ICO Bench was created by a team of crypto experts to help current and future crypto investors find the latest cryptocurrency ICOs and presales. All content follows a strict editorial policy that ensures factual accuracy, neutrality, and usefulness.
We strive to provide insightful content that helps our audience make informed decisions, while emphasizing the importance of prioritizing safety and risk management. All information in our content is based on thorough research conducted by our team of copywriters and editors. We use proven sources to find relevant projects and ensure that all content is updated regularly.
The information provided by ICO Bench should be used for informational purposes only and should not be taken as investment advice.
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Why Trust Us
ICO Bench was created by a team of crypto experts to help current and future crypto investors find the latest cryptocurrency ICOs and presales. All content follows a strict editorial policy that ensures factual accuracy, neutrality, and usefulness.
We strive to provide insightful content that helps our audience make informed decisions, while emphasizing the importance of prioritizing safety and risk management. All information in our content is based on thorough research conducted by our team of copywriters and editors. We use proven sources to find relevant projects and ensure that all content is updated regularly.
The information provided by ICO Bench should be used for informational purposes only and should not be taken as investment advice.
Disclosure
When it comes to trading cryptocurrencies in Georgia, you have an array of trading platforms to do so effortlessly. That is thanks to the favorable ambience the Georgian government has provided for cryptocurrencies, from low taxes to encouraging policies. But if you must trade, then it’s best to do so on the top crypto exchanges in Georgia.
These platforms offer excellent coverage of crypto assets, featuring various tools such as trading charts and self-custody options for your assets. Best Wallet, for example, provides anonymity in addition to self-custody on board. You can also interact with more dApps as you deal with more cryptocurrencies and even NFTs.
This guide is all you need to get started with crypto trading and transactions in Georgia. We’ll explore our top recommendations, including the criteria we used to select them. You’ll also learn about the top cryptocurrencies and tokens you can buy now for potential gains.
All You Need to Know About Using Crypto Exchanges in Georgia
Firstly, the Georgian government is supportive of crypto trading. There’s even a homegrown trading platform, Cryptal, which is also one of the top crypto exchanges in the country. Even better, the doors are open for other trading platforms. All they need is to register as a Virtual Asset Provider (VASP).
As a resident in the country, you can buy, sell, and trade crypto freely. Crypto ownership for personal use is fully legal in the country.
Other crucial facts you should know before you start trading crypto in Georgia are as follows:
✅ Profits from personal crypto trading are exempt from taxation because the government considers them as foreign-sourced.
✅ All virtual asset providers must register and receive an operating license from the National Bank of Georgia.
✅ Licensed VASPs must adhere to strict anti-money laundering and Know Your Customer procedures.
✅ You cannot use cryptocurrencies as legal tender for transactions in Georgia.
✅ The local banks support account openings in major fiat currencies like USD, EUR, and GBP. This approach helps facilitate crypto transactions at the top crypto exchanges.
✅ Georgia has a progressive stance on cryptocurrency that includes blockchain and crypto education in schools.
The Top Crypto Exchanges to Use
If you are ready to start trading crypto in Georgia, then here are the top exchanges to use:
➡️ Best Wallet: This wallet is an ideal option for those who want anonymity and custody of their crypto assets. It also offers in-built crypto swaps and access to dApps.
➡️ Cryptal: With Cryptal, you can buy crypto with your local bank card. It is optimized to operate with the local currency, GEL.
➡️ Binance: This platform is an excellent choice to enjoy high liquidity and advanced trading tools. It also supports P2P trading, which can help you save on fees.
➡️ OKX: You can store both cryptocurrency and NFTs with this exchange. Even better, the exchange has an in-built NFT marketplace for direct trades.
➡️ KuCoin: Pick KuCoin if you want fractional ownership of some of the world’s best-selling NFTs. The platform also offers robust trading tools and a Web3 wallet.
➡️ MEXC: This platform offers up to 200x leverage for crypto trading. You’ll also get zero fees on spot trading.
