplace and much more.

  • 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.
Bybit - Best Non-KYC Crypto Exchange.
Bybit - Best Non-KYC Crypto Exchange.

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3. eToro - Best Multi-Asset Trading Platform

eToro is another major multi-asset trading platform that allows users to buy and sell various assets such as stocks, commodities, crypto, ETFs, indices, and more. The platform offers a variety of features such as copy trading and the ability to open leveraged positions up to 2x leverage on certain assets. It also offers crypto staking but only Ethereum and Cardano.

  • ‍Fees: Deposits & withdrawals are free and crypto trades are subject to a 1% flat fee.‍
  • Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.‍
  • Regulation & Licensing: Regulated & Licensed by the CySEC.‍
  • Customer Support Options: 24/7 support via live chat, email & online ticketing system.‍
  • EUR Deposit Methods: Bank Transfer, Credit/Debit Card, Trustly, Klarna, SOFORT, Skrill, Neteller, and PayPal.
eToro - Best Multi-Asset Trading Platform.
eToro - Best Multi-Asset Trading Platform.

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4. Binance - Best Global Crypto Exchange

Binance is one of the most popular global cryptocurrency exchanges out there today with over 350 tradable assets including BTC, ETH, XRP, and more. The platform offers a wide array of features such as spot trading, futures trading, margin trading, staking, and more. It also has an impressive mobile app that provides users with access to their portfolios on the go.

  • 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.
Binance - Best Global Crypto Exchange.
Binance - Best Global Crypto Exchange.

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5. Bitpanda - Best European Crypto Exchange

Bitpanda is one of the most popular European cryptocurrency exchanges offering a wide range of services including spot and derivatives trading, staking, and more. The platform has a user-friendly interface, low fees, and a wide variety of European fiat currencies including EUR, GBP, DKK, and CHF. It is supported in over 90 countries including most of Europe.

  • 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.
Bitpanda - Best European Crypto Exchange.
Bitpanda - Best European Crypto Exchange.

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The Bottom Line

The Spanish cryptocurrency market is booming with a variety of exchanges available to choose from. Whether you're looking for an anonymous platform or a multi-asset exchange there is something for everyone out there. We recommend using Uphold as it's a secure, regulated platform that provides audited proof-of-reserves that shows customer funds are always backed 1:1.