Best platforms to trade crypto in Spain
Best Crypto Exchange in Spain - Bybit
Best Crypto Exchanges in Spain:
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Bybit – Most affordable cryptocurrency exchange;
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Binance – Best crypto exchange for spot trading;
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KuCoin – Best exchange for emerging altcoins;
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BitGet – Ideal for derivatives traders;
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Huobi Global – Great selection of Crypto CFDs.
While there are several crypto trading providers in Spain ready to offer traders crypto services when they are ready, traders must only select reputable crypto trading platforms.
With many of these platforms available in Spain, traders have a lot on their desks when selecting the best crypto exchange to trade crypto in Spain. To save traders the stress, TU experts, after extensive research, have been able to come up with the best crypto trading platforms. So if you are a trader residing in Spain, this article will help you find the best place to buy crypto in Spain.
Top 7 crypto exchanges in Spain Compared (2024)
While cryptocurrency is known to offer protection against inflation, the speed of transactions and cost-effectiveness make it a great payment alternative. It is also a convenient way to make local and international transactions in Spain.
But you will need a top crypto exchange to enjoy all these features when transacting or trading crypto. Below is an extensive review of the best crypto exchange in Spain:
| Supported assets | Spot fee | Futures fee | Bonuses and promo | Investment options | |
|---|---|---|---|---|---|
300+ |
0.1% |
Maker 0.01% |
Up to $50 bonus after registration |
Copy trading |
|
600+ |
0.1% |
Maker 0.04% |
$50 affiliate invitee bonus |
Copy trading |
|
700+ |
0.1% |
Maker 0.1% |
$510 in welcome bonuses, 40% off discounts, and commissions through a referral program |
Copy trading |
|
100+ |
Spot Fees: |
Maker Fee 0.01% |
$10 bonus for referrals, deposit to receive trading bonuses up to 200 USDT |
Copy trading |
|
606+ |
0.20% |
Maker 0.02% |
a 20% trading fee reduction and a referral bonus of up to $300 |
Copy trading |
|
226+ |
0% to 0.26% per trade |
Maker 0.16% |
$10 BTC referral bonus |
Copy trading |
|
100+ |
- |
Maker Fee 0.05% |
7% deposit bonus up to $7,000 |
Copy trading |
Bybit
Bybit is a well-known cryptocurrency derivative exchange, headquartered in Singapore. Bybit's forte is in cryptocurrency derivatives trading, offering up to 100x leverage, and it does not mandate KYC verification for its users. For spot investors it offers over 300 coins, staking and copy trading opportunities.
Bybit is highly regarded by experts in the cryptocurrency market as one of the top exchanges. This is largely attributed to its exceptional 24/7 customer support in Spanish and the availability of its platform in Spanish. Additionally, Bybit places a strong emphasis on security, transparency, and privacy, making it a trustworthy platform for Spanish investors. By refraining from requiring KYC, it offers investors a level of privacy and ensures transparency in its assets by providing proof of reserves, which confirms a 1:1 holding of funds.
Features
300+ supported coins
Up to 100x leverage on crypto futures
Advanced tools supported by great technology
Risk-free testnet environment
Investment options
Copy trading
Farming
Binance
Binance has been recognized as the leading cryptocurrency exchange in Spain for its strong emphasis on regulatory compliance and secure platform for trading digital assets. With a global reputation, Binance provides access to an extensive range of more than 600 crypto assets, diverse trading options, and industry-leading fees of 0.1%. The user-friendly interface caters to investors of all levels, making transactions simple and straightforward. Additionally, Binance employs robust security measures to instill confidence and ensure a safe trading experience for its users.
Binance's position as the leading cryptocurrency exchange for Spanish investors is bolstered by its adherence to regulatory requirements, comprehensive set of features, user-friendly interface, and advanced security measures. Additionally, Binance offers a wide array of deposit methods for Euro (EUR), such as bank transfers, Advcash, debit cards, credit cards, Google Pay, Apple Pay, and more, providing a convenient and hassle-free experience for its users.
