Summary
Cryptocurrency is legal in Poland, but it is not considered legal tender. The Polish Financial Supervision Authority (KNF) oversees crypto regulations. Popular payment methods include bank transfers and credit cards. The Polish złoty (PLN) is widely supported by major exchanges. Key regulations include the Act on Counteracting Money Laundering and Terrorist Financing. Here are the best crypto exchanges for Poland:
- Bitstamp – Long-standing exchange with a solid reputation and competitive fees
- Bitget – Fast-growing platform offering both spot and derivatives trading
- Kraken – Highly secure exchange with advanced trading features
- KuCoin – Wide variety of altcoins and innovative trading products
- Bybit – User-friendly platform with advanced trading features
Best Crypto Exchanges in Poland
When searching for the best crypto exchanges in Poland, it’s crucial to consider factors such as supported cryptocurrencies, trading fees, deposit methods, and regulatory compliance. Polish investors benefit from access to both international and local exchanges that support the Polish złoty (PLN). Bank transfers and credit card payments are widely accepted methods for funding accounts.
1. Bitstamp
Users:
2m
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
80+
Leverage:
Not Supported
Spot Fees:
0.3%/0.4%
Futures Fees:
Not Supported
Pros
- Great reputation
- Great customer support
- Reputable with over 100 million users
- Comprehensive fiat deposit methods
- Great wallet for on-chain access
Cons
- Lacks advanced features
- Very high spot trading fees
- Poor liquidity
Bitstamp Overview
Bitstamp is one of the industry’s oldest and most reputable cryptocurrency exchanges. Since its launch in 2011, the exchange has built a reputation for reliability, security, and transparency.
The platform supports over 80 cryptocurrencies including BTC, ETH, and USDT for spot. Users can access fees as low as 0.3% for makers and 0.4% for takers on the spot market.
Bitstamp uses a tiered fee structure that can help reduce fees to 0% for makers and 0.03% for takers on the spot market, and also reduce futures fees to 0% for makers and 0.006% for takers based on 30-day trading volume.
Another thing about Bitstamp is that it offers crypto staking and crypto lending as a means of earning passive income on the platform. These and many more make Bitstamp an attractive choice for active traders.
2. Bitget
Users:
23m
Free Demo:
Mobile App:
Bonus
$6,200
Cryptos:
840+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Over 800 cryptos
- Fair trading fees
- Great for EUR SEPA transfers
- 24/7 customer support
- Very beginner friendly
Cons
- Not available in the US
- No TWAP order supported
- Mandatory KYC for new accounts
Overview
Bitget is a true powerhouse for crypto traders from over 100 supported countries. What makes Bitget special is its beginner-friendly trading platform, which has over 800 supported cryptocurrencies. With so many supported cryptocurrencies, if you are looking to trade altcoins, Bitget might be one of your best shots.
With fiat support for 6 currencies, including EUR and RUB, Bitget is a top choice, especially for European users looking to deposit and withdraw funds in their native currency with ease. The 0% fee for SEPA transactions makes Bitget stand out. Credit card payments are also supported.
Experienced crypto traders can trade futures contracts on Bitget with 125x leverage on selected assets such as Bitcoin or Ethereum.
The spot trading fees start at 0.1% for makers and takers, which is very common in the industry. For futures traders seeking leverage for their day trading activities, Bitget charges very low fees of 0.02% maker and 0.06% taker.
3. Kraken
Users:
10m
Free Demo:
Mobile App:
Bonus:
None
Cryptos:
220+
Leverage:
100x
Spot Fees:
0.25%/0.4%
Futures Fees:
0.02%/0.05%
Pros
- Very beginner-friendly
- Low futures trading fees
- Free demo trading
- Fiat supported
- 24/7 customer support
- Fully regulated
Cons
- High spot trading fees
- Lacks advanced features
- Poor liquidity for futures trading
- Complicated Demo trading
Kraken Overview
Kraken stands out as one of the most beginner-friendly crypto exchanges. With an easy to understand UI, simple features, and a straightforward approach, Kraken has onboarded over 10 million users to its platform from all around the world.
Spot traders can access over 220 cryptocurrencies for buying and selling. For traders seeking more buying power, Kraken offers a leverage trading platform with up to 50x leverage on selected assets such as BTC.
