Crypto Online Casinos in Sri Lanka

Crypto Online Casinos in Sri Lanka

Crypto Online Casinos in Sri Lanka

The current legal framework in Sri Lanka does not make provisions for online gambling, meaning it is neither legal nor prohibited. Hence, crypto online casinos have become a popular choice for locals as it allows them to reach overwise unavailable international top brands.

And unlike regular land-based casinos, the lack of control means no tax, and players can stay away from the watchful eyes of the authorities. These brands offer games from major providers, betting options with up to 98% odds and bonuses of up to 5 BTC. So, if you are interested in finding the best crypto online casinos in Sri Lanka, this review will point you in the right direction.

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List of the Best Sri Lanka Crypto Casinos

Choosing the Best Crypto betting sites can be difficult, considering that there are so many options. To make the decision, one must consider key features like the variety of slots, welcome offer, promotions, supported cryptocurrencies, the site’s overall reputation, and many more. Below are some of the top sites that fit into these categories based on our expert opinion:

Casino
Rating
Min Deposit
Rollover
Bonus Code
% Percentage
Amount
#1
Vave Bonus
4.4/5
star star star star star
Cashback
$20
B x 40
NO CODE
100% Bonus Up To1 BTC
#2
Coins.Game Bonus
4.2/5
star star star star star
Deposit Bonus
$10
N/A
NO CODE
180% Bonus Up To$20,000
#3
BetPanda Bonus
4.3/5
star star star star star
Deposit Bonus
$10
x80
NO CODE
100% Bonus Up To1 BTC
#4
Duelbits Bonus
4.2/5
star star star star star
Rakeback
$10
special-rules
Special Rules
Exclusive Offer
NO CODE
Bonus Up To10% Rakeback +500FS
#5
Coinplay Bonus
4.2/5
star star star star star
Deposit Bonus
20 USDT
x40
NO CODE
100% Bonus Up To5,000 USDT
#6
Jackbit Bonus
4.1/5
star star star star star
Deposit Bonus
€50
x1
WELCOME
copy-icon
Bonus Up To100 FS
#7
22bet Bonus
4.2/5
star star star star star
Deposit Bonus
€1
B x 50
Exclusive Offer
CRYPTOTV
copy-icon
100% Bonus Up To€300
#8
Stake Bonus
4.4/5
star star star star star
Rakeback
$1
special-rules
Special Rules
Exclusive Offer
CRYPTOTV
copy-icon
Bonus Up To10% Rakeback
#9
Gamdom Bonus
4.0/5
star star star star star
Rakeback
$1
special-rules
Special Rules
NO CODE
Bonus Up To15% Rakeback
#10
Sportsbet.io Bonus
4.1/5
star star star star star
Daily Rewards
$1
special-rules
Special Rules
NO CODE
Bonus Up ToDaily Rewards
#11
BC.Game Bonus
4.3/5
star star star star star
Deposit Bonus
$30
special-rules
Special Rules
Exclusive Offer
NO CODE
120% Bonus Up To$20,000
#12
1xbet Bonus
4.2/5
star star star star star
Deposit Bonus
$10
x35
NO CODE
100% Bonus Up To$1,500
#13
Kineko Bonus
4.1/5
star star star star star
Deposit Bonus
$20
B x 35
NO CODE
100% Bonus Up To$100 + 200FS
#14
20Bet Bonus
4.3/5
star star star star star
Deposit Bonus
$/€20
B x 40
NO CODE
100% Bonus Up To$/€120
#15
Rocketpot Bonus
4.0/5
star star star star star
Deposit Bonus
$25
x35
