Polymarket in Ecuador: is it legal and how to deposit? (2026)
Available
No Polymarket restriction and no known local block.
How to deposit from Ecuador
The short route: get USDC with USD on Binance or OKX (directly or by converting USDT, depending on what is offered locally) and send it over the Polygon network to your Polymarket deposit address, found under Deposit → crypto transfer. Polymarket charges nothing to deposit or withdraw; what you pay is the exchange fee and the currency conversion.
The full step-by-step, with the most common mistakes, is in how to deposit on Polymarket.
Ready to try Polymarket
- Free account in two minutes, no mandatory minimum deposit to sign up.
- Deposit USDC from your exchange and withdraw whenever you want, with no Polymarket fee.
- Start small: each contract costs between 0.01 and 0.99 USD.
18+ only. Referral link: it costs you nothing and helps keep MercadoDice running. Only trade money you can afford to lose.
Polymarket is not available in your country. You will only find information here, not sign-up links.
No currency conversion: Ecuador already uses dollars
Ecuador has an edge over the rest of the region. Its currency is the US dollar, so buying USDC involves no exchange rate, only whatever spread the seller charges. On Binance P2P, sellers of digital dollars who accept Ecuadorian banks were using Banco Pichincha, Produbanco, Banco Guayaquil, Banco del Pacífico, Banco Bolivariano and the Deuna wallet in October 2026. OKX is the other common route.
What the central bank has said about crypto
On 12 August 2024 the Banco Central del Ecuador (BCE) restated that crypto assets are neither legal tender nor an authorised means of payment, and that using them to pay for things is prohibited under the Monetary and Financial Code. Ten days later its general manager, Guillermo Avellán, clarified that the bank has not banned investing in crypto, since that is outside its powers, and called for a law to regulate such investment. That law does not exist yet.
The SRI regime for sports betting operators
Since 1 July 2024, sports betting operators must register with the tax authority (SRI) and pay a flat 15% income tax. According to the SRI, players' winnings are also taxed at 15%, with the operator doing the withholding. If you trade on Polymarket, how to report any gains is a question for your accountant.
On the sports side, Polymarket runs markets on the LigaPro champion and on which country will stage the next Copa América, in 2028.
Frequently asked questions
Does Polymarket work in Ecuador?
Yes. Ecuador is not on Polymarket's restriction list and has no known local block at the time of this review.
Is Polymarket legal in Ecuador?
There is no ban on users. Ecuador’s central bank forbids paying with crypto assets, but in August 2024 it said investing in them is outside its remit, and no law regulating that investment exists yet. Ask an accountant how to report any winnings.
How do I deposit from Ecuador?
With USD on Binance or OKX, then over the Polygon network. The local route is explained above.
Sources
Reviewed on October 25, 2026.
Guides to get started
- Deposits and withdrawalsPolymarket limit orders: how to trade with 0% fees as a makerOn Polymarket only takers pay fees. A limit order that rests in the book makes you a maker, and makers pay nothing. When it pays off and how much you save.Oct 25, 2026
- Legal and taxesPolymarket taxes explained: what to track before you filePolymarket withholds no tax, but your profits are usually taxable income. How to keep records, convert to local currency and why you need a local accountant.Oct 25, 2026
- Getting startedWhat Polymarket is and how it works, without the hypePolymarket is a prediction market: you trade Yes/No contracts on real events and the price is the probability. How it works, the risks and where it works.Oct 25, 2026
