Where to buy and sell Bitcoin in Spain (2022)

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Key facts:

  • Spain has exchange houses from all over the world, ATMs, and cryptocurrency cards.
  • A study revealed that 16% of Spaniards already have bitcoin, as a payment or investment method.

Buying and selling bitcoin (BTC) in Spain is as easy as using any traditional value exchange platform. The advantage of using cryptocurrencies is that this market is open to development and is, so to speak, for all audiences.

In the Iberian country, you will find exchange houses to trade, P2P exchanges for direct exchanges between people, bitcoin ATMs, and groups on social networks to negotiate with other merchants.

According to the IE University of Spain, 7.5 million Spaniards already owned bitcoin in 2020 or some other cryptocurrency. This represented 16% of the population at the time, of which 60% stated that they used them only as an investment method and 12.8% to make purchases. The remaining 27.2% used them for both purposes. These data coincide with those of a study carried out by bitFlyer Europe, who developed an index that suggests that 68% of Spaniards trust that bitcoin will continue to exist in 10 years.

Below you can review all the options to buy and sell bitcoin in Spain that including exchanges, ATMs, and P2P platforms to trade with other bitcoiners.

Where to buy and sell Bitcoin in Spain

P2P exchange to buy and sell bitcoin in Spain

P2P exchanges are designed to provide people with a digital environment where they can trade cryptocurrencies directly with other people.

In Spain, you will find P2P exchanges that offer numerous methods to buy and sell bitcoin. Merchants can post ads so that others can compare which one is better for their needs. This includes the possibility of accepting exchanges for transfers with euros, SEPA, Amazon gift cards, PayPal, Western Union, and others.

Among the P2P exchanges that operate in Spain, you will find that there are several alternatives to protect your cryptocurrencies. In almost all cases you have escrowed wallets, which means that the exchange generates the private keys and you do not have the option to know them.

In some cases, you will be able to create a wallet from scratch, and link other external wallets like Trezor or Ledger. Several of these platforms offer the possibility to create escrow or smart contracts.

If you want to know a little more about the security and privacy of these platforms, in this CriptoNoticias article you can analyze these 5 P2P cryptocurrency exchanges.

LocalBitcoins

LocalBitcoins was founded in 2012. The platform registers more than USD 18 million every week in more than 200 countries where it operates. Nearly 4,500 new users join the buying and selling of bitcoin every day on a platform that puts you in contact with other merchants and that secures operations with an escrow or smart contract.

Here you can search the lists for an ad from another merchant or create your own, as we explain in this CriptoNoticias tutorial. On this platform, you can execute trades with bitcoin in exchange for nacreous transfers with euros, Amazon gift cards, PayPal, SEPA, and more.

  • Cryptocurrencies and fiat currencies: BTC / EUR.
  • Commissions: 1% of the amount traded in each purchase or sale announcement.
  • Trading volumes: Between 20 BTC and 50 BTC per week (in Europe ) / around EUR 800 million and EUR 1.3 million.

Localcryptos

LocalCryptos was founded in 2017 as LocalEthereum and in 2019 it changed its name to LocalCryptos. Here you can create your own self-custodial wallet from scratch or link your Ledger, Metamask, or Trust wallet to log in without entering a username or password. And you can also import your reputation from LocalBitcoins and Paxful to generate more trust in your counterpart when buying or selling bitcoin in Spain.

In this tutorial that CriptoNoticias made, you will be able to learn how to buy and sell bitcoin in LocalCryptos in an easy way.

  • Cryptocurrencies and fiat currencies: BTC, ETH, LTC, DASH, and BCH / EUR.
  • Commissions: 0.25% to the publisher (maker) and 0.75% to the person who responds to the offer (taker).
  • Trading volumes: 100 BTC and 6,000 ETH stored in LocalCryptos wallets.
  • Mobile app: Does not have.

Paxful

Paxful was founded in 2015 in Estonia. The platform has more than 3 million registered wallets. In Spain, you can buy and sell bitcoin in exchange for PayPal, Amazon and Neosurf gift cards, Western Union, Mercado Pago, and more, as it is a P2P market that puts sellers and buyers in contact. Learn how to trade on Paxful with this CryptoNews tutorial.

  • Cryptocurrencies and fiat currencies: BTC / EUR
  • Commissions: 0.5% for purchases or sales through bank transfer. 1% for other payment methods.
  • Trading volumes: 110 BTC per week / more than EUR 1.1 billion.
  • Mobile app: Download it on Android or iOS devices.

Centralized exchanges for buying and selling BTC in Spain

Cryptocurrency centralized exchanges (CEX) are specialized platforms for buying and selling bitcoin in exchange for transfers or deposits with euros and payments with debit or credit cards. These exchanges often have tools designed for automated trading and scheduling through digital desks that offer features to automate bitcoin purchases and sales.

