Georgia is one of the most crypto-friendly countries in the world. The region is known for its clear crypto regulations and favorable taxation rules, making Georgia an attractive destination for crypto companies and enthusiasts. Do you want to learn how to buy crypto in Georgia?

In this beginner’s guide, we will explore the most common methods to buy crypto in Georgia and answer a key question that many new crypto investors may consider: Is buying Bitcoin legal in Georgia?

Buy Crypto & Bitcoin in Georgia: Summary

In this article, you will find a list of crypto exchanges and platforms that you can use to buy Bitcoin in Georgia. Our list contains some of the most reliable and global crypto exchanges in the world, such as Binance and ByBit. We have also added a non-custodial wallet platform called Best Wallet to the mix for those who want to conduct on-chain crypto trading on decentralised exchanges (DEX).

Later down the line, you will learn how to buy crypto in Georgia using your debit card, credit card, and PayPal account. We will also cover how to conduct P2P crypto trading and learn how to use Bitcoin ATMs in Georgia. We highly recommend our readers not to skip the section where we talk about the tax implications of crypto trading in Georgia.

Key Takeaways

  • Georgia is one of the most crypto-friendly nations in the world.
  • In 2023, the National Bank of Georgia established a mandatory registration regime for crypto exchanges operating in the country.
  • Crypto tax rates on gains for individual traders are generally set at 0% in Georgia.
  • There are 96 Bitcoin ATMs in Georgia, with most of them located in the capital city of Tbilisi (82).
  • Using a centralized exchange such as Binance, Bybit, BingX, and PrimeXBT is considered the most convenient way to buy crypto in Georgia.

How & Where to Buy Crypto in Georgia?

As a crypto investor, it is important to know the difference between centralized crypto exchanges (CEX) and decentralized exchanges (DEX). Both platforms allow users to buy and sell cryptocurrencies. The main difference between the two is the way customers’ crypto assets are custodied.

Always remember that when you hold cryptocurrencies in a CEX, you are allowing the exchange to hold your digital assets on your behalf. Meanwhile, when you use a DEX, you keep complete control of your crypto tokens because your assets are held on your self-custodial crypto wallet instead of a third-party custodian.

1. Best Wallet

Best Wallet is one such non-custodial crypto wallet that you can use to ensure that you hold complete ownership and control over your crypto assets. If you’re a beginner worried that using a crypto wallet might be too complex, don’t worry, Best Wallet is user-friendly, making it simple to set up and easy to navigate.

It stands out from its competition not just for its user experience but also for its rich features and strong security measures. The wallet supports multiple blockchain networks, allowing users to store and manage thousands of cryptocurrencies across popular networks such as Bitcoin, Ethereum, Polygon, and BNB Chain in one place. An in-built decentralized exchange aggregator enables users to trade tokens and conduct cross-chain swaps easily. Best Wallet does not compromise on security and provides industry-standard protection through two-factor authentication (2FA), biometric verification, and Fireblocks third-party insurance.

The best part of using the Best Wallet for crypto trading in Georgia is that the application is free to download on Google Play and the App Store. It also supports third-party fiat onramps, allowing you to buy cryptos using Apple Pay, PayPal, and credit/debit card directly on the Best Wallet App.

One of its most promising features is the “Upcoming Tokens” section, which lets investors participate in crypto presale projects. Why don’t you give Best Wallet a try? It is free to download after all. In our comprehensive Best Wallet Review, you will learn why Best Wallet is one of the best crypto wallets in Georgia.

How to buy crypto in Georgia
Source: Best Wallet

How to Buy Crypto Using Best Wallet in Georgia

To buy cryptocurrencies in Georgia using Best Wallet, follow these simple steps.

  • Download Best Wallet on Google Play or App Store. Make sure you are downloading from the official source.

  • Set up your Best Wallet account. Enable biometric authentication and create a strong PIN. You don’t want to lose your money to security risks.

  • On the home page, select or search for the cryptocurrency that you want to buy.

  • Tap on the “Buy” button.

  • Enter the amount of money you want to invest.

