Cryptocurrency Trading In Poland, Best Exchanges, And Policies
Poland is a country where cryptocurrency is currently accepted and available to trade. The government is yet to make any restrictions on trading it. Keep reading to learn about the government's opinion on crypto, as well as exchanges working with users from Poland.
Polish cryptocurrency regulations
It’s not clear how cryptocurrency is seen by the country’s government. However, it can be said that cryptocurrency is more like property than currency in Poland due to several important reasons.
The main reason for that is that transactions with Bitcoin in Poland have to be bartered which means that you need a legal contract to complete the payment. Barter is made when working with property. You can’t make a standard buy-sell operation, like with currencies.
Cryptocurrency projects in Poland
Even though the government of Poland doesn’t accept Bitcoin as a tradable asset, it did have some projects related to crypto. The country wanted to make its crypto coin named dPLN, or digital PLN. However, the idea failed, since it wasn’t recognized by high officials.
Best exchanges to use for trading crypto in Poland
Thankfully, Poland is open to most worldwide crypto exchanges, so people have a wide variety of services to choose from. You can trade using famous exchanges such as Coinbase, eToro, or Bitpanda in Poland.
However, one of the best choices for citizens of Poland is BitBay. It’s an exchange which has its main headquarters located in Poland. Living in Poland, you can deposit money on this platform at any Polish bank. Moreover, the website has one of the lowest fees for Poland, being from 0.25% to 0.5%, depending on the financial instrument that you’re trading with.