We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

-

Georgia was the second US state to propose a law that would allow its citizens to pay taxes in Bitcoin and other cryptocurrencies. Two senators were backing up the law, tracking the legislative process of a similar law proposed by the state of Arizona. Unfortunately, this bill never made it out of committee during the senate session.⁽²⁾

Regardless, its still super easy to buy Bitcoin in Georgia and one of the easiest ways is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Georgia, and you can easily 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 kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet.

Another way to buy Bitcoins in Georgia is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification. This makes them more private than exchanges.

You can use our Bitcoin ATM finder tool to find the one nearest you.

-

It looks like Georgia may be another state to benefit from the crackdown in China on bitcoin mining. Georgia has been a favorable place for mining according to Foundry, a cryptocurrency company that operates Foundry USA, a large mining pool. Foundry reported that the state was responsible for more than 34% of the computing power in the pool during January 2022.⁽³⁾

State Regulators have setup renewable energy credits for miners to offset their emissions and give them access to day-ahead pricing so they can throttle back operations if the rates are set to spike⁽³⁾. These types of incentives have influenced crypto companies like Bitmain Technologies Ltd to increase their presence in Georgia. In September 2021, Bitmain said they plan on bringing another 56,000 miners into the state.⁽⁴⁾

Mawson Infrastructure Group, an Australian firm, has decided to expand its mining operations into the state starting in August 2021. The company is negotiating with the city of Sandersville for an electricity cost of about $0.04 per kWh. Some miners are already operational and the expansion will continue. The company stated that it expects to have a hash rate of 5,000 PH/s by the end of 2022.⁽⁵⁾

-

In November 2022, James Zhong of Gainesville, Georgia plead guilty to the theft of 3.36 billion in bitcoin from the Silk Road Marketplace in 2013. The seizure came about due to a raid in 2021 of Zhong's residence after several years of investigation into Zhong. Authorities say they seized 50,676 bitcoin during the search on his property, some stored on a computer hidden in a popcorn bin in a bathroom closet.⁽⁶⁾

In May of 2020, one of Georgia State Foundation’s third-party vendors, Blackbaud, was compromised by ransomware demanding Bitcoin. Blackbaud provides donor record-keeping services and stores donors’ personal information, including their full name, address, phone number, email address and Social Security number. Blackbaud eventually paid the Bitcoin ransom to make sure the cybercriminals would destroy the information.⁽⁷⁾

-

Exchange Name	Support for Georgia
Binance.us	Yes
Coinbase	Yes
Coinmama	Yes
Kraken	Yes
Kucoin	No
Gemini	Yes
Uphold	Yes
eToro	Yes
Luno	No
Crypto.com	Yes

Where Can I Find a Bitcoin ATM in Georgia?

The best way to find a Bitcoin ATM in Georgia is to use our Bitcoin ATM finder tool.

Here, you can filter by any of the most popular cryptocurrencies and find ATMs that support buying, selling, or both.

Why doesn’t Square sell Bitcoin to Georgia users?

Georgia's citizens don't have the ability to buy and sell bitcoin using Square's cash app because there are more restrictive regulations around the brokering of cryptocurrencies in Georgia.

How do I cash out of Bitcoin in Georgia?

Any exchange listed above will allow you to sell your Bitcoin for fiat currency in Georgia.