{"id":7298,"date":"2021-02-01T17:07:52","date_gmt":"2021-02-01T16:07:52","guid":{"rendered":"https:\/\/etl-ilia.es\/crypto-tax\/preguntas-frecuentes\/"},"modified":"2022-04-25T14:31:21","modified_gmt":"2022-04-25T12:31:21","slug":"faq","status":"publish","type":"page","link":"https:\/\/etl-ilia.es\/en\/crypto-taxes-in-spain\/faq\/","title":{"rendered":"Preguntas frecuentes"},"content":{"rendered":"<p><div class=\"fusion-bg-parallax\" data-bg-align=\"left center\" data-direction=\"up\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.3\" data-mobile-enabled=\"true\" data-break_parents=\"0\" data-bg-image=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/ilia-consulting-oficinas10.jpg\" data-bg-repeat=\"false\" data-bg-color=\"#555555\" data-blend-mode=\"multiply\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-up nonhundred-percent-fullwidth non-hundred-percent-height-scrolling lazyload\" style=\"--awb-background-position:left center;--awb-background-blend-mode:multiply;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:80px;--awb-padding-bottom:30px;--awb-margin-top:0px;--awb-margin-bottom:50px;--awb-background-color:#555555;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2020\/01\/ilia-consulting-oficinas10.jpg\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_6 1_6 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:16.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:11.52%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:11.52%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:15px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInDown\" data-animationDuration=\"0.6\" data-animationOffset=\"top-mid-of-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:35px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:35px;--awb-margin-left-small:0px;--awb-font-size:30px;\"><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:30;line-height:1.4;\"><p><strong>Cryptocurrency Taxes<\/strong>:<br \/>\nFrequently Asked Questions<\/p><\/h1><\/div><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:18px;\"><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:18;--minFontSize:18;line-height:1.3;\"><p>We solve all the doubts you may have about <strong>Taxation of Cryptocurrencies<\/strong>.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 515px; top: 38px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div><\/h2><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_6 1_6 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:16.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:11.52%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:15px;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" id=\"toc\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-bg-size:cover;--awb-border-color:#5c5c5c;--awb-border-top:0;--awb-border-right:0;--awb-border-bottom:0;--awb-border-left:0;--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-spacing-right-small:0px;--awb-spacing-left-small:0px;\" data-animationType=\"fadeInUp\" data-animationDuration=\"0.5\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:13px;--awb-content-font-size:16px;--awb-icon-alignment:right;--awb-hover-color:#f9f9f9;--awb-border-color:#5c5c5c;--awb-background-color:#ffffff;--awb-divider-color:#e0dede;--awb-divider-hover-color:#e0dede;--awb-icon-color:#ffffff;--awb-title-color:#169e8c;--awb-content-color:#666666;--awb-icon-box-color:#333333;--awb-toggle-hover-accent-color:#5c5c5c;--awb-title-font-family:&quot;Lora&quot;;--awb-title-font-weight:400;--awb-title-font-style:normal;--awb-content-font-family:&quot;Oxygen&quot;;--awb-content-font-style:normal;--awb-content-font-weight:400;\" id=\"toc-toggle\"><div class=\"panel-group fusion-toggle-icon-right fusion-toggle-icon-boxed\" id=\"accordion-7298-1\"><div class=\"fusion-panel panel-default toc panel-8b015f978e3c13513 fusion-toggle-no-divider fusion-toggle-boxed-mode\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_8b015f978e3c13513\"><a class=\"active\" aria-expanded=\"true\" aria-controls=\"8b015f978e3c13513\" role=\"button\" data-toggle=\"collapse\" data-target=\"#8b015f978e3c13513\" href=\"#8b015f978e3c13513\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">Frequently Asked Questions<\/span><\/a><\/h4><\/div><div id=\"8b015f978e3c13513\" class=\"panel-collapse collapse in\" aria-labelledby=\"toggle_8b015f978e3c13513\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<ul>\n<li><a href=\"#definition-origin-types-and-characteristics-of-cryptocurrencies\">Definition, origin, types and characteristics of cryptocurrencies<\/a><\/li>\n<li><a href=\"https:\/\/etl-ilia.es\/en\/form-720-spain\/faq\/#use-of-cryptocurrencies\">Use of cryptocurrencies<\/a><\/li>\n<li><a href=\"#taxation-of-cryptocurrencies\">Taxation of cryptocurrencies<\/a><\/li>\n<li><a href=\"#cryptocurrency-value\">Cryptocurrency value<\/a><\/li>\n<li><a href=\"#cryptocurrency-security\">Cryptocurrency security<\/a><\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling titulo-microsite-container\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 titulo-microsite\"><p style=\"text-align: center; margin-top: 28px;\"><a href=\"https:\/\/etl-ilia.es\/en\/crypto-tax\/\" target=\"_blank\" rel=\"noopener\">CRYPTO TAX<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling post-toc\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:20px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-bottom:30px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#169e8c;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:25px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:25;line-height:1.3;\"><div id=\"definition-origin-types-and-characteristics-of-cryptocurrencies\" class=\"anchor\"><\/div>\n<p>Definition, origin, types and characteristics of cryptocurrencies<\/h2><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-1 .fusion-panel { border-color:#e0dede; }.fusion-faqs-wrapper #accordian-1 .fusion-panel:hover{ border-color: #e0dede; }.