Hello dear readers, in this article we will consider the importance of Bitcoin as a digital asset in Spain and of course where to buy bitcoin in Spain safely and without waste of time.
A bit of background.
Most recently, in 2015, the Spanish authorities issued a set of new laws under which Bitcoin was officially recognized as a payment systеm. The initiative for this decision originated from the Spanish crypto startup Coinffeine.
Of course, for many, it’s still not clear why it is needed. However, many people, including Spanish citizens, realized that Bitcoin is a great asset for making money, if we consider it as a speculative tool. This is the most popular Bitcoin acquisition target to date.
And now we come to the main question, but where to buy bitcoin in Spain? And what basically exist ways to buy this asset?
1) ATMs
Yes, since the asset is legalized in Spain, in Spain you can completely legitimately exchange Bitcoin in euros and euros in Bincoin in ordinary ATMs.
This financial service became available after the Spanish crypto project HolyTransaction entered into an agreement with the global electronic financial platform HalCash.
Yes, of course, this is not at all an option for those who make money on a crypto asset, because there is a rather unprofitable Bitcoin exchange rate and a significant commission, both in the direction of Bitcoin in euros and in the direction of euros to Bitcoin.
2) Online exchangers
To the question of where to buy bitcoin in Spain at a favorable rate, in my opinion only one answer is online exchangers. Their main advantage is that the entire exchange process takes place at a favorable Bitcoin exchange rate and without additional fees. True, there is one small drawback, in the form of an identity confirmation in the direction of Bitcoin in euros, such requirements are imposed due to the fact that the authorities monitor financial crimes, but there are no such restrictions in the direction of Bitcoin in euros.
