How to Buy Crypto in Poland

The crypto popularity is growing significantly around the world, including in Poland. But the higher the interest in digital assets, the more questions arise about their legal status.

In today's article, we will take a detailed look at the most famous options to buy cryptocurrencies in Poland and explore their legal status in the country.

Is It Legal to Buy Cryptocurrencies in Poland?

Yes, cryptocurrencies are legal in Poland; that means you can invest and trade them. Since 2018, crypto trading has been regulated by the CFT (counter-terrorist financing) law, which treats digital coins as assets subject to the same rules as other funds deposited in accounts. Thus, in order to trade within the legal framework, exchanges must comply with the Know Your Customer (KYC) procedure and Anti-Money Laundering (AML) rules.

However, investors and users should be aware that the Polish National Bank does not recognize crypto as legal tender. Polish law treats them as a digital representation of value but excludes crypto from means of payment such as electronic money, bills of exchange, or checks.

Ways to Buy Crypto in Poland

Once you have familiarized yourself with the legislation details, you can choose the most suitable option for buying crypto coins. There are many convenient ways, so let's take a closer look at each way from different angles.

CEXs (Centralized Exchanges)

A centralized exchange is a platform that acts as an intermediary between the buyer and the seller. On such platforms, users can trade and exchange cryptocurrency for other digital assets, and some exchanges allow purchases with fiat such as zloty or euro.

Centralized exchanges are one of the most popular methods of purchasing crypto assets due to their balance between high security and transaction profitability. However, if you are new to the crypto world, take the time to find a convenient exchange with an interface that is not overloaded with features. For example, the Cryptomus exchange is an excellent option—an online platform with a user-friendly interface and intuitive design, allowing you to easily find any tab you need. More than 120 cryptocurrencies are traded on the exchange, and more than 40 fiat currencies are available for depositing funds into your wallet.

• Pros: wide selection of coins, high level of security, fast order execution.

• Cons: mandatory KYC verification.

P2P Platforms

A P2P (peer-to-peer) platform is an exchange that allows you to buy and sell directly from another user. Such platforms act as intermediaries and guarantors: during the transaction, they block the cryptocurrency in escrow and transfer it after payment confirmation.

The main advantages of this method are low fees and a wide range of payment options. For example, the Cryptomus P2P exchange offers favorable fees starting at 0.1% and over 560 available payment methods. If you have any questions while trading, you can find the answer in the educational blog.

• Pros: favorable exchange rates, a large number of payment methods, low fees.

• Cons: the speed of the transaction depends on the other party, the KYC verification is often mandatory.

Crypto Brokers

A crypto broker is an intermediary platform that simplifies the process of trading digital assets for users. Crypto brokers offer convenient interfaces that interact with the exchange on your behalf.

This is a popular alternative to crypto exchanges in the country, as many beginners seek professional help with trading. However, a major drawback is that some brokers charge higher commissions (1% or more of the transaction amount) than exchanges.

• Pros: intuitive interface, low entry threshold.

• Cons: high commissions.

Crypto ATMs

A crypto ATM is a special machine that allows you to buy cryptocurrency with cash or a credit card. It is as easy to use as a regular ATM, but the commission in this case will be higher than on online platforms. Crypto ATMs are quite common in the country, especially in large cities such as Warsaw or Kraków.

• Pros: you can buy crypto with cash or a card, common in Poland.

• Cons: high commission, limited choice of coins.

Step-by-Step Guide: How to Buy Crypto in Poland

To ensure that your cryptocurrency purchase in Poland goes smoothly, we have prepared a comprehensive and detailed guide for you. Read it and follow each step to successfully achieve your goal.

Method 1: Through an Exchange

• Step 1: Choose a platform and register there.

• Step 2: Complete KYC verification.

• Step 3: Make a purchase. Here we will describe in more detail the purchasing process on each platform, and you will select the most convenient option to buy cryptocurrency.

Step 1: Register on the Platform

Choose a reliable platform and create an account there. The registration process usually takes only a few minutes. At this stage, it is also important to set a strong password and enable two-factor authentication (2FA) to protect your data and money from potential hacking.

When choosing an exchange, pay special attention to compliance with legal requirements. As we mentioned earlier, for legal trading, the exchange must comply with AML and support the KYC procedure.

Step 2: Pass KYC Verification

After registration, you need to pass KYC verification. This will give you access to financial transactions on the platform.

To confirm your identity, you will first need to take a selfie and then photograph your ID document. Next, upload both files to the platform. Wait for confirmation of completion of the procedure from the moderator.

