Buying Bitcoin in Spain has never been more accessible. With a growing number of regulated platforms, increasing bank integration, and widespread availability of digital payment methods, Spanish residents now have multiple secure and efficient pathways to enter the world of cryptocurrency. Whether you're a long-term investor, active trader, or simply curious about digital assets, this guide will walk you through everything you need to know—from legality and taxation to the best exchanges and wallet options in 2025.
Is Bitcoin Legal in Spain?
Yes, Bitcoin is legal in Spain, though it is not recognized as legal tender. The Bank of Spain and other regulatory bodies classify cryptocurrencies as private digital assets or commodities rather than currency. This means you can freely buy, sell, trade, and hold Bitcoin without legal restrictions.
However, regulators emphasize that crypto investments are not protected by government guarantees or financial safeguards. As such, investors are urged to proceed with caution and understand the risks involved.
Regulatory Framework: MiCA Compliance
As of December 30, 2024, Spain adopted the European Union’s Markets in Crypto-Assets (MiCA) regulation. Under this framework, all crypto-asset service providers (CASPs) must register with Spain’s securities market authority—the Comisión Nacional del Mercado de Valores (CNMV)—by the end of 2025.
This ensures:
- Stronger consumer protection
- Clearer operational standards
- Stricter AML (anti-money laundering) and KYC (Know Your Customer) compliance
Existing platforms may continue operating under transitional arrangements until full MiCA compliance is required.
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Taxation and Financial Reporting
Understanding tax obligations is crucial for any crypto investor in Spain.
- Capital gains tax on cryptocurrency ranges from 19% to 28%, depending on your income bracket.
- Losses can be carried forward for up to four years to offset future gains.
- Royal Decree 253/2025 mandates reporting of cash withdrawals over €3,000, including conversions from Bitcoin to fiat cash.
These rules reflect Spain’s effort to increase transparency and prevent money laundering through digital assets.
How to Buy Bitcoin in Spain: Step-by-Step Guide
Getting started with Bitcoin in Spain is simple. Follow these steps:
- Choose a secure wallet – Decide between custodial (exchange-based) or non-custodial (self-managed) wallets.
- Select a reputable exchange – Pick one that supports EUR deposits and complies with local regulations.
- Verify your identity – Complete KYC procedures required by law.
- Deposit funds – Use SEPA transfer, credit card, Bizum, or other supported methods.
- Buy Bitcoin – Enter the amount and confirm the transaction.
Within minutes, your BTC will be available in your account.
Top Platforms to Buy Bitcoin in Spain
Local Exchanges with Spanish Support
Bit2Me
As Spain’s first major crypto exchange (founded in 2015), Bit2Me is fully registered with the Bank of Spain. It offers:
- Over 150 cryptocurrencies
- Staking, loans, and tax reporting tools
- Support for SEPA, credit/debit cards, Bizum, Apple Pay, and Google Pay
- User-friendly interface in Spanish and English
Ideal for both beginners and experienced users seeking localized support.
TU Wallet (Telefónica + Bit2Me)
Launched by telecom giant Telefónica in partnership with Bit2Me, TU Wallet simplifies crypto access via mobile integration. Features include:
- Phone-number-based transfers (similar to Bizum)
- Easy buying, storing, and sending of crypto
- Integration with Bit2Me MasterCard
Perfect for newcomers looking for a seamless onboarding experience.
International Exchanges Available in Spain
Binance Spain
Binance’s regulated European arm is now officially approved by the CNMV. Binance Spain provides:
- Access to over 500 cryptocurrencies
- Spot and futures trading
- Staking and savings products
- Low fees and advanced trading tools
- SEPA, card payments, and P2P trading in EUR
Its Spanish-language interface makes it highly accessible.
Kraken
Trusted globally for security and compliance, Kraken supports over 340 cryptos and offers:
- Strong regulatory standing
- Competitive fees
- Excellent customer support
- SEPA transfers and card deposits
A top choice for serious investors.
Bitpanda
Based in Austria, Bitpanda caters specifically to European users with a unified platform for:
- Cryptocurrencies
- Stocks and ETFs
- Precious metals
Features include recurring buys, savings plans, and tax tools—ideal for diversified portfolios.
OKX
With licenses in Singapore and the UAE, OKX delivers powerful trading capabilities including:
- Fiat-to-crypto purchases in EUR
- Intuitive UI and strong liquidity
- Futures, spot trading, and DeFi integrations
Widely used by traders seeking global access.
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Are There Bitcoin ATMs in Spain?
Yes—Spain hosts one of the largest networks of Bitcoin ATMs (BTMs) in Europe. As of 2025, there are approximately 400 BTMs across the country, according to CoinATMRadar. These machines allow quick cash-to-Bitcoin transactions, often with minimal verification for small amounts.
Popular locations include Madrid, Barcelona, Valencia, and tourist-heavy coastal areas. While convenient, BTM fees tend to be higher than online exchanges.
Banking Integration: Crypto Trading via Mobile Apps
In a landmark development for Spanish finance, BBVA became the first major bank approved by the CNMV to offer direct Bitcoin and Ethereum trading within its mobile banking app in March 2025.
Key highlights:
- Initially rolled out to select customers; now available nationwide
- Suggests allocating 3–7% of portfolios to crypto for high-net-worth clients
- Fully compliant with MiCA standards
Other banks like Santander and CaixaBank are expected to follow suit soon, signaling deeper institutional adoption.
Bitcoin Communities in Spain
Engaging with local communities enhances learning and confidence:
- Barcelona Bitcoin Community Meetup – Regular in-person events for enthusiasts
- Avalbit – Advocacy group promoting blockchain education
- BitcoinTalk Spanish Forum – Active discussion board
- r/bitcoines on Reddit – Spanish-speaking community sharing news and tips
Joining these groups helps stay updated on trends, regulations, and real-world use cases.
Frequently Asked Questions (FAQ)
Is it safe to buy Bitcoin in Spain?
Yes. With MiCA regulations in place and major exchanges complying with CNMV requirements, buying Bitcoin through licensed platforms is safe and transparent.
What payment methods can I use?
Common options include SEPA bank transfers, credit/debit cards, Bizum, PayPal (on select platforms), Apple Pay, Google Pay, and cash at BTMs.
Do I need to pay tax when I buy Bitcoin?
No tax is due at purchase. However, capital gains tax applies when you sell or trade Bitcoin at a profit.
Can I use my Spanish bank account to fund crypto purchases?
Yes. Most regulated exchanges support EUR deposits via SEPA transfers directly from Spanish banks.
Which wallet should I use for storing Bitcoin?
For maximum control, use a non-custodial wallet like hardware or mobile wallets where you control the private keys. For convenience, exchange wallets work—but carry counterparty risk.
Will more Spanish banks offer crypto services?
Likely yes. BBVA’s move sets a precedent. Santander and CaixaBank are reportedly developing similar offerings.
Final Thoughts: The Future of Bitcoin in Spain
Spain’s crypto landscape is evolving rapidly. Regulatory clarity under MiCA, rising bank involvement, expanding ATM networks, and strong community engagement all point toward broader adoption. While challenges remain—especially around taxation and public awareness—the path forward is clear: Bitcoin is becoming an increasingly legitimate part of Spain’s financial ecosystem.
Whether you’re using a local exchange like Bit2Me or leveraging global platforms like OKX, now is an excellent time to invest wisely and securely.
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