How to Buy Bitcoin in Columbia in 2021

Mar 12, 2021 | Bitcoin101 | 0 comments

Columbia is no stranger to cryptocurrencies, with the rise of the digital currency accelerating over the last several years. According to reports, Columbia’s appetite for Bitcoin grew so significantly in 2017 that it surpassed every other South American countries’ purchases. Transaction history from LocalBitcoin confirms this with a whopping 1,200% increase in Bitcoin purchases with the Columbian Peso that same year. With this in mind, let’s dive into this guide on how to buy Bitcoin in Columbia in 2021. 

How To Buy Bitcoin Via Bank Transfer – Paxful

One of the best ways to buy Bitcoin via bank transfer around the world, with Columbia being no exception. Paxful provides a reliable platform on which users can pick up the original cryptocurrency in a swift and economically viable manner. The platform operates on a peer to peer basis, connecting buyers and sellers in this megadiverse country. 

In order to buy Bitcoin from Paxful you will need an account on the platform and be logged in. Enter your criteria in terms of payment methods and how much Bitcoin you’re looking to buy and scan through all the matching available offers. A great feature of Paxful is that buyers can check the rating of the seller at first glance, being able to view stats like how many positive feedback responses has the seller acquired and how long they take to respond. 

Once you have settled on an offer you are happy with, select the Buy option and read through the trader’s terms before taking it any further. If you’re not happy with their requirements, simply head back out and select another offer. When you are ready to proceed enter the amount of Bitcoin you would like to purchase and click Buy Now. This will take you to a secure chat with the seller from where you can communicate should you need to. Select Paid once you’ve transferred the funds in the agreed manner and wait for the funds to appear in your wallet.

How To Buy Bitcoin Via Credit / Debit Card – CEX.io

Another international favourite, the platform launched in 2013 as a cloud mining service but soon grew to the crypto exchange it is today. The platform offers a wide range of currencies, both cryptocurrencies and fiat, and a number of reliable payment options. In this case, we’re looking at how to buy Bitcoin via credit / debit card with Columbian Pesos. 

Again, you’ll need to create an account on the platform and complete a quick KYC verification (standard practice). Once you’re approved and logged in select the Deposit option in the top menu and then Deposit again next to your chosen fiat currency. When asked to select a payment option choose Credit Card. Note that credit card deposits incur a 2.99% fee while bank transfer has no fees and Skrill payments have a 3.99% fee. Enter your details as needed and once the transaction is complete the funds will appear in your account.

How To Buy Bitcoin With A Local Payment Processor – LocalBitcoins

Here we’ll be looking at how to buy Bitcoin with Efecty. Using the tried and trusted LocalBitcoins, there really isn’t a simpler or easier way! Originating from Finland the peer to per platform has taken the world over when it comes to securely trading Bitcoin with local users. Making use of escrow services, the platform ensures that both the buyer and seller are protected should a bad actor try to manipulate the system. 

To find a Bitcoin offer in your area you’ll need to log into your LocalBitcoin account. Enter Efecty as the payment option and if you have any other specific requirements. Scroll through the offers available until you find one that you are happy with and select Buy. Once in the offer check out the seller’s terms and ensure everything is in order. Enter the amount you would like to purchase and open the trade. You will be given a specified amount of time to complete the payment, failing to pay within this time will cancel the order. Once you’ve made the payment select the “I have paid” button, and after the seller acknowledges receipt your funds will appear in your wallet.

How to Buy Bitcoin in Columbia in 2021

Buying Bitcoin in Columbia needn’t be hard, especially after this how to buy Bitcoin in Columbia in 2021 guide! Whether you intend to buy, sell, trade or hodl, the world is your oyster now that you have BTC in your digital pocket. Make sure you stay tuned to our Bitcoin 101 section so that you are always in the know. 

Editor’s Choice

What Are Altcoins And How Do They Work?

Welcome to chapter two in our Introduction to Cryptocurrencies. In this installment we’re going to be covering altcoins and everything you need to know about them. If you’re reading this wondering what an altcoin is exactly, read on dear friend, we’ve got you covered. Let’s dive into what are altcoins and how do they work?

What Are Altcoins And How Do They Work?

Welcome to chapter two in our Introduction to Cryptocurrencies. In this installment we’re going to be covering altcoins and everything you need to know about them. If you’re reading this wondering what an altcoin is exactly, read on dear friend, we’ve got you covered. Let’s dive into what are altcoins and how do they work?

read more

5 Best Bitcoin Wallets for Windows

If you’re looking around to find the best desktop wallets for your favourite cryptocurrency, you need look no further! We’ve done all the heavy lifting for you and consolidated our research to bring you the 5 best Bitcoin wallets for Windows. Like you, we’re big fans of convenience and security, and desktop wallets don’t get any better than that. Let’s dive in and explore what our top recommendations are, in no particular order.

read more

5 Best Bitcoin Wallets for iPhone iOS

Now that we’ve taken you through the different types of wallets and how they work, it’s time for you to settle into one that conveniently slides into your life. Mobile wallets offer fast and easy access to your crypto portfolio at all times, similar to how Apple products just make life that much easier. In this piece we’re going to jump right in and name the 5 best Bitcoin Wallets for iPhone iOS our team are currently using.

read more
How to Buy Bitcoin in Turkey in 2021

How to Buy Bitcoin in Turkey in 2021

Following President Recep Tayyip Erdoğan dismissal of central bank governor Naci Agbal recently, the Turkish lira (TRY) took a tumble in global markets and sent Google searches for the term “Bitcoin” soaring. Whether using Bitcoin to hedge against the demise of your local fiat, high inflation rates, or just to tap into a new market, cryptocurrencies provide a reliable gateway with global usability. Whatever your reasons, we’re going to show you in this simple guide how to buy Bitcoin in Turkey in 2021.

read more
Can Your Bitcoin Wallet Be Hacked? How To Secure Your Funds

Can Your Bitcoin Wallet Be Hacked? How To Secure Your Funds

In our previous piece making up our Bitcoin 101 puzzle, we covered what Bitcoin wallet should you use in 2021. Building on from that here we explore the world of wallet safety asking can your Bitcoin wallet be hacked? As we uncover the truth behind the answer we’ll also dive into how to secure your funds and ensure that they are out of hacker’s reach. Before we get into that, in case you missed the last piece let’s do a quick recap.

read more
What Bitcoin Wallet Should I Use In 2021?

What Bitcoin Wallet Should I Use In 2021?

Whether you’re new to the industry (welcome) or a seasoned old timer looking for some other options, finding the right fit for your crypto trading habits is imperative. As we explore what Bitcoin wallet should I use in 2021 we’ll also explore the various options available and explain the pros and cons of each. This is one of the many chapters covered in our Bitcoin 101 archives.

read more
Read previous post:
How Much Bitcoin Do You Need To Be Rich?

Over the past year Bitcoin has embarked on an unimaginable bull run, taking on a new status within the financial...

Close