With its vibrant crypto landscape, Spain is a tempting market for crypto traders. While many platforms (like Binance Spain and Kraken) are contesting for the title of the best crypto exchange in Spain, it's pivotal to choose the one that fits your needs.
Though, is crypto legal in Spain? Well, while there are no specific Spain crypto laws, Spanish residents can participate in crypto trading. I'll elaborate more on this further in my article.
That said, I'll also delve into the details of the top Spain crypto exchanges to help you make an informed decision. To be more precise, I'll cover:
So, let's embark on this journey together and dissect the features, benefits, and potential drawbacks of the best crypto exchanges in Spain.
1. Binance Spain – Binance’s Spanish Subsidiary
Ranks #1 out of 8 Crypto Exchanges
- + A variety of trading features
- + Over 500 supported crypto assets
- + Operates with the approval of the Bank of Spain
- - Might be a bit confusing for newbies
Recognized as one of the best crypto exchanges in Spain, Binance Spain (Binance’s Spanish subsidiary) stands tall among its competitors. Offering a vast array of over 500 crypto assets, it ensures accessibility to market leaders such as BTC, ETH, and BNB, as well as many other less popular altcoins.
The user-centric approach is evident in its features. Binance Spain’s meticulously designed mobile application offers unparalleled portfolio management, accessible anytime and anywhere. Such versatility, coupled with its diverse trading avenues, like spot and futures markets, solidifies Binance Spain's market dominance.
It's worth noting that Binance Spain is one of the top Spain crypto exchanges also because it operates with the approval of the Bank of Spain, exemplifying its commitment to transparency and legality. This adherence not only amplifies user trust but also establishes a harmonious relationship with Spanish financial authorities.
Moving further, fee structures can often deter potential users. However, Binance Spain’s approach is refreshingly transparent. The platform champions affordability, presenting variable withdrawal fees and ensuring free deposits. The competitively low trading fees (starting at 0.1% for spot trades) further entice investors, making financial transactions on Binance Spain both appealing and budget-friendly.
When talking about fees, Binance Coin (BNB), the platform's native cryptocurrency, deserves special mention. If you choose to cover your trading fees with BNB, you can reduce them by up to 25%.
Also, for those trading in Euros (EUR), Binance Spain has you covered. The platform presents a myriad of EUR deposit methods. Whether through bank transfers, Advcash, debit cards, credit cards, Google Pay, Apple Pay, or other options, Binance Spain ensures a seamless and hassle-free deposit experience tailored for its European users. This is one more reason why it is selected as one of the best crypto exchanges in Spain.
Now, ever thought about broadening your cryptocurrency Spain horizons?
Well, Binance Spain emerges as a comprehensive platform offering robust learning features via Binance Academy and extensive reports via Binance Research. From novices eager to dip their toes to seasoned traders aiming to diversify their knowledge, Binance Spain serves all.
But what about customer support? Binance Spain shines here too. A round-the-clock support system, equipped with live chat, email, and online ticketing, ensures that user queries and concerns never go unanswered. This constant vigilance fortifies Binance Spain's reputation as a user-first platform.
Besides, Binance Spain's commitment to safeguarding its users’ assets is commendable. With top-tier security measures and infrastructure, Binance Spain guarantees a trading environment where user assets remain insulated from potential threats.
Lastly, note that Binance's outreach goes beyond Spain. Its global footprint, with multi-language support, showcases its ambition to democratize cryptocurrency trading worldwide. Yet, its focus on local nuances, such as compliance in Spain, proves its dedication to regional user bases, too.
With a harmonious blend of features, security, and user engagement, Binance Spain's ascendancy as one of the best crypto exchanges in Spain is no surprise. A testament to its unwavering commitment to excellence and user satisfaction.
2. Bybit – Over 1,000 Supported Cryptocurrencies
Ranks #2 out of 8 Crypto Exchanges
- + Very low trading fees
- + Exceptional functionality
- + Mobile trading app
- + Helpful customer support
- + Up to 100x leverage
- - Might have a steep learning curve
One of the best crypto exchanges in Spain emerges to be Bybit. A platform that has steadily been gaining traction and becoming the go-to choice for many Spanish crypto enthusiasts, especially when it comes to derivatives trading.
