Best Platforms to Trade Crypto in Poland
Best crypto exchange in Poland - Bybit
Top 6 crypto exchanges in Poland:
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Bybit – best for Extra cheap derivatives trading, NFT platform, USDT staking;
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Binance – best for wide range of assets (400+);
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OKX – best for Spot and margin trading (fees from 0.1%);
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KuCoin – best for listing your token on the exchange;
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BitGet – best for no account minimum and fees that range from 0.02% to 0.10%;
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Huobi Global – best for futures trading (futures fee from 0.099%).
The digital age has brought us revolutionary ways of handling finances, such as cryptocurrency. If you are in Poland and interested in diving into the cryptocurrency world, this guide is tailored for you. We will guide you through selecting the best crypto exchange where you can buy or sell Bitcoin and other digital currencies. This article will cover aspects like regulation, safety, fees, benefits for Polish clients, and different investment options these platforms offer.
Top 6 crypto exchanges in Poland 2024
Here are the best crypto exchange for day trading:
| Supported assets | Fees | Futures fee | Trading features | |
|---|---|---|---|---|
300+ |
0.1% |
Maker 0.01% Taker 0.06% |
Extra cheap derivatives trading, NFT platform, USDT staking with up to 10% per year, copy trading, trading bots |
|
120 |
0.6 |
0.012% |
Investment program available, extra high liquidity, over 400 trading assets |
|
Over 300 |
0.1% |
0.080% |
Spot and margin trading, NFT, DeFi, GameFi, options, futures, indices, lending, mining, and P2P trading are available |
|
700+ |
Starting from 0.005% |
0.020% to 0.060% |
Low fees, you can bring your token to the exchange, and regular promotions |
|
140+ |
0.1% |
0.020% to 0.060% |
Users are provided with margin trading, the opportunity to borrow equity, and significantly increase their buying power |
|
700+ |
0.099% |
0.099% |
OTC trading, spot trading, futures, staking |
Bybit - Best overall exchange in Poland
Bybit is a crypto exchange that serves Polish customers and traders. Aside from PLN, the platform also supports EUR, USD and many other currencies. There is a 0.1% maximum taker’s fee and a 0.1% maximum maker’s fee. Bybit requires a minimum deposit of $1.
Bybit is a derivatives trading exchange that offers up to 100x leverage on transactions, among other features. Users can also connect bespoke trading bots to conduct many trades. Professional crypto traders and institutional investors would appreciate this feature. Bybit also offers margin trade for users. Additionally, Bybit's customer service department is one of the best in the industry.
ByBit offers a few advantages, including low-risk price manipulations, liquidations, and high bonuses. However, the downside is that the number of pairs is limited, and there are difficult conditions for futures trading.
Binance - Best lowest crypt trading fee exchange
Binance is a crypto exchange that serves Polish customers and traders. Aside from PLN, the platform also supports USD, EUR and many other currencies. For crypto trades under 50 BTC per month, Binance charges 0.1%, and fees decrease with the Binance coin (BNB) investments. The minimum deposit amount on Binance starts from $1.
The platform offers a few more features, such as the option to reduce trading fees when investing in the Binance coin (BNB) and Binance Lite as a beginner. Binance also offers 387+ crypto altcoins. Currently, Binance offers mobile and web applications.
Binance offers even more advantages such as low flat trading fees, low overall fees, staking, attractive savings rates, and access to the major coins. However, the downside to the basic platform is the lack of a user-friendly interface.
OKX - Best for mobile trading in Poland
OKX is an international cryptocurrency exchange that has been providing financial services since 2017. On the OKX platform, you can buy and sell cryptocurrencies and earn money by storing tokens and providing funds for margin trading. The cryptocurrency exchange offers over 100 cryptocurrencies such as (BTC, LTC, ETH, XRP, etc.), several ways to make passive income, and a base with educational materials.
OKX broker provides an array of features, including extensive digital asset support for over 350 assets, secure cold storage, an NFT Marketplace, trading tools with derivatives, and access to DeFi services.
The range of investment options provided by OKEx includes spot trading, staking, lending, margin trading, NFT trading, P2P trading, mining, and trading in futures and options.
KuCoin - Best for altcoins spot trading
The KuCoin crypto exchange is a platform for exchanging and trading cryptocurrencies, spots, margins, and futures. The list of the exchange’s trading instruments includes dozens of cryptocurrencies such as Bitcoin, Ethereum, Tezer, etc. This crypto exchange offers a user-friendly trading terminal and there is a web and a mobile version for Android and iOS devices. The terminal contains basic analytics, charts, and indicators. There’s a possibility to replenish the account balance from debit cards, cryptocurrency, and electronic wallets. These methods are also available for withdrawal. In addition to the affiliate program (payments for referrals), the site offers unique contests with cash prizes called "Futures Battle".
