In this article, we are going to discuss some of the main crypto exchanges used by residents in Sri Lanka. Selecting an appropriate platform is crucial for safe and effective trading for any individual whether they are a novice or an advanced trader.
From well-established global leaders to rich-featured market entrants, we will analyze the most unique offerings of each exchange and assist you in choosing the most appropriate option for you.
How To Choose The Best Crypto Exchanges In Sri Lanka
Local Payment Support: Look for the exchanges that allow the deposit of Sri Lankan Rupee (LKR) using bank transfers, credit and debit cards, or P2P payment systems.
Security & Regulation
Look for exchanges that do 2FA, hold funds in cold storage, and have a proof of reserve. All exchanges must be compliant with the international standards and anti-money laundering (AML) policies.
Low Trading Fees
Look at all spot and futures trading fees that are available. Profits are kept when fees are lower. Bybit and KuCoin have competitive rates of approximately 0.1%.
Variety of Coins & Trading Pairs
In order to diversify a portfolio, it is best to have a wide range of different cryptocurrencies. Gate.io and KuCoin have over 900 coins, which is perfect for those into altcoins.
Trading Tools & Features
Features like copy trading, trading bots, staking, and futures should be offered. For a strong reputation in copy trading and bot integration, Bitget and OKX can be recommended.
Key Points & Best Crypto Exchanges In Sri Lanka List
| Exchange | Key Features |
|---|---|
| OKX | P2P trading with zero fees, supports LKR deposits, access to DeFi & Web3 products |
| Kraken | Regulated in multiple jurisdictions, known for security |
| LBank | Supports over 1,000 spot pairs, 600+ derivatives pairs |
| Binance | Wide range of cryptocurrencies, advanced trading features |
| KuCoin | Over 700 cryptocurrencies, competitive staking rewards |
| Gate.io | Supports over 3,500 cryptocurrencies, offers staking and lending |
| Deepcoin | Specializes in derivatives trading, offers leverage |
| Bitget | User-friendly interface, supports P2P trading |
| BitMart | Wide range of altcoins, user-friendly interface |
| Phemex | Offers zero-fee spot trading, supports staking |
10 Best Crypto Exchanges In Sri Lanka
1.OKX
Beginning as Okcoin in 2013 before rebranding as OKX in 2017, OKX is a prominent cryptocurrency exchange based in San Jose, California which services users in Sri Lanka as well as in more than 160 other countries.
The exchange offers direct support for several languages, like Sinhala and Tamil, and provides over 50 payment methods, including bank transfers and P2P trading. OKX is one of the leading exchanges as it provides a very low trading fee of 0.08% for makers and 0.10% for takers on spot trades.
The trading platform with its 24/7 email and live chat support for the users also has a low trading fee which further adds to its attractiveness as a trading platform.
OKX has a trading platform for computers as well as a mobile application for Windows, Android, and iOS users, which allows trading even on the go. The company has over 7800 supported assets, including Bitcoin, Ethereum, and Tether.
| Feature | Details |
|---|---|
| Supported Coins | 350+ cryptocurrencies |
| Trading Types | Spot, Margin, Futures, Options, Copy Trading |
| Payment Methods | Visa/Mastercard, SEPA, SWIFT, Apple Pay, PayPal |
| Unique Offerings | Web3 Wallet, NFT Marketplace, Staking, Launchpool |
| Fees | Spot: 0.08% Maker / 0.1% Taker; Futures: 0.01% Maker / 0.05% Taker |
| Security | Proof of Reserves, Multi-layer security |
2.Kraken
Founded in 2011, Kraken is a US based cryptocurrency exchange company owned by Jesse Powell with a reputation for outstanding performance in maintaining customer information security while also compliance with regulations.
Kraken has over 290 cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Users in Sri Lanka may deposit and withdraw funds using bank accounts, credit and debit cards, and P2P trading systems. Kraken trading fees were low and very competitive, for spot trades 0.16% for makers and 0.26% for takers.
There is 24/7 customer service support via email and live chat. James Kraken works with over 190 countries, like Sri Lanka, and with clients in various languages. Kraken also has mobile applications for fast and easy trading on the go for Android, iOS, and Windows devices.
| Feature | Details |
|---|---|
| Supported Coins | 475+ cryptocurrencies |
| Trading Types | Spot, Margin, Futures, OTC, Tokenized Stocks |
| Payment Methods | Credit/Debit Cards, Bank Transfers |
| Unique Offerings | Auto-Invest, Institutional-grade tools |
| Fees | Spot: ~0.16%; varies by volume |
| Security | Cryptographic Proof of Reserves, High regulatory compliance |
3.LBank
LBank is an international crypto exchange that offers over 700 cryptocurrencies, as well as trading pairs and derivatives, and various payment options like Visa and Mastercard. Additionally, LBank provides its users with mobile apps on Android, iOS, and Windows.
Established in 2015 by Allen Wei, LBlockChain Co. Limited, the company is currently based in the British Virgin Islands. Unlike its competitors, LBank’s flexible trading fees are 0.1%, and are even lower for futures trading, and 0.1% for other trading types.
