New tax withholdings on Earn: what is changing and how does it affect you?

On October 7, 2026, users will find the new Terms and Conditions available to sign in the Earn app.

What does the withholding apply to?

The withholding applies solely to the returns generated (the interest), never to the principal you loaned. Your principal is returned to you in full whenever you withdraw it.

When is the withholding applied?

Withholding is applied at the moment you withdraw your funds from Earn. As long as you keep your funds in the product, no withholding is applied.

What percentage is withheld?

The standard withholding rate is 19%. The exact percentage depends on your tax situation:

The withheld amount is not an additional Bit2Me fee: it is an amount paid to the Spanish Tax Agency on your behalf, which you can claim or declare on your tax return.

I do not live in Spain: can I reduce or eliminate the withholding?

Yes, it is possible, but not automatically. You must provide a certificate of tax residence issued by your country's tax authority. Once we verify it, we will apply the appropriate rate:

• If you reside in the European Union or the European Economic Area (Norway, Iceland, or Liechtenstein): 0% withholding.
• If you reside in a country with a double taxation treaty with Spain: the reduced rate established by that treaty, which is often 0% or 10%. In this case, the certificate must be issued stating that it is "for the purposes of the Tax Treaty".

Without a valid certificate, the default rate of 19% will apply. Providing this document is your responsibility.

How can I submit my tax residence certificate?

You need to open a ticket with our support team and send us your certificate by email.

The certificate is valid for 12 months from the date of issue. Once this period expires, you must provide a new one to maintain the reduced rate. A proof of address or a self-declaration is not accepted: it must be the official document issued by your tax authority.

If you prefer not to sign the new terms and conditions, you must withdraw your Earn balance to your wallet as soon as possible. On 7/12/2026, if you have not signed yet and have not withdrawn your funds, we will automatically transfer your Earn balance to your wallet.

I have B2M locked in a 3, 6, or 12-month lock-up pool that unlocks in 2027. What happens if I do not want to sign the new T&Cs?

If you do not wish to sign the new terms, you can withdraw your B2M from the 3, 6, or 12-month pool to your wallet right now. In this case, we will refund the 10% penalty that would otherwise apply to an early withdrawal.

If you prefer to take no action, we will automatically transfer your B2M to your wallet on 7/12/2026, and will also refund the corresponding penalty.

If you choose to sign the new terms, a 19% withholding will apply only to accumulated rewards, and this withholding will only be deducted when you withdraw your funds from Earn to your wallet.