In terms of fees, Kraken has a different approach for spot and futures trading. While spot trading fees are relatively high (0.25% maker and 0.4% taker), the futures fees are very low (0.02% maker and 0.05% taker). Based on your 30-day trading volume, you can obtain additional fee discounts.
What we love about Kraken is its comprehensive fiat support. You can deposit funds using your credit card or bank transfer. Once you are done trading, you can withdraw fiat currencies such as EUR or USD back to your personal bank account to lock in your profits.
4. KuCoin
Users:
30m
Free Demo:
Mobile App:
Bonus
$10,500
Cryptos:
800+
Leverage:
125x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.06%
Pros
- Beginner friendly
- 800+ supported crypto assets
- 125x leverage and deep liquidity
- 20+ fiat currencies
- Great 24/7 customer support
Cons
- Lacks advanced features
- Not the best liquidity
- Regulatory issues in the US
- Variable spot fees
Overview
Kucoin focuses on offering the best spot trading experience. With over 800 supported cryptos on the spot market, Kucoin is one of the most versatile crypto exchanges when it comes to supported assets. You can trade popular cryptos such as Bitcoin or Ethereum but also less-known cryptos and even meme coins. If you are on the hunt for new and shiny coins that are not popular yet, Kucoin might be your best shop.
Spot fees on Kucoin are relatively average, ranging from 0.1% to 0.32% based on the liquidity of the asset. Futures trading on Kucoin starts at a maker fee of 0.02% and a taker fee of 0.06%.
Kucoin has integrated and ready-to-use crypto grid trading bots to automate your income. You can set up grid bots based on several parameters to trade for you 24/7.
5. Bybit
Users:
40m
Free Demo:
Mobile App:
Bonus
$30,000
Cryptos:
600+
Leverage:
100x
Spot Fees:
0.1%
Futures Fees:
0.02%/0.055%
Pros
- Low fees
- 600+ supported crypto assets
- 100x leverage and deep liquidity
- Advanced order types and additional features
- Great 24/7 customer support
- Automated copy trading
Cons
- Regulatory uncertainty in Europe and USA
- May be confusing for beginners
- Cryptocurrency investments carry high risks
Overview
Bybit stands out as one of the most advanced crypto exchanges with deep liquidity and low fees. Bybit users can trade Spot, Futures, Options, NFTs, and even Inscriptions. Additionally, Bybit offers copy trading and bot trading to automate your income streams. Bybit copy trading is one of the best in the crypto industry.
Where Bybit excels is its derivatives platform with 320+ perpetual futures contracts and up to 100x leverage. With advanced order types such as TWAP or Iceberg orders, Bybit caters to experienced traders seeking the best options.
On the spot market, Bybit supports over 500 cryptos and up to 10x margin, making Bybit a versatile crypto exchange.
With low fees of 0.1% maker and 0.1% taker for spot trading and 0.02% maker and 0.055% taker for futures trading, Bybit has highly competitive fees. To top it all off, Bybit offers fee discounts based on your 30-day trading volume. The more you trade, the more you save.
Is Crypto Legal and Regulated in Poland?
Cryptocurrency is legal in Poland, but it is not recognized as legal tender. The primary regulatory body overseeing crypto-related activities is the Polish Financial Supervision Authority (KNF). In 2019, Poland implemented the EU’s 5th Anti-Money Laundering Directive (AMLD5), which brought virtual asset service providers under regulatory supervision.
The Act on Counteracting Money Laundering and Terrorist Financing requires crypto exchanges and custodial wallet providers to register with the Polish Financial Supervision Authority. These entities must comply with AML/CFT regulations, including customer due diligence and reporting suspicious transactions.
In 2021, the Polish Ministry of Finance introduced a draft bill to regulate the cryptocurrency market more comprehensively. This legislation aims to enhance consumer protection and establish clearer guidelines for crypto businesses operating in Poland.
While the regulatory landscape continues to evolve, Polish authorities maintain a cautious approach towards cryptocurrencies, focusing on investor protection and preventing illicit activities.
Is Crypto Taxable in Poland?