With the lowest trading fees in the industry, invest hot favorites like Bitcoin, Ethereum, and Tether on an intuitive platform used in over 210 countries, including Sri Lanka. LBank also provides its users with 24/7 multilingual customer support.
| Feature | Details |
|---|---|
| Supported Coins | 800+ cryptocurrencies |
| Trading Types | Spot, Margin, Futures |
| Payment Methods | Crypto deposits, P2P marketplace |
| Unique Offerings | Launchpad, Staking, Airdrops |
| Fees | Spot: ~0.1% |
| Security | Cold wallet storage, 2FA |
4.Binance
Binance was started in July 2017 by Changpeng Zhao (CZ) and Yi He and has since grown in prominence, becoming as the largest exchange for cryptocurrency in the world by trading volume. The exchange allows trading 500 cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) as well as the exchange’s own Binance Coin (BNB).
Users are also allowed to deposit and withdraw funds via bank accounts, credit/debit cards, and even P2P trading. Binance has very competitive trading fees, charging 0.1% for both makers and takers.
Binance has a customer support which offers 24/7 service through emails and chats with maintaing competitive latency. Binance works in more than 180 countries and offers support in numerous languages which include Sri Lanka. The exchange has mobile apps for Android, iOS, and Windows, which allows for trading without any inconvenience.
| Feature | Details |
|---|---|
| Supported Coins | 500+ cryptocurrencies |
| Trading Types | Spot, Margin, Futures, Options, Copy Trading |
| Payment Methods | Bank Transfer, Cards, P2P |
| Unique Offerings | Launchpad, Staking, Earn, Trading Bots |
| Fees | Spot: 0.1%; Futures: 0.02%–0.04% |
| Security | 2FA, Multi-signature wallets, SAFU fund |
5.KuCoin
Along with other co-founders, Chun Gan has been leading the KuCoin exchange, which is based in Seychelles, since its inception in May of 2017. As of today, KuCoin has over 40 million clients across 200 countries, Sri Lanka included.
There are over 700 supported cryptocurrencies including KuCoin Token (KCS) and Bitcoin (BTC) and Ethereum (ETH) . Users can subscribe and withdraw funds through bank transfer, credit/debt cards and P2P trading.
KuCoin has trading fees, which are quite beneficial to the user as they are struck at 0.1% for both makers and takers on spot trades, and there are discounts for Users KuCoin Token (KCS). To aid clients, the company has provided customer support which can be accessed through email and a chat bot 24/7.
The company has a global reach, operating in more than 200 countries, including Sri Lanka, and supports several languages. Users of mobile Android, as well as iOS and Windows, can download the KuCoin mobile app and trade remotely.
| Feature | Details |
|---|---|
| Supported Coins | 900+ cryptocurrencies |
| Trading Types | Spot, Futures, Margin |
| Payment Methods | P2P marketplace |
| Unique Offerings | KuCoin Earn, Lending, GemSPACE |
| Fees | Spot: 0.1%; Futures: 0.02%–0.06% |
| Security | Micro-withdrawal wallets, Risk control protocols |
6.Gate.io
Dr. Lin Han founded Gate.io in April 2013. It is one of the biggest cryptocurrency exchanges in the world. It is located in the Cayman Islands. It was launched as a website in addition to Bter.com in China in 2013 and Gate.io in 2017. It was done to reach more users around the globe.
Over 3500 types of cryptocurrency is supported as well as the more popular ones like Bitcoin, Ethereum, and Tether. Users in Sri Lanka and many other countries can withdraw and deposit money using bank transfers, credit and debit cards, and P2P trading and transfers.
It is fee efficient because it charges 0.2% to both the taker and the maker of the trade in addition to many other ways Gate Token discounts. The customer support is great because they have help available 24/7 through email and chat .
They operate in more than 130 countries, like Sri Lanka, and provide support in different languages. They have mobile apps for Windows, iOS, and Android to help with trading from anywhere.
| Feature | Details |
|---|---|
| Supported Coins | 2,300+ cryptocurrencies |
| Trading Types | Spot, Futures, Margin, Options |
| Payment Methods | Visa/Mastercard, Apple Pay, Google Pay |
| Unique Offerings | Crypto ATM card, Tokenized Stocks, Copy Trading |
| Fees | Spot: 0.1%; Futures: 0.02% |
| Security | Cold storage, Multi-signature wallets |
7.Deepcoin
Deepcoin is a cryptocurrency exchange that specializes in spot and derivative trading. Founded in November 2018 by Eagle Huang, it is based in Singapore. With over 150 supported cryptocurrencies that include Bitcoin, Ethereum, and Litecoin, it provides perpetual contracts and spot trading.
Payments and withdrawals can be done through credit/debit cards and bank transfer, also making use of other deposit methods. Deepcoin has spot trade fees of 0.10% and contract trade fees of 0.04% for makers and 0.06% for takers.
