Binance alternatives in Spain after MiCA (2026)

Binance withdrew its application for a licence under MiCA — the EU crypto-assets regulation — on 24 June 2026, six days before the transitional regime closed, and on 1 July it stopped serving its users in Spain, France, Italy and Poland. Anyone with an account there was handed a move they had not asked for, and two questions in a row: where to take the coins, and what that will cost on the Renta, the annual income tax return. Both have answers. The register of authorised providers that we import from ESMA every night contains, as of the review date (3 September 2026), 330 entities, and 185 of them declare that they serve Spain. Binance does not appear among them under any subsidiary. This page sets out what happened, what to do with the balance still sitting there, which authorised platforms cover each case, and what the Agencia Tributaria, the Spanish tax authority, notes down while you move.

What happened with Binance, and since when?

The European MiCA regulation replaced the national registers with a single authorisation: a firm that obtains it in one member state may operate in all twenty-seven, and a firm that does not have it may operate in none. The transitional regime — the one that let platforms already registered carry on while their own application was processed — ended on 30 June 2026.

Binance filed its application in January 2026 through a subsidiary in Greece. On 16 June, Reuters reported that the Greek supervisor, the HCMC, was going to reject it. Eight days later, on 24 June, the company withdrew the request and told its users in Spain, France, Italy and Poland that it would stop serving them from 1 July.

The company says it is confident of obtaining authorisation in another member state "in the coming months". It has not said which, or when. Until that happens, what there is is a verifiable fact: it does not appear in the ESMA register, neither under that brand nor as any other entity. You can see it in our daily copy of that register, inside the list of providers authorised in Spain.

Two things that get mixed up a great deal are worth separating. A platform not being authorised does not make it a fraud: it may have withdrawn its application, have it in progress, or have decided not to operate in the European Union. What it does mean is that it cannot legally serve you here, and that if something goes wrong you do not have behind you the protection MiCA gives to the clients of an authorised entity.

What do I do with what I have on Binance?

Before moving a single euro, export the history. All of it: purchases, sales, swaps, fees, deposits and withdrawals, from the first transaction to the last. That CSV is the only proof of the price you paid for each coin, and it is exactly what the Agencia Tributaria asks for when the time comes to justify a gain. The day you close the account — or the day it is closed on you — the file stops being within your reach, and reconstructing five years of transactions from memory cannot be done.

With the history saved there are two ways out, and they do not cost the same.

• Withdraw the coins to a wallet of your own or to another platform. This is not a disposal (transmisión): what changes is who has custody of them, not whose they are. There is no gain to declare and none of your old purchases is used up. Keep the proof of the transfer: the day you have to explain that movement, you will need to be able to show that both ends were yours.
• Sell for euros and take them out to the bank. That is a disposal, with its gain or its loss, and it goes into the return for the year in which you do it. Selling for convenience, so as not to deal with addresses and networks, is a tax decision dressed up as a logistical one.

There is a third that plenty of people take to be neutral and is not: swapping one coin for another, or moving the balance into a stablecoin, before you go. A swap (permuta) is a disposal, it is valued at the market price of the day and it is taxed exactly like a sale for euros, even though not a single euro has reached your account. If you are going to move the balance, move it as it is.

On the withdrawal itself, two details that cost money when they are taken as read. The fee depends on the network you choose, not on the coin you are sending, and the difference between two networks for the same coin can be several euros per transaction. And check beforehand that the destination platform accepts that particular network: sending to a correct address over a network the destination does not support is the most common way of losing coins without anyone having defrauded you. If the destination is a wallet of your own, hot wallets and cold wallets sets out the differences that matter before you pick one.

Which authorised platforms serve Spain?

The ones in this table appear in the ESMA register with service declared in Spain on 3 September 2026. The legal entity matters more than the commercial brand: the entity is what holds the licence, what answers for it and what appears on the register. Kraken is the perfect example, because it appears with two different entities and only one of them passports here.

The table carries no links, and that is deliberate. The links on this page come out of the "Where to open an account today" block, which is built by cross-checking our list against the register every time the page is drawn: if an entity loses its authorisation, it disappears on its own. A link written inside the text would still be alive, and that is precisely the failure that had this site advertising Binance for six weeks after it had gone.

One name that many people look up alongside Binance is missing, and for the same reason: Bitget has no entity on the register either. And being in the table says that a platform may operate legally, not that it is the best one for you; those are two different questions, and the second is answered by our comparison of platforms.

Which one suits my case?

The answer depends on why you were on Binance, which is almost never a single reason.

