Want to buy or trade crypto in Colombia using pesos? After hands-on testing, we selected the best crypto exchanges that support COP. This article covers standout features, advantages and drawbacks, and expert tips to help you get started with confidence.
Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
---|---|---|---|---|---|---|
Bybit | 4.6 Read Review | 0.1% / 0.1% | 519 | Yes | +2 | Yes |
Bitso | 3.1 Read Review | 0.099% / 0.095% | 60 | Yes | +2 | No KYC Required |
Kraken | 4.2 Read Review | 0.4% / 0.25% | 532 | Yes | +3 | Yes |
KuCoin | 4.5 Read Review | 0.1% / 0.1% | 996 | Yes | +2 | Yes |
OKX | 4.6 Read Review | 0.1% / 0.08% | 296 | Yes | +6 | YES |
Blofin | 3.8 Read Review | 0.6% / 0.6% | 412 | No | +8 | No |
Bybit is a top exchange with high trading volume and a user base. Known for deep liquidity, a powerful derivatives platform, and advanced tools, it offers a versatile experience with accessible features and Lite mode, making it a top choice for Colombians.
Bitso is a Mexico-based exchange and one of the most trusted platforms in Latin America. It’s fully regulated and tailored to the needs of Colombian users, offering free COP deposits and withdrawals via local bank transfer.
Kraken is a US-based exchange known for security, regulatory compliance, and simplicity. Popular with first-time investors, it offers seamless onboarding and an intuitive interface for beginners.
KuCoin is popular for its wide range of cryptos and advanced tools. It provides deep liquidity across markets and accepts users from Latin America, making it ideal for advanced traders in Colombia.
OKX is a global exchange popular in Latin America for its wide trading options and highly liquid P2P marketplace, ideal for Colombians to quickly on-ramp using local payment methods.
Blofin is an exchange focused on derivatives trading and known for its no-KYC policy. It’s ideal for Colombian users who want to trade with privacy and avoid lengthy verification processes.
Crypto is legal in Colombia, but it is not recognized as legal tender. Over the past few years, the Colombian government has taken steps to regulate digital assets through the Superintendencia Financiera de Colombia (SFC).
The SFC launched a regulatory sandbox allowing exchanges like Bitso and Bybit to integrate with Colombia’s national banking system. However, there is still no formal licensing framework for crypto exchanges. Despite this, all platforms must comply with strict AML and KYC regulations.
Yes. The Dirección de Impuestos y Aduanas Nacionales (DIAN) treats crypto assets as taxable property.
Traders are responsible for self-reporting all activity, including keeping accurate records of trades, values in COP, and dates.
As there is no formal legal framework for exchanges, consider the following when choosing an exchange:
Payment Method | Transaction Fee | Processing Time | Supported Exchanges |
Bank Transfer | Free | Up to 24 hours | Bitso |
Bank Card | Up to 4% | Instant | Bybit, Kraken, KuCoin, OKX, Blofin |
Apple/Google Pay | Up to 4% | Instant | Bybit, Kraken, KuCoin, OKX |
Yape & Plin | Free | 15mins (via P2P) | Bybit, KuCoin, OKX |
Fee Type | Description | Typical Range / Notes |
Trading Fees | Maker and taker fees for placing or matching orders (spot, margin, futures) | 0.1%-0.2% (spot), often lower for futures or with VIP discounts |
Interest / Funding Fees | Charged for margin loans or holding futures positions overnight | Varies by asset and platform |
Spread Fees | Hidden costs in “Quick Buy/Sell” or instant trades | Less favorable exchange rates, around 1-5% |
Deposit/Withdrawal Fees | Applies to COP or crypto transfers | Up to 5% for card transactions, or free via P2P trades or crypto deposits |
Yes, P2P trading is widely available and extremely popular in Colombia. It is one of the preferred methods of buying crypto with COP, due to the limited support for traditional payment methods.
Platforms like Bybit, KuCoin, and OKX let users buy and sell crypto safely with escrow protection and verified merchants.
The most common scams affecting Colombian users include:
Always verify the identity of P2P merchants and only use platforms that offer escrow protection.
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.