Why is it profitable to trade cryptocurrencies in Poland?

Cryptocurrencies have remained one of the most popular tools for earning and investing for many years due to the opportunities they offer.

Despite the risky nature of digital assets, they attract traders and long-term investors with the opportunity to achieve high returns and flexibly manage their capital.

But an important part of any trade is taxes, and here Poland offers investors significant advantages.

The tax on profits from cryptocurrencies is 19%, but it is not always necessary to pay it.

First off, yes, the tax rate on cryptocurrency profits in Poland is 19% . It falls under the category of capital gains and is reported in the PIT-38 .

However, the key rule that makes crypto trading in Poland truly profitable is that taxes only apply when cryptocurrency is exchanged for fiat money or when crypto is used to pay for goods and services .

This is expressly stated in the law - Art. 17 ust. 1f :

„Przez odpłatne zbycie waluty wirtualnej rozumie się wymianę waluty wirtualnej na prawny środek płatniczy, towar, usługę lub prawo majątkowe inne niż waluta wirtualna lub regulowanie innych zobowiązań walutą wirtualną.”

Simply put: any crypto-to-crypto transactions are tax-free, including exchanges for stablecoins .

A simple example

Let's say you:

• You exchange 1000 dollars for USDT - this does not create a tax liability;
• Solana tokens with these USDT ;
• The price of SOL rises, you sell it for 1500 USDT - there is a profit, but there is no tax , because this is again an exchange of cryptocurrency for cryptocurrency.

What happens next is even more interesting.

You can:

• exchange 1000 USDT back to dollars ,
• and leave the earned 500 USDT in cryptocurrency .

And again, there is no tax as long as the profit remains in cryptocurrency form.

Polish law does not consider this to be "odpłatne zbycie" because you are not withdrawing funds into fiat or paying for goods or services with them.

Income from staking, farming, and lending is also tax-free until converted to fiat. Polish regulations treat all types of income received in cryptocurrency equally:

All such income is not taxed at the time of receipt unless you convert it into ordinary money or spend it on services and goods.

In fact, you can accumulate cryptocurrency income for years without having to pay taxes.

Why is this beneficial?

For Polish residents, cryptocurrencies are becoming a convenient tool for tax optimization.

You choose when to take your profit in fiat and pay taxes. For example:

• in the year when you have losses on other assets (stocks, bonds, ETFs, forex),
• during the low-income season,
• when it is necessary to reduce the taxable base with other expenses,
• or simply when it is more convenient for you to withdraw your profits in cash or to a bank account.

Until this point, all profits in cryptocurrency grow and are reinvested without paying 19% .

If you live in Poland, cryptocurrency is one of the most flexible tax-deferred instruments. Profits you earn in the cryptocurrency market are tax-free until you exchange them for fiat money or use tokens as a means of payment.

This allows you to plan your financial results in a way that suits you best—withdrawing funds in a losing year, combining income, reducing your tax burden, and effectively managing your capital. Best Broker for Cryptocurrency Trading .