Step 3: Choose the Most Convenient Way to Buy Cryptocurrency

CEX

After registering and passing KYC verification, you need to top up your account with Polish zloty. You can do this via bank transfer. Next, when the money is in your account, buy the selected cryptocurrency. The process is simple: select the desired crypto coin and specify the amount you want to purchase. Next, input your card information and verify the transaction with the 2FA code.

P2P platform

To make a purchase on your chosen cryptocurrency exchange, first set the necessary filters: the amount of cryptocurrency you want, the fiat currency (such as zloty or euro) you are willing to spend on the purchase, and the most convenient payment method.

After setting up the filters, you will see a list of offers from sellers. Select the most suitable one and contact the potential trading partner to discuss the details. We recommend that you only make deals with verified sellers to minimize the risk of fraud. If you don't find a suitable offer in the list, create your own and wait for a response.

Crypto Brokers

After completing the KYC procedure, you will be able to deposit zloty or euro into your account. Go to the “Buy” tab, then select the cryptocurrency you want to buy (e.g., Bitcoin or Solana), specify the amount in zloty or euro, and confirm the transaction. The broker conducts the transaction at the market rate with a small service fee, which is usually higher than the exchange fee.

The purchased cryptocurrency will appear in your account immediately. However, keep in mind that many brokers do not allow withdrawals to external wallets, which means that you store your assets in their ecosystem.

Method 2: via ATM

If you prefer to buy cryptocurrency offline, this option is perfect for you. Step-by-step guide on how to buy cryptocurrency in Poland using a crypto ATM:

1. Go to the device and complete the KYC verification.
2. Select the desired cryptocurrency from the menu (for example, BTC or USDT).
3. Specify the purchase amount in zloty (PLN).
4. Scan the QR code from your cryptocurrency wallet—the funds will be sent to it.
5. Insert cash or pay by card.
6. Confirm the transaction on the ATM screen.
7. Wait for the transaction to complete—the cryptocurrency will be credited to your wallet within a few minutes.

Simple Way to Buy Crypto with Your Credit Card

If you are looking for the easiest way to buy cryptocurrency in Poland, use your bank card. The process is as follows (using Cryptomus as an example):

Step 1: Register on the Cryptomus Platform

The registration process will take you just a few minutes, as you can log in using the most convenient method, including Telegram, Facebook, or Google. At this stage, enable 2FA to protect your data and money from potential hacking by fraudsters.

Step 2: Complete the KYC Verification

The Cryptomus platform follows AML policy and adheres to high security measures, so KYC verification is a necessary part of the registration process. This will allow you to access financial transactions within the platform.

To complete verification, go to the “Settings” section. Then click on the KYC verification button, which is the third item in the list. Take a photo of your ID and a selfie, then upload these files to the platform. This procedure allows the platform to verify that you are a real person and confirm your verification.

Step 3: Return to the Dashboard and Click “Receive”

Fill in all your criteria: select the desired cryptocurrency to buy and a suitable network. Then choose “Fiat” as a type of receive option when you’re buying any crypto with a debit or credit card.

Step 4: Fill in the Details

Click on “Receive via Mercuryo” and fill in the gap with the amount you’re going to pay in the preferred currency. The receiving amount of cryptocurrency will be automatically calculated in the payment form.

Step 5: Confirm Your Purchase

Next, fill in your email address for getting a verification code, and enter your debit or credit card details to make a purchase.

Well done! You’ve just bought cryptocurrency with a card without any complications. The funds will be credited to your personal wallet soon!

Do You Have to Pay Taxes on Cryptocurrency Investments?

Yes, crypto trading in Poland is subject to personal income tax (PIT) and corporate income tax (CIT). Income from crypto sales is considered capital gains, and the income tax rate is 19%.

The tax liability arises at the moment when cryptocurrencies are sold for legal tender, such as zloty. It is worth noting that exchanging one cryptocurrency for another does not create any tax liability, and you can take into account the franchise from the purchase of cryptocurrency when calculating your profit in your annual tax return. It is important to remember to prepare properly for tax accounting and keep transaction records to avoid problems related to inadequate reporting. Even if we do not receive any income this year and only incur expenses for the purchase of cryptocurrencies, we still have to show this in our tax calculation.

Before trading, we recommend that you carefully study the tax rate and amount, as the data may change.

Buying cryptocurrency in Poland is a fairly simple process if you learn the basic rules in the legislation and follow them. It is also important to take a responsible approach to trading and storing cryptocurrencies. To do this, choose reliable platforms such as Cryptomus.

If you have any questions, please text us on email or Telegram. We will be happy to help!