Exchange Bitcoin for Lari: BTC to GEL Bank Transfer
Start an exchange
If you hold bitcoin and need lari in a bank account, this exchange direction is for you. You send BTC to the address in your order, and the BTCChange24 operator manually transfers GEL to the IBAN you specify.
Below you will find the rate, a calculator, a table of amounts, limits, timing, IBAN filling rules and common problems. The rate, limits and reserve update on this page automatically.
Important. The lari will be paid to the IBAN in your order, and the bitcoin must be sent to the address in your order and in the exact amount shown. Check both details before you send: once BTC is broadcast to the blockchain, a mistake cannot be corrected.
BTC to GEL rate for bank transfer payouts
The market price of bitcoin changes constantly, and the amount in lari moves with it. The chart shows the coin's market price, while the values for this exchange are given below it.
- Minimum amount
- 0.0006 BTC
- Maximum amount
- 11.905 BTC
- Reserve
- 438,858.28 GEL
The rate in this direction is floating. It is fixed when your transfer receives the required number of network confirmations, and the number is listed in the site rules. To know the amount in advance, tick the paid option “Fixed rate” in the form.
Convert BTC (Bitcoin) to GEL (Georgian Lari)
This direction is for those who want to turn bitcoins into lari in a bank account. You send Bitcoin (BTC), and BTCChange24 transfers GEL to your IBAN. Indicative rate: 1 BTC = 199,428.48 GEL.
- You send: Bitcoin, BTC, a cryptocurrency.
- You receive: Georgian lari, GEL, by bank transfer to your account.
- Payout time: 30 minutes to 72 hours.
To start, choose Bitcoin BTC and Bank transfer GEL in the exchange form, then enter the amount. The form will show how many lari you will receive.
Bitcoin Exchange in Tbilisi
To exchange Bitcoin (BTC) in Tbilisi, submit an application online: lari (GEL) are paid by bank transfer to an IBAN account. You do not need to be in Tbilisi, you can submit the application from any city.
- You send BTC and receive GEL by bank transfer, cash is not paid out.
- For the payout, provide your IBAN, first and last name, a phone number linked to your bank, and an e-mail address.
- In the exchange form, choose Bitcoin BTC and Bank transfer GEL.
An operator processes the application manually, and the payout takes 30 minutes to 72 hours. You can find the other exchange terms in the site rules.
How many lari you get for your BTC
Enter the amount of BTC into the calculator, and it will show the approximate sum in GEL. For common amounts, the calculations are already collected in the table.
Rate for this amount: 1 BTC = 199,428.47 GEL
| You send | You receive | Rate per 1 BTC |
|---|---|---|
| 0.001 BTC | ≈ 166.19 GEL | 166,190.39 GEL |
| 0.005 BTC | ≈ 997.14 GEL | 199,428.47 GEL |
| 0.01 BTC | ≈ 1,994.28 GEL | 199,428.47 GEL |
| 0.05 BTC | ≈ 9,775.90 GEL | 195,518.11 GEL |
| 0.1 BTC | ≈ 19,361.98 GEL | 193,619.88 GEL |
| 0.5 BTC | ≈ 96,809.94 GEL | 193,619.88 GEL |
| 1 BTC | ≈ 193,619.88 GEL | 193,619.88 GEL |
Why the rate depends on the exchange size
Here the rate depends on the amount: a small and a large exchange can have different rates, so each row of the table has its own rate per 1 BTC. The calculator and the table use the same conditions as the exchange form.
The result is approximate. Because the rate floats, the final amount is determined when it is fixed, after network confirmations.
How to exchange bitcoin for lari to a bank account: step by step
The exchange comes down to three actions: create an order, send BTC, and wait for the lari to reach your account.
-
1Create an order
Enter the amount, IBAN, first and last name, phone number and e-mail.