➡️ Bybit: Bybit is another licensed VASP in Georgia. It offers trading bots, leverage, and crypto staking options.
➡️ Bit2Me: With Bit2Me, you can get direct tax reporting on the platform. This feature is available for all your crypto transactions.
➡️ Margex: This platform is an excellent choice to trade crypto futures with up to 100x leverage. You can also trade without KYC requirements.
➡️ Kraken: Kraken offers access to hundreds of coins and crypto staking. You’ll also enjoy robust security.
1. Best Wallet – An Excellent Choice for Anonymity and Self-Custody
When it comes to trading your crypto assets without ID, verification, or KYC, then Best Wallet is the ideal choice. The wallet offers anonymity and is, most importantly, self-custodial. It is also secure, with industry-leading encryption and firewalls.
Best Wallet is multi-chain, supporting over 60 blockchains. Even better, you can create multiple wallets inside the app to manage your cryptocurrencies effectively. Whether it’s the new Binance listings, meme coins, or AI agent coins, Best Wallet has a place for them. Simply create or import a wallet to manage your portfolio effectively.
Another thing that sets Best Wallet apart is the exclusive access to new ICO drops. As a wallet owner and token holder, you can invest in new ICOs much earlier than the general public. That is due to the wallet’s exclusive crypto launchpad that brings the newest projects its way. And the fact that the wallet does a thorough screening for the projects to identify and remove scams makes it even better.
With Best Wallet, you can not only store your tokens securely, but you can also buy, swap, and even stake them for passive rewards. The wallet has an in-built stake aggregator and access to many dApps as well.
We have a much more comprehensive guide on how to set up and use this wallet in our Best Wallet app review. In the meantime, note that you don’t have to pay any fees to run your Best Wallet account.
Best Wallet Top Features
➡️ There’s a dApp iGaming hub
➡️ The wallet does not require KYC
➡️ It supports cross-chain swaps across over 60 chains
➡️ There’s advanced anti-fraud protection
➡️ Users control their private keys
Pros and Cons of Best Wallet
Pros
Cons
You can conduct crypto transactions anonymously
The wallet supports over 1,000 coins and tokens
There are no wallet fees for selling, buying, or storing your crypto assets
The wallet has dApp and DEX integration
There is an integrated staking aggregator
Users have early access to new cryptocurrencies through the launchpad
It does not have native support for the local currency, GEL
The wallet is not available as a desktop app
You need the $BEST token to get the most out of the wallet
2. Cryptal – A Secure Option to Buy Crypto With Your Local Bank Card
With Cryptal, you can enjoy crypto transactions with the local Georgian payment options. Whether you want to buy with your local bank card or make a bank transfer, Cryptal has you covered. Even better, you can transact in the local currency (GEL), as Cryptal is a homegrown crypto exchange.
While being locally available in Georgia is Cryptal’s greatest asset, the platform has other noteworthy features to compete with the top crypto exchanges in Georgia. One of these features is the zero withdrawal fee on Litecoin. You also get an extensive blog to learn about cryptocurrencies, an excellent starting point for beginners.
Cryptal offers secure and snappy crypto purchases and sales. You can withdraw to your local bank account directly, something you’d need third-party apps for when dealing with most other crypto exchanges.
You can conduct spot trading on Cryptal. The exchange features advanced trading charts with analytical tools to help you maximize your returns in the crypto market. You can swap hundreds of crypto pairs and trade even more crypto assets in Georgia.
While not exactly a robust Web3 wallet like Best Wallet, Cryptal does offer onboard storage for its users. This feature can be handy for short-term storage during transactions. Besides, you can always transfer your assets to an offline or anonymous storage.
