CeyFi Pills: How Referral Rewards Work in Sri Lanka

TL;DR

CeyFi Pills are the reward points in CeyFi, a Sri Lankan app for selling USDT and paying bills. The app stores points and shows one Pill for every 10,000 points. You earn them for signing up, verifying your identity and making payments, and you earn more when friends you invite do the same. In the app's code, a referral counts only on an account under 48 hours old that has not started identity checks. CeyFi has not published what a Pill is worth, how many you get, or how to redeem them. Do not sign up only for Pills.

Disclosure: CeyFi links in this article use my referral code. If you sign up through one, we both earn Pills, CeyFi's reward points. uvin.lk, my Bitcoin education site, uses CeyPay's merchant gateway.

What are CeyFi Pills?

Pills are reward points inside CeyFi, the Sri Lankan app that sells USDT for rupees and pays bills. The CeyPay team launched CeyFi on 2 November 2026. For the full picture, read CeyFi explained.

The app counts your points in small units. It displays one Pill for every 10,000 points. That is how the app's code shows it. Your balance may read "1 Pill" or "3 Pills".

That is all that is public. I found no page that says what a Pill is worth in rupees or USDT. I found no expiry date, no list of prizes and no way to cash them in. The CeyPay launch post does not mention Pills. The terms page, last updated 20 May 2026 and written for CeyPay's merchant payments, does not mention rewards or points either (CeyPay terms↗).

So I attach no value to Pills in this article. Treat them as points with an unknown use.

How do you earn Pills?

The app lists these ways to earn. The labels are the app's own words.

• Signed up. You create an account.
• Verified identity. You finish the KYC check. KYC means "know your customer": a photo of your NIC or passport and a selfie.
• Payment. You make a payment.
• Welcome bonus. The app lists it as a reward type. It is what an invited friend gets when they finish identity checks.

You also earn when people you invite act:

• Friend signed up.
• Friend verified.
• Friend's first payment.
• Friend's payment, on later payments.

The rules in the app are templates. They read like this:

• "A friend signs up with your link: you both get [X] each."
• "They verify their identity: you get [X], and they get [Y]."
• "They make their first payment: you get [X]."

The "they get [Y]" part is the "Welcome bonus" in the list above. It is what your friend earns for finishing identity checks.

The [X] and [Y] are filled in by CeyFi's server. The amounts show only after you sign in. I did not read them, so I cannot give you a number.

The app can also give you a share of what your invitees earn. One version reads: "Every time they pay, you get [a percentage] of the Pills they earn." The other works by amount: a Pill for every set amount of rupees they pay. Which version runs depends on CeyFi's settings.

How does the CeyFi referral work?

Your referral code is your @username. The link looks like this: finance.ceypay.io/?refer=username. Mine is the one in the box below.

The share text built into the app reads: "Sell USDT for rupees and pay bills with CeyFi. Sign up with my link and we both earn Pills."

When someone opens your link, the app saves your code in their browser. It keeps it until they sign up. So the person should open the link and sign up in the same browser.

Try CeyFi: sign up at finance.ceypay.io↗. This is my referral link. If you use it when you create your account, we both earn Pills, CeyFi's reward points. CeyFi has not published what a Pill is worth.

What is the 48-hour rule?

This is the part most people miss. The app applies an invite code only in one situation. All of these must be true:

1. Your account is less than 48 hours old.
2. You have not started identity verification (KYC).
3. You do not already have a referrer.
4. The code is not your own username.

If any of these fails, the app clears the code. Nothing is added.

That is how the app's code is written. The server may check more. I found no screen where you can add a code later. So treat it as one chance.

Here is the safe order:

1. Open the referral link first. Do this before you create the account.
2. Create the account in that same browser.
3. Only then start identity verification.

Say Kumari creates a CeyFi account today, starts verification, and next week finds a friend's link. The rule says her code is too late. She cannot add it. That is an example based on the rule, not a reported case.

