- +34 648 88 08 96
- info@bocamspain.com
In today’s digital world, virtual currencies have transformed how we handle investments. More people are now choosing to buy a house in Spain with Bitcoin, USDT, or Ethereum, making real estate transactions faster and more efficient. If you’re considering this innovative approach, here’s how the process works and what you should know.
Begin by selecting the property you want to purchase. Our team specializes in helping you find the best options in Spain that accept this alternative payment method.
The transaction takes place directly between the buyer and the seller. The price is agreed upon in digital assets, with the equivalent value in local currency determined by the current market rate.
The payment is made through a secure platform, ensuring the conversion and transfer of digital assets to the seller’s account. This process is quick, secure, and transparent.
Once the payment is completed, the legal steps to transfer the property to your name are carried out, just like any traditional purchase.
Digital assets allow for instant payments, without the need for intermediaries.
Using this payment method helps diversify your investment portfolio, offering robust protection for your capital.
The process is more private and transparent, with full control over your assets.
It’s advisable to work with a lawyer experienced in these types of transactions to ensure all contracts are properly drafted and legally valid.
In many countries, digital assets are subject to tax laws, so it’s important to comply with local regulations. Consulting a tax expert is highly recommended.
Yes, buying a house in Spain with cryptocurrencies is legal. In Spain, cryptocurrencies are considered a legitimate form of payment, and there are no legal restrictions on purchasing goods and services, including real estate, using digital assets.
However, it is essential to consider the legal and tax implications of such a transaction. Ensuring full transparency and compliance with all tax and legal regulations is crucial.
Additionally, conducting due diligence on the property owner and any third parties involved is highly recommended. Working with experienced professionals in both real estate and cryptocurrency transactions can help ensure a smooth and secure purchase.
Although still uncommon, the practice of buying a house in Spain with Bitcoin, USDT, or Ethereum is gaining traction. Many real estate companies and homeowners still prefer traditional payment methods like bank transfers. However, cryptocurrency transactions in real estate have been increasing and are expected to continue growing.
The most commonly accepted cryptocurrency for property purchases in Spain is Bitcoin (BTC), mainly due to its global recognition, high market capitalization, and liquidity. Ethereum (ETH) is also widely considered because of its smart contract capabilities, which can help automate legal and financial aspects of the transaction.
Other cryptocurrencies such as USDT (Tether), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), and Binance Coin (BNB) are also gaining acceptance. However, acceptance levels vary, and some sellers or real estate agencies may require conversion into euros before finalizing the transaction.
The pricing process for buying a house in Spain with Bitcoin or Ethereum follows similar principles as traditional currency transactions. Property prices are based on factors such as location, size, features, and current real estate market conditions.
Many property owners set the price in euros and then apply a conversion rate to determine the cryptocurrency equivalent at the time of the transaction. In other cases, the property price may be listed directly in cryptocurrencies, relying on real-time exchange rates.
Since cryptocurrency values can be highly volatile, buyers and sellers must be prepared for price fluctuations and agree on how they will handle them.
Purchasing a house in Spain using Bitcoin, USDT, or Ethereum is subject to the same taxes as traditional transactions in euros. These may include:
Value-Added Tax (VAT): A 10% tax applies to new property purchases in most regions.
Property Transfer Tax (ITP): Ranges between 6% and 10%, depending on the region, for second-hand properties.
Municipal Capital Gains Tax (Plusvalía): Applied to the seller based on the increase in the property’s cadastral value.
Cryptocurrency Taxes: Since cryptocurrencies are considered assets in Spain, gains from their use may be subject to capital gains tax or income tax.
Tax obligations may vary by region, so consulting a legal expert is recommended for up-to-date information.
The requirements for buying a house in Spain with Bitcoin, Ethereum, or USDT are similar to those for traditional purchases. These may include:
Sufficient cryptocurrency funds to cover the transaction.
Identity verification and legal documentation.
A signed purchase agreement outlining the transaction terms.
Property inspection and due diligence to ensure the property meets expectations.
Payment of applicable taxes and fees related to both real estate and cryptocurrency transactions.
Given the complexities of cryptocurrency transactions, working with a legal or financial expert experienced in crypto-real estate deals is advisable.
The registration process for buying a house in Spain with cryptocurrencies is similar to purchasing with traditional currency:
Signing the contract: The buyer and seller sign a purchase agreement specifying the cryptocurrency payment terms.
Paying taxes: The buyer must pay all applicable taxes, such as property transfer tax or VAT.
Transferring the cryptocurrency: The agreed amount is securely transferred to the seller’s digital wallet.
Verifying the transaction: The seller confirms receipt of the funds.
Registering the property: A notary validates the transaction, and the property is officially registered in the buyer’s name.
By following these steps and ensuring compliance with Spanish legal requirements, buying a house in Spain with Bitcoin, USDT, or Ethereum can be a seamless and legally sound process.
Enter your email address and we will send you a link to change your password.