How To Buy Bitcoin in Colombia?
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Easiest and cheapest ways to buy crypto in Colombia
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Colombia is a bit harder than in some other countries so we have compiled a list of exchanges where Colombian citizens can buy bitcoin.

Deposit fees:
1.2% Withdrawal fees:
1.2% Trading fees:
0.4% β 0.8% Payment Methods:
Bank Transfer Supported fiat:
COP, CLP
Β Fast way to buy bitcoins
Β Good liquidity, meaning prices are good
Β 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)

eToro





eToro is a crypto exchange platform mostly popular for its advanced copy trading feature. Aside from being extremely reliable, eToro is also one of the oldest exchanges in the community; it was launched in 2007 with headquarters in Cyprus.
More info +
Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Β Unique features such as Social Trading and βVirtual Hubβ
Β Simple interface
Β Competitive fees
The minimum trade amount is very low
There arenβt many supported cryptocurrencies
American citizens can only trade cryptos on the platform

Kraken





Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.
More info +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16%Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
Β Available almost worldwide
Β High security
Β Over 90 cryptocurrencies
Various payment methods
Fees slightly above the industry average
No tax support
Best Bitcoin Wallets in Colombia
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Slovenia?
- How To Buy Bitcoin in Uruguay?
- How To Buy Bitcoin in Nicaragua?
- How to Buy Bitcoin in Guatemala?

Coinmama





Coinamma is one of the oldest cryptocurrency exchanges since it was launched back in 2013. The headquarters of the company is in Slovakia and its founders are Laurence Newman, Nimrod Gruber, and Ilan Schuster.
More info +
Deposit fees:
0 β 5 % Withdrawal fees:
None Trading fees:
2.9 β 3.9 % Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill Supported fiat:
USD, EUR, GBP, CAD, AUD
Β Simple, user-friendly interface
Β Various ways to deposit such as bank transfers or via credit card
Β Suitable for beginners
No withdrawal fee
Available in almost all countries
No mobile app and no staking
No phone number for customer support

Paybis





Paybis is a cryptocurrency exchange based in Scotland and in the UK. It was launched back in 2014 so it has longevity on the crypto market. The exchange has offices in Glasgow, as well as in Riga, Latvia.
More info +
Deposit fees:
Free (there is a transaction fee β 2.49%) Withdrawal fees:
Free Trading fees:
0.99 β 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
Β A lot of payment methods and fiat currencies supported
Β It is regulated
Β The longevity of the crypto market
Easy-to-use interface
The number of supported cryptocurrencies could be higher
No advanced trading featuresΒ

Binance





Binance was launched back in July of 2017 and very quickly became the worldβs largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
More info +
Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β The largest cryptocurrency platform
Β Various advanced services and features
Β Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019

Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies Withdrawal fees:
None Trading fees:
0.25% Payment Methods:
Debit Card, Credit CardΒ Supported fiat:
USD, EUR, GBP
Β Wide range of cryptocurrencies
Β Low crypto-to-crypto exchange fees
Β Easy to use
Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options
Frequently asked questions about buying Bitcoin in Colombia

You can buy Bitcoin in Colombia on any of the exchanges mentioned in this article.

You can use Exodus and Ledger wallets in Colombia.

Yes, LocalBitcoins is available in Colombia.

Most of the estimated amount of Bitcoin ATMs in Colombia was located in the capital city Bogota. The Latin American country had nearly 50 cryptocurrency withdrawal machines across the country.

Colombia ranked fourth in the world for Peer-to-Peer Bitcoin trading volumeΒ while its capital city BogotΓ‘ ranked seventh in the list of top Bitcoin cities, with 87 active crypto businesses.

Cryptocurrencies are not considered legal tender in Colombia
Cryptocurrencies cannot be considered currency. This is in accordance with the criteria of the International Monetary Fund. They also do not have the support of the central banks of other countries.
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