Over the last 5 years, Venezuela has seen some of the worst economic instability in the country’s history. From hyperinflation to unemployment and poverty, Venezuela’s currency has become close to worthless. This crisis forced locals to look for alternatives, such as cryptocurrency.

In 2018, Bitcoin trading shot up by 84.5%; by the middle of the year, Venezuela accounted for almost 16% of the world’s trading volume. However, with too much to lose, Venezuelans are looking for a secure, reliable platform to manage and carry out their trades.

Luckily, there is a way to both remain secure online and easily buy and sell Bitcoin in Venezuela. A crypto marketplace CoinCola has recently expanded into the international market, and its first destination happens to be Venezuela.

BONUS1: CoinCola Now Allows Buy Bitcoin With A Gift Card And Provides $5 BTC Bonus!

From competitive market fees to a trustworthy peer system, we would like to introduce the service that has the potential to help kickstart Venezuela’s economy by increasing the use of cryptocurrency such as Bitcoin.

Introducing CoinCola in Venezuela

CoinCola is a cryptocurrency exchange marketplace that consists of two core services. The first is a crypto exchange. The second, more interesting technology, is the over-the-counter trade. In essence, you get a multidimensional trading service with low fees, great customer support, and minimal effort on your end.

Firstly, CoinCola doesn’t charge traders with unreasonable fees for trades or withdrawals. In fact, the OTC platform is entirely free; all you would need to pay for is advertising fees if the ad resulted in a trade. This fee, however, is the lowest you will find on the market, specifically 0.7% commission.

Additionally, CoinCola’s OTC marketplace is based on peer-to-peer trades and supports all local fiat currencies. Furthermore, when you carry out the transaction, you have the option to leave a review for the trader on the other end. This “trust” system allows users to identify reliable partners and problematic traders alike.

How to Buy and Sell Bitcoin in Venezuela

Step 1: Register and Verify Account

a. Enter https://www.coincola.com or https://www.coincola.app through your browser.

b. Register by clicking “sign up” and verify your phone number.

c. Log into your CoinCola account.

d. Click on the “user center” website section. If you are using the app, click “settings” tab in your “me” screen.

e. Press “authentication” or “real name verified” depending on the version you’re using.

f. Confirm your identity by uploading photographs and keying in your data.

g. You will receive a confirmation.

Step 2: Buying and Selling Bitcoin in Venezuela

a. Click on the “OTC” section of CoinCola.

b. Click “buy BTC” and choose a seller.

c. Choose the amount you’d like to buy or sell in Bitcoins.

d. Open the trade, contact the seller, and complete payment once you agree on the details.

e. Click “mark as paid”; your coins will get released shortly.

BONUS2: Make Your First Bitcoin Trading On CoinCola To Get 0.0001BTC Bonus Today!

Is it secure to buy Bitcoin on CoinCola?

In a nutshell, so long as you follow the service’s instructions, the process is completely safe. CoinCola uses strong encryption (on a bank level) in order to keep your accounts protected and your data anonymous. Moreover, ensuring that you don’t make more than several transactions per wallet will further increase your chances of being untraceable.

Final Words

Finding a reliable marketplace for secure yet hassle-free crypto trades can be complicated. However, now you are familiar with CoinCola – a trusted, multidimensional service that allows you to buy and sell Bitcoin in Venezuela. Leave us your feedback down below!

About CoinCola

Founded in 2016, CoinCola is a Hong Kong based company offering both over-the-counter cryptocurrency trading and crypto-to-crypto pair trading exchange. CoinCola now serves millions of users from over 150 countries with our fast, secure, and reliable trading services. We support BTC, ETH, BCH, LTC, USDT, DASH, and XRP. Visit www.coincola.com for more information.

Calculating your current Bitcoin holdings? Check out our real-time Crypto Converter here.