Portugal · Updated 04.13.26
Privacy coins in Portugal
In Portugal you can buy Zcash through MiCA-licensed exchanges. Monero has been delisted from regulated Portuguese platforms. Portugal's tax setup has a clear anchor: hold for more than 365 days and gains are tax-free. Sell within 365 days and the gain is taxed at 28%. Crypto-to-crypto trades are not taxed.
Your two options
Zcash (ZEC)
Available on local exchanges
Yes, you can buy Zcash in Portugal through licensed exchanges.
Read the Zcash guide >
Monero (XMR)
Limited availability
Monero is not available on regulated Portuguese exchanges.
Read the Monero guide >What to know
For ZEC buyers, expect the authorized exchange list to narrow through 2026 as firms complete CASP authorization; check your exchange's status before funding. Monero is not practically available through MiCA-regulated channels. The 365-day holding rule is the key anchor for Portuguese retail planning: holding through that mark eliminates capital gains tax on disposal. The pre-2023 "0% crypto tax" reputation no longer applies to short-term activity. Confirm current treatment with a Portuguese advisor before planning around residency.
Regulatory detail
MiCA regulated, Banco de Portugal and CMVM oversight. CASP authorization deadline July 1, 2026.