Crypto Banks
How to Buy Crypto with Banco de Bogota

How to Buy Crypto with Banco de Bogota

Dylan Matthews
Fact Checked
Oct 19, 2022

Key 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 eToro as it's the most secure investing and trading platform globally and is available to use in over 140 countries including Colombia.

Table of Contents

Best Crypto Exchange for Colombian Banks

Platform Highlights

  • Fast and cheap Colombian Peso (COP) deposits and withdrawals from any Colombian bank.
  • Buy and sell over 8,000 Cryptocurrencies, Stocks, ETFs, Commodities and other assets.
  • Globally regulated and licensed trading platform with over 18 million users.

Can I buy crypto on Banco de Bogota?

Unfortunately you cannot currently buy cryptocurrencies directly on the Banco de Bogota banking platform. Not to worry, there are secure, alternative ways to buying tokens with Banco de Bogota. Simply transfer your funds from your bank to a secure cryptocurrency exchange like eToro.

On eToro, Banco de Bogota account holders can deposit funds for free and can invest in 6 asset classes including crypto, stocks, ETFs, indices, commodities and many fiat currencies. Furthermore, you can also stake a few cryptocurrencies on eToro. To lear more about this exchange, you can visit our detailed eToro Review.

eToro: Discover.
eToro: Discover.

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 eToro. On eToro, you can deposit funds from Banco de Bogota via Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller & Payoneer. Follow the below guide to get started.

  1. Sign Up: Create an account on eToro and complete the sign up process.
  2. Deposit Money: Click 'Deposit Funds', pick a method and send money from Banco de Bogota.
  3. Find Bitcoin: In the search bar, look for 'Bitcoin' and tap the 'Trade' button.
  4. Buy BTC: Input the amount you would like to invest and select 'Open Trade'.
How to buy Bitcoin with Banco de Bogota.
How to buy Bitcoin with 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.

Is it expensive to invest in cryptocurrencies?

Not when you use the eToro exchange as it offers free and instant deposits for Banco de Bogota account holders. There is a small $5 fee on all withdrawals. And all cryptocurrency trades a subject to a 1% fee, which is lower than the industry average of 2%. To learn more about eToros pricing, you can visit eToro Fees Schedule.

Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

View Posts