Buy Crypto & Bitcoin in Georgia

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eToroeToro

eToro allows you to buy Bitcoin & crypto in the United States.

It offers a free wallet, app, and is easy and quick to use for purchases.

Limited-time offer: Get $10 free once you trade $100 worth of cryptocurrency.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BuyBitcoinWorldwide.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Visit eToro's Website

Pros
  • Trusted exchange with 25+ million users
  • Easy to use to buy
  • The interface is clean and many coins supported
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

KrakenKraken

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and one of the largest in based on daily average trading volume. It is available in almost all countries.

Deposits can be made via bank wire, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins. Visit Kraken's Website

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

UpholdUphold

Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.

Visit Uphold's Website

Pros
  • Ability to also buy gold and silver
Cons
  • Requires ID verification, so not private
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Bitcoin IRABitcoin IRA

Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.

Visit Bitcoin IRA's Website

Pros
  • Tax-advantaged Bitcoin savings
  • Easy to set up an account
Cons
  • Cannot custody the Bitcoin yourself
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
High
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Reputation
Trusted
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Limits
High

GeminiGemini

Gemini is a New York-based Bitcoin exchange, open to residents of the United States, UK, Canada, Hong Kong, Japan, Singapore and South Korea. Deposits can be made via wire transfer, SEPA or ACH transfer.

Get $20 of free BTC after trading $100 or more within 30 days.

Visit Gemini's Website

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
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Ease of Use
Hard
privacy icon
Privacy
Low
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Speed
Slow
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinbaseCoinbase

Coinbase is one of the largest exchanges, with over 100 million users.

USA users can buy bitcoins and crypto fast and easily using Coinbase's free app or on its website.

Coinbase also offers a free wallet for its users.

Eligible US residents (excluding Hawaii) who successfully create an account and purchase crypto will receive $5 in Bitcoin (BTC) added to their Coinbase portfolio.

Pros
  • Trusted exchange with 100 million+ users
  • Based in the USA; with a free wallet included
  • App available on Apple App Store & Play Store
Cons
  • Easy to use but fees can be high
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Average
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Reputation
Trusted
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Limits
High

CoinmamaCoinmama

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
limits icon
Limits
High

RiverRiver

River makes it easy to buy bitcoin. It has a clean interface, low fees and allows for automatic purchases.

It currently offers its services in all US states besides New York and Nevada.

Be sure to read our River Financial review. Visit River's Website

Pros
  • Very clean interface
  • Unique recurring buy feature
Cons
  • Bitcoin-only, no support for other coins
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Ease of Use
Easy
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
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Reputation
Trusted
limits icon
Limits
High

Coinbase Advanced TraderCoinbase Advanced Trader

Coinbase's exchange, Coinbase Advanced Trader (formerly called Coinbase Pro), is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin ATMsBitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Georgia


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)


bitcoin in georgia

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.


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Bitcoin Mining in Georgia


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)


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Hacks and Crypto Scams in Georgia


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)


Cyberattack in Georgia

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FAQ


Exchange Name Support for Georgia
Binance.us
Coinbase
Coinmama
Kraken
Kucoin
Gemini
Uphold
eToro
Luno
Crypto.com

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.

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Wikipedia - Georgia (U.S. state), https://en.wikipedia.org/wiki/Georgia_(U.S._state)
  2. Legiscan - state revenue commissioner to accept cryptocurrencies for payment, https://legiscan.com/GA/text/SB464/2017
  3. The Japan Times - America's bitcoin miners have Georgia on their minds, https://www.japantimes.co.jp/news/2022/02/08/business/tech/america-bitcoin-miners-georgia/
  4. Global News Wire - ISW Holdings Will Host 56,000 Miners In Recent Partnership Agreement with Bitmain , https://www.globenewswire.com/news-release/2021/09/07/2292452/0/en/ISW-Holdings-Will-Host-56-000-Miners-In-Recent-Partnership-Agreement-with-Bitmain.html
  5. Mawson - Mawson Infrastructure Group Inc. Announces Expansion of Sandersville, Georgia, USA, Bitcoin Mining Facility to 230 Megawatts, https://mawsoninc.com/mawson-announces-expansion-of-sandersville-georgia-bitcoin-mining-facility-to-230mw/
  6. United States Attorney's Office, Southern District of New York - U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud, https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction
  7. U.S. Securities and Exchange Commission - SEC Charges Software Company Blackbaud Inc. for Misleading Disclosures About Ransomware Attack That Impacted Charitable Donors, https://www.sec.gov/news/press-release/2023-48

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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