Cryptal Top Features
➡️ The crypto exchange supports spot trading
➡️ You can trade effortlessly in the local currency using local banking methods
➡️ The wallet allows TOL stablecoin redemption for fiat
➡️ You can trade in USD and EUR
Pros and Cons of Cryptal
Pros
Cons
The wallet is regulated in Georgia and the EU
It supports instant crypto transactions with a bank card or wire transfer
3. Binance – Top Choice for High Liquidity and Expert Trading Features
Binance is the largest crypto exchange in the world. It currently serves over 270 million customers across 180 countries, including Georgia.
Because of the high user base, Binance boasts high liquidity, unlike other crypto exchanges on this list. You can trade hundreds of cryptocurrencies, tokens, and coins, from the best altcoins to shitcoins, AI agent coins, and meme tokens. The top cryptocurrencies like Bitcoin, Ethereum, Solana, and Cardano are also available.
Binance supports local banking options in Georgia via its P2P trading section. Here, you can buy and sell cryptocurrencies using bank transfers, just as you would with Cryptal. Even better, you’ll get an escrow service for better protection and reliability.
As one of the top crypto exchanges in Georgia, Binance offers advanced trading features. These include spot trading, futures trading, and margin trading with sizeable leverage. Still, you can up your trading game by incorporating trading bots into your account. These bots can automate your trades and help you get the most out of the crypto market.
Like Best Wallet, Binance offers an integrated launchpad. The platform not only showcases these new tokens but also supports them through their development phases. This approach ensures their success, making them viable investment opportunities.
Binance Top Features
➡️ The crypto exchange is available on Windows, macOS, Android, and iOS
➡️ You can transact in local currency and banking options using the P2P option
➡️ The platform supports NFTs, with options to buy and sell
➡️ 0.1% trading fees for spot trading
➡️ You can create trading bots to automate your transactions
Pros and Cons of Binance
pros
Cons
The platform offers exclusive benefits when you pay with BNB
High liquidity guarantees quick order executions and minimal slippage
Binance has a robust ecosystem that includes the NFT marketplace and Binance Earn.
OKX offers low fees, fast transactions, and powerful APIs that are handy for developers. Even better, it guides new users all the way, from their first trade till they master the platform and become seasoned crypto traders.
This trading platform is available in over 180 countries and supports over 350 cryptocurrencies. You can view and conduct trades using the renowned TradingView platform.
Speaking of trading, OKX has several features that rival other top crypto exchanges in Georgia. First off, you can trade spots and futures, but it doesn’t stop there. You can trade pre-market futures where you get early access to upcoming tokens, just like in Best Wallet.
OKX also offers trading bots. You can either buy a trading bot from the marketplace or create your custom trading bot. These bots are handy in automating trades and hitting the execution button promptly.
With a clean UI, deep liquidity, and an exclusive Web3 wallet, OKX is a handy trading platform for beginners and seasoned traders. The exchange also supports NFTs, meaning you can expand your crypto assets even further.
P2P trading is available at OKX. Here, you can buy and sell crypto via over 100 payment options, including local banking options in Georgia.
OKX Top Features
➡️ The Web3 wallet offers access to over 1000 dApps
➡️ You can create custom trading bots to automate your trades
➡️ You can trade crypto directly with supercharged charts on TradingView
➡️ Pre-market futures are available for trading
➡️ Demo trading is available
Pros and Cons
Pros
Cons
The platform offers high liquidity and low fees
You can view and trade NFTs
TradingView is integrated into the platform for expert crypto trading
Beginners can start with demo trading
There is direct integration of a Web3 wallet
The Web3 wallet is non-custodial
There is no option for automated recurring buys
Trading bots do not guarantee profits, as their execution can be affected by slippage and delays
5. KuCoin – Best Choice for Fractional Ownership of NFTs
If you want to invest in NFTs in Georgia but have little capital, then KuCoin is your best bet. The platform stands out from other exchanges with its support for fractional NFT ownership. In other words, you can own part of an NFT instead of paying the whole price.
KuCoin’s partnership allows it to provide tradable fractions of NFTs as ERC-20 tokens. This approach makes it easy for users to purchase these fractions and profit from the NFT.