• You were there for the altcoin catalogue or for the derivatives. OKX, Bybit, KuCoin EU and Crypto.com are the ones that cover that ground with an authorised entity in the European Union. None of them reaches Binance's volume, and some small coins simply will not be there: the European catalogue is shorter, and it is worth checking yours before opening the account.
• You were there to buy with euros without complicating your life. Bit2Me has SEPA deposits, native support in Spanish and supervision by the CNMV. Its fees are mid-range, and that gap buys you a supervisor in Spain to complain to, and support in Spanish if that is a language you use.
• You were there for the cost per trade. Bitvavo has some of the lowest fees among those authorised in the European Union. If what you miss about Binance is the fee, it is the most direct replacement on the register today.
• You started recently and still get lost on the screen. Coinbase is the simplest, with the usual catch: its simple version charges high fees and spreads. Switch to advanced mode as soon as you understand what you are looking at; plenty of people never do, and pay over the odds for years.
• You buy and you do not touch it. Kraken has been operating since 2011 without losing customer funds in an attack, which in this sector is a short record to match. Check that you are opening the account with Payward Europe Solutions Limited: the brand's other entity, Payward Global Solutions Limited, does not serve Spain.

Nothing obliges you to choose only one. Splitting the balance between two authorised platforms and a wallet of your own means a little more admin and considerably less concentrated risk, and the tax calculation does not get any harder for it: as the next section shows, the Agencia Tributaria already treats all your coins of the same type as a single pool, wherever they are held.

What does this change on my tax return?

Moving platform does not create a new obligation, but it does move the paperwork you meet it with. Three rules order everything else.

Withdrawing is not taxed; selling is. Taking the coins out to a wallet of your own or to another exchange is not a disposal: article 37.2 of Spain's personal income tax act (the Ley del IRPF) and binding ruling V1550-25 are the basis for that reading. Selling for euros, swapping one coin for another and moving into a stablecoin are all three disposals. The detail is in the guide to crypto tax in Spain, and the mechanics of selling are in how to sell cryptocurrencies and get paid into your bank.

The FIFO queue does not stay behind at Binance. When you sell, the units deemed sold are the oldest ones you bought, and the pool is global per coin, with no split by platform. If you bought bitcoin on Binance in 2021 and sell it on Kraken next year, the acquisition price that counts is the 2021 one — the one in that CSV you exported before closing the account. That is the reason to keep everything. It reads better with your own numbers in front of you: the tax calculator applies that same criterion.

Form 721 (the modelo 721) looks at 31 December. It is an information return and only bites if the balance held in custody by platforms outside Spain exceeds €50,000 at the end of the year. Moving can cross that threshold in either direction without your having paid in a single euro, depending on where the balance ends up. If you are not sure, there is the form 721 checker.

One warning about DAC8 is left, because the opposite reading is going around and it is an expensive one. Since 2026, providers authorised in the European Union report their users' transactions to the national tax authorities, which exchange them with one another. A platform without a licence does not report, and that does not let you off anything: the obligation to declare is yours, not the platform's. Trading where nobody reports does not erase the gain — it only removes the reminder.

And if Binance gets the licence?

It could happen. The company says it is seeking one in another member state and has put neither a date nor a country on it. If it obtains one, it will appear in the ESMA register as soon as the relevant supervisor publishes it, and our list of platforms will show it again without anyone editing a line: that list is built from the register, not from whatever suits us to say.

That is why this page carries no verdict on Binance. There is none to give. The question "can it serve me in Spain?" has a public answer that changes by itself, and the sensible thing is to read it at source instead of trusting an article written months ago. For as long as the answer is no, carrying on trading there from Spain leaves you outside the framework MiCA was built precisely to protect you with.

What exactly should you not do?

• Carry on trading through a VPN. It is the most common reaction and the worst. You give up MiCA's protection, you breach the platform's own terms — which gives it grounds to block the account with the balance inside — and you are left with nobody to complain to. The day you need to get the money out will be the day you find out the price.
• Use a "replica" that is not authorised. Every time a big brand pulls out of a market, clones turn up with the same logo and a domain one letter different. Check the entity, not the brand, and check it on the register.
• Close the account without exporting the history. It is irreversible and it is what costs most. Without the acquisition price the gain cannot be worked out, and the person who has to be able to justify it is you.
• Move everything into a stablecoin "while you decide". It is a swap, it is taxed like a sale, and almost nobody who does it finds out until April the following year.
• Move to the first platform that comes up in the search results. Half the internet still recommends accounts that can no longer be opened in Spain, and a page that gets paid for that link takes months to correct it. The entity is checked on the register, and it is checked before opening the account, not afterwards.
• Leave everything inside the new platform. Changing custodian is not the same as being your own custodian. For what you are not going to touch for years, a wallet of your own.

The move has little intuition to it and a fair amount of paperwork: export the history, check the entity, choose the network, keep the receipts and note down whatever counts as a disposal. Done in that order it is an afternoon of admin and then it is over. Done in a hurry in April, with the account already closed, it is a gain you cannot justify.

This content is for information only and does not constitute financial advice.