Customer support is in multiple languages, available 24/7, and covers most regions. Deepcoin also works in Sri Lanka and other countries, covering 180 in total. It has mobile applications available for download on Android, iOS, and Windows devices.
| Feature | Details |
|---|---|
| Supported Coins | 100+ cryptocurrencies |
| Trading Types | Spot, Futures |
| Payment Methods | Crypto deposits, P2P |
| Unique Offerings | Copy Trading, Trading Bots |
| Fees | Competitive tiered fee structure |
| Security | Multi-layered security, KYC required |
8.Bitget
Bitget is a cryptocurrency exchange that is based in the Seychelles and has been in existence since 2018, Gracy Chen is the one who founded it. It is known for its advanced trading features, as well as its global reach.
The trading platform has more than 800 supported cryptocurrencies and offers more than 1,000 spot and derivatives trading pairs. Users in Sri Lanka can buy and sell Bitget and deposit and withdraw funds through bank wires, P2P trading and credit and debit cards.
The platform has affordable trading fee structures and charges 0.1% for spot trade makers and takers, 0.02% for makers, and 0.06% for takers on futures trades. They also provide 24/7 customer support via email and live chat.
Bitget is available in more than 200 countries and is multilingual, including Sri Lanka. It also has Bitget apps for mobile, windows, android and iOS, so that users can trade conveniently from anywhere.
| Feature | Details |
|---|---|
| Supported Coins | 250+ cryptocurrencies |
| Trading Types | Spot, Futures, Copy Trading |
| Payment Methods | Bank Transfer, Cards, P2P |
| Unique Offerings | Copy Trading, Launchpad, Earn |
| Fees | Spot: 0.1%; Futures: 0.02% |
| Security | Fund protection, Insurance fund |
9.BitMart
Sheldon Xia established BitMart in the Cayman Islands and the company’s headquartered there since 2017. Over 1,500 cryptocurrencies are available on the platform, including Bitcoin (BTC), Ethereum (ETH), and the native BitMart token (BMX ).
Users from Sri Lanka can deposit and withdraw money through Bank Transfers, Credit/Debit cards, and P2P trading. Competitive trading fees of 0.25% on both spot trade makers and takers, and further discounts when using BMX are available.
Users receive assistance by email and through live chat, which is available 24/7. BitMart supports multiple languages and operates in more than 180 countries, including Sri Lanka. Mobile apps are available for seamless trading on the move for Android, iOS, and Windows devices.
| Feature | Details |
|---|---|
| Supported Coins | 1,000+ cryptocurrencies |
| Trading Types | Spot, Futures |
| Payment Methods | Credit/Debit Cards, Bank Transfer |
| Unique Offerings | Staking, Lending, NFT Marketplace |
| Fees | Spot: ~0.25%; varies by tier |
| Security | Cold wallet storage, 2FA |
10.Phemex
Cryptocurrency exchange Phemex, which was founded in 2019 and is based in Singapore, provides a powerful trading platform designed for users in Sri Lanka and was set up by former executives from Morgan Stanley.
With more than 580 altcoins available for trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE), it is one of the few trading platforms that provides such a wide variety of trading pairs. Users can deposit and withdraw funds in a variety of ways which include credit cards, bank transfers, and P2P (peer to peer) trading.
For trading Phemex has very low fees which are 0.10% for both makers and takers on spot trades and even lower fees available if users pay with the native Phemex token (Phemex), on selected pairs.
Access is available 24/7 via live chat or email for customer service and support. Phemex is available in Sri Lanka and operates in more than 200 countries while providing its services in a variety of languages. Users can trade on the platform via mobile applications designed for android, iOS, and Windows devices.
| Feature | Details |
|---|---|
| Supported Coins | 150+ cryptocurrencies |
| Trading Types | Spot, Futures |
| Payment Methods | Bank Transfer, Cards, Crypto Deposits |
| Unique Offerings | Zero-fee spot trading (premium), Earn |
| Fees | Spot: 0%; Futures: 0.01%–0.06% |
| Security | Hierarchical Deterministic Cold Wallet System |
Conclsuion
In summary, Crypto investors in Sri Lanka can link up with the international exchanges such as Binance, OKX, KuCoin, and Kraken which provide security, a wide range of coins, and low-fees.
Which one trader chooses from the list largely depends on the desired outcome, whether low-fee trades, copy-trades, or low weak market alt-coin trades. Always check for security, ease of withdrawal and payment in local currency, and ease of use in finding a satisfying Cryptocurrencies exchange.
FAQ
The best crypto exchange depends on your trading needs. Popular choices include Binance, OKX, Kraken, KuCoin, Gate.io, LBank, Deepcoin, Bitget, BitMart, and Phemex, all offering strong security, multiple cryptocurrencies, competitive fees, and mobile apps.
Crypto is not officially regulated in Sri Lanka, but trading is allowed. Users should choose exchanges with strong security and international compliance for safety.
Yes, exchanges like Binance, OKX, and Kraken are beginner-friendly with simple interfaces, tutorials, and 24/7 customer support.