  • Review the exchange rate.

  • Select your payment method.

  • Tap on “Buy.”

Best Wallet Key Features

Best Wallet is a versatile crypto wallet equipped with all the essential features to make it well-suited for both beginners and seasoned crypto users. Here’s an overview of its standout features, highlighting why it’s regarded as one of the leading crypto wallets in the market today.

  • Non-custodial: Best Wallet is a self-custodial crypto wallet that gives users complete ownership of the cryptocurrencies stored in it.
  • In-built DEX aggregator: The wallet has a DEX aggregator feature that enables on-chain trading and cross-chain swaps.
  • Multi-chain: It supports popular blockchains such as Bitcoin, Ethereum, BNB Chain, Polygon, and Base.
  • Portfolio management: Create multiple on-chain wallet addresses to organize your portfolio. Buy, sell, trade, and stake your digital assets, all on Best Wallet.
  • Token launchpad: Get exclusive and early access to initial DEX offerings of partner tokens.

Best Wallet Pros & Cons

Pros:

  • Free: Best Wallet is free to download on Google Play and App Store.
  • Multi-chain: The app allows you to manage cryptos across different blockchains.
  • Strong security: It has robust security features such as biometrics, multi-factor authentication, and an auto-lock timer.
  • Non-custodial: Crypto assets stored in Best Wallet remain in complete control of the wallet holder as the private keys are stored in the wallet.

Cons:

  • Single platform: Best Wallet is not available as a browser extension.
  • Customer support: It is still developing and has limited customer support availability.
  • Trading features: Advanced trading features are under development on Best Wallet.

Visit Best Wallet

2. Binance

One of the best ways to buy crypto in Georgia is on Binance, the world’s largest crypto exchange by trade volume. The platform is popular due to its reputation, liquidity, and rich features. It looks to provide users with a complete suite of crypto services, including staking, on-chain wallet, margin trading, token launchpads, and advanced trading features.

In 2023, Binance established its regional hub in Georgia. Since then, the company has collaborated with local bodies such as Georgian Business and Technology University and the Georgian Innovation and Technology Agency to promote the development of the crypto industry in Georgia. Binance, in a 2023 blog post, said,

“By establishing this Web3 outpost, we hope to attract top talent to the blockchain sector, facilitate educational initiatives related to digital finance, and further the development of Georgia’s crypto industry.”

Read more about the platform in our comprehensive Binance Review 2025.

How to buy crypto in Georgia
Source: Binance

How to Buy Crypto With Binance in Georgia?

You can buy Bitcoin and altcoins with Binance in Georgia using your debit card, credit card, Apple Pay, or bank transfer. Here is an easy guide on how to buy cryptocurrency in Georgia step by step:

  • Create a free account with Binance on its website or smartphone app.

  • Register your account using your email and phone number.

  • Complete KYC verification to unlock all use cases of the Binance App.

  • Click on the “Trade” button at the bottom of your screen and then tap on “Buy/Sell.”

  • Select your currency as the “Georgian Lari.”

  • Choose the cryptocurrency you want to purchase and enter the amount you would like to buy.

  • Select the payment method.

  • Click “Confirm” to place your orders.

Binance Key Features

Binance provides a complete crypto platform to buy, sell, and trade tokens and NFTs. It offers a wide range of features, including a vast selection of cryptocurrencies, advanced trading tools, and more. Let’s go through them one by one:

  • Peer-to-peer (P2P) trading: Binance allows users to trade cryptocurrencies peer-to-peer on its platform. Due to its deep liquidity, it is one of the most popular platforms for P2P crypto trading in Georgia. If you want to know about other exchanges that offer P2P trading, take a look at our ‘10 P2P Crypto Exchanges for 2025‘ article.
  • Margin trading: The exchange supports over 600 trading pairs, and users can trade with up to 10x leverage. Check out our dedicated article on Crypto Margin Trading Platforms that compete with Binance.
  • Derivatives trading: Binance lists perpetual futures contracts, offering up to 125x leverage on some markets. Traders can use crypto futures contracts to speculate on market volatility and hedge positions.
  • Binance Vault: Users can stake their BNB tokens to earn interest and also earn Binance Launchpad airdrops.
  • Binance Launchpool: Binance Launchpad is a crowdfunding program that allows BNB token holders to participate in Initial Exchange Offerings (IEOs) of upcoming crypto projects.
  • Binance Wallet: Binance mobile app has an in-built on-chain wallet that users can use to self-custody their tokens. To know more about it, check out our detailed Binance Wallet review.

