Buying crypto at PKO Bank Polski (2023) – Bitcoin in 3 steps
With this clear guide, you will instantly learn how to buy Bitcoin & other crypto from PKO Bank Polski. You will be buying Bitcoins with your PKO Bank Polski card within 3 steps!
How to buy crypto at PKO Bank Polski?
Step 1: open an account with a crypto exchange
Before you can buy crypto with your account at PKO Bank Polski, it is advisable to first open an account at a crypto exchange. A crypto exchange is a party that allows you to buy and sell Bitcoin:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with PKO Bank Polski after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Step 2: verify your account & deposit money
Before you can start investing, you need to verify your trading account. You can verify your account by uploading a copy of your passport and proof of your address. This way, the crypto exchange can verify that you are not using the platform for illegal money laundering.
After your account is activated, you can directly deposit money from your PKO Bank Polski account to the crypto exchange. It is also possible to deposit money with your credit card, but this is a lot pricier.
Step 3: buy crypto with PKO Bank Polski
Now that you have a trading account with funds, you can immediately start buying crypto with PKO Bank Polski. Within the trading platform, you can navigate directly to the crypto asset you want to buy. This can sometimes be a tricky choice: after all, there are hundreds of different altcoins. However, Bitcoin and Ethereum are still by far the most popular cryptocurrencies you can invest in.
Within the order screen, you then enter the amount you would like to buy. This can be a small amount, since Bitcoin, for example, is perfectly divisible. After you send the order to the crypto exchange, the crypto will be in your account within minutes.
It is possible to sell your crypto again at any time: you can then have the money transferred back to your bank account at PKO Bank Polski. Keep in mind that crypto exchanges are not always reliable: by sending your crypto to an external wallet, you avoid losing all your assets in case of the bankruptcy of the underlying crypto exchange.
Analyse what you want to invest in
The smartest investors, invest with a plan. First, ask yourself whether investing in cryptocurrencies really suits you: cryptocurrencies are very volatile, which means you can quickly lose a hefty amount.
Then you can still choose from hundreds of different crypto coins. Altcoins can produce even higher returns, but you can lose even more money with these at the same time.
Then draw up a plan; for example, do you want to actively speculate or buy up crypto for the long term? Creating a smart plan will help you achieve the best results from your crypto investments.
About PKO Bank Polski: stance on crypto & the bank itself
PKO Bank Polski proudly announced that they are the first Polish financial institution to integrate a commercial solution based on blockchain technology. Therefore, it appears that the bank has no problems with the technology behind cryptocurrencies. Therefore, it poses no difficulties to buy crypto with your PKO Bank Polski account at a reliable exchange.
The bank itself has a long history; Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna was founded in the year 1919 and has since become Poland’s largest bank. The bank is also well known as the PKO Bank Polski S.A. or PKO BP S.A. Translated into English, the name means “general savings bank.
The bank has over dam 1000 branches across Poland and a market capitalization of over 10 billion euro. This makes the bank not only one of the largest in Poland, but also one of the largest in Central Europe.
Can you buy Bitcoin at PKO Bank Polski?
Unfortunately, you cannot buy Bitcoins and other crypto directly from PKO Bank Polski. However, the bank is starting to work with blockchain technology, so maybe in the future the bank will offer crypto transactions to its customers. Until then, you can fortunately link your bank account to a crypto exchange without any problems. Earlier in this article, I explain in detail how you can buy crypto with your PKO Bank Polski account.