How to Sell Crypto in Poland in 2022 |

How to Sell Crypto in Poland in 2022

The past year has been a wild one for crypto, and many people are looking to cash out their profits. Of course, selling Bitcoin can be more complicated than it sounds. Between taxes and finding the right exchange, the process requires some research — luckily, we’ve done all that for you!

How to Sell Crypto in Poland

Poland has expressed mixed reactions towards cryptocurrencies in the past. Notwithstanding, it is currently clear that the country is openly embracing crypto, with regulators trying to straighten out rules surrounding digital currencies.

As a Polish crypto investor, you can rest easy knowing that all crypto trading in the country is legal. Let’s take a look at the situation with taxes as well as a list of recommended exchanges you can use to sell your crypto in Poland.

Polish Taxation Rules for Crypto Currency Exchange

Crypto earned as payment for goods or services is subject to personal income tax in Poland. According to the latest regulations, there are 5 crucial aspects to look into as far as crypto is concerned. These are:

  • Polish tax rates are 19% for regular crypto investors, while an additional 4% of your crypto income is more than PLN 1 million. This charge is known as the solidarity surcharge.
  • You will pay crypto taxes if your transactions have yielded you income.
  • You need to file your crypto returns in PIT-38 form. Here is where you can download the form.
  • In the PIT-38 form, you should truthfully disclose all transactions of the crypto you bought or sold in a particular year.
  • Even though you might only have purchased crypto assets, you still need to file your returns. It is crucial to note this to avoid confusion and any legal issues in the future.

Where to Sell Crypto in Poland

You might now be wondering how to go on from here, now that you know what regulations you might face in Poland. The two avenues you can use are on-exchange or off-exchange.


On-exchange is pretty much self-explanatory. There is a wide selection of crypto exchanges in the market today, both centralized and decentralized. All you need to do is create an account, meet the conditions required to start trading, and sell your crypto.

All the same, you must think about the limitations and risks you might face with exchanges. If this is the path you decide to go with, only deposit the amount you wish to trade to reduce risk.


Unlike in the past, off-exchange choices for crypto sales are gaining traction. The choices at your disposal are endless, including crypto ATMs, over-the-counter brokers, P2P marketplaces like LocalBitcoins and Paxful, and private banks.

How to Sell a Large Amount of Crypto 

It does not matter how you came to possess a vast amount of crypto, but the proper channels to dispense your fortune stands to be a tricky part. Unlike with moving small amounts of digital assets, an enormous load of crypto puts more responsibility on your shoulders. Therefore, how do you safely go about this while evading the risks associated? Here are a few tips:

Find the Right Wallet

Protecting your investment starts with finding the best storage options for it. There are many wallets in the market today, but with proper research, you can narrow down your options to what suits you. Consider the coin you are holding since one wallet may work for Ethereum but may not work for XRP. Cold wallets are always a wise path to take due to security issues connected to online wallets.

Evaluate Legal Issues You Might Face

It goes without saying that a massive deposit into your bank account will raise a few questions. It would be wise to communicate with your service providers that you will receive an abnormal cash size. Provide proof of the trade you will be undertaking to avoid getting into trouble with the tax agencies. And lastly, do not forget to pay your taxes as you should.

Go for the Best Choice for You

Go for your top choice because it is all about your convenience at the end of the day. This factor includes payment options, the currency you wish to exchange your crypto for, the trading fees, the best deal in the market, cash withdrawal limits, its availability in your country, among others.

How to Choose the Best Way to Sell Crypto

Instead of going with just about any option out there to sell your crypto, there are factors to consider to land your best choice. This crucial step determines if your investment serves you a victory or a regret. Of course, it is not to say that choosing the best way to sell your crypto will be an easy task. You need to dig deep and widen for what suits you with maximized profits.

Hence, what are some of these aspects that you should be on the lookout for?

Your Endgame

Above all else, you should put your needs first, bringing up the query, what do you hope to achieve at the end of it all? In that case, why not create a checklist to tick out your expectations in the medium you will choose? It makes it easier to cross out what does not fit your goals and what matches them.


You are handling a considerable investment that would cost you a lot in case of a slip-up. This aspect makes security the next crucial factor to put into consideration. Whichever path you go for, ensure that your crypto is in safe hands before any other advantages you hope to reap from your trade.


