Since Bitcoin launched as the first cryptocurrency in 2009, it has provided investors with an ROI of more than 28,000%. After 13 years of trading, BTC is still the biggest asset in the crypto space – with a market cap of more than half a trillion dollars.
In this guide, we will discuss how to buy Bitcoin in Poland. Along with assessing the benefits of holding BTC in your portfolio, we will also review the best platforms from where to buy Bitcoin in Poland.
How to Buy Bitcoin Poland- Quick Guide
For users looking for the simplest way to buy Bitcoin in Poland, the below table shows how to buy bitcoin instantly with a new broker account.
- Step 1: Open an account with the site you choose – Head over to the broker’s website and enter your personal details, and create a username and password.
- Step 2: Deposit – Using one of the multiple payment methods on your chosen site, deposit cash in the platform.
- Step 3: Search for Bitcoin – Search for BTC on the platform’s navigation bar to begin your investment process.
- Step 4: Buy – Insert the amount you wish to put into the trade and confirm your purchase by clicking on the appropriate options.
Where to Buy Bitcoin in Poland
If you want to buy Bitcoin in Poland, it’s a good idea to check out some of the leading cryptocurrency exchanges in the area. With many options on the market, users can compare the platforms based on their fees, chances to earn passive income, and the tools and features they offer.
We review some of the platforms that allow users to invest in Bitcoin in Poland in the sections below.
1. Crypto.com – Earn Passive income with BTC in Poland
Crypto.com is a popular global crypto exchange that allows users to invest in Bitcoin in Poland. Crypto.com is available via the
web; however, it boasts a very intuitive user interface that allows you to buy, sell and trade Bitcoin and 250 more cryptocurrencies.
With Crypto.com, users can buy Bitcoin instantly with a debit or credit card. However, this results in a fee of 2.99%. While users can fund their account balance with crypto free of charge, fiat deposits are not yet facilitated on the platform. To buy BTC in Poland, users must pay a simple slide fee of 0.40% per transaction. This can be further reduced by 10% if the trading fees are paid using CRO – the native token of Crypto.com.
Besides trading BTC, users can exchange fiat currencies, get a Crypto.com VISA MasterCard, and access features such as Crypto Earn and Crypto Credit to take out loans.
With Crypto Earn, users have the opportunity to stake their BTC holdings to earn interest. By staking BTC, users can earn up to 4% – 5% APY (Annual Percentage Yield). This increases by a further 2% for users with CRO holdings.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Maker/Taker Fee | 0.40% | $20 (Buy BTC directly) |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Bitstamp – Advanced Trading Options for BTC in Poland
Bitstamp is a UK-based crypto brokerage used by more than 4 million users globally. A hub for advanced traders, Bitstamp’s
Tradeview provides real-time insights into markets, a range of analytical tools and powerful order types at your disposal.
Furthermore, with inexhaustible liquidity and strong API connectivity, this platform is great for skilled traders to provide complex trades via the mobile app and web interface. With Bitstamp, you can begin trading with a low fee of 0.50%, which falls to 0.1% depending on your trading volume.
However, one area of concern is the high fees associated with payment methods on the platform. Bitstamp charges an 8% transaction fee on small credit card transactions, which falls to 5% with sufficient trading volume.
Nonetheless, Bitstamp provides security for users by storing a majority of their assets in cold storage. Furthermore, with Bitstamp, you can get 24/7 customer support and a dedicated account manager and a tech team that offers expert support around the clock.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Spread Fee (Reduces per Trading Volume) | Beginning at 0.50% | Varies per Payment Method |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Coinbase – Secure 98% Funds in Cold Storage
If you’re looking for how to buy Bitcoin in Poland – Coinbase is yet another global brokerage available in the region. Launched in
2012, Coinbase is a licensed brokerage with approximately 98 million verified users in more than 100 countries.
After completing a simple KYC and verification process, investors can start trading BTC in just 15 minutes with a credit/debit card or a direct bank transfer.
For beginners and new investors, Coinbase provides a simple-to-use interface on their mobile apps. On the other hand, Coinbase Pro provides experienced users with an advanced trading platform that gives you access to complex charting options and lower fees to assist with their trades.
