author image
Austin Jacob • May 22nd, 2020

Buy Bitcoin in Georgia

We may receive affiliate commission when you click certain products. Read our important disclosure to learn more.

Welcome to Bitpremier.

We’re here to simplify the Bitcoin buying process.

If you’re from Georgia and want to purchase some Bitcoin, here’s what you need to know.

For most of you, Coinbase is going to your best option due to its competitive fees and variety of payment methods.

Want to keep learning about other options?

Keep reading!

Coinbase Home

Based out of San Francisco, California, Coinbase is considered by many to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface. Just make an account, link your preferred payment method, and start purchasing.

Please note that if you are based in the United States, most credit card purchases are disabled. For AML reasons, Coinbase, like most exchanges, requires users to submit a picture of their ID and other information for verification purposes.

When it comes to fees, this will depend on the payment method used. Bank purchases charge 1.49% and on credit and debit purchases expect 3.99%. Purchase limits depend on your accounts verification level, with the highest tier of verification allowing $50,000 to be purchased daily.

Visit Coinbase Read Review

 

Coinmama is another beginner-friendly cryptocurrency brokerage that focuses on credit and debit card purchases. They offer instant delivery and sell Bitcoin, Ethereum, Ripple, Litecoin, and more to 46 US States, and most countries.

Coinmama doesn’t provide its users with a wallet on the exchange. Instead, users are asked to provide a wallet address to send the purchased cryptocurrency to. As long as you have your own wallet, this shouldn’t be an issue!

Coinmama charges a fee of around 5% for credit and debit purchases with instant delivery and high purchasing limits of a max of $5,000 daily, and $20,000 monthly. 

Visit Coinmama Read Review

 

Headquartered in London, UK, CEX.io offers security, high liquidity, and cross-platform trading. They support an extremely wide array of countries making them available to most people.

CEX.io appears to have little no fees at first glance. They are able to do this by charging a premium on the Bitcoin price. We estimate this comes in around a 7% premium on average.

When it comes to purchasing limits, it really depends on your accounts verification tier. The first level has daily deposits of $500 and $100 withdrawals while the highest tier has unlimited in each category. Payment methods include cards, bank transfers, and more.

Visit CEX.io Read Review

 

eToro USA is an investing platform that allows its users to purchase CFDs for Bitcoin, cryptocurrency, and even stocks.

One of eToro's most notable feature is their support for copy trading. Also known as social trading, this will allow users to view the top trader's exact moves, letting them replicate as little or as much of their strategies as they'd like.

At press time, the service supports 40 US states and several other US territories. 

eToro has a few different fees that you should be aware of. When trading any crypto to crypto, you'll pay a .1% fee. If fiat is converted to the cryptocurrencies below, you'll also pay the spread mentioned below.

Visit eToro USA Read Review

 

LocalBitcoins offers a highly trustworthy escrow service and peer-to-peer (P2P) exchange. Due to the nature of the exchange, it's available in pretty much every country.

On the exchange, users to trade among themselves. Due to the nature of the transactions on the exchange, there is a resolution and feedback system.

It also allows users to post a quick buy or quick sell ad on the exchange platform. It is one of the best cryptocurrency exchanges for peer to peer trading.

LocalBitcoins is one of the better exchanges for users concerned with their privacy. Bitcoin can be purchased in person without linking an identity to an exchange.

Visit LocalBitcoins Read Review

 

Bitcoin Exchanges in Georgia

Buying Bitcoins in Georgia is a very accessible venture.

Atlanta has emerged a major tech center for the South, and over 200 of Georgia’s 310 Bitcoin ATMs can be found there.

Physical Bitcoin exchanges can be found in Atlanta, Augusta, and Savannah for a brick and mortar alternative to teller machines.

Bitcoin Regulations in Georgia

Legislators in Georgia caught on to cryptocurrency regulation relatively early in 2016.

Amendments to the Official Code of Georgia Annotated in 2016 required businesses to obtain money transmissions licenses for Bitcoin transactions.

In the eyes of Georgia state law, virtual currency is considered equivalent to cash.

Further legislation was introduced in 2017 for the purposes of taxing cryptocurrency transactions, but this bill has not yet received a committee hearing.

Cryptocurrency regulations in Georgia and beyond are attracting attention, especially in regards to taxation.

It is often difficult or even impossible for municipal, state, and federal governments to carry out reliable taxation of decentralized currencies.

Bitcoin Mining in Georgia

Residential electricity costs in Georgia are relatively close to the national average at $0.1117/kWh.

Specialized ASIC cryptocurrency miners could turn a reliable profit in the state of Georgia for committed investors.

Georgia also receives a great deal of sunshine, and this is conducive towards both sweet iced tea and solar-powered cryptocurrency mining operations.

Georgia residents looking to save on electricity costs or turn a profit can attach their solar power systems to ASIC mining hardware.

While some residents might sell their surplus solar power back to the electric grid, utilizing solar panels for cryptocurrency mining operations can prove to be far more lucrative.

No Comments Yet

shape shape shape shape shape shape shape