NO CODE
100% Bonus Up To$5,000
#16
Mystake Bonus
4.2/5
star star star star star
Deposit Bonus
$20
x30
NO CODE
170% Bonus Up To$1,000
#17
Goldenbet Bonus
4.1/5
star star star star star
Deposit Bonus
$20
x35 in Slots
NO CODE
100% Bonus Up To$500
#18
FortuneJack Bonus
4.0/5
star star star star star
Deposit Bonus
BTC 0.001
Bonus x30
NO CODE
110% Bonus Up ToBTC 1.5
Bookmaker
Rating
Min odds
Min Deposit
Rollover
Bonus Code
% Percentage
Amount
#1
Vave Bonus
4.4/5
star star star star star
Cashback
2.00
$20
B X 5 (Doubles)
NO CODE
100% Bonus Up To1 BTC
#2
Coins.Game Bonus
4.2/5
star star star star star
Deposit Bonus
N/A
$10
N/A
NO CODE
180% Bonus Up To$20,000
#3
BetPanda Bonus
4.3/5
star star star star star
Deposit Bonus
-
$10
x80
NO CODE
100% Bonus Up To1 BTC
#4
Duelbits Bonus
4.2/5
star star star star star
Freebet
1.50
$10
B X 5
NO CODE
100% Bonus Up To$100
#5
Coinplay Bonus
4.2/5
star star star star star
Deposit Bonus
1.60
20 USDT
x40
NO CODE
100% Bonus Up To5,000 USDT
#6
Jackbit Bonus
4.1/5
star star star star star
Freebet
1.30/selection (trebles)
€20
special-rules
Special Rules
NO CODE
100% Bonus Up To€100
#7
22bet Bonus
4.2/5
star star star star star
Deposit Bonus
1.40/selection (Trebles)
€1
Β x 5
Exclusive Offer
NO CODE
100% Bonus Up To€122
#8
Stake Bonus
4.4/5
star star star star star
Rakeback
-
$1
special-rules
Special Rules
Exclusive Offer
NO CODE
Bonus Up To10% Rakeback
#9
Gamdom Bonus
4.0/5
star star star star star
Rakeback
$1
special-rules
Special Rules
NO CODE
Bonus Up To15% Rakeback
#10
Sportsbet.io Bonus
4.1/5
star star star star star
Daily Rewards
-
$1
special-rules
Special Rules
-
copy-icon
Bonus Up ToDaily Odds Boost
#11
BC.Game Bonus
4.3/5
star star star star star
Deposit Bonus
-
$30
special-rules
Special Rules
Exclusive Offer
NO CODE
120% Bonus Up To$20,000
#12
1xbet Bonus
4.2/5
star star star star star
Deposit Bonus
1.4
$1
x5
-
copy-icon
100% Bonus Up To$100
#13
Kineko Bonus
4.1/5
star star star star star
Deposit Bonus
1.50
$20
D x 10
NO CODE
100% Bonus Up To$150
#14
20Bet Bonus
4.3/5
star star star star star
Deposit Bonus
2.00 Combined (ACCAs)
$/€10
B x 5
NO CODE
100% Bonus Up To$/€100
#15
Rocketpot Bonus
4.0/5
star star star star star
Deposit Bonus
-
$25
x35
-
copy-icon
100% Bonus Up To$5,000
#16
Mystake Bonus
4.2/5
star star star star star
Deposit Bonus
1.40/selection
$20
x10 in Doubles
NO CODE
100% Bonus Up To$500
#17
Goldenbet Bonus
4.1/5
star star star star star
Deposit Bonus
1.4/selection
$20
x10 in Trebles
NO CODE
100% Bonus Up To$500
#18
FortuneJack Bonus
4.0/5
star star star star star
Cashback
N/A
BTC 0.001
N/A
-
copy-icon
20% Bonus Up To20% Cashback
crypto-icon

Legit Crypto Online Betting in Sri Lanka

For obvious reasons, online betting in Sri Lanka is a very popular activity, mainly because it is not regulated. As such, many foreign bookmakers accept players from the country. While this is good, it has some risks in that many sites may harm players. Even more, it is difficult to differentiate these sites unless you have the experience.

