Similar to forex, crypto trading with a best regulated forex broker exchanges currencies on a live exchange. To trade crypto in Colombia, brokers and exchanges allow the purchases of digital currencies including Bitcoin, Ethereum, Litecoin, Dash and more. Unlike the foreign exchange market, cryptocurrencies are decentralized, independent from government backing. As a beginner trader, you have several options for trading crypto.
Ways to trade crypto in Colombia:
- Buy and sell crypto AvaTrade currencies using a wallet
- Long and short crypto CFDs
- Trade up or down cryptocurrency futures
- Buy or sell low spread crypto forex pairs
To get started, you will need an account with a regulated broker like AvaTrade Colombia. Learn more about trading crypto in the post below.
Is Crypto Trading Legal In Colombia?
Cryptocurrencies are legal in Colombia, including buying, selling, and trading transactions. Like any evolving technology, various regulating entities are imposing new rules to increase the regulations within the digital currency industry. Many of the supervising entities include:
- Financial Superintendence of Colombia (SFC)
- Banco de la República (the Central Bank of Colombia)
- National Directorate of Taxes and Customs (DIAN)
Overall, the Colombian public services and government do not recognize cryptocurrencies as a currency.
Is crypto legal in Colombia? Cryptocurrency and bitcoin is not banned in the country. Trading cryptos as a Colombian is a taxable event. For legal tax purposes, it is treated like an asset class. To trade legally, you must work with a regulated SFC brokers like AvaTrade. These regulated crypto brokers in Colombia are required to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations.
Bitcoin Trading In Colombia
Start trading bitcoin in Colombia with an established broker. You can choose a cryptocurrency broker like AvaTrade to trade digital assets. Avatrade meets your specific trading objectives by offering security and a wide range of payment methods. With avatrade’s transparent fee structure, you can start trading bitcoin in Colombia. You can trade bitcoin using trading platforms including:
1. Webtrader: A browser based platform with integrated crypto trading signals.
2. AvaTrade Mobile app: Available for iOS and Android device to trade bitcoin on Avatrade CFDs.
3. AvaSocial: A copy trading platform to connect with experienced cryptocurrency traders.
4. MetaTrader MT4 & MT5: The most popular forex trading platforms for cryptocurrency pairs.
Kickstart your bitcoin trading with Avatrade, one of the best forex broker in Colombia. You can leverage advanced platforms, tools, and support for trading bitcoin locally.
Crypto CFDs Trading
Start trading cryptocurrency contracts for difference (CFDs) in Colombia with a trusted brokerage. Leverage crypto CFDs to accelerate transaction times and avoid processing delays – critical to maximize profits in volatile markets. These alternative trading opportunities are gaining significant popularity, especially when compared to purchasing actual digital coins. CFD investments are additionally more secure – protecting against crypto’s unregulated nature and compromisable wallets.
> AvaTrade offers an impressive selection of 20+ crypto CFDs. Trade long and short crypto contracts, employ leverage, and maximize security – without the need for complex wallets & exchanges…
Simply put, if you’re looking to trade cryptocurrencies with a regulated broker – and limit all the technology, tools, and speculation – consider the impact of crypto CFDs. Leverage trusted online brokers to streamline cryptocurrency CFD trading in Colombia.
Regulated Crypto Broker
Prioritize regulated, trusted, and secure brokers for crypto trading in Colombia. Brokers like AvaTrade adhere to local and international trading regulations in Colombia – delivering a consistent, safe, and reliable user environment. In addition to strong regulatory compliance, this crypto broker supports advanced security metrics, robust customer support, intuitive user features, and comprehensive safeguard protocols.
While purchasing digital currencies is legal, The Superintendencia Financeiera de Colombia (SFC) doesn’t directly regulate intangible assets and crypto coins.
> When opening crytocurrency-related accounts with a brokerage, focus on due diligence, valid instruments, supervised entities, and strategic management…
Start crypto trading in Colombia with regulated brokerages like AvaTrade.
Bonus On Crypto Trading Colombia
Find the bonus offers available for crypto trading with a best broker in Colombia. With Avatrade Colombia, you can get a 100% Welcome Bonus for new deposits from Latin American countries. Bonuses are not eligible to trade cryptocurrencies directly. However, you can trade cryptocurrency CFDs or FX pairs with your deposit bonus. Beginners can start with a minimum AvaTrade deposit of $100 and double their capital with the bonus.
To withdraw your bonus, execute a minimum trading volume of 10,000 trading units within a six-months period. Upon signing up, you will have a dedicated account manager to help you understand the trading limitations, bonus terms, and eligibility requirements. If you plan to deposit $1,000-$50,000 in assets, the account manager will assist you in maximizing your initial deposit bonus.