Buy cryptocurrency in Georgia
How to buy cryptocurrency
The popularity of cryptocurrency is growing rapidly around the world. Thousands of users have already started to earn from cryptocurrencies, to buy tokens of various cryptocurrencies.
But many newbies don’t know where and how to buy cryptocurrencies, which methods are considered the safest, and which are better to give up.
It is the lack of experience or necessary knowledge that leads newcomers to the cryptocurrency market to face a number of problems:
- too high commissions and a bad buying rate;
- low security of personal data and payments;
- delays and the need to wait a long time for coins to be credited to the account.
What to do in order not to face such problems if you need to buy cryptocurrency?
We will consider the actual ways of exchange and tell you about their advantages and disadvantages.
Cryptocurrency exchanges
In order to take advantage of the exchange, it is necessary to verify and authenticate your identity. This process may take a little time, but after that users will receive a lot of benefits:
- the ability to buy cryptocurrency directly from your bank card;
- quick exchange of currencies without a market order;
- high level of security and reliable protection of personal data.
Keep in mind that most cryptocurrency exchanges set limits on the possible minimum and maximum amounts. Make sure that the limit suits you.
P2P platforms
Such platforms offer to buy popular cryptocurrencies using different currencies of the world. Their main feature is that you buy cryptocurrency from a real person, not a service.
At the same time, the platform provides guarantees for both the buyer of the cryptocurrency and the seller. Thus, the transaction will be as safe as possible for both parties.
Cryptocurrency exchangers
Online exchangers are considered one of the most popular because they allow you to purchase any cryptocurrency quickly and securely.
An important factor is that cryptocurrency exchangers support a large number of currencies. Services are functioning in automatic and manual mode – the speed of transactions depends on it.
In comparison with exchanges, this method is more profitable, because exchangers do not charge commission for the input and output of finances.
One of the most reliable and safe exchangers is Wellcoinex. The service provides favorable terms of purchase, all transactions are made as quickly as possible.
Wallets
Many cryptocurrency wallets allow you to buy coins directly from your card through your personal account.
All you need to do is to specify the amount of payment and choose a coin from the available ones. This is also quite a safe method, a huge advantage of it is the simplicity of making the payment.
Cryptomats
As the demand for cryptocurrencies has increased, so has the number of available ways to buy coins. For example, a large number of cryptomats – special payment terminals – have recently appeared.
They are located in different countries and cities around the world.
Cryptocurrency ATMs allow you to buy any necessary cryptocurrency as quickly and safely as possible. There is an opportunity to buy for a card or for cash.
Buy cryptocurrency in Georgia
Despite the fact that Georgia is not considered to be the most innovative and developed country, the number of cryptocurrency users in the region is quite large.
According to the Global Cryptocurrency Benchmarking Study published in 2017, Georgia ranked second in the world (China was first) in terms of mining.
For further information by 2019, cryptocurrency mining in the country has not lost its popularity. Currently, the country has a tax on the exchange of cryptocurrencies for fiat money.
The number of people who want to buy cryptocurrency in Georgia is increasing rapidly, especially when new coins enter the market.
But few newcomers know how to buy cryptocurrency in Georgia, and about 30% of users are afraid to buy coins because of existing risks. We will tell you where to buy cryptocurrency to make the purchase profitable and, most importantly, safe.
Crypto machines – should they be trusted
Due to the growth of cryptocurrency users, cryptocurrency ATMs began to appear on the streets of Georgian cities. You can use them to buy a cryptocurrency for:
- cash;
- bank card Visa/Mastercard.
Currently, the number of cryptomats is 13, 10 of which are located in Tbilisi. This is a fast and safe way to buy cryptocurrency in Georgia, so it is actively used by residents of the country.
Cryptocurrency exchangers and exchanges – the best way to buy cryptocurrency
As in other countries, cryptocurrency exchangers and exchanges are actively used in Georgia. This is due to the fact that such methods allow you to buy cryptocurrency online – without leaving home.
In addition, exchangers and exchanges guarantee a high level of security, they are some of the most reliable services. In order to use the services of an exchange or exchanger, you need to perform the following actions:
- Choose the optimal service for the payment. To do this, you need to consider such important factors as the service commission, the current rate, features of registration and exchange, the timing of payments, protection of personal data, and the availability of support service.
- Register on the site. In most cases, exchanges require a long verification, cryptocurrency exchangers provide more comfortable conditions.
- Select a cryptocurrency. Specify the amount to buy, choose the type of transaction (your currency and the cryptocurrency you want to buy).
- Confirm the transaction. To confirm a cryptocurrency purchase, you may be required to provide a special code, electronic signature, etc. The terms depend on the site chosen.
- Wait for the transaction to complete. On cryptocurrency exchanges of the automatic type, transactions are completed within 10 minutes. For exchanges and manual exchangers, this time may be longer.
Many users cannot choose a cryptocurrency exchanger on their own. A good option would be the Wellcoinex cryptocurrency exchanger.
The service offers favorable conditions, guarantees users security and confidentiality. Also, the site has the most favorable and comfortable conditions.