Cashing Out Crypto In Colombia

Adam Rosen - Lead financial writer

Updated 07-Sep-2024

If you are a Colombians resident and have been accumulating cryptocurrency, you might be thinking about cashing out in Colombia. You might be thinking about spending your Colombians crypto to buy something tangible, or maybe you simply want to cash out before its market value decreases in Colombia and you make a loss on your cryptocurrency position. Make sure you are prepared to pay crypto transaction fees, withdrawal fees, currency exchange fees in Colombia and Colombians taxes when you cash out and sell your crypto assets. You can sell your cryptocurrency to a friend or family member in Colombia but the process will be the same.

The tax implications of cashing out crypto are numerous in Colombia, make sure you know your Colombians tax responsibilities in Colombia. In addition to keeping your crypto investments private, you have to file tax returns in Colombia if your crypto assets are over your allowed tax free allowance, when sold.

If you are interested in converting your bitcoin or other cryptocurrency to COP cash in Colombia, there are many options available. You can use third-party crypto exchange brokers in Colombia, bitcoin ATMs (where allowed), and debit cards. Colombians cryptocurrency brokers in Colombia offer a fixed rate for their services and provide a secure, anonymous and fast method to exchange and cash out your crypto assets for COP cash. You can also use peer-to-peer crypto exchanges and third-party exchanges in Colombia to cash out your crypto. Make sure the crypto exchange or broker you use is well financially regulated in Colombia.

Cashing Out Crypto In Colombia Table of Contents

How To Cash Out Crypto in Colombia

If you have made money with cryptocurrency in Colombia, you might be interested in cashing it out at some point. There are several ways you can do this in Colombia, but the best method is to sell it on a Colombians crypto exchange. Choosing a trustworthy exchange in Colombia is crucial, as it will avoid any issues related to money laundering or scams that Colombians crypto holders might be vunerable too. Depending on the currency exchange in Colombia, this process can take anywhere from three to five days. A reliable exchange in Colombia will also comply with anti-money-laundering regulations and only allow withdrawals to verified Colombians bank accounts and payment withdrawal methods.

Besides, you should be aware that traditional banks in Colombia are skeptical about cryptocurrencies. Since brick-and-mortar banks are heavily regulated, they have little interest in working with a cryptocurrency exchange in Colombia. There are even cases where banks have frozen bank accounts of Colombians users who tried to cash out a large sum of money from a cryptocurrency exchange in Colombia or offshore.

How To Cash Out Crypto Using A Broker Exchange in Colombia

Before you cash out your cryptocurrency in Colombia, you will need to establish an account with a broker or exchange. Depending on the broker in Colombia, the account creation process can take just a few minutes or a few days for Colombians clients. The process is very easy; you will need to upload a photo ID with your name and current date and then provide proof of you Colombians address in the form of a utilities bill. Once you have successfully completed this step, you are ready to start buying and selling crypto in Colombia.

Choosing a broker or exchange in Colombia that will allow you to cash out your Colombians cryptocurrency is essential if you want to withdraw it for any reason in Colombia. This is because you cannot deposit crypto assets into a checking account or many other investment accounts available in Colombia. In fact, most banks do not even accept Bitcoin, XRP or Ethereum as a deposit, so you will need to cash out your crypto using a broker or exchange convert it to COP or other fiat currency to access it. While many Colombians investors are optimistic that their crypto coins will rise in value, others may simply use the money to pay bills or buy things. The best way to diversify your portfolio is to use a cryptocurrency exchange in Colombia that offers quick cash out features in Colombia to a withdrawal method with low fees that you have easy access too.

A crypto broker exchange in Colombia will act as a middleman between the buyer and Colombians crypto seller. A third-party crypto broker exchange will help you choose the best option based on your needs in Colombia. The cryptocurrency broker in Colombia should have several different withdrawal methods and currency options for Colombians clients to choose from. One of them will likely be more suitable for Colombians crypto holders than another, but you will want to do your research before making any final decisions. If you are looking to cash out your cryptocurrency in Colombia, it is worth checking out the different exchanges and make sure the crypto exchanges you shortlist in Colombia are right for you.