However, Coinbase takes a hefty commission of 1.49% per trade. A further charge of 3.99% is applied for purchasing crypto with debit/credit cards. Furthermore, the platform also adds a mark-up on the spread, which varies depending on the transaction size.
Should users in Poland choose to diversify their funds, Coinbase offers 100+ cryptocurrencies on their normal account and access to 250+ cryptocurrencies on the Coinbase Pro account.
A highly secured platform, Coinbase offers 2FA protocols and holds 98% of client tokens in cold storage – which prevents the assets from online hackings and thefts.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Maker/Taker Fee + Commission Per trade | Maker/Taker fee beginning from 0.50%. 1.49% slide fee | $50 |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
4. Binance – Discounted Pricing on Fees & Transactions
Binance is a popular global crypto exchange that allows users to buy, sell and trade more than 600 cryptocurrencies. For users
looking for where to buy Bitcoin in Poland, Binance will allow you to begin trading BTC for a low trading fee of just 0.1% per slide.
The platform often gives discounted trading options, further reducing the fees by 25%. However, the platform does take a 4.5% charge on debit/credit card payments. Users may use ACH and wire transfers as an alternative.
Binance also offers advanced traders the opportunity to access complex charting options and API keys for integrating other software tools. With Binance Academy, the platform provides educational content and articles, which may benefit novice investors looking to learn more about the space.
Furthermore, Binance offers many other money-making tools such as the affiliate rewards programme, Binance Earn to gain interest on cryptocurrencies and a VIP programme which regular investors can access to earn a further discount on trades.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Maker/Take Fees | 0.1% | $50 |
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
5. Zonda – Buy BTC locally with PLN
For users looking to invest in Bitcoin in Poland, Zonda is a local crypto exchange operating since 2014. With over 1 million users,
Zonda is a fully regulated crypto exchange licensed by the Finance Intelligence Unit (FIU) and has advanced anti-money laundering policies.
Furthermore, Zonda allows users to exchange multiple fiat currencies with crypto, including GBP, EUR and PLN (Poland Zloty). You can deposit on Zonda with a credit/debit card, instant bank transfer or traditional bank transfer.
Zonda applies a low maker/taker fee of 0.43%/0.30% when exchanging fiat currencies for crypto. Furthermore, when trading crypto-to-crypto, takers only pay a 0.10% fee while makers do not pay anything.
Users can also use Zonda to access the affiliate programme to earn a commission or access Zonda Learn to access information on cryptocurrencies, blockchains and altcoins.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Maker/Take Fees | 0.43%/0.30% for fiat to crypto. 0.10% Taker fees for crypto-to-crypto | $25 |
6. Egera – Polish-Based Crypto Exchange
Egera is another Poland-based crypto platform that allows users to invest in BTC and other cryptocurrencies. Egera allows users
to deposit fiat currencies, including PLN, directly on the platform.
However, the platform does not support credit and debit cards as a payment option. Users can make a wire transfer or pay through Polish BLIK Payment. Egera runs on a maker/taker model when charging users on BTC and other transactions.
While a 0.30% taker fee is applied per transaction, there is no maker fee, which promotes the exchange’s liquidity. The platform has a financial license obtained from the Polish Financial Supervisor Authority. This adds a layer of security to the exchange, making it the first regulated cryptocurrency exchange to emerge from Poland.
Furthermore, 95% of the funds are stored offline and are insured for up to $100 million by BitGo Trust.
| Pricing Structure | Fees for Trading Bitcoin | Minimum Deposit |
| Maker/Take Fees | Maker Fees – 0.30% | 1 PLN ($0.23) |
Should I Buy Bitcoin?
Bitcoin is the largest cryptocurrency globally and has sky-rocketed in value since its launch in 2009. After launching at just above $50, the price of BTC has gone as high as $68,000 in 2021.
However, before making an investment decision on BTC, users may want to conduct their own research and analysis on the crypto token. The next section will cover some of the main benefits of holding Bitcoin.