Offering a wide array of cryptocurrencies is Bybit's forte. Major players like Bitcoin and Ethereum are complemented by over 1,000 emerging altcoins. This vast selection ensures that traders can diversify their portfolios, reaping the benefits of market ebbs and flows.
Though, supporting the Euro is where Bybit truly caters to its Spanish audience. Eliminating the need for tedious currency conversions, it offers direct trading and withdrawal capabilities in Euros. This seamless integration makes the trading journey smoother and more cost-effective for Spanish traders.
Bybit also shines bright with its variety of educational resources for beginners, as well as features like copy and demo trading. This makes it a great choice for new traders who are looking to learn the ropes of crypto trading.
Speaking of features, it's a true crypto hub overall, with a plethora of trading features, including the traditional ones like spot, margin, futures, and leverage trading, as well as trading bots, OTC trading, pre-market trading and much more. Apart from that, it offers various earning tools and many other cool things.
Speaking of trades, let's delve into fees. Bybit stands proud with its competitive fee structure, where spot trading fees for makers and takers start at 0.1%. Though, other fees are competitive, too. For example, perpetual and futures contract fees for makers start at 0.02% and for takers at 0.055%, while USDC options trading fees start at 0.02% for both makers and takers.
Besides, like with most other best crypto exchanges in Spain, you can lower all these fees by increasing your trading volume.
On top of that, if you ever have difficulties, there is a dedicated team of Spanish-speaking customer support representatives. This means that common Spanish traders, or even Bitcoin Spain specialists, can get help in their own language, which can be very helpful if they have any questions or problems.
Lastly, note that Bybit incorporates cutting-edge encryption technologies and other security measures to ensure users' funds and personal details are safe.
Among the best crypto exchanges Spain has seen, Bybit certainly occupies one of the top spots. Its unyielding commitment to safety, feature selection, and wide range of crypto support positions the platform as a premier choice for Bitcoin Spain traders and crypto enthusiasts, in general.
3. Kraken – Strong Security and Regulatory Compliance
Ranks #3 out of 8 Crypto Exchanges
- + Secure and reliable
- + Low fees
- + A good amount of fiat currencies accepted
- - Not the most helpful customer service
Kraken is a standout choice among the best crypto exchanges in Spain, often featured in prominent rankings thanks to its unwavering commitment to user satisfaction.
At the core of Kraken's success lies its dedication to providing a seamless trading experience, evident in its user-friendly mobile application. The Kraken app allows users to effortlessly buy and sell crypto and manage their portfolios. Besides, for more experienced traders, there's the Kraken Pro app, which provides access to futures trading and other advanced tools.
While Kraken might not support the most extensive range of digital assets, it still offers popular cryptocurrencies like Bitcoin, Ethereum, and Ripple. This limited selection, though, ensures that traders only have access to legit crypto projects.
Kraken has also taken proactive measures to ensure strong security. By implementing advanced security protocols, it fortifies its defenses against potential threats, offering users peace of mind while conducting transactions.
In terms of regulatory compliance, Kraken has always been proactive, adhering to Spain cryptocurrency regulations and fostering trust among its users. By maintaining positive relationships with financial authorities, Kraken demonstrates its commitment to legality and transparency, further enhancing user confidence.
On top of that, Kraken's support for trading pairs with EUR underscores its dedication to the Spanish and European markets. Through efficient transfer methods like SEPA transfers, Kraken streamlines the process of depositing and trading Euros, offering users a seamless experience.
When it comes to trading fees, Kraken offers slightly higher ones than the industry standard. For example, spot trading fees for makers start at 0.25% and for takers at 0.4%. However, by increasing your trading volume, you can reduce them even to 0% (for makers).
Crypto buying and selling fees, on the other hand, depend on various factors, including the asset in question, payment method, and so on. Thus, you can see them once you form your purchase.
