How to Buy Bitcoin and Crypto in
Sri Lanka
What we Found
Now buying, selling, and trading Bitcoin and Cryptocurrency is easier than ever.
Bitcoin and other cryptocurrencies are gaining popularity in Sri Lanka, and there are several exchanges where individuals can buy and trade cryptocurrencies. Here’s a brief guide on how to buy Bitcoin and crypto in Sri Lanka:
Choose a cryptocurrency exchange: There are several exchanges operating in Sri Lanka, such as Binance, BitMax, and Remitano. Research and compare the fees, features, and security measures offered by each exchange before choosing one.
Create an account: Once you’ve chosen an exchange, sign up for an account by providing your personal information and completing the necessary verification steps. This usually involves uploading identification documents and verifying your identity.
Fund your account: You can fund your account by depositing Sri Lankan rupees through bank transfer or credit card. Each exchange may have different deposit options, so make sure to check the available methods and fees.
Buy Bitcoin or other cryptocurrencies: After funding your account, you can now buy Bitcoin or other cryptocurrencies on the exchange. Select the cryptocurrency you want to buy, enter the amount, and confirm the transaction. The purchased cryptocurrency will be credited to your exchange wallet.
Withdraw your cryptocurrency: You can withdraw your cryptocurrency to an external wallet or another exchange by following the withdrawal process on the exchange. Note that some exchanges may have withdrawal limits and fees.
When trading Bitcoin and other cryptocurrencies, it’s important to do your own research, understand the risks involved, and keep your private keys and passwords safe. It’s also advisable to use a hardware wallet or cold storage to store your cryptocurrencies securely.
Furthermore, cryptocurrency trading and investing is not currently regulated in Sri Lanka, so it is important to stay updated with the latest regulations and comply with them.
In summary, buying and trading cryptocurrency in Sri Lanka is relatively straightforward, but it’s important to choose a reputable exchange, follow the necessary security measures, and stay informed about the latest developments in the market.
Most popular crypto exchanges
Buy Bitcoin and Crypto through Coinbase
- Coinbase is a convenient and cheap way to buy Ethereum and the platform is open to 200+ countries). Coinbase will sell you CRO for a variable fee that depends on your payment method (credit cards have a higher fee than wire transfers), order size and market volatility. Here’s how you buy Ethereum on Coinbase: Open a Coinbase account Add your payment method (Credit card or bank account) Go to “Buy/Sell” and select the amount of Ethereum you desire Click “Buy Cronos”
Buy Bitcoin and Crypto through Crypto.com
- Crypto.com is a cryptocurrency exchange company based in Singapore. As of May 2022, the company reportedly had 50 million customers and 4,000 employees. The exchange issues a token, Cronos.The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as “Monaco”. In 2018, the company was renamed as
Buy Bitcoin and Crypto through MEXC
- Founded in 2018, MEXC Global is known as the exchange of high performance and mega transaction matching technology. The team at MEXC Global are some of the first movers and pioneers of financial and blockchain technology. Currently, MEXC Global caters to 10 M+ users in more than 170 countries around the world and we have just started.
Buy Bitcoin and Crypto through Kucoin
- Kucoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 8 million registered users from 700+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique ranking is in the top 5 globally. Known as the “People’s Exchange”, KuCoin operates in Seychelles, providing users with multi-language and 24/7 customer service. Meanwhile, KuCoin has established local communities all over the world in South Korea, Japan, Spain, Italy, Vietnam, Turkey, Russia, India, and other regions, providing users with the most local services. Currently, 1 out of every 4 crypto holders in the world is with KuCoin.
Buy Bitcoin and Crypto through BolsaDX
- BolsaDX es un cripto exchange, creado en 2020 por un grupo de empresarios filántropos, con el respaldo de binance. Y nuestra misión es llevar conocimiento y crecimiento económico a México y el resto de América Latina.