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How to Buy Crypto with Banco Pichincha

How to Buy Crypto with Banco Pichincha

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March 9, 2023
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Summary: Banco Pichincha does not directly offer Bitcoin and cryptocurrency investing through its internet banking platform. However, they do allow customers to buy and trade Bitcoin and other digital assets through a regulated crypto broker in Ecuador.

We recommend the Bybit exchange because they offer fast and free US Dollar deposits from Banco Pichincha and other Ecuadorian bank accounts. Bybit is a secure non-KYC crypto exchange that have audited proof-of-reserves that shows customer funds are always backed 1:1.

Table of Contents

Best Exchange for Banco Pichincha

Platform Highlights

  • Free USD deposits from Banco Pichincha via Bank Transfer, Debit/Credit Card, Payeer & more.
  • Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot, Futures & Options trading.
  • Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
Bybit - Banco Pichincha
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Audited Proof of Reserves
Audited Proof of Reserves

Can you Buy Crypto with Banco Pichincha?

Banco Pichincha can be used to purchase cryptocurrencies so long as you do so through a reputable site that takes deposits in US dollars from banks in Ecuador. Since the bank's platform does not yet allow cryptocurrency trading or wallets, Banco Pichincha account users will need to find an alternative. By using a secure cryptocurrency exchange that accepts US Dollar deposits from Banco Pichincha and other Ecuadorian banks, investors can safely and easily buy and sell digital assets.

How to buy Crypto with a Banco Pichincha

As mentioned above, the best exchange in Ecuador to buy and sell digital assets is the Bybit platform. Banco Pichincha users can deposit funds to Bybit via a variety of deposit methods including Credit/Debit card, Advcash, AirTM, Payeer, Zelle, ACH, Google Pay, Bank Transfer, Maestro, Wire & WireTransfer.

You can get started in 4 simple steps:

  1. Sign up to Bybit with your email address and create a password.
  2. Tap 'Buy Crypto', then 'One-Click Buy' and select currency.
  3. Pick a method and the cryptocurrency you want to purchase.
  4. Enter the amount you want to purchase and tap the 'Buy' button.
How to buy Crypto with a Banco Pichincha.
How to buy Crypto with a Banco Pichincha.

Is Banco Pichincha Crypto Friendly?

Banco Pichincha is one of Ecuador's largest banks and it appears to be friendly towards cryptocurrencies. The bank does allow its customers to deposit and withdraw funds from accredited exchanges with bank transfers and allows investors to use their credit and debit cards to purchase cryptocurrencies.

It is worth noting that Banco Pichincha operates in a country where the government has taken a positive stance towards cryptocurrencies.  In July 2018, the Ecuadorian government announced that it would start using and testing the Ethereum blockchain to create a digital ID system for its citizens.

About Banco Pichincha

Banco Pichincha is the largest bank in Ecuador and one of the largest banks in Latin America. It was founded in Guayaquil in 1906 by a group of local businessmen and government officials. The bank has a long history of serving the people and businesses of Ecuador, and today it has branches all over the country.

The bank offers a wide range of banking products and services, including savings and checking accounts, loans, credit cards, and investment products. Banco Pichincha also has a strong commitment to social responsibility, and it supports several charitable causes. If you're looking for a reliable and trusted bank in Ecuador, Banco Pichincha is a great choice.

Banco Pichincha Online Banking.

Final Thoughts

In conclusion, while Banco Pichincha's internet banking platform does not currently offer direct support for cryptocurrency investing, it is possible to buy and trade digital assets through a regulated crypto broker in Ecuador. By using a secure and reputable cryptocurrency exchange such as Bybit, Banco Pichincha account holders can deposit funds via various methods including credit/debit card, bank transfer, and wire transfer to purchase and sell cryptocurrencies. It is worth noting that Banco Pichincha is crypto-friendly and allows its customers to use their credit and debit cards to purchase digital assets.

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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