When it comes to trading cryptocurrencies, KuCoin is no slouch either. The platform supports over 900 coins and is available in over 200 countries. It is one of the top crypto exchanges in Georgia for buying, selling, swapping, and staking cryptocurrencies.
KuCoin supports P2P trading, where you can transact in multiple payment options. You can also use third-party integrations to transact in the local Georgian Lari (GEL).
As for trading, KuCoin supports spot and margin trading. You can also access leveraged tokens and trade crypto derivatives, including coin-margined contracts.
KuCoin features a launch hub where you can trade new cryptocurrencies over the counter before their official listing. The hub is also a Gemslot where you can complete daily tasks to earn free crypto.
KuCoin Top Features
➡️ The platform offers stable and reliable on-chain staking
➡️ Users can automate their trades with trading bots
➡️ P2P trading is available
➡️ KuCoin offers third-party integrations for local transactions
Pros and Cons of KuCoin
Pros
Cons
The platform offers access to new tokens
You can earn airdrops by completing daily tasks
P2P trading is available
KuCoin offers a Web3 wallet for crypto storage
The platform supports many dApps
You need third-party apps to transact with the local currency or banking options in Georgia
KuCoin does not hold a VASP license in the country
The platform is prone to occasional limited liquidity
MEXC has a lightning-fast engine that runs at 1.4 million transactions per second. It is one of the top crypto exchanges in Georgia, where you can trust to get snappy order executions and minimal slippage. Even better, you’ll enjoy deep liquidity and zero fees on spot trading.
You can trade futures and derivatives with high leverage, up to 200x or even 300x. Pre-market trading is also available for spot trading.
MEXC offers a first-mover advantage, thanks to its early listings. In other words, you can access and trade new tokens before they become available on many other platforms.
When it comes to payments, MEXC supports several payment options. However, you’ll have to use third-party apps to pay with GEL or use local banking methods.
You can get even more exclusive benefits on the platform by holding the native token, MX. The benefits include free airdrop events, 50% off trading fees, and up to 70% referral commission.
MEXC Top Features
➡️ The platform features leverage trading with up to 200x
➡️ Market trackers are available
➡️ The MEXC DEX allows you to buy and swap hundreds of trading pairs
➡️ Demo trading is available
Pros and Cons of MEXC
Pros
Cons
The platform offers zero fees for spot trading
There is a strong focus on futures and derivatives
Users enjoy regular airdrop opportunities
You can automate trades with trading bots
Transacting with the local currency requires third-party apps
Bybit becomes a licensed VASP in November 2024. It is one of the few licensed exchanges in the country. Still, the platform offers global access with support to trade in the major fiat currencies like GBP, EUR, and USD. The exchange supports even more fiat currencies through its P2P trading.
As a new user, you’ll receive a welcome bonus from Bybit. Even better, you can get up to 555% APR when maximizing your savings with the platform’s 2-day savings plan.
P2P trading at Bybit comes with zero fees. Even better, you’ll find support for local payment methods. You can trade your crypto assets in GEL without any hassles.
Spot, futures, and options trading are available at Bybit. With spot trading, you can get up to 10x leverage. While not as high as MEXC, it is still notable for profitable trading.
Bybit Top Features
➡️ The exchange has a launchpool that features new tokens.
➡️ Copy trading is available
➡️ You can use the TradeGPT feature for AI-powered trading on Bybit
➡️ Trading bots are available for automated and smart trades
➡️ Bybit offers TradingView integration for advanced charting and trading tools
Pros and Cons of Bybit
Pros
Cons
You can earn income through on-chain staking and Bybit savings
OTC trading is available for large orders
The position builder tool is available for a better trading experience
8. Bit2Me – Generate Tax Reports Effortlessly for Your Global Transactions
While Georgia does not charge taxes on individuals, companies have to file taxes on their crypto transactions. So, if you operate as a company, then Bit2Me is the ideal exchange for you.
