How To Buy Bitcoin In Poland

HOW TO BUY
BITCOIN ​IN POLAND

2

Presented by:
Smart Bitcoin Investments
We Want To Teach The World How To Invest In Cryptocurrency

Author:
Jeffrey Ito
www.smartbitcoininvestments.com

2021 Lithium Gold Ventures, LLC
All Rights Reserved.

Table Of Contents 3

Table Of Contents 3
4
How To Buy And Sell Bitcoin In Poland 5
How To Choose The Right Exchange 5
Register For An Account 6
Fund Your Account And Pick Your Cryptocurrency Portfolio 7
How To Sell And Trade Your Bitcoin Efficiently 8
Conclusion 9
10
Poland
Cities In Poland

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How To Buy And Sell Bitcoin In Poland

Every passing day, especially with the pandemic hitting all-time highs and the fiat currency's
trust is going down, and the new and shining currency Bitcoin is rising both in terms of its price
and demand. We see Bitcoin hitting all-time highs every day nowadays and people making huge
profits off of it. Moreover, many people, economists think that Bitcoin will be the next currency of
the world, and its price is higher undervalued at the moment. However, some people say that
Bitcoin has no future once the federal reserve does something about it, like putting up taxes.
There are all these ideas and controversies about Bitcoin, but there is one fact: the price of
Bitcoin is not going down at all, according to many people. That is the fact that we are now used
to seeing.
With all these going on, you might want to know how to buy and sell Bitcoin. Taking some of
those profits in this insane market is not a bad idea. With its popularity going up and people
wanting to buy more, the ability to purchase Bitcoin or any other coins is becoming more
comfortable and less pricey. When Bitcoin was first announced, and no one cared about it, you
had to pay generous commissions to buy even just one of them because not many services
were available to purchase. This has reversed; there are many options to choose from if you

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want to buy Bitcoin. Some of these options are Binance, Bitpanda, and counting. This article will
talk about how to buy and sell Bitcoin in Poland quickly and without paying too much
commission.

How To Choose The Right Exchange

Before you start to buy and sell Bitcoin in Poland, the first step for you is to choose an exchange
platform that supports Bitcoin (BTC). You have to know that not every exchange platform has to
support Bitcoin. There are many coins out there, but nearly all exchange platforms, maybe even
all of them, have BTC since BTC is the one that leads the market with the most expensive one
and the market cap. When trying to find an exchange platform, you need to consider the
commission they take per transaction, if they are reliable and other things related to safety or
expenses that you might encounter. You can check these many ways, but the two most efficient
ones are reviews of the people who use it and reading every line on the website of the
exchange platform. You have to read everything because they hide the commissions or extra
fees most of the time to not change your mind after seeing the additional costs.

After you find your exchange platform, you sign up, and while signing up, nearly all exchange
platforms will require you to identify yourself with proof, either with a passport or an ID card. If
they are qualified enough and are legal, they have to ask you that because you are making a
deposit into their system and knowing who you are. With the reviews, you looked up on the
internet and other researches you already made, you probably know that this is required to sign
up to their system, and it is perfectly safe since many people have been using it for a while. The
most prominent example could be Binance. They are international and have a lot of users that
require them to identify themselves. You should have no problem doing this if you trust it, and it
is necessary to do so.

Register For An Account

You found the exchange platform and signed up for it. Now, it is time to wait for confirmation
from the website's behalf. They have to check if the information you provided to them is
accurate and the proof you sent is legal. This might take some time or not, depending on the
exchange platform and their speed to admit new people. However, you might wait longer than
usual because nowadays, the demand to sign up for these platforms is insanely high due to the
new all-time highs in most cryptocurrencies. So you do not have to worry if you are not admitted
to the website; they probably have given you an estimated time of result in their confirmation.
Follow that, if you are not accepted even after the time has passed, try to contact them, and you
can solve it immediately.

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It is essential to mention that you can use several different options when you invest your money
into Bitcoin to protect your money from going sideways if Bitcoin were to decrease in value. An
option called "stop-loss" allows you to sell your Bitcoin once you lose a specific percentage
value, a deal you set once you call the stop-loss. Not every exchange platform has this, so you
have to look carefully when choosing your provider for your Bitcoin. Some providers could be
small and serve only for a small number of people that do not use certain functions such as
stop-loss, and some could be big, like Binance that allows everyone to do whatever they want
with their call options if you are looking to park your money into safe heaven where you can just
set for your Bitcoin to be sold automatically once it reaches a particular depreciation value. This
could be 5%, 50%, or more or less depending on your money and how much you afford to lose.
Other options such as take profit (TP) that work basically the same with stop loss. It
automatically closes a position once the profit target you have set is reached and takes your
profits without too much risk or volatility. These could be good or bad because sometimes some
assets drop about 5% or 10% before skyrocketing. So if you set a stop loss at 5% and a take
profit at 20%, and if the coin loses 10% and skyrockets to a yield of 50%, you will not be able to
collect those profits because the system sold your assets at 5% loss. If it did not lose 5% and
the system did not sell it automatically, it would have sold it at 20% profit, blocking you from
getting that extra 30%. It is all up to you to choose whatever profit or loss you can take up but
be aware of these risks and potential wins. These do not happen frequently; however, you can
not just overlook these facts.

