EOS is one of the top 50 largest cryptocurrencies by market cap. Trusted by EOSIO buyers, you can buy and trade EOSIO in Spain and 100+ countries on Blocktrade without any fees easily.
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How to buy EOSIO in Spain
Is EOS a good investment in Spain?
Known as an "Ethereum killer"; EOS is one of the top 50 largest cryptocurrencies by market cap. EOS coin was released to the market in 2017 with the price of $1.52 per coin. It experienced the lowest price of $0.48 in October of the same year. Supporting smart contracts and the flexibility of this coin made it one of the top cryptocurrencies in 2018 when its price mounted to $22.89. It shows how profitable this investment was for its first year. However, it didn't last long, and the EOS price dropped to $2.15 at the end of the same year. The fluctuations in the price of crypto are normal; you can't always forecast the future based on its past. Other factors can help you analyze if it's the right time to buy EOS.
Crypto experts and analysts predict the future of a coin based on some analysis. Although this price prediction is not guaranteed, it can help you decide if EOS might have a bright future as an investment. Cryptocurrency experts believe that the EOS price may be between $19.07 to $22.91 in 2030. They also claim that EOS might be a profitable long-term investment. But in the short-term, it might be risky. However, no one can tell you if your investment is %100 profitable. It’s better to read more about the history of EOS, how you can use it and what top investors tell you about this coin. Furthermore, if you are a beginner, it’s better to have an exit point for your investment; so if the price of EOS dropped to that number, you sell it to prevent losing your money.
What is EOSIO ?
Although many know this blockchain by the name of EOS, the real name of the blockchain is EOSIO, which was designed by Block.one company. EOSIO is a decentralized blockchain network released in 2017. Its system is very similar to Ethereum, but faster, more flexible, and free of charge. These features made EIOSIO more popular than Ethereum, especially the speed of this network, which allows thousands of transactions per second (tps); compared to the 15 tps of the Ethereum system, EOSIO is really a winner. There are other benefits that the EOISIO system has that make it one of the top decentralized blockchains, including being user-friendly and supporting smart contracts and voting, which are predicted to become so useful in the near future.
Check out more information on EOS official website.
Is EOSIO legal to buy in Spain?
Yes. According to the document Crypto-assets: a financial authority’s view by the central Bank
of Spain (BDE), the common trait of crypto-assets is that they are a digital representation of
value or a set of contractual rights. According to the same document, cryptocurrencies rely on
distributed ledger technology (DLT) to be legally transferred, traded and stored.
Is EOSIO taxed in Spain
Yes. According to the legislative document published by the Spain government, crypto traders
have to inform the tax authorities about the ownership of any cryptocurrency held, and any
transaction made in a very detailed way. This applies to crypto both in and outside Spain.
According to the above-mentioned law, depending on the transaction, crypto assets in Spain
can be subject to different taxes which include: Income Tax, Income Savings Tax, Inheritance
and Gifts Tax, and Wealth Tax. You may have to pay between 19% to 26% in tax depending on
how large a net profit you have made. You need to declare your crypto activity in terms of
income and capital gains in your annual income tax return.
After you've bought EOSIO in Spain
Most people buy coins to keep as an investment. In case you want to buy EOS to sell in the future, you should always keep an eye on the EOS price. Read whitepapers and check the EOS website to know which projects they are working on and what updates they may have on their platform in the future. It’s also recommended to read EOS price predictions to analyze if the future is bright for this coin.
Apart from keeping EOS coins as an investment, there are other ways to use this token. You can trade it with other coins or use it as a payment. However, the seller should accept this coin on its transactions. Thus, if you want to use this coin to purchase something, make sure that it is accepted by the company or brand you are buying the products from. One of the uses of this token is to create decentralized apps. This token can be used in online games to purchase or trade different tools too. EOS also supports smart contracts, which means people can create coded contracts on the EOS platform or use its coin as a payment for that contract.
Who can buy EOSIO in Spain?
Anyone can receive, store, send, exchange, buy and sell cryptocurrency easily by the help of a
cryptocurrency exchange in Spain. Though it is important that your exchange supports different
payment methods available in Spain like: Apple pay, Google pay, Credit Card, Debit Card, Bank
Transfer and PayPal. Our exchange offers one of the best services in the country with the
access to payments through the mentioned resources while charging no exchange fees for
secure and fast transactions.
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Frequently asked questions
That depends on the reason you are buying EOS. If you want to keep it as an investment, check top analysts’ and crypto experts’ predictions of EOS. If you want to use it as a digital asset, check what projects and brands accept this coin.
Yes. But note that according to the legislative document by the Spanish government, the capital
gain tax applies whenever you dispose of your crypto assets. This would include selling crypto
for EUR, trading cryptocurrency for another cryptocurrency and gifting crypto. So, when you sell
your crypto asset for any fiat currency, you will need to pay tax on any profits you made.
According to the legislative document by the Spain government, whether you are getting paid
for a full-time job in cryptocurrency or receiving crypto payments for offering services part-time,
you are subject to Income Tax on your crypto earnings.
Analysts have predicted price growth for both the EOS and Cardano in the future. They are performing very close to each other as an investment. They both accept smart contracts and have the same usage. However, Cardano is a bigger network and the fifth largest cryptocurrency by market cap. Therefore, it may be one step ahead of EOS.
It is estimated that over 1.1 million people, 2.51% of Spain’s total population, currently own
One of the points that EOS has among most of the decentralized blockchain networks is that all the transactions on this platform are free of charge.