Home
»
Crypto Banks
»
Buy Bitcoin and Crypto with Banco Pichincha

Buy Bitcoin and Crypto with Banco Pichincha

Adrian Graham
Fact Checked
Oct 19, 2022

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 eToro exchange because they are licensed by Banco Central del Ecuador and offer fast and cheap Ecuadorian Sucre (ECS) deposits from Banco Pichincha accounts.

Table of Contents

Best Crypto Exchange for Ecuadorian Banks

Platform Highlights

  • Fast and cheap Ecuadorian Sucre (ECS) deposits and withdrawals from any Ecuadorian Bank.
  • Buy and sell over 8,000 Cryptocurrencies, Stocks, ETFs, Commodities and other assets.
  • Globally regulated and licensed trading platform with over 18 million users.
78% of retail CFD accounts lose money.

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.

How to Buy Crypto with a Banco Pichincha

As mentioned above, the best exchange in Ecuador to buy and sell digital assets is the eToro platform. They offer instant ECS deposits to buy and sell a wide variety of crypto assets and thousands of stocks, ETFs, commodities, treasury notes and more. Their platform is safe, offers 24/7 live customer support and the platform is available in Spanish and 30 other languages.

You can get started in 4 simple steps:

  1. Create an account: Sign up to the eToro platform and verify your identity (personal or company)
  2. Fund your account: Select the 'Deposit Funds' button to connect your BBVA Bank account and select the currency you want to transfer (e.g Ecuadorian Sucre)
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab
  4. Execute your trade: Input the amount you want to buy and execute your trade
Deposit Funds and invest in Crypto with Banco Pichincha.

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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

Twitter
View Posts