COP – Colombian Peso at Online Casinos in 2023
The South American country of Colombia is located in the northwest part of the continent, bordering Ecuador, Venezuela, Peru, Brazil and Panama. With a land size of 1,748 km2, the Caribbean Sea and the Pacific Ocean lies to the east and west. Colombia is made up of 32 departments and the capital district of Bogota.
The population stands at over 50 million people. Its people's history dates back around 12,000 BCE where its first inhabitants were the Quimbaya, Muisca and Tairona. At the end of the 15th century, the Spanish arrived, and it wouldn't be until 1886 that Colombia would achieve independence.
The country is rich in biodiversity with terrain that includes deserts, highlands, the Amazon rainforest and grasslands. This makes Colombia a must-see for tourists.
Online Casinos for players in Colombia with Colombian Pesos
Punters with Colombian pesos can find licensed and regulated online casinos accepting COP here at Fortuna Online Casinos. Each mobile online casino on our list comes with its own in-house review. We cover areas such as online and live casino bonuses, casino bonus wagering requirements, online casino payment methods, games and more.
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About the Colombian Peso
The Colombian peso (COL$) is the official currency of the Republic of Colombia. It is issued by the Banco de la República ↱. It has been the official currency since 1810 when it replaced the real. The currency has undergone several transformations from using the gold standard, a peg to the French franc, British pound, and the US dollar. Today it is a free-floating currency often quoted in US dollars.
Colombia has the fourth-largest economy in Latin America with a nominal GDP of $328 billion (2019). The economy is commodity-driven with petroleum making up 45% of Colombia's exports. For this reason, the Colombian peso is often regarded as a petro-currency similar to other countries like Canada.
FAQ for Colombian Peso at casinos
Gambling in Colombia is considered legal as the practice is regulated. In fact, Colombia was the first country to legalise gambling in South America. This helps ensures that casinos that accept COP currency are generally safe for players.
Coljuegos ↱ is the gambling regulator of Colombia responsible for licensing and regulating the industry since 2016. Applicable regulations can be found in the Egaming Act. Gambling online has proved a great source of industry tax revenue, used to funds Colombia's National Health Services and other initiatives.
Offshore casinos that target Columbians without a local license will find their IP addresses blocked. To date close to 2000 domains have been restricted, finding themselves in the regulator's bad books.
We are happy to bring casinos that accept Colombian peso currency to players in and outside Colombia.
Mobile online casinos are generally safe for Colombia players since they must be licensed and regulated. Offshore online casinos that we present are also licensed and regulated in Europe by competent authorities such as the UKGC and MGA. We may also recommend Curaçao-licensed casinos when we feel that they represent a safe and reliable alternative.
The random number generators (RNGs) of games of chance used to determine round outcomes are tested and certified for fairness.
Any casino licensed in Colombia will accept Colombian pesos. Suppose you reside outside of Colombia and wish to play at online casinos with Colombian peso. In that case, it is possible to find them too. We suggest that you start by looking at the casinos that we offer here on our page.
Although some players might decide to exchange their home country's currency into Colombian pesos, we don't advise this. The reason is that you will incur foreign exchange fees that can eat up some of your money. Suppose you would like to cash out winnings in Colombian pesos. If you want to convert those back into another currency, you will incur additional foreign exchange fees. Also, consider that the foreign exchange movement may move against you.
Yes, it is possible to make COL$ deposits and withdrawals at Colombian casinos with COP currency. This means that players can also make their favourite peso bets on slots, live casino and table games. See our page for some of the best online casinos that accept Colombian pesos.
Players outside of Columbia may have the option of playing in Columbian pesos. However, some casinos will only allow players to use the currency of their home country.
Casino bonuses generally depend on the home country of the player rather than the currency. This means that players with COL$ can qualify for a bonus provided that their online casino offers them.
Welcome bonuses typically consist of a match deposit bonus, but sometimes can also include free spins on a popular slot. A few online mobile casinos may offer a no deposit casino bonus before making your first COL$ deposit. These will award bonus money on selected games or free spins. It's best to check the casino's bonus T&C to see what bonuses players from your country qualify for first.
Colombian players have a number deposit and withdrawal options depending on the casino. First, credit cards like Visa and Mastercard are often accepted. These have several advantages, including security, safety and speed. Unfortunately, it may not be possible to withdraw Colombian pesos using these methods in all cases.
Electronic vouchers like Paysafecard may be accepted at some Colombian casinos. While these are fast, safe and secure, they do not allow withdrawals. This may mean that you will need to use a bank transfer for a cashout.
You can generally find the available list of payment options in the banking section or T&C of the casino.