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How to Buy Crypto or Bitcoin with Mbank

How to Buy Crypto or Bitcoin with Mbank

Adrian Graham
Fact Checked
Aug 31, 2022

If you're looking to buy cryptocurrency with Mbank, there are a few things you'll need to do first. In this article, we'll walk you through the process step-by-step so that you can get started buying crypto with Mbank right away.

If you want to get started quickly, we recommend a platform like eToro EU because they offer fast and cheap EUR and Polish Zloty deposits from Mbank to trade thousands of different assets.

Table of Contents

Platform Highlights

  • Fast and cheap Zloty or EUR deposits from Polish Banks.
  • Zero trading fees on all assets available on the platform.
  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.

Can I Buy Cryptocurrency with Mbank?

Unfortunately, Mbank does not directly offer any products or services through its online banking platform which enables customers to buy and sell cryptocurrencies. However, customers can withdraw Euros (EUR) or Polish Zloty from their Mbank account into a licensed cryptocurrency exchange if they want to invest in the asset class.

It is important that investors sign up to a platform that is licensed by The Polish Financial Supervision Authority and the European Securities and Markets Authority (ESMA).

How to Buy Crypto with Mbank Online

The easiest way to buy Cryptocurrencies like Bitcoin and Ethereum with a Mbank account is with eToro. Their platform offers direct bank transfers from Mbank to trade over 80 cryptos and 8,000+ stocks, ETFs, commodities and more for zero fees. The eToro exchange is fully compliant with financial regulations in Poland and throughout Europe.

You can get started in minutes via Mbank with this simple guide:

  1. Sign up to the eToro platform and verify your identity.
  2. Select the 'Deposit Funds' button on the bottom of your screen to deposit funds from Mbank transfer.
  3. Once the funds from Mbank hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Input the fiat amount you want to buy and execute your trade.

What is Mbank's Cryptocurrency Policy?

Mbank has a clear and concise policy when it comes to cryptocurrency. The bank states that it "does not currently allow the direct purchase of cryptocurrencies through Mbank accounts." However, the bank does permit account holders to buy crypto with a third-party exchange and store cryptocurrencies in an external wallet as long as it is through a regulated platform.

Mbank

About Mbank

Mbank is a Polish bank founded in 1986. It offers a range of banking services including savings and checking accounts, loans, credit cards, and investment products. Mbank is regulated by the Polish Financial Supervision Authority.

Mbank has a long history in Poland, dating back to the founding of Miejski Bank Kredytowy in Bydgoszcz in 1986. Mbank has grown steadily in size and scope since then, and today it serves over 4 million customers across Poland. Mbank offers a wide range of banking products and services, including savings and checking accounts, loans, credit cards, and investment products.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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