Summary: mBank doesn't facilitate the direct purchase of cryptocurrencies through its banking interface, but it allows clients to send money to regulated digital asset exchanges for the purpose of investing in tokens like Bitcoin. The bank supports transfers of Polish Zloty (PLN) to secure and reliable trading platforms through various methods, facilitating a seamless entry into digital currency investing.
For mBank customers, Bybit is the best option thanks to its immediate and free PLN deposits, which can be used to buy, sell and trade over 990 cryptocurrencies. Bybit is one of the largest digital asset exchanges globally, with over 18 million registered users in 160 countries, which includes Poland. As an internationally accessible platform, it provides a multilingual interface available in Polish, and provides live customer support in the language.
- 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 mBank?
Yes, mBank makes it convenient to transfer Polish Zloty to regulated crypto exchanges in Poland. Once you've added funds to your broker account, you can acquire Bitcoin, Ethereum, and other digital currencies. It's important to note that mBank doesn't directly offer cryptocurrency, they facilitate bank transfers to authorized platforms. Finding an exchange overseen by credible authorities like the Polish Financial Supervision Authority (KNF) is essential to ensure the security of your investments.
How to Buy Crypto with mBank
If you're an mBank account holder interested in trading Arbitrum, Tether or other digital assets, the safest method is to use a trusted cryptocurrency investing platform. Bybit is the best option as it supports free deposits in Polish Zloty through various channels, including bank transfers, credit cards, SEPA, and Przelewy 24. Following your successful deposit, you will have access to hundreds of popular digital currencies with low fees.
To get started investing in digital assets, follow this simple guide:
- Open Account: Create a free Bybit account and complete the verification process.
- Choose Payment Method: Tap ‘Buy Crypto’ and select one of the available options.
- Pick Deposit Option: Choose ‘PLN’ as your fiat currency and find your preferred payment method.
- Execute Trade: Select your desired cryptocurrency, input the amount you want to purchase, and complete your trade.
mBank Cryptocurrency Policy
mBank provides a supportive framework for its customers interested in cryptocurrencies by enabling the transfer of Polish Zloty to certified exchanges. While the bank itself doesn't directly handle the buying or selling of digital assets, it is an intermediary linking traditional banking to the dynamic world of crypto. To secure your digital investments, is is suggested to join a trading platform that is overseen by established financial regulators, such as the Polish Financial Supervision Authority (KNF).
Digital Asset Investing Fees
For those contemplating cryptocurrency investments, it's crucial to be aware of the associated fees. Here's a brief rundown of the costs you may encounter when using an exchange:
- Deposits: mBank generally doesn't levy charges for transferring Polish Zloty with bank transfers and Przelewy24. However, if you're dealing with exchanges that use other currencies, currency conversion fees may apply.
- Spreads: On many reputable exchanges, you'll find a crypto spread of approximately 1%. A spread is the gap between the buy and sell prices, a narrower spread is usually more affordable for traders.
- Withdrawals: Based on our reviews, withdrawals of Polish Zloty back to your bank account from an exchange are no more than 50 PLN.
By using mBank for your crypto ventures with KNF-approved platforms like Bybit, you can expect quick transactions, reasonable fees, and a secure investment experience.
What is mBank?
mBank, a pioneering entity in the digital banking sphere, has firmly established itself as a leader in innovative financial solutions. Renowned for its focus on customers, it integrates advanced technology with a broad range of products and services, catering to both individual and business clients. It offers a comprehensive suite of banking services, including online transactions, personal and commercial loans, investment options, and savings accounts.
What sets mBank apart is its commitment to leveraging cutting-edge digital tools and AI to personalize customer experiences, streamline processes, and enhance accessibility, making banking more efficient and accessible for a diverse clientele. The bank's dedication to continuous technological advancement and customer satisfaction has not only won it numerous accolades but also positioned it as a key player in shaping the future of digital banking.
Final Thoughts
In conclusion, while mBank does not directly facilitate cryptocurrency purchases, it enables seamless transfers of Polish Zloty to certified exchanges. For investors in Poland, Bybit is the best option as it offers a multilingual interface, low investment fees, a wide range of digital assets, multiple markets and live Polish-speaking customer support. Besides trading, Bybit has lending and borrowing capabilities, an NFT marketplace, staking services 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.
