You are probably in Portugal or about to visit there, and you might be wondering if there are places where you can use your cryptocurrency directly instead of converting it to euros.
I am sure that’s how you landed here.
Good news! We have done the research for you and come up with a list of businesses across Portugal that accept crypto payments.
Without further ado, here are the best places to spend your crypto in Portugal.
Read Also: Cryptocurrency Adoption In Portugal.
Key Takeaways
- Portugal has numerous businesses that accept cryptocurrency as a direct payment, eliminating the need to convert to euros.
- BitRefill allows users to purchase digital gift cards, eSIMs, and phone refills using Bitcoin and other cryptocurrencies.
- Hotel 705 partners with PAYCEK to accept Bitcoin, Ethereum, Tether, USD Coin, and Solana as payment methods.
- Rossio Hostel accepts Bitcoin and other cryptocurrencies for booking rooms or dorms.
- Several bars in Lisbon, including Sino Bar, Conceptica Bar, Liquid Love, and Papoila Bar, accept Bitcoin and Ethereum.
| S/N | Best Places to Spend Crypto in Portugal | Categories |
| 1 | BitRefill | Retail |
| 2 | Hotel 705 | Hotel |
| 3 | Rossio Hostel | Hotel & Hostel |
| 4 | Sino Bar | Bar |
| 5 | Conceptica Bar | Bar |
| 6 | Liquid Love | Bar |
| 7 | Papoila Bar | Bar |
| 8 | Liberty Cafe | Restaurant |
BitRefill
Source: BitRefill
Category: Retail
Supported Cryptos: Bitcoin (BTC) and other cryptocurrencies.
Bitrefill allows users to buy digital gift cards, eSIMs, and phone refills using Bitcoin and other cryptocurrencies.
This makes it easy for crypto holders to pay for everyday needs without converting their crypto to cash.
With a wide range of gift cards available, users in Portugal can shop, dine, and even book travel with crypto.
Hotel 705
Source: Hotel 705
Category: Hotel
Supported Cryptos: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Solana (SOL).
At Hotel 705, you can enjoy a comfortable stay while spending your cryptocurrency with ease.
Located in Portugal, Hotel 705 has partnered with PAYCEK, a well-known cryptocurrency platform, to allow guests to pay with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Solana (SOL).
This means you can book your stay and pay for services directly from your crypto wallet.
Rossio Hostel
Source: Rossio Hostel
Category: Hotel & Hostel
Supported Cryptos: Bitcoin (BTC) and other cryptocurrencies.
Book rooms or dorms at Rossio Hostel and pay with cryptocurrency! This cozy and comfortable hostel is right in the center of the city, making it a great place to stay while exploring Portugal.
Whether you want a private room or prefer the fun experience of a dorm, Rossio Hostel has options for everyone.
Sino Bar
Source: Sino Bar
Category: Bar
Supported Cryptos: Bitcoin (BTC), Ethereum, and other cryptocurrencies.
You can pay with crypto at Sino Bar. Located in the heart of Lisbon, this bar is a mix of old Portuguese charm and modern style.
Sino Bar stands out because it accepts cryptocurrency, giving crypto users an easy way to enjoy drinks without worrying about cash or cards.
Conceptica Bar
Source: Conceptica Bar
Category: Bar
Supported Cryptos: Bitcoin (BTC), Ethereum, and other cryptocurrencies.
Another bar where you can spend your crypto in Portugal is Conceptica Bar. This trendy yet cozy spot is in one of Lisbon’s most artistic areas.
What makes it special? The bar focuses on quality over quantity, offering a unique cocktail menu that is always changing. If you love trying bold and experimental flavors, this is the place for you.
Liquid Love
Source: Liquid Love
Category: Bar
Supported Cryptos: Bitcoin (BTC), Ethereum, and other cryptocurrencies.
Apart from them accepting crypto, you can be sure you are getting the best experience at Liquid Love. This bar is all about creativity and cool vibes.
It’s the perfect place to relax with friends after a long day, enjoying craft cocktails that are as unique as the bar itself.
