Sell Ethereum in Spain

Selling Ethereum in Spain follows the Spanish savings income tax framework.

Mechanics. Send ETH to a regulated platform, complete identity verification under MiCA and Spanish AML rules, agree on the sell rate in euros, pick a payout. Network gas fees in ETH apply. Off-peak hours can reduce them. SEPA bank transfer is the default; SEPA Instant in seconds where supported.

Spanish income tax. Crypto disposal gains for individuals are taxed at progressive savings rates 19% to 28%. ETH staking rewards are typically treated as separate income items and may be subject to general income tax rates rather than savings rates, depending on the specific arrangement; AEAT (Spanish tax authority) guidance has refined this through 2024-25. The disposal gain on the ETH itself is calculated under the savings framework. Cost base is FIFO. This is general information, not tax advice.

Modelo 721 reporting applies to Spanish residents holding crypto abroad above EUR 50,000.

Regulatory framework. CNMV supervises in Spain; Banco de Espana oversees prudential aspects. MiCA applies EU-wide. Banxa Europe IV BV (EUIV) services Spanish customers under MiCA.

If your ETH is staked through Lido or Rocket Pool, you can sell the liquid staking tokens (stETH, rETH) directly without unstaking, although they are separate digital assets at slightly different prices. Direct unstaking from Ethereum's consensus layer goes through a withdrawal queue.

Important information for retail customers in the EU. Crypto-assets are not deposits and are not covered by deposit-guarantee schemes. Authorisation of crypto-asset service providers under MiCA does not constitute an investor-compensation scheme and does not protect against price losses. Crypto prices can fall sharply, including to zero in some assets, and you can lose the full amount invested. Settlement of any sell order depends on identity verification, payment processing, and blockchain confirmation. The tax information on this page is general only and is not tax advice; rules depend on individual circumstances and may change. The Dutch financial markets authority (AFM) publishes consumer-facing information on crypto-asset risks for EU retail clients.