Fund Your Account And Pick Your Cryptocurrency Portfolio

After you finally are admitted to the chosen exchange platform, it is now time to invest.
However, be careful. The money you invest might not come back again if the value drops too
much. You might gain if the value goes up too much. It is a risk that you have to be aware of,
and it is crucial to know that you must play with the money you can afford to lose. This is the
most important thing when you are buying and selling Bitcoin. Because there is a consensus
nowadays that whatever you do, you can not lose money or get money whatever happens with
the market or coin you invest in. This is a big lie; you might and can lose your money if you
invest at the wrong time, in the wrong coin, and such. Do your research, make sure you are
playing with money that is affordable for you to lose.

After you did the necessary research and realized all these truths, it is not time to buy some
Bitcoin. The ticker (the short name for it) for Bitcoin is BTC, as mentioned above. Search for
BTC/USDT or BTC/PLN on the exchange platform; depending on what they support; you might
see one of these or both of them. They mean that if you buy BTC/USDT, you buy Bitcoin at its
USD price, which is the leading price that it is based upon. If you buy on BTC/PLN, you buy on
Zloty based on Zloty currency, but it depends on USD. So there is a double risk; if PLN gains
value against USD, you might lose money even if BTC rises. Make your choice accordingly.

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Once you have decided on which one you will buy, put some funds into your account. Do not
forget, if you are going to buy the BTC/USDT parity, you must convert your funds into USD
before you buy it because once you put funds into your account, it will be PLN, not USD. After
you add those funds, you can go ahead and buy the Bitcoin. After you purchase it, the price
might increase or depreciate depending on its value.

How To Sell And Trade Your Bitcoin Efficiently

Once you buy your Bitcoin, it is now time to learn about how you will sell it. You might have
invested your money for long-term purposes or short-term purposes, but you need to sell it
either way. You might have lost enough money, and you want to leave the market for some
time, and this is called liquidation, shortly "Liq." It would be best if you sell your Bitcoins since
you are holding BTC in your portfolio. What is important to know here is that if you panic and
sell once the BTC depreciates, you might lose big bucks if it goes back up, which it generally
does. You have to analyze the market better and wait if you can. Selling what you own quickly
with panic is a major mistake done by millions of people in a red market (a time where the
values are dropping, it is also called bear market). So, this is not a piece of financial advice but
always keep in mind what to do and how to do it while trying to sell your BTC.

When the time comes, and you have decided to sell it after considering the situation and your
money, you will sell it the same way you bought it. Looking from the BTC/USDT parity, you go to
the section of that parity, and you will click on "sell." You write down the amount you want to
sell; this could be half of it, all of it, it is up to you. As it is on USDT parity, your money will
directly be deposited into USD. If you want to take that money into your bank account from the
exchange platform and not reinvest it, you need to convert that money to PLN before you
withdraw it. After you convert it to PLN, all you need to do is withdraw it to your bank account. If
you own BTC/PLN, that is easier than BTC/USDT. One step less, to withdraw to your account.
When you want to sell BTC/PLN, all you have to do is go to that party's page on the exchange
platform and click sell. When you sell it, all your funds will go to your PLN funds, which are
available to withdraw from your bank account immediately. This is how easy it is to sell your
BTC.

After selling your BTC, depending on your exchange platform and their service providers and
also your bank, it might take a few days for the funds to get to your bank account. The best way
to learn is to check your exchange platform's website for withdrawals to see what to expect. Be
aware that once you sell it and start the withdrawal process, you can not get that money back to
that platform before you have the money in your bank account because the money will be in the
transfer process, which is unavailable for payments or funding anything. This is a mistake that is
done frequently by the new investors on the market. However, not every exchange platform or
bank makes this; you might get the money instantly depending on the circumstances and the
provider's terms.

