In January, Greece’s Ministry of National Economy and Finance introduced new EU rules to protect cryptocurrency users. This move comes as more people in Greece are using digital currencies, raising concerns about potential scams.
The new rules focus on stronger anti-money laundering (AML) measures and clearer tax guidelines for crypto transactions. At the same time, Greece continues to be a crypto-friendly destination, with more businesses accepting digital payments.
If you’re wondering where to spend your cryptocurrency in Greece, this article will guide you to the best spots for using your digital assets.
Why Cryptocurrency is Thriving in Greece
Source: freepik
- Easier and Faster Payments
Many people in Greece are starting to prefer digital payments over cash. This is because cryptocurrency allows fast and secure transactions without needing banks. This is helpful for businesses and individuals who want to avoid long processing times and extra fees.
- Growing Acceptance by Businesses
More restaurants, shops, and online stores in Greece are accepting cryptocurrency. For example Tavern Agelos is Athen’s first Bitcoin accepting restaurant. This makes it easy for people to use their digital money for everyday purchases, from food and travel to online subscriptions.
3. Protection from Financial Instability
Greece has faced economic challenges in the past, including strict bank controls. Cryptocurrency gives people an alternative way to store and move money without relying on traditional banks. This makes it a popular choice for those looking for financial freedom.
Best Places to Spend Crypto in Greece
With more businesses accepting cryptocurrency, there are many ways to use your digital assets in Greece. From restaurants to online shopping and travel, here are some of the best places to spend your crypto:
| S/N | Best Places to Spend Crypto in Australia | Categories |
| 1. | Angelo’s Greek Taverna | Restaurant |
| 2. | Starbucks | Food and beverages |
| 3. | Travala | Travel and Accommodation |
| 4. | Expedia | Travel and Accommodation |
1. Restaurants and Beverage Services
Angelo’s Greek Taverna
If you’re looking for an authentic Greek dining experience and want to pay with cryptocurrency, Angelo’s Greek Taverna is a fantastic option. They sell traditional Greek dishes like grilled meats, fresh salads, and rich, flavorful dips. Bitcoin and other cryptocurrencies are accepted, making for a smooth and modern payment experience.
Starbucks Coffee Shops
Another place to spend your crypto in Greece is Starbucks. They accept Bitcoin payments through the SPEDN app by Flexa. Additionally, Starbucks has partnered with Bakkt, enabling direct Bitcoin payments at the register. If you’re using the Starbucks app, you can also pay through iPayYou’s Bitcoin wallet, which automatically converts cryptocurrency into USD in real time via Bitcoin Direct to Starbucks.
2. Travel and Accommodation
Source: freepik
Travala
Planning a trip around Greece? Travala allows you to book hotels, flights, and cryptocurrency. The platform accepts Bitcoin, Ethereum, and other digital assets, making travel planning easier without relying on traditional bank payments.
Expedia
With Expedia, you can book flights and hotels across Greece using Bitcoin. This service allows you to manage your entire trip without needing a credit or debit card, making travel more convenient for crypto users.
Useful Tips for Spending Crypto in Greece
Source: freepik
Use Crypto Debit Cards
Crypto debit cards, like UPay link to your crypto wallet and work like regular debit cards. They allow you to pay for goods and services directly with your crypto, which is automatically converted into euros when you make a payment.
Choose Stablecoins for Easier Spending
Digital assets like Bitcoin and Ethereum can be unpredictable in price. To avoid this, you might want to use stablecoins like USDC or USDT. Stablecoins are tied to the value of traditional currencies, like the US dollar, which helps keep their value steady.
Try Peer-to-Peer (P2P) Platforms
With peer-to-peer (P2P) platforms, you can exchange crypto directly for goods and services. You don’t have to rely on a bank or a third-party platform, saving on extra fees and giving you more flexibility with your crypto.
Stay Informed About Crypto Regulations
Crypto laws in Greece are still changing, so it’s important to stay updated. Regularly check news sources or government announcements to make sure you’re following the latest rules and regulations regarding cryptocurrencies.
Challenges of Spending Crypto in Greece
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While more businesses in Greece are starting to accept cryptocurrency, there are still some challenges to consider.
Security Risks and Scams
Fraud and scams are a real risk when using cryptocurrency. There have been cases of people losing money due to phishing and fake crypto exchanges. Always use trusted platforms and take steps to secure your assets, such as enabling two-factor authentication (2FA).
Limited Acceptance by Businesses
Not all businesses in Greece accept cryptocurrency yet. While some restaurants, hotels, and shops might take crypto, it’s still not common. Before making a purchase, check if the place you’re buying from accepts digital currency.
Price Volatility and Uncertainty
Cryptocurrencies are known for their price changes. The value of your crypto can go up or down quickly, making it harder to use for stable, everyday purchases. You can reduce this risk by using stablecoins or spending crypto on smaller items.
Tools and Platforms for Spending Crypto in Greece
Source: freepik
To help you spend your crypto easily in Greece, here are some helpful tools and platforms:
Mobile Wallets for Simple Transactions
Mobile wallets like UPay, BitPay and Coinbase Wallet make it easy to store, send, and receive cryptocurrencies on your phone. They allow you to make transactions quickly and conveniently wherever you are.
Crypto Debit Cards for Easy Payments
Cards like UPay and Binance Cards let you spend your crypto as euros, which is great if you want to shop or pay for services. These cards link directly to your crypto wallet and allow you to make purchases with ease.
Payment Apps for Online Shopping
Payment apps like PayPal and Bitrefill now support cryptocurrency payments. You can buy gift cards, pay for subscriptions, and shop online using your digital currency without converting it into cash first.
Conclusion
While cryptocurrency in Greece is still developing, more businesses are starting to accept it. By staying informed, using the right tools, and understanding the challenges, you can make the most of your digital assets. As crypto adoption grows, it will likely play a bigger role in day-to-day transactions in Greece in the future.
Frequently Asked Questions
Can I use cryptocurrency to pay for food and drinks in Greece?
Yes, several restaurants and cafes in Greece now accept Bitcoin and other cryptocurrencies for payments.
Are there crypto-friendly hotels and travel agencies in Greece?
Absolutely. Platforms like Travala and Expedia allow you to book accommodations and flights using digital currencies.
What are the best ways to spend crypto in Greece?
You can use crypto debit cards, peer-to-peer platforms, or directly pay businesses that accept digital assets.
Is cryptocurrency regulated in Greece?
While crypto transactions are legal, regulations are still evolving. It’s best to stay updated on the latest policies.
Are there risks in using cryptocurrency for payments in Greece?
Yes, price volatility and security risks exist. Always use reputable platforms and consider stablecoins for safer transactions.
