How to Buy Bitcoin in Ecuador

A Step-by-Step-Guide on how to buy Bitcoin in Ecuador

Step 1

Sign up for a Coinmama account

Use the following link and join at Coinmama.

Provide an email address, take a username, and use a secure, strong password.

The infrastructure and webpage of Coinmama is secure and fast, so you're personal data is safe.

Step 2

Verification of your account


In order to buy (BTC) Bitcoin with fiat currencies, like USD or EUR, you’ll need to provide your name, date of birth, country and phone number alongside with additional support documents verifying your identity.

Those supporting documents are a valid ID, like Passport, Drivers license or National identity card (front + back) and sometimes as well Proof of Residence Document like Credit card statement, Utility bill(water, electricity, gas, internet, phone), Payroll statement -or- Official salary document from employer, Residence certificate or Tax document.


The reason for this strict verification is to forbid identity fraud or theft.

Step 3

Commence buying Bitcoin by depositing USD or EUR


Staking your account with USD or EUR for swaping can be done distinct ways, including domestic wire transfers, SWIFT and SEPA and creditcard.

The variant you select will be based on your location and preference.

Once your fiat currency arrives in your account, that amount will be converted to Bitcoin.

With your account you’ll as well have access to support, charting tools and leveraged trading.

For buying BTC you will also need to have a wallet.

Congratulations! You've successfully bought and stored Bitcoin in Ecuador.

That's it!

Some more instructions:

How to buy Bitcoin