How to buy and sell Bitcoin in Colombia
Colombia, Brazil, Argentina, Mexico and Venezuela are the Latin American countries with the greatest activity and growth in the use of Bitcoin and other crypto currencies. Especially in Colombia there is great interest in the crypto ecosystem.
When talking about Colombia, we could decree that it is Bitcoin territory. That country is experiencing an important boom in the adoption of Bitcoin. For this reason I will review in this article, the best options that Colombians have to buy and sell Bitcoin using different means of payment, including COP (Colombian Pesos).
Each one of the platforms I will recommend, for the purchase and sale of Bitcoin in Colombia, requires opening an account and a KYC-AML verification. Registration on these platforms is completely free and does not require initial deposits.
LocalBitcoin
One of the most popular pages to trade Bitcoin. This is one of the most popular pages globally to trade Bitcoin. The registration process is simple. Exchanges between LocalBitcoin wallets are free. Bitcoin withdrawals from the platform do have a stipulated fee.
Operations are between users. Each seller establishes his offer and the means of payment he accepts. LocalBitcoin is only the intermediary that serves as Bitcoin’s custodian to ensure that both the seller and buyer fulfill their part of the agreement.
Coinsenda
A very fast and easy to use exchange house. Opening an account is as simple as registering on a social network. You can buy or sell Bitcoin immediately using the Colombian fiat currency (COP).
Operations are performed from the user panel. Withdrawals only have the fee of each bank for transfers. Deposit Bitcoin or COP and the exchange process is free. The removal of Bitcoin from the platform has a commission.
Buda
This company reopened operations in Colombia and also offers its services in Chile, Peru and Argentina. They have an easy to use interface and the registration process is very intuitive.
You can buy at market price or let create an order. They have a mobile App where you can track open orders. When the orders are executed a fee is charged stipulated on their website.
Panda
Another exchange house that again offered its services in Colombia. The KYC log and process is similar to those of other crypto platforms. They list some ERC-20 tokens from the Ethereum blockchain, as well as other crypto currencies such as Bitcoin Cash and Pivx.
The deposits have no cost to the user. In its website you can check the commissions for each exchange operation and withdrawal from the platform.
These are the most reliable options to compare and sell Bitcoin in Colombia. Just select the one that best suits your needs.
