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Buying Bitcoin in Colombia

Now that Colombian’s are seeing the effects central banking created for Venezuela’s economy, many are looking to buy bitcoin with Pesos now. The rumors of blockchain technology being used with Colombia’s currency in the future, will still have many people in Colombia valuing a decentralized crypto currency (like bitcoin), over the Peso. This creates an interesting crypto market because the banks want to control the money supply and interest rates, while not appearing to be afraid of bitcoin being a currency they can’t control.

Best Bitcoin Exchanges in Colombia

Similar to Brazil bitcoin buyers, Colombian’s don’t always trust the banks to allow bitcoin long term in the country. Due to the instability of the Colombian Peso, whenever it declines in value, crypto currency will be blamed to try to control it. This makes a lot of the trusted bitcoin exchanges in South America, also ones that you don’t want to keep your bitcoin in after buying it, when a wallet not connected to an exchange is more secure.

The best bitcoin exchanges (most trusted) for Colombians currently are:

Trusted Exchanges in Colombia TypeKYCCurrencies 
BudaExchange / Trading PlatformYesARS, CLP, COP, PEN, BTC, ETH, LTCContinue
Satoshi TangoExchange / Trading YesARS, USD, EUR, RapiPago, PagoFacil Continue
RipioExchange / Trading platformYesBRL, ARS, Rapipago, Easy Payment Continue
LocalBitcoinsPerson to Person Bitcoin Buying and SellingYesNational Currencies Around the World and BitcoinContinue
BinanceTrading PlatformNo

(under 2BTC)
BTC, ETH, LTC, Hundreds of Alt-coinsContinue
KrakenExchange / Trading PlatformYesEUR, CAD, USD, JPY, BTC, ETH, XMR, XRP, many moreContinue
btc exchange cex ioCEX.IOExchange / Trading PlatformYesUSD, EUR, GBP, RUB, BTC, ETH, LTC + more Continue
CoinbaseExchange / Trading PlatformYesUSD, CAD, AUD, GBP, EURContinue

Buying Bitcoin Anonymously in Colombia

The popularity of localbitcoins in Colombia and the rest of South America has always been quite high. Now with their identification requirements, a lot of customers have moved to HodlHodl for person to person bitcoin buying and selling.

While bisq has it’s own software for decentralized person to person trades that has some decent volume, the Visa gift card options that a lot use at Coinmama have been more popular in Colombia for small amounts of bitcoin.

The Best Anonymous Bitcoin Exchanges for Colombian’s currently are:

Anonymous Colombia Exchanges TypeKYCCurrencies 
HodlHodlPerson to Person BTC Exchange / Trading PlatformNoAUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More) Continue
ChangellyAnonymous Bitcoin and Altcoin BuyingNoBTC, ETH, LTC and Hundreds of AltcoinsContinue
BISQAnonymous Person to Person Exchange / Trading Platform NoAUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZAR (More) Continue
PaxfulAnonymous Bitcoin PurchasesNoWestern Union, MoneyGram, Visa Prepaid Cards, Amazon Gift Cards Continue
CoinMamaExchangeUnder $150 NoVisa, MasterCard, AUD, CAD, EUR, GBP, INR, JPY, NZD, RUB, SEK, ZARContinue
Wall of CoinsPeer to Peer ExchangeNoUSD, CAD, MXNContinue

 

Other Bitcoin Options in Colombia

There are also the bitcoin meetups and blockchain meetups in Colombia, that many people buy and sell bitcoin at. The Venezuela, Peru and Brazil bitcoin exchanges and sellers are always options as well.

The Bitcointalk Spanish forum has tons of information (avoid the ICO’s) about getting bitcoin and altcoins in the country.