Decide Which Third-Party Broker Exchange You Want To Use

The first step in selecting a third-party broker exchange in Colombia is to determine which one is right for your needs. You may be familiar with the basics of crypto investing, but there are several things to keep in mind when choosing a cryptocurrency broker in Colombia. The crypto trading features Colombians traders need are listed below. Decide which broker is right for your needs by assessing the crypto platforms features. If Colombians traders are a new investors, look for sites that offer beginner crypto resources. Beginner resources in Colombia may include articles, videos and glossaries, as well as fundamental analysis and portfolio diversification.

After choosing your preferred crypto broker in Colombia, Colombians traders should start investing. Take advantage of any educational resources available to you, and outline your investment strategy. Make the most of its trading features and tools in Colombia. It is also important to have access to tech support if Colombians traders need it. If you cannot find help online, contact the crypto brokerage and request support in Colombia.

Sign Up And Complete The Brokerage's Verification Process

You will need to upload a photo of your ID in Colombia. This photo should show your entire ID and should be taken in a well-lit and glare-free environment in Colombia. You should also validate your picture ID with a Colombians government-issued ID before proceeding to verify it in Colombia. During the KYC this process, Colombians traders will be asked to confirm your age and address.

Once Colombians traders have verified your identity, Colombians traders can fund your trading account in Colombia. Depending on the type of account Colombians traders are opening, this process may take a few hours or a few days.

Deposit (Or Buy) Crypto Into Your Account

Before depositing any cryptocurrency into your account, Colombians traders should know how to protect yourself from being a victim of a scam in Colombia. While online payment wallets and debit/credit cards are the safest methods of deposit, Colombians traders should also be cautious of any online services that offer discounts and rewards for cryptocurrencies in Colombia. Before depositing any crypto into your account, Colombians traders should first create a cryptocurrency wallet. This can be done through mining or buying crypto in Colombia. After Colombians traders have obtained a crypto wallet, Colombians traders need to deposit it into your account.

Cash Out Your Crypto By Depositing It Into Your Bank Account

If Colombians traders are looking to cash out your Crypto by depositing it into a bank account in Colombia, there are a couple of options available. First, Colombians traders can use a centralized cryptocurrency exchange that supports a range of Fiat currencies including COP. This way, Colombians traders can sell your Crypto for cash in Colombia and use the funds to buy more crypto or fiat currency you like. Another option is to use a Bitcoin ATM. Cryptocurrency ATMs are banned in some parts of Colombia. Bitcoin ATMs in Colombia are specialized banking machines where Colombians traders can buy and sell crypto from the physical ATM. However, Colombians crypto traders should be prepared to pay high fees. If Colombians traders are a beginner in cryptocurrencies, one of the easiest ways to cash out your Crypto is to sell it online in or outside Colombias. A cryptocurrency debit card can help Colombians traders spend your crypto wherever Colombians traders go, whether it is in a store, online, or at an ATM in Colombia. It can be approved in minutes and can be used to spend your crypto balance instantly within Colombia.

Best Ways To Cash Out Your Crypto in Colombia

There are several different ways to cash out your crypto in Colombia. You can sell your crypto for cash using and online digital wallet like PayPal, Cash App, and other platforms available in Colombia. These platforms show transaction fees and final value of the sale. There are also cryptocurrency debit cards on the Colombians market. Here are the best options in Colombia. Depending on your current crypto holdings, the process can take only a few minutes. Crypto ATMs may be available to Colombians crypto users where not banned, but they tend to charge high transaction fees. You may also have to pay income tax on your earnings in Colombia. Before Colombians traders cash out your crypto, think about your reasons for selling it.

Use A Centralize Exchange To Sell Crypto In Colombia

You may be wondering how to use a centralized exchange to cash out your crypto in Colombia. Unlike traditional banks in Colombia, centralized exchanges do not require Colombians traders to deposit funds to withdraw your cryptocurrency in Colombia. The main reason for this is that the centralized exchanges have lower fees and are not regulated by brick-and-mortar banks in Colombia. Also, the decentralized nature of digital currencies makes them uninterested in collaborating with them. For this reason, some Colombiansusers have experienced significant problems withdrawing large amounts of crypto from centralized exchanges in Colombia.

Some crypto enthusiasts are opposed to centralized exchanges as they go against the decentralized spirit of cryptocurrency. A centralized exchange in Colombia may also require a user to submit personal information and identification to prevent money laundering and fraud in Colombia. Additionally, the security of your digital assets is compromised by the fact that the exchanges may not be completely transparent in Colombia. If Colombians traders want to use a centralized exchange to cash out your crypto in Colombia, Colombians traders need to have the requisite technical know-how and use security measures like 2 factor authentication.