You already have an insight into the tax regulations you expect to face in Poland. The next point to look at is if the option you go for is legal in your country. Make sure that you are in accordance with the Anti-money Laundering and Terrorist Financing Act in whatever you do. This factor goes hand in hand with the transparency of the option you decide on.

Fees and Efficiency

Depending on the crypto you are dispensing, you should look into the fees you will incur during the transaction. For instance, in the case of an exchange you are considering, what are the deposit or withdrawal fees?

Another factor is the efficiency of the transactions you are making. You don’t want to spend a month waiting to finish up transactions. Therefore, consider the liquidity and user experience of the option you go for.

The Best Exchanges to Sell Crypto in Poland

2 Coinmama

Coinmama is a popular crypto broker founded in 2013, currently serving over 2.9 million users globally. It is known for a wide variety of payment options supported in over 188 countries. It backs up 10 cryptocurrencies, including BTC, ETH, QTUM, BCH, and LTC.

You should know that the exchange requires KYC verification, handled on 3 levels. The higher your KYC verification is, the higher the spending limits are.

  • Speed: According to the website, the verification speed ranges from 30 minutes to 1 hour.
  • Fees: Coinmama has higher fees than the market price, with a 2% increase in the index price of an asset. It also charges a 3.9% commission on all transactions. Depending on your payment method, you might incur additional fees. Credit and debit cards subject you to an extra 5% momentum fee.
  • Reputation: The exchange is favored for its extensive payment options, including SWIFT, SEPA, and Visa credit and debit cards. The user interface is friendly to all types of traders, including beginners. The security is a plus as it does not store user funds. However, its high transaction fees are a put-off for investors.

3 Kraken

The California-based exchange stands as one of the oldest exchanges in the history of crypto. Kraken holds among the highest trading volumes while offering a wide range of cryptocurrencies and trading options. Furthermore, it takes a top position in cybersecurity, evading any major hacking events. It holds 95% of all deposits in cold storage, encrypts user data, and holds vulnerability tests on the platform.

  • Speed: Depending on the coin you are dealing with, deposit confirmation may range from near-instant to a week. Verification confirmation is slow, ranging from less than 2 minutes for a starter to over 5 days for a pro-investor.
  • Fees: The fees vary between makers and takers on the platform, ranging from as low as 0.0%-0.26%. However, it is higher for new investors who buy crypto through the Instant Buy platform, standing at 1.5%. Furthermore, if you use a debit or credit card, you will incur a fee of 3.75% and an additional $0.25.
  • Reputation: On Trustpilot, the reviews are not on Kraken’s side, with complaints focusing on customer service and account closure. Nonetheless, others have ranked the platform as ‘the best exchange ever.’

4 Binance

Binance is arguably the largest crypto exchange globally, boasting low fees, diverse payment media, and advanced trading options. Additionally, it supports over 200 cryptocurrencies, including BTC, BNB, USDT, and ETH.

Its easy-to-use user interface supports both novice and pro traders. You will notice that during sign up, there are two options: basic and advanced view. You can choose between the two according to your preference.

KYC verification is necessary upon signing up on the exchange divided into two levels: Level 1 and Level 2.

  • Speed: Sometimes, Binance experiences delays between transactions due to the high traffic it experiences. Many users have complained and even sued over long wait times for customer support, or gone to the press due to a lack of customer support.
  • Fees: Binance has among the lowest transaction fees compared to other exchanges, standing at 0.1%. Withdrawal fees often fluctuate to encourage a fair price offer. Futures trading fees are lower, at 0.02% for makers and 0.04% for takers. If you use its native coin, BNB, you land yourself a 50% discount.
  • Reputation: Despite the unpopular reviews on Trustpilot, Binance holds a top option for users. One advantage it holds is the array of services and products it offers its users. The lax customer service is the main drawback of this exchange.

5 BitMEX

BitMEX has had its fair share of legal controversies, which led to a change in governance. In spite of that, it still claims a place among favorable crypto exchanges, best known for its leverage, derivative, and margin trading. There are 16 available cryptos to trade on the platform, with competitive trading fees in the market. The minimum deposit is 0.0001 BTC; bitcoin is also the only payment and depositing option.