Some centralized exchanges allow staking, lending with cryptocurrencies, margin trading or leverage, and even trading bitcoin futures. So if you are an advanced trader (or you are looking to learn), in several of these markets you will find alternatives to trade like in traditional stock markets. Take into account that in all cases these platforms offer escrowed wallets (which have the private keys saved) but they tend to have more liquidity in their markets.

Bitpanda

Bitpanda is an exchange that was founded in 2014 and already has more than 3 million users. The Bitpanda platform allows you to buy and sell cryptocurrencies, trade, and invest in stocks, ETFs, and precious metals. Bitpanda is easy to use, despite the huge number of assets you can buy or trade.

In addition, it allows bank transfers, purchases with Mastercard and Visa cards, and even payments with Neteller, Skrill, Giropay, Zimpler, and more. Withdrawals can be made through a bank account or with bitcoin (BTC), ether (ETH), and tether (USDT). Here you also have a Visa card that you can fund with any of the assets you have in your portfolio.

  • Cryptocurrencies and fiat currencies: BTC, ETH, USDT, XRP +100 / EUR, USD
  • Fees: 1.49% for BTC / between 0.1% and 0.15% on Bitpanda Pro. Fees are included in the prices of each cryptocurrency.
  • Trading volumes: 436 BTC / USD 16.5 million ( Bitpanda Pro )
  • Mobile app: download it on Android or iOS devices.

Bit2Me

Bit2Me was founded in 2015 and is an exchange house that supports numerous options as methods to buy and sell bitcoin in Spain. It has more than 700,000 users who can operate in 100 countries. The platform is connected to the banking system, so you can exchange bitcoin with withdrawals in euros through traditional ATMs.

With Bit2Me it is possible to stake, accept cryptocurrencies as a form of payment in your business and even obtain a MasterCard debit card that is funded with cryptocurrencies. This company has already announced that they will launch Mastercard cards that you can top up with cryptocurrencies to pay with euros at any establishment.

  • Cryptocurrencies and fiat currencies : 93 cryptocurrencies, including BTC, ETH, BCH, LTC, DASH, ADA, DAI, DOT, USDT, USDC + 80 / EUR.
  • Commissions: 2.5% on purchases with cards, sales, Tikebit, Euro Wallet, and bank transfers.
  • Trading volumes: 1,549 BTC / EUR 59.8 million ( CoinMarketCap )
  • Mobile app: Download it on Android and iOS devices.

Bitnovo

Bitnovo was founded in 2014 in Spain. It is more of a payment gateway that has interesting products: coupons that can be exchanged for cryptocurrencies, reloadable debit cards, and ATMs to buy and sell bitcoin in Spain. With Bitnovo you can buy cryptocurrencies by card, bank transfer, or exchange coupons from affiliated establishments. You can also send and receive cryptocurrencies through their wallet.

  • Cryptocurrencies and fiat currencies: BTC, ETH, BCH, LTC, DASH, ETC, XMR, DAI +19 / EUR.
  • Commissions: bank transfer 0%, cards 2% (+ bank commission), coupons 5%.
  • Trade volumes: No data.
  • Mobile app: Download it on Android or iOS devices.

Bitfinex

Bitfinex started operating in 2014. It is a cryptocurrency trading platform, as its 6 million users have 268 trading pairs. You can do margin trading, derivative trading, and order scheduling with advanced tools. It is also possible to stake and lend with cryptocurrencies.

  • Cryptocurrencies and fiat currencies : BTC, ETH, LTC, XRP +130 / EUR.
  • Commissions: They depend on the currency, the type of operation, and the limits.
  • Trading volumes: 32,010 BTC / over $1.23 billion.
  • Mobile app: Download it on Android or iOS devices.

Binance

Binance was founded in 2017 and quickly rose to the top of the centralized exchanges, with a number of 36 million traders today. This platform lets you choose trading tools according to your level of experience. You will be able to do staking, loans, margin trading, OTC, derivatives, and P2P operations.

Learn how to trade cryptocurrencies on Binance with this CryptoNews tutorial.

  • Cryptocurrencies and fiat currencies: BTC, ETH, LTC, BCH, XRP, +185 / EUR
  • Commissions: For trading, there are 9 levels. Free deposits and other operations vary.
  • Trading volumes: 2,247,011 BTC / over $97.2 billion.
  • Mobile app: Download it on Android, on iOS devices, or use the APK for Android.

Coinbase

Coinbase was founded in 2012 and its 73 million users can trade in more than 100 countries. They offer OTC trading, capital investment, and trading services. At Coinbase you can stake and use cryptocurrency loans as collateral.