To be safe, it is best to use legit crypto online betting sites with an existing reputation regarding quality service delivery. Some operators also provide certain sports that Sri Lankans love, like cricket and volleyball. Check out our top legit crypto sites in Sri Lanka to make it easy.

Bookmaker
Rating
Crypto Coins
Highlights
% Percentage
Amount
#1
Vave
4.4/5
star star star star star
Cashback
Bitcoin logo
Ethereum logo
USDT logo
check-icon
Over 8 Coins
check-icon
Up To 96%+ Odds
check-icon
Over 1,000 Daily Live Events
check-icon
4+ Fiat To Crypto Gateways
100% Bonus Up To1 BTC
#2
Coins.Game
4.2/5
star star star star star
Deposit Bonus
Bitcoin logo
Ethereum logo
USDT logo
check-icon
15+ Popular Cryptos
check-icon
97% Odds In Top Leagues
check-icon
No KYC Required
check-icon
Easy Signup
180% Bonus Up To$20,000
#3
BetPanda
4.3/5
star star star star star
Deposit Bonus
Bitcoin logo
Ethereum logo
USDT logo
check-icon
Over 10 Coins
check-icon
Livestreaming
check-icon
40,000+ Monthly Pre-game Events
check-icon
Bitcoin Lightning Accepted
100% Bonus Up To1 BTC
The most popular sports in Sri Lanka

In Sri Lanka, the most popular sports are cricket and volleyball. Although volleyball is considered the country's national sport, cricket remains the top choice for Sri Lankans and a must-have in any betting site targeting residents. Some of the top local competitions include the Sri Lanka Premier League, Inter-Provincial Twenty20, Crickets League in Sri Lanka, Battle of the Babes, Sri Lanka Women's Division One Tournament, and many more.

Likewise, for volleyball, there are many local and international competitions. The betting market covers options like correct score, handicap, set betting, total points, and match bets. Although Sri Lankans also fancy other sports like Rugby, football, netball, and auto racing, cricket and volleyball remain the top priority in selecting the best crypto betting sites in Sri Lanka.

Vave Logo
Casino
Vave
4.4/5
star star star star star
YEAR EST
2022
check-icon
Over 8 Coins
check-icon
70+ Providers
check-icon
Over 700 Bonus Buy Games
check-icon
4+ Fiat to Crypto Gateways
Pragmatic Play Pragmatic Play
No Limit City No Limit City
NetEnt NetEnt
100% Bonus Up To 1 BTC
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Depositing at Sri Lankan Crypto Online Casinos

Funding your account on a crypto online casino is easy. However, you must have a crypto wallet from where the funds will be transferred to the betting site. While there are hundreds of crypto payment platforms, Sri Lankans prefer Binance, Kraken, Crypto.com, Gate.io, Huobi Global, and Okcoin.

Whichever one you choose, you must have an account in any of the currency options. Funding can be via P2P trading or directly from your bank account, although a third-party exchange is preferred. Afterwards, select "DEPOSIT" from the casino's cashier section and fund it from your wallet. The transactions are instant, safe, and cheap. Also, because these payments are anonymous, you are not obligated to pay any tax on your winnings, another benefit that makes these crypto-betting sites a top choice for Sri Lankans.

Crypto Online Casinos in Sri Lanka
Crypto Online Casinos in Sri Lanka
1
Start an account at a crypto exchange. Fund it via debit card, bank transfer or any other local option. Acquire the cryptocurrency that you are going to use as a gambling bankroll.
2
If you are not in a hurry, limit orders hold fewer fees than market orders. Sometimes, it is better to acquire the proprietary coin of the exchange first, as trading pairs with them cost less.
3
Transfer the cryptocurrency amount to your private wallet. Never make direct transactions between crypto exchanges & crypto gambling sites. Crypto exchanges may freeze such accounts.
4
Head over to the gambling site’s cashier section. Click on the relevant crypto method. The wallet’s address will appear. Copy the address and paste it into your wallet’s send function. QR code scans are commonly available too.
5
If a brand does not support crypto-only wallets, watch out for the exchange rate. Any spread above 1% of the current market rate is too much.
6
After a few seconds or minutes, your deposit will settle. This depends on the cryptocurrency and the number of block confirmations required by the operator.