Once you create an account, the exchange requires you to prove your identity. Afterward, you can deposit your funds to be stored in a multi-sig cold wallet address. Withdrawals are available every 24 hours; choose a BTC wallet of your choice and take out the amount you need.

BitMEX had its fair share of legal controversies, which led to a change in governance. In spite of that, it still claims a place among favorable crypto exchanges, best known for its leverage, derivative, and margin trading. There are 16 available cryptos to trade on the platform, with competitive trading fees in the market. The minimum deposit is 0.0001 BTC; bitcoin is also the only payment and depositing option.

Once you create an account, the exchange requires you to prove your identity. Afterward, you can deposit your funds to be stored in a multi-sig cold wallet address. Withdrawals are available every 24 hours; choose a BTC wallet of your choice and take out the amount you need.

  • Speed: Decent transaction speeds but has network delays once in a while.
  • Fees: There are no fees during deposit or withdrawal. Makers and takers get a fee of -0.025% and 0.075% respectively on perpetual and some futures trades.
  • Reputation: Even though the exchange has poor ratings on Trustpilot, users agree that it is a decent trading platform. Still, there have been several complaints about the user interface.

6 Bitpanda

Bitpanda is a reputable crypto broker, bringing the digital assets right to you. Even though it charges extra for this supply, the exchange contributes several more services for user convenience. You can explore crypto, metals, saving options, ETFs, swaps, advanced trading for pros, and more.

Bitpanda supports over 20 cryptocurrencies, USD, EUR, GBP, and CHF. As for payment options, the list is quite long, including SEPA, debit/ credit cards, Skrill, bank transfers, etc.

Under the MiFID II, it follows the AML5 regulations to ensure accountable, safe, and transparent crypto undertakings.

  • Speed: Fast registration and verification speeds (approx. 5 minutes)
  • Fees: There is a 1.49% fee on buying and selling crypto and conversion fees for unsupported currencies during deposit.
  • Reputation: Speed: Fast registration and verification speeds (approx. 5 minutes) Fees: There is a 1.49% fee on buying and selling crypto and conversion fees for unsupported currencies during deposit. Reputation: Bitpanda seems to have a significant following on Trustpilot review at 4.5/5 (excellent). Users hail it for good speeds, a great customer support team, and a straightforward user interface.


BTCC is one of the oldest crypto exchanges, founded back in 2011, and serving nearly 1 million users worldwide. The platform offers various crypto, such as BTC, LTC, ADA, ETH, DASH, to mention but a few. The exchange has a constant social media presence on Twitter, making sure to engage its community. It supports credit cards, crypto, and bank wire transfers.

  • Speed: Relatively fast transaction speeds.
  • Fees: Since it’s a cryptocurrency brokerage company, fees may change. Transaction fees stand at 0.1% for both makers and takers. Withdrawal fees are 0.0015 BTC.
  • Reputation: Trustpilot reviews rank it as an average exchange, with a 3.0/5 rating.

8 LocalCryptos

LocalCryptos is a peer-to-peer crypto marketplace that allows you to buy and sell bitcoin, Ethereum, and Litecoin. It currently serves over 100 000 users across 130 countries worldwide, including Poland. The non-custodial platform is an alternative for LocalBitcoins, which supports BTC only. Moreover, its security measures are vamped up compared to LocalBitcoins.

LocalCryptos comes with an additional advantage with over 40 payment methods, including bank transfers, crypto transfer, credit, and debit cards. Also, most fiat currencies are in the mix plus 12 languages, increasing user convenience.

  • Speed: P2P exchange renders LocalCryptos a fast service, with t
  • Fees: Makers and takers are charged 0.25% and 0.75%, respectively. Besides, some transactions incur gas fees for smart contract execution.
  • Reputation: It has a whopping 4.1/5 rating on Trustpilot, with most reviews holding it on high standards for ETH and BTC exchange. Furthermore, they hail its security and privacy features besides its fast service.

9 KuCoin

KuCoin has become a renowned name in the crypto world, being a significant competition for trading fees. It boasts over 8 million users spread out in over 100 countries globally and is a good alternative for Binance. You will be spoilt for choice, considering it supports over 300 digital currencies and 450 pairs.

