Expanded Guide to Bitcoin ATMs in Warsaw/Poland (updated 02.08.2023)

The spread of Bitcoin ATMs in Europe and Poland

At the time of this writing on 02/08/2023, there are 1,459 Bitcoin ATMs in the European Union. Countries with a large number of Bitcoin ATMs are Spain (284), Austria (119) and Poland (258). Warsaw, the capital of Poland, leads the way in terms of a significant number of Bitcoin ATMs (84). Recent regulations, including the ban on anonymous Bitcoin wallets in the EU, have affected the Bitcoin ATM industry.

There is growing interest in Bitcoin in Poland, with 124 Bitcoin ATMs operating in the country, according to a Bitrefill report. These ATMs are subject to the country's anti-money laundering (AML) regulations under the Financial Supervisory Commission (FSC), and there are no legal obstacles restricting their operation.

Where are the Bitcoin ATMs in Poland, and how many are there?

Indeed, there is a sizable number of Bitcoin ATMs in Poland. According to Coin ATM Radar, there are a total of 258 Bitcoin/Teller ATMs in the country. These machines support various cryptocurrencies, including Bitcoin (BTC), Lightning BTC (LBTC), Bitcoin Cash (BCH), Ether (ETH), Dash (DASH), Litecoin (LTC), Zcash (ZEC), Monero (XMR), Dogecoin (DOGE), Tether (USDT) and Ripple (XRP). They support both buy and sell operations.

Here are the main cities in Poland with Bitcoin ATM installations:

• Warsaw (84)
• Krakow (44)
• Gdansk (18)
• Wroclaw (17)
• Katowice (14)
• Bialystok (6)
• Gliwice (5)
• Częstochowa (4)
• Torun (4)
• Szczecin (6)
• Lodz (9)

Bitcoin ATMs in Warsaw: Locations and Operators

Bitcoin ATMs in Warsaw are conveniently located and can be found in many key locations such as shopping malls, gas stations and even restaurants. Some of the very accessible places to buy Bitcoins in Warsaw are Circle K stations.

Here's a list of some popular locations with Bitcoin ATMs in Warsaw, along with commissions (current as of 02/08/2023). Bitcoin ATMs have been sorted from the most private to the largest operators:

Shitcoins Club

• Circle K Fuel Station (Buying: 1.6%, Selling: 0.9%)
• Bitcoin ATM Warsaw Bielany (Buying: 1.6%, Selling: 0.9%)
• Bitcoin ATM Warsaw Center (Buying: 1.6%, Selling: 0.9%)
• Europlex (Buy: 1.6%, Sell: 0.9%)
• Grochów Gallery (Buying: 1.6%, Selling: 0.9%)
• M1 Brands (Buy: 1.6%, Sell: 0.9%)

FlyingAtom

• Powisle Power Plant (Buy: PLN 30 & 5.2%, Sell: 4.6%)
• Renova Gallery (Buying: PLN 30 & 5.2%, Selling: 4.6%)
• Galeria Bemowo (Buying: PLN 30 & 5.2%, Selling: 4.6%)
• Skorosze Center (Buy: PLN 30 & 5.2%, Sell: 4.6%)
• Galeria Młociny (Buying: PLN 30 & 5.2%, Selling: 4.6%)
• Rondo Wiatraczna shopping mall (Buying: PLN 30 & 5.2%, Selling: 4.6%)
• Everest-Nepal Restaurant (Buy: PLN 30 & 5.2%, Sell: 4.6%)

CASHIFY

• Circle K, Wild (Buying: 4.7%, Selling: 6.9%)
• Circle K, Towarowa (Buying: 4.7%, Selling: 6.9%)
• Circle K, Powstańców Śląskich (Buying: 4.7%, Selling:6.9%)

Lord's Corner

• (Buying: 5.4%, Selling: 6.2%)

Zlote Tarasy

• (Buying: PLN 25 & 6.4%, Selling: PLN 10 & 7.2%)

Bcash Booth

• (Buying: 4.9%, Selling: 10.6%)

Other

• Marriott Hotel (LIM Center)
• MetaWarsaw24 Kantor Exchange
• Stationary Cryptocurrency Exchange
• Atrium Targówek
• Circle K, Pulawska
• Bitcoin exchange Bitmona.co
• Marszalkowska Center
• Kantor1913.Exchange Crypto
• TattooMoney - La Onda Inc. Tattoo & Piercing Studio
• Quark - Bitcoin exchange
• FlyingAtom - Kantor FlyingAtom
• Bobby Burger

Keep in mind that the above commissions are shown as of 02/08/2023. In terms of long term averages, the lowest fees are maintained by the Shitcoins.club operator, probably due to the fact that it is the largest operator with more than 220 locations on 9 continents, so it can maintain discount offers due to its scale.

How to use a bitcoin ATM in Warsaw

• Find the nearest ATM: Use the Coin ATM Radar service to find the nearest Bitcoin ATM.
• Scan the Bitcoin QR code: At the ATM, select the option to buy Bitcoin, then scan the QR code of your wallet's receiving address.
• Enter cash: Enter your money into the machine.
• Confirm the transaction: Confirm the transaction details and complete the purchase.
• Receive Bitcoin: Your Bitcoins will then be sent to your wallet.