What truly sets Kraken apart, however, is its exceptional customer support. With multiple channels for assistance, including live chats and ticketing systems, Kraken ensures that user concerns are addressed promptly and efficiently. This commitment to providing top-notch support distinguishes Kraken in the competitive landscape of Spain cryptocurrency exchanges.
While Kraken operates on a global scale, its attention to regional nuances underscores its dedication to meeting the unique needs of users in Spain. With its user-friendly features, stringent security measures, and reliable support, Kraken remains a trusted choice for those seeking the best crypto exchange in Spain and beyond.
Did you know?
Compare Crypto Exchanges Side by Side With Others
All Crypto Exchanges may look similar to you but they're NOT all the same!
4. KuCoin – The Altcoin Haven for Spanish Traders
Ranks #4 out of 8 Crypto Exchanges
- + Strong security measures
- + Over 700 supported cryptocurrencies
- + A variety of trading and earning features
- + Competitive fees
- - Not available for US traders
- - Might be somewhat complicated for beginners
Within the rapidly growing cryptocurrency landscape, KuCoin introduces itself as a leader, especially in the Spanish market. However, in the competition for the title of the best crypto exchange in Spain, what sets it apart?
Well, for one, its expansive range of over 700 supported cryptocurrencies. This variety of altcoins provides ample opportunities for traders to diversify their portfolios beyond Bitcoin and Ethereum, appealing to both mainstream and niche investors.
Its feature variety is also a noteworthy aspect when deciding if it’s the best crypto exchange Spain residents can access. Apart from various crypto purchasing and trading options (spot, futures, margin, etc.), it also provides a plethora of earning tools.
In addition to that, it offer a fractional NFT marketplace and even features tailored for institutional traders. As you can see, there’s a lot on the table with KuCoin.
However, despite its extensive offerings, which might seem a bit scary for newcomers, the platform's user interface strikes a balance between sophistication and simplicity, catering seamlessly to everyone. Besides, with dedicated Spanish language support, trading becomes a comfortable experience for Spanish-speaking users.
Now, despite a security breach in 2020, KuCoin's swift response in securing users' assets through insurance highlighted its commitment to user safety, strengthening trust within the community. Besides, it employs robust security protocols safeguarding users' assets and personal information, ensuring peace of mind for users.
In terms of fees, KuCoin offers competitive rates starting at 0.1% for spot traders, making trading affordable for all. You can even reduce these fees by increasing your trading volume. By the way, if you choose to cover fees with KuCoin's native token, KCS, you can enjoy a 20% discount.
Besides, it’s worth noting that KuCoin's integration of the SEPA payment system makes Euro deposits more accessible and convenient for Spanish traders, further emphasising its focus on the European market.
Overall, KuCoin's comprehensive offerings, including a wide range of cryptocurrencies, affordable fees, robust security measures, and extensive features, position it as a prominent player in Spain's crypto landscape.
5. Coinbase – A Web3 Wallet, Crypto Card, and Other Useful Features
Ranks #5 out of 8 Crypto Exchanges
- + Fiat currencies - accepted
- + Simple to use
- + Accepts only the most trustworthy cryptocurrencies
- + Very secure
- - Some of the less-known coins aren't supported
In the bustling digital currency scene, determining the best crypto exchange in Spain can be a tough task. Spain, with its modern digital infrastructure, offers an abundance of choices. However, for anyone new or seasoned in the crypto world, Coinbase emerges as a strong contender.
Coinbase proudly supports the Euro, resonating with the financial pulse of the Spain crypto scenery. Traders can easily fund their accounts with EUR via SEPA transfers. This integration streamlines the trading process, allowing users to transact without the looming shadow of exchange rate variations.
But what’s an exchange without its vast offerings? Coinbase, which is consistently ranked as one of the best crypto exchanges in Spain, provides various services. From staking and advanced trading tools to a Web3 wallet and even an attractive NFT marketplace, it ensures Spanish crypto aficionados have all necessary tools at their disposal.
