How to Buy Bitcoin in Portugal: Current Guide for 2025

Portugal has earned a reputation as one of Europe’s most crypto-friendly countries. According to Statista, the crypto revenue in this country is going to reach $294.2 mln in 2025 and the average number of users is expected to reach 3.40m users by 2026.

In 2025, buying Bitcoin in Portugal is both legal and accessible, whether you’re a resident or a tourist. Let’s look at the current legal status and regulations for Bitcoin in Portugal, and mention the best apps and platforms to purchase Bitcoin.

Bitcoin’s legal status in Portugal

Bitcoin is legal in Portugal, and the government actively supports cryptocurrencies. In fact, Portuguese authorities clarified that Bitcoin must be treated similarly to any other currency under the law. There are no restrictions on residents or tourists buying, holding, or selling Bitcoin in Portugal. Portugal is widely known as a hub for crypto innovation, with the central bank (Banco de Portugal) licensing several crypto service providers and exchanges to operate in the country.

Regulation and consumer protection

Crypto exchanges in Portugal are regulated under EU-wide frameworks (like the MiCA regulation coming into effect) and local laws. Each crypto company must register with the Banco de Portugal for AML (anti-money-laundering) compliance. Bitcoin itself is not legal tender (you can’t pay taxes or debts in Bitcoin), is recognized as a digital asset/currency, however, it is not legal tender, which means you can’t pay taxes or debts in Bitcoin).

The European Union’s guidance treats exchanging Bitcoin for euros like a currency exchange service, not a sale of goods. This means no VAT is charged when you convert Bitcoin to cash or vice versa in Portugal.

Tax implications

Portugal was long considered a crypto tax capital, as it is very comfortable tax-wise in 2025. In 2023, Portugal introduced a new tax regime for crypto gains. It states that if you sell Bitcoin after holding it for less than one year, any profit is subject to a 28% capital gains tax.

However, if you hold Bitcoin for one year or more before selling, the gain is tax-free for Portuguese tax residents. Thus, long-term investors pay 0% tax on Bitcoin gains. The only exception here are securities.

For most casual users and tourists, this means you won’t owe Portuguese tax on small Bitcoin purchases unless you realize large short-term profits while being a tax resident. Aside from capital gains, Portugal imposes no wealth tax, gift/inheritance tax, or other special crypto taxes on individuals.

Best Apps and Cryptocurrency Exchanges to Buy Bitcoin in Portugal (2025)

There are many platforms available to buy Bitcoin in Portugal. Here are some of the best apps and exchanges for 2025. All these platforms will require KYC verification to comply with regulations.

Coinbase

Coinbase mobile app and website have a simple interface, making it easy for newcomers to buy cryptocurrency, including Bitcoin, with just a few taps. You can pay by credit or debit card for an instant purchase (Coinbase charges around 3.99% for card buys), or use a SEPA bank transfer to deposit euros with no fee and then buy Bitcoin (this method takes a couple of days but avoids high card fees).

Coinbase has high liquidity and reliable service, and it offers an “Instant Buy” feature for convenience. Coinbase will track your crypto transactions for compliance, and it charges a spread/fee on trades (around 0.5% for a basic buy in addition to any payment fees).

Binance

In Portugal, Binance allows you to buy Bitcoin using several payment methods – for example: bank account transfers, credit/debit cards, SEPA transfers, and wire transfers are supported.

Card purchases on Binance typically incur about a 1.8%–2% fee (and possibly a small spread), while SEPA bank deposits can often be done with minimal fees (note: Binance has had various EU payment partners; as of 2025 you can usually deposit euros via bank or third-party services and then trade).

Binance’s big advantage is very low trading fees – about 0.1% per trade – which means if you deposit funds first and then buy Bitcoin on the exchange, the fees are extremely small. Binance also has also have a simplified “convert” and “buy crypto” screen which is straightforward.

Bitpanda

Bitpanda’s user experience is simple and slick, ideal for beginners. The fees on Bitpanda are competitive; however, note that Bitpanda includes the fees in the price spread rather than showing them explicitly.

For example, the price you pay per Bitcoin might be about ~1.5% higher than market as their built-in fee. They advertise some of the lowest fees for card purchases, and there are high buying limits for verified users. KYC verification is required (you’ll need to verify your identity before buying).

Kraken

Kraken’s interface offers both a simple buy/sell option (on the website or app) and a pro trading interface. You can deposit euros via SEPA transfer on Kraken often with zero fees or very low fees, making it cost-effective for larger purchases.

