Spain, or España as the natives call it, has become a hub for freelancers and digital nomads navigating the international waters of remote payments.

That’s where USD Coin (USDC) comes in — a modern, stable financial solution that lets you focus on work, leaving behind the hassles of traditional banking.

Here's how to convert foreign currencies to USDC in Spain.

Also read: How to receive and convert foreign currencies to USDC

Why convert foreign payments to USDC as a freelancer in Spain?

Converting payments to USDC offers several advantages:

• Stability: As a stablecoin, USDC is tied to the U.S. dollar, shielding freelancers from cryptocurrency volatility.
• Lower fees: USDC transactions are often cheaper than traditional international transfers.
• Fast access to funds: Blockchain ensures near-instant processing, meaning freelancers don’t have to wait long for their money.
• Flexible conversions: You can hold USDC to take advantage of favourable exchange rates or convert it to euros (EUR) as needed.

Also read: How to receive and convert foreign currencies to USDC in Germany

How to receive and convert foreign currency to USDC

Grey offers a seamless way to receive and convert foreign currencies into USDC. Here's how:

Open the Grey app

Log in to your Grey account via the app or website to securely access your USD and other currency balances.

Select your USD balance

Navigate to the “Accounts” section and select your USD balance to initiate a USDC transfer.

Tap “Send via crypto”

Select “Send money,” then choose “Send via crypto” to begin the process of sending USDC.

Enter transaction details

Carefully input the recipient’s wallet address and choose the correct network (Solana or Binance Smart Chain) to ensure a successful transfer.

Input the transfer amount and review the details

Enter the amount of USDC to send. Double-check all information, including the wallet address and network, before proceeding.

Confirm and complete the transfer

Once all details are verified, tap “Send” to complete the transaction. Grey will request two-factor authentication (2FA) for added security.

Transaction success

The recipient will receive the USDC shortly after processing. They can hold it, convert it to local currency, or use it for other purposes.

Also read: How to receive dollar payments and convert to USDC in Cyprus

How to convert USDC to euros (EUR)

To convert USDC to euros, use a crypto exchange or local service supporting USDC-to-EUR transactions. Some platforms offer direct conversions, while others may require intermediate steps involving USD or BTC.

What are the considerations for freelancers holding and converting USDC?

While holding USDC is convenient, here are a few factors to consider:

• Network compatibility: Ensure the network used for USDC matches your wallet and the conversion service you use.
• Fee awareness: Although USDC transactions generally have low fees, network charges can vary.
• Tax compliance: Spain treats cryptocurrencies as taxable assets. Consult a tax advisor to ensure compliance with local regulations.

Also read: How to receive dollar payments and convert to USDC in Norway

Using Grey to simplify USDC management

With Grey, you can send USDC to supported wallets, manage funds with ease, and take advantage of robust security measures like two-factor authentication (2FA).

Create your Grey account today to unlock the full potential of USDC as a freelancer in Spain.

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