Diving into the costs, trading fees on Coinbase are on the higher end. Besides, there is no "base fee," as all fees are calculated at the time you place an order and are influenced by many factors (payment method, order size, market conditions, jurisdictional location, and so on).
On the security front, Coinbase doesn't cut corners. You can trust the platform's fortified defenses to protect your digital treasures. With top-tier security protocols in place, all your assets are securely guarded.
Besides, for those always on the move, Coinbase’s mobile application is a true game-changer. Whether you’re in the heart of Madrid or the serene landscapes of Seville, your crypto portfolio remains accessible and manageable.
Also, a significant advantage of the platform is the Coinbase card, which perfectly harmonizes with its application. This gem allows users to use their crypto just as effortlessly as they would Euros.
On top of all that, the educational tools on Coinbase ensure traders aren’t walking in the dark. The Learn-to-Earn feature is particularly enticing, allowing crypto enthusiasts to understand the intricacies of the crypto universe, and even earn as they learn.
Reflecting on the insights above, there's no doubt that Coinbase stands as one of the best crypto exchanges Spain residents can use. With a Euro-centric approach provided, diverse features, and robust security, it's an essential tool for all traders.
6. CEX.IO – A Beginner-Friendly Exchange
Ranks #6 out of 8 Crypto Exchanges
- + Easy to navigate
- + Secure and regulated
- + Provides earning features
- + Competitive trading fees
- - Lacks advanced trading options
Established in the UK in 2013, CEX.IO has built a significant presence in many countries, including earning its reputation as one of the best crypto exchanges in Spain. Offering a decent array of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, the platform caters to various trading needs.
Navigating CEX.IO in Spain is very easy via both – the website and the mobile app. They are both designed with user-friendliness in mind. Moreover, CEX.IO ensures that customer support is readily available for everyone, enhancing the user experience.
Being subject to Spain crypto regulations, the platform provides a secure environment. This focus on regulatory compliance and security is further demonstrated by CEX.IO's employment of cold storage and multi-factor authentication techniques, safeguarding user assets effectively.
Now, fees are a pivotal aspect to consider when selecting an exchange. While CEX.IO doesn't offer the lowest fees in the market, it still has competitive rates. Market maker fees start at 0.15% and taker fees – at 0.25%. Though, if you increase your trading volume, you can get maker fees to as low as 0% and taker fees to 0.01%.
It's also worth noting that CEX.IO offers a variety of deposit methods, and each one has its own fee structure. The platform specifically caters to its Spanish users by allowing Euro deposits through multiple channels such as credit / debit cards, bank transfers, SEPA transfers, and PayPal.
The platform's versatility extends to its features, which range from instant buy and spot trading to earning features and even a crypto debit card. Of course, compared to some other exchanges, it doesn't offer that many features. However, because of that and its user-friendly interface, CEX.IO is a great choice for complete newbies.
Overall, CEX.IO's commitment to adhering to Spain crypto regulations, coupled with its user-friendly features, competitive fees, robust security measures, and compatibility with the Euro, makes it one of the best crypto exchanges in Spain.
7. Bit2Me – Trading, Learning, and More
Ranks #7 out of 8 Crypto Exchanges
- + Supports more than 250 cryptocurrencies and tokens
- + Very beginner-friendly
- + Integrated multicurrency wallet
- + Debit card, fully-functional mobile app
- + Top-tier security features
- - Average fees in some countries
- - Not available in the US
Bit2Me, one of the best crypto exchanges in Spain, has risen to prominence since its inception in 2014, amassing over 2 million users. Offering a range of services including buying, selling, and trading cryptocurrencies, along with a crypto wallet, debit card, and learning resources, Bit2Me is a trailblazer in the cryptocurrency Spain landscape.
Bit2Me is regulated by the Bank of Spain, so it meets all the rigorous financial and security standards, establishing a secure haven for users' assets. Also, Bit2Me is a member of the Blockchain Association and holds ISO 22301 and ISO 27001 certifications, showcasing its commitment to user safety.
Besides, the exchange employs all the necessary security measures, including cold storage and multi-factor authentication.