Binance Pros & Cons

Pros:

  • Rich list of assets: Binance supports hundreds of crypto tokens and trading pairs.
  • BNB token discounts: BNB token holders can avail of discounted trading fees.
  • Trading tools: The crypto exchange has a suite of advanced trading tools that pro traders can use.
  • Deep liquidity: As the most popular crypto exchange in the world, Binance is known for its high trading volumes, which ensure quick order execution and low spreads.
  • Non-custodial wallet: Binance Wallet allows users to self-custody cryptocurrencies within the Binance App.

Cons:

  • Not beginner-friendly: Binance’s advanced interface may overwhelm first-time users.
  • Regulatory trouble: The crypto exchange has faced legal challenges and regulatory scrutiny in the past.
  • KYC verification: Binance requires users to complete KYC verification.
  • Custodial: Centralized exchanges such as Binance store customer funds on their behalf, which makes them vulnerable to exchange risks, bankruptcy, commingling of funds, and hacks.

Visit Binance

3. ByBit

ByBit is a crypto exchange established in 2018 by Ben Zhou. The company, which was originally headquartered in Singapore before moving to Dubai in 2022, has grown to become one of the leading crypto platforms in the world.

Available in over 160 countries and used by over 70 million users, Bybit offers a robust trading platform featuring spot and derivatives markets, staking opportunities, analytic tools, and a user-friendly interface catering to both novice and experienced traders. In November 2024, Bybit registered as a Virtual Asset Service Provider with the National Bank of Georgia.

Learn more about Bybit in our comprehensive Bybit Review.

Buy crypto in Georgia
Source: Bybit

How to Buy Crypto With ByBit in Georgia?

Here is a step-by-step guide to help you make your first crypto purchase on Bybit:

  • Register your account using your email address and phone number on the Bybit Georgia website or Bybit Georgia App.

  • Complete the KYC verification process by sharing the required details.

  • Fund your Bybit account using payment methods such as debit card, credit card, or bank transfer.

  • Once the funds are deposited into your Bybit account, use your fiat balance to buy crypto directly.

ByBit Key Features

Thanks to Bybit’s official registration as a crypto exchange provider in Georgia, buying crypto through the platform has become easier and more accessible for Georgia residents. Here are the key features of Bybit you need to know about:

  • Peer-to-peer trading: Bybit allows peer-to-peer trading, which customers can use to take advantage of its low fees, diverse payment options, and global accessibility.
  • Auto invest: The Auto Invest feature on Bybit allows users to schedule regular crypto purchases.
  • Derivatives trading: Bybit offers up to 125x leverage on crypto perpetual contracts listed on its platform.
  • Automated crypto trading: Users can choose pre-configured trading bots on Bybit that automatically implement trading strategies.
  • Bybit Earn: The exchange offers a collection of crypto services called Bybit Earn. It allows users to earn yields on their crypto assets from Bybit’s Launchpool, Flexible Savings, DeFi mining, and Dual-asset investment products.

ByBit Pros & Cons

Pros:

  • Competitive fees: Bybit has competitive trading fees, with spot trading fees starting at 0.1% and futures fees as low as 0.02% for makers and 0.055% for takers.
  • Trading features: The exchange offers a variety of trading products, including spot, margin, futures, and options trading.
  • Automated trading: ByBit users can use pre-configured bots that autonomously make trading decisions based on the chosen trading strategy.
  • No KYC for small withdrawals: Users can withdraw up to 20,000 USDT daily without completing KYC verification.