Use Peer-To-Peer Crypto Exchange To Sell Crypto In Colombia

Many of these exchanges in Colombia operate the same way: Colombians traders register with an email address and a password. While most of these platforms do not require identity verification, they do require a certain amount of information from Colombians traders in Colombia. You then post your offers and search for other crypto users to buy and sell your crypto from Colombia. Each offer lists the rate and accepts various methods of payment. Once Colombians traders find a buyer, Colombians traders contact them and arrange a crypto sell transaction.

Regardless of whether Colombians traders are selling or buying crypto, there are many benefits to using a P2P exchange in Colombia. The most obvious one is privacy. But there is a downside to using a P2P exchange: Colombians traders will likely have to pay a premium for privacy. While some people prefer a P2P platform because it is more private and secure, Colombians traders can also expect the price to drop. If Colombians traders want to sell your crypto, Colombians traders should be prepared to wait for a bit.

Choose a reputable crypto exchange in Colombia that supports your preferred method of withdrawal. Many cryptocurrency exchanges in Colombia charge withdrawal fees, and the amount Colombians traders can withdraw is often limited. Withdrawal limits may also increase over time, but only if Colombians traders are loyal to the exchange and complete KYC and AML. Make sure to check these factors before making your final decision on the exchange in Colombia.

Sell Cryptocurrency From Your Crypto Wallet In Colombia

To sell your crypto, Colombians traders must have the public address of your exchange in Colombia. This is the target destination for your crypto. You can also use the public address as a recipient in a crypto transaction. The public address is similar to a Colombians bank account number in Colombia. By providing it to another person, Colombians traders can send money to other people or institutions. You need to provide the public address of the recipient of your crypto for any transaction in Colombia. Using this public address, Colombians traders can make sure that the recipient of your transaction is the right person.

One of the popular ways in Colombia to sell bitcoin and other crypto is to send the crytpo coins to a third party. For this, Colombians traders must create an account with a cryptocurrency exchange in Colombia. Once Colombians traders have done that, Colombians traders can then sell crypto coin assets or withdraw them to your bank account in Colombia. Setting up an account on a cryptocurrency exchange in Colombia is similar to creating a online bank account. You must also complete an identity verification process in Colombia, known as KYC.

Sell Crypto Using Colombians Money Transfer Apps

Traditional money transfer apps in Colombia now support all the major cryptocurrencies like Bitcoin, Ethereum and XRP. First of all, Colombians traders will need to decide what currency Colombians traders want to convert, as well as the amount Colombians traders are willing to pay in fees. Once you have made up your mind, Colombians traders should sign up for a money transfer app. Most of these services in Colombia offer a variety of payment options, including digital currencies like Bitcoin in Colombia that supports the crypto and fiat currencies they want with low fees in Colombia. Some Colombians money transfer apps also have additional security features such as text or email verification, unique user IDs, and profile pictures. You will also need to check minimum transfer limits and overall fees in Colombia before you cashout your crypto using money transfer aps.

Besides centralized exchanges, there are also centralized and P2P cryptocurrency platforms in Colombia where Colombians traders can sell your crypto. PayPal is a good example of a centralized exchange, but Colombians traders will also need a PayPal balance. It is possible to cash out your crypto by using a cryptocurrency exchange in Colombia or a money transfer app if you are in Colombia. Just make sure Colombians traders use a reputable exchange and money transfer service in Colombia.

Use Crypto Debit Cards In Colombia

If Colombians traders have a large amount of cryptocurrency and want to cash out your coins easily, Colombians traders can use crypto debit cards to make purchases at stores, online, or on the go in Colombia. While these cards are not as secure as regular bank accounts in Colombia, they allow Colombians traders to spend and transfer cryptocurrency to fiat currencies whenever Colombians traders want. Colombians crypto traders in Colombia also can use crypto debit cards to receive their salary in Colombia.

If Colombians traders already own some digital currency, Colombians traders can use a crypto debit card to make purchases in Colombia. The cards convert digital assets into fiat currencies and can be used anywhere Colombians traders would use fiat currency in Colombia. You can even use crypto debit cards to withdraw cash from a normal ATM, which is a great way to avoid dealing with exchanges and transferring funds in Colombia. If Colombians traders are interested in the cryptocurrency world, it is important to look for and research crypto debit cards in Colombia.

