{"id":14662,"date":"2023-01-18T01:24:51","date_gmt":"2023-01-18T01:24:51","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=14662"},"modified":"2022-07-30T01:35:01","modified_gmt":"2022-07-30T01:35:01","slug":"the-cheapest-option-to-buy-bitcoin-in-spain","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/the-cheapest-option-to-buy-bitcoin-in-spain","title":{"rendered":"Is Bitnovo the cheapest option to buy Bitcoin in Spain? Take a look at this study"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/the-cheapest-option-to-buy-bitcoin-in-spain\/#platforms_and_methodology\" >Platforms and methodology<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/the-cheapest-option-to-buy-bitcoin-in-spain\/#which_platform_is_the_cheapest_to_buy_bitcoin\" >Which platform is the cheapest to buy Bitcoin?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/the-cheapest-option-to-buy-bitcoin-in-spain\/#the_results_of_the_analysis\" >The results of the analysis<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p><span style=\"font-weight: 400;\">For some months now we have had a slight suspicion or, to be more formal, a hypothesis: <strong>if you buy \u20ac100 of Bitcoin in Bitnovo, you receive more BTC than in any of the most used platforms in Spain.<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">One day we decided to test and use the platforms of other cryptoasset service providers to confirm if our hypothesis was valid. Here is the research conducted and its results.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"platforms_and_methodology\"><\/span><b>Platforms and methodology<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">We have conducted the study analyzing different platforms both nationally and internationally such as:<strong> Coinbase, Bit2me, Binance and Crypto.com<\/strong>. The procedure to make the analysis was <strong>identical among all platforms and the 5 purchases were made in a margin of less than 5 minute<\/strong>s. The methodology was as follows:<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">1- A purchase of Bitcoin (BTC) is made with a credit card for a total amount of 100\u20ac.<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"font-weight: 400;\">2- If the platform is in <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/differences-between-custodial-vs-non-custodial-wallets\">custody<\/a>, the Bitcoins are withdrawn and sent to the user&#8217;s Wallet to see how much BTC the buyer really gets.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"which_platform_is_the_cheapest_to_buy_bitcoin\"><\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b>Which platform is the cheapest to buy Bitcoin?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">We proceeded to buy \u20ac100 of Bitcoin on each platform and below, we show you the results. If you want to see the step-by-step of each purchase, including images, you can download the study <a href=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/07\/Comparativa-de-compras.pdf\">here<\/a>.<\/span><\/p>\n<p><b>Coinbase<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We bought 100\u20ac in BTC and the total amount received once withdrawn to the wallet is <\/span><b>0,00356316 BTC<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">.<\/span><\/span><\/li>\n<\/ul>\n<p><b>Bit2me<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We bought 100\u20ac in BTC and the total amount received once withdrawn to the wallet is <\/span><b>0,00357175 BTC<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">.<\/span><\/span><\/li>\n<\/ul>\n<p><b>Binance<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We bought 100\u20ac in BTC and the total amount received once withdrawn to the wallet is <\/span><b><b>0,00341519 BTC.<\/b><\/b><\/li>\n<\/ul>\n<p><b>Crypto.com<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">We bought 100\u20ac in BTC and the total amount received once withdrawn to the wallet is <\/span><b>0,00306260 BTC<\/b><span style=\"font-weight: 400;\">.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<p><b>Bitnovo<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">We bought 100\u20ac in BTC and the total amount received in the wallet is<\/span>\u00a00,00358214 BTC<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"the_results_of_the_analysis\"><\/span><b>The results of the analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In this image you can see the results of our study, where we conclude that <strong>Bitnovo&#8217;s platform is the one with which we have received the most BTC in the wallet<\/strong>, followed by Bit2me (-0.29%), Coinbase (-0.53%), Binance (-4.66%) and Crypto.com (-14.50%).<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-14421 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/07\/FINALCUADRO.jpg\" alt=\"cuadro-comparativo\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/07\/FINALCUADRO.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/07\/FINALCUADRO-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Without a doubt, this comparison shows that<strong> we have the lowest commissions<\/strong> and that the companies that custody your funds, when it comes down to it, and as the saying goes: cheap is expensive.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Having the best prices is not only a competitive advantage for our company, it is also another sign that we are doing a great job in <strong>facilitating access to cryptocurrencies to the general public.<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">We must emphasize, without talking only about Bitnovo, that it is an important milestone that<strong> the two most important Spanish companies in the sector have the best prices<\/strong> and are the fastest in delivering cryptos, comparing them on an equal footing with international unicorns.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">If you want to download the complete study, you can do so <a href=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2022\/07\/Comparativa-de-compras.pdf\">here<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>For some months now we have had a slight suspicion or, to be more formal, a hypothesis: if you buy \u20ac100 of Bitcoin in Bitnovo, you receive more BTC than in any of the most used platforms in Spain. One day we decided to test and use the platforms of other cryptoasset service providers to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[331],"tags":[],"class_list":["post-14662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitnovo-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/14662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=14662"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/14662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/14375"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=14662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=14662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=14662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}