Cons:

  • Regulatory challenges: Bybit has faced regulatory hurdles in the past, including in several European countries. Such challenges could affect the company’s ability to offer crypto exchange services to its customers.
  • Recent security breach: In February 2025, Bybit lost over $1.5 billion in cryptocurrencies to a hack.
  • Limited global access: Bybit is unavailable in popular crypto markets such as the U.S., Canada, and the UK.
  • Custodial: ByBit stores customer funds on its behalf, making it vulnerable to exchange risks, bankruptcy, commingling of funds, and hacks.

Visit Bybit

4. BingX

BingX is a Singapore-headquartered crypto exchange founded in 2018 by Josh Lu that boasts over 20 million active users worldwide. The exchange aims to provide a user-first platform with seamless crypto trading. The exchange supports over 1,000 cryptocurrencies and trading pairs and has implemented security features such as two-factor authentication (2FA), cold storage, and proof-of-reserves.

BingX is known for its social trading products and competitive fees that help it stand apart from bigger rivals such as Binance, Coinbase, and Kraken. Overall, BingX has all the crypto trading features required by novice and experienced traders to easily buy, sell, and trade digital assets.

Read our comprehensive BingX guide to learn all about the exchange and how the platform compares with its rivals.

How to buy crypto in Georgia on BingX
Source: BingX

How to Buy Crypto With BingX in Georgia?

BingX currently supports Visa and Mastercard payments via debit and credit cards on its platform. In this step-by-step guide, you will learn how to buy Bitcoin in Georgia with a credit card:

  • Create an account on BingX using your email address and phone number.

  • On the home page, click on “Buy Crypto.”

  • Click on “Quick buy” when a pop-up appears on your screen.

  • Choose the fiat currency you want to pay with and the crypto token you want to buy.

  • Enter the payment amount or the amount of cryptocurrency you want to buy, then click “Buy”.

  • On the payment options, click “Apple Pay,” “Google Pay,” or “Credit Card.” Then, agree to the terms of use and click “Pay.”

  • Verify your identity by completing KYC verification.

  • Complete the payment process.

BingX Key Features

BingX is a crypto exchange that is known for its user-friendly interface and complete suite of crypto trading tools. Whether you are a beginner or an advanced trader, BingX offers a range of features designed to enhance your experience. Let’s read about them below:

  • Copy trading: BingX allows users to copy the trading strategies of experienced and professional crypto traders. This feature is especially helpful for beginners.
  • Derivatives trading: In addition to spot trading, BingX lists perpetual futures contracts and standard futures contracts on hundreds of crypto trading pairs.
  • Grid trading: BingX has a special trading feature called Grid trading, which automatically buys low and sells high to gain profits.
  • Rewards hub: The crypto exchange rewards users with USDT stablecoins for completing tasks like signing up, verifying their identity (KYC), making fiat deposits, and placing their first trade.

BingX Pros & Cons

Pros:

  • Rich altcoin selection: BingX lists over 700 cryptocurrencies and trading pairs, including popular coins and tokens such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE).
  • Copy trading and automation features: Bingx’s copy trading feature allows users to copy the trading strategies of experienced and professional crypto traders. Meanwhile, grid trading strategies automatically buy low and sell high to gain profits.
  • Competitive fees: The platform is known for its low trading fees, with spot trading fees around 0.05%–0.10% and further reductions for high-volume traders.
  • User-friendly: BingX is designed for beginners and advanced users. Its intuitive mobile and web platforms and integration with TradingView charts make charting and token analysis easy.

Cons:

  • Regulatory challenges: To make its services available to customers, Bingx constantly navigates the uncertain crypto regulatory landscape.
  • Limited global access: BingX is unavailable in key crypto hubs such as the U.S., Canada, and the UK.
  • Custodial: Centralized exchanges like BingX store customer funds on their behalf. Customers are vulnerable to exchange risks, bankruptcy, commingling of funds, and hacks.

Visit BingX

5. PrimeXBT

PrimeXBT is a cryptocurrency leverage trading platform that mainly caters to traders rather than buy-and-hold investors. It is unique from rivals on the list because it allows users to gain exposure to global stock, commodities, forex, and cryptocurrency markets on a single platform.