Signed up without a link? The app's code would still accept one while your account is under 48 hours old and you have not started KYC. After that, it clears the code. It also ignores a link if you already have a referrer, so you cannot switch to a different one.

What do invite statuses mean?

If you invite friends, the app shows each one by status:

The labels I could read do not say what makes an invite "Not eligible". Do not assume it is the 48-hour rule. In the app's code, a link that fails that rule is cleared before it is redeemed.

Does a referral change your rate or fees?

I found no sign that it does. Nothing I read says a referral changes your exchange rate, your fees or your limits. The Pills are a separate reward.

CeyFi's own fee sheet lists bill payments as free. Selling fees show on each quote. The fee sheet does not mention referrals.

What are the risks?

Pills are unproven. A few points to keep in mind.

• No stated value. You could earn points that turn out to be worth little or nothing.
• No published terms. I found no Pills rules, expiry or redemption page. Without published terms, you have nothing to hold CeyFi to.
• Rewards can push you into things you do not need. Do not sign up, verify or pay just to earn points.
• Referral schemes attract scams. Only use finance.ceypay.io. Read my list of crypto scam warning signs before you share a link or follow one.

Use CeyFi if you want to sell USDT for rupees or pay bills. Skip it if you do not. Pills are a side effect, not a reason. I explain each use in how to sell USDT for LKR with CeyFi and paying bills with USDT through CeyFi.

What does the law say?

CBSL, the Central Bank, issued a notice on 29 March 2023. It said CBSL "has not authorized any [...] cryptocurrency exchanges, deposit-taking or custody services related to cryptocurrency" (CBSL↗).

CeyFi's footer says its regulatory status as a Virtual Asset Service Provider is "pending confirmation under Sri Lanka's evolving regulatory framework" (CeyFi app↗).

The CBSL Governor spoke at the Sri Lanka FinTech Festival on 3 November 2026. He said: "Under the current legal framework in Sri Lanka, digital assets, also called virtual assets, cannot be used for payments between residents" (CBSL speech↗).

I cannot tell you how Pills fit this. Read is it legal to sell USDT in Sri Lanka for the primary quotes. This is not legal advice.

Try CeyFi: sign up at finance.ceypay.io↗. This is my referral link. If you use it when you create your account, we both earn Pills, CeyFi's reward points. CeyFi has not published what a Pill is worth.

Quick answers

What is a Pill worth?

CeyFi has not said. I found no public value, expiry or redemption page. Do not assume a Pill is worth money.

Can I add a referral code after I sign up?

I found no screen for it. The app's code applies a code only to an account under 48 hours old that has not started identity checks. After that, assume it is too late.

How many Pills do I get for signing up?

The amount is set by CeyFi's server and shows only after you sign in. I did not read it.

Do both people earn Pills?

The app says so: "Sign up with my link and we both earn Pills." Exact amounts are not public.

Does the referral change my fees?

I found no sign that it does. The referral is a separate reward.

What I could not verify

• What a Pill is worth, if anything, and how to redeem it.
• How many Pills each action earns. The amounts come from a signed-in page.
• Whether the server checks more than the 48-hour and KYC rules.
• Whether Pills expire.
• Whether CeyFi will publish Pills terms.

Key Takeaways

• Pills are CeyFi's reward points. One Pill shows for every 10,000 points.
• You earn them by signing up, verifying your identity and paying. Invited friends earn them for you too.
• A referral link counts only on an account under 48 hours old that has not started KYC. Use it before you create the account.
• CeyFi has not published a value, an expiry or a way to redeem Pills.
• A referral does not change your fees or rate, as far as I can find.
• Use CeyFi for selling USDT or paying bills, not for points.

About the Author

I'm Uvin Vindula — a Web3 and AI engineer based between Sri Lanka and the UK, founder of uvin.lk↗, Sri Lanka's Bitcoin education platform, and author of The Rise of Bitcoin. I write plain-English guides so Sri Lankans can use crypto without getting burned. This is education, not financial advice. See my work at iamuvin.com or reach me at [email protected]↗.