With the world changing and the dominance of cryptomarkets growing, the world is opening up to the possibility of purchasing property with cryptocurrencies. Discover your guide to buying Spanish real estate with crypto such as Bitcoin and Ethereum, and the legal framework you need to consider.
Cryptocurrencies are becoming an increasingly common payment method in Spanish real estate, particularly in international markets such as Marbella and the Costa del Sol. Whether it be Blockchain assets or another digital currency, discover what you need to know to start buying property with this innovative investment method – TACs apply.
As digital currencies rise into mainstream finance, they are increasingly used in high-value asset transactions like real estate. In Spain, and especially in international hubs like Marbella, Benahavís, and the wider Costa del Sol, a growing number of investors are exploring how to use Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) to purchase property.
While the appeal is clear – speed, privacy, and global reach – the process still involves navigating an evolving legal landscape and understanding the practical aspects of crypto-fiat conversion, taxation, and compliance. This article explains what you need to know about purchasing property in Spain with cryptocurrency, including legal obligations, key advantages, challenges, risks, and the practical process.
Cryptocurrency is a form of virtual or digital currency that uses cryptographic technology to create transactions and control the creation of new units. Unlike national currencies issued by central banks, cryptocurrencies operate on decentralised networks – typically blockchain-based systems – that enable peer-to-peer transactions without intermediaries.
Since Bitcoin’s launch in 2009, the market has evolved rapidly, with thousands of new coins and tokens emerging, including Ethereum, which introduced programmable smart contracts. More recently, stablecoins like USDT (Tether) and USDC have been developed to reduce volatility by pegging their value to fiat currencies.
As adoption grows, governments and regulators, particularly in the EU, are responding with comprehensive frameworks such as the European Markets in Crypto-Assets Regulation, signalling a shift toward a more regulated and integrated financial future for these digital assets.
Yes, it is legal to buy property using cryptocurrency in Spain—provided the transaction adheres to Spanish property law and financial regulations – ´TAC´ apply. Importantly, Spanish law requires that the final registration of the sale be conducted in euros, meaning crypto payments must be converted into fiat currency before the notarial act and Land Registry submission.
The Spanish legal basis for crypto property transactions is reinforced by:
It is vital to engage a lawyer specialising in digital assets who can guide you through the process with up-to-date and in-depth information and application of the relevant regulations.
Cryptocurrency offers nearly instant cross-border transactions, reducing typical delays associated with international bank transfers. Some crypto transactions can often be completed in 3 -4 weeks from accepted offer to completion, significantly faster than the 6 – 8 weeks typical of conventional cross-border property deals, since time can be saved in international currency conversions or resolving mortgage issues. For overseas investors looking to buy property, this can streamline the buying process significantly.
By reducing the need for multiple intermediaries such as banks or exchange brokers, crypto transactions can reduce overall costs and fees in property transactions and allow for faster settlement times. This is particularly relevant for high-value purchases, where savings on fees can be substantial.
Cryptocurrency transactions are transparent and secure, offering better privacy than other payment methods. The nature of blockchain technology reduces the risk of fraud, providing a high level of discretion in real estate transactions.
Many international investors already hold significant crypto portfolios. Converting a portion of those digital assets into tangible real estate offers both diversification and lifestyle benefits.
Since cryptocurrency is globally accessible, it is easier for international investors to participate. Whether you are in the UK, US, EU, Africa or Asia, you can purchase property in Spain by connecting with local crypto-legal specialists who can guide you through the process of reservation, contract preparation and completion, while avoiding the need for currency conversions or wire transfers.
While the benefits of using cryptocurrencies for real estate are compelling, it’s essential to consider the downsides:
Cryptocurrency values can fluctuate dramatically in short periods, affecting purchasing power and transaction stability. In some situations, this can lead to disputes if not addressed in the contract, and it is essential to consider risk tolerance and market conditions before commencing a transaction.
While the acceptance of cryptocurrency purchases is growing, many sellers and institutions, such as traditional banks and notaries, are still wary of digital assets. As more and more people are familiar with the process, particularly in areas where digital transactions regularly occur, there is increasing acceptance of cryptocurrency in the real estate sector. We can connect you with VCSP providers who specialise in Spanish crypto-property transactions, and can manage the process so sellers do not need to be involved in any crypto elements – making the process more digestible for owners.
