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¡Hola! and welcome to this guide where you’ll learn how to buy Bitcoin in Spain.

If you’re wondering about best exchanges, legal intricacies and payment methods, you’re at the right place. But before we start, here is a short overview of what happened to the Spanish crypto economics after the severe pandemic crisis.

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Best Bitcoin Exchanges in Spain

eToro Exchange Logo


  • Great for crypto beginners
  • Solid crypto/general trading platform
  • Reliable company with solid trust in the community
  • Fully supports credit cards for deposits and withdrawals
Funding Methods e-Transfer & Wire Transfer
Cryptocurrencies 15+
Countries 70+
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. Only real cryptocurrencies are available to US customers.
Kraken Logo


  • Exceptionally secure exchange with proof of reserves
  • Supports many different funding options
  • Accepts users from across the globe including USA and Canada
  • Very high trading volume
Funding Methods Wire Transfer, ACH
Cryptocurrencies 185+
Countries 150+
Coinbase logo new


  • Beginner-friendly UI make it easy to make quick buys
  • One of the oldest and most reliable exchanges
  • Earn $200 in free crypto after completing sign-up process. Terms apply.
  • Variety of products including exchange, staking, wallet
  • Advanced Trading options for experienced traders
Funding Methods Debit & Credit Bank, PayPal, ACH, Bank Transfer, e-Transfer
Cryptocurrencies 100+
Countries 100+

Cryptocurrency Booms in Spain

Whether it was сoronavirus that hit tragically hard on the Spaniards or gloomy Malaga beaches with no tourists in the summer 2020 – something gave the local authorities all the blues and made them turn their eyes to crypto. Mid-October 2020, Spain’s new anti-tax fraud bill required all citizens to report in electronic form any digital asset usage above €1000, which increased the surveillance levels for the first time in months.

On the bright side, all 350 members of Spain’s lower house received 1 euro equivalent in crypto when the edtech platform Tutellus attempted to promote the use of cryptocurrencies in the country. Additionally, Banco Santander partnered with Ripple to explore how blockchain could make transactions faster, cheaper and more transparent.

So, does it all make it harder or easier for you to buy Bitcoin in Spain? Fortunately it remains relatively easy to trade fiat currency (Euros) for Bitcoin, Ethereum and other cryptocurrencies.

Best Spanish Exchanges for Buying Crypto

Well, spoiler alert: It’s pretty darn easy to buy Bitcoin in Spain. Most of the popular trading platforms are present in the country, so all you need to do is to pick one! Coinbase España is a popular choice as the international crypto exchange offers a wide range of features with a stellar reputation for security. Coinbase support is also provided in España.

Coinbase isn’t the only option and most international exchanges are available in the country. Here is the list that includes a few options. Note that all of them are multinational and operate across the globe:

It's easy to buy Bitcoin in Spanish cities like Madrid.

Is Crypto Legal in Spain?

Let’s put it this way: crypto in Spain is not banned, although there is no specific regulation in place yet.

In short, the local authorities don’t consider digital coins as money or financial instruments. However, depending on the situation, they might think that cryptocurrencies are securities, commodities or utilities and will treat them accordingly.

Importantly, regulators’ approach to small-size investors in Spain is very conservative and protective due to a large number of frauds in the crypto niche. Thus, if anything bad happens to you, you can always try and apply to the law on consumer and investment protection.

What about crypto taxes? Crypto is taxed in Spain at a variable rate from 19 to 23%. Higher rates will apply for the gains that exceed €50,000.

So, going back to the initial question if crypto is legal in Spain, the answer is yes, but there is no specific regulation just like in Japan.

Is Buying Crypto Easy in Spain?

While Bitcoin is still relatively hard to find in the mainstream, you might be surprised to learn that Spain is home to over 100 Bitcoin ATMs. It’s actually an impressive number compared to the rest of the world and sure to grow over the coming years.