  • Crypto and fiat currencies : BTC, ETH, XRP, USDT, + 15 /EUR.
  • Commissions: 1.49% on purchases and sales / 3.99% on credit cards/others depending on the type of operation.
  • Trading volumes: Coinbase Pro 113,747 BTC / over $4.9 billion.
  • Mobile app: Download it on Android or iOS devices.

Bitstamp

Bitstamp was founded in 2011 and has different locations in America and Europe. It is a cryptocurrency exchange that offers an advanced trading platform to 4 million traders. It has even operating numbers and accepts purchases with credit and debit cards. At Bitstamp you can stake for profit on your liabilities, for now with just a few coins.

  • Cryptocurrencies and fiat currencies : BTC, XRP, XLM, ETH, LTC, BCH + 48 / EUR.
  • Commissions: Between 0% and 0.5% for trading / 5% cards / deposits and withdrawals varies.
  • Trading volumes: 9,803 BTC / more than EUR 372 million.
  • Mobile app: Download it on Android or iOS devices.

Kraken

Kraken was founded in 2011 and is one of the largest exchanges in the world. It offers OTC services, margin trading, futures, and cryptocurrency staking. Its user base is 6 million traders who have more than 200 trading pairs at their disposal.

  • Cryptocurrencies and fiat currencies: BTC, DASH, DAI, EOS, LSK, +45 / EUR.
  • Commissions: Between 0% and 0.26% (decreases as the volume traded increases).
  • Trading volumes: 38,940 BTC / more than EUR 1.4 million.
  • Mobile app: Download it on Android or iOS devices.

ATMs to buy and sell bitcoin in Spain

Buying and selling bitcoin in Spain through an ATM is easy. Coin ATM Radar reports that there are at least 207 cryptocurrency ATMs in the main cities of the Iberian country. In addition to ATMs that accept euros in cash, there are Tellers, with which you can buy and sell bitcoin in Spain just by using a QR code. In Barcelona, ​​Madrid, Malaga, and Palma de Mallorca there are 50 cryptocurrency ATMs distributed. Companies such as Bitnovo, General Bytes, BTC Fácil, and Bitcoin Teller manufacture and operate devices of this type in the region.

shitcoins.club

Shitcoins.club operates and manufacturing ATMs since 2017, with which you can buy and sell bitcoin in Spain and other countries. They have 38 teams in the Iberian country and you can check their cash available on the company page (go to Locations ). At least 3 ATMs work 24/7 in Barcelona. Check the map to find out where to find other Shitcoins.club ATMs in Madrid, Malaga, or Seville.

  • Cryptocurrencies and currencies: BTC, ETH, LTC, DASH / EUR
  • Commissions: Buy BTC between + 2.5 % and 10 % / sale between +0.1% or + 6% ( may vary) Limits: EUR 2,500.
  • How many are bidirectional: 36
  • Locations: Som Multispai, CC El center de la vila, Sant Boi Shopping Center, Madrid Sur Shopping Center, El Ingenio Shopping Center, Málaga factory, and others.

BitBase

BitBase was founded in 2018 in Barcelona and they have 86 ATM and Teller machines in Spain. Its ATMs work almost all day in many shopping centers. You can buy or sell on their website and you have inquiries through their networks, which they respond to quickly. Check the distribution map of ATMs to buy and sell bitcoin in Spain.

  • Cryptocurrencies and currencies : BTC, ETH, LTC, DASH, BCH, ZEC, XMR, DOGE / EUR.
  • Commissions: 10%
  • Limits: EUR 995 through ATM / EUR 2,500 through Teller.
  • How many are bidirectional: 40
  • Locations: BitBase Store, BitBase Madrid, Barcelona Bussines Solutions, High Branch Barcelona, ​​La Sagrera Business Center, Elemental Copisteria, BitBase Foneria, BitBase Barcelona Central, BitBase Copisteria.

Buy and sell bitcoin on social networks in Spain

If you want to buy or sell bitcoin in Spain and only trade directly with people like you, you can check social networks like Telegram, WhatsApp, Reddit, or Facebook. Some groups have their own regulations to facilitate communication and prevent scams. Do not forget to check the reputation of your counterpart before buying or selling bitcoin in Spain. Remember: don’t trust, verify.

On Facebook, there is a private group to buy and sell bitcoin in Madrid that has 7.6 thousand registered users. There is another group called Bitcoin Barcelona Spain, it has almost 4 thousand users and it is private. On Telegram, it is more difficult to find groups to buy and sell bitcoin in Spain, but you have good groups to obtain valuable information, such as Bitcoin Español, which has more than 4.5 thousand members. The Bitcoin Spain Telegram group has more than 11.4 thousand users.

There are numerous groups that are just starting out, we will keep track of them from CriptoNoticias to see where they are going. If you know of any private group on social networks that allows anyone to buy or sell bitcoin in Spain, write to our emails.