The platform enables leverage, futures, and peer-to-peer trading in addition to standard trading choices. Users can also decide to lend or stake their cryptocurrency to gain incentives. KuCoin is an appealing alternative because it has affordable trading fees when compared to some of its rivals.
BitGet - Best crypto exchange for active traders in Poland
Bitget, established in 2018, is an excellent choice for those looking for the best crypto exchange in Italy. This top cryptocurrency exchange combines a variety of crypto trading services, user-friendly account management, and cutting-edge security measures.
With over 70+ trading pairs, Bitget has no account minimum and fees that range from 0.02% to 0.10%. Additionally, Bitget does not charge traders for cryptocurrency deposits, and trading costs vary depending on the type of trading activity.
Bitget is among the best crypto trading platforms and is evolving to meet global compliance standards in the cryptocurrency industry. Bitget complies with all relevant laws and rules, including KYC/AML rules.
Huobi Global - Best for institutional investors in Poland
Huobi Global is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company Huobi Global started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity.
Huobi Global highlights include 400+ supported assets, an advanced interface, a trading bot, Smart-Chain analysis, and mining pools.
Spot trading, peer-to-peer trading, margin trading, flash trading, crypto staking, and lending are just a few of the investment options offered by Huobi Global Crypto Exchange.
How to choose a crypto exchange in Poland?
Regulation and Safety
When choosing a cryptocurrency exchange in Poland, the first thing to consider is the platform's regulatory compliance and safety measures. Reputable p2p crypto exchange are those registered with the Chamber of Tax Administration's Register of Virtual Currencies. This requirement ensures the exchange operates within the boundaries of Polish law and helps protect your investment from potential scams and fraudulent activities.
In addition to regulatory compliance, a solid cryptocurrency exchange should prioritize user security. Advanced security features such as two-factor authentication (2FA), encryption protocols, and cold storage wallets are indispensable. Two-factor authentication adds an extra layer of security by requiring you to confirm your identity through a second device, usually your smartphone. Encryption protocols protect your data while in transit, preventing unauthorized access. Cold storage wallets store cryptocurrencies offline, reducing the risk of hacking or theft.
Fees
Understanding the fee structure of a cryptocurrency exchange is crucial. Each platform has a unique fee system, including trading, withdrawal, and deposit fees. Some exchanges may offer competitive or lower trading fees but make up for it by imposing higher withdrawal fees. Consequently, it's paramount to review the full fee structure, not just a single aspect of it, before committing to an exchange. You'll want to choose an exchange whose fee structure aligns with your trading habits and investment strategies to avoid unexpected costs. Make sure to select the exchange with the lowest crypto exchange fees. Also, consider the lowest future trading fees crypto exchanges.
Benefits for Polish Clients
Cryptocurrency exchanges in Poland offer numerous benefits to their local users. Among these advantages, the support for the local currency, Polish Zloty (PLN), stands out. This lets users deposit and withdraw funds without converting their money, making transactions more straightforward and efficient.
Moreover, the availability of a Polish language version of the platform or customer support in Polish can significantly enhance the user experience. Additionally, promotional bonuses or special offers are sometimes provided to attract new users or reward loyal customers, which can be a pleasant perk.
Investment Options
Another essential factor to consider is the variety of investment options available on a cryptocurrency exchange. Top exchanges provide vast possibilities beyond just buying and selling digital assets. For instance, some platforms offer copy trading, allowing less experienced traders to mimic the strategies of more successful, experienced traders.
Some exchanges also offer staking, a feature where you can earn rewards by holding specific cryptocurrencies in your account. This can be an excellent way to generate passive income. In addition to staking, some platforms offer yield farming, another method to earn rewards, but this time by providing liquidity to the platform's operations.
Other Features
Beyond the basic features, many top-tier crypto exchanges offer additional tools and resources to support your trading journey. These can include educational resources such as guides, tutorials, and articles to help users understand the ins and outs of the cryptocurrency market. Advanced trading tools like detailed charting software, APIs for algorithmic trading, and mobile applications for trading on the go are also valuable additions. Exploring these features and deciding which ones align with your trading needs and style is essential.
How to buy crypto in Poland?
Step 1: Create an account with an exchange. Choose one of the best crypto brokers in Poland and sign up by providing your email address and creating a password.
Step 2: Complete the KYC verification process. This involves submitting proof of identity and proof of address documents. The verification process ensures the safety and security of all users on the platform.
Step 3: Make a fiat deposit. After the verification, you can deposit Polish Zloty (PLN) or other supported currencies into your account.
Step 4: Buy cryptocurrency. Navigate to the trading section, select the cryptocurrency you want to buy, enter the amount, and confirm the transaction.
How to buy crypto in Poland
Step 5: Send your Bitcoin to a personal wallet. While exchanges are generally secure, storing your Bitcoin or other cryptocurrencies in a personal wallet is safer, especially if you're not planning to trade them frequently.
Is it a good time to buy Bitcoin in Poland now?
