Buy Crypto & Bitcoin in Ecuador

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  • Popular Exchanges to Buy Crypto & Bitcoin in Ecuador
  • eToro exchange logo
    eToro
    BUY NOW at eToro's Secure Site
    Fees
    Varies by crypto/spread
    Account Minimum
    $50
    Promotion
    None
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    • Does not support credit card buys for US users.

    Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

  • Coinmama exchange logo
    Coinmama
    BUY NOW at Coinmama's Secure Site
    Fees
    2.93% - 3.90%
    Account Minimum
    $30
    Promotion
    30% Referral Commission
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Cryptoassets are highly volatile. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Pros
  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

PaybisPaybis

Paybis is a popular cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

Pros
  • 24/7 live support
  • Extremily high limits
  • 5 Minute verification
  • Get payouts fast
  • Large selection of payment methods
Cons
  • No traditional orderbook for advanced traders
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

SatoshiTangoSatoshiTango

SatoshiTango is a South American Bitcoin exchange. Users in Brazil, Colombia, Chile, Peru, Uruguay, Argentina, Costa Rica, Ecuador, El Salvador, Honduras, Panama and Nicaragua can use SatoshiTango to buy bitcoin.

Payment methods include bank transfer, bank wire, cash deposit in Buenos Aires or through a coupons from PagoFacil, RapiPago, BaproPagos, CobroExpress or ProvinciaPagos.

Pros
  • One of the best ways to buy bitcoins in the countries it covers
  • Allows for the payment of utility bills and the purchase of airtime with bitcoin
Cons
  • Not private since identity verification is required
  • Due to regulations, a separate account is needed for each fiat currency SatoshiTango accepts; USD, EUR and ARS
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Ecuador


Ecuador is a developing country in South America, ranking low on economic freedom and high on corruption.

Property rights, government integrity, and judicial effectiveness all rank low in Ecuador, making Bitcoin and other crypto assets all the more necessary for Ecuadorians trying to save and protect their wealth.

In February 2022, the Central Bank of Ecuador announced plans to issue crypto regulations later in the year. Many believe the regulations will target crypto use for illegal purposes, such as money laundering. Guillermo Avellan, manager of the Central Bank, affirmed that Ecuador would not move to make bitcoin or any cryptocurrency legal tender in the country.


country image
Quito - the capital of Ecuador

If you are from Ecuador and are interested in allocating some of your money to crypto, you can use some of the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Ecuador, allowing you to select one based on your requirements and preferences. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to understand that certain exchanges might require the purchase of a wallet before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119


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Best Bitcoin Wallets for Ecuador



There are three main types of Bitcoin wallet and all of them are supported in Ecuador:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Ecuador


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Ecuador that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

  • Exchanges in Ecuador that Support Ethereum
  • eToro
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge
  • Coinmama
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc
  • Paybis
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc usdt

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Dogecoin How to Buy Dogecoin in Ecuador


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

  • Exchanges in Ecuador that Support Dogecoin
  • eToro
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Ecuador


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Ecuador that allow you to buy litecoin and other crypto assets for good exchange rates.

  • Exchanges in Ecuador that Support Litecoin
  • eToro
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge
  • Coinmama
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth
  • Paybis
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth usdt

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Exchange Hacks and Crypto Scams in Ecuador


As of January of 2021, we could find no exchange hacks or significant scams affecting Ecuador or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Ecuador.


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FAQ


Does Coinbase work in Ecuador?

Citizens of Ecuador can use Coinbase to convert cryptocurrencies with other cryptocurrencies.

Where Can I Find a Bitcoin ATM in Ecuador?

There is only one Bitcoin ATM located in Ecuador. You can find it at Criptec at the Mokai Business Center, Piso 3.

You can also use our Bitcoin ATM finder tool to get more info on that location.

What is the price of Bitcoin in Ecuador?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

About the Author: Jordan Tuwiner

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.