What makes Liquid Love stand out is not just the amazing drinks but also the artsy atmosphere. Every corner is designed with style, making it a great spot to hang out.
Papoila Bar
Source: Papoila Bar
Category: Bar
Supported Cryptos: Bitcoin (BTC), Ethereum, and other cryptocurrencies.
Papoila Bar has a unique cocktail menu featuring local ingredients, so you can try something truly special. Whether you want a refreshing drink or something more adventurous, there’s a cocktail for you.
Papoila Bar also accepts crypto payments. You can pay with Bitcoin or Ethereum, making it a great choice for crypto enthusiasts.
Liberty Cafe
Source: Liberty Cafe
Category: Restaurant
Supported Cryptos: Bitcoin (BTC), Ethereum, and other cryptocurrencies.
Liberty isn’t just about great coffee, it’s about freedom of choice. This café offers a unique mix of specialty drinks, delicious food, and a hand-picked selection of books.
The café has created a warm and welcoming space where people can enjoy quality food and drinks while embracing new ways to pay.
By accepting crypto payments through iVendPay’s POS terminal and online via a WordPress plugin, Liberty is making it easier for customers to use Bitcoin and other digital currencies.
Tips for Spending Crypto in Portugal
Portugal sees cryptocurrency as a form of payment rather than an asset. This means you can use crypto to pay for things without worrying about VAT (Value Added Tax). Many businesses in Portugal accept crypto payments, especially in tech hubs like Lisbon and Porto.
Watch How Often You Trade
If you trade crypto only occasionally, your gains might be tax-free. But if you trade frequently and it becomes your main income source, you’ll need to pay taxes. Keep track of:
- How often you trade
- How long you hold your crypto
- How many trading platforms you use
Be Aware of Upcoming Tax Changes
Portugal introduced new crypto tax rules in 2023. Short-term gains (crypto sold within a year) are now taxed at 28%, while long-term gains remain tax-free. Stay updated on these changes as they affect how you might want to time your crypto spending.
Consider Getting a Crypto Visa Card
You can pay for items with crypto visa cards in Portugal. This makes daily spending with cryptocurrency convenient and seamless, turning your digital assets into practical payment options.
Pay Attention to Exchange Rates
Cryptocurrency prices fluctuate frequently. If you are paying with crypto, check the exchange rate beforehand to ensure you are getting a fair deal. Some businesses might charge a premium for crypto payments due to volatility.
Be Aware of Transaction Fees
Depending on the network you are using (Bitcoin, Ethereum, etc.), transaction fees can vary. If possible, use lower-fee cryptocurrencies like Litecoin or stablecoins for faster and cheaper transactions.
Withdraw Euros if Needed
If you find yourself in a place that does not accept crypto, you can withdraw Euros using crypto ATMs available in Portugal. These ATMs allow you to convert your crypto into cash easily.
Conclusion
Most of the places listed here are located in Lisbon, making it easy for crypto users to shop, dine, and enjoy entertainment using digital currency.
As more businesses start accepting crypto payments, spending your digital assets in Portugal will become even more convenient.
Just remember to stay updated on tax rules, exchange rates, and transaction fees to make the most of your crypto.
Frequently Asked Questions
Is Portugal Good for Crypto?
Portugal has been recognized as a crypto-friendly country, due to its favorable tax policies and active crypto community. As of January 2023, individuals who hold cryptocurrencies for more than 365 days are exempt from taxes on profits, provided that crypto trading is not their primary source of income.
What Is the Most Crypto-Friendly Bank in Portugal?
Regarding banking services, Bison Bank stands out as a crypto-friendly institution in Portugal. It was the first bank in the country to receive a license to deal with cryptocurrencies, offering services such as secure storage solutions and seamless conversion of crypto to cash.
Can I Cash Out Crypto in Portugal?
Cashing out cryptocurrencies in Portugal is feasible, especially through platforms like Bison Bank, which provides secure and legal avenues for conversion.
