Which app can i use to buy bitcoin in colombia

Buy Crypto & Bitcoin in Colombia

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  • Popular Exchanges to Buy Crypto & Bitcoin in Colombia

  • Popular

    eToro exchange logo

    eToro

    BUY NOW

    at eToro’s Secure Site

    Fees

    Varies by crypto/spread

    Account Minimum

    $50

    Promotion

    None

    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    • Does not support credit card buys for US users.

    Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

eToroeToro

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Cryptoassets are highly volatile. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Pros

  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use

Cons

  • You cannot deposit cryptocurrency, but you can deposit with other payment methods

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Ease of Use

Easy

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Privacy

Low

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Speed

Average

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Fees

Low

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Reputation

Trusted

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Limits

High

CoinmamaCoinmama

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker

Cons

  • Some of the highest fees among credit/debit card bitcoin brokers

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Ease of Use

Easy

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Privacy

Low

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Speed

Fast

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Fees

Average

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Reputation

Trusted

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Limits

High

CEX.ioCEX.io

CEX.io

CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.

Pros

  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange

Cons

  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity

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Ease of Use

Average

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Privacy

Low

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Speed

Average

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Fees

Average

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Reputation

Trusted

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Limits

Average

Read Review

BitpandaBitpanda

Bitpanda

Bitpanda is a Bitcoin broker based in Europe.

They have high payment limits and low fees across their wide range of payment methods.

Bitpanda offers customers the option to buy bitcoins with credit card, debit card, SOFORT, Skrill, NETELLER, giropay, eps, SEPA, and Online Bank Transfer.

Pros

  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker

Cons

  • Fees aren’t shown openly on the site but instead included in the buying price

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Ease of Use

Easy

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Privacy

Low

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Speed

Fast

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Fees

Low

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Reputation

Trusted

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Limits

High

PaybisPaybis

Paybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros

  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods

Cons

  • No traditional orderbook for advanced traders

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Ease of Use

Easy

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Privacy

Low

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Speed

Average

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Fees

Low

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Reputation

Trusted

limits icon

Limits

High

BudaBuda

Buda

Buda is a Bitcoin exchange for Chile, Peru, Argentina and Colombia, backed by investors from the United States. You can fund your exchange account using online bank transfer in all four countries. Cash can be used in Peru and Colombia. Funds are usually available within 3 hours if the transfer is made during the week during working hours.

Pros

  • Fast way to buy bitcoins
  • Good liquidity, meaning prices are good
  • High limit of $10,000 per month for those who complete full verification

Cons

  • Not private since identity verification is required
  • Very low limit of $100 per month for basic verification level (which includes ID number)

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Ease of Use

Hard

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Privacy

Low

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Speed

Average

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Fees

Varies

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Reputation

Trusted

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Limits

High

SatoshiTangoSatoshiTango

SatoshiTango

SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.

Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.

Pros

  • One of the best ways to buy bitcoins in the countries it covers
  • Allows for the payment of utility bills and the purchase of airtime with bitcoin

Cons

  • Not private since identity verification is required
  • Due to regulations, a separate account is needed for each fiat currency SatoshiTango accepts; USD, EUR and ARS

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Ease of Use

Hard

privacy icon

Privacy

Low

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Speed

Average

fees icon

Fees

Low

reputation icon

Reputation

Trusted

limits icon

Limits

High

Bitcoin ATMsBitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros

  • Our map makes it super easy to find a Bitcoin ATM near you

Cons

  • Bitcoin ATMs often have 5-10% fees per purchase

Bitcoin & Cryptocurrency Trading in Colombia

In 2022, Colombia has far exceeded all other Latin American countries in bitcoin trading volume reaching approximately $27 million(USD) in the last six months. With this scale of adoption in the country the government of Colombia announced plans to launch it’s own digital currency. It was stated that one of the purposes would be to curb tax evasion and enhance tracing of financial transactions made by citizens.

In December 2021, Gemini announced a partnership with Chile’s largest bank, Bancolombia, to facilitate crypto trading in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) through the bank services.

Even with this partnership one of the easiest ways to buy Bitcoin in Colombia is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Colombia in the list shown above. You can easily select one based on your requirements and preferences using our guide. Each exchange will have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be considered.

Additionally, certain exchanges might require the Bitcoin buyer to purchase a digital wallet before they are able to buy the digital currency on their exchange. Even if the exchange does not require a wallet, it is recommended that you have a wallet of your own for security reasons (and preferably, a hardware wallet).

Another way to buy Bitcoins in Colombia is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren’t totally private.

Best Bitcoin Wallets for Colombia

There are three main types of Bitcoin wallet and all of them are supported in Colombia:

  • Software (desktop or mobile – iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It’s easy to use, but has advanced features.