For those curious about its Euro compatibility, Bit2Me facilitates seamless transactions between the Euro and cryptocurrencies, adding a local touch to the global crypto sphere.
When it comes to cryptocurrencies, it provides traders with over 250 digital assets. Being one of the best crypto exchanges Spain, this diversity empowers users to curate their portfolios based on personal preferences and investment goals.
Speaking of goals, Bit2Me champions cost efficiency with notably low fees. For one, there are no deposit and withdrawal fees for cryptocurrencies, as well as no deposit and withdrawal fees for Euros via SEPA bank transfers. When it comes to trading fees, they range from 0% to 0.6% (depending on volume).
As a user-oriented platform, Bit2Me provides a user-friendly interface that caters to both novices and experienced traders. Moreover, round-the-clock customer support in Spanish and English ensures assistance is never out of reach.
Supported by its sterling reputation, Bit2Me emerges as a reliable choice in the Spanish crypto landscape. The exchange's consistent track record underscores its commitment to delivering exceptional service.
Bit2Me also acts as a resource hub, offering educational materials that equip users with insights into the nuances of cryptocurrencies. This emphasis on education aligns with its transparent approach.
Additionally, Bit2Me's versatility shines with its crypto wallet and debit card, streamlining the experience of managing and utilizing cryptocurrencies in real-world scenarios.
Ultimately, Bit2Me stands as a testament to innovation within Spain's cryptocurrency ecosystem. With robust features, reasonable fees, strong security, and a diverse range of supported cryptocurrencies, Bit2Me paints a compelling picture for Bitcoin Spain enthusiasts.
8. Bitstamp – A Good Option for Institutional Traders
Ranks #8 out of 8 Crypto Exchanges
- + Helpful customer support
- + Fiat payments are accepted
- + Reliable and established
- + Low trading fees
- - Small number of supported cryptos
In today's vibrant landscape of digital assets, Bitstamp has cemented its position as one of the best crypto exchanges in Spain. For those in search of cryptocurrency Spain platforms, Bitstamp stands out among numerous contenders vying for attention due to its user-centric approach.
Bitstamp's interface is meticulously designed to be user-friendly, ensuring that both crypto novices and seasoned traders can effortlessly navigate its offerings. By eliminating the clutter of technical jargon, Bitstamp ensures that users have a seamless trading experience.
When it comes to features, Bitstamp offers quite a wide variety, including simple crypto buying and trading, institutional trading tools, advanced trading options, earning through staking and lending, and more. The institutional trading interface offers reliable trade execution, industry-leading API connectivity, and deep order books.
When it comes to fees, Bitstamp's approach is transparent but not the most competitive. Its maker fees start at 0.3%, while the taker fees start at 0.4%. Of course, like with most prominent exchanges, you can reduce them by increasing your 30-day trading volume. If you trade over $1,000,000,000, you can even lower the maker fees to 0% and the taker fees to 0.03%.
Now, since security is a non-negotiable aspect of the crypto space, Bitstamp has taken measures that are truly commendable.
After a 2015 incident, it significantly improved its security. The majority of assets are now safely tucked away in cold storage, while insurance covers potential criminal activities. This two-pronged approach ensures both asset protection and user peace of mind.
Moving further, one of Bitstamp's strategic moves to cater to its Spanish audience is EUR support. You can deposit EUR into Bitstamp and there are even several trading pairs with EUR. Beyond that, Bitstamp's cryptocurrency roster is quite decent, with over 170 supported cryptocurrencies. Though, compared to some other best crypto exchanges in Spain, it's not the widest variety.
It's also worth noting that Bitstamp offers a suite of educational resources. From blogs and tutorials to guides and crypto definitions, it provides tools that demystify crypto trading.
To sum up, with its well-established features, learning materials, and user-friendly interface, Bitstamp holds a significant position in Spain, addressing the varied requirements of its growing user base.
Best Crypto Exchange in Spain: Spain's Crypto Laws
Those who are searching for the best crypto exchange in Spain, might also be wondering is crypto legal in Spain, in the first place.
