Crypto Banks
How to Buy Crypto with Banco de Bogota

How to Buy Crypto with Banco de Bogota

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March 12, 2023
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Summary: Banco de Bogota is the largest banking institution in the capital city of Colombia, Bogotá. The bank offers a variety of financial products and services including investment opportunities in stocks. However, it does not offer the direct investing of cryptocurrencies through its platform.

If you want to purchase crypto with Banco de Bogota, you will need to go through a regulated and licensed cryptocurrency exchange. We recommend using Bybit as it offers instant Colombian Peso (COP) deposits to trade over 400 cryptocurrencies with the lowest fees.

Table of Contents

Best Crypto Exchange for Banco de Bogota Users

Platform Highlights

  • Free and instant Colombian Peso (COP) deposits for Banco de Bogota customers.
  • Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Banco de Bogota
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Audited Proof of Reserves
Audited Proof of Reserves

Can you Buy Crypto with Banco de Bogota?

Yes, it is possible to buy cryptocurrency with Banco de Bogota. However, to do so, it's necessary to use Colombian regulated exchanges that accept bank transfers and deposits from Banco de Bogota accounts. These exchanges comply with local regulations and offer a secure and transparent way to purchase digital assets.

How to Buy Bitcoin with Banco de Bogota

The best and easiest way to buy Bitcoin and other cryptocurrencies with a Banco de Bogota bank account is by going through Bybit. With their platform, users can safely and quickly deposit funds from Banco de Bogota via Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller & Payoneer. They offer over 400 crypto assets and industry-leading fees starting at 0.1% per trade.

Follow the below guide to get started.

  1. Create a free account on Bybit with your email address (ID verification is not required).
  2. Click 'Deposit Funds' and pick one of the payment methods.
  3. Select COP as your fiat currency and find the Cryptocurrency you want to purchase.
  4. Input the amount of COP you want to invest in the token and click 'Buy'.
Buy Crypto Banco de Bogota
Buy Crypto Banco de Bogota.

About Banco de Bogota

Banco de Bogota is one of the largest banks in Colombia, serving both retail and corporate clients. Founded in 1945, it has a strong presence throughout the country with over 1,200 branches and ATM locations. In addition to traditional banking services, Banco de Bogota offers insurance products and investment options.

As a publicly traded company, it is listed on the Colombian Stock Exchange and has a market capitalisation of over $10 billion USD. The bank is committed to responsible financial practices and actively supports social projects in communities across Colombia.

Banco de Bogota.
Banco de Bogota.

Final Thoughts

In conclusion, while Banco de Bogota does not directly offer the option to invest in cryptocurrencies, it is possible to purchase digital assets by using Colombian regulated exchanges that accept bank transfers and deposits from Banco de Bogota accounts. Bybit is an excellent option that offers instant COP deposits to trade over 400 cryptocurrencies with the lowest fees.

Dylan Matthews

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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