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box:before{ font-size: 13px;width: 13px;}.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian #accordian-1.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 31px;}.fusion-accordian  #accordian-1 .panel-title a{font-size:15px;font-family:\"Lora\";font-style:normal;font-weight:400;}.fusion-accordian  #accordian-1 .panel-title a:not(:hover){}.fusion-accordian  #accordian-1 .toggle-content{font-family:\"Oxygen\";font-style:normal;font-weight:400;}.fusion-accordian #accordian-1 .fa-fusion-box { background-color: #333333 !important;border-color: #333333 !important;}.fusion-accordian #accordian-1 .panel-title a:hover,.fusion-accordian #accordian-1 .panel-title a.hover { color: #169e8c;}.fusion-faq-shortcode .fusion-accordian #accordian-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: #169e8c;}.fusion-accordian #accordian-1 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a.hover .fa-fusion-box { background-color: #169e8c!important;border-color: #169e8c!important;}<\/style><div class=\"fusion-faq-shortcode faqs\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-1\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7398 types-and-characteristics-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">What are cryptocurrencies?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:01:59+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-7398\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-7398\" href=\"#collapse-1-7398\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What are cryptocurrencies?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-7398\" aria-labelledby=\"faq_1-7398\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Cryptocurrencies are digital currencies that serve as exchange currencies for conducting transactions on the Internet.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7401 types-and-characteristics-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">What origin do they have?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:06:00+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-7401\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-7401\" href=\"#collapse-1-7401\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What origin do they have?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-7401\" aria-labelledby=\"faq_1-7401\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The origin of cryptocurrencies dates back to 2009. Satoshi Nakamoto created Bitcoin with software, but it is still unknown who is behind the creator&#8217;s name.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7403 types-and-characteristics-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">What characteristics do cryptocurrencies have?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:38:32+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-7403\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-7403\" href=\"#collapse-1-7403\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What characteristics do cryptocurrencies have?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-7403\" aria-labelledby=\"faq_1-7403\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><ul>\n<li>They are decentralised since any bank does not control them.<\/li>\n<li>They work through a chain of blocks (Blockchain).<\/li>\n<li>They are safe.<\/li>\n<li>They make transactions cheaper because there are no intermediaries.<\/li>\n<li>Payments are very fast.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7405 types-and-characteristics-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">What types are there?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:09:53+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-7405\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-7405\" href=\"#collapse-1-7405\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What types are there?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-7405\" aria-labelledby=\"faq_1-7405\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The best known is the Bitcoin, but other cryptocurrencies are Etherum, Ripple, Litecoin or Dash.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7407 types-and-characteristics-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">What is Bitcoin?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:12:12+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_1-7407\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-7407\" href=\"#collapse-1-7407\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is Bitcoin?<\/div><\/a><\/h4><\/div><div id=\"collapse-1-7407\" aria-labelledby=\"faq_1-7407\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Bitcoin is a type of cryptocurrency, a completely digital currency. It was the first cryptocurrency to be launched without the control from a bank, state, or other intermediaries.