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You’re from Poland, and want to purchase some Bitcoin.
Buying Bitcoin can be scary for beginners.
That’s where we come in.
For most of you, Coinbase is going to be the best option when it comes to purchasing Bitcoin.
Let’s jump right into it.
Based out of San Francisco, California, Coinbase is considered by many to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface. Just make an account, link your preferred payment method, and start purchasing.
Please note that if you are based in the United States, most credit card purchases are disabled. For AML reasons, Coinbase, like most exchanges, requires users to submit a picture of their ID and other information for verification purposes.
When it comes to fees, this will depend on the payment method used. Bank purchases charge 1.49% and on credit and debit purchases expect 3.99%. Purchase limits depend on your accounts verification level, with the highest tier of verification allowing $50,000 to be purchased daily.Visit Coinbase Read Review
Coinmama is another beginner-friendly cryptocurrency brokerage that focuses on credit and debit card purchases. They offer instant delivery and sell Bitcoin, Ethereum, Ripple, Litecoin, and more to 46 US States, and most countries.
Coinmama doesn’t provide its users with a wallet on the exchange. Instead, users are asked to provide a wallet address to send the purchased cryptocurrency to. As long as you have your own wallet, this shouldn’t be an issue!
Coinmama charges a fee of around 5% for credit and debit purchases with instant delivery and high purchasing limits of a max of $5,000 daily, and $20,000 monthly.Visit Coinmama Read Review
Just like Coinbase, Bitpanda has a very simple user interface, making it easy for beginners to successfully purchase in cryptocurrency.
The exchange has several payment methods such as bank transfers, credit cards, debit cards, Skrill, Neteller and more. Depending on which method is used, there may be differing deposit fees.
When it comes time to transact on the exchange, Bitpanda charges 1.49% for buys, and 1.29% on sells making them an extremely competitive option.
Luno is one of the most popular Bitcoin and cryptocurrency exchanges, and for good reason. It allows for the buying and selling of Bitcoin and Ethereum against several fiat currencies including MYR (Malaysian Ringgit).
Luno's fees are extremely low compared to the competition, with a 0%-1% trading fee that scales based on trading volume.
The more you trade on Luno, the lower the fees. Out of all the exchanges that allow users to buy Bitcoin in Malaysia, Luno's are the cheapest.
Luno also has the highest limits available, when full account verification is achieved. After full verification, users are able to purchase 300,000 MYR worth of Bitcoin.
Overall, Luno is a reliable option for anyone trying to purchase cryptocurrency. Their user interface isn't as intuitive as some of the other options, but once you learn how to use it, it might just be the best option on this list.Visit Luno Read Review
Headquartered in London, UK, CEX.io offers security, high liquidity, and cross-platform trading. They support an extremely wide array of countries making them available to most people.
CEX.io appears to have little no fees at first glance. They are able to do this by charging a premium on the Bitcoin price. We estimate this comes in around a 7% premium on average.
When it comes to purchasing limits, it really depends on your accounts verification tier. The first level has daily deposits of $500 and $100 withdrawals while the highest tier has unlimited in each category. Payment methods include cards, bank transfers, and more.Visit CEX.io Read Review
Poland has not prohibited the use of cryptocurrencies, including Bitcoin and other tokens. They working on new cryptocurrency regulation to accommodate the existing Polish laws, and will carve a path forward for the new decentralized asset within their borders. Poland also allows Bitcoin mining, though electricity is a bit too expensive there to mine profitably.
Bitcoin’s use as an official form of payment is still up in the air though – it seems like Polish lawmakers are not sure if Bitcoin should be allowed in an official manner, or only as an asset for tax purposes.
Poland has 58 Bitcoin ATMs, so if you want to buy Bitcoin privately without revealing your identity to an exchange above, ATMs are a great option.
Polish electricity is a bit too high for profitable Bitcoin mining, considering electricity is one of the leading factors used to determine Bitcoin mining profitability. Citizens of Poland pay roughly 0.691 Zloty ($0.165) per kWh, which is too much to turn a profit, even with the best mining hardware.
Most Bitcoin mining farms are operated in countries with cheap electricity like China. For most people, buying Bitcoin directly from an exchange is the best way to acquire cryptocurrency, as it’s fast, easy, and doesn’t require a colossal startup cost.