Available as an Android and iOS smartphone app, PrimeXBT lists CFD (contract for difference), which is a financial instrument that traders use to gain exposure to an asset without owning it. The focus on price speculation rather than ownership creates a capital-efficient trading environment. However, CFD trading is prohibited to retail traders in several countries, including the U.S.

Learn more about PrimeXBT and its features in our easy-to-understand Prime XBT review – A Beginner’s Guide.

Platforms to buy crypto in Georgia
Source: PrimeXBT

How to Buy Crypto With PrimeXBT in Georgia?

PrimeXBT is mainly used for market speculation by users who trade crypto futures contracts and CFDs. Remember, these financial instruments allow users to gain exposure to an asset without owning it. However, PrimeXBT allows users to buy, hold, transfer, and withdraw only a handful of crypto assets, namely Bitcoin, Ether, USDC, and USDT. Let’s learn how to buy crypto with PrimeXBT using your credit/debit card or bank transfer:

  • Create an account using your email address and phone number on PrimeXBT’s website or mobile app.

  • Complete KYC verification to enable fiat deposit.

  • Add fiat funds to your account using a credit card or a bank transfer.

  • Click on “Buy Crypto.”

  • Since PrimeXBT does not allow direct conversion of fiat to crypto, first buy USDC or USDT stablecoins using your fiat funds.

  • Once you have USDT or USDC stablecoins, go to the “Buy Crypto” page again and select the cryptocurrency you want to exchange for your stablecoins.

  • Enter the amount of crypto you want to trade and review the exchange rate.

  • Click on “Exchange” to purchase your cryptocurrency.

PrimeXBT Key Features

PrimeXBT is a trader-focused platform that allows users to gain easy exposure to crypto assets for low fees. Here are the key features that you need to know about:

  • Stocks, commodities, forex, and crypto: PrimeXBT has CFD and futures contracts with exposure to stocks, commodities, forex, and crypto under one platform.
  • Copy trading: The platform allows users to copy the trading strategies of advanced traders. Experts can earn up to 20% of followers’ profits by sharing their strategies.
  • Crypto futures: PrimeXBT has listed over 100 crypto futures contracts of popular tokens such as BTC, ETH, LTC, and DOGE.
  • Reward center: The platform rewards users up to $500 for completing tasks such as depositing funds and completing trades.
  • Market research: PrimeXBT has a dedicated market research channel that provides technical analysis on crypto, stocks and other financial markets.

PrimeXBT Pros & Cons

Pros:

  • All in one: PrimeXBT has CFD and futures contracts with exposure to stocks, commodities, forex, crypto, and ETFs under one platform.
  • Advanced trading features: The platform offers advanced trading features such as futures trading and copy trading.
  • Best for traders: PrimeXBT’s focus on listing futures contracts and CFDs makes it a great platform for crypto traders who want to focus on market speculation rather than asset ownership.
  • Low fees: The exchange is known to offer low fees. Spreads are as low as 0.1 pips when trading CFDs, while trading fee commission is as low as 0%.

Cons:

  • Not suitable for buy-and-hold crypto investors: PrimeXBT is not suitable for buy-and-hold crypto investors because of its limited token listing and the lack of direct conversion of USD to crypto when buying tokens.
  • Not available in certain regions: The exchange is restricted in the U.S., Japan, Canada, and New Zealand, among other regions.
  • Not suitable for beginners: It mainly focuses on providing trading services, which may put off crypto beginners.

Looking For A Wallet To Buy/Sell or Trade Crypto?

Check out our expert-curated list of Best Crypto Wallets For Trading in 2025. These wallets scored highest numbers on metrics like security, trust, customer service support, and users’ rating

Additional Methods to Buy Crypto in Georgia

Using a centralized exchange (CEX) such as Binance, Bybit, BingX, and PrimeXBT is considered the most convenient way to buy crypto in every country in the world, including Georgia. CEXs allow easy conversion of fiat-to-crypto and vice versa, list numerous cryptocurrencies, and offer advanced trading features on their platforms. However, if you are looking for alternative methods to buy crypto, there are ways to do it. Each method has its pros and cons. Let’s read about them below.