Crypto ATMS In Colombia

If Colombians traders own cryptocurrency, one of the best ways to cash out your money is using a Crypto ATM in Colombia. Crypto ATMS are banned in some parts of Colombia but where allowed, these machines accept both cash and credit/debit cards from users in Colombia. Before using one, Colombians traders must have a digital wallet, such as an app. To get access to your wallet, scan its QR code or print out its address and take it to the crypto ATM in Colombia. You must also provide your phone number to verify your Colombians identity.

While the cryptocurrency industry claims that crypto ATM machines provide speed, privacy, and ease, Colombians regulators are wary. While some crypto ATMs in Colombia are operated by legitimate businesses, others are set up by unlicensed operators. Regulators in Colombia worry that these machines can serve as a safe haven for fraudsters and money launderers, as well as traffickers. Crypto ATM in Colombia fees are also much higher than those associated with normal bank transactions in Colombia, and some are aggressively marketing themselves to low-income Colombians people who may not know how to use crypto and its high risk of loss.

Can I Withdraw My Crypto Into Cash in Colombia?

Although it will be hard to directly recieve COP cash from an online exchange. Withdrawing your crypto from an exchange in Colombia can be done in a few simple steps. The exchange in Colombia will generally require proof of identity before allowing Colombians clients to withdraw your funds. The easiest way is to move the funds to your bank account in Colombia. You will need to add your Colombians bank details to your account and go to the 'withdraw' tab on the exchange's website. Once Colombians traders have logged into your account, Colombians traders will be asked to verify your identity before Colombians traders are given the option to withdraw your funds in Colombia.

Another way to withdraw your crypto is to use a peer-to-peer exchange in Colombia. Peer-to-peer exchanges allow Colombians traders to make purchases and sell your crypto to others directly. These exchanges in Colombia work by allowing sellers and buyers to decide on the price for a transaction. It takes time to set up two-factor authentication on the exchangein Colombia, but it is well worth it. Once Colombians traders have done this, Colombians traders can choose how much Colombians traders wish to withdraw.

Is There A Fee To Cash Out Crypto in Colombia?

Yes there will be fees to cash out your crypto in Colombia. Including crypto transaction fees, currency conversion fees, and withdrawal fees for Colombians users. Make sure you are aware of all fees and especially COP exchange rates with converting crypto to fiat Colombians money.

Once Colombians traders have chosen the cryptocurrency exchange in Colombia where Colombians traders would like to make your transaction, you will need to choose a method of payment. Depending on your needs, this might involve sending your crypto to a Colombians bank account or sending your money through wire transfer in Colombia. Either way, Colombians traders will need to pay fees. While a peer-to-peer exchange in Colombia offers Colombians traders an option to send and receive bitcoin and other crpyto, Colombians traders will need to be aware of all fees. While a centralized exchange provides a fast and secure method of exchange in Colombia, Colombians traders will need a bank account in order to make a transaction.

Transactional Costs On Peer-To-Peer Platforms in Colombia

Peer-to-peer exchange platforms in Colombia use a platform-specific currency. Like conventional marketplaces, members trade in this currency, which they earn by selling and using only on the platform in Colombia. Crypto platform operators may restrict the setting of prices for a variety of reasons, including fairness, market stability and transparency in Colombia. Unfortunately, we do not always know the consequences of these decisions. Regardless, peer-to-peer exchange platforms offer several advantages over conventional marketplaces.

In addition to potentially reducing transaction costs for Colombians traders, these platforms in Colombia also increase competition. Because there is no third party involved in crypto transactions, they may not be of the quality we expect or be paid at all, which is why financial regulation in Colombia is very important. But the reduced overhead costs in you can find a financially regulated peer to peer crypto exchange in Colombia it might be a cashing out option.

Why Transfer Crypto To Your Bank Account in Colombia?

Colombians banks in Colombia are stable places to store your COP money. If you have crypto holdings and wish to convert them to a safer fiat currency, storing them in your Colombians financially regulated bank may be the safest place for your money to be in Colombia.