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-bottom:30px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#169e8c;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:25px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:25;line-height:1.3;\"><div id=\"use-of-cryptocurrencies\" class=\"anchor\"><\/div>\n<p>Use of cryptocurrencies<\/h2><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-2 .fusion-panel { border-color:#e0dede; }.fusion-faqs-wrapper #accordian-2 .fusion-panel:hover{ border-color: #e0dede; }.fusion-accordian #accordian-2 .panel-title a .fa-fusion-box:before{ font-size: 13px;width: 13px;}.fusion-accordian #accordian-2 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian #accordian-2.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 31px;}.fusion-accordian  #accordian-2 .panel-title a{font-size:15px;font-family:\"Lora\";font-style:normal;font-weight:400;}.fusion-accordian  #accordian-2 .panel-title a:not(:hover){}.fusion-accordian  #accordian-2 .toggle-content{font-family:\"Oxygen\";font-style:normal;font-weight:400;}.fusion-accordian #accordian-2 .fa-fusion-box { background-color: #333333 !important;border-color: #333333 !important;}.fusion-accordian #accordian-2 .panel-title a:hover,.fusion-accordian #accordian-2 .panel-title a.hover { color: #169e8c;}.fusion-faq-shortcode .fusion-accordian #accordian-2 .fusion-toggle-boxed-mode:hover .panel-title a { color: #169e8c;}.fusion-accordian #accordian-2 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-2 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-2 .panel-title a.hover .fa-fusion-box { background-color: #169e8c!important;border-color: #169e8c!important;}<\/style><div class=\"fusion-faq-shortcode faqs\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-2\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7409 use-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">How are cryptocurrencies used?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-09-13T15:03:55+02:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-7409\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-7409\" href=\"#collapse-2-7409\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How are cryptocurrencies used?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-7409\" aria-labelledby=\"faq_2-7409\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Cryptocurrencies can be used in several ways:<\/p>\n<ul>\n<li><strong>Trader<\/strong>. A trader is a person who acquires cryptocurrencies and pays for them with his money. The acquisition is made through an Internet platform called an exchange. The investor buys and waits for the value to rise to sell again.<\/li>\n<li><strong>Mining.<\/strong> In this case, a person uses a computer to validate and process transactions with cryptocurrencies and receives remuneration also in cryptocurrencies for that work.<\/li>\n<li><strong>Br\u00f3ker<\/strong>. In this case, a person receives money from another to invest in cryptocurrencies in exchange for a commission.<\/li>\n<li><strong>Purchase of products or services.<\/strong> Cryptocurrencies can also be used as a standard currency to buy products and services.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7411 use-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">How are cryptocurrencies bought?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-09-13T15:03:45+02:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_2-7411\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-2\" data-target=\"#collapse-2-7411\" href=\"#collapse-2-7411\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How are cryptocurrencies bought?<\/div><\/a><\/h4><\/div><div id=\"collapse-2-7411\" aria-labelledby=\"faq_2-7411\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>There are several secure platforms to buy, sell, transfer and store digital currencies. It is important to analyse the commissions that each one charges and the platform&#8217;s security before choosing.<\/p>\n<p>The process is simple:<\/p>\n<ul>\n<li>An account is created.<\/li>\n<li> You provide your data (ID, telephone, photo, address and tax).<\/li>\n<li>You deposit the amount you want with a credit or debit card, PayPal or transfer.<\/li>\n<li>With that amount, you buy the cryptocurrencies you want.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-bottom:30px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#169e8c;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:25px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:25;line-height:1.3;\"><div id=\"taxation-of-cryptocurrencies\" class=\"anchor\"><\/div>\n<p>Taxation of cryptocurrencies<\/h2><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-3 .fusion-panel { border-color:#e0dede; }.fusion-faqs-wrapper #accordian-3 .fusion-panel:hover{ border-color: #e0dede; }.fusion-accordian #accordian-3 .panel-title a .fa-fusion-box:before{ font-size: 13px;width: 13px;}.fusion-accordian #accordian-3 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian #accordian-3.