Given Bitcoin's potential as a hedge against currency devaluation, and considering its current price is relatively low compared to its historical high, it could be an attractive investment. However, the high volatility of Bitcoin and potential regulatory changes in Poland and the EU represent significant risks that should be carefully considered.
Bitcoin's value, much like traditional gold, offers protection against the devaluation of currencies, making it a potentially lucrative investment. It is independent of central financial systems, which makes it particularly attractive in an era marked by quantitative easing and low-interest rates. Bitcoin's price is currently lower than its historical high, which could suggest a good entry point for investors.
On the contrary, Bitcoin is well-known for its volatile nature, with the possibility of significant daily price swings. This volatility can lead to substantial financial losses, especially for those not prepared for such fluctuations.
Regulatory changes are another significant risk factor. The Polish government, like many others worldwide, is still grappling with how to regulate cryptocurrencies. Sudden regulatory shifts could heavily impact Bitcoin's value and the broader cryptocurrency market. Additionally, the European Union, of which Poland is a member, is working on a regulatory framework for cryptocurrencies. Any decisions made at the EU level would directly affect the Polish market.
Does crypto exchanges support PLN?
Yes, top-tier global crypto exchanges such as Bybit, OKX, and Binance support the Polish Zloty (PLN). These platforms allow for direct transactions using PLN, making it easier for users to buy and sell cryptocurrencies without the need for currency conversion.
Renowned crypto exchanges like Bybit, OKEx, and Binance have incorporated features that make it easy for users in Poland to deal with cryptocurrencies using their local currency, the Polish Zloty (PLN).
Bybit offers the convenience of more payment options with PLN support, meaning users can buy and sell cryptocurrencies directly with PLN in their Bybit Funding Account. This eliminates the need for currency conversion, therefore saving on exchange fees.
Similarly, OKX enables its users to buy crypto with a debit or credit card, supporting transactions through Visa, Mastercard, and even Apple Pay. This feature provides the convenience of investing in cryptocurrencies directly from users' regular bank accounts.
On the other hand, Binance, one of the world's largest crypto exchanges, also offers extensive support for Polish users by including PLN in its fiat gateways. Users can bind their Visa cards and buy popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP) directly with PLN.
The support of local currency and the convenience of familiar payment methods offered by these exchanges lower the entry barriers for new users in Poland, making cryptocurrencies an accessible investment option.
Rules and Regulation
Crypto regulations in Poland
Cryptocurrency trading in Poland is overseen by regulatory bodies such as the Polish Financial Supervision Authority (KNF) and the National Bank of Poland (NBP). These institutions are responsible for implementing and enforcing regulations to ensure the integrity and stability of the cryptocurrency market within the country.
Crypto investor protection in Poland
The regulatory framework established by the KNF aims to safeguard investors participating in cryptocurrency trading by promoting transparency and fair practices in the market. These regulations are designed to protect investors' interests and maintain confidence in the cryptocurrency ecosystem.
Crypto tax in Poland
Profits generated from cryptocurrency trading are subject to taxation in Poland. Capital gains from cryptocurrency transactions are typically taxed at rates ranging from 18% to 32%, depending on the total amount of profit earned. This taxation policy is implemented to ensure compliance with tax laws and contribute to the country's revenue stream.
Summary
Cryptocurrencies have opened up a new world of investing and trading opportunities. In Poland, this market has been facilitated by a regulated environment, providing an added layer of security for investors and traders. Many exchanges are accessible for buying, selling, and trading cryptocurrencies, each offering unique features and tools. When selecting the best exchange, it's crucial to scrutinize its adherence to regulatory standards, safety measures, fee structure, and the range of features it offers to suit your trading needs.
Additionally, crypto enthusiasts should be aware of the fiscal obligations of this type of investment. In Poland, profits accrued from cryptocurrency trading are taxable. Hence, ensuring you are aware of and prepared for this liability is vital to your cryptocurrency journey. As always, staying informed and making well-considered decisions is essential when stepping into the world of cryptocurrencies.
FAQs
What is the largest crypto exchange in Poland?
The largest crypto exchanges operating in Poland include global platforms like Binance, Bybit, and OKEx.
Is crypto trading legal in Poland?
Yes, crypto trading is legal in Poland, but companies involved in the crypto space must be registered with the Chamber of Tax Administration's Register of Virtual Currencies.
Which bank in Poland is crypto friendly?
Several Polish banks are becoming more crypto-friendly, but it varies from bank to bank. Checking with your bank about their specific policies regarding cryptocurrencies is recommended.
Is Binance legal in Poland?
Yes, Binance is legal and widely used in Poland. It supports Polish Zloty (PLN) for buying and selling cryptocurrencies.
Methodology for compiling our ratings of crypto exchanges
Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Exchanges are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Exchanges are assessed based on the variety, quality, and features of platforms offered to clients.
Extra services. Unique value propositions and useful features that provide traders with more options for yield generation.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).