Features
Cold storage of digital assets
Over 350 supported digital assets
Trading tools and derivative products
Access to DeFi services
Investment options
Lending
NFT trading
KuCoin
According to TU experts, KuCoin is an excellent choice for Spanish investors who want to trade in altcoins. This platform boasts a wide selection of over 500 cryptocurrencies, including some lesser-known coins alongside established ones. KuCoin's user-friendly interface, reasonable trading fees, and advanced trading features make it a popular choice for c altcoin traders. As a result, it has emerged as a strong competitor in the Spanish market.
KuCoin presents itself as an attractive option for Spanish investors looking to trade cryptocurrencies, offering various features such as language support in Spanish and flexible deposit methods for the Euro. The platform is dedicated to providing a reliable and trustworthy trading experience by prioritizing security, user privacy, and strict adherence to regulatory standards. All of these factors contribute to making KuCoin a dependable and credible choice for those looking to participate in Spain's growing crypto market.
Features
Over 500 supported assets
Leverage up to x100
Trading Bot
Marketplace
Investment options
Margin trading
Lending
Staking
NFT trading
BitGet
Among the best crypto exchanges in Spain, Bitget is a good option for traders seeking regulated exchanges with many smaller market currencies. Bitget satisfies all trading requirements for both novice and experienced traders. This top cryptocurrency exchange incorporates a copy trading service, meaning novice traders can mimic expert trades.
BitGet aims to provide a fair and extensive trading experience for Spanish traders. They list different cryptocurrencies (over 250 cryptocurrencies) and tokens that Spanish traders can trade on the spot market or in futures markets. Bitget offers over 250 trading pairs to users, and it is a no-deposit trading platform. They are among the biggest crypto derivatives exchanges.
👍 Pros
• Trading in spot and derivatives on BitGet is the most affordable
• Bitget Futures Trading uses perpetual future contracts, which are common contracts for difference
• Bitget incorporates a mobile app accessible to users of iOS and Android devices
• Bitget enables Quanto Swap Contract trading and offers traders leveraged trading
👎 Cons
• The only withdrawal option on BitGet is crypto, and customer support needs to be improved
Huobi Global
Following the Chinese government's ban on fiat-to-cryptocurrency trading, numerous prominent cryptocurrency exchanges were obliged to cease operations in China and relocate to other regions across the globe. Huobi was one of the few exchanges that managed to survive the Chinese crackdown on cryptocurrency trading. Huobi Global is a well-known digital asset exchange that operates globally in over 100 countries, including South Africa. Established in China in 2013, the exchange has been providing investment and trading services to users worldwide ever since.
With a significant presence in Singapore, Huobi Global is one of the most popular cryptocurrency exchange platforms that serves a diverse clientele. Although the company was founded in Beijing, it has relocated its headquarters to Singapore to make it more accessible to traders worldwide. One of its most notable features is the Huobi Trading Bot, which offers South African traders the flexibility of bot trading. Additionally, Huobi Global provides a platform and customer support in South African languages, which makes it easier for traders to use the exchange.
Supported assets
Over 400+ supported assets
Has an advanced user interface
Trading Bot
Smart-Chain analysis
Investment options
Flash trade
Kraken
Traders seeking a crypto exchange with top-notch security, low trading fees, and different crypto instruments should consider Kraken. This crypto exchange is among the best crypto exchanges in Spain that novice and professional investors can trust.
Kraken is a top choice for lower-volume traders interested in cryptocurrency trading and investing due to their fixed fees for buying and selling coins. Even though it is crucial for traders to comprehend all associated costs and risks, you should also take precautions to secure your account with two-factor authentication.