Remember that Bitcoin ATMs now require identity verification due to "Know Your Customer" (KYC) and anti-money laundering (AML) regulations. This may include verification of a phone number and, in some cases, presentation of a valid ID. Verification limits in Warsaw range from 

Costs and fees

Bitcoin ATM transaction costs can vary depending on the operator and the specific device. On average, a $1,000 transaction can cost about $5. However, you may choose to pay a higher fee for a faster transaction.

Legality and security of bitcoin in Poland

Yes, it is perfectly legal to buy, trade, own and sell cryptocurrencies in Poland, as stated by the Financial Supervision Commission (KNF). As for security, your digital wallet is secured through encryption and is protected by passwords and legitimate IDs. Therefore, using a Bitcoin ATM is generally safe, but not unconditionally so, as the security of transactions depends on keeping your credentials private. A cryptocurrency, like Bitcoin, can only be sent if someone has the proper credentials to authenticate it, such as the private key or QR code associated with your digital wallet.

Moreover, some banks in Poland are cryptocurrency-friendly. PKO BP, for example, does not impose any internal banking policies that restrict their clients and customers from trading and owning digital assets.

Useful information about Bitcoin ATMs in Warsaw and Poland

Can I find bitcoin ATMs in Poland?

Absolutely, Bitcoin ATMs are readily available in Poland. According to the latest data from Coin ATM Radar, there are about 114 Bitcoin ATMs in Poland, contributing to the total number of Bitcoin ATMs in the European Union (1459 Bitcoin ATMs).

Are bitcoin ATMs operating legally?

Yes. For transparency in transactions and to comply with these regulations, Bitcoin ATMs may sometimes ask for the user's cell phone number to send a verification code, especially for larger transactions.

What are the fees for a $100 transaction at a Bitcoin ATM?

Transaction fees at Bitcoin ATMs can vary. On average, they range from 13% to 15%. That is, if a particular Bitcoin ATM charges 15%, it means you will have to pay an additional $15 to your $100 transaction.

Is it legal to use bitcoin in Poland?

Absolutely, the use of Bitcoin in Poland is perfectly legal. The Polish Financial Supervision Authority, or KNF, has confirmed that consumers are allowed to buy, sell, trade and own cryptocurrencies, including Bitcoin.

Which banks in Poland support cryptocurrency transactions?

PKO BP, one of Poland's leading financial institutions, is known for its friendly approach to cryptocurrencies. This bank does not have any restrictive policies that would prevent their customers from owning or trading digital assets.

Where can I find a bitcoin ATM in Poland?

One of the available Bitcoin ATMs in Poland is the one located in the underground of the Warsaw Electronic Exchange at 208 Niepodległości Avenue. It is open 24/7. You can check the location of this Bitcoin ATM on Google Maps: Bitcoin ATM Warsaw on map.

Bitcoin transaction fees

What would be the fee for a $1,000 transaction at a Bitcoin ATM? While fees can vary, you can expect to pay around $50 for a $1,000 transaction, depending on the fee structure of your particular ATM. Many larger operators, such as Shitcoins.club, offer an average of $30 per $1,000.

Tracking Transactions

Is my bitcoin ATM transaction being tracked?

Bitcoin ATMs operate with an emphasis on maintaining user privacy, respecting the principle of anonymity that cryptocurrencies such as Bitcoin represent. However, in order to prevent fraudulent transactions, some ATMs may require means of identification, including verification of a phone number, photo and even a government-issued ID for larger transactions.

Do I need to show ID at a bitcoin ATM?

The identification requirement varies from one Bitcoin ATM to another. Some may ask for:

• phone number verification,
• photo,
• or even a scan of a government-issued identity document, such as a passport or driver's license.

Transactions for smaller amounts often require minimal or no identification, offering users greater privacy. For example, Bitcoin ATM operator Shitcoins Club offers a limit of €15,000 per day, or €1,000 per transaction.

Profitability of Bitcoin ATMs

Are bitcoin ATMs a profitable business?

Yes, operating a Bitcoin ATM can prove to be quite profitable. Industry fees for Bitcoin ATM operators tend to be higher compared to traditional ATMs, and the volume of transactions can be substantial, leading to a decent revenue stream when the ATM is operational.

Bitcoin ATM Limits

Is there a maximum limit for bitcoin ATMs?

The transaction limit for Bitcoin ATMs is usually between $2,500 and $8,000. However, it can be lower for some ATMs, depending on the amount of Bitcoin available at any given time. In Warsaw, there are usually no such limits.

Withdrawals from Bitcoin ATMs

Can I withdraw cash from a bitcoin ATM?

Yes, you can. Bitcoin ATMs allow you to withdraw cash. To do so, you send your Bitcoin to a QR code provided by the ATM, wait a few minutes for the transaction to be processed, and then collect your cash. This offers a simple way to convert your digital assets into physical currency.

Summary

With Bitcoin ATMs becoming an increasingly important part of the cryptocurrency landscape, Warsaw stands out as a city that has embraced this change. Whether you're an experienced cryptocurrency trader or just getting started with Bitcoin, these ATMs offer a convenient and simple way to manage your cryptocurrency assets. Happy investing!