Not many places accept crypto payments in Spain; cash and credit cards are still the most common ways to pay for products or services in Spain.
But rest assured, we have researched and compiled a list of businesses where you can spend your digital coins.
This guide will walk you through the best spots that embrace blockchain technology, allowing you to keep your crypto portfolio active rather than just sitting in your digital wallet.
Key Takeaways
- Cash and credit cards remain the dominant payment methods in Spain, with crypto acceptance still limited.
- Morning People Cafe, the only fully vegan restaurant in its area, accepts Bitcoin Lightning payments.
- Bululu Canarias in Las Palmas accepts Bitcoin Lightning for Venezuelan cuisine.
- Spain Homes made history by completing Spain’s first real estate sale using cryptocurrency in 2022.
- Business advantages of accepting crypto include lower transaction fees (under 1% vs up to 4% for credit cards).
| S/N | Best Places to Spend Crypto in Spain | Categories |
| 1 | Morning People Cafe | Cafe |
| 2 | Bululu Canarias | Restaurants |
| 3 | Spain Homes | Real estate |
| 4 | Meblero | Furniture |
Morning People Cafe
Source: Morning People Cafe
Category: Cafe
Supported Cryptos: Bitcoin (BTC), Bitcoin Cash, Ethereum, Paxos, Gemini USD, Euro Coin
Morning People Café, the only fully vegan restaurant in the area, now accepts Bitcoin Lightning payments through @opago.pay. This makes it a great spot for crypto enthusiasts who want to enjoy delicious plant-based food while using their digital currency.
Located at C. Virgen del Pilar, just 100 meters from the beach and close to Marbella’s charming old town, the café is easy to find. It offers a creative selection of plant-based breakfast and brunch options, making it a perfect stop for a healthy and tasty meal.
Bululu Canarias
Source: Bululu Canarias
Category: Restaurants
Supported Cryptos: Bitcoin (BTC), Bitcoin Cash, Ethereum, Paxos, Gemini USD, Euro Coin
Enjoy delicious Venezuelan food while spending your Bitcoin at Bululú Canarias in Las Palmas! This popular restaurant now accepts Bitcoin Lightning through Opago Pay, making it one of the best places in Spain to use crypto for a great meal.
Founded five years ago, Bululú Canarias has quickly become a favorite among food lovers. Some of the top picks include sweet potato dough arepas, patacones, and watercress hummus, all packed with amazing flavors!
Spain Homes
Category: Real Estate
Supported Cryptos: Bitcoin (BTC), Bitcoin Cash, Ethereum, Paxos, Gemini USD, Euro Coin
As a real estate company that accepts Bitcoin and other trusted digital currencies, Spain Homes makes it simple for investors to buy property using crypto.
Spain Homes made history in 2022 by completing the first real estate sale in Spain with cryptocurrency. They work with Binance Pay, a secure and easy-to-use payment system created by Binance, the world’s largest crypto exchange. This partnership allows buyers to send payments directly to Spain Homes’ wallet without the need for traditional banking systems.
Meblero
Category: Furniture
Supported Cryptos: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH).
You can buy furniture and home décor with cryptocurrency at Meblero. Meblero is an online store that sells furniture, décor, tableware, lighting, and garden products, everything to make your home more beautiful and comfortable.
You can pay easily and securely with Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH). Crypto payments are fast, hassle-free, and secure, thanks to blockchain technology.
What Are the Pros and Cons of Accepting Crypto Payments as a Business Owner?
While crypto offers benefits like lower fees and security, it also comes with risks such as price volatility and regulatory uncertainty.
Pros of Accepting Cryptocurrency
Lower Transaction Fees
Compared to credit cards, which can charge up to 4% per transaction, cryptocurrency fees are much lower, sometimes under 1%. This can save businesses money, especially those with high transaction volumes.
Increased Security
Unlike credit cards, where data is stored in a central system that is prone to hacking, crypto transactions use blockchain technology. This makes it harder for fraudsters to steal customer information.
