How to Buy Crypto with mBank

Can I Buy Bitcoin with the mBank?

Yes, mBank customers can buy Bitcoin, but not directly through mBank itself. Instead, you can use your mBank debit or credit card to fund accounts on KNF-registered crypto exchanges that follow AML regulations. Trusted platforms like Binance provide a secure environment to buy Bitcoin and other cryptocurrencies. mBank’s seamless payment methods make it easy to get started, even if the bank doesn’t directly offer crypto services.

How to Buy Crypto with mBank on Binance

For Polish users looking to buy crypto with mBank, Binance is a solid option that supports fiat deposits in PLN. Launched in 2017 by Changpeng Zhao and headquartered in the Cayman Islands, Binance is a trusted exchange with a strong security reputation and a global user base of over 213 million. It offers a vast selection of 414+ cryptocurrencies for spot trading and around 352 futures contracts. Binance also stands out with additional features like staking, launchpads, Binance Academy, and a Web3 wallet for decentralized transactions. Although KYC is required, the platform’s extensive features and diverse offerings make it a top choice for mBank users.

Why choose Binance?

Verification Time

Few minutes

Min Deposit

$15 or equivalent

Security Rating

Very High

Cryptocurrencies

414+

Remember to always verify the exchange's registration status with your local financial authority before making any transactions.

Here is how mBank customers can buy crypto on BYDFi:

Buy Crypto with mBank

1. 1
   Visit Binance's website and sign up to create an account. Complete the KYC verification to enable crypto purchases.
2. 2
   Once signed in, click the Buy Crypto button on the toolbar.
3. 3
   In the Spend field, select PLN as your currency and enter the amount you wish to spend.
4. 4
   In the Receive field, choose the cryptocurrency you'd like to purchase.
5. 5
   Click on Add New Card to add your mBank card, then proceed to the checkout page to confirm your purchase.

Buy Crypto with Binance!

Alternatives to Binance

Having alternatives is always a great option, and in the case of exchanges, it can be particularly beneficial, considering some cryptocurrencies are not available on Binance. You can always turn to other excellent options available to buy crypto with mBank.

Bybit

Bybit is a high-leverage crypto exchange (up to 100x) with a range of advanced trading features, ideal for mBank users in Poland. While KYC is required, Bybit supports multiple payment methods including BLIK, bank transfers, and credit/debit cards for fiat deposits. Founded in 2018 and based in Dubai, it offers a robust selection of cryptocurrencies and 24/7 support via live chat and email.

Buy Crypto with Bybit!

BloFin

Blofin is a high-leverage crypto exchange offering 150x trading with no KYC, ideal for Polish mBank users seeking PLN Fiat deposits. It supports a wide range of payment methods, including SEPA, Google Pay, and credit/debit cards. Founded in 2019, it operates from the Cayman Islands and offers 24/7 support through live chat and email.

Buy Crypto with BloFin!

What are the Fees?

mBank typically charges no fees when using SEPA services to buy crypto on a registered exchange. However, if you use your card for the purchase, mBank applies a fixed fee of 5 PLN for express local payments. International transfers may incur higher fees, depending on the transaction.

mBank Cryptocurrency Policy

mBank has not embraced cryptocurrency services and continues to focus on traditional banking products such as personal accounts, loans, and investments. While the bank is recognized for its digital innovations and fintech investments, it does not currently support buying, selling, or holding cryptocurrencies. Poland’s evolving regulatory environment may shape mBank’s stance on cryptocurrencies in the future, but for now, it remains committed to conventional banking solutions without venturing into the crypto space.

Bottomline

mBank customers in Poland can buy crypto by using their mBank card on KNF-registered exchanges like Binance. While mBank doesn’t offer direct crypto services, it enables seamless funding for crypto purchases on trusted platforms.

FAQs

1. Does mBank allow cryptocurrency transactions?

While mBank doesn’t directly support cryptocurrency services, it allows customers to use their cards or SEPA transfers to fund accounts on KNF-registered crypto exchanges like Binance.

2. Can I use my mBank card to buy crypto on exchanges like Binance?

Yes, you can use your mBank credit or debit card to purchase cryptocurrencies on Binance and other KNF-regulated exchanges. Ensure your card is authorized for international or online payments.

3. Are there any restrictions on crypto-related payments with mBank?

mBank doesn’t restrict payments to regulated crypto exchanges. However, unregulated platforms may trigger payment declines due to compliance concerns.

4. Is it safe to link my mBank account with a crypto exchange?

Yes, linking your mBank account to a KNF-registered exchange like Binance ensures compliance with Polish regulations and provides a secure environment for transactions.

5. Does mBank charge additional fees for crypto transactions?

mBank charges standard transaction fees, such as 5 PLN for local express payments. International transfers or card payments may incur higher fees depending on the payment method.