A Better Way to Trade and Exchange Cryptocurrency in Colombia

Before investing in crypto, it is important to remember not to buy more than you can afford to lose. Cryptocurrency can be extremely lucrative; as of March 2021, one bitcoin is worth over 195 million Colombian Pesos. However, because it is decentralized, cryptocurrency is extremely volatile and subject to large value changes.

You can invest in cryptocurrency at one of the automated teller machines (ATMs) in Colombia. However, these machines subject you to withdrawal limits, high transaction fees and lack of privacy. You can also invest in cryptocurrency through an online platform like Rubix. In addition to helping you manage your assets, Rubix lets you view real-time updates to cryptocurrency values so that you can keep track of how much your investment is worth, helping you decide when to sell and when to buy.

Rubix makes it easier than ever to trade your cryptocurrency with a large liquidity and low trading fees. Additionally, Rubix allows you to monitor coin prices and your portfolio's value.Using Rubix, you can buy cryptocurrency easily, securely and conveniently. All transactions are protected through encryption and a robust security system.

Eventually, you probably want to convert your digital assets to fiat currency that you can use in day-to-day interactions. There are two main ways you can convert your Bitcoin or cryptocurrency into cash in Colombia, online or through an ATM.

Before advancements in technology, many people relied on Bitcoin ATMs, located across Colombia, to convert their cryptocurrency. These machines typically apply limits to how much cash you can withdraw and require substantial fees for every transaction. Online platforms like Rubix enable fast and secure conversions. Buyers can make cash deposits for your cryptocurrency, which you can later retrieve from your bank account.

To sell Bitcoin or another cryptocurrency, you need to create an account on a cryptocurrency exchange. Rubix allows traders to buy, sell or trade their cryptocurrency. Once you have determined how much you want to sell your cryptocurrency for, taking into account your investment and its current worth in Colombian Peso, you initiate a conversion between a coin and another currency.

You can withdraw bitcoin both online or through an ATM in Colombia. Keep in mind that if you use an ATM, you will have to accept the withdrawal fees that may come with your transaction. Moreover, many ATMs do not verify the user's identity beforehand.

If you want a simpler and safer way to withdraw bitcoin, you may want to consider an online platform like Rubix. It lets you withdraw bitcoin directly from your Rubix wallet to your credit card with ease, quickly and low withdrawal fees.

Cryptocurrency may seem complicated, but the process is simpler than it looks. Open a bitcoin or cryptocurrency account with a trading platform such as Rubix, which operates in Colombia. After passing the initial steps, including verifying your account, you can upload your desired payment method and manage your crypto assets directly from your device.

If you want security, simplicity and speed, Rubix has got you covered. Sign up today and join the millions of crypto-owners across the globe!