The exchange has an assortment of trading options, including spot, futures, margin, and over-the-counter trading.

  • Speed: Average transaction and verification speeds
  • Fees: KuCoin has a base fee of 0.1% on all trades, BTC withdrawal fees standing at 0.0004 BTC, and no deposit fees. Futures trading fees range from 0.02% – 0.06%
  • Reputation: It has poor ratings on Trustpilot, with several users complaining about its UIand being locked out of their accounts. Some still state that the exchange is a good crypto trading platform, delivering on its promises.

10 Bittrex

Bittrex, founded in 2013, is a trading platform supporting over 400 cryptocurrencies. The exchange falls under the few that have not suffered a cyber-security breach. Its elastic and multistage wallets ensure that most user funds are stored offline. It further solidifies its security measures through 2FA required for withdrawals.

  • Speed: Fast loading times and transaction speeds.
  • Fees: All trades are subject to a 0.25% commission.
  • Reputation: The exchange is commendable as far as delays are concerned. Besides, its top-notch security, development, and listings are a plus for its users. Clients are happy with its user interface, with a FAQs page for more information. However, customers are discontent with frequent temporary account suspensions.

11 Paymium

Paymium is the longest-standing exchange within Europe, being in the market since 2011. It only supports bitcoin trade, the BTC/EUR pair, and BTC as the crypto payment option. Its services are limited to Europe mostly, with a few countries restricting its use due to regulatory issues.

Deposits and withdrawals are possible using credit/debit cards and SEPA. Its security entails 2FA, AML/KYC policies, password support, and SSL encryption for user data.

  • Speed: Account verification and deposit processing is slow.
  • Fees: Bankcard deposits and withdrawal fees at 8%, BTC transactions are free, a trading fee of 0.5% on takers, -0.1% maker fees, incoming bank wires free, and outgoing bank wires at 0.99 EUR.
  • Reputation: The exchange has a popular opinion on Trustpilot, earning it an excellent status. Users portray that the exchange is a smooth way to trade your BTC.


Is crypto legal in Poland?

Yes, it is legal to buy, sell and trade cryptocurrency in Poland.

For a time, Poland’s relationship with cryptocurrency was a little vague, with it being best described as ‘not illegal’ rather than explicitly legal. Now, however, Poland’s stance towards the emerging technology is far more proactive, adopting legislative procedures and enacting protections for businesses and users alike. Under the European AML V Directive, Poland enacted an anti-money laundering act, better KYC protocols, data protection, greater transparency, as well as proactive countermeasures against suspicious and criminal acts.

Additionally, as of the 31st of October 2021, the Polish Minister for Finance brought into effect an enactment that requires different exchanges and crypto providers to sign up to register under the threat of a 22,000 euro fine. Though certainly steps in the right direction some critics have seen these enactments as a bit lackluster. But, notably, the EU is in the process of drafting up a legal framework for the entirety of the union that could see more enforceable protections and restrictions brought into the space.

So yes, it is perfectly legal and safe to operate through crypto in Poland, and in the coming years, we may see greater degrees of protection brought to bear.

Poland supports crypto possession and trading, regulated by the Poland Financial Supervision Authority (KNF).

Do I need a license to sell cryptocurrency?

No. Still, you should ensure that you file your tax returns on your crypto sale every year.

Does Coinbase work in Poland?

Though not mentioned on the above list of exchanges, Coinbase is a trusted crypto exchange in Poland. Coinbase has higher fees than most of its competitors.

Can you cash crypto for real money?

You sure can! You can cash out of crypto through the exchanges mentioned above, including In fact, with, you don’t even have to cash out — while you can sell Bitcoin for cash and withdraw it to your bank account, using, you can also simply use the crypto debit card to spend crypto directly in any store.

Download the app to order your card!

Is crypto a good investment in 2022?

It’s not our place to give investment advice, although the last few years have certainly seen huge returns for crypto investments.

As for the short-term, there is a risk of losing money to the volatility still connected to digital assets. It is over a decade since the introduction of BTC into the financial markets. Currently, crypto acceptance is spreading like wildfire, and for sure, it will continue to see unprecedented growth in the future.