You sendBitcoin0.01 BTC
You receiveBank transfer≈ 1,994.28 GEL
Recipient details- IBAN
- First and last name
- Phone number linked to your bank
-
2Send BTC
Transfer the exact amount to the address the site shows you.
Send exactly0.01 BTCTo the address in your orderThe address appears once the order is createdWaiting for network confirmations -
3Receive GEL
The operator manually sends the payout to your bank account.
Payout sent≈ 1,994.28 GELto your bank accountPayout time: 30 minutes to 72 hours
Step 1. Create an order
In the exchange form, choose Bitcoin BTC and Bank transfer GEL, then enter the amount. The form will show how many lari you will receive.
Open the BTC to GEL exchange form
Then fill in the order fields:
- IBAN;
- first and last name;
- phone number linked to your bank;
- e-mail.
Before you confirm, check the IBAN and the amount once more. Enable only the paid options you actually need.
Step 2. Send BTC
Once the order is created, the site will show the address and amount for the transfer. From your wallet or exchange, send exactly this amount to this address.
- Compare the beginning and the end of the address with the order page.
- If you withdraw from an exchange, account for its fee so that the full amount reaches the exchanger.
- Save the TXID: you will need it whenever you contact support.
Step 3. Receive lari in your account
As soon as the network confirms the transfer, the operator processes the order and sends GEL to your IBAN. Send questions about your order to support on the site or in Telegram.
Order limits and lari reserve
For one order you can exchange from 0.0006 BTC to 11.905 BTC.
The direction’s reserve is 438,858.28 GEL: this is how many lari are currently available for payouts. If your amount is outside the limits or exceeds the reserve, the form will warn you, and support will advise you on what to do.
Timing: when the lari reach your bank account
The exchange has two stages: the network confirms your transfer, and then the operator manually processes the payout.
Network confirmations
Until enough confirmations arrive, the rate is not fixed and the order stays on hold. The required number is listed in the rules, and the speed depends on network load and the fee you chose when sending.
Payout by the operator
The payout takes 30 minutes to 72 hours, because a person processes the order. If you need it faster, the form has a paid option “I want to receive it urgently.”
What to do if the timing drags on
- Make sure the transaction was sent to the network: it should have a TXID.
- Check in a block explorer how many confirmations it has received.
- Compare the transfer address and amount with your order.
- If everything matches but the payout time has passed, contact support.
In your message, include the order number and the TXID. Do not make a repeat transfer.
Fees for exchanging BTC to lari
BTCChange24 does not charge a separate fee for the exchange: the fee is included in the rate. The form shows how many lari you will receive before you create the order.
Costs on the sender's side
Sending bitcoin requires a network fee, which goes to miners, not to the exchanger. If you withdraw from an exchange, that exchange’s own withdrawal fee also applies. The amount depends on your wallet, the exchange and network load.
Paid options in the form
- “Personal payment to friends”;
- “Payment screenshot required”;
- “I want to receive it urgently”;
- “I want to receive it in one payment”;
- “Priority support”;
- “Tip the service”;
- “Fixed rate.”
None of them are mandatory. The form shows how the selected options change the total before you create the order.
How to compare exchangers fairly
Enter the same BTC amount into each service and compare the total in lari. A stated percentage alone tells you little, since it may already be built into the rate.
How to enter your IBAN and recipient details in the order
The lari will go to the account specified in your order. So it is best to check every field before you send BTC.
- IBAN. Copy it from your banking app or online banking and paste it in full, with no extra characters at the edges. It must be the IBAN of the account where you want to receive the lari.
- First and last name. Enter the account holder’s name exactly as it appears at the bank.
- Phone number linked to your bank. This is the number listed in your banking profile.
- E-mail. Use a working address so you can receive messages about your order.
If you need proof of payment, tick the option “Payment screenshot required.” If the lari are meant for another person, first check with support whether the option “Personal payment to friends” suits you.
Did you notice an error in the details before sending the BTC? It is simpler to create a new order or contact support.