Put shortly, as of writing, there are no specific Spain crypto laws. However, Spain residents can still participate in crypto trading activities, which are regulated in the country. Besides, the Spain crypto landscape is brewing, with more changes coming in the future.
Now, if we were to look into more detail, for one, crypto assets like Bitcoin and Ethereum are not considered legal tender or official currency. Instead, they're treated as commodities or chattels when trading individually or as securities when trading via public offerings. This means they're governed by general civil and commercial laws rather than specific Spain crypto laws.
However, the Spanish government has taken some steps to regulate certain aspects of the cryptocurrency industry, particularly focusing on anti-money laundering (AML) measures. In 2021, a royal decree (Royal Decree-Law 7/2021 of 27th April) was issued to include virtual currency service providers within the scope of AML laws.
These providers, including the best crypto exchanges Spain residents can access and wallet custodians, are required to register with the Spanish Central Bank and comply with AML procedures, such as customer due diligence and risk analysis.
Additionally, Spain has introduced some laws to regulate financial innovation and encourage the development of blockchain technology. For example, the government has established regulatory sandboxes, allowing companies to test innovative financial products and services under supervision.
Now, it's also worth noting that, in October 2023, the Spanish government announced plans to expedite the implementation of the European regulation on the crypto assets market (MiCA)[1]. This move aims to establish a stable regulatory framework, ensuring legal certainty and investor protection in the crypto industry.
MiCA regulation, once implemented, will be the first global standard to comprehensively regulate the crypto assets market. It covers obligations for both issuers and crypto asset service providers. However, the MiCA regulation does not cover all types of crypto assets; NFTs and DeFi activities are outside its scope. Either way, trading these assets on platforms will still be regulated under MiCA.
Regarding taxes, cryptocurrency transactions in Spain are subject to taxation. In April 2023, a new regulation (Royal Decree 249/2023 of 4th April) was introduced, requiring individuals and entities to declare cryptocurrency holdings and transactions. This includes reporting balances held in virtual currencies, as well as transactions involving the exchange or transfer of cryptocurrencies.
While crypto taxation is quite a complex process due to the lack of regulation[2], in Spain, cryptocurrencies are treated similarly to other financial assets. Profits from cryptocurrency trading are subject to capital gains tax, which is levied on the difference between the purchase price and the selling price of the cryptocurrency. The tax rate varies depending on the taxpayer's total income and the holding period of the cryptocurrency.
Furthermore, individuals and entities engaged in cryptocurrency mining or providing exchange services are also required to report their activities and pay taxes accordingly.
Overall, while there are no specific Spain crypto laws, the government has implemented measures to ensure compliance with AML laws and tax obligations related to cryptocurrencies. Thus, crypto is legal in Spain. Nevertheless, staying informed about evolving regulations is essential for anyone involved with cryptocurrency in Spain.
Conclusions
Spain's crypto exchange environment, characterized by platforms like Binance Spain, Kraken, and KuCoin, caters to diverse trading needs. Each platform brings unique features to the table, offering traders an abundance of choices.
For those wondering is crypto legal in Spain, it is, and the exchanges that are allowed to operate in the country must comply with AML procedures. Even though there are no specific Spain crypto laws as of writing, the country regulates crypto trading activities and has an ever-evolving landscape overall. Thus, it's crucial to follow news to be ready for any changes in the future.
Regardless of the regulatory environment, security is paramount in the realm of digital currencies. To ensure the safety of your assets, it's advisable to utilize advanced storage solutions like hardware wallets such as Ledger Nano X. These wallets offer enhanced protection, safeguarding digital assets from potential compromises.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. R. Casales González: 'EU Proposal for a Regulation on Markets in Crypto-Assets, the Mica Regulation';
2. Á. Hernández Sánchez, B. M. Sastre-Hernández, J. Jorge-Vazquez, et al.: 'Cryptocurrencies, Tax Ignorance and Tax Noncompliance in Direct Taxation: Spanish Empirical Evidence'.