With Bit2Me, you’ll have a full record of all your crypto transactions. That simplifies the tax filing procedure by providing enough information for you to generate your taxes.
When it comes to reliability, Bit2Me is a leading exchange. The company is registered with the Bank of Spain, but its services are available to residents in other countries, including Georgia.
Products under Bit2Me include a Web3 wallet, a launchpad, swap platforms, and crypto loans. For storage, the exchange offers cold storage with sufficient coverage and insurance for fiat deposits as well.
Bit2Me supports over 370 cryptocurrencies with top-notch customer support. You can also earn up to 26.7% in passive income by using your cryptocurrencies via the platform’s earn feature.
Bit2Me Top Features
➡️ Stored data is encrypted and stored in scattered chunks.
➡️ User funds are insured with up to 150 million euros in Ledger
➡️ The company holds multiple compliance certifications
➡️ Bit2Me is regulated in the European Union
Pros and Cons of Bit2Me
Pros
Cons
User funds are kept in cold storage with sufficient coverage and insurance
You can download tax reports easily and without charge
The platform supports loans for users
Bit2Me supports individuals, businesses, and institutions
There is limited cryptocurrency coverage compared to larger exchanges
9. Margex – Trade Crypto Futures with Up to 100x Leverage
If you want to profit from the rising and falling crypto prices, then Margex fits the bill. This crypto exchange supports futures trading with leverage, making it a unique choice for crypto investors and not just traders.
Some crypto coins require only 1%, allowing for trading on margin. You can also keep up with the price movements using the price alerts.
Margex is a leading exchange when it comes to copy trading. The platform features over 100 pro traders. Even better, you can copy their trade with a single click.
The MP Shield system is another notable feature from Margex. This system prevents price manipulation, creating a more trustworthy crypto market.
Margex Top Features
➡️ You can get up to 100x leverage on crypto futures
10. Kraken – World-class Security for Your Crypto Assets
Kraken offers a custom workspace for seasoned traders. The pro trading interface features many widgets. Even better, you can customize all the widgets to suit your trading style and give you the needed information. There is a unified portfolio, and you can effortlessly switch between spot and futures trading.
Another major highlight for this platform is the cold storage. Kraken keeps a large portion of funds in cold storage. Still, it features 2FA and real-time suspicious activity monitoring.
Kraken supports over 400 cryptocurrencies with deep liquidity. The advanced trading features include spot, margin, and futures trading. Seasoned users can opt for Kraken Pro, which has advanced charts, analytics, and order types.
Ultimately, Kraken has a long-standing reputation that places it among the top crypto exchanges in Georgia. The platform holds licenses in multiple jurisdictions.
Kraken Top Features
➡️ The exchange has FIDO2-compliant 2FA for security
➡️ There’s a self-service OTC platform for institutional clients
➡️ The Kraken wallet allows you to store and manage NFTs
➡️ There is an integrated NFT marketplace
Pros and Cons of Kraken
Pros
Cons
The platform has customizable API key permissions
There is no phone/SMS account recovery to minimize the risk of SIM swapping attacks
The platform provides regular audits to prove its capability to cover user funds
Kraken has a competitive fee structure
Kraken has relatively low leverage compared to platforms like Bybit and Margex
The platform has limited options for account funding
Here’s a table comparing all our recommended crypto exchanges in Georgia:
Exchange
Trading Fees
Notable Features
Best Wallet
Nil
Self-custody
Anonymity
Access to dApps, DEXs, and DeFi
Cryptal
0.25% for both taker and maker
Accepts fiat deposits via bank transfer and card payments
Zero withdrawal fee
Binance
0.1% for both taker and maker, with a 25% discount if you use BNB
Large selection of cryptocurrencies
Advanced trading tools
Staking options
OKX
0.040 to 0.045% for makers and 0.045% to 0.050% for takers
Supports spot and futures trading with trading bots for automated trades
KuCoin
0.1% per transaction
Supports fractional NFT ownership
