Cryptocurrency trading has surged in popularity across Spain, with increasing numbers of investors seeking reliable platforms to buy, sell, and speculate on digital assets. Whether you're a beginner or an experienced trader, choosing the right crypto broker or exchange is crucial for a secure, efficient, and profitable trading experience. This comprehensive guide explores the top crypto brokers and exchanges available to Spanish residents, covering regulation, fees, security, available assets, and tax implications.
Top Crypto Brokers in Spain: In-Depth Reviews
FP Markets – Trusted Platform with Advanced Tools
FP Markets is a well-regulated broker offering Spanish traders access to 12 major cryptocurrency CFDs, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Authorized by CySEC and ASIC, FP Markets provides a secure environment with negative balance protection and fast execution speeds.
Traders benefit from average spreads of 19.21 on BTCUSD and 4.32 on ETHUSD. The platform supports MT4, MT5, cTrader, TradingView, and IRESS, making it ideal for both manual and algorithmic traders. Beginners can start risk-free with a demo account.
Key Pros
- Regulated by top-tier authorities (CySEC, ASIC)
- Negative balance protection
- Advanced trading platforms including MT4/MT5
- Free educational resources and economic calendar
Key Cons
- €100 minimum deposit for bank transfers
- Limited crypto selection compared to exchanges
- Some withdrawal methods incur fees
👉 Discover a powerful trading experience with low-latency execution and global market access.
Fusion Markets – Zero Commissions & Global Reach
Fusion Markets stands out for its $0 commission model and tight spreads across 13 crypto CFDs. With regulatory oversight from ASIC and VFSC, this broker delivers strong reliability for Spanish traders. Minimum spreads start at 14.08 for BTCUSD and 2.37 for ETHUSD.
The platform supports MetaTrader 4/5, cTrader, and TradingView, along with Fusion+ Copy Trading — ideal for those looking to mirror expert strategies. A wide range of deposit options includes PayPal, Skrill, Neteller, and even cryptocurrency payments.
Key Pros
- No minimum deposit requirement
- Cost-effective trading with tight spreads
- Over 20 fee-free deposit methods
- Excellent customer support and demo accounts
Key Cons
- Limited educational content
- No cent accounts for micro trading
- Crypto offerings could be expanded
AvaTrade – Multi-Jurisdictional Regulation & User-Friendly Tools
Established in 2006, AvaTrade is licensed across nine jurisdictions, including ASIC, CySEC, and JFSA, ensuring robust investor protection. The broker offers 16 crypto CFDs with leverage up to 1:20 for professional traders.
AvaTradeGO and AvaSocial enable social trading, while ZuluTrade integration allows automated strategy replication. Educational materials include video tutorials, market analysis, and trading webinars — perfect for newcomers.
Key Pros
- Regulation across nine global authorities
- AvaProtect risk management tool
- Intuitive mobile app and web platform
- Award-winning customer service
Key Cons
- Inactivity fee after three months
- Demo accounts expire after 30 days
- €100 minimum deposit
BlackBull Markets – High Leverage & Diverse Crypto Access
Since 2014, BlackBull Markets has offered traders access to over 20 digital coins, including emerging altcoins like Illuvium. With leverage up to 1:100 on major cryptos and raw ECN pricing on Prime accounts, it appeals to active traders.
Available platforms include MT4, MT5, cTrader, and TradingView. Spanish language support enhances accessibility for local users.
Key Pros
- Up to 1:100 leverage on BTC/ETH
- $0 minimum deposit on Standard accounts
- Fee-free SEPA and card deposits
- CopyTrader functionality
Key Cons
- Not regulated by CNMV or Banco de España
- $10 inactivity fee after one year
- $5 withdrawal fee applies
Global Prime – 40+ Crypto CFDs & 24/7 Support
Global Prime offers competitive conditions with over 40 crypto CFDs and execution speeds as low as 10ms. Regulated by ASIC and VFSC, it supports MT4, MT5, cTrader, and TradingView.
With no minimum deposit and zero fees on 20+ payment methods — including PayPal and Skrill — it’s highly accessible.
Key Pros
- No account minimums
- Fee-free deposits and withdrawals
- 24/7 multilingual customer support
- Tight spreads starting from 0.15 pips
Key Cons
- Limited educational tools
- English-only website interface
- Smaller product range than competitors
Eightcap – 100+ Coins & TradingView Integration
Founded in 2009, Eightcap offers more than 100 crypto derivatives alongside forex and commodities. Its integration with TradingView enables advanced charting and direct trade execution.
Weekly market insights via Eightcap Trade Zone help traders stay informed.
Key Pros
- Over 100 tradable crypto CFDs
- AI-powered economic calendar
- Free webinars and market events
- Competitive spreads
Key Cons
- Customer support not available on weekends
- Educational resources need improvement
👉 Access next-generation trading tools with deep liquidity and real-time analytics.
eToro – Social Trading & Wallet Integration
eToro has over 35 million users globally and offers more than 100 cryptocurrencies. Unique features include CopyTrader™, which lets users automatically replicate top traders’ moves.
Traders can either buy real crypto (stored in eToro Money Wallet) or trade CFDs. A flat 1% fee applies to all trades.
