How To Buy Bitcoin in Ecuador?
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Easiest and cheapest ways to buy crypto in Ecuador
Getting bitcoins in Ecuador is not an easy task as not all popular crypto exchanges are available to Ecuador citizens. This is a current list of bitcoin exchanges that allow users from Ecuador to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

eToro





eToro is one of the leading crypto exchange platforms that offer its users social and copy trading. This platform was founded in 2007 in Cyprus and has amassed more than 20 million users in 140 different countries. As of lately, the US has joined the list of supported countries as well.
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Deposit fees:
Free Withdrawal fees:
$5 Trading fees:
0.75 % β 4.9 % spread depending on the cryptocurrency Payment Methods:
15+ (Credit Cards, MasterCard, Visa, EWallets, etc.) Supported fiat:
USD, EUR, GBP, and 20+ more
Β βVirtual Hubβ feature
Β It is regulated
Β Several security measures
Easy-to-use
Few available cryptos
Scalping isnβt enabled

Binance





Binance was launched back in July of 2017 and very quickly became the worldβs largest cryptocurrency exchange by trading volume with more than $1 billion on a daily basis.
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Deposit fees:
Free Withdrawal fees:
Vary from crypto to crypto Trading fees:
0.1% Payment Methods:
Debit Card, Credit Card, SWIFT, Bank Transfer (SEPA), and more Supported fiat:
USD, EUR, GBP, AUD, RUB, and 15+ more
Β The largest cryptocurrency platform
Β Various advanced services and features
Β Low fees and high liquidity
A large number of cryptocurrencies supported
Not fully registered
Hacked in 2019

Kraken





Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.
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Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free) Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD) Trading fees:
Maker: 0.16%Taker: 0.28% Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko Supported fiat:
USD, EUR, GBP, JPY, CAD
Β Available almost worldwide
Β High security
Β Over 90 cryptocurrencies
Various payment methods
Fees slightly above the industry average
No tax support
Best Bitcoin Wallets in Ecuador
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Suriname?
- How To Buy Bitcoin in Laos?
- How To Buy Bitcoin in Myanmar?
- How To Buy Bitcoin in South Korea?

Coinbase





Cex.io is one of the older centralized cryptocurrency exchanges that is still going strong, adding new coins and features to its trading platform every month. Founded in 2013, this exchange is one of the oldest Bitcoin exchanges. Cex.io is based in London, UK.
More info +
Deposit fees:
Β 0 β 3.99 % Withdrawal fees:
0 β 3 % Trading fees:
0 β 0.25 % Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments Supported fiat:
USD, EUR, GBP, RUB
Β Regulated and licensed
Β Over 4 million users worldwide
Β Fast support
Various payment options
Just 4 fiat currencies are available
Extensive Verification Process

Bitstamp





Bitstamp is one of the oldest and more reliable crypto exchanges in the world. It was launched back in 2011 by Damijan Merlak and Nejc KodriΔ in their native Slovenia. However, the exchange moved to the UK in 2013 and since 2016 it is based in Luxemburg.
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The main features of the exchange are buying and selling cryptocurrencies, spot trading, and staking. Bitstamp does not support the margin of future trading.
Deposit fees:
0 β 5 % Withdrawal fees:
Sepa β 3 EUR, ACH β Free, Credit cards β 5%, International wire β 0.1%, and crypto β depends on the asset (0.0005 BTC) Trading fees:
0 β 0.5 % Payment Methods:
Credit/Debit Card, ACH Transfer, SEPA, USD Wallet, Faster Payments, and International Wire. Supported fiat:
USD, EUR, GBP
Β It is one of the oldest crypto exchanges
Β Useful for both beginners and experienced traders
Β Low fees
Security and reputation on the high level
The limited number of coins supported (50)
No margin or future trading
The limited number of coins available for staking (2)

Paybis





Paybis is a cryptocurrency exchange that offers a safe, secure, stable, and easy to use platform to its users from when it was founded back in 2014.
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Deposit fees:
Free Withdrawal fees:
Free Trading fees:
0.99 β 2.49 % Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller. Supported fiat:
USD, EUR, GBP, and 40+ more
Β Super easy to use
Β Excellent customer support
Β A great resource for crypto education
Transparent fees and fast transactions
A limited number of supported crypto assets
A bit higher trading fees

Paxful





Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.
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Deposit fees:
Free Withdrawal fees:
0.5% β 5% Trading fees:
No buyer fee, seller fee varies from 0.5% to 5% Payment Methods:
Over 350 payment methods are available Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more
Β Safe Escrow trading
Β Various payment methods
Responsive support forum
Support for a large number of fiat currencies
A bit higher fees
A lot of scammers

Coinbase





If we want to mention the biggest cryptocurrency exchanges in the world, Coinbase is most likely the first name that comes to our mind. Coinbase is a very powerful crypto platform, especially in the US.
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Deposit fees:
Credit/Debit Card: 3.99%SEPA: β¬0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 Withdrawal fees:
SEPA: β¬0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 Trading fees:
Fees vary Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer, Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more
Β Very large user base and extremely popular
Β Debit card available
Β A variety of fiat currencies supported
Over 100 cryptocurrencies supported
No future or margin trading
Fees are fairly high

Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies Withdrawal fees:
None Trading fees:
0.25% Payment Methods:
Debit Card, Credit CardΒ Supported fiat:
USD, EUR, GBP
Β Wide range of cryptocurrencies
Β Low crypto-to-crypto exchange fees
Β Easy to use
Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options
Frequently asked questions about buying Bitcoin in Ecuador

You can buy Bitcoin in Ecuador on any of the exchanges mentioned in this article.

Yes, Coinbase is available in Ecuador.

You can use Exodus, Ledger, or Coinbase Wallet in Ecuador.

The Ecuadorian financial system strictly blocks any cryptocurrency-related transaction. Despite this, on January 8, 2018, according to a statement issued by the Central Bank of Ecuador,Β the purchase and sale of bitcoins is legal.
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