6 Best Crypto Exchanges in Spain

List of Top Crypto Trading Platforms in Spain

How FXEmpire Chose the Best Crypto Platforms in Spain?

• Regulation and Legal Status: We prioritized platforms registered with the Bank of Spain and holding MiCA licenses to ensure full compliance with Spanish and EU regulations.
• EUR Deposit and Withdrawal Options: We looked for platforms that support SEPA Instant, bank cards, and Apple/Google Pay for fast, flexible, and low-cost EUR transfers.
• Security and Transparency: We checked for cold storage, 2FA, anti-phishing codes, and Proof of Reserves to ensure strong asset protection and platform reliability.
• Trading Tools and Interface: We tested the trading experience across devices, favoring platforms with clean design, advanced tools, and beginner-friendly Lite Modes.
• Crypto Selection: We compared the number and variety of supported tokens, favoring platforms that offer large-caps, stablecoins, memecoins, and trending altcoins.
• Low Fees: We reviewed maker-taker fees, fiat transfer costs, and spreads, ranking platforms with low, transparent pricing the highest.
• Liquidity: We analyzed trading volume and order book depth to ensure fast order execution and minimal slippage, even during volatile periods.
• Customer Support: We tested support speed and helpfulness across live chat and email to ensure users can get timely help when needed.
• Tax Reporting Tools: We looked for downloadable trade histories, capital gains reports, and local tax tool integrations to make compliance easier.
• Local User Support: We favored exchanges with Spanish language support, local payment methods, and educational content built for Spanish users.

Best Crypto Exchanges in Spain Comparison Table

How to Choose the Best Crypto Exchange for Spanish Traders?

What Is the Current Legal Status of Crypto Exchanges in Spain?

Crypto exchanges operating in Spain are legally allowed, but must follow strict compliance rules. Since 2021, all exchanges and custodial wallet providers have been required to register with the Bank of Spain as Virtual Asset Service Providers (VASPs). This ensures compliance with AML and counter-terrorism financing (CFT) laws.

As of 2025, the European Union’s Markets in Crypto-Assets (MiCA) regulation is being rolled out. Under MiCA, exchanges must obtain a license in one EU member state, which then allows them to offer services across the EU through a “passporting” system. While the Bank of Spain VASP registration is still required, MiCA introduces a unified regulatory framework that will soon take priority..

How Are Crypto Gains Taxed in Spain?

In Spain, crypto gains are taxed as capital gains under the personal income tax system. Rates range from 19% to 28%, depending on your total annual gains.

• Mining income is treated as self-employment income and taxed under general income tax rules. You may also need to register as self-employed and submit quarterly tax filings.
• Staking rewards and similar earnings (like yield farming or lending) are classified as investment income and taxed at the same progressive capital gains rates, starting at 19%.

Taxpayers must report all crypto activity in their annual income tax return (IRPF) and, depending on the wallet location and value, may also need to declare foreign-held assets under Form 720. Spain requires all residents to report their crypto profits in their annual tax returns and declare any foreign crypto holdings.

Which Exchanges Support EUR Deposits?

Can I Withdraw Euros from Crypto Exchanges to My Spanish Bank Account Without Issues?

Yes, most major exchanges support euro withdrawals via SEPA transfers. This method is widely used in Spain and the EU, offering a low-cost and efficient way to move fiat from your exchange account to your bank.

As long as your exchange and bank support SEPA and your account is verified, withdrawals are usually smooth and processed within 1-2 business days.

What Security Features Should I Look for When Choosing an Exchange in Spain?

Security should be your top priority when selecting an exchange. Look for the following key features:

• Regulation: Choose exchanges licensed under MiCA or registered with the Bank of Spain.
• Reputation: Research past security breaches, and the exchange’s transparency practices.
• Asset Custody: Prefer platforms that use cold storage, offer insurance coverage, and hold third-party security certifications (such as ISO or SOC).
• Proof of Reserves: Look for exchanges that publish regular, real-time audits to verify solvency.
• Security Tools: The platform should support 2FA, biometric login, withdrawal whitelisting, and real-time activity alerts.

What are the Typical Trading Fees on Major Platforms Used in Spain?

Trading fees will depend on the exchange you choose and your VIP level or trading volume with the platform. However, here is a general overview of the standard fees you can expect to pay for each type of trade.

Can I Access Derivatives Like Futures and Options from Spain?

Yes, derivatives trading is available in Spain through exchanges licensed under MiCA or other approved EU regulations. However, access may come with certain restrictions on trading pairs and leverage limits, depending on the platform and your user profile.

While MiCA mainly covers spot trading and stablecoins, derivatives fall under separate financial regulations, and exchanges must meet additional compliance standards to offer these products within the EU.

Is P2P Crypto Trading Allowed and Safe in Spain?

Yes, P2P (peer-to-peer) crypto trading is legal and widely used in Spain, especially on major platforms like Bybit and OKX. It allows users to access local payment methods (such as Bizum) that may not be available through standard exchange options.

For safety, it’s important to use exchanges that offer escrow services and to trade only with verified merchants.

What are Common Scams, Fake Platforms, or Frauds to Watch Out For in the Spanish Market?

There are several common scams currently popular in the industry. We recommend watching out for these red flags and avoiding platforms that display any of the following:

• Unlicensed exchanges operating without Bank of Spain or MiCA approval
• Promising unrealistic returns through yield or earnings products
• Scams and rug pulls involving speculative low-cap tokens and memecoins
• Phishing scams via emails, WhatsApp, or Telegram groups

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