The regulatory framework for cryptocurrency purchases is evolving both in Spain and internationally. Key issues like consumer protection in smart contracts and blockchain-based property registries are still undefined, and different jurisdictions may have various laws and regulations affecting the use, which require careful legal consideration by professionals.
When purchasing property with cryptocurrency in Spain, anti-money laundering (AML) and know-your-customer (KYC) checks can be rigorous, particularly if the origin of crypto funds is unclear or involves anonymous wallets.
To buy property in Spain with cryptocurrency, you’ll need to work with a real estate agent and legal advisor who understand both crypto and Spanish property law. We recommend you work with a Virtual Currency Service Provider (VCSP) experienced in the Spanish real estate industry.
Once you’ve agreed on a property and signed a private contract, your cryptocurrency – typically Bitcoin, Ethereum, or a stablecoin—is converted into euros through a regulated exchange or payment processor.
Before the final deed is signed, you’ll need to complete standard anti-money laundering (AML) and know-your-customer (KYC) checks to verify the legal origin of your funds. The sale is finalised in euros, as required by Spanish law, and the property is registered with the Land Registry. Below, we break down this process into a step-by-step guide.
In the Spanish real estate sector, the most widely accepted digital assets are:
Acceptance ultimately depends on the seller’s preferences and the payment processor or legal team involved. In markets like Marbella and Benahavís, where agencies and legal advisors are more familiar with crypto assets, the process is more streamlined.
In Marbella, some specialist lawyers can even handle the entire sale and exchange of digital assets, meaning that the seller does not need to accept an offer based on digital currency—the lawyer will handle the process so that, from the owner´s perspective, it is a normal sale.
Spain has adopted a progressively cautious stance toward cryptocurrency, building a structured regulatory environment to protect both consumers and financial systems. Key aspects include:
Although using crypto adds a layer of complexity, the overall steps follow the traditional property acquisition structure, with added compliance and conversion requirements.
1. Initial Onboarding
Selection of legal advisors and real estate agents familiar with crypto transactions. KYC and AML checks begin, and familiarise yourself with the relevant legal regulatory frameworks. Specialist advisors are best placed to help you understand the process and your budget in euros.
2. Find the Property to Purchase
Once you have spoken to specialist lawyers to understand the timeframes, process and budget for your digital assets, you can find the property you would like to purchase, make an offer and eventually come to an agreement on price and basic conditions. If you are purchasing directly in cryptocurrency, you will need to find a seller willing to accept cryptocurrency as payment or manage the process with a crypto-legal specialist.
3. Negotiation of Terms and Private Purchase Agreement
Once you have an accepted offer, lawyers discuss and agree on a Private Purchase Contract (PPC) to define terms and determine the payment structure—crypto-to-euro conversion timing, escrow arrangements, and all other details are clearly defined.
4. Due Diligence, Legal Process and Documentation
In the process of developing the PPC, lawyers will undergo a legal review of the property, including ownership, debts, planning status, and licenses.
5. Crypto Conversion to Euros
Conversion takes place via a regulated exchange or licensed payment processor. The transaction must be completed in euros for the final deed.
6. Notarial Signing and Registration
In Spain, property exchanges are completed at the Notary, a physical office that you will either need to attend on completion day or provide Power of Attorney to someone who will attend on your behalf. The notary certifies the transaction and submits it to the Land Registry. The final deed is always denominated in euros.
The regions that see strong international buyer demand and where agencies are experienced with digital assets are leading this trend:
To navigate the crypto-purchase process securely, we recommend that you:
Spain offers a cautiously progressive environment for purchasing real estate with cryptocurrency. Marbella and Benahavís are at the forefront of this trend, supported by international demand, tech-savvy professionals, and high-value luxury properties well-suited to crypto investors. However, successful execution requires:
For high-net-worth individuals looking to diversify their crypto portfolios into tangible property assets, buying real estate with cryptocurrency represents a viable, forward-looking opportunity, provided it’s approached with due diligence and professional support. Contact MPDunne to connect with cryptocurrency specialist lawyers or find you the right property in the Costa del Sol area – TACs apply.
Oscar Lindahl Partner & Creative Director
Oscar Lindahl is a versatile and accomplished creator with a rich history spanning over a decade in the music, arts, and entertainment industries. His extensive background in production has led him to collaborate on pioneering projects in Interactive Art installations, Generative AI and XR since 2019, propelling him to work alongside award-winning creatives on projects that have earned recognition and accolades, such as the esteemed Lumen Prize and ADA Gold Cube, among others.
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