👍 Pros
• Kraken offers flat purchasing fees
• Kraken includes different educational resources, and the customer service is responsive
• Kraken also provides margin trading options and secure coin storage options
• Kraken Bitcoin (BTC) withdrawal fees are cost-effective
👎 Cons
• The platform does not have an insurance fund for assets
PrimeXBT
Another top crypto exchange that Spanish traders can rely on for margin trading and other crypto operations is PrimeXBT. PrimeXBT is a leading crypto trading company that offers crypto futures trading and traditional financial assets. Users have the chance to trade in the following markets:
Cryptocurrency
Traders can conduct crypto transactions on these exchanges using BTC, ETH, USDT, and other well-known cryptocurrencies as security. Furthermore, traders can add USD and EUR to their cryptocurrency accounts. Users can use Bitcoin, other crypto-assets, or fiat as collateral when trading on cryptocurrency markets.
👍 Pros
• PrimaXBT includes a robust trading engine that gives skilled traders access to specialized tools to protect user accounts from online threats
• PrimeXBT provides different order types, including limit orders, stop-loss orders, and leveraged trading
• In addition to collaborating with numerous international anti-money laundering agencies, PrimeXBT trading services give their cryptocurrency traders privacy
• Traders have access to over 30 top cryptocurrencies using a powerful sliding leverage scale
• With a peer-to-peer copy-trading community, PrimeXBT offers the Covesting copy-trading platform
👎 Cons
• PrimeXBT does not provide spot trading and is self-regulated
How to choose a crypto exchange in Spain?
When choosing the best crypto exchange in Spain, traders must conduct proper research on the cryptocurrency exchange. Learning about the platform's regulatory status is essential among the elements traders are expected to pay attention to about each crypto broker. Below are the various elements traders in Germany should consider if they want to trade or invest in crypto with the best crypto exchange in Spain.
Regulation and safety
While there is no heavy regulation of cryptocurrencies in Spain, ensuring the crypto platform you select is regulated is crucial. Only the best crypto exchange can ensure the safety and security of a trader's assets. Potential traders in Spain must understand that the Spanish Securities Market Commission (CNMV) regulates cryptocurrency exchanges in Spain.
These authorities ensure that the top crypto exchanges follow anti-money laundering (AML) and know-your-customer (KYC) laws. So only the best crypto exchange in Spain ensures its services comply with these regulations. And only a trustworthy exchange can ensure the safety and security of their assets.
Fees
Reviewing the various fees associated with transactions made on the platform is paramount for a new trader in Spain. Knowing the fees enables traders to select the best cryptocurrency exchange for their financial situation. There are many benefits for beginning traders trading with a low-fee crypto exchange.
Benefits for Spanish clients
There are several incentives or services that top cryptocurrency exchanges in various nations offer to traders who are locals. This also applies to best Spanish brokers.
The best cryptocurrency exchanges in Spain support the euro, offer bonuses in Spanish, or have a Spanish-language version for native traders. However, traders should verify the special services these top crypto exchanges offer every Spanish trader.
Investment options
Best crypto exchanges in Spain offer various investment options such as staking and farming. Staking involves holding and locking up a cryptocurrency in a wallet to support the network's operations, earning rewards in return. Farming, on the other hand, typically involves providing liquidity to decentralized finance (DeFi) platforms and earning additional tokens as rewards.
Customer Support Options
A trader should research the customer support options available on the cryptocurrency exchange platform. Because it will be helpful when they encounter issues, traders need their own customer support system. The inability of a cryptocurrency exchange's customer support team to respond could eventually cost users money.
German traders should steer clear of cryptocurrency exchanges with unprompted email or chat responses, especially newcomers. However, traders should consider the available customer support options.
How To Buy Crypto in Spain
After reading the reviews of the top crypto exchanges in the previous sections, traders looking for the best place to buy cryptocurrency in Spain should know which crypto exchange to trade with. Below are key steps for traders looking to buy crypto in Spain:
Step 1: Register for a trading account
To buy cryptocurrencies, traders need to find the best crypto trading platform and create an account with the broker. Registering with the crypto broker is the first step.