Ethereum How to Buy Ethereum in Colombia

Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Colombia that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in Colombia that Support Ethereum

  • eToro
    • Supports Ethereum buying & selling

    Coins supported:
    Ethereum btc ltc doge

  • Bitpanda
    • Supports Ethereum buying & selling

    Coins supported:
    Ethereum btc ltc doge usdt

  • Coinmama
    • Supports Ethereum buying & selling

    Coins supported:
    Ethereum btc ltc

Litecoin How to Buy Litecoin in Colombia

Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Colombia that allow you to buy litecoin and other crypto assets for good exchange rates.

  • Exchanges in Colombia that Support Litecoin

  • eToro
    • Supports Litecoin buying & selling

    Coins supported:
    Litecoin btc eth doge

  • Bitpanda
    • Supports Litecoin buying & selling

    Coins supported:
    Litecoin btc eth doge usdt

  • Coinmama
    • Supports Litecoin buying & selling

    Coins supported:
    Litecoin btc eth

Exchange Hacks and Crypto Scams in Colombia

Me Coin Scam

In August of 2018, the founders of Me Coin closed up shop and skipped the country with $60 million worth of clients money.

mecoin logo

Me Coin’s horrible low resolution logo that inspires 0 confidence.

However, no one should have been surprised. Me Coin was offering its customers a guaranteed 50% monthly returns on investment. Such returns are impossible to guarantee, and can only be achieved through organizing the company on a Ponzi scheme.

When the founders could no longer keep the illusion going, they simply took everyone’s money and left.

All in all, it is beleived that more than 4,000 customers were scammed out of their Bitcoins, many of whom invested into Me Coin after personally meeting the founders face to face across the country.

SBlock-Trade Scam

In July of 2020, the Better Business Bureau issued a warning about a company calling itself SBlock-Trade. The company purports to be an online investment platform for cryptocurrencies and forex trading.

SBlock-Trade is reported to solicit customers to send them Bitcoin and in return they will return an ROI. They claim to have made 187% on their investments over 60 days, and guarantees returns of 30-50% within the first week.

There are several red flags about this company, most notably that it claims to be based out of the Canadian city of Nova Scotia, even though there is no city of Nova Scotia in Canada (NS is a province, similar to a state). They also claim to have offices in the United Kingdom and Bogota, Colombia.

Canadian officials have confirmed that SBlock-Trade is not licensed to operate such an exchange in Canada so customers should beware.

Its website is, however, no longer running.

FAQ

Does Coinbase work in Colombia?

Coinbase ONLY allows crypto-to-crypto conversions conversions for Colombian resident as of September of 2020.

Where Can I Find a Bitcoin ATM in Colombia?

You can find Bitcoin ATMs all over Colombia.

You can use our Bitcoin ATM finder tool to find one near you.

Bitcoin ATMs are a very hot commodity in Colombia due to its close proximity to Venezuela.

As you may or may not know, not long ago, Venezuela was the wealthiest country in South America due to its vast oil reserves. Its then leader Hugo Chavez eventually nationalized the oil reserves began to use the proceeds to fund large welfare programs for the country’s poor.

country image

When oil prices collapsed and overspending on programs bloated, the economy died

Unfortunately, this resulted in massive debt and overspending that the country could not handle. This was especially true after oil prices drastically fell.

To remedy the situation, Chavez began printing money so to create programs that would pay for various necessities of the people, but this resulted in hyperinflation that continues to today under leader Nicolas Maduro. It’s so bad in fact, that the currency is essentially worthless. Bitcoin became a useful tool for Venezuelans, however attaining it can be difficult except through bribery and corruption.

One avenue that has been very popular is for relatives in neighboring Colombia to buy it at ATMs and send it to Venezuealans across the border. Sometimes Venezuelans will also cross the border themselves and buy Bitcoin at the ATMs.

For a more in depth look at how Colombia is affected by the civil unrest and hyperinflation in Venezuela, and the role Bitcoin is playing as an exit hatch for Venezuelans, check out Peter McCormack’s Defiance TV episode on this topic below:

What is the price of Bitcoin in Colombia?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Which stores accept Bitcoin in Colombia?

Bitcoin is accepted at lots of stores and service providers all over Colombia. So many, in fact, that we couldn’t possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.

map of stores that accept bitcoin

The colored sections indicate areas where there is heavier acceptance of Bitcoin

How do I cash out of Bitcoin in Colombia?

Any exchange with a Euro trading pair will allow you to sell your Bitcoin for fiat currency. Bitpanda and Bitcoin.de has COP trading pairs for many popular coins.

You can also use our Bitcoin ATM finder tool to find the one nearest you.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you’ll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author

jordan tuwiner

Written by Jane