How to Buy Crypto with mBank

Can I Buy Bitcoin with mBank?

Yes, mBank allows its customers to invest in cryptocurrencies such as Bitcoin and Ethereum. The bank permits transfers to regulated cryptocurrency exchanges within Poland, complying with the financial regulations set by the Polish Financial Supervision Authority (KNF). mBank enables transactions in Polish Zloty (PLN) and Euros through BLIK, local transfers and debit cards.

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How to Buy Crypto with mBank

mBank customers can invest in cryptocurrencies through regulated exchanges. We recommend using Bybit, a globally recognized platform adhering to strict financial regulations. Bybit offers a vast selection of over 1,200 cryptocurrencies and supports deposits in PLN and EUR via bank transfers, BLIK, credit cards, debit cards, and digital wallets such as Apple Pay and Google Pay.

To buy crypto with mBank on Bybit, follow these steps:

1. Create an Account: Visit Bybit's website and sign up for a new account.
2. Deposit Funds: After verifying your account, go to the 'Buy Crypto' section and select your preferred deposit method to add PLN or EUR.
3. Select Asset: Choose the cryptocurrency you want to purchase and specify PLN or EUR as your deposit currency.
4. Complete Trade: Enter the amount you wish to invest and complete the transaction.

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What are the Fees?

Understanding cryptocurrency exchange fees is crucial to avoid unexpected charges. These costs typically include deposits, trading, and withdrawals. Trading fees usually range from 1% to 2% on most platforms.

For mBank users, Bybit is a recommended choice due to its competitive fee structure. Bybit charges only 0.1% for spot trading and offers a futures maker/taker fee of 0.02%/0.06%. Additionally, Bybit supports free deposits in Polish Zloty (PLN) and Euros (EUR) via bank transfers and SEPA transfers.

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Is mBank Crypto Friendly?

Yes, mBank is crypto-friendly, allowing customers to invest in digital assets through reputable exchanges. The bank adheres to Poland's regulatory framework, overseen by authorities such as the Polish Financial Supervision Authority and the National Revenue Administration.

In Poland, cryptocurrency activities are regulated, with businesses required to comply with stringent Anti-Money Laundering (AML) standards set by the Polish AML Act. mBank integrates these regulations to provide a secure platform for digital currency transactions, balancing innovation with strict compliance and consumer protection.

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About mBank

mBank is the largest Polish bank offering personal and corporate accounts, loans, mortgages, and investment services. Renowned for digital innovation, it provides robust online and mobile banking platforms. Adhering to Polish Financial Supervision Authority standards ensures security and compliance. Our analysis found that mBank does not block transfers to regulated crypto exchanges, supporting cryptocurrency investments within a secure framework.

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Bottom Line

In conclusion, mBank is a crypto-friendly institution that supports secure investments in cryptocurrencies like Bitcoin and Ethereum. By adhering to stringent Polish regulations and offering seamless transactions in PLN and EUR, mBank provides a reliable platform for cryptocurrency trading. For users, Bybit is an excellent choice due to its low fees and extensive crypto offerings.