Summary: Nest Bank caters to its client's evolving needs in the digital asset space by enabling secure transfers to exchanges in compliance with the financial regulations in Poland. It's important to highlight that while the bank doesn't directly offer crypto trading services, it does facilitate the safe movement of funds to platforms overseen by the Polish Financial Supervision Authority (KNF) for regulatory compliance.
After conducting a comprehensive evaluation of leading exchanges, we have concluded that Bybit is an excellent option for Nest Bank customers. Bybit provides access to a diverse range of over 1000 cryptocurrencies, which can be traded on spot, options, or futures markets with leverage. As a global platform, it has a multilingual interface that can be used in several languages, including Polish.
- Instant and free Polish Zloty (PLN) deposits from any bank, debit or credit card.
- Buy 940+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 18 million users worldwide.
Can I Buy Bitcoin with Nest Bank?
Certainly, customers of Nest Bank can acquire and trade digital currencies such as Bitcoin and Arbitrum through cryptocurrency trading platforms in Poland. It's essential to select an exchange regulated by the Polish Financial Supervision Authority (KNF) to ensure both compliance with local laws and the security of your investments. After transferring Polish Zloty to a KNF-approved platform, you can proceed to purchase a wide selection of tokens with your funds.
How to Buy Crypto with Nest Bank
If you're a Nest Bank customer interested in diving into the world of digital assets, you can securely purchase and trade crypto on investing platforms. After meticulous evaluation, we recommend Bybit for its extensive investment offerings. The platform supports free and instantaneous PLN deposits through multiple methods, such as bank transfers, credit cards, Przelewy24, PayPal, and SEPA transfers.
To kickstart your cryptocurrency investment journey, adhere to these simple steps:
- Open an Account: Register on Bybit and follow the verification requirements.
- Select Payment Method: Head to the ‘Buy Crypto’ section and pick one of the deposit options.
- Pick Currency: Choose ‘PLN’ as your deposit currency and pick a payment method to transfer money from Nest Bank.
- Buy Token: Find your desired cryptocurrency and complete your trade.
Nest Bank Cryptocurrency Policy
Nest Bank is steadfast in its commitment to financial innovation while strictly adhering to all applicable Polish regulations. We encourage our customers to explore the realm of digital assets by opting for platforms approved by the Polish Financial Supervision Authority (KNF). We recommend Bybit as it is compliant with multiple regulatory bodies. It is also one of the few exchanges that provides regularly updated proof-of-reserves showing assets are held 1:1.
Digital Asset Investing Fees
It's crucial to be aware of the different expenses that come with investing in digital assets. Below is an outline of the most frequent fees levied by trading platforms:
- Trade Fees: Whenever you purchase or offload a cryptocurrency, the exchange typically charges a fee. For instance, Bybit deducts 0.1% of the total transaction value each time you engage in buying or selling a digital asset on spot markets.
- Deposit Charges: The fee for adding funds to your account varies based on your chosen payment method. Credit or debit cards often come with fees exceeding 2%, whereas bank and Przelewy24 are generally free.
- Withdrawal Expenses: The fee for taking out your assets depends on the specific cryptocurrency. A standard charge on many platforms is 0.0005 BTC for Bitcoin withdrawals.
Nest Bank clients have the advantage of accessing a broad range of digital assets via Bybit. We advocate for this platform due to its competitive investment fees and extensive cryptocurrency offerings.
What is Nest Bank?
Nest Bank is a Polish financial institution that offers a wide selection of banking services tailored to meet the diverse needs of individuals, families, and businesses. Specializing in personal finance, the bank provides a range of products, including savings accounts, personal loans, and investment options, all designed with flexibility and customer convenience in mind.
The bank places a strong emphasis on digital banking solutions, offering an intuitive online platform and mobile app to ensure that banking tasks can be completed easily and securely from anywhere. With a commitment to transparency, ethical practices, and community engagement, Nest Bank has established itself as a reliable and innovative choice for those seeking a modern banking experience.
Final Thoughts
To recap, Nest Bank approves customer’s transfers to approved platforms. We recommend Bybit for its wide selection of over 940 digital assets that can be traded on multiple markets with competitive fees. It’s a great option for investors in Poland as it can be used in Polish and accepts PLN deposits through multiple payment methods. Besides trading, Bybit offers staking services, crypto loans, an NFT marketplace, a cryptocurrency car, and more.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