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 31px;}.fusion-accordian  #accordian-3 .panel-title a{font-size:15px;font-family:\"Lora\";font-style:normal;font-weight:400;}.fusion-accordian  #accordian-3 .panel-title a:not(:hover){}.fusion-accordian  #accordian-3 .toggle-content{font-family:\"Oxygen\";font-style:normal;font-weight:400;}.fusion-accordian #accordian-3 .fa-fusion-box { background-color: #333333 !important;border-color: #333333 !important;}.fusion-accordian #accordian-3 .panel-title a:hover,.fusion-accordian #accordian-3 .panel-title a.hover { color: #169e8c;}.fusion-faq-shortcode .fusion-accordian #accordian-3 .fusion-toggle-boxed-mode:hover .panel-title a { color: #169e8c;}.fusion-accordian #accordian-3 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-3 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-3 .panel-title a.hover .fa-fusion-box { background-color: #169e8c!important;border-color: #169e8c!important;}<\/style><div class=\"fusion-faq-shortcode faqs\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-3\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7413 taxation-of-cryptocurrencies \"><span class=\"entry-title rich-snippet-hidden\">How are cryptocurrencies taxed?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:47:54+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_3-7413\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-3\" data-target=\"#collapse-3-7413\" href=\"#collapse-3-7413\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How are cryptocurrencies taxed?<\/div><\/a><\/h4><\/div><div id=\"collapse-3-7413\" aria-labelledby=\"faq_3-7413\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The taxation of cryptocurrencies in Spain by individuals depends on how they are used:<\/p>\n<ul>\n<li><strong>Trader<\/strong>.\n<ul>\n<li>When you sell the cryptocurrencies in your possession, a capital gain or loss may arise that must be declared in personal income tax. The capital gain will be integrated into the IRPA savings base, and the percentage to be applied will vary between 19% and 26%. On the other hand, the capital loss may be offset with the gains, and if there are none in that year, it will be compensated in the returns for the following four years.<\/li>\n<li>Suppose the platform on which the cryptocurrencies are purchased pays interest. In that case, these are considered income from movable capital in personal income tax and must be included in the savings tax base.<\/li>\n<li>In the case that the platform rewards the client when it recommends another client, two issues may occur:\n<ul>\n<li>There is a working relationship between the client and the platform: performance is work performance.<\/li>\n<li>There is a commercial relationship: the performance is considered to derive from economic activity.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Mining<\/strong>. Cryptocurrency mining is an economic activity, and the returns obtained must be added to the general tax base. The miner may deduct the expenses associated with his action. To perform cryptocurrency mining, a series of requirements must be met:\n<ul>\n<li>Registration with the IAE with Form 036 or 037.<\/li>\n<li>Registration with the RETA.<\/li>\n<li>Presentation of Form 130 (payments on account of personal income tax) and the annual summary through form 190.<\/li>\n<li>Registration in the Register of Intra-Community Operators (ROI)<\/li>\n<li>Presentation of Form 347 (informative declaration of operations with third parties).<\/li>\n<\/ul>\n<\/li>\n<li><strong>Br\u00f3ker<\/strong>. In this case, it is an economic activity, and it is taxed in that way in personal income tax. Regarding VAT, the exemption provided for the mediation of financial services is applied if it meets specific requirements:\n<ul>\n<li>The mediator or need to contact investors with the entity to sign contracts.<\/li>\n<li>The mediator will have the ability to negotiate and advise on behalf of the investor.<\/li>\n<li>The recruitment of clients by the mediator must be active.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>On the other hand, cryptocurrencies can have an impact on other taxes:<\/p>\n<ul>\n<li><strong>Tax on wealth<\/strong>. If a natural person has cryptocurrencies, and the total value of their assets exceeds the exempt minimums established in each autonomous community for Wealth Tax, it must be declared. To set the value of cryptocurrencies for the tax, their value as of December 31 of the year to be declared must be considered.<\/li>\n<li><strong>Form 720.<\/strong> If the valuation of the cryptocurrencies exceeds 50,000 euros, this Informative Form must be presented.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-bottom:30px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#169e8c;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:25px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:25;line-height:1.3;\"><div id=\"cryptocurrency-value\" class=\"anchor\"><\/div>\n<p>Cryptocurrency value<\/h2><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-4 .fusion-panel { border-color:#e0dede; }.fusion-faqs-wrapper #accordian-4 .fusion-panel:hover{ border-color: #e0dede; }.fusion-accordian #accordian-4 .panel-title a .fa-fusion-box:before{ font-size: 13px;width: 13px;}.fusion-accordian #accordian-4 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian #accordian-4.