How to Buy Cryptocurrency in Spain



Buying cryptocurrency in Spain
In 2021, Spain’s government proceeds to harden its attitude towards cryptocurrencies. What’s more, the Spanish Secretary of State for the Economy, Ana de la Cueva voiced her opinion on cryptocurrencies and the risk they present for Spain’s economy. She also stated that cryptocurrencies like Bitcoin pose a risk since users aren’t protected like they are conventional payment systems. The Secretary added that there is no guarantee system when it comes to Bitcoin. She replicated the state’s previous rhetoric regarding cryptocurrencies, emphasizing the lack of a regulatory framework within the industry. Other concerns about Bitcoin use are related to the fact that it isn’t supervised, and cannot be sanctioned, solidifying the stance that there is a lack of clarity on the nature of Bitcoin. According to a recent report, the Spanish authorities even passed a bill where cryptocurrency owners are required to disclose their crypto holdings and gains on assets.
As of 20/03/2021
Exchanges Info
These exchanges all accept customers from Spain. While they broadly offer the same services and you can buy cryptocurrency at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below
Binance
Binance is one of the largest crypto exchanges with low fees, 100s of coins, and high trading leverage. It is one of the easiest & cheapest exchanges for crypto trading.
Hundreds of coins and pairs
Very low fees
High liquidity
No US residents






Bybit
Based in Singapore and registered in the British Virgin Islands, Bybit is a P2P cryptocurrency exchange offering perpetual futures products with 100:1 leverage. Bybit can process 100k transaction per second which is a great feature for leveraged trading.
Advanced and secure technology
Anonymous accounts
Attractive trading bonuses
Very low fees
Limited asset coverage
No option instruments






Kraken
Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan
It can be used to trade against fiat options
Robust security measures
Free SEPA deposits in Europe
Not a very beginner-friendly interface.
No card deposit options






Uphold Disclaimer: Asset availability on the Uphold platform is subject to region. All investments and trading are risky, and may result in the loss of capital. Cryptoassets are largely unregulated and are not subject to protection
Uphold
Based in Charleston, South Carolina. Serves over 184 countries and has done over $4 billion in transactions. Offers convenient options to swap between crypto, fiat, equities, and precious metals.
Open to US residents
Integrated with Brave Browser
Over 50 different coins
Also offers precious metals and equities
Convenient and cheap deposit/withdrawal methods
High trading fees
Smaller coin selection compared to some
No Paypal withdrawal option
No instant debit card withdrawals





