Crypto-to-fiat Exchange

Buying real estate with cryptocurrency is no longer an exotic option. Today it has become a practical tool for investors, expats, and business owners who want to diversify their assets, preserve capital, and legally anchor it in a financially attractive jurisdiction.

By 2025, Georgia has become one of the leading countries in the region where purchasing property with the help of cryptocurrency is not only possible, but also highly advantageous in terms of taxation, transaction simplicity, and transparent regulation. Still, one key question remains for any buyer: how to conduct such a purchase legally and safely?

Georgia’s real estate market has shown steady growth in recent years. According to Colliers and Cushman & Wakefield, the average yield in the residential and tourism property sectors in Tbilisi and Batumi reaches 8–12% per year, making the country attractive to foreign investors.

Key market advantages include:

● No property tax. Owners of apartments and houses in Georgia do not pay annual property tax, which drastically reduces long-term costs.

● imple purchase rules for foreigners. Non-residents can buy property in Georgia without restrictions.

● Affordable prices. As of 2025, price per square meter in Tbilisi is still 2–3 times lower than in most European capitals.

● Growing tourism and rental demand. Short-term rental demand continues to rise in Tbilisi, Batumi, and Kakheti.

Along with its economic advantages, Georgia is widely known for its favorable attitude toward cryptocurrencies.

● No tax on crypto gains for individual tax residents.

● In 2023, Georgia introduced an official VASP licensing framework supervised by the National Bank of Georgia (NBG).

● Licensed exchanges such as GeCrypto operate legally, allowing clients to convert digital assets into GEL, USD, or EUR with full compliance.

This combination of a growing property market and a transparent approach to cryptocurrency regulation has made Georgia one of the most convenient countries for purchasing real estate using crypto.

Despite the country’s crypto-friendly stance, you cannot pay for real estate directly in cryptocurrency in Georgia. The National Bank requires that all real estate transactions be settled in fiat currency.

This sets Georgia apart from countries such as the UAE, Portugal, and Turkey, where some developers and notaries accept cryptocurrency directly.

In Georgia, the structure is different and actually safer and more compliant.

Because developers in Georgia only accept fiat (GEL, USD, or EUR), there is a legal and transparent method that allows buyers to use cryptocurrency during the process. This involves a licensed crypto exchange as an intermediary.
Here is how it works:

1. The buyer contacts a licensed exchange (for example, GeCrypto) and transfers cryptocurrency for conversion.
2. The exchange converts the cryptocurrency into fiat. The funds are credited to the buyer’s own bank account, not to the developer. This is a strict legal requirement set by the National Bank of Georgia.
3. The buyer then uses the received fiat to pay the developer via bank transfer, cash payment, or any other legal method.

This approach fully complies with local regulation because:

● the sender and recipient of funds are the same person (the buyer),
● the origin of funds is documented and easy to verify,
● banks and tax authorities have no grounds for questioning the transaction.


As a result, the buyer receives clean, legally verifiable fiat funds and completes the property transaction safely and transparently.

Georgia offers the best balance of safety, taxation, and simplicity. Unlike countries where crypto payments trigger substantial reporting or tax liabilities, in Georgia the process is straightforward and not classified as a crypto payment, which makes it fully legal.

GeCrypto is a licensed crypto exchange in Georgia operating under NBG requirements and international AML/KYC standards.
The service offers the following procedure for property-related transactions:

1. The client visits the GeCrypto office, passes KYC, and signs a service agreement.
2. The client transfers cryptocurrency and receives cash in USD along with an official receipt.
3. These funds can then be deposited into a bank account or used directly to pay the property developer.

GeCrypto ensures:

● full legal compliance,
● verified source-of-funds documentation,
● no issues with banks or compliance departments,
● the ability to work with large transactions (up to millions of dollars),
● competitive conditions and low fees.

No. Direct crypto payments between buyers and developers are not allowed. All settlement must be in fiat.

No, if you are a Georgian tax resident. For details, see our guide “Cryptocurrency Taxation in Georgia and Worldwide 2025.”

Yes, provided it is licensed (such as GeCrypto). All exchanges are documented, and the bank sees a trusted counterparty.

Yes. After completing the initial in-person verification, the client can perform further exchanges and fiat conversions online.

Crypto-to-fiat exchange is possible in:

● USD only — when withdrawing cash;

● USD, GEL— when receiving fiat to a bank account.

Buying real estate in Georgia with cryptocurrency is not just a trend, it’s a practical tool for investors seeking an optimal combination of safety, tax efficiency, and transparency.

While you cannot pay developers directly in crypto, using a licensed exchange such as GeCrypto allows you to complete the transaction fully legally, with proper documentation and without the risk of bank freezes.

Georgia is emerging as a crypto-forward real estate hub. And GeCrypto provides a secure bridge between digital assets and the Georgian property market.

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