Selecting the proper crypto exchange is a crucial decision for traders and investors in Columbia. You want the most dependable platform that makes trading easy and follows the guidelines of the Central Bank of Columbia for crypto trading.
Top 5 Crypto Exchanges in Columbia Reviewed
In this article, we will list the top five crypto exchanges in Columbia, along with all the essential information you need to know, such as trading fees, supported cryptocurrencies, payment options, and much more. They are:
- Binance – Best Overall Exchange in Columbia
- MEXC – Best Alternative Exchange in Columbia
- Phemex – Popular Exchange in Columbia
- Bybit – Best Derivatives Exchange in Columbia
- Kucoin – Best Altcoin Exchange in Columbia
1. Binance
Binance is one of the largest cryptocurrency exchanges in the world, with more than 120 million users in 180 countries, including Columbia. The platform is a fully licensed cryptocurrency exchange that complies with the guidelines of the Central Bank of Columbia.
Additionally, Binance offers a wide range of trading opportunities, including spot, margin, and futures for more than 350 cryptocurrencies. Binance also supports NFT (Non-Fungible Token) trading, which is a marketplace for the purchase and sale of Non-Fungible Tokens (NFTs).
What makes Binance unique is its high liquidity and advanced trading tools, including advanced order types, technical indicators, and more. Other features include low trading fees, increased leverage, and discounts for users who pay fees with the Binance token(BNB).
Lastly, Binance supports the Columbian Peso(COP) for payments. Users can buy crypto with COP through a Visa/Mastercard or P2P trading via local bank transfer, International transfer, online wallet, cash, and more.
If you want to learn more about Binance, check out our full Binance review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.02% maker/ 0.04% taker
Futures Contracts: 260+
Supported Cryptos: 1600+
Customer Support: 24/7 live chat
Binance Pros and Cons
| 👍 Binance Pros | 👎 Binance Cons |
|---|---|
| ✅ Low spot and futures trading fees | ❌ Not beginner friendly |
| ✅ Passive income products | ❌ Poor regulation |
| ✅ High liquidity | |
| ✅ Full proof of reserves | |
| ✅ Advanced trading tools |
2. MEXC
Founded in 2018 by John Chen, MEXC has its headquarters in Singapore. The exchange has over 10 million users in 170+ countries, including Colombia. It is one of the most rapidly growing crypto exchanges in the world.
Additionally, MEXC is fully licensed and follows all rules and regulations for crypto trading, according to the Central Bank of Colombia. With access to more than 1600 cryptocurrencies for trading, MEXC makes it an ideal platform for Columbian traders looking to diversify their crypto portfolios.
MEXC is the best platform for trading spot and futures in Colombia as it offers the lowest trading fee and high leverage. On the spot market, there is a 0% charge for makers and 0% for takers. On the futures market, there is also a 0.02% charge for takers and 0.00% for makers. Users can also access leverage up to 200x for derivatives and perpetual contracts.
Although MEXC doesn’t support the Columbian Peso for payments, Columbian traders can still buy cryptos using various payment methods, including third-party payment options, e.g. Banxa and Simplex, at low fees.
If you want to learn more about MEXC, check out our full MEXC review.
Spot Fees: 0% maker/ 0% taker
Futures Fees: 0% maker/ 0.02% taker
Supported Cryptos: 1600+
Customer Support: 24/7 live chat
MEXC Pros and Cons
| 👍 MEXC Pros | 👎 MEXC Cons |
|---|---|
| ✅ Lowest trading fees | ❌ Lacks passive income products |
| ✅ High liquidity | ❌ Inferior copy trading |
| ✅ 1600+ cryptos | |
| ✅ 200x leverage | |
| ✅ No KYC |
3. Phemex
Phemex, launched by Jack Tao in 2019 in Singapore, currently serves over 5 million users across over 200 countries, including Columbia. The platform provides access to 200+ cryptocurrencies for active trading.
Furthermore, Phemex excels with an impressive futures trading platform, offering 100x leverage on key cryptocurrencies like BTC, ETH, XRP, ADA, and others. The platform also features a copy trading option, allowing users to follow and replicate trades of experienced traders. Additionally, Phemex’s “Earn” section includes savings accounts, staking, dual investments, mining, and more.
Another thing about Phemex is that the exchange goes to great lengths to ensure security, which is evident through its track record of no hacks or security breaches. Phemex provides this by using advanced security measures, including two-factor authentication and cold storage.
Lastly, Phemex is fully licensed and compliant with all the rules and regulations of the Central Bank of Columbia for crypto trading. The platform also supports the Columbian Peso(COP) for payments. Payment methods include bank cards, P2P trading, third-party payment providers, e.g. Banxa, and many more.
If you want to learn more about Phemex, check out our full Phemex review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.01% maker/ 0.06% taker
Supported Cryptos: 200+
Customer Support: 24/7 live chat
Phemex Pros and Cons
| 👍 Phemex Pros | 👎 Phemex Cons |
|---|---|
| ✅ Easy to use | ❌ Limited Altcoin offerings |
| ✅ Low trading fees | ❌ Restricted accessibility |
| ✅ Advanced trading tools | |
| ✅ High leverage | |
| ✅ Copy trading |
4. Bybit
Bybit is one of the newest crypto exchanges in the world. Founded in 2018 by Ben Zhou, the exchange has its headquarters located in Dubai. Bybit also has more than 15 million users in more than 160 countries, including Columbia.
