Colombia accounts for 25% of LocalBitcoins transactions in Latin America and hosts the highest number of Bitcoin ATMs in the region. Whether you're looking for P2P exchanges, centralized platforms, or ATMs, this guide covers the top options for trading Bitcoin in Colombia.
Key Takeaways
- P2P Exchanges: LocalBitcoins, Okx, Binance P2P, Paxful, LocalCryptos
- Centralized Exchanges: Buda, SatoshiTango, Panda Exchange
- Bitcoin ATMs: 43+ ATMs and 19 teller machines (e.g., Athena Bitcoin, Panda BTM)
- Emerging Trends: Growing interest among women (+80.2%) and young users (+85.07%)
Top P2P Exchanges
LocalBitcoins
- Features: Peer-to-peer trades, multiple payment methods (PayPal, Amazon gift cards).
- Fees: 1% per transaction.
- Volume: 25–45 BTC weekly (2021–2022).
👉 Buy Bitcoin on LocalBitcoins
Okx
- Features: Supports Bancolombia, Davivienda transfers; no fees for P2P trades.
- Volume: 417 BTC weekly globally.
Binance P2P
- Features: Low fees (0.02%–0.1%), high liquidity.
- Volume: 1.7M+ BTC traded globally.
Centralized Exchanges
| Exchange | Supported Coins | Fees | Volume |
|----------------|-----------------|---------|----------------|
| Buda | BTC, ETH, LTC | 1.2%–1.5% | 40+ BTC/week |
| SatoshiTango | BTC, ETH, XRP | 1%–2% | N/A |
Bitcoin ATMs
Athena Bitcoin
- Locations: 18 ATMs (Bogotá, Medellín).
- Fees: 5%–15%.
Panda BTM
- Portable Tellers: 19 devices nationwide.
FAQ
Q: Is Bitcoin legal in Colombia?
A: Yes, Bitcoin is legal and regulated as a virtual asset.
Q: What’s the safest way to buy Bitcoin?
A: Use reputable P2P exchanges with escrow services (e.g., Binance P2P).
Q: Are there fees for ATM transactions?
A: Yes, typically 5%–15% per trade.