Cryptocurrency is subject to taxation in Poland. The Polish Ministry of Finance has provided guidelines on how crypto transactions should be reported and taxed. Here are the key points:
- Income from cryptocurrency trading is considered capital gains and is taxed at a flat rate of 19%.
- Cryptocurrency-to-cryptocurrency transactions are not taxable events. Only when crypto is converted to fiat currency or used to purchase goods or services does it become taxable.
- Miners must report their income from newly minted coins as business income, subject to progressive tax rates (17% and 32%).
- The Polish tax authority (Krajowa Administracja Skarbowa) requires detailed reporting of all crypto transactions, including date, amount, type of cryptocurrency, and the PLN value at the time of the transaction.
It’s worth noting that the Polish government has been working on more specific regulations for cryptocurrency taxation, which may introduce changes to the current system.
Disclaimer:
Tax laws are subject to change, and individual circumstances may vary. It is strongly advised to consult with a qualified tax professional or financial advisor for personalized guidance on cryptocurrency taxation in Poland.
How to Buy Crypto in Poland
Purchasing cryptocurrency in Poland is a straightforward process, with several reputable exchanges offering services to Polish residents. For a seamless experience, we recommend using Bitstamp, our top-rated exchange for Polish users.
Whether you’re interested in buying Bitcoin, Ethereum, or other popular cryptocurrencies, follow these steps to get started:
- Choose a Crypto Exchange: Select a platform that facilitates PLN deposits and withdrawals. Make sure the exchange adheres to Polish regulations and provides suitable payment options.
- Create an Account and Verify Your Identity: Register on your chosen exchange and complete the Know Your Customer (KYC) process by submitting the required identification documents.
- Deposit Funds: Fund your account with Polish złoty using bank transfers (przelewy bankowe) or credit/debit cards. Many exchanges also accept BLIK, a widely used Polish payment method.
- Select Your Cryptocurrency: Choose which digital asset you want to buy. Popular options for Polish investors include Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT).
- Execute Your Trade: Place either a market or limit order for the cryptocurrency of your choice. Be sure to review all transaction details before finalizing your purchase.
- Secure Your Assets: After acquiring your cryptocurrency, consider transferring it to a personal wallet for added security. Hardware wallets provide the best protection for long-term storage.
Stay updated on market developments and invest responsibly. Given the volatility of the crypto market, it’s wise to start with smaller amounts and diversify your portfolio.
Best Crypto Wallets in Poland
For Polish crypto enthusiasts, selecting a reliable wallet is essential for protecting digital assets. Here are some top wallet options available for users in Poland:
- Ledger: A prominent hardware wallet provider that offers cold storage solutions like the Nano S and Nano X. These devices are perfect for securely storing various cryptocurrencies over the long term.
- Trezor: Another respected brand in hardware wallets, Trezor is known for its user-friendly design and strong security features. The Trezor One and Model T are favorites among Polish users.
- Trust Wallet: A flexible mobile wallet that supports a wide array of cryptocurrencies. It’s especially beneficial for users interested in DeFi applications and NFTs.
- Exodus: Available as both a desktop and mobile wallet, Exodus is celebrated for its intuitive interface and built-in exchange feature. It supports many cryptocurrencies and is ideal for beginners.
- MetaMask: A widely used browser extension wallet focused primarily on Ethereum and ERC-20 tokens. It is crucial for interacting with decentralized applications (dApps) on the Ethereum network.
When selecting a wallet, consider important aspects such as security features, supported cryptocurrencies, and user-friendliness. For substantial holdings, hardware wallets like Ledger or Trezor are advisable due to their superior security. Meanwhile, mobile wallets such as Trust Wallet and Exodus provide ease for everyday transactions, and MetaMask is essential for anyone delving into the Ethereum ecosystem.
Bottom Line
In conclusion, Poland offers a growing cryptocurrency market with several options for buying, trading, and storing digital assets. For Polish investors seeking the best crypto exchanges in Poland, we highly recommend Bitstamp as the top choice, followed closely by Bitget. These platforms provide a combination of security, competitive fees, and support for PLN transactions, making them ideal for users in Poland. Always remember to conduct thorough research and adhere to local regulations when engaging with cryptocurrencies.