Benefits of Buying Bitcoin
Before we can look at how to buy Bitcoin in Poland, let’s cover some of the main factors of Bitcoin and the benefits it can provide to users as an investment asset.
In the sections below, we cover 5 main benefits of Bitcoin.
#1 Cryptocurrency in terms of Market Capitalisation
Many investors entering the cryptocurrency space look to invest in BTC due to its safety as a market leader in the industry. Just like many investors may choose to add blue-chip stocks to their stock portfolio to diversify their trades, BTC can be held due to the market dominance that it has asserted since its inception in 2009.
However, despite being the largest cryptocurrency globally, Bitcoin is a very volatile asset that often fluctuates in value. This is why potential investors may want to only invest, knowing the risks and possibilities of loss whilst opening a new trade. Currently, the Bitcoin market cap sits at more than $500 billion.
Currently Trending Sideways
Despite being the largest cryptocurrency, BTC has experienced a sharp downturn since the beginning of 2022. After trading at almost $70,000, BTC has lost more than 50% of its value. Throughout May 2022, the coin has been trading in the $30K region without much upward momentum.
For users who want to enter a long-term position, you can look to analyse the current price of BTC and enter the markets depending on your investment strategies and goals.
Limited Supply
Bitcoin has a maximum supply of 21 million tokens. This means that its price tends to rise since demand beats supply. With most cryptocurrencies, the trading price is significantly lower due to a surplus of tokens, exceeding the demand for that coin.
Since the blockchain BTC has been built on makes it impossible for the maximum supply to increase or decrease, it can be held as a deflationary asset for the future.
Bitcoin is Permissionless
Most fiat currencies and forms of money require permission to use. For example, banks and financial institutions control the supply of fiat currency, which makes it run by a central party or organisation.
In the case of BTC, it is completely decentralised and permissionless. Anyone can access BTC from around the globe. The supply cannot be changed, and it can be easily sent from one place to another without any additional procedures in just a few minutes.
On the other hand, sending fiat currency from one country to another can take up to a few weeks and may require banking intermediaries to facilitate the transaction process.
Transparency
Every new transaction with BTC is added as a block on the blockchain. It is available for anyone to see, which makes it transparent. A financial transaction cannot be faked or forged in any way since the BTC blockchain automatically detects any new activities and automatically adds them to the network.
Ways of Buying Bitcoin
There are several ways for users to buy bitcoin in Poland. The sections below cover two different payment options that allow you to invest in bitcoin in Poland.
Buying Bitcoin with PayPal
If you’re looking for how to buy Bitcoin in Poland, many cryptocurrency exchanges allow you to do so with the global payment processor – PayPal. This is an e-wallet, which stores your cash and allows you to directly add funds to your trading platforms.
If users want to deposit funds with PayPal, they should closely evaluate the various exchanges that support this payment option.
Buy Bitcoin with Credit card or debit card
One of the most popular ways to buy BTC in Poland is with a credit or debit card transaction. Users can simply enter their debit/credit card details on their chosen platform and complete the transaction in a few minutes.
However, each platform can charge a different rate to deposit currency with credit/debit cards. Therefore, users may want to evaluate the different platforms to find the lowest fees whilst buying Bitcoin with Credit and debit options.
Bitcoin Price
Before you can see how to invest in Bitcoin in Poland, users may want to analyse the price of Bitcoin and its past performances.
In 2021, Bitcoin experienced massive volatility throughout the year. Beginning the year at $30,000, BTC went on to rally to a price of more than $60,000 by April 2021. This was followed by a massive cryptocurrency crash, taking the price of BTC down to the $30K mark.
Similarly, BTC experienced a bull run towards the end of 2021, when it reached an all-time high of almost $69,000 in November. However, the beginning of 2022 has seen the price of BTC crash down to the $30K mark once again.
Currently, BTC is trading right under the $30K region, with a current price of $29,500.
However, BTC has not been the only asset to have underperformed in 2022. The US stock markets have also experienced a significant correction since the beginning of the year, along with the cryptocurrency markets.
