Trade XRP in Ecuador

This page answers one question for Ecuador: how a resident actually gets XRP exposure, and what the rules say.

Is XRP trading legal in Ecuador?

Ecuador separates the two things a person can do with crypto, and answers them in opposite directions. Buying and selling it is not forbidden: the Banco Central del Ecuador stated on 24 January 2018 that the purchase and sale of cryptocurrencies such as bitcoin over the internet is not prohibited, while stressing that bitcoin is not legal tender and is not authorised as a means of payment for goods and services under article 94 of the Codigo Organico Monetario y Financiero.

What the contract is

The contract itself does not change by geography: a XRP perpetual settles in USDC everywhere.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open XRP-PERP

Pick XRP in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

XRP-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of XRP at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Capital gains from the transfer of equity rights are taxed at a 10% income tax rate in Ecuador.

Trading XRP from Ecuador: regulated.

Banco Central del Ecuador (BCE) and Junta de Política y Regulación Financiera y Monetaria (JPRFM).

For Ecuador residents trading XRP: Capital gains from the transfer of equity rights are taxed at a 10% income tax rate in Ecuador.

Bit2Me may request additional identification documents from users in Ecuador during account operations to comply with local legislation.

On Canborsa, traders in Ecuador can use up to 20x leverage on XRP.