El Dorado
USDT P2P marketplace that became Venezuela's parallel dollar bank, expanding across the Andean region.
LatAm USDT P2P ramps (VE/CO/BR/AR/PE).
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from El Dorado’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | — |
| Founded | 2022 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| Card | No card |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Latin America |
| Founders | Guillermo Goncalvez |
Verified links: official site ↗
Common questions about El Dorado
What is El Dorado?
El Dorado is a self-custodial, on-chain-first neobank, founded in 2022. You hold the keys: El Dorado never takes custody of your funds. It is software rather than a licensed institution.
Does El Dorado have a card, and where can you use it?
It issues no card of its own. It is available in Latin America.
Does El Dorado require KYC?
Yes. El Dorado requires identity verification (KYC) to open an account, as a self-custodial software.
Peers
Phantom · Zengo · MiniPay · MetaMask · Solflare · Rainbow
El Dorado appears in
Neobanks that never hold your money (53) · Neobanks available in Latin America (113) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.