Safety when exchanging BTC to a bank account
Use the address only from your order page
The transfer address is unique to each order. Do not use addresses from past exchanges, and do not trust messages that give you a different address.
Do not disclose wallet or bank access
The exchange does not require a seed phrase, private key, wallet password, online banking login or password, or SMS codes. The fields in the order are all you need.
Write only to official channels
Support works on the site and in Telegram, and the link to it is given on the site. If an unknown “operator” writes to you first and pushes you to transfer, do not reply.
Enter only an IBAN you are sure of
A bank transfer to the wrong account is hard to recover. If you are unsure about the details, check them in your banking app before you send BTC.
What to do if your BTC to GEL exchange goes wrong
BTC sent, but the order status does not change
Find the TXID in your wallet or on the exchange. If there is none, the transfer did not reach the network: the exchange may have delayed the withdrawal. If there is a TXID, wait for confirmations and compare the address and amount with your order.
Mistake in the IBAN
If you still have the BTC, create a new order with the correct IBAN. If the transfer has already been sent, contact support right away and provide the order number and TXID.
The lari total differs from your calculation
The rate floats and is fixed after confirmations, so the amount may have shifted with the market. Next time, choose the “Fixed rate” option so that the result is known in advance.
The sent amount does not match the order
Do not send the difference in a separate transaction. Tell support the order number, the actual amount sent and the TXID.
The order is complete, but the lari are not in your account
Check your account statement in your banking app and compare the IBAN with the one in your order. If the money still has not arrived, contact support and include the order number.
Frequently asked questions about exchanging Bitcoin for lari
How do I exchange Bitcoin for lari and receive them in a bank account?
In the exchange form, choose Bitcoin BTC and Bank transfer GEL, enter the amount and fill in the order fields. Then send BTC to the address in your order, and after confirmations the operator will transfer lari to your IBAN.
Where can I see the current BTC to GEL rate?
The rate is shown in the block on this page and in the exchange form. It floats and depends on the exchange amount.
When is the rate finally fixed?
When your transfer receives the required number of network confirmations. Until then the rate can change, so to know the amount in advance, enable the “Fixed rate” option.
Why do I get a different number of lari for 1 BTC at different amounts?
In this direction the rate depends on the exchange size. That is why the table gives each amount its own rate.
What details do I need for a lari transfer order?
The IBAN, the recipient’s first and last name, the phone number linked to the bank, and an e-mail address.
How much can I exchange in one order?
From 0.0006 BTC to 11.905 BTC. The current limits are always shown in the exchange form.
Is the reserve enough for my payout?
The reserve is currently 438,858.28 GEL. If your amount is larger, the form will tell you, and support will suggest options.
How long do I wait for lari in my account after sending BTC?
The payout takes 30 minutes to 72 hours. The operator processes orders manually, and the start of processing depends on network confirmations.
Does the exchanger charge a separate fee for exchanging BTC to GEL?
No, the fee is already included in the rate, and the form shows the final amount before you create the order. You only pay the network fee separately and, if you withdraw from an exchange, that exchange’s withdrawal fee.
Why is the order handled by an operator and not automatically?
This is how this direction works: the operator sends the bank payout manually. More details about the conditions are in the rules.
What if the IBAN was entered incorrectly?
If the bitcoin has not been sent yet, create a new order. If it has already been sent, contact support right away with the order number and TXID.
Can I cancel a BTC transfer after sending it?
A transaction on the network cannot be cancelled. If you made a mistake or have doubts, contact support and include the order number and TXID.
Summary: how to exchange Bitcoin for lari at BTCChange24
Before you send bitcoin, check the BTC amount, the calculation in lari, your IBAN and the address in your order. Keep the TXID until the GEL appear in your bank account.
In the exchange form, choose Bitcoin BTC and Bank transfer GEL, enter the amount and provide your IBAN.
Other Bitcoin exchange options
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