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 31px;}.fusion-accordian  #accordian-4 .panel-title a{font-size:15px;font-family:\"Lora\";font-style:normal;font-weight:400;}.fusion-accordian  #accordian-4 .panel-title a:not(:hover){}.fusion-accordian  #accordian-4 .toggle-content{font-family:\"Oxygen\";font-style:normal;font-weight:400;}.fusion-accordian #accordian-4 .fa-fusion-box { background-color: #333333 !important;border-color: #333333 !important;}.fusion-accordian #accordian-4 .panel-title a:hover,.fusion-accordian #accordian-4 .panel-title a.hover { color: #169e8c;}.fusion-faq-shortcode .fusion-accordian #accordian-4 .fusion-toggle-boxed-mode:hover .panel-title a { color: #169e8c;}.fusion-accordian #accordian-4 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-4 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-4 .panel-title a.hover .fa-fusion-box { background-color: #169e8c!important;border-color: #169e8c!important;}<\/style><div class=\"fusion-faq-shortcode faqs\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-4\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7423 cryptocurrency-value \"><span class=\"entry-title rich-snippet-hidden\">What value do they have?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:50:31+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_4-7423\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-4\" data-target=\"#collapse-4-7423\" href=\"#collapse-4-7423\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What value do they have?<\/div><\/a><\/h4><\/div><div id=\"collapse-4-7423\" aria-labelledby=\"faq_4-7423\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The value of cryptocurrencies depends on the purchase and sale operations programmed by the people who want to buy or sell these virtual currencies; that is, the value depends on the supply and demand of cryptocurrencies.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7425 cryptocurrency-value \"><span class=\"entry-title rich-snippet-hidden\">What factors influence the value of cryptocurrencies?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:51:59+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_4-7425\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-4\" data-target=\"#collapse-4-7425\" href=\"#collapse-4-7425\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What factors influence the value of cryptocurrencies?<\/div><\/a><\/h4><\/div><div id=\"collapse-4-7425\" aria-labelledby=\"faq_4-7425\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><ul>\n<li>The purchase and sale operations that are carried out.<\/li>\n<li>The agreements that the miners may reach regarding the price.<\/li>\n<li>The trust of users in its value.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7427 cryptocurrency-value \"><span class=\"entry-title rich-snippet-hidden\">Does the value of cryptocurrencies vary a lot?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:53:33+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_4-7427\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-4\" data-target=\"#collapse-4-7427\" href=\"#collapse-4-7427\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Does the value of cryptocurrencies vary a lot?<\/div><\/a><\/h4><\/div><div id=\"collapse-4-7427\" aria-labelledby=\"faq_4-7427\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The cryptocurrencies are highly volatile, and maybe an investment today is worth thousands of dollars\u2019 worth only a few hundred tomorrow. For example, Bitcoin has gone from being worth a few cents at the beginning to $1,000 in 2013 or $230 in 2015.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-animated small-column\" style=\"--awb-padding-bottom:30px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeInLeft\" data-animationDuration=\"0.3\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#169e8c;--awb-margin-bottom:20px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:20px;--awb-margin-left-small:0px;--awb-font-size:25px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;font-size:1em;--fontSize:25;line-height:1.3;\"><div id=\"cryptocurrency-security\" class=\"anchor\"><\/div>\n<p>Cryptocurrency security<\/h2><\/div><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-5 .fusion-panel { border-color:#e0dede; }.fusion-faqs-wrapper #accordian-5 .fusion-panel:hover{ border-color: #e0dede; }.fusion-accordian #accordian-5 .panel-title a .fa-fusion-box:before{ font-size: 13px;width: 13px;}.fusion-accordian #accordian-5 .panel-title a .fa-fusion-box{ color: #ffffff;}.fusion-accordian #accordian-5.fusion-toggle-icon-right .fusion-toggle-heading{ margin-right: 31px;}.fusion-accordian  #accordian-5 .panel-title a{font-size:15px;font-family:\"Lora\";font-style:normal;font-weight:400;}.fusion-accordian  #accordian-5 .panel-title a:not(:hover){}.fusion-accordian  #accordian-5 .toggle-content{font-family:\"Oxygen\";font-style:normal;font-weight:400;}.fusion-accordian #accordian-5 .fa-fusion-box { background-color: #333333 !important;border-color: #333333 !important;}.fusion-accordian #accordian-5 .panel-title a:hover,.fusion-accordian #accordian-5 .panel-title a.hover { color: #169e8c;}.fusion-faq-shortcode .fusion-accordian #accordian-5 .fusion-toggle-boxed-mode:hover .panel-title a { color: #169e8c;}.fusion-accordian #accordian-5 .panel-title .active .fa-fusion-box,.fusion-accordian #accordian-5 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-5 .panel-title a.hover .fa-fusion-box { background-color: #169e8c!important;border-color: #169e8c!important;}<\/style><div class=\"fusion-faq-shortcode faqs\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group  fusion-toggle-icon-right\" id=\"accordian-5\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7429 cryptocurrency-security \"><span class=\"entry-title rich-snippet-hidden\">Who backs cryptocurrencies?