Buying Property in Spain Using Cryptocurrency – What You Need to Know
Spain has long been a hotspot for international property buyers, and with the rise of digital currencies, a growing number of investors are now exploring the option of buying property in Spain using cryptocurrency. While the concept may sound futuristic, crypto transactions are already taking place across popular regions, and Murcia Services are now delighted to announce that we can now too offer this service as we have formed a partnership with a specialist law firm who help clients purchase real estate or other assets using cryptocurrencies.
The big question though is how does it work in practice—and is it legal? In this article, we’ll explore the legal framework in Spain, cryptocurrencies accepted, the step-by-step process, AML compliance, timings, and the main benefits of buying property in Spain using Cryptocurrency.
Is It Legal to Buy Property in Spain Using Cryptocurrency?
Yes, buying property in Spain using cryptocurrency is legal—as long as the transaction complies with Spanish property law and financial regulations. The key point to understand is that property purchases must be registered in euros, meaning the crypto must be converted to fiat at some point during the process.
You’ll be pleased to know that many sellers now accept crypto as a form of payment—particularly developers and private owners who are open to digital assets. These transactions can be structured legally, provided they follow strict anti-money laundering (AML) and know-your-customer regulations.
Types of Cryptocurrency Accepted in Spain for Property Deals
While not all sellers accept crypto, a growing number of developers and investors are happy to transact in the following cryptocurrencies:
- Bitcoin (BTC) – The most widely accepted cryptocurrency in Spain for property transactions.
- Ethereum (ETH) – Often used due to smart contract functionality.
- Tether (USDT) and USD Coin (USDC) – Stablecoins pegged to the US dollar and preferred for their reduced volatility.
- Binance Coin (BNB) and others – Accepted on a case-by-case basis.
Many buyers choose to transfer crypto through an escrow wallet or convert to euros through a crypto-friendly exchange or OTC (over-the-counter) provider in Spain.
The specific cryptocurrency used depends on client preferences and transaction conditions.
The Process: How to Buy Property in Spain Using Cryptocurrency
Let’s take a further look at the process involved when buying a property in Spain using cryptocurrency:
Onboarding: Clients complete a registration process, providing necessary details such as identification (NIF/NIE), legal residence, and wallet addresses.
Private Contract: A contract is signed to outline the services provided by our Legal experts throughout the transaction.
Property Reservation: After selecting a property, a deposit contract is signed to remove it from the market.
Due Diligence: We conduct a thorough legal and financial background check on the property, including title verification, municipal licenses, tax compliance, and potential liabilities.
Cryptocurrency Exchange Service: We facilitate seamless crypto-to-fiat conversions (or vice versa) to ensure smooth transactions without requiring clients to operate on exchanges.
Notarial Deed: We coordinate the official signing before a notary, manage tax payments, and ensure the property is registered in your name.
Post-Deed Services: We assist with annual tax payments for non-residents, ensuring ongoing legal compliance.
AML Compliance and Legal Due Diligence in Spain
Spain enforces strict anti-money laundering rules, especially in property transactions involving foreign buyers or alternative payment methods. As a crypto buyer, you must:
- Prove the origin of your funds
- Pass KYC checks with your lawyer, notary, and any financial intermediary.
- In some cases, obtain an AML Compliance Report from a certified provider.
Failing to comply with AML regulations can result in transaction delays or even legal action.
Timings: How Long Does a Crypto Property Purchase Take in Spain?
Using crypto can actually speed up the purchase process—provided all documents are ready:
- Property Search & Offer: 1–2 weeks
- Legal Due Diligence: 7–10 days
- AML/KYC Processing: 3–5 working days
- Escrow Transfer & Contract Signing: 1–3 days
- Final Notary & Registration: 1–2 weeks
Total time from offer to completion can be as little as 3–4 weeks, compared to 6–8 weeks for a traditional bank transfer deal.
Key Benefits of Buying Property in Spain with Crypto
- ✅ Faster Transfers: Crypto payments can settle in minutes or hours, avoiding banking delays.
- ✅ Lower Fees: Reduce bank transfer costs, currency exchange fees, and intermediaries.
- ✅ Portfolio Diversification: Move digital assets into tangible property investments.
- ✅ Innovative Agreements: Smart contracts can streamline and automate key steps.
- ✅ Enhanced privacy & security: Transactions are backed by blockchain technology
Final Thoughts
Buying property in Spain with cryptocurrency is not only possible – it’s becoming increasingly common in high-demand locations, but it’s not without its complexities. Working with a knowledgeable legal team, following AML procedures, and partnering with crypto-aware agents is essential for a smooth and compliant transaction.
If you’re ready to explore buying Spanish property using Bitcoin, Ethereum, or stablecoins, we’re here to guide you every step of the way.
Interested in buying a home in Spain using Cryptocurrency?
Get in touch with our expert team today for crypto-friendly property listings and legal support tailored to your needs.
