We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin & Crypto in Colombia
-
Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
-
eToro- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
-
CEX.io- Support for many countries and regions
- SEPA & credit card supported
- Trusted exchange around since 2013
Coinmama Popular Buy Bitcoin Read Review
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.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
eToro Popular Buy Bitcoin Read Review
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.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
CEX.io Buy Bitcoin Read Review
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.
We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.
- Support for many countries and regions
- Low 0.2% trading fee
- Established and trusted exchange
- Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
- GBP market lacks liquidity
Bitpanda Popular Buy Bitcoin Read Review
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.
Our guide will show you how to buy bitcoins with a credit card on Bitpanda.
We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.
- Some of the lowest fees for buying bitcoins with credit/debit card
- Reliable and trusted broker
- Fees aren't shown openly on the site but instead included in the buying price
Kraken Buy Bitcoin Read Review
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
LocalBitcoins Popular Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Buda Buy Bitcoin
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.
- Fast way to buy bitcoins
- Good liquidity, meaning prices are good
- High limit of $10,000 per month for those who complete full verification
- Not private since identity verification is required
- Very low limit of $100 per month for basic verification level (which includes ID number)
SatoshiTango Buy Bitcoin
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.
- 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
- 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
Bitcoin ATMs Buy Bitcoin
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%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
Mycelium Local Trader Buy Bitcoin
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
- Easy and cheap way to buy bitcoins with cash
- Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
-
Chapter 1
Bitcoin & Cryptocurrency Trading in Colombia
One of the easiest ways to buy Bitcoin in Colombia is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in Colombia, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
COMPARISON
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. You can locate Bitcoin ATMs in Colombia using our Bitcoin ATM Map.
-
Chapter 2
Top Bitcoin & Cryptocurrency Exchanges in Colombia
Colombia has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
- Popular Exchanges to Buy Bitcoin & Crypto in Colombia
- Coinmama
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- eToro
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
- CEX.io
- Support for many countries and regions
- SEPA & credit card supported
- Trusted exchange around since 2013
-
Chapter 3
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
Secure storage for any cryptocurrency
Visit WebsiteThe Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Temporary Wallet
Atomic Wallet
Best for storing crypto for short period of time
Learn MoreAtomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Best for Desktop
Electrum
Simple yet powerful desktop wallet
Learn MoreElectrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
-
Chapter 4
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.
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.
-
Chapter 5
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 - see the map below:
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.
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 nieghboring 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?
The current price of Bitcoin in Colombia is COP 39,296,750.64, however this amount changes every minute, so always check the value on your local exchange.
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 possible list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.
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 CoinATM Radar to find Bitcoin ATMs in your city if you wish to exchange your Bitcoin for cash in the quickest amount of time.
Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins 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.
