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Does Colombia have a crypto exchange?

Colombia’s largest bank, Bancolombia, has entered the crypto business by launching a crypto exchange called Wenia. The crypto platform aims to on-board 60,000 users in its first year and compete with Binance and Bitso. Along with a crypto exchange, the Colombian bank also launched a stablecoin called “COPW,” which is pegged to the Colombian peso.

What is the best cryptocurrency exchange in Colombia?

Before getting started, an important disclosure Binance is the most popular Bitcoin exchange in Colombia with 170,000,000 users Kraken allows buying and selling Bitcoin with 3 forms of payment eToro accepts users and payments from 36 countries * Investing in crypto assets is unregulated. Non deliverable. No consumer protection.

How to buy cryptocurrencies in Colombia?

OKX is a leading cryptocurrency exchange known for its vast selection of cryptocurrencies. Changelly allows one to exchange one cryptocurrency for another and also buy using a bank card. Buying bitcoin and other cryptocurrencies in Colombia is a simple process and usually takes less than 10 minutes to get fully setup.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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