When transferring crypto to your bank account in Colombia, make sure to choose a trusted and reputable crypto platform. Banks in Colombia offer several benefits that will benefit prospective users. Most Colombians banks cover fraud and theft. Colombians banks monitor accounts for suspicious activity and freeze them when suspicious activity is reported. Most platforms will verify your transactions within an hour, while others aim for minutes in Colombia.

To avoid paying multiple fees, transfer crypto to a secure cryptocurrency wallet in Colombia. Crypto wallets in Colombia are more secure than exchanges, but the process of transferring crypto from one to another can be time-consuming. Some wallets will require Colombians traders to transfer your crypto to an exchange first. Once Colombians traders have done that, Colombians traders can transfer your crypto to an exchange and sell it for fiat currency in Colombia. Alternatively, Colombians traders can transfer your crypto to a bank account in Colombia and keep the fiat currency.

How To Move Crypto To A Bank Account in Colombia?

Firstly, Colombians traders can use a wallet that supports crypto that can be linked to your bank account in Colombia. The best crypto wallets in Colombia will typically support several types of currencies, including bitcoin, ethereum and litecoin as well as bank and wire withdrawals. Depending on the currency, Colombians traders can use any of the different wallets to withdraw funds in Colombia. Alternatively, Colombians traders can sell your crypto and move it to a bank account in Colombia. While this may be a convenient option, it is important to choose the best way for you to withdraw your crypto in Colombia, depending on the urgency and your needs.

To move crypto to your bank account in Colombia, Colombians traders need to link your preferred bank account. Then, Colombians traders can select your desired withdrawal amount, choose the bank account Colombians traders want to withdraw too, and click the transfer button. This can be found under the balance of your Colombians crypto account. While many banks have been wary of cryptocurrency in Colombia, more banks are beginning to take notice of the value and convenience that this new currency provides people in Colombia. Bitcoin is one of the most popular ways to move your crypto. Unlike traditional banks in Colombia, it is much more convenient to use than other payment methods in some cases.

Considerations When Cashing Out Crypto in Colombia

If Colombians traders decide to cash out your crypto, Colombians traders need to consider tax implications in Colombia. If Colombians traders sell your crypto at a loss, Colombians traders will be required to report the capital gain to local Colombians tax authorities. However, Colombians traders can offset that loss by selling other cryptocurrencies that generate a higher profit. To cash out your cryptocurrency, use a centralized exchange or a P2P exchange in Colombia to sell your crypto coins. Whether Colombians traders choose to cash out your coins or hold them is entirely up to you, but Colombians traders should be aware of the tax consequences and opportunity cost of selling them in Colombia.

While selling crypto through P2P trading in Colombia is less complicated, it may require more time. You need to identify a buyer, post an offer, and negotiate. In some cases, hardware wallets are capable of cashing out crypto for fiat COP in Colombia. In such a case, Colombians traders can sell your bitcoins and other crypto assets for cash.

When Should You Sell Crypto in Colombia?

If Colombians traders hold a cryptocurrency long enough, Colombians traders should realize that it has incredible income potential in Colombia. Once your cryptocurrency price has reached its highest point, Colombians traders may want to sell it. Normally, Colombians traders will not lose more than they initially invested, but Colombians traders might consider selling some of your holdings in order to rebalance your portfolio in Colombia. In addition to knowing your targets, it is also important to determine the amount of profit Colombians traders would like to make. If Colombians traders are not willing to wait for a big spike in price, Colombians traders can sell portions of your cryptocurrency in Colombia at a low price to ensure a profit and a good amount to reinvest later. But the danger of holding onto your cryptocurrency in Colombia can be high.

Things To Consider Before Selling Crypto in Colombia

If Colombians traders are considering selling your cryptocurrency in Colombia, there are a few things that Colombians traders should keep in mind before making a decision. One of the most common mistakes made when investing in cryptocurrency from Colombia is to panic sell. While a price drop is inevitable, Colombians traders must always remember that it is not a reason to sell your cryptocurrency in Colombia. In addition, the digital currency market is small and volatile, which means that a single news article can cause dramatic fluctuations in spot cryptocurrency prices in Colombia.

If Colombians traders are selling cryptocurrency to make a profit, it is important to set a stop loss to protect your exposure and capital from unexpected downturns in Colombia. However, Colombians traders should keep in mind that your ability to sell depends on your reputation as a seller in Colombia. You will want to avoid marking your premiums too low, as it will increase the chances of being sold but bring in less money for your crypto in Colombia.

