How to buy Tether in Georgia
Currently, digital currency is one of the most profitable ways to invest funds, alongside securities, gold, and other metals. The leaders in terms of capitalization volume are Bitcoin and Ethereum, followed by Tether (USDT). Tether is an unusual cryptocurrency: firstly, it is a stablecoin, which means its exchange rate remains constant and is tied to the US dollar exchange rate, as reflected in its name - thus, Tether combines the characteristics of digital and fiat currencies. Secondly, Tether (USDT) operates on the BTC and ETH blockchain protocols, which allows for the same actions to be performed with it as with its predecessors: Tether can be bought, sold, stored, borrowed, while using the smart contract system.
In 2019, Georgia recognized cryptocurrencies - a law was passed that provides for tax payments to the state treasury when earning tokens from trading or mining. And although this law currently prohibits the use of digital currencies as a means of payment, Georgia is already on the path towards this.
Buying Tether (USDT) in Georgia with a bank card can be done in just a few minutes. This can be done in lari, dollars, euros and other currencies. Several simple steps necessary to do so will be described below.
In order to buy Tether, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of USDT based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase USDT for dollars step by step.
After converting the currency to USDT, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.
Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
Specify the purchase amount in the Itez dialog box. Copy the recipient address - your USDT wallet - from the “Accept” section.
Important: you should not manually copy the USDT wallet address. The blockchain system does not give any information about USDT addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.
For example, this is how the copy address button looks like in the Exodus wallet:
After copying the USDT wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.
Push the “Pay” button and enter the one-time bank code in the following window.
After making a payment on the Itez website, you will immediately be able to see the Tether in your wallet.
The transaction will first wait for confirmations from the blockchain network.
As a rule, this happens quite quickly and in most cases takes no more than a few minutes.
Financial institutions in Georgia are popular not only among locals but also among visitors to the country: banks open commercial accounts for foreign citizens and organizations. Almost all banks in the country have foreign capital and are fully owned by foreign shareholders. This policy provides the country with additional income and loyalty from other states. The top 5 Georgian banks include TBC Bank, Bank of Georgia, Liberty Bank, Basis Bank, and VTB Bank-Georgia. ProCredit Bank, Cartu Bank, Credo Bank, and Silk Road Bank are also popular.
Tether (USDT) can be purchased in Georgia with a debit or credit bank card from any Georgian bank. We support payment systems Visa, Mastercard, Maestro, and American Express. In addition, virtual payment methods such as Apple Pay, Samsung Pay, or Google Pay can be used for payment.
When buying digital currency for the first time, it is important to consider how it will be stored. Tether (USDT), like any other cryptocurrency, is stored using crypto wallets - special services that provide reliable protection of user information. Safe entry is possible thanks to a multi-stage system that includes a password, seed phrase, and login with an SMS code. To choose a crypto wallet, go to the official website of the Tether (USDT) cryptocurrency: tether.to.
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