HOW TO BUY BITCOIN IN POLAND

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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.

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Table Of Contents

Table Of Contents 3

How To Buy And Sell Bitcoin In Poland 4 How To Choose The Right Exchange 5 Register For An Account 5 Fund Your Account And Pick Your Cryptocurrency Portfolio 6 How To Sell And Trade Your Bitcoin Efficiently 7

Conclusion 8

Poland 9 Cities In Poland 10

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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

Capital Warsaw

Total Number of Bitcoin ATMs

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Webpage https://www.smartbitcoininvestments.com/buy-bitcoin-in-poland/

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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 Gornicza

https://www.smartbitcoininvestments.com/buy-bitcoin-in-dabrowa-gornicza/ 0

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 Wielkopolski

https://www.smartbitcoininvestments.com/buy-bitcoin-in-gorzow-wielkopolski/ 0

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

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

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

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Lodz https://www.smartbitcoininvestments.com/buy-bitcoin-in-lodz/ 4

Lublin https://www.smartbitcoininvestments.com/buy-bitcoin-in-lublin/ 0

Mokotow https://www.smartbitcoininvestments.com/buy-bitcoin-in-mokotow/ 0

Muszyna https://www.smartbitcoininvestments.com/buy-bitcoin-in-muszyna/ 1

Nowy Sacz https://www.smartbitcoininvestments.com/buy-bitcoin-in-nowy-sacz/ 1

Olsztyn https://www.smartbitcoininvestments.com/buy-bitcoin-in-olsztyn/ 0

Opole https://www.smartbitcoininvestments.com/buy-bitcoin-in-opole/ 0

Plock https://www.smartbitcoininvestments.com/buy-bitcoin-in-plock/ 0

Poznan https://www.smartbitcoininvestments.com/buy-bitcoin-in-poznan/ 2

Praga Poludnie https://www.smartbitcoininvestments.com/buy-bitcoin-in-praga-poludnie/ 0

Radom https://www.smartbitcoininvestments.com/buy-bitcoin-in-radom/ 1

Ruda Slaska https://www.smartbitcoininvestments.com/buy-bitcoin-in-ruda-slaska/ 0

Rybnik https://www.smartbitcoininvestments.com/buy-bitcoin-in-rybnik/ 0

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/ 1

Swidwin https://www.smartbitcoininvestments.com/buy-bitcoin-in-swidwin/ 1

Szczecin https://www.smartbitcoininvestments.com/buy-bitcoin-in-szczecin/ 5

Targowek https://www.smartbitcoininvestments.com/buy-bitcoin-in-targowek/ 0

Tarnow https://www.smartbitcoininvestments.com/buy-bitcoin-in-tarnow/ 0

Torun https://www.smartbitcoininvestments.com/buy-bitcoin-in-torun/ 0

Tychy https://www.smartbitcoininvestments.com/buy-bitcoin-in-tychy/ 1

Ursynow https://www.smartbitcoininvestments.com/buy-bitcoin-in-ursynow/ 0

Walbrzych https://www.smartbitcoininvestments.com/buy-bitcoin-in-walbrzych/ 0

Warsaw https://www.smartbitcoininvestments.com/buy-bitcoin-in-warsaw/ 34

Wloclawek https://www.smartbitcoininvestments.com/buy-bitcoin-in-wloclawek/ 0

Wola https://www.smartbitcoininvestments.com/buy-bitcoin-in-wola/ 0

Wroclaw https://www.smartbitcoininvestments.com/buy-bitcoin-in-wroclaw/ 8

Zabrze https://www.smartbitcoininvestments.com/buy-bitcoin-in-zabrze/ 0

Zielona Gora https://www.smartbitcoininvestments.com/buy-bitcoin-in-zielona-gora/ 1