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To sum up, what has been stated so far, buying and selling Bitcoin in Poland is relatively easy.
Still, it requires a little bit of patience because you need to research to make sure you are
buying and selling Bitcoin in trusted and efficient platforms that will not leave you out in the
middle without your money. This is the key in any investment, like when you have to have a
trustworthy brokerage if you want to trade stocks, you have to have a reliable exchange platform
that will allow you to do anything you want anytime, 7/24. The reason for that is because the
crypto market never stops. It is open all day and all night, and that is a high standard to maintain
for exchange platforms to be always active and be ready for a high volume of sell or buy times.
Most of the exchange platforms can not work efficiently when a boom happens in Bitcoin or any
other coins, it crashes, and you can not sell or buy, which leads you to lose money, no matter
what. That is why if you are thinking about trading or short-term holding, the exchange platform
has to be ready for anything. These are some of the things you have to consider when looking
for an exchange platform that is the number one step of your journey towards buying and selling
Bitcoin. After you decide on the platform, you go ahead and sign up with your credentials; this
could be a driver's license, passport, or ID card. There is generally a time for you to get
approved since they have to make sure you are a real person, not fake. After all these steps are
done, the easy part comes into play. You have to fund your account to buy Bitcoin. Using your
bank account, you fund your account in the exchange platform, and then when your money is in
your account, you do a quick search for Bitcoin.

The tricky part here is that there could be two different parities that you encounter. BTC/USDT
and BTC/PLN. BTC/USDT is the central exchange for Bitcoin that only cares about Bitcoin and
USD's price ratio. However, with BTC/PLN, if PLN loses value or gains value against USD, the
price of Bitcoin might be affected by that, as well. So, there is a three-phase ratio that you need
to be on the lookout for. It is a little bit of a gambit but might pay off.

Moreover, it does not make so much of a difference to make you gain or lose more than 2-3% if
PLN does not depreciate a lot in value. The trading or holding part is all up to you and your
research, so giving information about that could be misleading. You can do your research that is
available on the internet from millions of different resources, or you can draw up your
conclusion; it is your money, after all. Once you bought it, there is the part to sell those Bitcoins
that is pretty easy. If you hold BTC/USDT after you click sell, you also have to sell USDT and
buy PLN to withdraw the money to your bank account; if you keep BTC/PLN, all you have to do
is click on sell and start the withdrawal phase. Be aware that it might take a couple of days to
arrive at the bank account that you can not use for anything during that time.

Conclusion

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It is this easy to buy and sell Bitcoins in Poland; you do not need to own anything or go
somewhere to open up an account; all is online and pretty fast. You need to know the main
things and what to do; the rest is pretty straightforward.

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Poland

Country Poland
Warsaw
Capital 106

Total Number of Bitcoin https://www.smartbitcoininvestments.com/buy-bitcoin-in-poland/
ATMs

Webpage

11

Cities In Poland

City Page # of Bitcoin
ATMs

Bemowo https://www.smartbitcoininvestments.com/buy-bitcoin-in-bemowo/ 0

Bialystok https://www.smartbitcoininvestments.com/buy-bitcoin-in-bialystok/ 4

Bielany https://www.smartbitcoininvestments.com/buy-bitcoin-in-bielany/ 0

Bielsko-Biala https://www.smartbitcoininvestments.com/buy-bitcoin-in-bielsko-biala/ 0

Bydgoszcz https://www.smartbitcoininvestments.com/buy-bitcoin-in-bydgoszcz/ 0

Bytom https://www.smartbitcoininvestments.com/buy-bitcoin-in-bytom/ 0

Chorzow https://www.smartbitcoininvestments.com/buy-bitcoin-in-chorzow/ 0

Czestochowa https://www.smartbitcoininvestments.com/buy-bitcoin-in-czestochowa/ 0

Dabrowa https://www.smartbitcoininvestments.com/buy-bitcoin-in-dabrowa-gorn 0
Gornicza icza/

Elblag https://www.smartbitcoininvestments.com/buy-bitcoin-in-elblag/ 0

Gdansk https://www.smartbitcoininvestments.com/buy-bitcoin-in-gdansk/ 10

Gdynia https://www.smartbitcoininvestments.com/buy-bitcoin-in-gdynia/ 1

Gliwice https://www.smartbitcoininvestments.com/buy-bitcoin-in-gliwice/ 2

Gorzow https://www.smartbitcoininvestments.com/buy-bitcoin-in-gorzow-wielko 0
Wielkopolski polski/