Do I have to pay tax on crypto winnings in Sri Lanka?

As we already mentioned, the crypto regulations in Sri Lanka are not crystal clear. While the country's apex bank refutes the use of cryptocurrency, stating that it is not a legal tender, ongoing efforts exist to understand better how best to regulate its usage. Indeed, the authorities are aware that despite the pronouncement, many businesses, including online casino operators, accept Bitcoin and other cryptocurrencies.

Generally, the tax rate applicable to income earned as stipulated by the Inland Revenue Department ranges from 4% to 24%, depending on the total amount. In line with compliance directives, individuals are expected to report their earnings to the authorities for tax returns, irrespective of the source. Currently, it is challenging to track crypto transactions, and there are no priorities for monitoring and punishing offenders. However, it is best not to fund or withdraw your winnings directly to your bank account to avoid raising suspicion. Instead, use third-party exchangers to keep your transactions under the radar.

How Is Crypto Gambling Seen in South Asia?

Sri Lanka enjoys a relatively favourable situation in the realm of cryptocurrencies, but the same cannot be said for its neighbouring countries. A hostile regulation for gambling and digital assets has brought Indian crypto gambling sites to the spotlight, thanks to their less restricted nature.

Conversely, crypto gambling sites in Bangladesh have emerged to cater to a previously untapped market, providing locals with a secure and rich platform to partake in their preferred games.

Our Final Verdict on Crypto Gambling in Sri Lanka
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Our Final Verdict on Crypto Gambling in Sri Lanka

Crypto gambling in Sri Lanka, just like in most countries, offers many benefits to residents. They get to enjoy access to local competitions in cricket and volleyball and other international matches, which are unavailable in offline casinos. More importantly, these sites allow players to enjoy fast, secure, borderless transactions across different platforms. While online gambling in the country is unregulated, bitcoin casinos offer more than just access like most offshore bookmakers. They provide a shield wherein players can stay under the radar with their transactions.

Certainly, these sites offer numerous benefits, as we have discussed. However, a crucial aspect is selecting a reputable operator so you do not get scammed. With multiple betting sites being released, this can be a monumental task. We recommend you do a thorough background check and use only top sites like our recommended ones.

FAQs

Yes, gambling is legal in Sri Lanka under the provisions of the Casino Business Act of 2010. However, the regulation only covers land-based casinos without mentioning online sites. Hence, it is neither illegal nor prohibited.

According to the Central Bank of Sri Lanka (CBSL), cryptocurrencies and any form of trading involving its usage are illegal in the country. The apex bank warns against using the currency, stating it is not legal tender. However, many businesses accept cryptocurrencies, including online betting sites.

Most Bitcoin casinos offer both casinos and sports betting in one place. The coverage is usually massive, featuring thousands of games from top providers. Likewise, for sports betting, you will find local games like cricket and volleyball and many other popular sports.

Because thousands of betting sites are available to players, making the right choice is crucial to your gambling experience. You can start by reviewing the site's features like license, reputation, payment options, and security. The easiest way is to select an option from our recommended sites.

First, you must have a wallet on platforms like Binance, Kraken, Crypto.com, Gate.io, Huobi Global, and Okcoin. Top up your wallet using P2P purchases and from there, proceed to the casino's cashier section and add the funds to your account.

Cryptogambling.tv is the first site to fully empower crypto iGaming brands. Decentralized digital currencies are the answer to the restrictions that gamblers face worldwide. Your funds, your rules. At the same time, we accept no compromises, and promote only legitimate websites. Trust our expertise, become an avid crypto gambler and maximize your bankroll’s value.
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