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:55:05+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_5-7429\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-5\" data-target=\"#collapse-5-7429\" href=\"#collapse-5-7429\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who backs cryptocurrencies?<\/div><\/a><\/h4><\/div><div id=\"collapse-5-7429\" aria-labelledby=\"faq_5-7429\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Cryptocurrencies are not backed by a bank or by a State; the support is obtained from the supply and demand in the market and acceptance as a means of payment in shops and platforms.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7431 cryptocurrency-security \"><span class=\"entry-title rich-snippet-hidden\">What is the Blockchain?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:56:54+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_5-7431\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-5\" data-target=\"#collapse-5-7431\" href=\"#collapse-5-7431\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the Blockchain?<\/div><\/a><\/h4><\/div><div id=\"collapse-5-7431\" aria-labelledby=\"faq_5-7431\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The Blockchain or chain of blocks is the technology that sustains cryptocurrencies. This technology allows controlling all the cryptocurrencies that circulate and the operations that are carried out.<\/p>\n<p>Each cryptocurrency has its Blockchain and its registry, which has a ledger function, among others.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-7434 cryptocurrency-security \"><span class=\"entry-title rich-snippet-hidden\">Are cryptocurrencies safe?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/etl-ilia.es\/en\/author\/mireia\/\" title=\"Posts by ETL ILIA\" rel=\"author\">ETL ILIA<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2021-02-08T12:59:00+01:00<\/span><div class=\"panel-heading\"><h4 id=\"faq_5-7434\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-5\" data-target=\"#collapse-5-7434\" href=\"#collapse-5-7434\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Are cryptocurrencies safe?<\/div><\/a><\/h4><\/div><div id=\"collapse-5-7434\" aria-labelledby=\"faq_5-7434\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>This is one of the most critical questions that investors in digital currencies often ask themselves. Cryptocurrencies are relatively safe thanks to blockchain technology, but hackers can attack them. For this reason, it is essential to choose secure platforms to buy or store digital currencies.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container has-pattern-background has-mask-background fusion-parallax-fixed nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility lazyload\" style=\"--awb-background-blend-mode:screen;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:0px;--awb-background-color:#c9c9c9;--awb-background-size:cover;--awb-flex-wrap:wrap;background-attachment:fixed;\" data-bg=\"https:\/\/etl-ilia.es\/wp-content\/uploads\/2019\/12\/ilia-consultoria-etl-global-oficinas-02.jpg\" id=\"contacto\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" 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h=d.getElementsByTagName('script')[0];h.parentNode.insertBefore(s,h);})(window,document,'https:\/\/cdn.bitrix24.es\/b16501187\/crm\/form\/loader_20.js');<\/script><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_4 1_4 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:25%;--awb-margin-top-large:0px;--awb-spacing-right-large:7.68%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:7.68%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-block\"><\/div><\/div><\/div><\/div>\n<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling modals\" 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fusion-content-layout-column\"><div class=\"fusion-modal modal fade modal-1 share share-modal\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"modal-heading-1\" aria-hidden=\"true\" style=\"--awb-border-color:#ebebeb;--awb-background:#f6f6f6;\"><div class=\"modal-dialog modal-lg\" role=\"document\"><div class=\"modal-content fusion-modal-content\"><div class=\"modal-header\"><button class=\"close\" type=\"button\" data-dismiss=\"modal\" aria-hidden=\"true\" aria-label=\"Close\">&times;<\/button><h3 class=\"modal-title\" id=\"modal-heading-1\" data-dismiss=\"modal\" aria-hidden=\"true\">Share:<\/h3><\/div><div class=\"modal-body fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:calc( 1200px + 0px );margin-left: calc(-0px \/ 2 );margin-right: calc(-0px \/ 2 );\"><\/div><\/div>\n<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":0,"parent":6500,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-7298","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cryptocurrency Taxes, Frequently Asked Questions | ETL ILIA<\/title>\n<meta name=\"description\" content=\"Answers To The Frequently Asked Questions About Cryptocurrency Taxes: Should You Include Them In Your Personal Income Tax? 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