Can I Transfer Crypto To My Bank Account in Colombia?

To transfer crypto to your bank account in Colombia, Colombians traders first need to sell your cryptocurrency to a centralized exchange. Once Colombians traders have fiat currency, Colombians traders can transfer your funds directly into your bank account in Colombia. However, decentralized systems do not work well with traditional large banks. To solve this problem, Colombians traders can use VPN services or other services that protect your bank account details in Colombia. In most cases, Colombians traders should have no problem cashing out your crypto. It should only take a few minutes in Colombia.

The process to send crypto to your Colombians bank account is quite simple. After creating an account with a cryptocurrency exchange in Colombia, Colombians traders can choose your desired amount and bank account. You will then need to insert your account details. This includes your bank's name, IBAN, and title in Colombia. Once Colombians traders have entered all the information, Colombians traders will receive a confirmation request that includes the details of your transaction, including fees and charges in Colombia.

How To Send Crypto To Bank Account in Colombia?

Many cryptocurrency exchanges only deal in crypto to crypto transactions in Colombia. That means that transferring crypto from your wallet to a bank account requires an on-ramp and an off-ramp. Once Colombians traders have decided on your cryptocurrency exchange in Colombia, the next step is to cash it out. Cashing out requires transferring the funds from the cryptocurrency exchange in Colombia to your bank account. If Colombians traders are using an exchange in Colombia, Colombians traders will need to provide an accurate bank account address in Colombia in order to receive the funds. When cashing out, be sure to confirm the tax details. Some exchanges offer multiple options for cashing out, including a paid option and a linked debit card for clients in Colombia.

How Long Should I Hold My Cryptocurrency in Colombia?

Although there are risks associated with buying and selling cryptocurrencies in Colombia, Bitcoin prices have generally trended upward over time. Even in bear markets or temporary corrections, crypto prices have often recovered. This is not guarenteed in Colombia. As the Colombia and global economy slows, the crypto market trading volume as dropped. Many believe this is due to scarcity and limited supply. While this strategy is high risk, it has been successful for some past long-term Colombians investors. Investing in crypto assets past performance is not always an indicator of future performance for Colombians traders. If Colombians traders do sell your cryptocurrency in Colombia, it is crucial to map out a plan to make a profit.

The answer to this question will depend on your own personal goals in Colombia and the market conditions in the country in which Colombians traders live. It is a good idea to hold your cryptocurrency in Colombia for at least 12 months, as this will lower your Colombians tax. But taxes should never be the sole factor in your decision making in Colombia. You should also consider the volatility in the market, and the value of your investment in Colombia. And finally, Colombians traders should be able to determine whether it is time to sell or hold.

Should I Sell My Profits On Crypto in Colombia?

Before Colombians traders sell your cryptocurrency profits in Colombia, it is important to think about the costs of doing so. For instance, Colombians traders might have invested in Bitcoin but did not pay taxes on it. Not only will this be an inconvenient situation, but it can also lead to penalties and criminal prosecution. Depending on your risk tolerance in Colombia, it may be more advantageous to sell your cryptocurrency profits to pay off debt instead of spending the money on the initial investment in Colombia.

As long as Colombians traders know your goals and have a clear plan for your investment in Colombia, Colombians traders will be able to decide when to sell your crypto profits in Colombia. You should also have a plan for how to invest your profits once Colombians traders have made a profit in Colombia. Without a strategy, it can be easy to get carried away and spend your money in Colombia without a clear goal.

How Much Profit Should You Take On Crypto in Colombia?

If Colombians traders are looking to invest in crypto, Colombians traders should reinvest your profits to continue earning in Colombia. By investing your profits, Colombians traders can ensure that your capital is constantly growing. Alternatively, Colombians traders can use a portion of your profits and wait until Colombians traders have reached your seed capital in Colombia. Taking your profits from crypto is an important aspect of being smart, but it also requires good research and keen decision-making skills in Colombia.

One of the most common mistakes that Colombians crypto investors make is panic-selling in Colombia. When the price of a crypto asset drops, many Colombians investors are tempted to sell their entire portfolio in an effort to maximize their profits. But a good profit-taking strategy will ensure that Colombians traders are holding a portion of your profits and reinvesting the rest of your funds else where in Colombia.

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