Cryptocurrency in Spain
Cryptocurrency is taking off in Spain, where lots of people are buying, selling, and using it daily. Spain is all about new ideas and tech, so crypto feels right at home. It began with tech lovers, but now everyday folks and even big banks are getting involved.
With a history of loving things like online banking and fast apps, Spain’s making crypto a big hit. In 2025, the market will be growing fast, adding nearly $987 million in value, and the government is setting up clear rules and taxes to keep it safe and strong for the future.
Basic Crypto Scene in Spain
Cryptocurrency is getting popular in Spain, with over 4 million people, about 9% of the population, owning some in 2025, which is twice as many as in 2022. It’s not just for tech fans anymore; regular people are starting to use it too. Spaniards are using crypto in different ways, like investing to make money, sending cash to other countries quickly, or even buying small things like coffee or bigger stuff like houses in some places. A lot has happened to make crypto a hot topic lately. Big banks like BBVA began offering Bitcoin trading in March 2025, and new EU rules called MiCA are helping people trust it more.
Overall Crypto Market
Spain’s crypto scene is lively and valued at about $987 million in 2025, getting bigger each month. Experts guess there might be 15 million users by the end of the year. People here really like Bitcoin, XRP, Ethereum, Pi, and Solana, but stablecoins like USDC are also a hit since they keep their value steady for everyday spending.
Homegrown exchanges like Bit2Me are important, along with worldwide ones like Binance, and now banks like BBVA are joining the fun. Social media stars are also pitching in, giving tips on what to trade.
Crypto Regulation in Spain
Spain’s government is pretty friendly toward crypto, but likes to keep things safe and organized. They’re following the EU’s MiCA rules, which started in late 2024 and will be fully active in Spain by December 2025, with groups like the CNMV and Bank of Spain watching over it all. Just this year, 2025, a new rule says every trader has to report any crypto they hold outside Spain if it’s worth more than €50,000, using a form called Model 721. Banks also got the okay in 2025 to offer crypto services, which is a big step. Looking ahead, there might be more rules in 2026 to stop tax cheating and make trading even easier to understand.
Crypto Exchanges & Platforms in Spain
When it comes to trading crypto, Spain has some great options. Bit2Me, a homegrown exchange, is super popular, and so is Binance from overseas. Even BBVA, a big bank, started letting people trade Bitcoin and Ethereum in 2025 right from its app, mixing regular banking with crypto. Bit2Me is popular among newbies because it’s simple and works with euros, while BBVA makes it handy for bank customers.
These platforms are easy to use, pretty secure, and don’t charge high fees, usually between 0.1% and 1.5%, and they can be paid with a bank card or transfer. Thanks to MiCA rules, exchanges have to get licensed, which makes them safer but means traders need to show their ID to sign up.
Cryptocurrency Wallets in Spain
Spain secures their cryptocurrency with two wallet options that are registered under government guidelines. Hot wallets, like apps such as Bit2Me Wallet, are quick and convenient for everyday use, while cold wallets, like Ledger devices, keep the money safe offline.
A lot of people just use the wallets built into exchanges, but those who invest big often go for global options like MetaMask or hardware wallets. Security’s a bit of a worry because scams and hacks happen, so everyone’s extra careful about passwords and private keys. Popular wallet choices here include Bit2Me Wallet for locals, MetaMask for flexibility, and Ledger for top-notch safety.
Crypto Taxation in Spain
Taxes on crypto in Spain are straightforward, but important to know. If traders make money from selling crypto, they need to pay 19% to 28% on their profits, depending on how much they earn. For instance, small gains from crypto trading under €6,000 get the lower rate.
If a trader mines crypto or stakes it, that’s taxed like income, up to 47%. They need to report all trades to the tax office by June 30 each year, and if they keep more than €50,000 in crypto abroad, they file a special form, Model 721, by March 31.
There’s also a wealth tax of 0.2% to 3.75% if the total assets, including crypto, are over €700,000. Figuring out taxes can be tough because prices change a lot, but apps are popping up to help with the math.
Crypto Community & Education in Spain
Crypto is on a lot of people’s minds in Spain. Over 30% of folks know about it, especially younger ones in their 20s and 30s who are the biggest fans. There are events like the Blockchain Expo in Barcelona, where people learn and meet others in crypto, plus smaller gatherings in Madrid and other cities.
For learning, YouTube videos, Bit2Me’s blog, and even some university classes teach the basics in Spanish. Big names like Francisco Maroto from BBVA and Leif Ferreira from Bit2Me are leading the charge, sharing ideas and making crypto easier for everyone to understand.
Conclusion
Spain’s crypto world is taking off in 2025 with banks like BBVA jumping in, clear rules from MiCA, and millions of people trading. It’s an exciting time. Whether it's pro traders buying Bitcoin or enthusiastic people learning the ropes, Spain is making it easy and safe to trade cryptocurrencies. Spain's future looks promising with more tech and support making cryptocurrency a prominent market.
Frequently Asked Questions (FAQs)
1. How does Spain buy cryptocurrency?
People in Spain grab cryptocurrency through apps like Bit2Me or BBVA’s banking tool. They use euros and can send money straight from their bank or swipe a card to get started.
2. Is cryptocurrency legal in Spain?
Yes, it’s allowed in Spain. The people in charge have made rules to keep it safe for everyone using it.
3. What does MiCA mean for Spaniards?
MiCA is a new plan from the European Union that kicked off in 2025. It helps Spaniards by making crypto rules straightforward and cutting down on scams or confusion.
4. Do Spaniards pay taxes on crypto?
Yes, they do pay taxes on crypto in Spain. If they earn cash by selling it, they owe some of that money to the government, and they also have to report if they’re holding more than €50,000 worth outside the country.
5. Which wallet do people in Spain prefer?
Lots of Spaniards go for Bit2Me Wallet since it’s quick and easy to use. Others pick Ledger because it’s a gadget that keeps their crypto locked up tight and safe.
6. Can Spaniards use crypto to buy things?
Sure, some places in Spain let people spend crypto. In big spots like Madrid and Barcelona, certain shops and hotels take it as payment, which is great for crypto fans.
7. Why is Bitcoin popular in Spain?
Bitcoin is not popular in Spain, but it is also a global favourite as it is known for its trustworthiness and high value. Loads of people there love it for buying, selling, or just holding onto it.
8. What happens if someone loses their crypto key?
If a person loses their crypto key, their digital money is also left as it keeps all trading purchases in one place. That’s why they need to stash it somewhere super safe, like a hidden note or a locked app.
9. Are Spanish banks involved with crypto?
Yes, Spanish banks like BBVA have been offering trading for coins like Bitcoin and Ethereum in 2025, so customers can dive in easily.
10. What are stablecoins, and what are their uses?
Stablecoins are similar to crypto coins whose main purpose is to stabilize euros or dollars, without dropping the value. The Spanish population uses them to pay for stuff like buying coffee, even houses, or save up without stressing over price drops.