Once funds are deposited, Kraken’s trading fees are around 0.16% to 0.26% (and even lower for high volumes), which is quite low. Kraken also supports purchasing with a card or instant buy, although those transactions might carry a higher fee (a few percent).

The user experience on Kraken might be slightly less “slick” than Coinbase for absolute beginners, but it is still straightforward for basic purchases and offers excellent support and tutorials.

Revolut

If you have a Revolut account (which you can set up with your ID and a selfie on your phone), you can convert some of your money to Bitcoin or other cryptocurrencies within seconds. Revolut typically uses a spread on the exchange rate and may charge a small fee (depending on your account tier, standard users might have a 1.5% fee on crypto trades after a certain limit, for example).

One thing to note is that Revolut’s crypto functionality can be somewhat closed – in the past, Revolut didn’t allow users to withdraw Bitcoin to an external wallet, meaning you could only sell it back within Revolut. They have started to introduce the ability to transfer Bitcoin out for some users, but with limits.

Bitstamp

If you deposit money via SEPA bank transfer to Bitstamp (typically free or a very small fee), you can trade Bitcoin or other cryptocurrencies for a fee of only 0.25% (and this fee drops to 0.1% if your trading volume increases). This means you get very close to the market exchange rate for Bitcoin – a great advantage if you are fee-sensitive.

You can also buy directly with a credit card on Bitstamp without pre-funding your account, but beware of high fees for card purchases – Bitstamp charges around 5%–8% on credit card buys for small amounts, which is significantly higher than some brokers. So, it’s recommended to use bank transfer and then buy on the exchange to save money.

Buycoin.online

Buycoin.online is a cryptocurrency exchange that operates in many European countries, including Portugal. You can easily purchase Bitcoin using one of the payment systems, including VisaMC, Apple Pay, and Google Pay.

The exchange operates automatically 24/7, and has large BTC reserves. The minimum purchase amount is currently 0.000599 BTC.

The platform offers more than 5,000 exchange directions and 80 cryptocurrencies to choose from. The support team is ready to answer all your questions any time.

How to buy BTC using Bitcoin ATMs (Cash Purchases)

If you have cash (euros) in hand and want to buy Bitcoin without going through an online platform, Bitcoin ATMs are an option in Portugal. Major cities like Lisbon and Porto have a few Bitcoin ATM kiosks (these can be found in certain malls, shops, or airports).

At a Bitcoin ATM, you can insert Euro banknotes and send Bitcoin to your wallet address. The advantage is that you can buy Bitcoin with cash instantly, often with minimal identity requirements – usually just a phone number or an SMS verification for small amounts, making it relatively private.

This can be convenient for tourists who may not have a local bank account. However, the convenience comes at a cost: Bitcoin ATMs charge quite high fees and exchange spreads. It’s common to see about 5%–10% in fees per purchase at an ATM, meaning your €100 cash might only get you perhaps €90 worth of Bitcoin.

Always check the displayed rate and fee at the ATM screen before confirming. Additionally, ATMs have limits (sometimes a few hundred euros for unverified users). To use a Bitcoin ATM, you’ll also need a Bitcoin wallet ready to receive the coins – the machine will either scan your wallet QR code or help you create a paper wallet.

In summary, ATMs are a quick way to get Bitcoin for cash, suitable for small amounts or for those who cannot use other payment methods, but use them sparingly due to the high fees.

How much Bitcoin do you get for $100 USD?

First, it’s important to know the current exchange rate. As of mid-2025, the price of Bitcoin is roughly around $110,000 USD per 1 BTC (Bitcoin’s price can fluctuate, but we’ll use this round figure for our example).

At this rate, $100 would equate to approximately 0.00090 BTC (90 one-hundred-thousandths of a bitcoin). In fact, Coinbase’s price converter on July 9, 2025 shows that $1 = 0.00000900 BTC, so by extension $100 = 0.000900 BTC (before any fees).

However, when you actually buy BTC with $100, you typically won’t get the full 0.000900 BTC because of fees and spreads taken by the exchange or service.

Final Tips

Buying Bitcoin in Portugal in 2025 is a straightforward process. The country’s legal framework is friendly, allowing anyone to participate in the crypto market with confidence that it’s lawful.

Residents benefit from zero tax on long-term holdings, and even short-term traders have a clear flat tax rate. Tourists and visitors can also jump in easily using global platforms or local ATMs, just keeping an eye on fees and exchange rates.

When choosing a platform to buy BTC, consider convenience vs. cost: a quick credit card purchase might be easiest but carries higher fees, whereas a bank transfer and trade on an exchange can save money if you’re patient.

Always use reputable exchanges or services and consider moving BTC to a personal wallet you control for security (especially if it’s a significant amount).