Key Insights
- The world is becoming more and more open to crypto, which is great news for Bitcoin users who like to travel around.
- Regions like El Salvador, Singapore, Hong Kong and Switzerland are among the most friendly in the world.
- Canada and Panama are among the most friendly towards crypto in the Americas.
- Germany and Slovenia take the cake alongside Switzerland in Europe.
The world is becoming more and more open to crypto, which is great news for Bitcoin users who like to travel around.
The increasing openness towards crypto means that users do not have to worry about issues like fiat conversion or anything of the sort.
Buy Bitcoin in one place and spend anywhere.
Whether you’re a digital nomad or a casual tourist, here are some countries that make it easy, even exciting, to spend Bitcoin.
1. El Salvador
El Salvador deserves the top spot on this list because in 2021, the country made history by becoming the first to adopt Bitcoin as legal tender.
This move turned the small Central American nation into a symbol of crypto adoption.
Bitcoin ATMs are available almost everywhere in El Salvador, from street vendors selling coffee to major fast-food chains.
The government-backed Chivo Wallet even makes transactions simple for tourists looking for a one-of-a-kind experience.
2. Switzerland
Switzerland, especially the town of Zug, is very crypto-friendly.
Zug is known as Crypto Valley for a good reason and has quickly become a haven for blockchain companies and crypto bigwigs.
The country itself has a strong financial sector as well as clear regulations, alongside a supportive government.
Like El Salvador, Switzerland makes Bitcoin usage feel seamless.
Cafes, restaurants, car washes and even law firms accept Bitcoin in a sweet blend of old-world charm and powerful finance.
In all, the land of the Swiss is a great stop for Bitcoin users.
3. Singapore
Singapore is known for its smart governance and financial clarity. It applies all of this to crypto with its Payment Services Act.
It is worth mentioning that Singapore has no capital gains tax on crypto. As such, the country is very attractive for investors and digital nomads alike.
The city-state also has a regular flow of events and meet-ups related to crypto, as well as a welcoming tech community.
4. United Arab Emirates (UAE)
Dubai and Abu Dhabi are among the major countries pushing to become mega crypto centers.
The UAE’s Virtual Assets Regulatory Authority (VARA) was created to provide regulatory clarity. In addition, free zones dedicated to crypto businesses are being developed within the country.
Dubai already has real estate, luxury cars, and high-end goods purchasable using Bitcoin, in its focus on innovation.
In all, the UAE has the best blend of opportunity and luxury for visitors who wish to spend crypto.
5. Hong Kong
Hong Kong has been known as a financial hub even before Bitcoin itself was created.
The country was one of the first to adapt to the digital era and is putting regulatory measures in place for exchanges and other crypto platforms.
Hong Kong is looking towards balancing innovation with consumer protection. And while mass adoption is still developing, there is some growing confidence that Bitcoin will soon be a major aspect of the country’s financial systems.
6. Canada
Canada is one of the most crypto-progressive nations in North America and is arguably more welcoming to crypto than the US.
The country supports crypto growth through its clear laws and even offers products like Bitcoin ETFs for investors.
Cities like Toronto and Vancouver are seeing an increasing number of merchants that accept Bitcoin.
While this trend isn’t widespread yet, the Canadian crypto ecosystem is solid and growing fast.
7. Panama
Panama has a territorial tax system. This means that income earned outside the country (including crypto gains) is generally not subject to taxation.
While Panama doesn’t recognize Bitcoin as legal tender like El Salvador, it is still a very relaxed environment for crypto users.
Many businesses within the country accept crypto payments, as the country continues to dip its ties into what crypto has to offer.
8. Germany
Germany isn’t especially friendly to crypto. However, it isn’t exactly harsh either.
Instead, the country offers one of the most balanced outlooks towards crypto in Europe.
Berlin especially has Bitcoin becoming a familiar payment option in shops, bars and restaurants.
The country’s laws allow for certain crypto holdings to be tax-free if held for over a year.
9. Portugal
Portugal has gained fame among crypto users for being welcoming in terms of tax.
For individuals, crypto trading is usually tax-free if it is not their main source of income.
There is no VAT on crypto transactions, and many local businesses are welcoming towards digital payments.
Cities like Lisbon are becoming hubs for crypto start-ups and conferences, and in all, Portugal is a lively and welcoming space.
10. Slovenia
Slovenia might be small, but it’s a powerhouse when it comes to crypto adoption. Ljubljana, its capital, has one of Europe’s highest concentrations of businesses accepting Bitcoin.
The country also doesn’t tax capital gains on crypto under certain conditions.
In all, its friendly regulations and its growing tech space make Slovenia a pleasant surprise for Bitcoin users.