No Chargebacks
Once a cryptocurrency transaction is made, it cannot be reversed. This protects businesses from fraudulent chargebacks that often happen with credit card payments.
Faster International Payments
Since crypto isn’t tied to a specific country or bank, businesses can receive payments from international customers faster and without costly currency exchange fees.
Cons of Accepting Cryptocurrency
Price Volatility
Cryptocurrency values can change rapidly. A payment worth $500 today could be worth $400 tomorrow, leading to potential losses. To avoid this, businesses may need to convert crypto into cash quickly.
Regulatory Uncertainty
Laws around cryptocurrency are still changing. Governments may introduce new regulations that could impact businesses accepting crypto payments.
Irreversible Transactions
If a customer wants a refund, the business must process it manually, unlike credit card payments that allow automatic refunds. This could add complexity to business operations.
How to Accept Crypto Payments in Spain?
Cryptocurrency offers fast and secure transactions without the need for banks. Here’s how you can start accepting crypto payments in Spain.
Choose a Crypto Payment Processor
Using a crypto payment processor makes accepting payments easy. Some popular options include BitPay, CoinGate, and Binance Pay. These platforms convert crypto into euros and help with transactions.
Set Up a Crypto Wallet
A crypto wallet is needed to receive payments. You can choose from hot wallets (online) or cold wallets (offline). Popular wallets include MetaMask, Trust Wallet, and Ledger.
Inform Customers About Crypto Payments
Let customers know that you accept crypto. You can display signs in your store, mention it on your website, or add a crypto payment option to your online checkout.
Follow Tax and Legal Rules
In Spain, crypto transactions are subject to taxes. Businesses must report crypto earnings and follow financial regulations. It’s a good idea to check with a tax expert or lawyer.
Convert Crypto to Euros (Optional)
If you don’t want to hold crypto, you can convert it into euros. Many payment processors offer automatic conversion to reduce the risk of price changes.
Tips for Spending Crypto in Spain
If you have Bitcoin, Ethereum, or other digital currencies, here are some tips to help you spend them easily in Spain.
Find Crypto-Friendly Businesses
Many shops, restaurants, and even hotels in Spain accept cryptocurrency. Use online maps and apps like Coinmap or Bitrefill to find businesses that allow crypto payments. Some places might have signs saying they accept Bitcoin or other digital currencies.
Be Aware of Fees and Exchange Rates
When spending crypto, check the fees and exchange rates. Some platforms charge high fees for conversions. It’s a good idea to compare rates before making a transaction to avoid losing money.
Understand Tax Rules
In Spain, cryptocurrency transactions might be taxable. If you are spending crypto regularly, it’s best to keep track of your transactions and check the local tax rules. Consulting a tax professional can help you stay compliant with the law.
Keep Your Wallet Secure
Always use a secure crypto wallet to store your digital assets. If you’re using a mobile wallet for payments, enable security features like two-factor authentication to protect your funds.
Conclusion
In Spain, using crypto to buy things is still pretty new. While cash and cards are still the main ways to pay, more places are starting to accept digital money like Bitcoin.
If you want to spend your crypto, you can find cafes, restaurants, real estate, and furniture stores that take it. Remember to check for fees and know the tax rules.
Using a crypto payment processor and a secure wallet can make it easier. As more businesses learn about crypto, it might become a more common way to pay in Spain.
Frequently Asked Questions
Which Crypto Wallet Is Allowed in Spain?
In Spain, cryptocurrency usage is legal, and individuals can choose from various crypto wallets to manage their digital assets. Popular options include Trust Wallet, Ledger Nano S, Coinomi, and Atomic Wallet.
Is Spain a Crypto-Friendly Country?
Yes, Spain is considered a crypto-friendly country. The Spanish government has embraced cryptocurrencies, implementing regulations to ensure consumer protection and market integrity.
Read Also: Crypto Adoption In Spain
Where Is the Most Popular Place to Buy Crypto?
In Spain, platforms like Binance, UEEx, KuCoin, Coinbase, and Bybit are popular among users. These exchanges are known for their security, user-friendly interfaces, and wide selection of supported cryptocurrencies.
