P2P on Binance and Spain: how to declare P2P operations in the IRPF

P2P trading on Binance or other platforms has tax implications in Spain.

Equipo kointax·November 4, 2025·6 min read

P2P on Binance and Spain: tax treatment

Buyer: Acquiring crypto = not a taxable event (sets acquisition cost)

Seller (P2P): Selling crypto = same as selling on regular exchange = capital gain/loss with FIFO

Professional P2P (systematic arbitrage): May be classified as business income (higher rate)

kointax imports Binance P2P history (API or CSV) and correctly classifies each P2P sale.

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