Can I Buy USDT in Spain?

Yes, you can purchase USDT (Tether) in Spain using digital asset exchanges registered with the Bank of Spain. These platforms follow local financial laws and ensure regulatory compliance.

Many platforms offer Euro deposits through SEPA transfers, bank deposits, and debit or credit cards. For added security, stick to Spanish exchanges that comply with Spain’s anti-money laundering (AML) and know-your-customer (KYC) standards to protect your funds and personal information.

How to Buy Tether (USDT) in Spain

Spanish traders can invest in USDT through Kraken, which holds a VASP license with Banco de España (Registration No. D892). It accepts Euro deposits from Spanish bank accounts via bank and SEPA transfers, PayPal, SWIFT, credit card or debit card. In addition to USDT, it supports over 290 cryptocurrencies and features like staking and futures trading.

Follow this guide to buying USDT in Spain through an exchange:

1. Sign Up: Create a Kraken account and complete the KYC verification process to meet Spain's regulatory standards.
2. Deposit Euros: Go to the ‘Funding’ section, select euros (EUR), and choose your preferred deposit method, such as SEPA transfer or bank deposit.
3. Trade for USDT: Open the trading dashboard, search for USDT, and select the EUR/USDT trading pair.
4. Confirm Purchase: Enter the amount of USDT you’d like to buy, review the transaction details, and confirm your order to complete the purchase.

EUR to USDT Fees

Keeping track of fees is essential when converting Euros to USDT. Here’s a breakdown of the costs Spanish users can expect on Kraken:

• Deposits: EUR deposits via SEPA transfer are typically free, with a €1 minimum. Bank deposits and debit or credit card transactions may incur additional fees depending on your payment provider.
• Withdrawals: SEPA transfers for EUR withdrawals are also free with a €1 minimum, but fees for other withdrawal options can vary by the provider you use.
• Trading: Kraken’s maker fees for EUR/USDT trades range from 0% to 0.16%, while taker fees fall between 0.10% and 0.26%. For stablecoin trading pairs like EUR/USDT, fees can be as low as 0% to 0.20%, depending on your monthly trading volume.

Kraken offers an affordable structure compared to competitors such as Coinbase, where trading fees can exceed 2%. 

Is USDT Legal in Spain?

Yes, Tether (USDT) is legal in Spain. Investors can buy and sell USDT through crypto exchanges that hold a Virtual Asset Service Provider (VASP) license from the Bank of Spain.

Additionally, platforms offering USDT in Spain must register with the Bank of Spain and comply with anti-money laundering (AML) and know-your-customer (KYC) standards.

As part of the EU, Spain adheres to the Markets in Crypto-Assets (MiCA) regulation, which establishes comprehensive guidelines for crypto operations, including clear compliance requirements.

Bottom Line

Spain offers a secure environment for buying Tether (USDT) through exchanges registered with the Bank of Spain. Kraken provides free EUR deposits via SEPA transfers and bank deposits.

Tether’s recognition under EU regulations, including MiCA, ensures compliant transactions and reliable custody options, making Spain an excellent location for purchasing and managing USDT.