Step 2: Complete the KYC verification process
After creating a new account with any of the best platforms to trade crypto in Spain, finish the process of verifying your identity. This might require traders to provide some personal information to the crypto exchange. The provided information is never disclosed to any third-party services for security reasons.
Step 3: Make a fiat deposit
After the KYC verification is complete, you can move on to deposit money in fiat using the procedures offered by the cryptocurrency exchange.
Step 4: Buy Cryptocurrency
After making a fiat deposit, you can now go ahead and buy your preferred cryptocurrency.
Step 5: Send your Bitcoin to a personal wallet
After buying cryptocurrency on the exchange, withdraw it to your non-custodial wallet for security reasons. This gives traders complete control over their crypto assets and ensures their privacy.
Is it a good time to buy Bitcoin in Spain now?
But according to experts, it is best to buy cryptocurrencies when they are cheap. And currently, Bitcoin and other altcoins are bouncing back from the crash they faced between 2021 and 2022. So, even though Bitcoin's price has not yet reached its pre-crash level, now might be the best time to buy it. Below are the benefits of investing in Bitcoin.
👍 Pros
• Bitcoin can protect against currency devaluation, meaning that it comes with financial risks that can devalue people's savings. Again, cryptocurrency helps to counter inflation
• Bitcoin is among the cryptocurrencies you can be certain of because of its global reputation. Additionally, they increase in value over time, which is necessary for a trader investing in cryptocurrencies
• Bitcoin's historical price, which was its best price, was over 65,000 USD in November 2021. While it recovers, you can invest, but remember, it is highly volatile at the moment
👎 Cons
• Although the value of Bitcoin is rising, traders need to be aware that it is currently very volatile. There is no guarantee that the price will continue rising without falling
• The government is following up on the FTX crash with regulation proposals, which could work against the cryptocurrency's decentralized nature
Do crypto exchanges support the Euro?
Yes. The best crypto exchanges in Spain support the euro and fiat currency funding options. These exchanges ensure traders can fund their accounts with Euros (EUR) and other well-known fiat currencies for the lowest possible fees.
Rules and Regulation
Crypto regulation in Spain
Cryptocurrency in Spain is regulated by the Securities and Exchange Commission (CNMV), a public financial regulator. This body licenses crypto exchanges and sets requirements for obtaining a license.
Investor protection
There is no cryptocurrency law in Spain. The Law on the Securities Market and Investment Funds (Ley del Mercado de Valores y de los Instrumentos Financieros) applies to digital assets. There is no insurance for crypto traders in Spain.
Taxation
There is no special tax for cryptocurrency trading in Spain. The income tax, however, applies in this case. The tax rate is progressive. 23% tax must be paid if the annual income does not exceed EUR 30,000. The interest rate increases progressively to 52%, if the trader receives more than EUR 600,000 per year.
Summary
Cryptocurrency investing and trading are high-risk activities due to the volatility of crypto coins. The best way to manage these risks is for traders to choose the best crypto exchange in Spain. They provide services and tools that help novice and professional traders have the best cryptocurrency trading experience.
Remember that each cryptocurrency exchange has a special service offering that makes them the best place to buy crypto in Spain. So ensure to do underground research on each top crypto exchange before registering with them. However, this will ensure you sign up with the best crypto trading platform that suits your investment and trading style.
FAQs
Can Spain use Binance?
Yes. Binance is among the top exchanges traders can use for crypto transactions and trading in Spain.
Which is the best crypto exchange in Europe?
Looking at how friendly the user interface is, the flexible payment methods and deposit options, and how well they comply with EU regulations, Binance, Bybit, eToro, and Coin are perfect for cryptocurrency investing in Europe.
What is the most reputable crypto exchange?
ByBit, Binance, Kucoin, and Coinbase are among the most reputable crypto exchanges.
What is the best app to buy Bitcoin in Spain?
The most used apps to purchase Bitcoin in Spain are ByBit and Binance. Kraken is renowned for being user-friendly as well.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).