Has P2P trading
Features spot and margin trading
MEXC
0% for makers and 0.05% for takers
Has a lightning-fast engine for snappy order executions and minimal slippage
Supports leverage trading up to 200x
Bybit
Varies, depending on your trade type
It is licensed in Georgia
Supports P2P trading
Offers spots, futures, and options trading
Bit2Me
0.95% per transaction
Keeps adequate records of your crypto transactions for easy tax report generation
Provides cold storage in its Web3 wallet
Margex
A flat fee of 0.1%
Supports margin trading
Has copy trading
Kraken
0% for trades up to $10k a month
Offers futures and spot trading
Supports over 400 cryptocurrencies
Features advanced trading charts
How to Pick Your Preferred Crypto Exchange in Georgia
Here are a few factors we considered when picking the top crypto exchanges in Georgia:
Availability in Georgia and support for the GEL
The user-experience
The security features and regulatory compliance
Trading fees and other charges
Reputation and user feedback
You can consider the same factors. But, in addition to that, consider the cryptocurrency variety as well. This factor depends on which cryptocurrencies you want to trade.
We also recommend checking out the customer support. Ensure the support team is responsive on all channels.
Ready to Get Started? These Are The Best Presales to Buy Now
For the best presales to buy now, here are our top recommendations
1. Best Wallet Token
The $BEST token is the native token of the Best Wallet ecosystem. Holding it gives you a few exclusive privileges that other users do not have. That includes early access to new projects, reduced transaction fees, higher staking rewards, and community rewards. You will also be able to participate in token airdrops.
You can buy $BEST tokens now on its official website or in Best Wallet. The presale has made over $12 million, and the token is fast heading towards official listing. You can also stake your $BEST tokens before the presale ends.
This crypto project is an opportunity to get free BTC via airdrops as the famed cryptocurrency continues its march towards $200k. Experts predict it to hit $250k, and Bitcoin Bull is offering BTC airdrop rewards for its holders. Even better, you can buy $BTCBULL at a low rate now to participate in these airdrops.
There will be several BTC airdrops based on the BTC price movement. On the other hand, $BTCBULL will maintain and push its value even higher via token burns. A subsequent $BTCBULL airdrop will be available for holders who hold on to the token when BTC hits $250k.
Follow the steps below to trade your first crypto in Georgia
➡️ Pick and register with your preferred crypto exchange.
➡️ Fund your exchange account via fiat deposit or crypto transfer.
➡️ Go to the “Buy Crypto” section or the P2P category to buy or sell your first crypto.
➡️ Store your purchased crypto either directly on the exchange or use an exclusive wallet.
➡️ Track your portfolio and its performance
The Top Wallets to Use
As for the top wallets, here are our recommendations
Best Wallet
Zengo
Trezor Safe 5
Ledger Stax
Binance Web3 wallet
Conclusion
The top crypto exchanges in Georgia provide several handy features to handle your crypto trades. They even provide onboard storage for your crypto assets. Nevertheless, you should consider moving your funds to a hardware wallet for more robust security.
FAQs
Do banks in Georgia support cryptocurrencies?
Banks in Georgia are crypto-friendly, with some supporting transfer transactions to crypto exchanges. However, you cannot deposit crypto directly into your bank account.
When is the best time to trade crypto in Georgia?
There is no bad or good time to trade crypto in the country. However, you should consider the market volatility when trading.
Do I have to pay taxes when trading crypto in Georgia?
No, individuals do not have to pay tax on their crypto trades. However, businesses and institutions will have to file their tax reports.
By Jeremiah Awogboro
Jeremiah is a seasoned content writer with a knack for all things SEO, especially in the realm of cryptocurrency. He loves diving deep into the world of blockchain to create engaging content that not only informs but also entertains. Apart from writing, Jeremiah enjoys reading, playing casino games, and of course, music!
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