In the global ranking of countries where you can find Bitcoin ATMs, Spain occupies the 4th place, which is a distinguishing stat that marks some engagement levels, or at least some engagement potential for crypto. If you want to learn more what Bitcoin ATMs are available in your area, check out‘s Bitcoin ATM map.

Bitcoin ATMs are very cool in a way: they are some sort of crypto renegades that guard the border between two worlds giving you a chance to interact with Bitcoin physically, which is rare. So if you bump into a huge orange box made of iron that looks like a regular ATM but not a regular ATM, congrats!

It’s easy to buy crypto from such a machine, and yet, you will maybe need to watch a couple of videos first, just in case.

But if you have a credit/debit card and, are ready to sign up with a cryptocurrency exchange, you won’t need any Bitcoin ATMs, and yes, buying crypto won’t be hard at all.

Exchanges across the globe have become increasingly secure over the years and Spain offers access to most of the high-quality ones.

Of course if you have a bank account it’s likely much easier (and cheaper) to just use an exchange.

Best Crypto Wallets for the Spaniards

Don’t have time? Just check out this comprehensive list of wallets on our website. Want to know where you’re about to put your money into? Then, read on!

If you’re used to choosing goods by their brands or good reputation, here is some bad news for you. The country that developed your crypto wallet might not be the key factor when you decide which asset management tool to choose. So there are no specific cryptocurrency wallets for Spaniards.

But what’s important to know, then, while choosing your first crypto wallet?

In the world of digital currencies, what’s hidden under the hood of your crypto wallet is sometimes as important as the funds it stores.

You see, there are two wallet types in general in the cryptocurrency niche:

  • custodial wallets
  • and non-custodial ones.

This interesting differentiation originates from a new DeFi trend everyone talks about so much these days.

DeFi project create non-custodial wallets designed mostly for ERC20 tokens, not Bitcoin, for nobody, at least, on paper, to be able to control your funds except you.

The list of these wallets includes but not limited to:

  • Furucombo
  • Argent
  • Zerion

However, in order to transact BTC, you’ll most likely need a beginner-friendly custodial wallet such as:

The custodial wallets’ teams will store your private keys, your passwords and basically all the information you need to access your funds.

Some say, it’s a bad thing because you can’t control your money, but some will tell you that they don’t need crypto for its decentralization. They don’t care about the philosophy, they just have to transact on a daily basis using a simple and nice interface. And should we really blame them for that?

So, are there any specific crypto wallets for Spaniards? Nope. Are there any specific crypto wallets for ERC20 tokens and mainstream coins such as Bitcoin, Monero and Ripple? Yes, and those are two completely different wallet categories to choose from.

What are the best crypto wallets for iOS?

How Do I Fund My Exchange Account in Spain?

You might be wondering how exactly you turn your Euros into Bitcoin or Ethereum.

The process, like most crypto transactions in Spain, is relatively easy. You’ll need to sign up for an exchange (this requires providing a small amount of personal information, depending on the exchange) and then set up a method for getting money into your account.

There a number of different payment methods for funding crypto exchange accounts in Spain including SEPA, credit card, PayPal and, with certain exchanges, Apple Pay.

You’ll generally pay a small fee if you want instant deposits or you can wait a few days and get low-cost or free deposits.


Phew, now you know that being Spaniard doesn’t mean that you necessarily have to transact Spanish crypto across Spanish blockchains to store your funds in the Spanish cryptocurrency wallets – OK, just kidding, but now you know.

The regulatory environment in Spain is quite friendly to small-size investors, which will help you deal with adversity that the niche offers to each of us. But, in general, the country is a little bit slow on blockchain adoption and even gives off some vibe of distrust towards its crypto enthusiasts.

However, the potential for the further developments of the ecosystem is huge, and the number of manifold Bitcoin ATMs in Spain goes to prove that. All-in-all, Spain is one of the better countries in the world to be a crypto investor and there’s very little in the crypto ecosystem that you won’t be able to access from the country.



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