This can be credited due to the increasing inflationary numbers and a number of supply-chain issues, which have created a problem for companies on a global scale. Furthermore, the Russia-Ukraine conflict has added further fear to the markers since the beginning of 2022.
Bitcoin Price Prediction
An online trading algorithm, WalletInvestor, predicts a rise in the price of BTC in the coming year. According to this software, BTC can have a maximum price of $49,000 in a 12-months time. This equates to a 67% price increase from current levels.
However, it is essential to note that these predictions are not always accurate and should not be taken at face value. Even in 2021, many analysts predicted a BTC price increase to the $100,000 mark by the end of the year.
But, the volatility involved in BTC and other cryptocurrencies makes it very hard to predict the future direction of the price. Therefore, users should conduct their prior research and consult their financial advisors before investing in BTC or other cryptocurrencies.
How to Buy Bitcoin Safely in Poland
Safety whilst investing in cryptocurrencies is an essential factor to take into consideration. Since cryptocurrencies have been subject to fraud and hacking in the past, users may want to apply a few concrete steps to minimise the chance of theft or fraud.
We will show you how to buy Bitcoin safely in the sections below.
Size of Investments
This step is crucial for new beginners and cost-conscious investors new to the cryptocurrency markets. While you may want to invest in cryptocurrencies to make profits in the future, you may be better of by starting with a small investment.
Buy Bitcoin with a regulated Broker
When you are looking for how to buy Bitcoin in Poland, you should look to invest with a regulated and global brokerage. Regulated brokerages adhere to the rules and regulations of the bodies they are governed by, which often involve multiple safety standards and safeguards to protect users’ funds.
Many platforms like Coinbase hold a large chunk of your assets in cold storage, which protects them from online hacking and phishing attacks.
Use a Bitcoin Wallet
A Bitcoin wallet is a cold wallet – meaning that all your assets are stored offline. Furthermore, a Bitcoin wallet can only be accessed by a user with their private key.
This allows users to safely secure all their digital assets in one place and give them full autonomy over their funds. This is different from accessing directly with a crypto brokerage since your assets are held by the central party involved.
How to Buy Bitcoin in Poland – Tutorial
After evaluating the price of BTC, its features and the available platforms, we can now see how to buy Bitcoin in Poland.
In the sections below, we will show you how to begin trading in BTC in Poland with a new broker account with one of our recommended best platforms in this region.
Step 1: Open an Account
Head over to the website or the mobile app of the platform you’ve chosen and provide your personal information to get started.
This will include your full name, email address, phone number and date of birth. You will also need to choose a username and password – which you will use to log into your account moving forward.
Step 2: Verify your Identity
To get your new crypto account verified instantly, you need to provide two documents on most platforms.
- Firstly, provide a valid photo ID. This can be either a passport copy or a valid driver’s license for yourself.
- Secondly, you will need to provide a proof of address. This can be done by providing a bank statement or any utility bill.
If your details meet the requirements, the site should verify your account quickly.
Step 3: Deposit Funds
Brokers will allows users in Poland to deposit money with various payment methods. These include credit/debit card options, bank transfers and multiple e-wallets like PayPal.
Furthermore, you only need to deposit a low amount to get started, which varies by platform.
Step 4: Search for BTC
Once you are on the homepage, search for ‘Bitcoin’ on the search bar that should be at the top of the site you’re using.
You will be given a range of information about VTC before you start to buy and trade it.
Step 5: Buy Bitcoin
Now, you will need to place a buy order. You will need to enter your stake in the appropriate box and continue with the on-screen process.
How to Sell Bitcoin
If you have successfully managed to make a profit on BTC, you may want to know how to sell your positions. In the sections below, we show you how to do this on a broker sit.
Click on to your portfolio of investments on your broker account. You should see a list of all your open positions so you need to navigate to your BTC details.
To sell your Bitcoin or close your position, click on the buttons that will allow you to cash out some or all of your investment.
Conclusion
In this guide, we have provided you with an in-depth review of the largest cryptocurrency in the world, Bitcoin. We have analysed the price of Bitcoin and the key benefits of the token to help you explore the right time when to buy Bitcoin.