Alternative Ways to Buy Crypto in Georgia

  • Decentralized Exchanges (DEXs): If you are looking for a permissionless and anonymous way to buy cryptocurrencies in Georgia, using DEXs is the best method for you. The primary advantage of using DEXs is that your crypto assets always remain under your control, as the private keys are stored in your self-custodial crypto wallet.
  • Peer-to-peer (P2P) Trading: Peer-to-peer trading refers to the buying and selling of cryptocurrencies directly from another individual instead of a crypto exchange. You can conduct P2P trading with your friends and people you meet in person. P2P trades are typically carried out using self-custodial crypto wallets. This method helps preserve anonymity if P2P trades are conducted outside centralized crypto exchange platforms.
  • Bitcoin ATMs: Bitcoin ATMs are kiosks that allow users to buy and sell cryptocurrencies using cash, debit cards, and credit cards. They are connected to the Bitcoin blockchain, where the transactions take place. The cryptocurrencies are then sent to your on-chain Bitcoin wallet address. According to Coin ATM Radar, there are 96 Bitcoin ATMs in Georgia, including 82 in the capital city of Tbilisi.
  • OTC trades: Over-the-counter (OTC) trading refers to the buying and selling of cryptocurrencies outside a crypto exchange platform used by retail traders and investors. Such deals are carried out by a crypto brokerage firm in a structured and planned manner. OTC trades are designed for large volume trades, privacy, and personalized service.

Methods of Buying Crypto in Georgia Compared

Method How it works Payment methods Pros Cons
Centralized exchanges (CEXs) Create an account on platforms such as Binance or Bybit. Buy/sell cryptocurrenices using fiat or crypto. Credit cards, debit cards, Apple Pay, Bank transfers, crypto, and more.
  • Easy fiat-to-crypto conversion and vice versa.
  • Multiple payment methods.
  • Advanced trading features.
  • User-friendly interface.
  • CEXs custody customer crypto assets on their behalf.
  • Trading fees.
  • Regulatory risks.
Decentralized exchanges (DEX) Log in to a DEX website using your crypto wallet address. Swap tokens. Cryptocurrencies only.
  • No KYC required.
  • Access to exotic cryptocurrencies.
  • Crypto assets remain under the custody of the owner.
  • Gas fees.
  • Limited fiat currency support.
  • Not suited for beginners.
P2P trading Buy and sell crypto directly from another individual. Credit cards, debit cards, Apple Pay, Bank transfers, crypto, and more.
  • Promotes privacy and anonymity if carried out outside a CEX.
  • Flexible payment methods.
  • Easy crypto-to-crypto
  • Risk of scams.
Bitcoin ATMs Buy crypto in physical kiosks using cash or debit/credit card. Cash, debit card, and credit card.
  • Minimal KYC for small amounts.
  • Quick transactions.
  • ATM fees.
  • Limited global availability.
OTC trades Large volume trades are conducted outside of a platform used by retail investors. Bank transfer, wire, and crypto
  • Best for large volume trades.
  • Personalized service and planned trades.
  • Not for small amounts.

Why Buy Crypto in Georgia?

Georgia is one of the most crypto-friendly regions in the world, thanks to a combination of regulatory clarity, business-friendly policies, and favorable tax treatment. In 2023, the National Bank of Georgia established a new regulation that clearly defined cryptocurrencies and created a mandatory registration regime for crypto exchanges operating in the country. The new rules were aimed at providing regulatory clarity to the Georgian crypto industry, protecting investors, and preventing money laundering and terrorist financing activities.

The clear crypto rules have made it convenient and safe for crypto enthusiasts to buy and sell cryptocurrencies in Georgia, compared to other countries. As a result, crypto adoption in Georgia is growing at a rapid pace, which is evident by the high number of Bitcoin ATMs in the capital city of Tbilisi. The nation’s Bitcoin mining industry has also benefited most from the growing interest in the Georgian crypto industry. Maka Kalandarishvili of the National Statistics Office of Georgia stated in a presentation that Georgia ranks among the top 10 most Bitcoin-friendly nations in the world and boasts the second highest Bitcoin mining hashrate. Tbilisi-based law firm LTA said in a post.

