We report the discovery of a bright (V ~ 15), eclipsing, two-pole accreting magnetic cataclysmic variable (CV), a polar, as counterpart of the eROSITA and Gaia transients eRASSt 192932.9-560346 and Gaia21bxo. Frequent large amplitude changes of its brightness at X-ray and optical wavelengths by more than 4 magnitudes was indicative of a CV nature of the source. Identification spectra obtained with the 10m SALT telescope revealed the typical features of a magnetic CV, strong, broad HeI, HeII and hydrogen Balmer emission lines superposed on a blue continuum. Time-resolved photoelectric polarimetry revealed circular polarization to vary from -20% to +20%, and linear polarization from 0% to 10% confirming the system to be magnetic CV of the polar subclass. High cadence photometry revealed deep, structured eclipses, indicating that the system is a two pole accretor. The orbital period determined from the eclipse times is 92.5094 +- 0.0002 min. The X-ray spectrum is thermal only and the implied luminosity is L_X=2.2 x 10^(31) erg/s at the Gaia-determined distance of 376 pc.
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