Binance P2P trading in Spain: taxes
P2P is fully taxable: The method of buying/selling (P2P vs centralized exchange) doesn't affect tax treatment.
Taxable events:
- P2P buy: NOT taxable; purchase price (+ P2P fee) = acquisition cost
- P2P sell: Capital gain/loss (sale price - FIFO acquisition cost)
- P2P swap (BTC for ETH): Deemed sale of BTC + new acquisition cost for ETH
Bank transfer alerts: Spanish banks report suspicious transactions. P2P transfers may trigger anti-tax evasion flags.
Recording P2P: Binance P2P included in Binance export history → imported by kointax. Other platforms = manual entry.