Additionally, Bybit allows users to trade 400+ cryptocurrencies for spot and futures trading, making it one of the best crypto exchanges in Columbia for active trading.
Besides spot and futures trading, Bybit also offers NFT trading and demo trading, as well as several other passive income products such as bot trading as well as copy trading, where users can learn from the best traders on the exchange and earn on their trades.
The trading fee on the spot market is 0.01% for both the maker and taker, while the fee for futures trading is 0.02% for makers and 0.055% for takers. Users can also access 200+ futures contracts with up to 100x leverage on derivatives and perpetual agreements.
Lastly, Bybit is fully licensed and adheres to the regulations of the Central Bank of Columbia for trading crypto. The exchange supports over 60 fiat currencies for buying cryptos, including the Columbian Peso (COP) for users in Columbia. Payment methods include Debit/credit cards or through P2P trading.
If you want to learn more about Bybit, check out our full Bybit review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.02% maker/ 0.055% taker
Supported Cryptos: 400+
Futures Contracts: 200+
Customer Support: 24/7 live chat
Bybit Pros and Cons
| 👍 Bybit Pros | 👎 Bybit Cons |
|---|---|
| ✅ Low trading fees | ❌ Not beginner friendly |
| ✅ 400+ cryptos | ❌ Not available in the U.S |
| ✅ Copy trading | |
| ✅ Advanced trading tools | |
| ✅ High liquidity |
5. Kucoin
Kucoin was launched in 2017 and has its headquarters located in Seychelles. With over 29 million users, Kucoin ranks as one of the largest crypto exchanges in the world. It is available in over 200 countries globally, including Columbia.
The platform offers over 700 cryptocurrencies for buying, selling, and trading. That makes it a good choice for crypto traders and enthusiasts. Additionally, Kucoin is well known for its spot market, with various altcoins yet to be listed on other exchanges. Thus, Kucoin is one of the best spot trading platforms for buying new cryptos.
Another thing about Kucoin is its comprehensive futures trading option, offering users leverage of up to 100x and fees as low as 0.02% for makers and 0.06% for takers. On the spot market, payments are set at 0.1% for both makers and takers.
Other features include crypto lending, copy trading, bot trading, and many more that can help you earn passive income without having to monitor the market.
Lastly, Kucoin is fully compliant with the guidelines of the Central Bank of Columbia and also supports the Columbian Peso (COP) for buying cryptos with various payment methods, including Visa/Mastercard, P2P trading, third-party payment providers, and many more.
If you want to learn more about Kucoin, check out our full Kucoin review.
Spot Fees: 0.1% maker/ 0.1% taker
Futures Fees: 0.02% maker/ 0.06% taker
Supported Cryptos: 700+
Customer Support: 24/7 live chat
Kucoin Pros and Cons
| 👍 Kucoin Pros | 👎 Kucoin Cons |
|---|---|
| ✅ A wide range of cryptos | ❌ Not beginner friendly |
| ✅ Low trading fees | ❌ Limited educational resources |
| ✅ Advanced trading tools | |
| ✅ Numerous altcoins | |
| ✅ Passive income products |
How to buy Bitcoin and other Cryptos in Columbia
If you are interested in buying Bitcoin or other cryptocurrencies in Columbia but don’t know how to do it, read on for the complete step-by-step guide:
- Choose a Columbian-based crypto exchange from the above list. Binance is the best crypto exchange in Columbia for active traders, as it offers a wide range of cryptos, advanced trading tools, and many more.
- Sign up on the platform and complete your KYC verification. Most platforms will provide you with all the features you need once your KYC is complete.
- Use the most convenient way to deposit euros on the platform, using the payment method of your choice.
- Buy Bitcoin or other cryptocurrencies on the exchange using the “buy crypto” option
- Your coins are now added to the platform, and you can send them to your private wallet.
Final Thoughts
This comprehensive guide provides a wide variety of options to meet the needs of different types of traders or investors. So whether you are a beginner or a seasoned trader, there is an exchange that meets your requirements.
- For low trading fees, MEXC and Phemex are the best options
- For a wide range of passive income products, Binance, Bybit, and Kucoin are the best options
- For a wide range of digital assets, MEXC, Bybit, and Kucoin are the best options
- For a beginner-friendly trading experience, Phemex stands out as the best choice for Columbian traders.
- Bybit and Binance are the best options for high-leverage and advanced trading tools.
- Overall, Binance is the best exchange for users in Colombia. With its advanced trading tools and low trading fees, as well as its generous discounts, Binance also offers a wide variety of passive revenue products and much more to make trading more accessible for users.
Frequently Asked Questions
Is Crypto Legal in Columbia?
Yes, crypto is legal in Columbia. The Central Bank of Columbia comprehensively regulates it to ensure a safe trading environment for users.
Where Can I Buy Crypto in Columbia?
You can securely buy crypto with any Columbia-supported crypto exchange mentioned in the top list above.
Which Crypto Exchange is the Safest in Columbia?
Phemex stands out as the safest crypto exchange in Columbia with its advanced security measures and adequate proof of reserves to back user funds.
Which Exchange has the Lowest Trading Fees in Columbia?
MEXC has the lowest trading fees in Columbia, offering a 0% maker fee and a 0.02% taker fee on derivatives and futures. The exchange also provides an industry standard of 0.1% for makers and takers on the spot market.
What Is The Best Crypto Exchange In Columbia?
Binance stands out as the best crypto exchange in Columbia. It has a wide range of supported cryptos, low trading fees, high leverage, and a wide range of trading options for a hassle-free trading experience.
