Bitcoin & Cryptocurrency Trading in Poland
Cryptocurrency trading in Poland is not directly regulated by any government entity, and this looks unlikely to change in the short term. The KNF, Poland’s Financial Supervision Authority stated on January 12, 2021 that digital currencies are not subject to any specific regulation under Polish law.
While the KNF does not regulate trade in virtual currencies and the Polish bitcoin market remains to all intents and purposes an unregulated market, it does however have regulatory jurisdiction over the activities of bitcoin exchanges as payment service providers. In its January statement, the KNF also clarified the legal status of bitcoin trading, stating that it is a legal activity in Poland, albeit one with no direct regulatory oversight.
How to BuyCryptofor PLN?
Users in Poland can buy cryptocurrency using PLN in a variety of ways including debit/credit card, NETELLER, PayPal, bank transfer, SEPA transfer, bank wire, bitcoin ATMs, and in some cases, even in-person cash deposits at selected retail outlets.
How to Buy Bitcoin in Poland
There are several ways to buy Bitcoin and other cryptocurrencies in Poland. However, each method will usually involve the following steps:
- Find a reputable crypto exchange in Poland – When searching for an exchange, there are Important factors to consider such as the exchanges reputation and security offerings. Consult the list of exchanges below for some additional recommendations.
- Register on that crypto exchange – Now that you have chosen the exchange you will be using, it is time to download their app or visit their website (depending on the exchange) and complete their registration process.
- Send fiat money to the crypto exchange – Once registered you can send your fiat money to the exchange which you will later exchange for Bitcoin or another crypto. This usually involves making a wire transfer from your bank account or using your debit or credit card to send money.
- Use fiat money to purchase BTC or other cryptos – After your money has arrived in your exchange account it is time to find the cryptocurrency you would like to buy and purchase it using your fiat money.
We recommend using CryptoWallet.com as a safe and easy way to follow the steps above and purchase Bitcoin or other crypto in Poland.
