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Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
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.
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.
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.
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.
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%.
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.
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.
There are three main types of Bitcoin wallet and all of them are supported in Ecuador:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.
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.
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.
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.
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.
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.
Citizens of Ecuador can use Coinbase to convert cryptocurrencies with other cryptocurrencies.
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.
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.