Key Pros
- Regulated by FCA, CySEC, ASIC
- CopyTrader and social investing tools
- Crypto wallet with self-custody option
- Extensive learning center
Key Cons
- 5% withdrawal fee
- Email responses within 48 hours
Axi – Transparent Pricing & Fast Execution
Axi offers competitive spreads (18 pips on BTCUSD) and is regulated by FCA, ASIC, and CySEC. It supports MT4 and its proprietary Axi Trading Platform.
With no commissions on standard accounts, Axi is cost-effective for frequent traders.
Key Pros
- Competitive spreads on major cryptos
- User-friendly interface
- Advanced charting tools
Key Cons
- Limited weekend support
- Fewer deposit options in certain regions
FxPro – Longstanding Reputation & Advanced Platforms
With over 20 years in the industry and presence in 170+ countries, FxPro offers tight spreads (75.88 on BTCUSD) and lightning-fast execution under 12ms.
Supports MT4, MT5, cTrader, and its own FxPro WebTrader.
Key Pros
- Four advanced trading platforms
- Over 7.8 million client accounts
- Award-winning research tools
Key Cons
- $100 minimum deposit
- Inactivity fee applies
XTB – Proprietary xStation 5 Platform
XTB serves over 1 million clients worldwide and supports 49 crypto CFDs with spreads starting from 0.22% on BTCUSD.
Its award-winning xStation 5 platform offers real-time commentary and advanced analytics — though MT4/MT5 are not supported.
Key Pros
- Competitive spreads from 0.22%
- Excellent xStation 5 platform
- Segregated funds and strong security
Key Cons
- No MT4/MT5 support
- Fees on small withdrawals
Top Crypto Exchanges in Spain
Coinbase – Beginner-Friendly & Regulated
Launched in 2012, Coinbase is known for its intuitive interface and strong compliance framework. It supports over 240 coins and offers staking options for ETH, SOL, and ADA.
Regulated in multiple jurisdictions including the UK’s FCA and Germany’s BaFin.
| Feature | Detail |
|---|---|
| Minimum Deposit | $10 |
| Fees | Taker: 0.05%–0.60%, Maker: 0%–0.40% |
| Deposit Methods | Visa, Mastercard, PayPal, SEPA |
| Staking APR | Up to 5.10% (SOL) |
Key Pros
- High security standards
- Easy mobile app experience
- Strong regulatory compliance
Key Cons
- Occasional slow customer service
- Less transparent fee structure
Bybit – High Leverage & Massive Coin Selection
Bybit lists over 1,907 cryptocurrencies and offers up to 1:200 leverage on futures contracts. It’s popular among advanced traders due to its unified account system.
| Feature | Detail |
|---|---|
| Minimum Deposit | $100 |
| Leverage | Up to 1:200 |
| Staking APR | Up to 3.68% (ETH) |
Key Pros
- Huge variety of listed assets
- VIP program with reduced fees
- Cold wallet storage for user funds
Key Cons
- On-chain withdrawal fees apply
- Interface may overwhelm beginners
Binance – Largest Exchange by Volume
Binance leads globally in trading volume with over 600 cryptocurrencies available. It supports spot, margin, and futures trading.
| Feature | Detail |
|---|---|
| Minimum Deposit | $10 |
| Leverage | Up to 1:20 |
| Education | Binance Academy available |
Key Pros
- Massive asset selection
- Multiple fiat on-ramps
- Comprehensive learning resources
Key Cons
- Derivatives restricted in some areas
- Customer support delays during peak times
Legal Status of Crypto Trading in Spain
Cryptocurrencies are not banned in Spain but are not recognized as legal tender — only the euro holds that status under Law 46/1998. However, the government takes a progressive stance toward digital assets.
The Comisión Nacional del Mercado de Valores (CNMV) regulates crypto brokers offering CFDs. Since March 2023 (Law 6/2023), CNMV has full authority over crypto service providers.
Spain aligns with the EU’s MiCA regulation, requiring all crypto asset service providers (CASP) to obtain a MiCA license by December 2025.
Taxation of Crypto Profits in Spain
According to the Spanish Tax Agency (AEAT), crypto profits are taxable under capital gains rules:
| Profit Bracket | Tax Rate |
|---|---|
| < €6,000 | 19% |
| €6,000 – €50,000 | 21% |
| > €50,000 | 23% |
Failure to report holdings may result in fines up to €10,000 under the 2019 Anti-Tax Fraud Law.
Frequently Asked Questions (FAQ)
Are cryptocurrency brokers legal in Spain?
Yes. Brokers regulated by CNMV or other EU authorities can legally offer CFD trading to Spanish residents. They must comply with leverage limits (max 1:2 for retail clients) and advertising restrictions.
How do I verify if a broker is regulated?
Check the CNMV public register or visit the broker’s website to confirm licensing details from recognized regulators like FCA, CySEC, or ASIC.
What is the difference between a broker and an exchange?
Brokers offer CFDs — you speculate without owning coins. Exchanges allow actual ownership through spot trading. Brokers are more regulated; exchanges offer more coins and lower fees.
Can I stake crypto through a broker?
No. Staking requires ownership of actual coins. Brokers offering CFDs do not provide staking rewards since you don’t hold underlying assets.
Do I need to pay tax when I trade crypto?
Yes. All capital gains from crypto trading are subject to taxation at rates between 19%–23%, depending on your total profit.
Is leverage allowed in Spain?
Yes, but limited to 1:2 for retail investors on crypto CFDs under CNMV rules. Professional traders may qualify for higher leverage.
👉 Start your journey with a secure platform offering global compliance and cutting-edge trading tools.