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After the collaps of the Soviet Union, the economy of Georgia fell drastically, but it managed to largely recover by the mid 2000s. In 2007, Georgia was ranked “the number one economic reformer”, according to the World Bank. In 2018, it ranked as “the least corrupt nation in the Black Sea region”, according to the Transparency International report.

In 2017, the National Bank of Georgia stated that cryptocurrency was not legal tender and there was no regulatory framowork for it. The Bank even warned Georgian citizens to be very careful about crypto transactions. Still, due to business-friendly investment laws, Georgia has become a world cryptocurrency powerhouse.

Tbilisi - the capital of Georgia

Perhaps you live in Georgia and have considered jumping in yourself. If so, one of the easiest ways to buy Bitcoin in Georgia is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Georgia, allowing you to select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be considered before selecting one.

Additionally, Bitcoin buyers need to keep in mind that certain exchanges might require you to get a wallet of your own before being able to buy the digital currency. Even if there is no requirement, it is recommended to have a wallet of your own for security reasons (preferably a hardware wallet). If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

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Georgia has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

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There are three main types of Bitcoin wallet and all of them are supported in Georgia:

• Software (desktop or mobile - iOS and Android wallets
• Hardware wallet
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

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Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Georgia that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.

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Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Georgia that allow you to buy litecoin and other crypto assets for good exchange rates.

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As of January of 2021, we could find no exchange hacks or significant scams affecting Georgia or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Georgia.

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Does Coinbase work in Georgia?

Coinbase does NOT support customers in Georgia as of September of 2020.

Where Can I Find a Bitcoin ATM in Georgia?

At this time, there are no Bitcoin ATMs in Georgia.

You can use our Bitcoin ATM finder tool to check back in occasionally and see if one has opened.

What is the price of Bitcoin in Georgia?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

How do I cash out of Bitcoin in Georgia?

Any exchange with a Georgian lari trading pair will allow you to sell your Bitcoin for fiat currency. Kraken has GEL trading pairs for many popular coins.

As of January of 2021, there are unfortunately no Bitcoin ATMs in Georgia.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.