Grudziadz https://www.smartbitcoininvestments.com/buy-bitcoin-in-grudziadz/ 1

Ilawa https://www.smartbitcoininvestments.com/buy-bitcoin-in-ilawa/ 1

Janki https://www.smartbitcoininvestments.com/buy-bitcoin-in-janki/ 1

https://www.smartbitcoininvestments.com/buy-bitcoin-in-jastrzebie-zdr 0
Jastrzebie Zdroj oj/

Jaworzno https://www.smartbitcoininvestments.com/buy-bitcoin-in-jaworzno/ 0

Kalisz https://www.smartbitcoininvestments.com/buy-bitcoin-in-kalisz/ 0

Katowice https://www.smartbitcoininvestments.com/buy-bitcoin-in-katowice/ 2

Kielce https://www.smartbitcoininvestments.com/buy-bitcoin-in-kielce/ 1

Koszalin https://www.smartbitcoininvestments.com/buy-bitcoin-in-koszalin/ 1

Krakow https://www.smartbitcoininvestments.com/buy-bitcoin-in-krakow/ 20

Krynica https://www.smartbitcoininvestments.com/buy-bitcoin-in-krynica/ 1

Kwidzyn https://www.smartbitcoininvestments.com/buy-bitcoin-in-kwidzyn/ 1

Legnica https://www.smartbitcoininvestments.com/buy-bitcoin-in-legnica/ 0

Lodz https://www.smartbitcoininvestments.com/buy-bitcoin-in-lodz/ 12
Lublin https://www.smartbitcoininvestments.com/buy-bitcoin-in-lublin/
Mokotow https://www.smartbitcoininvestments.com/buy-bitcoin-in-mokotow/ 4
Muszyna https://www.smartbitcoininvestments.com/buy-bitcoin-in-muszyna/ 0
Nowy Sacz https://www.smartbitcoininvestments.com/buy-bitcoin-in-nowy-sacz/ 0
Olsztyn https://www.smartbitcoininvestments.com/buy-bitcoin-in-olsztyn/ 1
Opole https://www.smartbitcoininvestments.com/buy-bitcoin-in-opole/ 1
Plock https://www.smartbitcoininvestments.com/buy-bitcoin-in-plock/ 0
Poznan https://www.smartbitcoininvestments.com/buy-bitcoin-in-poznan/ 0
https://www.smartbitcoininvestments.com/buy-bitcoin-in-praga-poludni 0
Praga Poludnie e/ 2
Radom https://www.smartbitcoininvestments.com/buy-bitcoin-in-radom/
Ruda Slaska https://www.smartbitcoininvestments.com/buy-bitcoin-in-ruda-slaska/ 0
Rybnik https://www.smartbitcoininvestments.com/buy-bitcoin-in-rybnik/ 1
Rzeszow https://www.smartbitcoininvestments.com/buy-bitcoin-in-rzeszow/ 0
Slupsk https://www.smartbitcoininvestments.com/buy-bitcoin-in-slupsk/ 0
Sosnowiec https://www.smartbitcoininvestments.com/buy-bitcoin-in-sosnowiec/ 0
Srodmiescie https://www.smartbitcoininvestments.com/buy-bitcoin-in-srodmiescie/ 0
Swarzędz https://www.smartbitcoininvestments.com/buy-bitcoin-in-swarzedz/ 0
Swidwin https://www.smartbitcoininvestments.com/buy-bitcoin-in-swidwin/ 0
Szczecin https://www.smartbitcoininvestments.com/buy-bitcoin-in-szczecin/ 1
Targowek https://www.smartbitcoininvestments.com/buy-bitcoin-in-targowek/ 1
Tarnow https://www.smartbitcoininvestments.com/buy-bitcoin-in-tarnow/ 5
Torun https://www.smartbitcoininvestments.com/buy-bitcoin-in-torun/ 0
Tychy https://www.smartbitcoininvestments.com/buy-bitcoin-in-tychy/ 0
Ursynow https://www.smartbitcoininvestments.com/buy-bitcoin-in-ursynow/ 0
Walbrzych https://www.smartbitcoininvestments.com/buy-bitcoin-in-walbrzych/ 1
Warsaw https://www.smartbitcoininvestments.com/buy-bitcoin-in-warsaw/ 0
Wloclawek https://www.smartbitcoininvestments.com/buy-bitcoin-in-wloclawek/ 0
Wola https://www.smartbitcoininvestments.com/buy-bitcoin-in-wola/ 34
Wroclaw https://www.smartbitcoininvestments.com/buy-bitcoin-in-wroclaw/ 0
Zabrze https://www.smartbitcoininvestments.com/buy-bitcoin-in-zabrze/ 0
Zielona Gora https://www.smartbitcoininvestments.com/buy-bitcoin-in-zielona-gora/ 8
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