“Georgia has emerged as a significant hub for crypto mining. This is attributed to its abundant and affordable hydroelectric power and the absence of stringent government regulations,”

Factors to Consider Before Buying Crypto in Georgia

Here are the factors to consider before buying crypto in Georgia.

  • Regulatory environment: Georgia has set clear regulations for cryptocurrencies and implemented a system for registering crypto exchanges.
  • Taxation: Crypto enthusiasts, especially frequent traders, must consider taxation rules before buying and selling crypto in any region. Proper tax management and compliance are essential to avoid legal risks and penalties.
  • Legal status: Owning and trading cryptocurrencies in Georgia is legal.
  • Market risks: Before buying cryptocurrencies, you should always consider the risks involved, no matter where you are. Always do your research before investing.

Tax Implications for Crypto in Georgia

According to law firm LTA, crypto tax rates on gains for individual traders are generally set at 0%, barring special exceptions. Crypto traders and investors should also note the official definition of virtual assets as defined by the National Bank of Georgia:

“A virtual asset is a digital representation of value that is interchangeable and non-unique, can be digitally traded or transferred, and can be used for investments and/or payment purposes. A virtual asset does not include digital representation of fiat currencies, securities, or other financial instruments.”

Here are the important details regarding the tax administration in Georgia for individuals, according to PwC:

  • Resident individuals who do not have a Georgian source of income tax are exempt from income tax.
  • Personal income is subject to a flat tax rate of 20%.
  • An individual is recognised as a tax resident of Georgia for residing over 183 days or more in any continuous 12-month period ending in the current tax year.

Conclusion: How to Buy Crypto in Georgia

By now, you must have understood why Georgia is one of the best places for crypto enthusiasts. If you are ever in Georgia, you can buy cryptocurrencies without breaking a sweat on registered crypto exchanges such as Binance and Bybit. If you like trading on-chain, you can use decentralised exchanges, which can be accessed from anywhere in the world. We highly recommend using a mix of centralized and decentralized exchanges to buy cryptocurrencies to take advantage of both methods.

See Also:

References

FAQs

Is it legal to buy cryptocurrency in Georgia?

Expand

Yes, owning and trading cryptocurrency is legal in Georgia.

What is the best way to buy crypto in Georgia?

Expand

Centralized exchanges are the easiest and most convenient way to buy crypto in Georgia.

Can I buy Bitcoin in Georgia with a credit card?

Expand

Yes, you can use your credit card to buy crypto in Georgia through a crypto exchange such as Binance and Bybit.

Are there Bitcoin ATMs in Georgia?

Expand

Yes, there are 96 Bitcoin ATMs in Georgia, with most of them located in the capital city of Tbilisi.

Do I have to pay taxes on crypto in Georgia?

Expand

Crypto tax rates on gains for individual traders are generally set at 0%, barring special exceptions, according to law firm LTA.

What are the fees for buying crypto in Georgia?

Expand

Trading fees depend on the crypto purchasing method. Centralized exchanges tend to charge a small trading fee, while users have to pay gas fees when using decentralized exchanges.

What is the safest way to buy crypto in Georgia?

Expand

You can safely buy crypto in Georgia using a registered crypto exchange such as Binance and Bybit.

How do I sell my crypto in Georgia?

Expand

You can sell your crypto in Georgia on crypto exchanges such as Binance and Bybit or you can even use a non-custodial wallet like Best Wallet.

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Mensholong Lepcha
Mensholong Lepcha

Mensholong is a experienced crypto and blockchain journalist. He has contributed with news coverage and in-depth market analysis to Reuters, Capital.com, StockTwits, XBO, and other publications. In his spare time, Mensholong enjoys watching soccer, finding new music, and buying BTC... Read More

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